Balance Sheet

v3.23.2

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 19,743,274	$ 10,867,050
Accounts receivable	196,487	72,609
Prepaid expenses	1,024,728	784,920
Other current assets	542,639	447,566
Total Current Assets	21,507,128	12,172,145
Property and equipment, net	5,455,395	5,393,012
Operating lease right-of-use assets	530,669	619,392
Intangible assets, net	67,722	110,505
Total Assets	27,560,914	18,295,054
Current Liabilities
Accounts payable	3,492,746	3,043,008
Accrued liabilities	3,391,347	2,872,247
Deferred revenue	10,000,000	10,000,000
Management and directors' fees payable	72,997	71,119
Current portion of long-term debt	1,199,386	1,066,700
Current portion of finance lease liabilities	47,419	46,014
Current portion of operating lease liabilities	218,142	245,163
Current portion of grant repayable	42,558	41,836
Warrant liability	337,989	0
Total Current Liabilities	18,802,584	17,386,087
Long-term debt, net of current portion	2,452,305	2,779,240
Finance lease liabilities, net of current portion	419,804	436,132
Operating lease liabilities, net of current portion	340,314	400,091
Grant repayable, net of current portion	427,732	420,466
Total Long-Term Liabilities	3,640,155	4,035,929
Total Liabilities	22,442,739	21,422,016
Stockholders' Equity (Deficit)
Common Stock Authorized: 100,000,000 shares of common stock, at $0.001 par value Issued and outstanding: 78,136,364 shares and 57,873,379 shares, respectively	78,137	57,873
Additional paid-in capital	191,065,293	164,397,468
Accumulated other comprehensive income	208,331	227,097
Accumulated deficit	(185,507,956)	(167,257,429)
Total VolitionRx Limited Stockholders' Equity (Deficit)	5,843,805	(2,574,991)
Non-controlling interest	(725,630)	(551,971)
Total Stockholders' Equity (Deficit)	5,118,175	(3,126,962)
Total Liabilities and Stockholders' Equity (Deficit)	$ 27,560,914	$ 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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