2 unchanged sentences
These risks primarily include interest rate sensitivities.
−Removed: Our interest-earning assets consist of cash and cash equivalents of $178.0 million, or 77.9% of our total assets at September 30, 2020, and $262.4 million, or 84.5% of our total assets at December 31, 2019.
−Removed: Interest income earned on these assets was $1.6 million and $4.6 million for the nine months ended September 30, 2020 and 2019, respectively.
+Added: Our interest-earning assets consist of cash and cash equivalents and short-term investments of $188.6 million, or 80.4% of our total assets at March 31, 2021, and $217.4 million, or 82.4% of our total assets at December 31, 2020.
+Added: Interest income earned on these assets was less than $0.1 million and $1.2 million for the three months ended March 31, 2021 and 2020, respectively.
Our interest income is sensitive to changes in the general level of interest rates, primarily U.S.
interest rates.
−Removed: If a 10% change in interest rates were to have immediately occurred on September 30, 2020, this change would not have had a material effect on the fair value of our investment portfolio as of that date.
−Removed: At September 30, 2020, our cash equivalents consisted of bank deposits and money market funds.
−Removed: Such interest-earning instruments carry
−Removed: a degree of interest rate risk;
+Added: If a 10% change in interest rates were to have immediately occurred on March 31, 2021, this change would not have had a material effect on the fair value of our investment portfolio as of that date.
+Added: At March 31, 2021, our cash equivalents consisted of bank deposits and money market funds.
+Added: Such interest-earning instruments carry a degree of interest rate risk;
however, historical fluctuations in interest income have not been significant for us.
−Removed: We had no debt outstanding a s of September 30, 2020 and December 31, 2019 .
+Added: We had no debt outstanding as of March 31, 2021 and December 31, 2020.
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.