4 unchanged sentences
to interest rate fluctuations.
−Removed: As of March 31, 2023, our cash equivalents consisted of bank deposits and money market accounts and our debt is a variable interest rate instrument.
−Removed: Our primary exposure to market risk is interest income
−Removed: sensitivity, which is affected by changes in the general level of U.S.
+Added: As of June 30, 2023, our cash equivalents consisted of bank deposits and money market accounts and our debt is a variable interest rate instrument.
+Added: Our primary exposure to market risk is interest income sensitivity,
+Added: which is affected by changes in the general level of U.S.
interest rates.
The primary objective of our investment activities is to preserve principal and liquidity while maximizing income without significantly increasing risk.
−Removed: not enter into investments for trading or speculative purposes.
−Removed: Due to the short-term nature of our investment portfolio and debt agreement, we do not believe an immediate 100 basis point increase in interest rates would have a material effect on
−Removed: the fair market value of our portfolio, and, accordingly, we do not expect our operating results or cash flows to be materially affected by a sudden change in market interest rates.
+Added: We do not enter
+Added: into investments for trading or speculative purposes.
+Added: Due to the short-term nature of our investment portfolio and debt agreement, we do not believe an immediate 100 basis point increase in interest rates would have a material effect on the fair
+Added: market value of our portfolio, and, accordingly, we do not expect our operating results or cash flows to be materially affected by a sudden change in market interest rates.
Inflation Risk
1 unchanged sentence
We do not believe that inflation has had a material effect on our business, financial
−Removed: condition, or results of operations during the three months ended March 31, 2023.
+Added: condition, or results of operations during the three months ended June 30, 2023.
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.