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

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- Basis of Presentation and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Property and Equipment (Details)

v3.22.1

Property and Equipment (Details) - USD ($)	12 Months Ended
Property and Equipment (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Cost	$ 7,532,896	$ 7,207,263
Accumulated Depreciation	2,621,819	2,036,129
Net Carrying Value	4,911,077	5,171,134
Land [Member]
Cost	185,430	146,737
Accumulated Depreciation	0	0
Net Carrying Value	$ 185,430	$ 146,737
Useful Life	Not amortized	Not amortized
Computer Hardware And Software [Member]
Cost	$ 599,944	$ 550,254
Accumulated Depreciation	474,169	412,805
Net Carrying Value	$ 125,775	$ 137,449
Useful Life	3 years	3 years
Laboratory Equipment [Member]
Cost	$ 3,032,108	$ 2,586,997
Accumulated Depreciation	1,434,347	1,060,153
Net Carrying Value	$ 1,597,761	$ 1,526,844
Useful Life	5 years	5 years
Office Furniture and Equipment [Member]
Cost	$ 293,427	$ 271,656
Accumulated Depreciation	213,244	171,247
Net Carrying Value	$ 80,183	$ 100,409
Useful Life	5 years	5 years
Buildings [Member]
Cost	$ 2,128,729	$ 2,366,236
Accumulated Depreciation	243,750	207,111
Net Carrying Value	$ 1,884,979	$ 2,159,125
Useful Life	30 years	30 years
Building Improvements [Member]
Cost	$ 1,293,258	$ 1,285,383
Accumulated Depreciation	256,309	184,813
Net Carrying Value	$ 1,036,949	$ 1,100,570
Building Improvements [Member] \| Minimum [Member]
Useful Life	5 years	5 years
Building Improvements [Member] \| Maximum [Member]
Useful Life	15 years	15 years

- Definition

Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.

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