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Cash and Cash Equivalents
6 Months Ended
Jun. 30, 2020
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents
3. Cash and Cash Equivalents
Of the total cash and cash equivalents of $50,255 and $74,972 at June 30, 2020 and December 31, 2019, respectively, $44,269 and $72,120 were held at two financial institutions. At June 30, 2020 and December 31, 2019, cash equivalents were approximately $67 and $317, respectively.
Certain of the Company’s international subsidiaries are required to maintain a minimum level of regulatory capital, which was $10,561 and $12,312 at June 30, 2020 and December 31, 2019, respectively. These requirements are generally satisfied by cash on hand.
In addition, the Company collateralized its U.S. office lease through a standby letter of credit totaling $1,384 which is restricted from further use.