Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 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 September 30, 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		1,276
Cash received for 2021 eligible expenses		(1,064)
Foreign currency translation		(145)
Balance at September 30, 2022	$	1,256

Schedule 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		Level 1		Level 2		Level 3
September 30, 2022
Assets:
Cash equivalents	$	75,129	$	75,129	$	—	$	—
Total assets	$	75,129	$	75,129	$	—	$	—
December 31, 2021
Assets:
Cash equivalents	$	112,726	$	112,726	$	—	$	—
Total assets	$	112,726	$	112,726	$	—	$	—