12 unchanged sentences
The functional currency of our foreign subsidiaries is the U.S.
−Removed: Therefore, we are exposed to foreign exchange rate fluctuations as we convert the financial statements of our foreign subsidiaries into U.S.
−Removed: Our foreign subsidiaries remeasure monetary assets and liabilities at period-end exchange rates, while non-monetary items are remeasured at historical rates.
−Removed: Revenue and expense accounts are remeasured at the average exchange rate in effect during the period.
−Removed: If there is a change in foreign currency exchange rates, the conversion of our foreign subsidiaries’ financial statements into U.S.
−Removed: dollars would result in a realized gain or loss which is recorded in our consolidated statements of operations.
+Added: dollar and our results of operations and cash flows are subject to fluctuations due to changes in foreign currency exchange rates relative to the U.S.
+Added: The majority of our revenue is denominated in U.S.
+Added: Our expenses are generally denominated in the currencies of the countries in which our operations are located and are subject to fluctuations due to changes in their respective foreign currency exchange rates.
We do not currently engage in any hedging activity to reduce our potential exposure to currency fluctuations, although we may choose to do so in the future.
1 unchanged sentence
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.