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Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
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3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Operating Activities | ||
| Net loss | $ (2,010,132)us-gaap_NetIncomeLoss | $ (2,194,426)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 40,158us-gaap_DepreciationAndAmortization | 30,914us-gaap_DepreciationAndAmortization |
| Stock based compensation | 296,548us-gaap_ShareBasedCompensation | 45,871us-gaap_ShareBasedCompensation |
| Common stock and warrants issued for services | 261us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | 121,732us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
| Non-operating income - grants received | (143,987)VNRX_NonoperatingIncomeGrantsReceived | |
| (Gain)/Loss on derivative re-measurement | (339,744)us-gaap_DerivativeGainLossOnDerivativeNet | 1,100,240us-gaap_DerivativeGainLossOnDerivativeNet |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (91,227)us-gaap_IncreaseDecreaseInPrepaidExpense | 18,954us-gaap_IncreaseDecreaseInPrepaidExpense |
| Other current assets | (20,206)us-gaap_IncreaseDecreaseInOtherCurrentAssets | (12,388)us-gaap_IncreaseDecreaseInOtherCurrentAssets |
| Accounts payable and accrued liabilities | (81,476)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 55,527us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Net Cash Used In Operating Activities | (2,205,818)us-gaap_NetCashProvidedByUsedInOperatingActivities | (977,563)us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing Activities | ||
| Purchases of patents | (55,000)VNRX_PurchasesOfPatents | |
| Purchases of property and equipment | (18,302)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (18,067)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Net Cash Used in Investing Activities | (73,302)us-gaap_NetCashProvidedByUsedInInvestingActivities | (18,067)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing Activities | ||
| Net proceeds from issuance of common shares | 11,203,421us-gaap_ProceedsFromIssuanceOfCommonStock | 2,767,935us-gaap_ProceedsFromIssuanceOfCommonStock |
| Grants received | 143,987VNRX_ProceedsFromGrantsReceived | |
| Net Cash Provided By Financing Activities | 11,203,421us-gaap_NetCashProvidedByUsedInFinancingActivities | 2,911,922us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Effect of foreign exchange on cash | (31,888)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (4,194)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Increase in Cash | 8,892,413us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 1,912,098us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash - Beginning of Period | 2,138,964us-gaap_Cash | 888,704us-gaap_Cash |
| Cash - End of Period | 11,031,377us-gaap_Cash | 2,800,802us-gaap_Cash |
| Supplemental Disclosures of Cash Flow Information | ||
| Interest paid | ||
| Income tax paid | ||
| Non Cash Financing Activities: | ||
| Reduction in Derivative Liability | 1,237,896VNRX_ReductionInDerivativeLiability | |
| Common stock issued for debt | ||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other current operating assets not separately disclosed in the statement of cash flows. No definition available.
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- Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Custom Element. No definition available.
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Nonoperating income grants received. No definition available.
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Grants received. No definition available.
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No authoritative reference available. No definition available.
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- Definition
No authoritative reference available. No definition available.
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