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Cash and Cash Equivalents (Tables)

12 Months Ended

Dec. 31, 2020

Cash and Cash Equivalents

Schedule of 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

Schedule of 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

Schedule of adjustments for non-cash items


		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

Schedule of 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