2 unchanged sentences
These risks primarily include interest rate, foreign exchange and inflation risks, as well as risks relating to changes in the general economic conditions in the countries where we conduct business.
−Removed: The statement of operations impact is mitigated by having an offsetting liability in deferred revenue to partially or completely offset against the outstanding receivable if an account should become uncollectible.
+Added: The statement of operations impact is mitigated by having an offsetting liability in deferred revenue to partially or completely offset against the
+Added: outstanding receivable if an account should become uncollectible.
Our cash balances are kept in customary operating accounts, a portion of which are insured by the Federal Deposit Insurance Corporation, and uninsured money market accounts.
−Removed: The majority of our cash balances in money market accounts are with Wells Fargo, our lender under our loan facility.
+Added: The majority of our cash balances are with top tier banks held in investment grade money market accounts and short term US treasury bills.
To date, we have not used derivative instruments to mitigate the impact of our market risk exposures.
1 unchanged sentence
Interest Rate Risk
−Removed: Our exposure to market risk for changes in interest rates primarily relates to our cash equivalents and any variable rate
−Removed: indebtedness.
+Added: Our exposure to market risk for changes in interest rates primarily relates to our cash equivalents and any variable rate indebtedness.
The primary objective of our investment activities is to preserve principal while maximizing yields without significantly increasing risk.
6 unchanged sentences
Our customers are generally invoiced in the currency of the country in which they are located.
−Removed: In addition, we incur a portion of our operating expenses in foreign currencies, including Australian dollars, British pounds, Canadian dollars, Euros and Israeli New Shekels, and in the future, as we expand into other foreign countries, we expect to incur operating expenses in other foreign currencies.
+Added: In addition, we incur a portion of our operating expenses in foreign currencies, including Australian dollars, British pounds, Canadian dollars, Indian Rupees, Euros and Israeli New Shekels, and in the future, as we expand into other foreign countries, we expect to incur operating expenses in other foreign currencies.
As a result, we are exposed to foreign exchange rate fluctuations as the financial results of our international operations and our revenue and operating results could be adversely affected.
6 unchanged sentences
The related translation adjustments are recorded in a separate component of stockholders' equity in accumulated other comprehensive loss.
−Removed: In addition, we have intercompany loans that were used to fund the acquisition of foreign subsidiaries during the years ended December 31, 2019 and 2018.
+Added: In addition, we have intercompany loans that were used to fund the acquisition of foreign subsidiaries.
Due to the long-term nature of these loans, the foreign currency gains (losses) resulting from remeasurement are recognized as a component of accumulated other comprehensive loss.
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.