Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - GBP (£)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents £ 1,004,329 £ 2,462,609
Corporation tax receivable 1,260,121 1,043,593
Prepaid expenses and other current assets 1,687,869 2,194,725
Total current assets 3,952,319 5,700,927
Non-current assets:    
Property and equipment, net 1,072,844 1,274,798
Operating lease right of use assets 1,241,026 1,340,769
Intangible assets, net 605,206 615,170
Total assets 6,871,395 8,931,664
Current liabilities:    
Accounts payable and accrued liabilities 3,211,690 4,431,840
Derivative liability 1,991 13,437
Current portion of operating lease liability 314,782 305,324
Total current liabilities 3,528,463 4,750,601
Non-current operating lease liability 1,338,745 1,495,833
Total liabilities 4,867,208 6,246,434
Shareholders’ Equity:    
Ordinary shares, £0.0001 par value, 98,902,641 and 20,570,088 authorized, issued, and outstanding as of June 30, 2024 and December 31, 2023, respectively 9,891 2,057
Deferred shares, £0.0001 par value, 794,955 authorized, issued, and outstanding as of June 30, 2024 and December 31, 2023, respectively 397,398 397,398
Additional paid-in capital 45,742,595 41,123,065
Accumulated deficit (44,145,697) (38,837,290)
Total shareholders’ equity 2,004,187 2,685,230
Total liabilities and shareholders’ equity £ 6,871,395 £ 8,931,664