Quantitative and Qualitative Disclosures About Market Risk.
+Added: As a “smaller reporting company” as defined by Item 10 of Regulation S-K,
+Added: the Company is not required to provide the information required by this item.
We are exposed to market risk related to changes in interest rates.
−Removed: As of June 30, 2021, our cash and cash equivalents totaled $68.8 million.
−Removed: As of June 30, 2021, our cash equivalents consisted of interest-bearing checking accounts and money market funds.
+Added: As of September 30, 2021, our cash and cash equivalents totaled $135.8 million and our marketable securities totaled $94.1 million.
+Added: As of September 30, 2021, our cash equivalents consisted of interest-bearing checking accounts and money market funds and our marketable securities are comprised of commercial paper, asset-backed securities, U.S.
+Added: treasury securities and short-term highly liquid, high credit quality corporate debt securities.
Our primary exposure to market risk is interest rate sensitivity, which is affected by changes in the general level of U.S.
2 unchanged sentences
Inflation generally affects us by increasing our costs.
−Removed: We do not believe that inflation had a material effect on our business, financial condition or results of operations during the six months ended June 30, 2021 and 2020.
+Added: We do not believe that inflation had a material effect on our business, financial condition or results of operations during the nine months ended September 30, 2021 and 2020.
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.