Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

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 January 1, 2021 to March 31, 2022 (in thousands):

Balance at January 1, 2021		73
Australian research and development incentive income, net		1,226
Cash received for 2020 eligible expenses		(111)
Foreign currency translation		1
Balance at December 31, 2021	$	1,189
Australian research and development incentive income, net		37
Foreign currency translation		45
Balance at March 31, 2022	$	1,271

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

During the periods presented, the Company did not change the manner in which it values assets and liabilities that are measured at fair value using Level 3 inputs. There were no transfers within the hierarchy during the three months ended March 31, 2022 or the year ended December 31, 2021.

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

	Total		Level 1		Level 2		Level 3
March 31, 2022
Assets:
Cash equivalents	$	101,004	$	101,004	$	—	$	—
Total assets	$	101,004	$	101,004	$	—	$	—
December 31, 2021
Assets:
Cash equivalents	$	112,726	$	112,726	$	—	$	—
Total assets	$	112,726	$	112,726	$	—	$	—