1 unchanged sentence
The market risk inherent in our financial instruments and in our financial position represents the potential loss arising from adverse changes in interest rates.
−Removed: As of December 31, 2020 and 2019, we had cash, cash equivalents, restricted cash and investments of $140.1 million and $91.6 million, respectively, consisting of non-interest and interest-bearing money market accounts.
+Added: As of December 31, 2021 and 2020, we had cash, cash equivalents, restricted cash and marketable securities of $129.4 million and $140.1 million, respectively, consisting of non-interest and interest-bearing money market accounts.
Our primary exposure to market risk is interest rate sensitivity, which is affected by changes in the general level of U.S.
interest rates.
−Removed: Due to the short-term and the low risk profile of our money market accounts and investments, and our current plan to hold investments to maturity, an immediate 100 basis point change in interest rates would not have a material effect on the fair market value of our cash equivalents or short-term investments.
−Removed: In addition, we are subject to currency risk for balances held in Russian rubles in our foreign subsidiary.
−Removed: We hold portions of our funds in both U.S.
−Removed: dollars and Russian rubles.
−Removed: The exchange rate between the U.S.
−Removed: dollar and Russian ruble changes from period to period.
−Removed: As of December 31, 2020, we held cash and cash equivalents totaling $0.3 million in Russian banks to support our Russian subsidiary, all of which were denominated in U.S.
−Removed: We do not hedge against foreign currency risks.
−Removed: We do not believe that inflation and changing prices had a significant impact on our results of operations for any periods presented herein.
+Added: Due to the short-term and the low risk profile of our money market accounts and marketable securities, and our current plan to hold marketable securities to maturity, an immediate 100 basis point change in interest rates would not have a material effect on the fair market value of our cash equivalents or short-term marketable securities.
Financial Statements and Supplementary Data
−Removed: The consolidated financial statements together with the report of our independent registered public company accounting firm, required to be filed pursuant to this Item 7 are appended to this Annual Report on Form 10-K.
−Removed: An index of those consolidated financial statements is found in Item 15 of this Annual Report on Form 10-K.
+Added: The consolidated financial statements together with the report of our independent registered public company accounting firm, required to be filed pursuant to this Item 8 are appended to this Annual Report.
+Added: An index of those consolidated financial statements is found in Item 15.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
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.