−Removed: Quantitative and qualitative disclosures about market
−Removed: Company’s operations are exposed to market risks primarily as a result of changes in interest rates.
−Removed: The Company does not
−Removed: use derivative financial instruments for speculative or trading purposes.
−Removed: The Company’s exposure to market risk for changes
−Removed: in interest rates relates to its cash equivalents.
−Removed: The Company’s cash equivalents consist of funds invested in money market
−Removed: funds, which bear interest at a variable rate.
+Added: Quantitative and qualitative disclosures about market risk.
+Added: The Company’s operations are exposed to market risks primarily as a result of changes in interest rates.
+Added: The Company does not use derivative financial instruments for speculative or trading purposes.
+Added: The Company’s exposure to market risk for changes in interest rates relates to its cash equivalents.
+Added: The Company’s cash equivalents consist of funds invested in money market funds, which bear interest at a variable rate.
The Company does not participate in interest rate hedging.
−Removed: A change in interest
−Removed: rates earned on the Company’s cash equivalents would impact interest income and cash flows, but would not impact the fair
−Removed: market value of the underlying instruments.
−Removed: Assuming that the balances during fiscal 2020 were to remain constant and that the
−Removed: Company did not act to alter the existing interest rate sensitivity, a hypothetical 1% increase in variable interest rates would
−Removed: have affected interest income by approximately $165,000 .
−Removed: This would result in a net impact on cash of approximately $165,000
−Removed: for fiscal 2020.
+Added: A change in interest rates earned on the Company’s cash equivalents would impact interest income and cash flows but would not impact the fair market value of the underlying instruments.
+Added: Assuming that the balances during fiscal 2021 were to remain constant and that the Company did not act to alter the existing interest rate sensitivity, a hypothetical 1% increase in variable interest rates would have affected interest income by approximately $88,000.
+Added: This would result in a net impact on cash of approximately $88,000 for fiscal 2021.
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.