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Employees and Employee-Related Costs | 12 Months Ended
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Dec. 31, 2020
Employees and Employee-Related Costs |
Employees and Employee-Related Costs | Note 7. Employees and Employee-Related Costs The number of employees, including executive and non-executive directs, during the year was as follows:
|  | Years Ended December 31,
|  | 2020 |  | 2019 |  | 2018
Average number of full-time employees |  | 33 |  | 25 |  | 18
Number of employees at end of period: |  |  |  |  |  |
Denmark and United States |  | 35 |  | 31 |  | 20
Total employees, at end of period |  | 35 |  | 31 |  | 20
Employee Costs:
|  | Years Ended December 31,
|  | 2020 |  | 2019 |  | 2018
|  | (USD in thousands)
Wages and salaries |  | $ | 4,016 |  | $ | 2,819 |  | $ | 1,733
Share-based compensation expenses |  |  | 3,408 |  |  | 2,362 |  |  | 2,069
Defined contribution plans |  |  | 206 |  |  | 96 |  |  | 70
Other social security expenses |  |  | 17 |  |  | 12 |  |  | 10
Other staff expenses |  |  | 196 |  |  | 176 |  |  | 133
Total |  | $ | 7,843 |  | $ | 5,465 |  | $ | 4,015
|  | Years Ended December 31,
|  | 2020 |  | 2019 |  | 2018
|  | (USD in thousands)
Total Employee costs classified as: |  |  |  |  |  |  |  |  |
Research and development expenses |  | $ | 4,833 |  | $ | 3,607 |  | $ | 2,652
General and administrative expenses |  |  | 3,010 |  |  | 1,858 |  |  | 1,363
Total |  | $ | 7,843 |  | $ | 5,465 |  | $ | 4,015
|  | Years Ended December 31,
|  | 2020 |  | 2019 |  | 2018
|  | (USD in thousands)
Non-management employee benefit expenses classified as: |  |  |  |  |  |  |  |  |
Research and development expenses |  | $ | 4,009 |  | $ | 2,590 |  | $ | 1,686
General and administrative expenses |  |  | 611 |  |  | 668 |  |  | 26
Total |  | $ | 4,620 |  | $ | 3,258 |  | $ | 1,712
Remuneration to the Board of Directors and Executive Management
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
|  | (USD in thousands)
Remuneration to the Executive Management: |  |  |  |  |  |  |  |  |
Wages and salaries |  | $ | 1,298 |  | $ | 900 |  | $ | 621
Share-based compensation expenses |  |  | 1,566 |  |  | 956 |  |  | 1,157
Total |  |  | 2,864 |  |  | 1,856 |  |  | 1,778
Remuneration to the Board of Directors: |  |  |  |  |  |  |  |  |
Share-based compensation expenses |  |  | 359 |  |  | 351 |  |  | 525
Total |  |  | 359 |  |  | 351 |  |  | 525
Remuneration to the Board of Directors and Executive Management classified as: |  |  |  |  |  |  |  |  |
Research and development expenses |  |  | 824 |  |  | 1,017 |  |  | 965
General and administrative expenses |  |  | 2,399 |  |  | 1,190 |  |  | 1,338
Total |  | $ | 3,223 |  | $ | 2,207 |  | $ | 2,303
The Executive Management was comprised of three members during 2018. This was expanded to four members in January 2019 and expanded again to five members in October 2019, of which one member resigned in 2020.

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