VolitionRx Ltd Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Details Narrative)

Stock-Based Compensation (Details Narrative) - USD ($)					1 Months Ended				9 Months Ended	12 Months Ended
Stock-Based Compensation (Details Narrative) - USD ($)	Dec. 01, 2020	Jul. 02, 2019	May 03, 2019	Mar. 08, 2019	Nov. 25, 2019	Nov. 15, 2019	Jul. 24, 2019	Feb. 26, 2019	Sep. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Sep. 20, 2019	Jul. 01, 2019	Mar. 27, 2019
Gross proceeds			$ 5,000,000	$ 5,000,000	$ 70,541		$ 4,800,000	$ 1,660,000
per share			$ 3.00	$ 2.90	$ 2.40	$ 5.00	$ 3.00	$ 2.20		$ 3.00		$ 2.35
Additional Shares						371
Stock Option [Member]
Vesting term	3 years 5 months 30 days									11 months 1 day	6 years
Weighted average contractual life										2 years 11 months 23 days
Stock-based compensation expense									$ 6,379	$ 1,220,165	$ 1,458,607
Compensation cost related to non-vested warrants										$ 416,706
Exercise price										$ 4.00
Fair value of options	$ 16,315									$ 688,489	$ 1,569,816
Stock Option [Member] \| 2015 Equity Incentive Plan [Member]
Weighted Average Remaining Contractual Life (Years)										3 years 2 months 23 days
Common stock shares reserved for future issuance										750,000				1,000,000
Common stock, shares authorized										2,500,000				4,250,000
Additional Shares										750,000
Total number of shares										3,250,000
Stock Option Four [Member]
Intrinsic value										$ 251,867
Vesting term	3 years 5 months 30 days									5 years	6 years
Weighted average contractual life										5 years 3 months 11 days
Fair value of options	$ 16,315									$ 1,481,709	$ 1,569,816
Common stock shares issuable upon exercise of stock option	10,000									835,000	730,000
Exercise price	$ 3.25									$ 3.60	$ 3.25
Maturity Term										5 years	6 years
Stock price	$ 3.30									$ 3.52	$ 3.16
Volatility	71.60%									72.94%	77.86%
Risk free rate	0.55%									0.54%	2.52%
Stock option purchase											45,000
Warrants [Member]
Intrinsic value										$ 199,500
Vesting term										8 months 1 day
Weighted average contractual life										2 years 5 months 19 days
Stock-based compensation expense										$ 68,541	$ 8,506
Purchase warrant							1,609,195				5,783,067
Price per share													$ 3.00
Gross proceeds							$ 4,800,000				$ 16,600,000
Weighted average remaining contractual life										3 years 4 days
Compensation cost related to non-vested warrants										$ 38,565
2019 [Member] \| Warrants [Member]
Vesting term	3 years 5 months 30 days	3 years								11 months 1 day
Weighted average contractual life										1 year 11 days
Purchase warrant		125,000	1,666,667	1,724,138
Gross proceeds			$ 5,000,000	$ 5,000,000
per share			$ 3.00	$ 2.90									$ 2.47
Warrant expenses		$ 11,829
March 1, 2020 [Member] \| Warrants [Member]
Vesting term										3 years 8 months 30 days
Purchase warrant										125,000
Weighted average remaining contractual life										3 years 8 months 30 days
Warrant expenses										$ 86,771
Exercise price										$ 3.45
Stock price										$ 3.44
Volatility										69.03%
Risk free rate										0.95%
Stock option purchase										50,000
Expiry date										Mar. 01, 2026
March 5, 2019 [Member] \| Warrants [Member]
Exercise price											$ 2.90
Financing cost											$ 196,957
Purchase of outstanding warrant											5,000,000
Restricted Stock Units [Member] \| April 13,2020 [Member]
Compensation cost related to non vested stock options										$ 102,786
Intrinsic value										$ 262,575
RSU granted shares of common stock										52,500
Restricted Stock or Unit Expense										$ 184,800
Stock compensation expenses									$ 0	$ 49,500
Vested descriptions										These RSUs vest over 2 years, with 50% vesting on each of April 13, 2021 and April 13, 2022
Expiry date										Apr. 13, 2021
Vesting term										2 years
Weighted average contractual life										11 months 1 day
Unrecognised compensation cost										$ 131,514