Quantitative and Qualitative Disclosures about Market Risk
−Removed: We have market risk exposure related to foreign
−Removed: currency exchange rates.
−Removed: Market risk is the potential negative impact of adverse changes in these prices or rates on our Consolidated
−Removed: Financial Statements.
−Removed: We are subject to foreign currency exchange rate risk because we have foreign subsidiaries that are cost centers
−Removed: and pay certain expenses in foreign currencies.
−Removed: To manage exchange rate risk, we may enter into derivative contracts, however, historically,
−Removed: this risk has been insignificant and we have not entered into any derivative contracts.
+Added: We have market risk exposure in the ordinary
+Added: course of business, including the effects of foreign currency exchange rates and inflation.
+Added: We are subject to foreign currency exchange
+Added: rate risk because we have foreign subsidiaries that are cost centers and pay certain expenses in foreign currencies.
+Added: To manage exchange
+Added: rate risk, we may enter into derivative contracts, however, historically, this risk has been insignificant and we have not entered into
+Added: any derivative contracts.
+Added: Our cash and cash equivalents and marketable
+Added: securities primarily consist of cash on hand and highly liquid investments in money market funds and U.S.
+Added: government securities.
+Added: September 30, 2022, we had cash and cash equivalents of $41.3 million and marketable securities of $37.5 million.
+Added: We do not enter into
+Added: investments for trading or speculative purposes.
+Added: Our short-term investments, which we expect to hold to maturity, are recorded at amortized
+Added: cost and are composed of fixed rate government treasury bills.
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.