7 unchanged sentences
To date, the Company has not utilized interest rate hedging or other strategies in an attempt to mitigate our interest rate risk.
−Removed: A hypothetical 10% change in interest rates during the three months ended March 31, 2026 would have had a neutral net impact on our unaudited Condensed Consolidated Financial Statements, as changes in amounts paid for interest expense would have offset changes in interest income earned on cash balances.
+Added: A hypothetical 10% change in interest rates during the three and six months ended June 30, 2026 would have had a neutral net impact on our unaudited Condensed Consolidated Financial Statements, as changes in amounts paid for interest expense would have offset changes in interest income earned on cash balances.
Foreign Exchange Risk
2 unchanged sentences
However, we are exposed to limited foreign exchange risk as a result of our U.K.
−Removed: The foreign exchange (loss) gain for the three months ended March 31, 2026 and 2025 were $(67,516) and $495,538, respectively.
+Added: The foreign exchange (loss) gain for the three months ended June 30, 2026 and 2025 were $(23,730) and $927,462, respectively, and $(91,246) and $1,423,000 for the six months ended June 30, 2026 and 2025, respectively.
We have not utilized hedging or other strategies with respect to such foreign exchange exposure.
This limited foreign currency translation risk is not expected to have a material impact on our unaudited Condensed Consolidated Financial Statements.
−Removed: A hypothetical 10% change in the applicable foreign exchange rate during the three months ended March 31, 2026 would have resulted in a change in total revenues of approximately 1.9% and a change in total assets of approximately 0.7%.
+Added: A hypothetical 10% change in the applicable foreign exchange rate during the six months ended June 30, 2026 would have resulted in a change in total revenues of approximately 1.9% and a change in total assets of approximately 0.3%.
Concentrations of Risk
Our financial instruments that are exposed to concentrations of credit risks primarily consist of cash, cash equivalents, restricted cash, restricted cash equivalents, restricted investments, and accounts receivable.
−Removed: We attempt to minimize concentration of credit risk by maintaining our cash and restricted cash with institutions of sound financial quality.
+Added: We attempt to minimize
+Added: concentration of credit risk by maintaining our cash and restricted cash with institutions of sound financial quality.
At times, cash balances may exceed limits federally insured by the Federal Deposit Insurance Corporation.
2 unchanged sentences
treasury securities and corporate bonds, all of which have credit ratings of “A” or above.
−Removed: We had two customers each accounted for approximately 10% of revenues for the three months ended March 31, 2026, and one customer that accounted for approximately 47% of revenues for the three months ended March 31, 2025.
−Removed: As of March 31, 2026, the Company had two customers that accounted for approximately 23% and 10%, respectively, of net accounts receivable.
+Added: We had two customers which accounted for approximately 13% and 11%, respectively, of revenues for the three months ended June 30, 2026, and one customer that accounted for approximately 34% of revenues for the three months ended June 30, 2025.
+Added: We had two customers that accounted for approximately 11% and 10%, respectively, of revenues for the six months ended June 30, 2026, one of which is the same customer that accounted for approximately 42% of revenues for the six months ended June 30, 2025.
+Added: As of June 30, 2026,we had two customers that accounted for approximately 16% and 14%, respectively, of net accounts receivable.
As of December 31, 2025, we had two customers that accounted for approximately 23% and 12%, respectively, of net accounts receivable.
2 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.