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Operating costs
12 Months Ended
Dec. 31, 2019
Operating costs  
Operating costs

18. Operating costs

 

 

 

 

 

 

 

 

    

2019

    

2018

    

2017

Staff costs (note 19)

 

4,288,815

 

2,224,206

 

751,277

Depreciation

 

333,844

 

2,938

 

15,249

External research and development costs

 

9,350,667

 

2,368,457

 

841,308

Laboratory consumables

 

230,097

 

144,169

 

29,764

Patent maintenance and registration costs

 

268,143

 

261,954

 

180,125

Professional fees

 

1,951,661

 

2,313,722

 

1,347,913

Operating leases

 

 —

 

179,102

 

96,889

Short term leases

 

26,150

 

 —

 

 —

Other operating costs

 

988,445

 

632,750

 

472,425

Total operating costs

 

17,437,822

 

8,127,298

 

3,734,950

 

Operating expenses have increased significantly during the year due to expanded R&D activities. Professional fees primarily relate to legal, auditors, G&A consultants and board members.