The following table provides a reconciliation of cash, cash equivalents, and restricted cash as of June 30, 2025 and 2024 to cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows for the six months ended June 30, 2025 and 2024:



	June 30, 2025		June 30, 2024
Cash and cash equivalents	$	6,981	$	4,056
Restricted cash		19,907		712
Total of cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	26,888	$	4,768

Restricted cash is primarily related to the Company’s energy incentive business with public utility clients and includes restricted cash from the acquisition of Applied Energy Group, Inc. (“AEG”).