4 unchanged sentences
Interest Rate Sensitivity
−Removed: Our unrestricted cash and cash equivalents total $139.7 million at March 31, 2021.
+Added: Our unrestricted cash and cash equivalents total $129.5 million at June 30, 2021.
We primarily invest these amounts in money market funds which are held for working capital purposes.
We do not enter into investments for trading or speculative purposes.
−Removed: As of March 31, 2021, the effect of a hypothetical 10% decrease in market interest rates would have an immaterial impact on a potential loss in future interest income and cash flows.
+Added: As of June 30, 2021, the effect of a hypothetical 10% decrease in market interest rates would have an immaterial impact on a potential loss in future interest income and cash flows.
In June 2017, we entered into a Credit Facility with Western Alliance Bank consisting of term loans up to $10.0 million, and advances under a revolving line of credit up to $5.0 million.
2 unchanged sentences
Increases in these variable interest rates will increase our future interest expense and decrease our results of operations and cash flows.
−Removed: No amounts were drawn under the Credit Facility as of March 31, 2021.
+Added: No amounts were drawn under the Credit Facility as of June 30, 2021.
Our exposure to interest rates risk relates to our 2017 Credit Facility with variable interest rates, where an increase in interest rates may result in higher borrowing costs.
−Removed: Since we have no outstanding borrowings under our 2017 Credit Facility as of March 31, 2021, the effect of a hypothetical 10% change in interest rates would not have any impact on our interest expense.
+Added: Since we have no outstanding borrowings under our 2017 Credit Facility as of June 30, 2021, the effect of a hypothetical 10% change in interest rates would not have any impact on our interest expense.
Foreign Currency Risk
3 unchanged sentences
Investment in Non-Marketable Debt and Equity Securities
−Removed: We own investments in non-marketable available-for-sale debt security and non-marketable equity securities without readily determinable fair values.
+Added: We own investments in a non-marketable available-for-sale debt security and non-marketable equity securities without readily determinable fair values.
To analyze the fair value measurement of these debt securities, we perform a qualitative analysis using significant unobservable inputs.
3 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.