3 unchanged sentences
These market risks are principally limited to interest rate fluctuations.
−Removed: We had cash of $202.4 million and $220.0 million as of September 30, 2020 and December 31, 2019, respectively.
+Added: We had cash of $164.7 million and $183.9 million as of March 31, 2021 and December 31, 2020, respectively.
The primary objective of our investment activities is to preserve principal and liquidity while maximizing income without significantly increasing risk.
We do not enter into investments for trading or speculative purposes.
−Removed: Due to the short-term nature of our investment portfolio, we do not believe an immediate 10% increase in interest rates would have a material effect on the fair market value of our portfolio, and, accordingly, we do not expect our operating results or cash flows to be materially affected by a sudden change in market interest rates.
+Added: Due to the short term nature of our investment portfolio and debt agreement, we do not believe an immediate 100 basis point increase in interest rates would have a material effect on the fair market value of our portfolio, and, accordingly, we do not expect our operating results or cash flows to be materially affected by a sudden change in market interest rates.
Foreign Currency Exchange Risk
4 unchanged sentences
To date, we have not incurred any material effects from foreign currency changes on these contracts.
−Removed: We do not believe a 10% change in these currencies on September 30, 2020 would have had a material effect on our results of operations or financial condition.
+Added: We do not believe a 10% change in these currencies on March 31, 2021 would have had a material effect on our results of operations or financial condition.
Inflation Risk
Inflation generally affects us by increasing our cost of labor and pricing of contracts.
−Removed: We do not believe that inflation has had a material effect on our business, financial condition, or results of operations during the nine months ended September 30, 2020.
+Added: We do not believe that inflation has had a material effect on our business, financial condition, or results of operations during the three months ended March 31, 2021.
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.