Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Operating Activities    
Net loss $ (8,213,529)us-gaap_NetIncomeLoss $ (3,710,289)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 142,131us-gaap_DepreciationAndAmortization 146,396us-gaap_DepreciationAndAmortization
Impairment of intangible asset    350,000us-gaap_ImpairmentOfIntangibleAssetsFinitelived
Stock based compensation 767,483us-gaap_ShareBasedCompensation 282,012us-gaap_ShareBasedCompensation
Common stock and warrants issued for services 708,182us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 472,425us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims
Amortization of stock issued in advance of services    250,833VNRX_AmortizationOfStockIssuedInAdvanceOfServices
Non-operating income - grants received (143,987)VNRX_NonoperatingIncomeGrantsReceived (865,623)VNRX_NonoperatingIncomeGrantsReceived
Loss on derivative re-measurement 1,424,554us-gaap_DerivativeGainLossOnDerivativeNet   
Derivative expense 995,547us-gaap_DerivativeCostOfHedge   
Changes in operating assets and liabilities:    
Prepaid expenses (78,335)us-gaap_IncreaseDecreaseInPrepaidExpense (50,621)us-gaap_IncreaseDecreaseInPrepaidExpense
Other current assets (24,731)us-gaap_IncreaseDecreaseInOtherCurrentAssets 5,964us-gaap_IncreaseDecreaseInOtherCurrentAssets
Accounts payable and accrued liabilities 281,860us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 34,697us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net Cash Used In Operating Activities (4,140,825)us-gaap_NetCashProvidedByUsedInOperatingActivities (3,084,206)us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing Activities    
Purchases of property and equipment (302,989)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (714)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net Cash Used in Investing Activities (302,989)us-gaap_NetCashProvidedByUsedInInvestingActivities (714)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing Activities    
Net proceeds from issuance of common shares 5,626,945us-gaap_ProceedsFromIssuanceOfCommonStock 2,828,250us-gaap_ProceedsFromIssuanceOfCommonStock
Grants received 143,987VNRX_ProceedsFromGrantsReceived 819,575VNRX_ProceedsFromGrantsReceived
Grants repaid (33,166)VNRX_GrantsRepaid   
Repayment of note payable    (54,396)us-gaap_RepaymentsOfRelatedPartyDebt
Net Cash Provided By Financing Activities 5,737,766us-gaap_NetCashProvidedByUsedInFinancingActivities 3,593,429us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of foreign exchange on cash (43,692)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 3,774us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Increase in Cash 1,250,260us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 512,283us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash - Beginning of Period 888,704us-gaap_Cash 376,421us-gaap_Cash
Cash - End of Period 2,138,964us-gaap_Cash 888,704us-gaap_Cash
Supplemental Disclosures of Cash Flow Information    
Interest paid 10,541us-gaap_InterestPaid   
Income tax paid      
Non Cash Financing Activities:    
Change in Derivative Liability after settlement of warrants 3,924,967VNRX_ChangeInDerivativeLiabilityAfterSettlementOfWarrants   
Common stock issued for debt