Cash, Cash Equivalents and Restricted Cash

3 Months Ended

Mar. 31, 2023

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

(2) Cash, Cash Equivalents and Restricted Cash

Cash and cash equivalents that are restricted as to withdrawal or use under the terms of certain contractual agreements are recorded in Restricted Cash on the balance sheets.

Cash, cash equivalents, and restricted cash balances were as follows:

	March 31, 2023		December 31, 2022
Cash and cash equivalents	$	24,222	$	7,671
Restricted balance for loan agreement		—		4,000
Letters of credit		—		101
Security for credit cards		50		50
Total cash, cash equivalents and restricted cash shown in the statements of cash flows	$	24,272	$	11,822

On March 15, 2023, the Company returned to Avenue the $4.0 million held in the restricted cash to paydown a portion of the outstanding Avenue Loan balance. On March 31, 2023, letter of credit for the sub-lease agreement for office space at 1633 Broadway, New York, NY expired.