Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Consolidated Statements of Changes in Shareholders' Equity

v3.25.1
Consolidated Statements of Changes in Shareholders' Equity
$ in Millions
Common Stock [Member]
GBP (£)
shares
Deferred Stock [Member]
GBP (£)
shares
Additional Paid-in Capital [Member]
GBP (£)
Retained Earnings [Member]
GBP (£)
USD ($)
GBP (£)
Balance at Dec. 31, 2021 £ 195,476 £ 16,710,757 £ (33,465,282)   £ (16,559,049)
Balance, shares at Dec. 31, 2021 | shares 390,952        
Share-based compensation expense 1,123,250     1,123,250
Issuance of ordinary shares, net of issuance costs £ 202,017 16,597,811   16,799,828
Balance, shares | shares 559,006          
Redesignation of nominal value to deferred shares £ (397,398) 397,398  
Adjustments to convert from IFRS to GAAP 280,837   280,837
Net loss (1,313,601)   (1,313,601)
Balance at Dec. 31, 2022 £ 95 £ 397,398 34,431,818 (34,498,046)   331,265
Balance, shares at Dec. 31, 2022 | shares 949,958 794,955        
Share-based compensation expense 444,459   444,459
Issuance of ordinary shares, net of issuance costs £ 1,962 5,231,151   5,233,113
Balance, shares | shares 19,620,130        
Net loss (5,906,953)   (5,906,953)
Reclassification of warrants to equity 1,550,367   1,550,367
Issuance of warrants 1,032,979   1,032,979
Balance at Dec. 31, 2023 £ 2,057 £ 397,398 42,690,774 (40,404,999)   2,685,230
Balance, shares at Dec. 31, 2023 | shares 20,570,088 794,955        
Issuance of ordinary shares, net of issuance costs £ 28,751 762,972   791,723
Balance, shares | shares 287,504,353          
Net loss (12,154,030) $ (15.3) (12,154,030)
Share-based compensation expense 1,013,788   1,013,788
Issuance of shares in connection with exercise of warrants, net of issuance costs £ 168,341 10,504,571   10,672,912
Balance, shares | shares 1,683,404,000          
Ordinary shares issued in connection with stock dividend £ 55,933 (55,933)  
Balance, shares | shares 559,329,010          
Balance at Dec. 31, 2024 £ 255,082 £ 397,398 £ 54,916,172 £ (52,559,029) $ 3.8 £ 3,009,623
Balance, shares at Dec. 31, 2024 | shares 2,550,807,451 794,955