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v3.21.1

Statements of Changes in Equity kr in Thousands, $ in Thousands | Share capital DKK (kr) | Share capital USD ($) | Share premium USD ($) | Foreign currency translation reserved USD ($) | Accumulated deficit USD ($) | USD ($)
--- | --- | --- | --- | --- | --- | ---
Equity at December 31, 2017 |  | $ 117 | $ 6,102 | $ (156) | $ (3,513) | $ 2,550
Bonus share issuance |  | 1,996 | (1,996) |  |  |
Equity at Dec. 31, 2017 | kr 12,917 | 2,113 | 4,106 | (156) | (3,513) | 2,550
Net loss for the year |  |  |  |  | (5,535) | (5,535)
Other comprehensive income |  |  |  | (15) |  | (15)
Share-based compensation expenses |  |  |  |  | 2,069 | 2,069
Equity at Dec. 31, 2018 | 12,917 | 2,113 | 4,106 | (171) | (6,979) | (931)
Net loss for the year |  |  |  |  | (11,195) | (11,195)
Other comprehensive income |  |  |  | 2 |  | 2
Share-based compensation expenses |  |  |  |  | 2,362 | 2,362
Issuance of shares for cash |  | 181 | 9,261 |  |  | 9,442
Transaction costs |  |  | (13) |  |  | (13)
Settlement of convertible debt instruments |  | 187 | 9,508 |  |  | 9,695
Equity at Dec. 31, 2019 | 15,184 | 2,481 | 22,862 | (169) | (15,812) | 9,362
Net loss for the year |  |  |  |  | (15,018) | (15,018)
Other comprehensive income |  |  |  | 395 |  | 395
Share-based compensation expenses |  |  |  |  | 3,551 | 3,551
Issuance of shares for cash |  | 167 | 8,853 |  |  | 9,020
Transaction costs |  |  | (272) |  |  | (272)
Equity at Dec. 31, 2020 | kr 16,198 | $ 2,648 | $ 31,443 | $ 226 | $ (27,279) | $ 7,038

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