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, 2017

The Company’s property and equipment consist of the following amounts as of June 30, 2017 and December 31, 2016:

					June 30,
					2017
			Accumulated		Net Carrying
	Cost		Depreciation		Value
	$		$		$
Computer hardware and software		194,432		88,384		106,048
Laboratory equipment		769,802		223,818		545,984
Equipment held under capital lease		652,815		263,936		388,879
Office furniture and equipment		176,859		17,708		159,151
Buildings		1,497,873		16,626		1,481,247
Building improvements		661,059		15,047		646,012
Land		91,382		-		91,382

		4,044,222		625,519		3,418,703

					December 31,
					2016
			Accumulated		Net Carrying
	Cost		Depreciation		Value
	$		$		$
Computer hardware and software		157,002		68,229		88,773
Laboratory equipment		313,655		151,541		162,114
Equipment held under capital lease		578,830		183,296		395,534
Office furniture and equipment		32,932		23,361		9,571
Buildings		1,378,911		-		1,378,911
Building improvements		-		-		-
Land		84,124		-		84,124

		2,545,454		426,427		2,119,027

During the six month period ended June 30, 2017 and the six month period ended June 30, 2016, the Company recognized $183,323 and $108,235 respectively, in depreciation expense.