5 unchanged sentences
Currently, a key ingredient in our products is stevia extract.
−Removed: We have a two-year agreement effective June 1, 2021 with a large multi-national ingredient company for the supply of stevia on similar terms as our prior agreement with the same ingredient company, including fixed pricing for the duration of the term.
−Removed: The prices of stevia and other ingredients we use are subject to many factors beyond our control, such as market conditions, climate change, supply chain challenges, and adverse weather conditions.
+Added: Our stevia leaf extract is procured by our contract manufacturers and sourced from a large multi-national ingredient company with whom we have a long-standing relationship through a two-year agreement that was entered into effective October 15, 2023 which includes fixed pricing for the duration of the term.
+Added: During 2023, we also tested and approved the use of another stevia leaf extract supplier, whose stevia leaf is derived from a region different than the above supplier.
+Added: We continue to seek to diversity alternative sources of supply to mitigate potential supply disruptions.
+Added: However, there can be no assurance that we will be able to secure alternative sources of supply.
+Added: Additionally, the prices of stevia and other ingredients we use are subject to many factors beyond our control, such as market conditions, climate change, supply chain challenges, and adverse weather conditions.
+Added: Our aluminum cans are procured by our contract manufacturers through various can manufacturers.
The price for aluminum cans also fluctuates depending on market conditions.
−Removed: Our ability to continue to procure enough aluminum cans at reasonable prices will depend on future developments that are highly uncertain.
−Removed: For the year ended December 31, 2022, a hypothetical 10% increase or 10% decrease in the weighted average cost of aluminum would have resulted in an increase of approximately $1.5 million or a decrease of $1.5 million, respectively, to cost of goods sold.
−Removed: We are working to diversify our sources of supply and intend to enter into additional long-term contracts to better ensure stability of prices of our raw materials.
+Added: Our contract manufacturers ability to continue to procure enough aluminum cans at reasonable prices will depend on future developments that are highly uncertain.
+Added: We, along with our contract manufacturers, are working to diversify our sources of supply and intend to enter into additional long-term contracts to better ensure stability of prices of our raw materials.
Foreign Exchange Risk
5 unchanged sentences
dollars using period-end rates of exchange for assets and liabilities, and average rates of exchange for the period for sales and expenses.
−Removed: To the extent we increase sourcing from outside the United States or increase net sales outside of the United States that are denominated in currencies other than the U.S.
+Added: To the extent we increase sourcing from outside the U.S.
+Added: or increase net sales outside of the U.S.
+Added: that are denominated in currencies other than the U.S.
dollar, the impact of changes in exchange rates on our results of operations would increase.
6 unchanged sentences
We are subject to market risks with respect to commodities because our ability to recover increased costs through higher pricing may be limited by the competitive environment in which we operate.
−Removed: Our principal commodities risks relate to our purchases of aluminum, diesel fuel, cartons and corrugate.
+Added: Our principal commodities risks relate to purchases of aluminum, diesel fuel, cartons and corrugate.
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.