5 unchanged sentences
As of December 31, 2025 and 2024, our cash, cash equivalents, and investments were maintained with financial institutions which we believe 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.
−Removed: Market conditions can impact the viability of institutions where our cash is held.
−Removed: In the event of failure of any of the financial institutions where we maintain our cash and cash equivalents, there can be no assurance that we will be able to access uninsured funds in a timely manner or at all.
+Added: conditions can impact the financial stability of institutions where our cash is held and in the event of a failure, there can be no assurance that we will be able to access uninsured funds in a timely manner or at all.
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 decreasing availability.
3 unchanged sentences
We are exposed to credit risk in the event of a default by the issuers of these securities to the extent recorded on the consolidated balance sheets.
−Removed: See Note 2 to our financial statements contained in this Annual Report on Form 10-K for additional information on our cash equivalents and available-for-sale marketable securities.
−Removed: Our accounts receivable primarily relate to revenue from the sale of our Inspire system to hospitals and ASCs in the U.S.
−Removed: We believe that the credit risk in our accounts receivable is mitigated by our credit evaluation process, relatively short collection terms, and dispersion of our customer base.
+Added: See Note 2 of our Consolidated Financial Statements included elsewhere in this Form 10-K for additional information on our cash equivalents and available-for-sale marketable securities.
+Added: Our accounts receivable primarily relate to revenue from the sales of our Inspire system to hospitals and ASCs in the U.S.
+Added: We believe that the credit risk in our accounts receivable is mitigated by our credit evaluation process, relatively short collection terms, and the broad diversification of our customer base.
We generally do not require collateral, and losses on accounts receivable have historically not been significant.
5 unchanged sentences
Inflationary factors, such as increases in our cost of goods sold and selling and operating expenses, may adversely affect our operating results.
−Removed: Although we do not believe that inflation has had a material impact on our financial position or results of operations to date, a high rate of inflation in the future may have an adverse effect
−Removed: on our ability to maintain and increase our gross margin and selling and marketing and operating expenses as a percentage of our revenue if the selling prices of our products do not increase as much as or more than these increased costs.
+Added: Although we do not believe that inflation has had a material impact on our financial position or results of operations to date, a high rate of inflation in the future may have an adverse effect on our ability to maintain and increase our gross margin and selling and marketing and operating expenses as a percentage of our revenue if the selling prices of our products do not increase as much as or more than these increased costs.
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.