VolitionRx Ltd Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

3 Months Ended

Mar. 31, 2019

The Company’s property and equipment consist of the following amounts as of March 31, 2019 and December 31, 2018:


						March 31, 2019
				Accumulated		Net Carrying
		Cost		Depreciation		Value
	Useful Life	$		$		$
Computer hardware and software	3 years		384,040		193,325		190,715
Laboratory equipment	5 years		1,707,181		993,225		713,956
Office furniture and equipment	5 years		199,945		83,594		116,351
Buildings	30 years		1,471,384		102,163		1,369,221
Building improvements	5-15 years		630,471		85,968		544,503
Land	Not amortized		89,766		-		89,766

			4,482,787		1,458,275		3,024,512

						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

During the three months ended March 31, 2019 and March 31, 2018, the Company recognized $145,683 and $137,705 respectively, in depreciation expense.