What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2024-04-01 compared with 2023-03-31 · 9 added, 1 removed, 5 unchanged (67% of the section changed)

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

are exposed to certain market risks from transactions we enter in the normal course of business.

are exposed to certain market risks from transactions we enter into the normal course of business.

Our primary market risk exposure relates

2 unchanged sentences

future interest rate increases could potentially put us at risk for an adverse impact on future earnings and cash flows.

Amex BIP interest rate is paid upon invoice submission at a fixed percentage based on the submission total.

Invoice(s) under $10 cost

2.05%, those between $10 and $200 cost 1.55% of the invoice total, and a submission of invoice or invoices greater than $200 is subject

to a 1.05% cost.

Since MMG submissions average between 10 and 200, our average fee is 1.55% for invoices payable in 90 days, averaging

This translates into an approximate APR of 6.2% which is 5.3% better than our factoring rate given the current prime interest rate

as of March 17, 2024 of 8.5%.

At a DSO of 52, our Factoring APR is approximately 11.5%.

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.