Cash, Cash Equivalents and Restricted Cash

3 Months Ended

Mar. 31, 2018

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

Cash, Cash Equivalents and Restricted Cash

Restricted cash as of March 31, 2018 represents a standby letter of credit for the Company’s building lease in lieu of a security deposit during the term of such lease. There is a requirement to maintain a $0.9 million collateral cash account pledged as security for such letter of credit. Restricted cash as of March 31, 2017 represents collateral cash pledged for the Company’s credit card arrangements of $0.2 million and a standby letter of credit for the Company’s prior lease in lieu of a security deposit during the term of the lease of $0.1 million.