−Removed: AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: The Company's principal financial instrument
−Removed: is long-term debt (consisting of a revolving credit facility) that provides for interest based on the prime rate or LIBOR as described
−Removed: in the agreement and the PPP loans which provides for interest at 1%.
−Removed: The Company is affected by market risk exposure primarily
−Removed: through the effect of changes in interest rates on amounts payable by the Company under these credit facilities.
−Removed: All foreign sales transactions by the Company
−Removed: are denominated in U.S.
+Added: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
+Added: The Company's principal financial instrument is long-term debt (consisting of a revolving credit facility) that provides for interest based on the prime rate or LIBOR as described in the agreement and the PPP loans which provides for interest at 1%.
+Added: The Company is affected by market risk exposure primarily through the effect of changes in interest rates on amounts payable by the Company under these credit facilities.
+Added: All foreign sales transactions by the Company are denominated in U.S.
As such, the Company has shifted foreign currency exposure onto its foreign customers.
−Removed: if exchange rates move against foreign customers, the Company could experience difficulty collecting unsecured accounts receivable,
−Removed: the cancellation of existing orders or the loss of future orders.
−Removed: The foregoing could materially adversely affect the Company's
−Removed: business, financial condition and results of operations.
−Removed: We are also exposed to foreign currency risk relative to expenses incurred
−Removed: in Dominican Pesos ("RD$"), the local currency of the Company's production facility in the Dominican Republic.
−Removed: of a 10% strengthening or weakening in the U.S.
−Removed: dollar to the RD$ would result in an annual increase or decrease in income from
−Removed: operations of approximately $700,000.
+Added: As a result, if exchange rates move against foreign customers, the Company could experience difficulty collecting unsecured accounts receivable, the cancellation of existing orders or the loss of future orders.
+Added: The foregoing could materially adversely affect the Company's business, financial condition and results of operations.
+Added: We are also exposed to foreign currency risk relative to expenses incurred in Dominican Pesos ("RD$"), the local currency of the Company's production facility in the Dominican Republic.
+Added: The result of a 10% strengthening or weakening in the U.S.
+Added: dollar to the RD$ would result in an annual increase or decrease in income from operations of approximately $720,000.
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.