1 unchanged sentence
Interest rate risk
−Removed: We are exposed to market risk related to changes in interest rates applicable to our investment portfolio of cash equivalents and short-term and long-term investments.
−Removed: As of March 31, 2021, our cash equivalents consisted of money market funds.
−Removed: As of March 31, 2021, our short-term investments consisted of U.S.
+Added: We are exposed to market risk related to changes in interest rates applicable to our investment portfolio of cash equivalents and short-term investments.
+Added: As of June 30, 2021, our cash equivalents consisted of money market funds.
+Added: As of June 30, 2021, our short-term investments consisted of U.S.
Treasury securities.
4 unchanged sentences
The potential change in fair value from interest-rate-sensitive instruments has been assessed on a hypothetical 100 basis point adverse movement across all maturities.
−Removed: As of March 31, 2021, we estimate that a hypothetical 100 basis point adverse movement would not result in a material impact on our financial position or results of operations or cash flows.
−Removed: As of March 31, 2021, we had no debt outstanding, besides short-term payables arising in the normal course of business, and are therefore not exposed to interest rate risk with respect to debt.
+Added: As of June 30, 2021, we estimate that a hypothetical 100 basis point adverse movement would not result in a material impact on our financial position or results of operations or cash flows.
+Added: As of June 30, 2021, we had no debt outstanding, besides short-term payables arising in the normal course of business, and are therefore not exposed to interest rate risk with respect to debt.
Foreign currency exchange risk
We have employees and operations, including contracts with third-party vendors, in Europe through our subsidiary Aligos Belgium BVBA.
−Removed: We have similar, but more limited, operations in Australia.
+Added: We have similar, but more limited, operations in Australia and China.
Though the functional currency in these locations is the U.S.
−Removed: dollar, we remeasure transactions initially recorded in local currencies in these locations, the Euro and Australian dollar, respectively, to the U.S.
+Added: dollar, we remeasure transactions initially recorded in local currencies in these locations, the Euro, Australian dollar and Chinese yuan, respectively, to the U.S.
dollars periodically.
6 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.