Cash, Cash Equivalents, and Restricted Cash

12 Months Ended

Dec. 31, 2022

Cash And Cash Equivalents [Abstract]

Cash, Cash Equivalents, and Restricted Cash

Note 5. Cash, Cash Equivalents, and Restricted Cash

The Company’s cash equivalents are highly liquid investments with a maturity of 90 days or less at the date of purchase and investments in money market funds. Restricted cash are time deposits, which include securing letters of credit.

The following table shows our cash, cash equivalents and current restricted cash as of December 31, 2022 and 2021:

	For the Year Ended December 31,
(in thousands)	2022		2021
Cash	$	1,066	$	3,841
Cash equivalents		21,569		41,203
Restricted cash		—		1,259
Total cash, cash equivalents, and restricted cash	$	22,635	$	46,303