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

3 Months Ended

Mar. 31, 2016

The Company's property and equipment consist of the following amounts as of March 31, 2016 and December 31, 2015:

	Cost $		Accumulated Depreciation $		March 31, 2016 Net Carrying Value $
Computer hardware		75,296		50,714		24,581
Laboratory equipment		332,359		129,240		203,120
Equipment held under capital lease		625,057		104,176		520,881
Office furniture and equipment		35,563		20,240		15,323

		1,068,275		304,370		763,905

	Cost $		Accumulated Depreciation $		December 31, 2015 Net Carrying Value $
Computer hardware		72,317		45,731		26,586
Laboratory equipment		319,209		108,589		210,620
Equipment held under capital lease		600,325		70,038		530,287
Office furniture and equipment		34,155		17,843		16,312

		1,026,006		242,201		783,805

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 $625,057 (€550,454).

During the three month period ended March 31, 2016 and the three month period ended March 31, 2015, the Company recognized $50,691 and $18,988, respectively, in depreciation expense.