4 unchanged sentences
Interest Rate Sensitivity
−Removed: Our unrestricted cash and cash equivalents total $129.5 million at June 30, 2021.
+Added: Our unrestricted cash and cash equivalents total $119.2 million at September 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 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.
+Added: As of September 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 June 30, 2021.
+Added: No amounts were drawn under the Credit Facility as of September 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 June 30, 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 September 30, 2021, the effect of a hypothetical 10% change in interest rates would not have any impact on our interest expense.
Foreign Currency Risk
2 unchanged sentences
The impact of changes in foreign currency exchange rates on our operations and cash flows may be difficult or impossible to quantify.
−Removed: Investment in Non-Marketable Debt and Equity Securities
−Removed: We own investments in a non-marketable available-for-sale debt security and non-marketable equity securities without readily determinable fair values.
−Removed: To analyze the fair value measurement of these debt securities, we perform a qualitative analysis using significant unobservable inputs.
−Removed: Significant changes to the unobservable inputs may result in a significantly higher or lower fair value estimate.
+Added: Investment in Non-Marketable Equity Securities
+Added: We own investments in non-marketable equity securities without readily determinable fair values.
We may value these equity securities based on significant recent arms-length equity transactions with sophisticated non-strategic unrelated investors, providing the terms of these security transactions are substantially similar to the security transactions terms between the investors and us.
1 unchanged sentence
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.