PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2017

Property And Equipment

NOTE 6 - PROPERTY AND EQUIPMENT

The carrying value of property and equipment included the following changes for the years ended December 31, 2017 and 2016

In Thousands of US Dollars
	Laboratory Equipment		Computer Equipment			Office Equipment			Total
Cost
Balance at December 31, 2014	$	418	$	32		$	102		$	552
Additions		-		-			-			-
Disposals		-		(2	)		(13	)		(15	)
Balance at December 31, 2015		418		30			89			537
Additions		–		1			–			1
Disposals		–		–			–			–
Balance at December 31, 2016		418		31			89			538
Additions		–		–			–			–
Disposals		–		–			–			–
Balance at December 31, 2017	$	418	$	31		$	89		$	538
Accumulated depreciation
Balance at December 31, 2014		417		27			99			543
Additions		1		2			2			5
Disposals		-		(2	)		(14	)		(15	)
Balance at December 31, 2015	$	418	$	27		$	87		$	533
Depreciation for the year		–		3			1			3
Disposals		–		–			–			–
Balance at December 31, 2016		418		30			88		$	537
Depreciation for the year		–		1			1			1
Disposals		–		–			–			–
Balance at December 31, 2017	$	418	$	31		$	89		$	538
Carrying amounts
At December 31, 2015	$	-	$	2		$	1		$	3
At December 31, 2016	$	-	$	1		$	1		$	2
At December 31, 2017	$	-	$	1		$	-		$	1

The depreciation expense of property and equipment amounts to $1,153, $3,438 and $6,002 for the years ended December 31, 2017, 2016 and 2015, respectively and is included in research and development in the statements of operations and comprehensive loss.