4 unchanged sentences
not hold any mortgaged-backed investments in our investment portfolio.
−Removed: Securities must have a minimum Dun & Bradstreet rating
−Removed: of A for bonds or R1 low for commercial paper.
−Removed: The policy also provides for investment limits on concentrations of securities by
−Removed: issuer and maximum-weighted average time to maturity of twelve months.
+Added: Securities must have a minimum Dun & Bradstreet
+Added: rating of A for bonds or R1 low for commercial paper.
+Added: The policy also provides for investment limits on concentrations of securities
+Added: by issuer and maximum-weighted average time to maturity of twelve months.
This policy applies to all of our financial resources.
−Removed: At December 31, 2019, we had $13.3 million
−Removed: in money market investments and savings accounts as compared to $22.0 million at December 31, 2018;
−Removed: these investments typically
−Removed: have minimal risk.
−Removed: We have not experienced any loss or write down of our money market investments for the years ended
−Removed: December 31, 2019 and 2018.
+Added: December 31, 2020, we had $29.6 million in money market investments and savings accounts as compared to $13.3 million
+Added: at December 31, 2019;
+Added: these investments typically have minimal risk.
+Added: We have not experienced any loss or write
+Added: down of our money market investments for the years ended December 31, 2020 and 2019;
+Added: however, the amounts we hold in money
+Added: market accounts are substantially above the $250,000 amount insured by the FDIC and may lose value.
Our investment policy is to manage investments
5 unchanged sentences
Foreign Currency Exposure
−Removed: We are subject to foreign currency risks as
−Removed: we purchase goods and services which are denominated in Canadian dollars.
−Removed: To date, we have not employed the use of derivative instruments;
+Added: We are subject to foreign currency risks
+Added: as we purchase goods and services which are denominated in Canadian dollars.
+Added: To date, we have not employed the use of derivative
however, we do hold Canadian dollars which we use to pay vendors in Canada and other corporate obligations.
−Removed: At December 31,
−Removed: 2019, we held approximately thirty thousand Canadian dollars.
+Added: December 31, 2020, we held approximately Can$59,000.
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.