2 unchanged sentences
The risk associated with fluctuating interest rates is primarily limited to our cash equivalents which are carried at quoted market prices and our short-term investments.
−Removed: If overall interest rates had decreased by 100 basis points during the year ended December 31, 2019, our interest income would have decreased by approximately $1.6 million.
We do not currently use or plan to use financial derivatives in our investment portfolio.
The interest rate for our outstanding debt is variable.
−Removed: If overall interest rates had increased by 100 basis points during the year ended December 31, 2019 our interest expense would have increased by approximately $0.4 million.
−Removed: As of December 31, 2019 and 2018, our cash, cash equivalents, and investments were maintained with one financial institution in the U.S.
−Removed: We believe this institution has sufficient assets and liquidity to conduct its operations in the ordinary course of business with little or no credit risk to us, however our cash balances were in excess of insured limits.
+Added: A hypothetical 1% change in interest rates during any of the periods presented would not have had a material impact on our consolidated financial statements.
+Added: As of December 31, 2020 and 2019, our cash, cash equivalents, and investments were maintained with two financial institutions in the U.S.
+Added: We believe these institutions have sufficient assets and liquidity to conduct their operations in the ordinary course of business with little or no credit risk to us, however our cash balances were in excess of insured limits.
The primary objective of our investment activities is to preserve our capital for the purpose of funding operations while at the same time maximizing the income we receive from our investments without significantly increasing risk or availability.
14 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.