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Property and Equipment
12 Months Ended
Dec. 31, 2021
Disclosure Of Property Plant And Equipment [Abstract]  
Property and Equipment

5. PROPERTY AND EQUIPMENT

 

 

COMPUTER
AND
OFFICE
EQUIPMENT

 

 

LEASEHOLD
IMPROVEMENTS

 

 

TOTAL

 

At January 1, 2021

 

 

 

 

 

 

 

 

 

Cost

 

 

663

 

 

 

243

 

 

 

906

 

Accumulated depreciation

 

 

(321

)

 

 

(70

)

 

 

(391

)

Net book amount

 

 

342

 

 

 

173

 

 

 

515

 

Year Ended December 31, 2021

 

 

 

 

 

 

 

 

 

Opening net book amount

 

 

342

 

 

 

173

 

 

 

515

 

Additions

 

 

305

 

 

 

 

 

 

305

 

Other movements

 

 

(36

)

 

 

 

 

 

(36

)

Depreciation charge

 

 

(152

)

 

 

(24

)

 

 

(176

)

Translation differences

 

 

(26

)

 

 

(13

)

 

 

(39

)

Closing net book amount

 

 

433

 

 

 

136

 

 

 

569

 

At December 31, 2021

 

 

 

 

 

 

 

 

 

Cost

 

 

738

 

 

 

223

 

 

 

961

 

Accumulated depreciation

 

 

(305

)

 

 

(87

)

 

 

(392

)

Net book amount

 

 

433

 

 

 

136

 

 

 

569

 

Year Ended December 31, 2020

 

 

 

 

 

 

 

 

 

Opening net book amount

 

 

376

 

 

 

175

 

 

 

551

 

Additions

 

 

41

 

 

 

5

 

 

 

46

 

Depreciation charge

 

 

(100

)

 

 

(23

)

 

 

(123

)

Translation differences

 

 

25

 

 

 

16

 

 

 

41

 

Closing net book amount

 

 

342

 

 

 

173

 

 

 

515

 

At December 31, 2020

 

 

 

 

 

 

 

 

 

Cost

 

 

663

 

 

 

243

 

 

 

906

 

Accumulated depreciation

 

 

(321

)

 

 

(70

)

 

 

(391

)

Net book amount

 

 

342

 

 

 

173

 

 

 

515

 

For the years ended December 31, 2021, 2020 and 2019, cash paid for the acquisition of property and equipment was $305, $46 and $195, respectively. For the year ended December 31, 2021, the Company expensed low value office equipment with a net book value of $36.

 

The following is the reconciliation of depreciation expense:

 

 

YEAR ENDED
DECEMBER 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Depreciation expensed to technology expenses

 

 

46

 

 

 

13

 

 

 

5

 

Depreciation expensed to general and administrative expenses

 

 

130

 

 

 

110

 

 

 

105

 

Total depreciation expense

 

 

176

 

 

 

123

 

 

 

110