Quantitative and Qualitative Disclosures About Market Risk
−Removed: Our financial instruments as of December 31, 2024 consisted primarily of cash equivalents which consisted of money market accounts and U.S.
−Removed: treasury securities that have contractual maturities of less than 90 days from the date of acquisition .
−Removed: Due to the short-term maturities of our cash equivalents, and the fixed income nature of these investments, an immediate 10% change in interest rates would not have a material effect on the fair market value of our cash equivalents.
+Added: Our financial instruments as of December 31, 2025 consisted primarily of cash.
+Added: Due to the short-term maturities of our cash, an immediate 10% change in interest rates would not have an effect on the fair market value of our cash.
As of December 31, 2025 and 2024, the aggregate principal amount outstanding under the Loan Agreement was $0 million and $29.3 million, respectively.
2 unchanged sentences
An immediate 10% change in the 1-Month CME Term SOFR rate would not have a material impact on our operating results or cash flows.
−Removed: Financial Statements and Supplementary Data
−Removed: Our financial statements, together with the report of our independent registered public accounting firm, appear on pages F-1 through F-35 of this Annual Report on Form 10-K.
−Removed: Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
+Added: In December 2025, pursuant to the terms of the Settlement Agreement with Oxford, we made a payment of $2 million and effective immediately upon such payment, settled all Oxford debt obligations.
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.