4 unchanged sentences
Interest Rate Sensitivity
−Removed: Our unrestricted cash and cash equivalents tot al $94.3 million as of March 31, 2022.
+Added: Our unrestricted cash and cash equivalents total $90.1 million at June 30, 2022.
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, 2022, the effect of a hypothetical 10% decrease in market interest rates would have a $17 thousand impact on a potential loss in future interest income and cash flows.
+Added: As of June 30, 2022, the effect of a hypothetical 10% decrease in market interest rates would have a $0.1 million 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: Our right to take draws on the long term debt expired on December 31, 2021 and no amounts were drawn under the Credit Facility as of March 31, 2022.
+Added: Our right to take draws on the long term debt expired on December 31, 2021 and no amounts were drawn under the Credit Facility as of June 30, 2022.
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, 2022, 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, 2022, the effect of a hypothetical 10% change in interest rates would not have any impact on our interest expense.
Foreign Currency Risk
4 unchanged sentences
These non-functional currency denominated monetary assets are subject to re-measurement which may create fluctuations in other expense, net, a component in our consolidated statement of operations and in the fair value of the assets in the consolidated balance sheets.
−Removed: As of March 31, 2022, the effect of a hypothetical 10% unfavorable change in exchange rates on currencies denominated in other than their functional currency would result in a potential loss in future earnings in our consolidated statement of operations and a reduction in the fair value of the assets of approximate ly $46 thousand.
+Added: As of June 30, 2022, the effect of a hypothetical 10% unfavorable change in exchange rates on currencies denominated in other than their functional currency would result in a potential loss in future earnings in our consolidated statement of operations and a reduction in the fair value of the assets of approximately $44 thousand.
Investment in Non-Marketable Equity Securities
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.