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, 2016

The Company's property and equipment consist of the following amounts as of June 30, 2016 and December 31, 2015:

					June 30,
					2016
			Accumulated		Net Carrying
	Cost		Depreciation		Value
	$		$		$
Computer hardware and software		140,870		58,169		82,701
Laboratory equipment		324,998		142,196		182,802
Equipment held under capital lease		611,213		132,429		478,784
Office furniture and equipment		34,775		21,417		13,358

		1,111,856		354,211		757,645

					December 31,
					2015
			Accumulated		Net Carrying
	Cost		Depreciation		Value
	$		$		$
Computer hardware and software		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 $611,213 (€550,454).

During the six month period ended June 30, 2016 and the six month period ended June 30, 2015, the Company recognized $108,235 and $48,687, respectively, in depreciation expense.