Quarterly report pursuant to Section 13 or 15(d)

Restricted Cash

v3.8.0.1
Restricted Cash
3 Months Ended
Mar. 31, 2018
Restricted Cash  
Restricted Cash

6. Restricted Cash

 

At March 31, 2018 and December 31, 2017, the Company had $0.5 million in restricted cash that serves as the security deposit on the lease of the Company’s current facility in Cambridge, Massachusetts (refer to Note 9). At March 31, 2018, approximately $0.2 million of the restricted cash was included within other current assets in the condensed consolidated balance sheets as it was expected to be refunded to the Company under the terms of the lease agreement. In April 2018, the Company received the $0.2 million refund from its landlord and $0.3 million remains in restricted cash. 

 

In accordance with the recently adopted accounting pronouncement ASU 2016-18, the following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the amounts shown in the condensed consolidated statement of cash flows as of March 31, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

March 31, 2018

    

December 31, 2017

 

Cash and cash equivalents

 

$

94,334

 

$

32,205

 

Restricted cash

 

 

193

 

 

193

 

Restricted cash, long-term

 

 

290

 

 

290

 

Total cash, cash equivalents and restricted cash

 

$

94,817

 

$

32,688