1 unchanged sentence
DISCLOSURES ABOUT MARKET RISK
−Removed: As of August 31, 2020, and August 31, 2019,
−Removed: we had cash and cash equivalents of $49.21 million and $11.44 million, respectively.
−Removed: We hold held-to-maturity short-term investments
−Removed: that are exposed to market risk related to changes in interest rates, which could affect the value of our assets and liabilities.
−Removed: We do not hold any trading and or available-for-sale securities.
−Removed: Some of our cash and cash equivalents are held in money market
−Removed: however, they are not exposed to market-rate risk.
−Removed: In the years ended August 31, 2020, 2019,
−Removed: and 2018 we sold $4.96 million, $4.15 million and $3.57 million, respectively, of software licenses through representatives in
−Removed: certain Asian markets in local currencies.
−Removed: As a result, our financial position, results of operations, and cash flows can be affected
−Removed: by fluctuations in foreign currency exchange rates, particularly fluctuations in the yen and RMB exchange rates.
−Removed: These transactions
−Removed: give rise to receivables that are denominated in currencies other than the entity’s functional currency.
−Removed: The value of these
−Removed: receivables is subject to changes because the receivables may become worth more or less due to changes in currency exchange rates.
−Removed: The majority of our software license agreements are denominated in U.S.
−Removed: We record foreign gains and losses as they are
−Removed: We mitigate our risk from foreign currency fluctuations by adjusting prices in our foreign markets on a periodic basis.
−Removed: We base these changes on market conditions while working closely with our representatives.
−Removed: Our Paris, France, division sells mainly
−Removed: Dollars and Euros and uses the Euro as a functional currency.
−Removed: As such, we are subject to currency translation and exchange
−Removed: rate changes.
−Removed: We do not hedge currencies or enter into derivative contracts.
+Added: As of August 31, 2021, and August 31, 2020, we
+Added: had cash and cash equivalents of $37.0 million and $49.2 million, respectively.
+Added: We hold held-to-maturity short-term investments that are
+Added: exposed to market risk related to changes in interest rates, which could affect the value of our assets and liabilities.
+Added: We do not hold
+Added: any trading and or available-for-sale securities.
+Added: Some of our cash and cash equivalents are held in money market accounts;
+Added: however, they
+Added: are not exposed to market-rate risk.
+Added: In the years ended August 31, 2021, 2020, and
+Added: 2019 we sold $4.8 million, $5.0 million and $4.1 million, respectively, of software licenses through representatives in certain Asian
+Added: markets in local currencies.
+Added: As a result, our financial position, results of operations, and cash flows can be affected by fluctuations
+Added: in foreign currency exchange rates, particularly fluctuations in the yen and RMB exchange rates.
+Added: These transactions give rise to receivables
+Added: that are denominated in currencies other than the entity’s functional currency.
+Added: The value of these receivables is subject to changes
+Added: because the receivables may become worth more or less due to changes in currency exchange rates.
+Added: The majority of our software license
+Added: agreements are denominated in U.S.
+Added: We record foreign gains and losses as they are realized.
+Added: We mitigate our risk from foreign
+Added: currency fluctuations by adjusting prices in our foreign markets on a periodic basis.
+Added: We base these changes on market conditions while
+Added: working closely with our representatives.
+Added: Our Paris, France, division sells mainly in U.S.
+Added: dollars and Euros and uses the Euro as a functional
+Added: As such, we are subject to currency translation and exchange rate changes.
+Added: We do not hedge currencies or enter into derivative
ITEM 8 – FINANCIAL STATEMENTS AND SUPPLEMENTARY
See the financial statements included elsewhere
−Removed: in this report beginning at page F-1, which are incorporated herein by reference.
−Removed: ITEM 9 – CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
−Removed: ON ACCOUNTING AND FINANCIAL DISCLOSURE
+Added: in this Annual Report beginning at page F-1, which are incorporated herein by reference.
+Added: ITEM 9 – CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
+Added: 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.