−Removed: Quantitative and Qualitative Disclosures about Market Risk
−Removed: Our financial instruments consist
−Removed: of cash and cash equivalents, accounts receivable, deposits, and accounts payable and accrued liabilities.
+Added: and Qualitative Disclosures about Market Risk
+Added: Our financial instruments consist of
+Added: cash and cash equivalents, accounts receivable, deposits, and accounts payable and accrued liabilities.
The fair value of the
3 unchanged sentences
and accounts payable and accrued liabilities.
−Removed: (a) Currency risk
+Added: (e) Currency risk
Currency risk is the risk of a fluctuation
in financial asset and liability settlement amounts due to a change in foreign exchange rates.
−Removed: We operate in the United States
−Removed: Our exposure to currency risk at February 29, 2020 is limited to the Canadian dollar consisting of cash of CDN$540,000,
−Removed: accounts receivable of CDN$49,000 and accounts payable of CDN$865,000.
−Removed: Based on a 10% change in the US-Canadian exchange rate,
−Removed: assuming all other variables remain constant, our net loss would change by approximately $21,000.
−Removed: (b) Credit risk
+Added: The Company operates in the United
+Added: States and Canada.
+Added: The Company’s exposure to currency risk at May 31, 2020 is limited to the Canadian dollar consisting
+Added: of cash of CDN$87,000, accounts receivable of CDN$42,000 and accounts payable of CDN$347,000.
+Added: Based on a 10% change in the US-Canadian
+Added: exchange rate, assuming all other variables remain constant, the Company’s net loss would change by approximately $16,000.
+Added: (f) Credit risk
Credit risk is the risk of an unexpected
4 unchanged sentences
from the Federal Government of Canada and other receivables for recoverable expenses.
−Removed: Our exposure to credit risk is equal to the
−Removed: balance of cash and cash equivalents and accounts receivable as recorded in the financial statements.
−Removed: (c) Liquidity risk
+Added: Our exposure to credit risk is equal to
+Added: the balance of cash and cash equivalents and accounts receivable as recorded in the financial statements.
+Added: (g) Liquidity risk
Liquidity risk is the risk that we will
4 unchanged sentences
financial leverage.
−Removed: Future financing may be obtained through debt financing, equity financing, sales of investments, convertible
+Added: Future financings may be obtained through debt financing, equity financing, sales of investments, convertible
debt, exercise of options, or other means.
1 unchanged sentence
to generate future cash flows.
−Removed: Our contractually obligated cash flow is disclosed under the section titled “Contractual Obligations.”
−Removed: (d) Interest rate risk
+Added: Our contractually obligated cash flow is disclosed under the section titled “Contractual
+Added: Obligations.”
+Added: (h) Interest rate risk
Interest rate risk is the risk that the
2 unchanged sentences
to interest rate risk with respect to interest earned on cash and cash equivalents.
−Removed: Based on balances as at February 29, 2020,
+Added: Based on balances as at May 31,2020,
a 1% change in interest rates would result in a change in net loss of $0.1 million, assuming all other variables remain constant.
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.