8 unchanged sentences
Such interest-earning instruments carry a degree of interest rate risk.
−Removed: Our 2022 Convertible Note bore a fixed interest rate, and therefore was not subject to interest rate risk.
Our investment policy is focused on the preservation of capital and supporting our liquidity needs.
2 unchanged sentences
Our concentration of credit risk is determined by evaluating each customer and each vendor that accounts for more than 10% of our accounts receivable and accounts payable, respectively.
−Removed: As of December 31, 2023, there were four customers each accounting for 10% or more of our accounts receivable and one vendor accounting for 10% or more of our accounts payable.
+Added: As of December 31, 2024, there were three customers each accounting for 10% or more of our accounts receivable and one vendor accounting for 10% or more of our accounts payable.
We perform credit evaluations as needed and generally do not require collateral for our customers.
We analyze accounts receivable, historical percentages of uncollectible accounts, and changes in payment history when evaluating the adequacy of the allowance for doubtful accounts for potential credit losses on customers’ accounts.
−Removed: For the twelve months ended December 31, 2023 and 2022, we did not have any write-offs and recorded a $35 and $0 provision for expected credit losses, respectively.
+Added: For the years ended December 31, 2024 and 2023, we wrote off $70 and $0, respectively, and recorded a $35 and $35 provision for expected credit losses, respectively.
Foreign Currency Exchange Risk
−Removed: Our foreign currency exchange gains and losses have been generated primarily from fluctuations in the euro versus the US dollar, and the Japanese yen versus the US dollar.
−Removed: The functional currency of all our entities is the US dollar.
+Added: Our foreign currency exchange gains and losses have been generated primarily from fluctuations in the euro versus the U.S.
+Added: dollar, and the Japanese yen versus the U.S.
+Added: The functional currency of all our entities is the U.S.
Monetary assets and liabilities and transactions denominated in currencies other than an entity’s functional currency are remeasured into its functional currency using current exchange rates, whereas non-monetary assets and liabilities are remeasured using historical exchange rates.
4 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.