| INTANGIBLE ASSETS |
NOTE
4. INTANGIBLE ASSETS
The
Company’s intangible assets consist of the following:
SCHEDULE
OF INTANGIBLE ASSETS
| |
|
Software |
|
|
Patents and Licenses |
|
|
Total |
|
| Cost |
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2023 |
|
|
49,613 |
|
|
|
810,993 |
|
|
|
860,606 |
|
| Cost, Beginning balance |
|
|
49,613 |
|
|
|
810,993 |
|
|
|
860,606 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Additions |
|
|
- |
|
|
|
14,828 |
|
|
|
14,828 |
|
| At June 30, 2024 |
|
|
49,613 |
|
|
|
825,821 |
|
|
|
875,434 |
|
| Cost, Ending balance |
|
|
49,613 |
|
|
|
825,821 |
|
|
|
875,434 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2023 |
|
|
49,613 |
|
|
|
195,823 |
|
|
|
245,436 |
|
| Amortization, Beginning balance |
|
|
49,613 |
|
|
|
195,823 |
|
|
|
245,436 |
|
| Amortization expense |
|
|
- |
|
|
|
24,792 |
|
|
|
24,792 |
|
| At June 30, 2024 |
|
|
49,613 |
|
|
|
220,615 |
|
|
|
270,228 |
|
| Amortization, Ending balance |
|
|
49,613 |
|
|
|
220,615 |
|
|
|
270,228 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net book value |
|
|
|
|
|
|
|
|
|
|
|
|
| At June 30, 2024 |
|
£ |
- |
|
|
£ |
605,206 |
|
|
£ |
605,206 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2023 |
|
£ |
- |
|
|
£ |
615,170 |
|
|
£ |
615,170 |
|
Amortization
expense on these assets for the six months ended June 30, 2024 and 2023, was £24,792
and £11,234,
respectively, and is included in research and development expenses in the accompanying unaudited condensed consolidated statements of
operations.
|