6 unchanged sentences
Because our investments are primarily short-term in duration, we believe that this exposure to interest rate risk is not significant, and a 1% movement in market interest rates would not have a significant impact on the total value of our portfolio.
−Removed: Index to Financial Statement s
In addition, as of December 31, 2025, we had $100.0 million outstanding under our Loan Agreement.
6 unchanged sentences
It is difficult to predict the effect that future hedging activities would have on our operating results.
−Removed: We are exposed to foreign currency exchange risk as our Canadian subsidiary operates with the Canadian dollar as its functional currency.
The majority of our transactions occur in U.S.
+Added: dollars, however, we are exposed to foreign currency exchange risk as our Canadian subsidiary operates with the Canadian dollar as its functional currency.
The fluctuation in the value of the U.S.
dollar against the Canadian dollar affects the reported amounts of expenses, assets and liabilities.
−Removed: If we expand our international operations our exposure to exchange rate fluctuations will increase.
−Removed: At December 31, 2024 we had cash balances denominated in Canadian dollars of $4.4 million.
+Added: If we would expand our international operations, our exposure to exchange rate fluctuations may increase.
+Added: As of December 31, 2025, we had cash balances denominated in Canadian dollars of $8.0 million.
We currently do not hedge any foreign currency exposure.
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.