Income and Expenses (Tables)

12 Months Ended

Dec. 31, 2022

Analysis of income and expense [abstract]

Schedule of Operating Expenses

in CHF thousands	For the Years Ended December 31,
	Research and Development Expenses									General and Administrative Expenses									Total Operating Expenses
	2022			2021			2020			2022			2021			2020			2022			2021			2020
Personnel expense		(4,608	)		(4,407	)		(3,826	)		(4,449	)		(2,416	)		(1,771	)		(9,057	)		(6,823	)		(5,597	)
Payroll		(4,313	)		(4,189	)		(3,612	)		(3,939	)		(2,306	)		(1,657	)		(8,252	)		(6,495	)		(5,269	)
Share-based compensation		(295	)		(218	)		(214	)		(510	)		(110	)		(114	)		(804	)		(328	)		(328	)
Operating expenses		(17,616	)		(5,161	)		(5,510	)		(6,615	)		(2,208	)		(2,221	)		(24,231	)		(7,369	)		(7,732	)
External service providers		(17,205	)		(4,786	)		(5,154	)		(2,294	)		(1,681	)		(1,744	)		(19,499	)		(6,467	)		(6,898	)
Other operating expenses		(184	)		(189	)		(167	)		(4,249	)		(478	)		(438	)		(4,433	)		(667	)		(606	)
Depreciation of PPE		(111	)		(78	)		(89	)		(20	)		(10	)		(15	)		(132	)		(88	)		(104	)
Depreciation of right-of-use assets		(116	)		(108	)		(99	)		(52	)		(39	)		(24	)		(167	)		(147	)		(124	)
Total		(22,224	)		(9,568	)		(9,337	)		(11,064	)		(4,624	)		(3,992	)		(33,288	)		(14,192	)		(13,329	)

Schedule of Finance Income

Finance income
in CHF thousands	For the Years Ended December 31,
	2022		2021		2020
Interest income		126		21		10
Total finance income		126		21		10

Schedule of Finance Expense

Finance expense
in CHF thousands	For the Years Ended December 31,
	2022			2021			2020
Interest expense accrued on Series B and C preferred shares		(6,343	)		(4,996	)		(2,560	)
Interests on lease liabilities		(45	)		(49	)		(50	)
Interest expense		(54	)		(75	)		(18	)
Total finance expense		(6,442	)		(5,120	)		(2,628	)

Schedule of Total Tax (Expense)

	For the Years Ended December 31,
in CHF thousands	2022			2021			2020
Current income tax (expense) / benefit		(90	)		(22	)		(1	)
Deferred tax (expense) / income		35			(5	)		(82	)
Total tax (expense) / income reported in the income statement		(55	)		(27	)		(83	)

Schedule of Reconciliation of Profit (Loss) Multiplied by Weighted Average Applicable Tax Rate

	For the Years Ended December 31,
in CHF thousands	2022			2021			2020
Groups average expected tax rate		13.9	%		13.6	%		13.6	%
Accounting loss before income tax		(38,643	)		(18,524	)		(14,790	)
Taxes at weighted average income tax		5,380			2,521			1,997
Effect of unrecorded tax losses		(4,468	)		(1,869	)		(1,732	)
Effect of non deductible expenses		(968	)		(679	)		(348	)
Total tax income / (expense) reported in the income statement		(55	)		(27	)		(83	)

Schedule of Group Reportable Losses Maturity

Below is the maturity of the Group reportable losses:

	As of December 31,
in CHF thousands	2022		2021
2025		16,733		16,733
2026		13,113		13,113
2027		12,437		12,437
2028		14,865		14,865
2029		31,790		-
Total		88,938		57,148

Schedule of Deductible Temporary Differences for which No Deferred Tax Asset is Recognised

The Group did not recognize the following temporary differences:

	As of December 31,
in CHF thousands	2022			2021
Pension		91			845
Tax losses in Switzerland		88,938			57,148
Leasing		(125	)		(85	)
Intangible asset		(4,025	)		(4,025	)
Total		84,879			53,883

Schedule of Deferred Taxes

	For the Years Ended December 31,
The balance sheet contains the following	2022		2021
Deferred tax assets		24		-
Deferred tax liabilities		-		(11	)