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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 2,255,996 $ 3,264,429
Accounts receivable 189,597 110,574
Prepaid expenses 474,468 338,660
Other current assets 343,246 343,145
Total Current Assets 3,263,307 4,056,808
Property and equipment, net 4,500,065 4,429,152
Operating lease right-of-use assets 635,041 599,816
Intangible assets, net 306,377 313,747
Total Assets 8,704,790 9,399,523
Current Liabilities    
Accounts payable 2,351,261 2,766,178
Accrued liabilities 4,389,312 3,476,903
Deferred revenue 122,441 230,000
Management and directors' fees payable 54,392 30,086
Current portion of long-term debt 1,017,348 860,223
Current portion of finance lease liabilities 53,842 46,737
Current portion of operating lease liabilities 252,013 221,755
Current portion of grant repayable 69,345 60,979
Warrant liability 140,612 97,886
Derivative liability 623,790 0
Current portion of convertible note payable, net 166,522 0
Total Current Liabilities 9,240,878 7,790,747
Deferred revenue, net of current portion 22,663,400 22,663,400
Long-term debt, net of current portion 5,771,375 3,952,846
Finance lease liabilities, net of current portion 346,291 328,338
Operating lease liabilities, net of current portion 417,015 410,686
Grant repayable, net of current portion 443,911 361,242
Convertible note payable, net of current portion 2,920,242 0
Total Long-Term Liabilities 32,562,234 27,716,512
Total Liabilities 41,803,112 35,507,259
Stockholders' Deficit    
Common Stock Authorized: 325,000,000 shares of common stock, at $0.001 par value per share Issued and outstanding: 103,982,020 shares and 96,097,485 shares, respectively 103,982 96,098
Additional paid-in capital 209,777,146 204,154,994
Accumulated other comprehensive income (444,294) 385,631
Accumulated deficit (241,252,180) (229,544,343)
Total VolitionRx limited Stockholders' Deficit (31,815,346) (24,907,620)
Non-controlling interest (1,282,976) (1,200,116)
Total Stockholders' Deficit (33,098,322) (26,107,736)
Total Liabilities and Stockholders' Deficit $ 8,704,790 $ 9,399,523