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Cash and Cash Equivalents | 12 Months Ended
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Dec. 31, 2020
Cash and Cash Equivalents |
Cash and Cash Equivalents | Note 16. Cash and Cash Equivalents
|  | December 31,
|  | 2020 |  | 2019
|  | (USD in thousands)
Cash and cash equivalents |  | $ | 5,834 |  | $ | 9,559
Total cash and cash equivalents |  | $ | 5,834 |  | $ | 9,559
Cash and cash equivalents consist mainly of cash on deposit with banks. Changes in Net Working Capital
|  | December 31,
|  | 2020 |  | 2019 |  | 2018
|  | (USD in thousands)
Changes in receivables and tax receivables |  | $ | (2,501) |  | $ | (337) |  | $ | 443
Changes in trade payables |  |  | 1,798 |  |  | 507 |  |  | 79
Changes in other payables |  |  | 918 |  |  | 403 |  |  | 459
Changes in net working capital |  | $ | 215 |  | $ | 573 |  | $ | 981
Working capital is defined as current assets (excluding cash) less current liabilities (excluding convertible debt) and measures the net liquid assets the Company has available for the business. Adjustments for non-cash items Adjustments of non-cash items in the statements of comprehensive loss:
|  | Year Ended
|  | December 31,
|  | 2020 |  | 2019 |  | 2018
|  | (USD in thousands)
Income taxes |  | $ | (1,557) |  | $ | (825) |  | $ | (735)
Tax credit schemes accounted for as grants |  |  | (510) |  |  | — |  |  | —
Depreciation and amortization |  |  | 105 |  |  | 81 |  |  | 74
Interest income |  |  | — |  |  | (9) |  |  | (2)
Interest expense |  |  | 30 |  |  | 39 |  |  | 15
Share-based compensation expenses |  |  | 3,408 |  |  | 2,362 |  |  | 2,069
Change in fair value of convertible debt instruments |  |  | — |  |  | 1,183 |  |  | 684
Other adjustments: Other adjustments, primarily exchange rate adjustments |  |  | 107 |  |  | 114 |  |  | 18
Total adjustments for non-cash items |  | $ | 1,583 |  | $ | 2,945 |  | $ | 2,123
Reconciliation of Liabilities from Financing Activities
|  | December 31, |  |  |  |  | Accumulated |  |  |  |  | Exchange rate |  | December 31,
(USD in thousands) |  | 2019 |  | Cash flows |  | interest |  | Additions |  | adjustment |  | 2020
Lease liabilities |  | $ | 36 |  | $ | (74) |  | $ | 1 |  | $ | 54 |  | $ | 3 |  | $ | 20
Total liabilities from financing activities |  | $ | 36 |  | $ | (74) |  | $ | 1 |  | $ | 54 |  | $ | 3 |  | $ | 20
|  | December 31, |  |  |  |  | Accumulated |  | Fair value |  |  |  |  |  |  |  | Exchange rate |  | December 31,
(USD in thousands) |  | 2018 |  | Cash flows |  | interest |  | adjustment |  | Additions |  | Conversion |  | adjustment |  | 2019
Lease liabilities |  | $ | 99 |  | $ | (75) |  | $ | 2 |  | $ | — |  | $ | 12 |  | $ | — |  | $ | (2) |  | $ | 36
Convertible debt instruments |  |  | 8,569 |  |  | 152 |  |  | — |  |  | 1,183 |  |  | — |  |  | (9,695) |  |  | (209) |  |  | —
Total liabilities from financing activities |  | $ | 8,668 |  | $ | 77 |  | $ | 2 |  | $ | 1,183 |  | $ | 12 |  | $ | (9,695) |  | $ | (211) |  | $ | 36

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- Definition The disclosure of cash and cash equivalents. [Refer: Cash and cash equivalents] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
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