−Removed: Quantitative and Qualitative Disclosures
−Removed: about Market Risk
+Added: Quantitative and Qualitative Disclosures about Market Risk
Money Market Investments
−Removed: We maintain an investment portfolio consisting
+Added: We maintain an investment portfolio consisting of U.S.
or Canadian obligations and bank securities and money market investments in compliance with our investment policy.
−Removed: We do not hold
−Removed: any mortgaged-backed investments in our investment portfolio.
−Removed: Securities must have a minimum Dun & Bradstreet rating of A for bonds
−Removed: or R1 low for commercial paper.
−Removed: The policy also provides for investment limits on concentrations of securities by issuer and maximum-weighted
−Removed: average time to maturity of twelve months.
+Added: We do not hold any mortgaged-backed investments in our investment portfolio.
+Added: Securities must have a minimum Dun & Bradstreet rating of A for bonds or R1 low for commercial paper.
+Added: 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.
−Removed: At March 31, 2021, we had $26,083 in money market
−Removed: investments and savings accounts as compared to $29,666 at December 31, 2020;
+Added: At June 30, 2021, we had $26,895 in money market investments and savings accounts as compared to $29,666 at December 31, 2020;
these investments typically have minimal risk.
−Removed: financial markets had been volatile resulting in concerns regarding the recoverability of money market investments, but those conditions
−Removed: have stabilized.
−Removed: While we have never experienced any loss or write down of our money market investments since our inception, the
−Removed: amounts we hold in money market accounts are substantially above the $250,000 amount insured by the FDIC and may lose value.
−Removed: Our investment policy is to manage investments
−Removed: to achieve, in the order of importance, the financial objectives of preservation of principal, liquidity and return on investment.
−Removed: may be made in U.S.
+Added: The financial markets had been volatile resulting in concerns regarding the recoverability of money market investments, but those conditions have stabilized.
+Added: 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 amount insured by the FDIC and may lose value.
+Added: 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.
+Added: Investments may be made in U.S.
or Canadian obligations and bank securities, commercial paper of U.S.
−Removed: or Canadian industrial companies, utilities,
−Removed: financial institutions and consumer loan companies, and securities of foreign banks provided the obligations are guaranteed or carry ratings
−Removed: appropriate to the policy.
+Added: 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.
−Removed: policy also provides for investment limits on concentrations of securities by issuer and maximum-weighted average time to maturity of
−Removed: twelve months.
+Added: 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.
Foreign Currency Exposure
−Removed: We are subject to foreign currency risks as we
−Removed: purchase goods and services which are denominated in Canadian dollars.
+Added: 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.
−Removed: At March 31, 2021, we
−Removed: held approximately $43 thousand Canadian dollars ($34 thousand as presented to U.S.
−Removed: At December 31, 2020, we held approximately
−Removed: $58 thousand Canadian dollars ($45 thousand as presented into U.S.
+Added: At June 30, 2021, we held approximately $8 Canadian dollars ($6 as presented to U.S.
+Added: At December 31, 2020, we held approximately $30 Canadian dollars ($24 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.