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Employees and Employee-Related Costs (Tables) | 12 Months Ended
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Dec. 31, 2020
Employees and Employee-Related Costs |
Schedule of number of employees |
|  | 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
Schedule of 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
Schedule of 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

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