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v3.22.2.2

Leases | 9 Months Ended
--- | ---
Sep. 30, 2022
Leases [Abstract] |
Leases | Leases The table below provides a rollforward of the Company's right-of-use assets as of September 30, 2022 and 2021, respectively.
(in KUSD) |  |  |  |  |  |
Right-of-Use Assets |  | Properties (Offices) |  | Vehicles |  | Total
Cost |  |  |  |  |  |
January 1, 2022 |  | 9,005 |  |  | 134 |  |  | 9,139 |
Additions |  | 1,234 |  |  | — |  |  | 1,234 |
Exchange difference |  | (911) |  |  | — |  |  | (911) |
September 30, 2022 |  | 9,328 |  |  | 134 |  |  | 9,462 |
Accumulated depreciation |  |  |  |  |  |
January 1, 2022 |  | (1,925) |  |  | (50) |  |  | (1,975) |
Depreciation charge |  | (871) |  |  | (25) |  |  | (896) |
Exchange difference |  | 117 |  |  | — |  |  | 117 |
September 30, 2022 |  | (2,679) |  |  | (75) |  |  | (2,754) |
Net book amount as of September 30, 2022 |  | 6,649 |  |  | 59 |  |  | 6,708 |
Cost |  |  |  |  |  |
January 1, 2021 |  | 5,324 |  |  | 78 |  |  | 5,402 |
Additions |  | 5,662 |  |  | 56 |  |  | 5,718 |
Lease termination |  | (864) |  |  | — |  |  | (864) |
Exchange difference |  | (132) |  |  | — |  |  | (132) |
September 30, 2021 |  | 9,990 |  |  | 134 |  |  | 10,124 |
Accumulated depreciation |  |  |  |  |  |
January 1, 2021 |  | (2,253) |  |  | (20) |  |  | (2,273) |
Depreciation charge |  | (1,172) |  |  | (22) |  |  | (1,194) |
Lease termination |  | 864 |  |  | — |  |  | 864 |
Exchange difference |  | 19 |  |  | — |  |  | 19 |
September 30, 2021 |  | (2,542) |  |  | (42) |  |  | (2,584) |
Net book amount as of September 30, 2021 |  | 7,448 |  |  | 92 |  |  | 7,540 |
During the third quarter of 2022, the Company extended the term of its existing lease related to its U.S. corporate offices in New Jersey for an additional two years commencing on December 1, 2022, including an extension option for three additional years. The Company is reasonably certain it will exercise the extension option and therefore has accounted for the lease using a five-year lease term. During the first quarter of 2021, the Company entered into a new lease agreement with a ten-year term commencing in January 2021 for space in the iHub building on the Imperial University college campus in White City, West London. The primary function of the new facility, which consists of approximately 1,100 square meters, is R&D. Depreciation of right-of-use assets have been charged to the following categories in the unaudited condensed consolidated interim statement of operations. Depreciation expense for S&M expenses was not material for any of the periods presented.
|  | Three months ended September 30, |  | Nine months ended September 30,
(in KUSD) |  | 2022 |  | 2021 |  | 2022 |  | 2021
R&D expenses |  | 228 |  |  | 334 |  |  | 711 |  |  | 1,016 |
G&A expenses |  | 62 |  |  | 61 |  |  | 185 |  |  | 178 |
|  | 290 |  |  | 395 |  |  | 896 |  |  | 1,194 |
The table below provides a rollforward of the Company's lease liabilities as of September 30, 2022 and 2021, respectively.
(in KUSD) |  |  |  |  |  |
Lease liabilities |  | Properties (Offices) |  | Vehicles |  | Total
January 1, 2022 |  | 7,898 |  |  | 125 |  |  | 8,023 |
Additions |  | 1,234 |  |  | — |  |  | 1,234 |
Cash outflow (including interest) |  | (901) |  |  | — |  |  | (901) |
Interest |  | 144 |  |  | — |  |  | 144 |
Exchange difference |  | (978) |  |  | (65) |  |  | (1,043) |
September 30, 2022 |  | 7,397 |  |  | 60 |  |  | 7,457 |
January 1, 2021 |  | 3,402 |  |  | 65 |  |  | 3,467 |
Additions |  | 5,662 |  |  | 56 |  |  | 5,718 |
Cash outflow (including interest) |  | (892) |  |  | (24) |  |  | (916) |
Interest |  | 168 |  |  | 2 |  |  | 170 |
Exchange difference |  | (234) |  |  | (10) |  |  | (244) |
September 30, 2021 |  | 8,106 |  |  | 89 |  |  | 8,195 |
September 30, 2022 |  |  |  |  |  |
Lease liabilities (short-term) |  | 801 |  |  | 34 |  |  | 835 |
Lease liabilities (long-term) |  | 6,596 |  |  | 26 |  |  | 6,622 |
Total lease liabilities |  | 7,397 |  |  | 60 |  |  | 7,457 |
September 30, 2021 |  |  |  |  |  |
Lease liabilities (short-term) |  | 981 |  |  | 31 |  |  | 1,012 |
Lease liabilities (long-term) |  | 7,125 |  |  | 58 |  |  | 7,183 |
Total lease liabilities |  | 8,106 |  |  | 89 |  |  | 8,195 |

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- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2022-03-24 -Section Presentation -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS16_g47-50__IFRS16_g47-50_TI -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS16_g51-60__IFRS16_g51-60_TI -URIDate 2022-03-24 + Details
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