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

Property and Equipment

12 Months Ended

Dec. 31, 2018

The Company’s property and equipment consist of the following amounts as of December 31, 2018 and December 31, 2017:

						December 31,
						2018
				Accumulated		Net Carrying
		Cost		Depreciation		Value
	Useful Life	$		$		$
Computer hardware and software	3 years		344,383		166,750		177,633
Laboratory equipment	5 years		1,673,215		928,841		744,374
Office furniture and equipment	5 years		204,129		75,137		128,992
Buildings	30 years		1,502,171		91,785		1,410,386
Building improvements	5-15 years		643,663		77,049		566,614
Land	Not amortized		91,644		-		91,644

			4,459,205		1,339,562		3,119,643

						December 31,
						2017
				Accumulated		Net Carrying
		Cost		Depreciation		Value
	Useful Life	$		$		$
Computer hardware and software	3 years		239,133		93,422		145,711
Laboratory equipment	5 years		1,575,354		653,636		921,718
Office furniture and equipment	5 years		207,208		54,479		152,729
Buildings	30 years		1,571,004		43,632		1,527,372
Building improvements	5-15 years		673,157		35,748		637,409
Land	Not amortized		95,843		-		95,843

			4,361,699		880,917		3,480,782

The majority of capital expenditures in 2018 is related to €0.3 million Euros for software and laboratory equipment.

During the years ended December 31, 2018 and December 31, 2017, the Company recognized $548,005 and $454,490, respectively, in depreciation expense.