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General and administrative expenses
12 Months Ended
Dec. 31, 2021
Text Block [Abstract]  
General and administrative expenses

4. General and administrative expenses

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Personnel expenses (Note 5)

 

 

(7,033,913

)

 

 

(1,490,674

)

 

 

(49,601

)

Consulting fees

 

 

(757,233

)

 

 

(1,042,195

)

 

 

(990,730

)

Professional fees

 

 

(2,868,684

)

 

 

(943,322

)

 

 

(495,326

)

Accounting, tax and auditing fees

 

 

(1,306,714

)

 

 

(1,275,842

)

 

 

(300,841

)

Facilities, communication and office expenses

 

 

(5,648,763

)

 

 

(551,223

)

 

 

(236,904

)

Travel expenses

 

 

(143,582

)

 

 

(26,773

)

 

 

(167,062

)

Other expenses

 

 

(590,571

)

 

 

(168,462

)

 

 

(85,255

)

 

 

 

(18,349,460

)

 

 

(5,498,491

)

 

 

(2,325,719

)

 

In 2020 the Group entered into a number of lease arrangements, which were assessed to be short-term leases (with a lease term of 12 months equaling its non-cancellable period). The total outflow for the leases in 2021 was €199,111 (2020: €119,627 / 2019: € 78,897) and is included in the Facilities, communication & office expenses.

Depreciation expenses of €77,370 (2020 & 2019: €7,401 and €549 respectively) related to property, plant and equipment and leases is included in the other expenses.