v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash $ 9,450,944 $ 10,441
Accounts receivable 21,274 12,534
Prepaid expenses and other current assets 960,848 299,013
Derivative asset 2,587,581 0
Total current assets 13,020,647 321,988
Property and equipment, net 17,332 79,593
Intangible assets 6,750,178 2,134,903
Total non-current assets 6,767,510 2,214,496
Total assets 19,788,157 2,536,484
Current liabilities    
Accounts payable 7,303,060 4,569,703
Due to related party (refer to note 13) 1,054,429 777,576
Accrued expenses and other payables 9,513,932 4,492,790
Short term debt to related party (refer to note 13) 5,102,211 6,225,815
Short term convertible debt 10,288,123 31,088,259
Short term convertible debt to related party (7.4) 95,309 132,269
Convertible promissory notes 6,428,825 0
Ordinary shares payable 1,206,609 8,223,928
Share-based payment liability 1,400,000 1,311,028
Advisors loans 12,812,366 0
Derivative liabilities 2,579,875 0
Total current liabilities 57,784,739 56,821,368
Total liabilities 57,784,739 56,821,368
Commitments (refer to note 16)
Shareholders' deficit    
Ordinary shares, Pound Sterling 0.0001 nominal value 208,260,754 shares issued and outstanding as of December 31, 2024; 152,262,295 shares issued and outstanding as of December 31, 2023; 256,365,817 and 161,710,480 shares authorized as of December 31, 2024 and 2023 (refer to note 2.19) 26,816 127,310
Series A shares, Pound sterling 0.0001 nominal value 4,575,983 shares issued, authorized and outstanding as of December 31, 2023 (refer to note 2.19) 0 3,868
Additional paid-in capital 194,062,767 172,204,832
Share subscription receivable (80) (178,720)
Accumulated deficit (232,075,815) (226,291,430)
Accumulated other comprehensive loss (10,270) (150,744)
Total stockholders' deficit (37,996,582) (54,284,884)
Total liabilities and stockholders' deficit $ 19,788,157 $ 2,536,484