VolitionRx Ltd Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

6 Months Ended

Jun. 30, 2015

The Company’s property and equipment consist of the following amounts as of June 30, 2015 and December 31, 2014:

					June 30,
					2015
			Accumulated		Net Carrying
	Cost		Depreciation		Value
	$		$		$
Computer hardware		61,653		40,929		20,724
Laboratory equipment		324,711		78,315		246,397
Equipment held under capital lease		610,674		10,178		600,496
Office furniture and equipment		34,744		14,675		20,068

		1,031,782		144,097		887,685

					December 31,
					2014
			Accumulated		Net Carrying
	Cost		Depreciation		Value
	$		$		$
Computer hardware		48,331		39,293		9,039
Laboratory equipment		313,285		53,080		260,205
Equipment held under capital lease		-		-		-
Office furniture and equipment		31,745		12,403		19,341

		393,361		104,776		288,585

On April 8, 2015 the Company entered into a five year capital lease to purchase three Tecan machines (automated liquid handling robots) for a total sum of $610,674 (€550,454).

During the six month period ended June 30, 2015 and the year ended December 31, 2014, the Company recognized $48,688 and $47,095 in depreciation expense respectively.