Quarterly report pursuant to Section 13 or 15(d)

Restricted Cash

v3.21.1
Restricted Cash
 3 Months Ended
Mar. 31, 2021
Restricted Cash Disclosure [Abstract]  
Restricted Cash
 
3. Restricted Cash
Restricted cash consisted of the following as of (in thousands):
 
    
March 31,
2021
     
December 31,
2020
  
PPP amount held in escrow
   
$
2,124
 
   
$
2,237
 
Cash proceeds from Business Combination held back for working capital adjustment
   
 
—
 
   
 
996
 
    
 
 
     
 
 
  
Total Restricted Cash
   
$
2,124
 
   
$
3,233
 
    
 
 
     
 
 
  
Certain amounts presented as restricted cash as of December 31, 2020 have been reclassified to cash as there are no requirements placing a restriction on such cash balances. The decrease in the PPP amount held in escrow is a consequence of PPP forgiveness on one of the loans.