Finance Income and Finance Expense (Tables)

12 Months Ended

Dec. 31, 2017

Research and Development Expense/General and Administrative Expense/Finance Income and Finance Expense [Abstract]

Components of finance income (cost)

	2017		2016			2015
Interest income		53,570		67,565			36,562
Net foreign currency exchange gain		1,912,681		843,950			1,806,206
Revaluation gain from derivative financial instruments		3,372,186		291,048			—
Total finance income		5,338,437		1,202,563			1,842,768
Interest expense (incl. Bank charges)		1,640,394		828,547			7,985
Net foreign currency exchange loss		2,737,273		944,047			662,100
Total finance expense		4,377,667		1,772,594			670,085
Finance income/(expense), net		960,770		(570,031	)		1,172,683