Pledge of Cash and Restricted Cash

9 Months Ended

Sep. 30, 2020

Pledge of Cash and Restricted Cash [Abstract]

Note 2: Pledge of Cash and Restricted Cash

Under the terms of its debt agreements, the Company has the ability to pledge cash as collateral for its borrowings, which will be classified as restricted cash. At September 30, 2020 and December 31, 2019, the Company held no pledged cash.

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the statement of financial position that sum to the total of the same such amounts shown in the statement of cash flows (dollars in thousands):




	September 30,				December 31,
	2020		2019		2019
Cash and cash equivalents	$	17,926	$	22,470	$	25,993
Restricted cash		50		51		52
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	17,976	$	22,521	$	26,045

Amounts included in restricted cash represent funds the Company is required to set aside with the Central Registration Depository ("CRD") account with FINRA. Also included are funds the Company has deposited with RBC Dain as clearing deposits. The Company may only use the CRD funds for certain fees charged by FINRA. These fees are to maintain the membership status of the Company or are related to the licensing of registered and associated persons of the Company.