2 unchanged sentences
We had cash and cash equivalents totaling $95.3 million as of December 31, 2025, the majority of which was invested in money market accounts and money market funds.
−Removed: We also had marketable securities of $3.7 million which were invested in investment-grade corporate bonds.
+Added: In recent periods, we have also had marketable securities, which were invested in investment-grade corporate bonds.
Such interest-earning instruments carry a degree of interest rate risk with respect to the interest income generated.
5 unchanged sentences
We do not enter into investments for trading or speculative purposes.
−Removed: As of December 31, 2024, we had $25 million in secured indebtedness outstanding under the Credit Agreement.
+Added: As of December 31, 2025, we had $40 million in secured indebtedness outstanding under the Amended Credit Agreement.
The revolving line of credit bears interest at a rate of either (i) SOFR (subject to a 1.0% floor), plus 0.10%, plus a margin ranging from 2.25% to 2.75% based on the Company’s liquidity or (ii) ABR (subject to a 2.0% floor) plus a margin ranging from 1.25% to 1.75% based on the Company’s liquidity.
−Removed: Refer to Note 8 of the Notes to the Financial Statements (Part I, Item 8 of this Annual Report).
+Added: Refer to Note 8 of the Notes to the Financial Statements (Part II, Item 8 of this Annual Report).
We have not been exposed to, nor do we anticipate being exposed to, material risks due to changes in interest rates.
3 unchanged sentences
and international sales are predominantly denominated in U.S.
−Removed: However, we have some foreign currency risk related to a small amount of sales denominated in Canadian dollars.
−Removed: Sales denominated in Canadian dollars reflect the prevailing U.S.
+Added: However, we have some foreign currency risk related to a small amount of sales denominated in Canadian dollars, Euros and British pounds.
+Added: Sales denominated in foreign currencies reflect the prevailing U.S.
dollar exchange rate on the date of invoice for such sales.
Decreases in the relative value of the U.S.
−Removed: dollar to the Canadian dollar may negatively affect revenue and other operating results as expressed in U.S.
+Added: dollar to these foreign currencies may negatively affect revenue and other operating results as expressed in U.S.
We do not believe that an immediate 10% increase or decrease in the relative value of the U.S.
−Removed: dollar to the Canadian dollar would have a material effect on operating results.
+Added: dollar to the applicable foreign currencies would have a material effect on operating results.
We have not engaged in the hedging of foreign currency transactions to date.
3 unchanged sentences
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.