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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2016

Patents amortized over their remaining lives

The patents and intellectual property are being amortized over their remaining lives, which range from 7 to 15 years.

	Cost $		Accumulated Amortization $		March 31, 2016 Net Carrying Value $

Patents		1,158,617		451,822		706,795

		1,158,617		451,822		706,795

	Cost $		Accumulated Amortization $		December 31, 2015 Net Carrying Value $

Patents		1,119,302		413,921		705,381

		1,119,302		413,921		705,381

Annual estimated amortization schedule

The Company amortizes the long-lived assets on a straight line basis with terms ranging from 8 to 20 years. The annual estimated amortization schedule over the next five years is as follows:


2016 - remaining	$	66,302
2017	$	88,403
2018	$	88,403
2019	$	88,403
2020	$	88,403