Table:
|  | For the Years Ended December 31, |  |
| --- | --- | --- |
| (in thousands) | 2019 | 2018 |
| Cash and cash equivalents | $4,777 | $1,008 |
| Restricted cash | 72 | 70 |
| Restricted cash included in other assets, noncurrent | -- | 70 |
| Total cash, cash equivalents, and restricted cash in the balance sheet | 4,849 | $1,148 |
Paragraphs:
Cash and Cash Equivalents
Cash and cash equivalents consist of cash, checking accounts, money market accounts and temporary investments with maturities of three months or less when purchased. As of December 31, 2019 and 2018, the Company had no cash equivalents.
Restricted Cash
In connection with certain transactions, the Company may be required to deposit assets, including cash or investment shares, in escrow accounts. The assets held in escrow are subject to various contingencies that may exist with respect to such transactions. Upon resolution of those contingencies or the expiration of the escrow period, some or all the escrow amounts may be used and the balance released to the Company. As of December 31, 2019 and 2018, the Company had $72,000 and $140,000, respectively, deposited in escrow as restricted cash for the Shoom acquisition, of which any amounts not subject to claims shall be released to the pre-acquisition stockholders of Shoom pro-rata on the next anniversary dates of the closing date of the Shoom acquisition. As of December 31, 2019 and 2018, $72,000 and $70,000, respectively, was current and included in Prepaid Assets and Other Current Assets on the consolidated balance sheets. As of December 31, 2019 and 2018, $0 and $70,000 was non-current and included in Other Assets on the consolidated balance sheet.
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the balance sheets that sum to the total of the same amounts show in the statement of cash flows.
Question:
What does cash and cash equivalents consist of?
Answer: cash, checking accounts, money market accounts and temporary investments with maturities of three months or less when purchased.