Annual report pursuant to Section 13 and 15(d)

Income Taxes (Details - Deferred Tax Assets)

v3.24.1
Income Taxes (Details - Deferred Tax Assets) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Foreign net operating loss carryforwards $ 6,573,614 $ 6,085,858
IPR&D 8,066,098 8,546,593
Share-based expense 2,235,214 2,169,480
Enhanced research and development tax credits 2,038,421 1,820,269
Capitalized research and experimental expenditure 1,473,049 735,702
U.S. state net operating loss carryforwards 2,142,380 1,913,128
Depreciation 250,669 288,887
Lease liability 0 0
Total deferred tax assets before valuation allowance 39,707,112 38,569,096
Valuation allowance for deferred tax assets (39,707,112) (38,569,096)
Net deferred tax assets 0 0
Right of use asset - leases 0 0
Total deferred tax liabilities 0 0
Net deferred tax assets and liabilities 0 0
UNITED KINGDOM    
Foreign net operating loss carryforwards 14,664,858 14,812,743
Foreign capital loss carryforwards 1,545,934 1,545,934
SWITZERLAND    
Foreign net operating loss carryforwards 23,868 22,722
GERMANY    
Foreign net operating loss carryforwards $ 693,007 $ 627,780