For the purposes of unaudited statements of cash flows, cash, cash equivalents and restricted cash consist of the following:


	As of
	June 30, 2023		June 30, 2022		December 31, 2022
Cash and cash equivalents	$	93,960	$	106,304	$	118,669
Restricted cash (current)	4,628		6,840		4,897
Restricted cash (non-current)	2,072		2,056		2,055
Cash, cash equivalents and restricted cash	$	100,660	$	115,200	$	125,621

Restricted cash (current) primarily represents funds held on behalf of clients in dedicated bank accounts. The corresponding liability against the same is included under “Accrued Expenses and other current liabilities.” Restricted cash (non-current) represents amounts on deposit with banks against bank guarantees issued through banks in favor of relevant statutory authorities for equipment imports, deposits for obtaining indirect tax registrations and for demands against pending income tax assessments. These deposits with banks will mature one year after the balance sheet date.