4 unchanged sentences
into derivatives or other financial instruments for trading or speculative purposes.
−Removed: Interest Rate Risk .
−Removed: interest rate risk exposure results from our investment portfolio.
−Removed: Our primary objectives in managing our investment portfolio
−Removed: are to preserve principal, maintain proper liquidity to meet operating needs and maximize yields.
−Removed: The securities we hold in our
−Removed: investment portfolio are subject to interest rate risk.
−Removed: At any time, sharp changes in interest rates can affect the fair value
−Removed: of the investment portfolio and its interest earnings.
−Removed: After a review of our marketable investment securities, we believe that
−Removed: in the event of a hypothetical ten percent increase in interest rates, the resulting decrease in fair value of our marketable investment
−Removed: securities would be insignificant to the consolidated financial statements.
−Removed: Currently, we do not hedge these interest rate exposures.
−Removed: We have established policies and procedures to manage exposure to fluctuations in interest rates.
−Removed: We place our investments with
−Removed: high quality issuers and limit the amount of credit exposure to any one issuer and do not use derivative financial instruments
−Removed: in our investment portfolio.
−Removed: We invest in highly liquid, investment-grade securities and money market funds of various issues,
−Removed: types and maturities.
−Removed: These securities are classified as available-for-sale and, consequently, are recorded on the balance sheet
−Removed: at fair value with unrealized gains or losses reported as accumulated other comprehensive income as a separate component in stockholders'
−Removed: deficit unless a loss is deemed other than temporary, in which case the loss is recognized in earnings.
−Removed: Additionally in January 2018, we entered
−Removed: into the Loan and Security Agreement with SVB for $10.0 million.
−Removed: A one percent increase in the prime rate would result in a $73,000
−Removed: increase in interest expense, while a one percent decrease in the prime rate would result in a $89,000 decrease in interest expense.
+Added: Our interest rate risk exposure results from our investment portfolio.
+Added: Our primary objectives
+Added: in managing our investment portfolio are to preserve principal, maintain proper liquidity to meet operating needs and maximize
+Added: The securities we hold in our investment portfolio are subject to interest rate risk.
+Added: At any time, sharp changes in interest
+Added: rates can affect the fair value of the investment portfolio and its interest earnings.
+Added: After a review of our marketable investment
+Added: securities, we believe that in the event of a hypothetical ten percent increase in interest rates, the resulting decrease in fair
+Added: value of our marketable investment securities would be insignificant to the consolidated financial statements.
+Added: Currently, we do
+Added: not hedge these interest rate exposures.
+Added: We have established policies and procedures to manage exposure to fluctuations in interest
+Added: We place our investments with high quality issuers and limit the amount of credit exposure to any one issuer and do not
+Added: use derivative financial instruments in our investment portfolio.
+Added: We invest in highly liquid, investment-grade securities and money
+Added: market funds of various issues, types and maturities.
+Added: These securities are classified as available-for-sale and, consequently,
+Added: are recorded on the balance sheet at fair value with unrealized gains or losses reported as accumulated other comprehensive income
+Added: as a separate component in stockholders' deficit unless a loss is deemed other than temporary, in which case the loss is recognized
+Added: in January 2018, we entered into the Loan and Security Agreement with SVB for $10.0 million.
+Added: A one percent increase in the prime
+Added: rate would result in a $ 63,000 increase in interest expense, while a one percent decrease in the prime rate would result
+Added: in a $71,000 decrease in interest expense.
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.