2 unchanged sentences
Market risk represents the risk of loss that may impact our financial position due to adverse changes in financial market prices and rates.
−Removed: Our market risk exposure is primarily the result of fluctuations in interest rates and foreign currency exchange rates.
−Removed: Interest Rate Risk
−Removed: The Company has exposure to interest rate risk, primarily in the form of variable-rate borrowings.
−Removed: Refer to "Liquidity and Capital Resources" in "Item 7.
−Removed: Management's Discussion and Analysis of Financial Condition and Results of Operations".
−Removed: As of December 31, 2023, the Company had total borrowings of $100.0 million outstanding with an interest rate of 14.0%.
−Removed: With all other variables remaining constant, an increase in the short-term interest rate of 1 percent would result in an increase in the annual interest expense of approximately $1.0 million.
−Removed: Refer to Note 9:
−Removed: Convertible Notes and Note Payable for additional information related to the Company’s debt.
+Added: Our market risk exposure is primarily the result of fluctuations in foreign currency exchange rates.
Foreign Exchange Risk
−Removed: Our consolidated financial statements are presented in U.S.
+Added: Ou r financial statements are presented in U.S.
dollars, which is also the functional currency for our foreign operations.
−Removed: Where transactions may be denominated in foreign currencies, we are subject to market risk with respect to fluctuations in the relative value of currencies.
−Removed: We recorded exchange rate losses of approximately $0.5 million and $0.7 million during the years ended December 31, 2023 and 2022, respectively.
+Added: Where transactions may be denominated in foreign currencies, we are subject to market risk with respect to fluctuations in
+Added: the relative value of currencies.
+Added: During the years ended December 31, 2024 and December 31, 2023, we recorded the exchange rate losses of approximately $0.7 million and $0.5 million, respectively.
We do not believe that an immediate 10% increase or decrease in the relative value of the U.S.
1 unchanged sentence
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.