1 unchanged sentence
Foreign Currency Exchange Rate Risk
−Removed: The functional currency for all of our operations is the U.S.
−Removed: dollar, and our sales are transacted in the U.S.
−Removed: A portion of our operating expenditures and capital purchases, and certain assets and liabilities, are incurred in or exposed to Chinese yuan;
−Removed: however, a substantial majority of our operations and investment activities are transacted in the U.S., and therefore our foreign currency risk is not material at this date.
−Removed: Therefore, we do not currently enter into hedging arrangements to minimize the impact of foreign currency fluctuations on our operations.
−Removed: We import component products for resale from foreign countries.
−Removed: As a result, any significant or sudden change in the financial, banking or currency policies and practices of these countries could have a material adverse impact on our financial position, results of operations and cash flows.
+Added: The majority of our sales and our expenses are denominated in U.S.
+Added: Since we operate in the PRC, a percentage of our sales and operational expenses are denominated in RMB and exchange volatility could positively or
+Added: negatively impact those operating costs.
+Added: Additionally, we may hold certain assets and liabilities in local currency on our consolidated balance sheet.
+Added: As the sales and operational expenses in RMB is immaterial, we do not believe that foreign exchange volatility has a material impact on our current business or results of operations.
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.