Balance Sheet

v3.26.1

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 1,117,028	$ 3,264,429
Accounts receivable, net	317,808	110,574
Prepaid expenses	433,680	338,660
Other current assets	192,409	343,145
Total Current Assets	2,060,925	4,056,808
Property and equipment, net	4,027,849	4,429,152
Operating lease right-of-use assets	495,749	599,816
Intangible assets, net	316,704	313,747
Total Assets	6,901,227	9,399,523
Current Liabilities
Accounts payable	2,918,768	2,766,178
Accrued liabilities	4,211,828	3,476,903
Deferred revenue	353,846	230,000
Management and directors' fees payable	80,939	30,086
Current portion of long-term debt	890,571	860,223
Current portion of financing lease liabilities	54,377	46,737
Current portion of operating lease liabilities	250,336	221,755
Current portion of grants repayable	117,093	60,979
Warrant liability	20,978	97,886
Derivative liability	913,742	0
Current portion of convertible note payable, net	2,418,275	0
Total Current Liabilities	12,230,753	7,790,747
Long-term debt, net of current portion	5,818,354	3,952,846
Deferred revenue, net of current portion	21,938,462	22,663,400
Finance lease liabilities, net of current portion	317,859	328,338
Operating lease liabilities, net of current portion	276,558	410,686
Grants repayable, net of current portion	473,652	361,242
Convertible note payable, net of current portion	1,438,400	0
Total Liabilities	42,494,038	35,507,259
Stockholders' Deficit
Common stock Authorized: 325,000,000 shares of common stock, at $0.001 par value Issued and outstanding: 125,779,769 shares and 96,097,485 shares, respectively	125,780	96,098
Additional paid-in capital	218,824,268	204,154,994
Accumulated other comprehensive income	(295,071)	385,631
Accumulated deficit	(252,901,370)	(229,544,343)
Total VolitionRx Limited Stockholders' Deficit	(34,246,393)	(24,907,620)
Non-controlling interest	(1,346,418)	(1,200,116)
Total Stockholders' Deficit	(35,592,811)	(26,107,736)
Total Liabilities and Stockholders' Deficit	$ 6,901,227	$ 9,399,523

- 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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