Quantitative and Qualitative Disclosures About Market Risk
−Removed: Quantitative and Qualitative Disclosures About Market Risk
We are exposed to market risks in the ordinary course of our business.
6 unchanged sentences
Such interest-earning instruments carry a degree of interest rate risk.
+Added: Our 2022 Convertible Note bears a fixed interest rate, and therefore is 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, 2021, there was one customer accounting for 10% or more of our accounts receivable and two vendors each accounting for 10% or more of our accounts payable.
+Added: As of December 31, 2022, there were four customers each accounting for 10% or more of our accounts receivable and two vendors each accounting for 10% or more of our accounts payable.
We perform credit evaluations as needed and generally do not require collateral for our customers.
10 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.