The spot exchange rate at the end of the reporting period. Exchange rate is the ratio of exchange for two currencies. Spot exchange rate is the exchange rate for immediate delivery.

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-Paragraph 112
-Subparagraph c
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.15(a))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.15(5))
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RISK MANAGEMENT - Foreign currency exchange rate risk (Details) kr in Thousands, $ in Thousands	Dec. 31, 2017 USD ($) $ / $ € / $ kr / $	Dec. 31, 2017 DKK (kr) $ / $ € / $ kr / $	Dec. 31, 2016 USD ($)	Dec. 31, 2016 DKK (kr)
Foreign currency exchange risk
Accounts payable	$ 56	kr 571	$ 0	kr 23
USD
Foreign currency exchange risk
Closing foreign exchange rate \| $ / $	1.2550	1.2550
EUR
Foreign currency exchange risk
Closing foreign exchange rate \| € / $	0.6649	0.6649
DKK
Foreign currency exchange risk
Closing foreign exchange rate \| kr / $	0.2018	0.2018