4 unchanged sentences
Securities must have a minimum Dun & Bradstreet rating 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: The policy also provides for investment limits on concentrations of securities by issuer and a maximum-weighted average time to maturity of twelve months.
This policy applies to all of our financial resources.
−Removed: At June 30, 2022, we had $14,637 in money market investments and savings accounts as compared to $21,018 at December 31, 2021;
+Added: At September 30, 2022, we had $29,314 in money market investments and savings accounts as compared to $21,018 at December 31, 2021;
these investments typically have minimal risk.
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: Variable Interest Rate Risk
+Added: We are subject to interest rate fluctuation exposure through our borrowings under the SPA and our investment in money market accounts, both of which bear a variable interest rate.
+Added: Borrowings under the SPA bear an interest rate of prime plus 4.5%.
+Added: Payment-in-kind interest is also variable and accrues at a rate of prime plus 3.5%.
+Added: Increases in interest rates may adversely affect our ability to meet our obligations.
Foreign Currency Exposure
2 unchanged sentences
however, we do hold Canadian dollars which we use to pay vendors in Canada and other corporate obligations.
−Removed: At June 30, 2022, we held approximately $49 Canadian dollars ($37 as presented to U.S.
+Added: At September 30, 2022, we held approximately $45 Canadian dollars ($33 as presented to U.S.
At December 31, 2021, we held approximately $43 Canadian dollars ($34 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.