Annual report pursuant to Section 13 and 15(d)

Income Taxes (Details - Deferred Tax Assets)

v3.23.1
Income Taxes (Details - Deferred Tax Assets) - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Foreign net operating loss carryforwards $ 6,085,858 $ 5,709,292
IPR&D 8,546,593 6,537,654
Share-based payments 2,169,480 2,052,590
Enhanced research and development tax credits 1,820,269 1,519,074
Capitalized research and experimental expenditure 735,702 0
U.S. state net operating loss carryforwards 1,913,128 1,730,756
Depreciation 288,887 268,309
Lease liability 0 7,388
Total deferred tax assets before valuation allowance 38,569,096 31,382,975
Valuation allowance for deferred tax assets (38,569,096) (31,375,587)
Net deferred tax assets   7,388
Right of use asset - leases 0 (7,388)
Total deferred tax liabilities 0 (7,388)
Net deferred tax assets and liabilities 0 0
UNITED KINGDOM    
Foreign net operating loss carryforwards 14,812,743 11,361,647
Foreign capital loss carryforwards 1,545,934 1,545,934
SWITZERLAND    
Foreign net operating loss carryforwards 22,722 21,758
GERMANY    
Foreign net operating loss carryforwards $ 627,780 $ 628,574