Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Summary of Significant Accounting Policies

Schedule of change in the research and development incentive receivable

The following table shows the change in the research and development incentive receivable from December 31, 2018 to September 30, 2020 (in thousands):

Balance at December 31, 2018	$	836
Australian research and development incentive income, net		132
Cash received for 2018 eligible expenses		(757)
Foreign currency translation		(26)
Balance at December 31, 2019		185
Australian research and development incentive income, net		343
Cash received for 2019 eligible expenses		(331)
Foreign currency translation		12
Balance at September 30, 2020	$	209

Summary of assets and liabilities carried at fair value in accordance with the hierarchy

A summary of the assets and liabilities carried at fair value in accordance with the hierarchy defined above is as follows (in thousands):

	Total		Level1		Level 2		Level 3
September 30, 2020
Assets:
Cash equivalents	$	57,975	$	57,975	$	—	$	—
Total assets	$	57,975	$	57,975	$	—	$	—
December 31, 2019
Assets:
Cash equivalents	$	3,891	$	3,891	$	—	$	—
Total assets	$	3,891	$	3,891	$	—	$	—