PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2020

NOTE 6 - PROPERTY AND EQUIPMENT

The carrying value of property and equipment included the following changes for the years ended December 31, 2020, 2019 and 2018:

In Thousands of US Dollars
	Laboratory Equipment		Computer Equipment		Office Equipment		Total
Cost
Balance at December 31, 2017	$	418	$	31	$	89	$	538
Additions		–		12		24		36
Disposals		–		–		–		–
Balance at December 31, 2018		418	$	43	$	113	$	574
Additions		–		-		-		-
Disposals		–		–		–		–
Balance at December 31, 2019		418	$	43	$	113	$	574
Additions		–		13		-		13
Disposals		–		–		–		–
Balance at December 31, 2020	$	418	$	56	$	113	$	587
Accumulated depreciation
Balance at December 31, 2017		418		31		89	$	538
Depreciation for the year		–		2		1		3
Disposals		–		–		–		–
Balance at December 31, 2018	$	418	$	33	$	90	$	541
Depreciation for the year		–		4		5		9
Disposals		–		–		–		–
Balance at December 31, 2019		418	$	37	$	95	$	550
Depreciation for the year		–		4		5		9
Disposals		–		–		–		–
Balance at December 31, 2020	$	418	$	41	$	100	$	559
Carrying amounts
At December 31, 2018	$	-	$	10	$	23	$	33
At December 31, 2019	$	-	$	6	$	19	$	25
At December 31, 2020	$	-	$	15	$	13	$	28

The depreciation expense of property and equipment amounts to $9,236, $8,684 and $3,041 for the years ended December 31, 2020, 2019 and 2018, respectively and is included in research and development in the statements of operations and comprehensive loss.