7 unchanged sentences
In order to manage price risk caused by market fluctuations in biofuel prices, we may enter into exchange traded commodity futures and options contracts.
−Removed: We account for these derivative instruments in accordance with Topic 815, Derivatives and Hedging.
+Added: We account for these derivative instruments in accordance with Accounting Standards Codification Topic 815, Derivatives and Hedging.
Under this standard, the accounting for changes in the fair value of a derivative instrument depends upon whether it has been designated as an accounting hedging relationship and, further, on the type of hedging relationship.
3 unchanged sentences
Our immediate recognition of derivative instrument gains and losses can cause net income to be volatile from period to period due to the timing of the change in value of the derivative instruments relative to the sale of biofuel being sold.
−Removed: As of December 31, 2024 and 2023, the fair values of our derivative instruments were in a liability position in the amount of $235 and an asset position of $1,736, respectively.
+Added: As of December 31, 2025 and 2024, the fair values of our derivative instruments were in a liability position in the amount of $13 and $235, respectively.
Our gross profit will be impacted by the prices we pay for raw materials and conversion costs (costs incurred in the production of chemicals and biofuels) for which we do not possess contractual market price adjustment protection.
7 unchanged sentences
Biodiesel feedstocks
−Removed: Sodium Methylate
(a) Volume requirements and average price information are based upon volumes used and prices obtained for the year ended December 31, 2025.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.