−Removed: QUANTITATIVE AND QUALITATIVE
−Removed: DISCLOSURES ABOUT MARKET RISK.
−Removed: The primary objective of our investment
−Removed: activities is to preserve our capital to fund operations.
−Removed: We also seek to maximize income from our investments without assuming
−Removed: significant risk.
+Added: QUANTITATIVE AND QUALITATIVE DISCLOSURES
+Added: ABOUT MARKET RISK.
+Added: The primary objective of our investment activities
+Added: is to preserve our capital to fund operations.
+Added: We also seek to maximize income from our investments without assuming significant risk.
Our exposure to market risk is confined to our cash and cash equivalents.
−Removed: As of September 30, 2020, our cash
−Removed: and cash equivalents consisted primarily of investments in treasury securities.
−Removed: We do not engage in any hedging activities against
−Removed: changes in interest rates.
−Removed: Due to the short-term duration of our investment portfolio and the low risk profile of our investments,
−Removed: we would not expect our operating results or cash flows to be affected to any significant degree by the effect of a sudden change
−Removed: in market interest rates or credit conditions on our securities portfolio.
−Removed: We may, however, require additional financing to fund
−Removed: future obligations and no assurance can be given that the terms of future sources of financing will not expose us to material market
+Added: As of March 31, 2021, our cash and cash equivalents consisted
+Added: primarily of investments in treasury securities.
+Added: We do not engage in any hedging activities against changes in interest rates.
+Added: the short-term duration of our investment portfolio and the low risk profile of our investments, we would not expect our operating results
+Added: or cash flows to be affected to any significant degree by the effect of a sudden change in market interest rates or credit conditions
+Added: on our securities portfolio.
+Added: We may, however, require additional financing to fund future obligations and no assurance can be given that
+Added: the terms of future sources of financing will not expose us to material market risk.
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.