Quarterly report pursuant to Section 13 or 15(d)

5. Restricted Cash

v3.23.1
5. Restricted Cash
3 Months Ended
Mar. 31, 2023
Cash and Cash Equivalents [Abstract]  
5. Restricted Cash

5. Restricted Cash

 

Restricted cash consists of cash held in a segregated bank account at Intesa Sanpaolo Bank S.p.A. (“Intesa Sanpaolo Bank”) as collateral against the Company’s operating line of credit with Intesa Sanpaolo Bank. The Company no longer has an operating line of credit and will apply for the release of the restricted cash.