Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Item 7A. Quantitative and Qualitative Disclosures About Market Risk .
We are exposed to market risks in the ordinary course of our business. These risks primarily include interest rate sensitivity, which is affected by changes in the general level of the U.S interest rates. As of December 31, 2021, our cash and cash equivalents of $149.1 million included $24.1 million of money market funds that invest in the U.S. Treasury obligations and government funds with commercial banks and financial institutions. Our exposure to interest rate sensitivity is impacted by changes in the underlying U.S. bank interest rates but is minimal. We have not entered into investments for trading or speculative purposes.
Item 8. Financial Statements and Supplementary Data .
Our consolidated financial statements, together with the report of our independent registered public accounting firm, appear beginning on page F-1 of this Annual Report for the year ended December 31, 2021.
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Item 9. Changes in and Disagreements With Acco untants on Accounting and Financial Disclosure.
None.
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