v3.26.1
Consolidated Statements of Cash Flows - GBP (£)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net loss £ (5,164,015) £ (4,036,268)
Adjustment to reconcile net loss to cash used in operating activities:    
Depreciation and amortization expense 1,006,144 1,005,726
Share-based compensation 229,547 333,606
PIK Interest 81,426
Change in fair value of convertible notes 117,755
Changes in operating assets and liabilities:    
Accrued income 13,833 54,181
Other current assets 279,998 31,470
Accounts payable and accrued expenses (1,052,636) 181,023
Accrued interest - related party 134,510 132,699
Accrued interest (36,392) 204,799
Net cash used in operating activities (4,507,585) (1,975,009)
Cash flows from Investing Activities    
Purchases of property and equipment (1,784) (457)
Net cash used in investing activities (1,784) (457)
Cash flows from Financing Activities    
Proceeds from performance incentive grants exercised 4,441,868
Proceeds from issuance of loans - related parties 500,000
Proceeds from the issuance of convertible notes payable 800,000
Repayments of notes payable (225,000)
Proceeds from the issuance of convertible notes payable - related parties 1,250,000
Net cash provided by financing activities 4,716,868 2,050,000
Net increase in cash 207,499 74,534
Cash, beginning of year 3,066 28,066
Cash, end of the year £ 210,565 £ 102,600