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Cash
3 Months Ended
Mar. 31, 2022
Cash and Cash Equivalents [Abstract]  
Cash

4. Cash

A reconciliation of cash, cash equivalents, and restricted cash reported within the Company's condensed consolidated balance sheets that sum to the total of the same such amounts shown in the Company's condensed consolidated statements of cash flows, is as follows:

 

 

 

As of March 31,

 

 

 

2022

 

 

2021

 

 

 

(In thousands)

 

Cash and cash equivalents

 

$

77,421

 

 

$

73,711

 

Restricted cash, as part of other assets

 

 

1,509

 

 

 

1,509

 

Total cash, cash equivalents, and restricted cash

 

 

 

 

 

 

shown in the condensed consolidated statements of cash flows

 

$

78,930

 

 

$

75,220

 

 

The $1.5 million in restricted cash as of both March 31, 2022 and 2021 is comprised of $0.5 million in a letter of credit as a security deposit for the Company’s office and laboratory lease at Technology Square in Cambridge, Massachusetts and $1.0 million in a letter of credit as a security deposit for the Company’s office lease at Hampshire Street in Cambridge, Massachusetts. The Company has recorded cash held to secure these letters of credit as restricted cash in restricted cash and other assets on its condensed consolidated balance sheets. The restricted cash is classified as non-current based on the related lease terms.