8 unchanged sentences
• our ability to develop new products in response to government regulations and laws;
−Removed: • our ability to secure and retain adequate spectrum to facilitate ongoing operations and deployment of our services beyond our present geographic footprint.
−Removed: • Global economic downturns, market declines, or financial disruptions, including those affecting migration patterns, could harm our business, financial condition, operations, and cash flows.
+Added: • Global economic downturns, market declines, or financial disruptions, could harm our business, financial condition, operations, and cash flows.
• Competition from various providers, including banks, payment services, digital currencies, and emerging technologies, could adversely impact our ability to compete effectively and achieve future success.
17 unchanged sentences
The Company has consistently sustained losses since its inception.
−Removed: These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a period of one year from the issuance of these financial statements.
+Added: These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a period of one year from the issuance of the financial statements.
The Company's continuation as a going concern is dependent upon, among other things, its ability to increase revenues, adequately control operating expenses and receive debt and/or equity capital from third parties.
1 unchanged sentence
The Company intends to continue to address this condition by seeking to raise additional capital through the issuance of debt and/or the sale of equity until such time that ongoing revenues can sustain the business, at which time capitalization may be considered through other means.
−Removed: Information technology dependency and security vulnerabilities could lead to reduced revenue, liability claims, or competitive harm.
+Added: If we are unable to obtain additional funding when needed, our business operations will be harmed, and if we do obtain additional financing, our then-existing stockholders may suffer substantial dilution.
+Added: As we take steps to grow our business, or as we respond to potential opportunities and/or adverse events, our working capital needs may change.
+Added: We anticipate that if our cash and cash equivalents are insufficient to satisfy our liquidity requirements, we will require additional funding to sustain our ongoing operations.
+Added: There can be no assurance that financing will be available in amounts or on terms acceptable to us, if at all, if needed.
+Added: The inability to obtain additional capital will restrict our ability to grow and may reduce our ability to conduct business operations.
+Added: Any additional equity financing may involve substantial dilution to our then existing stockholders.
+Added: Information technology dependency and cybersecurity vulnerabilities could lead to reduced revenue, liability claims, or competitive harm.
The Company is increasingly dependent on sophisticated information technology and infrastructure.
Any significant breakdown, intrusion, interruption or corruption of these systems or data breaches could have a material adverse effect on our business.
−Removed: We use electronic information technology (IT) in our manufacturing processes and operations and other aspects of our business.
+Added: We use electronic information technology (IT) in our operations and other aspects of our business.
Despite our implementation of security measures, our IT systems are vulnerable to disruptions from computer viruses, natural disasters, unauthorized access, cyber-attack and other similar disruptions.
17 unchanged sentences
Such a decrease may have an adverse effect on the demand in the fiber optic sector and negatively impact the growth of our customer base.
−Removed: Foreign Currency
−Removed: We transact business in various foreign currencies including the Euro.
−Removed: In general, the functional currency of a foreign operation is the local country's currency.
−Removed: Consequently, revenues and expenses of operations outside the United States are translated into US Dollars using the weighted-average exchange rates on the period end date and assets and liabilities of operations outside the United States are translated into US Dollars using the change rate on the balance sheet dates.
−Removed: The effects of foreign currency translation adjustments are included in the stockholders' equity as a component of the AOCL in the accompanying financial statements.
Internal Controls
55 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.