What changed in this filing

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

2021-05-13 compared with 2020-11-16 · 29 added, 27 removed, 10 unchanged (85% of the section changed)

and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures

about Market Risk

Money Market Investments

1 unchanged sentence

or Canadian obligations and bank securities and money market investments in compliance with our investment policy.

do not hold any mortgaged-backed investments in our investment portfolio.

Securities must have a minimum Dun & Bradstreet

rating of A for bonds or R1 low for commercial paper.

The policy also provides for investment limits on concentrations of securities

by issuer and maximum-weighted average time to maturity of twelve months.

We do not hold

any mortgaged-backed investments in our investment portfolio.

Securities must have a minimum Dun & Bradstreet rating of A for bonds

or R1 low for commercial paper.

The policy also provides for investment limits on concentrations of securities by issuer and maximum-weighted

average time to maturity of twelve months.

This policy applies to all of our financial resources.

At September 30, 2020, we had $33,166

in money market investments and savings accounts as compared to $13,303 at December 31, 2019;

these investments typically

have minimal risk.

The financial markets had been volatile resulting in concerns regarding the recoverability of money market

investments, but those conditions have stabilized.

We have not experienced any loss or write down of our money market investments

since inception.

At March 31, 2021, we had $26,083 in money market

investments and savings accounts as compared to $29,666 at December 31, 2020;

these investments typically have minimal risk.

financial markets had been volatile resulting in concerns regarding the recoverability of money market investments, but those conditions

have stabilized.

While we have never experienced any loss or write down of our money market investments since our inception, the

amounts we hold in money market accounts are substantially above the $250,000 amount insured by the FDIC and may lose value.

Our investment policy is to manage investments

to achieve, in the order of importance, the financial objectives of preservation of principal, liquidity and return on investment.

Investments may be made in U.S.

may be made in U.S.

or Canadian obligations and bank securities, commercial paper of U.S.

or Canadian industrial companies,

utilities, financial institutions and consumer loan companies, and securities of foreign banks provided the obligations are guaranteed

or carry ratings appropriate to the policy.

Securities must have a minimum Dun & Bradstreet rating of A for bonds or

R1 low for commercial paper.

The policy also provides for investment limits on concentrations of securities by issuer and maximum-weighted

average time to maturity of twelve months.

or Canadian industrial companies, utilities,

financial institutions and consumer loan companies, and securities of foreign banks provided the obligations are guaranteed or carry ratings

appropriate to the policy.

Securities must have a minimum Dun & Bradstreet rating of A for bonds or R1 low for commercial paper.

policy also provides for investment limits on concentrations of securities by issuer and maximum-weighted average time to maturity of

twelve months.

This policy applies to all of our financial resources.

Foreign Currency Exposure

We are subject to foreign currency risks

as we purchase goods and services which are denominated in Canadian dollars.

To date, we have not employed the use of derivative

We are subject to foreign currency risks as we

purchase goods and services which are denominated in Canadian dollars.

To date, we have not employed the use of derivative instruments;

however, we do hold Canadian dollars which we use to pay vendors in Canada and other corporate obligations.

September 30, 2020, the Company held approximately $14 thousand Canadian dollars ($11 thousand as presented to U.S.

At December 31, 2019, the Company held approximately $30 thousand Canadian dollars ($24 thousand as presented into U.S.

At March 31, 2021, we

held approximately $43 thousand Canadian dollars ($34 thousand as presented to U.S.

At December 31, 2020, we held approximately

$58 thousand Canadian dollars ($45 thousand as presented into U.S.

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.

What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk