4 unchanged sentences
We do not believe that we have any material exposure to changes in the fair value of these investments as a result of changes in interest rates due to their short-term nature.
−Removed: However, $10.4 million of these funds are held in German bank accounts that were earning between 2%-3.25% interest as of December 31, 2023.
Decreases or increases in interest rates, however, will reduce or increase future investment income, respectively, to the extent we have funds available for investment.
10 unchanged sentences
Foreign currency transaction gains and losses related to long-term intercompany loans that are payable in the foreseeable future are recorded in Other Income (Expense).
−Removed: Our German subsidiary is currently a significant portion of our business and, accordingly, a change of 10% in the currency exchange rates, primarily the euro, could have a material impact on their financial position or results of operations.
+Added: Our German subsidiary is currently a significant portion of our business and, accordingly, a change of 10% in the currency exchange rates, primarily the Euro, could have a material impact on our financial position or results of operations.
Although operating in local currencies may limit the impact of currency rate fluctuations on the results of operations of our German and Australian subsidiaries, rate fluctuations may impact the consolidated financial position as the assets and liabilities of our foreign operations are translated into U.S.
dollars in preparing our consolidated balance sheets.
−Removed: December 31, 2023, our German and Australian subsidiaries had net current liabilities (defined as current assets less current liabilities), subject to foreign currency translation risk, of $5.9 million.
+Added: As of December 31, 2024, our German and Australian subsidiaries had net current assets (defined as current assets less current liabilities), subject to foreign currency translation risk, of $2.6 million.
An increase of approximately $0.3 million in net current liabilities would result as of December 31 2024, from a hypothetical 10% adverse change in quoted foreign currency exchange rates, primarily due to the euro.
6 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.