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

9 Months Ended

Sep. 30, 2016

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

					September 30,
					2016
			Accumulated		Net Carrying
	Cost		Depreciation		Value
	$		$		$
Computer hardware and software		153,451		61,622		91,829
Laboratory equipment		314,125		145,273		168,852
Equipment held under capital lease		617,086		164,556		452,530
Office furniture and equipment		35,109		23,264		11,845

		1,119,771		394,715		725,056

					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 $617,086 (€550,454).

During the nine month period ended September 30, 2016 and the nine month period ended September 30, 2015, the Company recognized $165,293 and $99,851 respectively, in depreciation expense.