What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2022-03-25 compared with 2021-03-11 · 1 added, 1 removed, 16 unchanged (11% of the section changed)

12 unchanged sentences

We are subject to interest rate risk in connection with our borrowings under the MidCap Credit Agreement.

The principal balance outstanding of $17.5 million under the MidCap Credit Agreement bears interest at a floating rate equal to 6.25% per annum, plus the greater of (i) 1.50% or (ii) one-month LIBOR.

The remaining principal balance outstanding of $7.5 million as of December 31, 2021 under the MidCap Credit Agreement bears interest at a floating rate equal to 6.25% per annum, plus the greater of (i) 1.50% or (ii) one-month LIBOR.

We currently do not engage in any interest rate hedging activity and we have no intention to do so in the foreseeable future.

2 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.