(US$ in thousands)

OV-SPV2 ApS
Non-controlling
Interest

OV US Inc.
Non-controlling
interest

Total
Non-controlling
Interest

Balance at December 31, 2018:

$

2,550

$

802

$

3,352

Acquisition of 8% of OV-SPV2 ApS for cash of $802

(371

)

—

(371

)

Income (loss) for 2019

(77

)

(10

)

(87

)

Foreign currency translation

(60

)

(18

)

(78

)

Balance at December 31, 2019

2,042

774

2,816

Acquisition of 37% of OV-SPV2 ApS for shares (see (d) above)

(2,103

)

—

(2,103

)

Acquisition of 16.09% of OV US Inc. for shares (see (e) above)

—

(758

)

(758

)

Income (Loss) for 2020

17

(32

)

(15

)

Foreign currency translation

44

16

60

Balance at December 31, 2020

$

—

$

—

$

—