1 unchanged sentence
Interest rate sensitivity
−Removed: We had cash and
−Removed: cash equivalents totaling $117,914 as of December 31, 2020.
−Removed: These amounts are invested primarily in demand deposit accounts and
−Removed: money market funds.
−Removed: We consider all highly liquid debt instruments purchased with a maturity of three months or less and SEC-registered
−Removed: money market mutual funds to be cash equivalents.
−Removed: The primary objectives of our investing activities are capital preservation,
−Removed: meeting our liquidity needs and, with respect to investing client funds, generating interest income while maintaining the safety
−Removed: of principal.
−Removed: We do not enter into investments for trading or speculative purposes.
+Added: We had cash and cash
+Added: equivalents totaling $6,345,291 as of December 31, 2021.
+Added: These amounts are invested primarily in demand deposit accounts and money market
+Added: We consider all highly liquid debt instruments purchased with a maturity of three months or less and SEC-registered money market
+Added: mutual funds to be cash equivalents.
+Added: The primary objectives of our investing activities are capital preservation, meeting our liquidity
+Added: needs and, with respect to investing client funds, generating interest income while maintaining the safety of principal.
+Added: We do not enter
+Added: into investments for trading or speculative purposes.
Our cash equivalents
are subject to market risk due to changes in interest rates.
−Removed: The market value of fixed rate securities may be adversely affected
−Removed: due to a rise in interest rates, while floating rate securities may produce less income than expected if interest rates fall.
−Removed: Due in part to these factors, our future investment income may fall short of expectations due to changes in interest rates, or
−Removed: we may suffer losses in principal if we are forced to sell securities that decline in market value due to changes in interest
+Added: The market value of fixed rate securities may be adversely affected due to
+Added: a rise in interest rates, while floating rate securities may produce less income than expected if interest rates fall.
+Added: Due in part to
+Added: these factors, our future investment income may fall short of expectations due to changes in interest rates, or we may suffer losses in
+Added: principal if we are forced to sell securities that decline in market value due to changes in interest rates.
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.