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Property and Equipment
3 Months Ended
Mar. 31, 2022
Disclosure Of Property Plant And Equipment [Abstract]  
Property and Equipment

5. PROPERTY AND EQUIPMENT

 

 

 

COMPUTER
   AND
   OFFICE
EQUIPMENT

 

 

LEASEHOLD
IMPROVEMENTS

 

 

TOTAL

 

At January 1, 2022

 

 

433

 

 

 

136

 

 

 

569

 

Additions

 

 

143

 

 

 

1

 

 

 

144

 

Depreciation charge

 

 

(36

)

 

 

(7

)

 

 

(43

)

Translation differences

 

 

(37

)

 

 

2

 

 

 

(35

)

At March 31, 2022

 

 

503

 

 

 

132

 

 

 

635

 

Cost

 

 

812

 

 

 

224

 

 

 

1,036

 

Accumulated depreciation

 

 

(309

)

 

 

(92

)

 

 

(401

)

Net book amount at March 31, 2022

 

 

503

 

 

 

132

 

 

 

635

 

At January 1, 2021

 

 

342

 

 

 

173

 

 

 

515

 

Additions

 

 

30

 

 

 

 

 

 

30

 

Depreciation charge

 

 

(27

)

 

 

(8

)

 

 

(35

)

Translation differences

 

 

(15

)

 

 

(7

)

 

 

(22

)

At March 31, 2021

 

 

330

 

 

 

158

 

 

 

488

 

Cost

 

 

650

 

 

 

232

 

 

 

882

 

Accumulated depreciation

 

 

(320

)

 

 

(74

)

 

 

(394

)

Net book amount at March 31, 2021

 

 

330

 

 

 

158

 

 

 

488

 

 

For the three months ended March 31, 2022 and 2021, cash paid for the acquisition of property and equipment was $143 and $30, respectively. For the three months ended March 31, 2022 the Company expensed low value office equipment with net book value of $36.

The following is the reconciliation of depreciation expense for the three months ended March 31, 2022 and 2021:

 

 

 

THREE MONTHS
ENDED
MARCH 31,

 

 

 

2022

 

 

2021

 

Depreciation expensed to technology expenses

 

 

 

 

 

4

 

Depreciation expensed to general and administrative expenses

 

 

43

 

 

 

31

 

Total depreciation expense

 

 

43

 

 

 

35