Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 4. INTANGIBLE ASSETS

 

The Company’s intangible assets consist of the following:

 

    Software     Patents and Licenses     Total  
Cost                        
At December 31, 2023     49,613       810,993       860,606  
Additions     -       5,618       5,618  
At March 31, 2024     49,613       816,611       866,224  
                         
Amortization                        
At December 31, 2023     49,613       195,823       245,436  
Amortization expense     -       12,276       12,276  
At March 31, 2024     49,613       208,099       257,712  
                         
Net book value                        
At March 31, 2024   £ -     £ 608,512     £ 608,512  
                         
At December 31, 2023   £ -     £ 615,170     £ 615,170  

 

Amortization expense on these assets for the three months ended March 31, 2024 and 2023, was £12,276 and £11,815, respectively, and is included in research and development expenses in the accompanying unaudited condensed consolidated statements of operations.