3 unchanged sentences
We internally manage our investment portfolios considering investment opportunities and risks, tax consequences, and overall financing strategies.
−Removed: Our investment
−Removed: portfolio includes U.S.
−Removed: treasury securities with a total fair value of approximately $10.3 million at December 31, 2025.
−Removed: These securities are subject to interest rate risk and, based on our investment portfolio at December 31, 2025, a 100 basis point increase in interest rates would result in a decrease in the fair value of the portfolio of approximately $209,000.
−Removed: While an increase in interest rates may reduce the fair value of the investment portfolio, we will not realize the losses in the Consolidated Statements of Income unless the individual fixed-income securities are sold prior to recovery or the loss is determined to be other-than-temporary.
+Added: Our investment portfolio includes U.S.
+Added: treasury securities with a total fair value of approximately $10.5 million as of March 31, 2026.
+Added: These securities are subject to interest rate risk and, based on our investment portfolio as of March 31, 2026, a 100 basis point increase in interest rates would result in a decrease in the fair value of the portfolio of approximately $211,000.
+Added: While an increase in interest rates may reduce the fair value of the investment portfolio, we will not realize the losses in the Consolidated Statements of Operations unless the individual fixed-income securities are sold prior to recovery or the loss is determined to be other-than-temporary.
Foreign Currency Exchange Risk
13 unchanged sentences
During the first quarter of 2025, various tariffs were announced on imports into the U.S.
−Removed: On April 2, 2025, the U.S.
−Removed: announced a new universal baseline tariff of 10%, plus significant additional country-specific tariffs for select trading partners, on all U.S.
−Removed: The reciprocal country-specific tariffs were subsequently paused for 90 days on most countries.
−Removed: The imposition of the baseline 10% tariff will increase the cost of our products and could impact product margins .
+Added: The imposition tariffs will increase the cost of our products and could impact product margins .
The uncertainty of future tariffs could also cause disturbances in ocean shipping capacity that could affect our ability to secure ocean freight containers for our products, and create inflationary effects on our costs, in addition to the direct impact of tariffs.
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.