1 unchanged sentence
Interest Rate Risk
−Removed: As of December 31, 2023, we had cash and cash equivalents of $3,980 and $5,000 in short-term investments.
+Added: As of December 31, 2024, we had cash and cash equivalents of $4,666.
The primary objectives of our investment activities are the preservation of capital, the fulfillment of liquidity needs, and the fiduciary control of cash and investments.
We do not enter into investments for trading or speculative purposes.
−Removed: Due to the short-term nature of our investment portfolio, the effect of a hypothetical 100 basis point change in interest rates would not have an effect on the fair market value of our portfolio as of December 31, 2023.
+Added: Due to the short-term nature of our investment portfolio, the effect of a hypothetical 100 basis point change in interest rates would not have a material effect on the fair market value of our portfolio as of December 31, 2024.
We therefore do not expect our results of operations or cash flows to be materially affected by a sudden change in market interest rates.
3 unchanged sentences
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.