What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2023-02-14 compared with 2022-08-12 · 1 added, 1 removed, 9 unchanged (18% of the section changed)

8 unchanged sentences

A change in interest rates earned on the cash equivalents would impact interest income and cash flows but would not impact the fair market value of the related underlying instruments.

Assuming that the balances during the three-month period ended June 30, 2022 were to remain constant and 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 $26,200 and $63,700 with a resulting impact on cash flows of approximately $26,200 and $63,700 for the three- and nine-month periods ended June 30, 2022.

Assuming that the balances during the three-month period ended December 31, 2022 were to remain constant and 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 $40,300 with a resulting impact on cash flows of approximately $40,300 for the three-month period ended December 31, 2022.

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.