VOLITIONRX LTD
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 31, 2026
VNRX$0.18-7.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(Expressed in United States Dollars)
| For the Years Ended | ||
|---|---|---|
| December 31, 2025 | December 31, 2024 | |
| $ | $ | |
| Operating Activities: | ||
| Net loss | (23,503,329) | (27,257,985) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 983,706 | 1,113,184 |
| Amortization of operating lease right-of-use assets | 232,695 | 225,748 |
| Amortization of debt discount | 1,957,147 | - |
| (Gain) / Loss on disposal of fixed assets | (1,829) | 34,731 |
| Stock based compensation | 1,739,711 | 1,268,543 |
| Gain on change in derivative liability | (128,729) | - |
| Gain on change in fair value of warrant liability | (76,908) | (28,763) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (207,234) | 132,045 |
| Prepaid expenses | (95,020) | 182,710 |
| Other current assets | 150,736 | 16,980 |
| Accounts payable and accrued liabilities | 77,977 | (1,217,013) |
| Deferred revenue | (601,092) | (106,600) |
| Management and directors’ fees payable | 50,853 | - |
| Operating lease liabilities | (262,018) | (257,204) |
| Net Cash Used In Operating Activities | (19,683,334) | (25,893,624) |
| Investing Activities: | ||
| Purchases of property and equipment | (89,558) | (277,499) |
| Purchase of license | - | (296,353) |
| Net Cash Used In Investing Activities | (89,558) | (573,852) |
| Financing Activities: | ||
| Net proceeds from issuance of common shares | 11,170,410 | 8,592,177 |
| Tax withholdings paid related to stock-based compensation | (210,034) | (139,939) |
| Proceeds from grants repayable | 111,043 | - |
| Proceeds from long-term debt | 1,980,178 | 1,368,502 |
| Net proceeds from issuance of convertible note and warrants | 5,802,779 | - |
| Payments on long-term debt | (877,550) | (1,087,550) |
| Payments on convertible loan note | (833,334) | - |
| Payments on grants repayable | - | (28,213) |
| Payments on financing leases | (50,634) | (47,723) |
| Net Cash Provided By Financing Activities | 17,092,858 | 8,657,254 |
| Effect of foreign exchange on cash and cash equivalents | 532,633 | 344,668 |
| Net Change in Cash and Cash Equivalents | (2,147,401) | (17,465,554) |
| Cash and Cash Equivalents – Beginning of Year | 3,264,429 | 20,729,983 |
| Cash and Cash Equivalents – End of Year | 1,117,028 | 3,264,429 |
| Supplemental Disclosures of Cash Flow Information: | ||
| Cash paid for Interest | 280,718 | 340,362 |
| Non-Cash Investing and Financing Activities: | ||
| Common stock issued for settlement of vested RSUs | 2,091 | 731 |
| Fair value of derivative liability recognized upon issuance of convertible note | 1,042,471 | - |
| Issuance of warrants in connection with convertible note offering | 1,983,842 | - |
| Debt issuance cost recognized upon issuance of convertible note | 1,740,825 | - |
| Common stock issued for license rights | - | 125,258 |
| Offering costs from issuance of common stock | 605,514 | 325,090 |
| Non-cash note payable | 292,470 | 294,603 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.