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Financial Statements and Supplementary Data” for further discussion regarding pur chase commitments.
+Added: Foreign Translation Risk
+Added: Our consolidated financial statements are expressed in U.S.
+Added: dollars, but, effective January 1, 2021, a portion of our operations is conducted in a currency other than U.S.
+Added: The Canadian dollar is the functional currency of the Company’s foreign subsidiary as it is the primary currency within the economic environment in which the subsidiary operates.
+Added: Changes in the exchange rate can affect our revenues, earnings, and the carrying value of our assets and liabilities in our consolidated balance sheet, either positively or negatively.
+Added: Adjustments resulting from the translation of the subsidiary’s financial statements are reported in other comprehensive income (loss).
+Added: During the years ended December 31, 2022 and 2021, the Company recorded foreign currency translation losses to comprehensive income (loss) of $7.1 million and $0.1 million, respectively.
Financial Statements and Supplementary Data
2 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.