What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2023-06-30 compared with 2022-07-01 · 2 added, 2 removed, 20 unchanged (17% of the section changed)

2 unchanged sentences

We are exposed to market risk in the area of interest rates.

This exposure is associated with advances outstanding under our bank line of credit and certain lease obligations for production machinery, all of which are priced on a floating rate basis.

Advances outstanding under the bank line of credit were $1.6 million at April 30, 2022, bearing interest at floating rates.

This exposure is associated with balances outstanding under our revolving credit facility and certain lease obligations for production machinery, all of which are priced on a floating rate basis.

We had $3.5 million outstanding under our revolving credit facility at April 30, 2023, bearing interest at floating rates.

We believe that our current exposure to interest rate market risk is not material.

16 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.