Cash, cash equivalents, and restricted cash

6 Months Ended

Jun. 30, 2022

Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]

Cash, cash equivalents, and restricted cash

Cash, cash equivalents, and restricted cashThe Company considers all highly liquid investments with an original contractual maturity or a remaining maturity of three months or less at the date of purchase to be cash equivalents. Cash equivalents as of June 30, 2022 and December 31, 2021 consisted of money market funds.

The following table provides a reconciliation of cash, cash equivalents, and restricted cash in the condensed balance sheets that sum to the total of the same such amounts shown in the condensed statements of cash flows:

(in thousands)	June 30, 2022		December 31, 2021
Cash and cash equivalents	$	77,526	$	142,467
Restricted cash	878		878
Total cash, cash equivalents, and restricted cash	$	78,404	$	143,345

Restricted cash, included in other non-current assets in the condensed balance sheets, includes $0.9 million in cash deposits the Company maintains with its bank as collateral for the irrevocable letters of credit related to its lease obligations.