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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Summary of Operating Leases

The Company has the following operating leases:

 

Location

 

Primary Use

 

Lease
Expiration Date

 

Renewal Option

Copenhagen, Denmark

 

Corporate headquarters

 

January 2025

 

None

London, United Kingdom

 

Office space

 

February 2024

 

None

Gothenburg, Sweden

 

Office space

 

May 2023

 

None

Stevenage, United Kingdom

 

Laboratory space

 

January 2024

 

None

Quantitative Information Regarding Leases

Quantitative information regarding the Company’s leases for the three and six months ended June 30, 2022 and 2021 was as follows:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

Lease Cost

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease cost (in thousands)

 

$

117

 

 

$

125

 

 

$

243

 

 

$

244

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows paid for amounts included
   in the measurement of lease liabilities
(in thousands)

 

$

120

 

 

$

142

 

 

$

234

 

 

$

261

 

Operating lease liabilities arising from obtaining
   right-of-use assets
(in thousands)

 

$

 

 

$

409

 

 

$

 

 

$

409

 

Summary of Operating Lease Liabilities

Operating lease liabilities at June 30, 2022 are as follows (in thousands):

 

 

 

Operating

 

Future Lease Payments

 

Leases

 

2022 (excluding the period ended June 30, 2022)

 

$

287

 

2023

 

 

513

 

2024

 

 

229

 

2025

 

 

16

 

2026

 

 

 

Total lease payments

 

 

1,045

 

Less: imputed interest

 

 

(76

)

Total lease liabilities

 

$

969