RISKS AND UNCERTAINTIES

12 Months Ended

Dec. 31, 2023

Concentration Risk

The tables below show customers who account for 10% or more of the Company’s total revenues and 10% or more of the Company’s accounts receivable for the periods presented:

Customers exceeding 10% of revenue


	For the Year Ended December 31,
	2023		2022
Customers Exceeding 10% of Revenue/$:
C000001462	*		10	%
C000001140	*		13	%
C000002187	28	%	17	%
C000002463	15	%	*
	43	%	40	%

Customers exceeding 10% of accounts receivable


	For the Year Ended December 31,
	2023		2022
C000002151	*		10	%
C000002187	57	%	24	%

The table below shows vendors who account for 10% or more of the Company’s total purchases and 10% or more of the Company’s accounts payable for the periods presented:

Vendors exceeding 10% of purchases


	For the Year Ended December 31,
	2023		2022
V000001029	*		13	%
V000002275	11	%	*

Vendors exceeding 10% of accounts payable:


	For the Year Ended December 31,
	2023		2022
V000002275	13	%	*
V000001910	*		11	%

Foreign Exchange Risk

Although our revenues and expenses are expected to be predominantly denominated in United States dollars, we may be exposed to currency exchange fluctuations. Recent events in the global financial markets have been coupled with increased volatility in the currency markets. Fluctuations in the exchange rate between the U.S. dollar, the Canadian dollar, the Euro, and the currency of other regions in which we may operate may have a material adverse effect on our business, financial condition and operating results. We may, in the future, establish a program to hedge a portion of our foreign currency exposure with the objective of minimizing the impact of adverse foreign currency exchange movements. However, even if we develop a hedging program, it may not mitigate currency risks.