Balance Sheet

v3.24.1

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 20,729,983	$ 10,867,050
Accounts receivable	242,617	72,609
Prepaid expenses	521,370	784,920
Other current assets	360,125	447,566
Total Current Assets	21,854,095	12,172,145
Property and equipment, net	5,523,013	5,393,012
Operating lease right-of-use assets	549,504	619,392
Intangible assets, net	23,886	110,505
Total Assets	27,950,498	18,295,054
Current Liabilities
Accounts payable	3,211,287	3,043,008
Accrued liabilities	3,928,761	2,872,247
Deferred revenue	23,000,000	10,000,000
Management and directors' fees payable	59,625	71,119
Current portion of long-term debt	1,207,007	1,066,700
Warrant liability	126,649	0
Current portion of financing lease liabilities	48,570	46,014
Current portion of operating lease liabilities	199,323	245,163
Current portion of grant repayable	55,855	41,836
Total Current Liabilities	31,837,077	17,386,087
Long-term debt, net of current portion	3,624,860	2,779,240
Finance lease liabilities, net of current portion	400,022	436,132
Operating lease liabilities, net of current portion	378,054	400,091
Grant repayable, net of current portion	422,707	420,466
Total Liabilities	36,662,720	21,422,016
Stockholders' Deficit
Common stock Authorized: 100,000,000 shares of common stock, at $0.001 par value Issued and outstanding: 81,898,321 shares and 57,873,379 shares, respectively	81,898	57,873
Additional paid-in capital	194,448,414	164,397,468
Accumulated other comprehensive income	243,940	227,097
Accumulated deficit	(202,576,507)	(167,257,429)
Total VolitionRx Limited Stockholders' Deficit	(7,802,255)	(2,574,991)
Non-controlling interest	(909,967)	(551,971)
Total Stockholders' Deficit	(8,712,222)	(3,126,962)
Total Liabilities and Stockholders' Deficit	$ 27,950,498	$ 18,295,054

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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