14 unchanged sentences
We are exposed to foreign currency exchange rate risk as a result of entering into operating transactions denominated in currencies other than the functional currency of our subsidiaries, particularly in relation to our monetary assets and liabilities relating to intercompany transactions, supplier liabilities and the translation of foreign cash balances.
−Removed: Operating transaction foreign currency gains and losses are included in the determination of net income in our statements of operations.
+Added: Operating transaction foreign currency gains and losses are included in the determination of net loss in our statements of operations.
We monitor our exposure to foreign currency exchange rate risk.
4 unchanged sentences
This means that a change in prevailing interest rates may cause the principal amount of such investments to fluctuate.
−Removed: To minimize this risk, we maintain our portfolio of cash, cash equivalents which is invested in a variety of short term securities, including money market funds and investments in highly liquid U.S.
+Added: To minimize this risk, we maintain our portfolio of cash, cash equivalents and short-term investments which are invested in a variety of short term securities, including money market funds and investments in U.S.
treasury securities.
4 unchanged sentences
As of December 31, 2022, the principal balance payable was $520 million, the outstanding principal balance is subject to a variable interest rate from February 15, 2023.
−Removed: As of March 7, 2023, the principal balance payable was $100 million.
−Removed: For all applicable periods following the February 15, 2023, interest shall accrue on the outstanding principal balance at the United States prime interest rate, as reported in the Wall Street Journal, plus 50 basis points, as adjusted monthly, for three months immediately following February 15, 2023, and thereafter at the United States prime rate plus 300 basis points, as adjusted monthly.
+Added: As of December 31, 2023, the principal balance outstanding was $100.0 million.
+Added: For all applicable periods following February 15, 2023, interest accrued on the outstanding principal balance at the United States prime interest rate, as reported in the Wall Street Journal, plus 50 basis points, as adjusted monthly, for three months immediately following February 15, 2023, and thereafter at the United States prime rate plus 300 basis points, as adjusted monthly.
+Added: On February 17, 2024 the Duggan February Note was amended to extend the maturity date from September 6, 2024 to April 1, 2025.
+Added: For all applicable periods commencing February 17, 2024, interest shall accrue on the outstanding principal balance at the greater of 12% or the US prime interest rate, as reported in the Wall Street Journal plus 350 basis points, as adjusted monthly, compounded quarterly.
+Added: Interest shall be paid upon maturity of the loan.
We consider all of our material counterparties to be creditworthy.
We consider the credit risk for each of our counterparties to be low and do not have a significant concentration of credit risk at any of our counterparties.
−Removed: We have a $5.8 million of research and development tax credits outstanding at December 31, 2022.
−Removed: Given that these receivables related to U.K.
+Added: We have $1.8 million of research and development tax credits outstanding at December 31, 2023.
+Added: Given that these receivables relate to U.K.
research and development tax credit cash rebate regimes and given our history of collection, it is highly unlikely that these amounts will not be collected.
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.