1 unchanged sentence
Interest Rate Sensitivity
−Removed: Our unrestricted cash and cash equivalents total $65.1 million at December 31, 2023.
−Removed: We primarily invest these amounts in money market funds which are held for working capital purposes.
+Added: Our unrestricted cash, cash equivalents, and short-term investments in marketable securities tot al $73.5 million as of December 31, 2024.
+Added: We primarily invest these amounts in money market funds and short-term debt which are held for working capital purposes.
We do not enter into investments for trading or speculative purposes.
As of December 31, 2024, the effect of a hypothetical 10% decrease in market interest rates would have an $0.3 million impact on a potential loss in future interest income and cash flows.
+Added: We are also exposed to market risk from changes in interest rates as a result of our indebtedness under the Innovatus Loan.
+Added: At December 31, 2024, we had $30.0 million principal amount outstanding under the Innovatus Loan.
+Added: The floating per annum interest rate of the Innovatus Loan is equal to the sum of (a) the greater of (i) prime rate published in the Money Rates section of the Wall Street Journal and (ii) 7.50% , plus (b) 3.25%;
+Added: provided that, at the election of the Company, up to 2.00% of such rate shall be payable in-kind until the third anniversary of the closing date.
+Added: An immediate 10% change in the prime interest rate would result in a $0.2 million impact on our results of operations over the next twelve months from December 31, 2024.
Foreign Currency Risk
3 unchanged sentences
Our most significant foreign currency exposure is due to non-functional currency denominated monetary assets, primarily currencies denominated in other than their functional currency.
−Removed: 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.
+Added: These non-functional currency denominated monetary assets are subject to re-measurement which may create fluctuations in interest and other expense, net, a component in our consolidated statement of operations and in the fair value of the assets in the consolidated balance sheets.
As of December 31, 2024, 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 $40 thousand.
4 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.