Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2014

XENETIC BIOSCIENCES, INC.

SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS

For the years ended December 31, 2014 and 2013

Valuation Allowance on
Deferred Tax Assets

Balance Beginning of Period

Additions (Deductions) Charged to (from) Income Tax Expense

Other Changes to Valuation Allowance

Balance End of Period

2014

(9,521,260

)

(4,252,149

)

–

(13,773,409

)

2013

(9,147,488

)

(373,772

)

–

(9,521,260

)