Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Details Narrative)

v3.24.1
FAIR VALUE MEASUREMENTS (Details Narrative)
Dec. 18, 2023
USD ($)
shares
Aug. 30, 2023
USD ($)
Aug. 30, 2023
GBP (£)
£ / shares
shares
Jul. 10, 2023
shares
Mar. 27, 2023
$ / shares
shares
Nov. 27, 2022
USD ($)
$ / shares
shares
Jun. 08, 2022
shares
Feb. 10, 2022
USD ($)
$ / shares
shares
Feb. 10, 2022
GBP (£)
shares
Dec. 31, 2023
$ / shares
Dec. 31, 2023
GBP (£)
£ / shares
Dec. 18, 2023
£ / shares
shares
Apr. 03, 2023
$ / shares
Mar. 30, 2023
$ / shares
Mar. 30, 2023
£ / shares
Dec. 31, 2022
$ / shares
Dec. 31, 2022
GBP (£)
Aug. 09, 2022
shares
Aug. 25, 2020
£ / shares
Cash and Cash Equivalents, at Carrying Value | £                     £ 2,462,609           £ 4,808,060    
Warrants to purchase up         140,000     6,278                      
Proceeds from warrant exercises   $ 2,800,000 £ 2,200,000                                
Lowest closing price of ordinary shares | (per share)                         $ 0.20           £ 215.00
Balance, shares             230,000 63,280 63,280                    
Warrants outstanding                                   233,560  
Series A Warrant [Member]                                      
Fair value of warrants price per share | $ / shares                   $ 0.37           $ 51.60      
Series B Warrant [Member]                                      
Fair value of warrants price per share | $ / shares                   0.01           36.80      
Series AB Placement Agent Warrants [Member]                                      
Fair value of warrants price per share | $ / shares                   $ 0.31           $ 51.20      
Series C Warrants [Member]                                      
Fair value of warrants price per share | $ / shares                           $ 21.63          
Series C Placement Agent Warrants [Member]                                      
Fair value of warrants price per share | £ / shares                     £ 0.69              
Series D Warrants [Member]                                      
Fair value of warrants price per share | £ / shares     £ 8.46                                
Series D Placement Agent Warrants [Member]                                      
Fair value of warrants price per share | £ / shares     £ 8.20                                
Series E Warrants [Member]                                      
Fair value of warrants price per share | £ / shares                       £ 1.97              
Series E Placement Agent Warrants [Member]                                      
Fair value of warrants price per share | £ / shares                       £ 1.89              
Series A Warrant [Member]                                      
Warrants outstanding     70,000                                
Series B Warrant [Member]                                      
Warrants outstanding     70,000                                
Placement Agent Warrants [Member]                                      
Warrants to purchase up     23,391                                
Series C Warrant [Member]                                      
Warrants outstanding     171,875                                
Series A, B and C Warrant [Member]                                      
Proceeds from warrant exercises | £     £ 2,800,000                                
Series D Warrants [Member]                                      
Warrants to purchase up     623,750                                
November 2022 Warrant [Member]                                      
Warrants to purchase up       140,000                              
March 2023 Warrants, November 2022 Warrants and Existing Warrants [Member]                                      
Warrants to purchase up       171,875                              
Warrant rights description       (i) amend the current exercise price on all Existing Warrants so that it is now equal to £7.00, (ii) extend the termination date on 50% of the November 2022 Warrants and all of the March 2023 Warrants until May 30, 2028 and (iii) amend to the definition of “Black Scholes Value” included in Section 3(e) of the Existing Warrants. As a result of the amendments to the related warrants (Series A, Series B and Series C) they were reclassified to equity as they no longer contained a strike price denominated in a foreign currency                              
First Purchase Agreement [Member]                                      
Warrants to purchase up           7,750                          
First Purchase Agreement [Member] | Series A Warrant [Member]                                      
Warrants to purchase up           73,500                          
First Purchase Agreement [Member] | Series B Warrant [Member]                                      
Warrants to purchase up           73,500                          
Proceeds from warrant exercises | $           $ 7,350,000                          
First Purchase Agreement [Member] | Placement Agent Warrants [Member]                                      
Warrants to purchase up           5,513                          
First Purchase Agreement [Member] | Prefunded Warrant [Member]                                      
Warrants to purchase up           65,750                          
First Purchase Agreement [Member] | ADS and Ordinary Warrants [Member]                                      
Lowest closing price of ordinary shares | $ / shares           $ 100                          
First Purchase Agreement [Member] | Prefunded Warrant and Ordinary Warrants [Member]                                      
Lowest closing price of ordinary shares | $ / shares           $ 99.98                          
Second Securities Purchase Agreement [Member]                                      
Balance, shares         10,750                            
Second Securities Purchase Agreement [Member] | Placement Agent Warrants [Member]                                      
Warrants to purchase up         12,891                            
Second Securities Purchase Agreement [Member] | Series C Warrant [Member]                                      
Warrants to purchase up         171,875                            
Second Securities Purchase Agreement [Member] | Prefunded Warrant [Member]                                      
Warrants to purchase up         161,125                            
Second Securities Purchase Agreement [Member] | ADS and Ordinary Warrants [Member]                                      
Lowest closing price of ordinary shares | $ / shares         $ 32                            
Second Securities Purchase Agreement [Member] | Prefunded Warrant and Ordinary Warrants [Member]                                      
Lowest closing price of ordinary shares | $ / shares         31.98                            
Second Securities Purchase Agreement [Member] | Warrant [Member]                                      
Fair value of warrants price per share | $ / shares         $ 6.40                            
Securities Purchase Agreement [Member]                                      
Warrants to purchase up                       1,675,000              
Proceeds from warrant exercises | $ $ 3,500,000                                    
Balance, shares 75,000                                    
Securities Purchase Agreement [Member] | Placement Agent Warrants [Member]                                      
Warrants to purchase up                       131,250              
Securities Purchase Agreement [Member] | Series C Warrant [Member]                                      
Warrants to purchase up                       1,750,000              
Securities Purchase Agreement [Member] | ADS and Ordinary Warrants [Member]                                      
Lowest closing price of ordinary shares | £ / shares                       £ 2.00              
Securities Purchase Agreement [Member] | Prefunded Warrant and Ordinary Warrants [Member]                                      
Lowest closing price of ordinary shares | £ / shares                       £ 1.99              
IPO [Member]                                      
Fair value of warrants price per share | $ / shares               $ 4,250                      
Proceeds from warrant exercises               $ 17,500,000 £ 12,800,000                    
Balance, shares               82,353 82,353