VOLITIONRX LTD
For the period ended Mar 31, 2026. Filed May 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 14, 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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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Expressed in United States Dollars)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| $ | $ | |
| Operating Activities | ||
| Net loss | (6,703,557) | (5,476,627) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 207,371 | 251,941 |
| Amortization of operating lease right-of-use assets | 47,040 | 56,325 |
| Amortization of debt discount | 450,134 | - |
| Stock-based compensation | 224,981 | 451,374 |
| Loss on extinguishment of debt | 1,011,334 | - |
| Gain on change in derivative liability | (98,642) | - |
| Gain on change in fair value of warrant liability | (13,416) | (20,038) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (436,458) | 88,599 |
| Accounts receivable | 65,566 | (77,256) |
| Other current assets | (98,785) | 87,376 |
| Deferred revenue, current and non-current | (713,041) | - |
| Accounts payable and accrued liabilities | 850,761 | 372,042 |
| Management and directors’ fees payable | (12,156) | 24,306 |
| Right-of-use assets operating leases liabilities | (61,264) | (56,060) |
| Net Cash Used In Operating Activities | (5,280,132) | (4,298,018) |
| Investing Activities | ||
| Purchases of property and equipment | (9,214) | (1,808) |
| Net Cash Used In Investing Activities | (9,214) | (1,808) |
| Financing Activities | ||
| Net proceeds from issuances of common shares | 5,173,805 | 2,384,654 |
| Tax withholdings paid related to stock-based compensation | (15,706) | (24,411) |
| Net proceeds from issuances of convertible note and warrants | 1,755,000 | - |
| Proceeds from long-term debt | 962,723 | 1,570,176 |
| Payments on long-term debt | (246,186) | (251,759) |
| Payments on finance lease obligations | (13,460) | (11,580) |
| Net Cash Provided By Financing Activities | 7,616,176 | 3,667,080 |
| Effect of foreign exchange on cash | (341,041) | (31,341) |
| Net change in cash and cash equivalents | 1,985,789 | (664,087) |
| Cash and cash equivalents – Beginning of the Period | 1,117,028 | 3,264,429 |
| Cash and cash equivalents – End of the Period | 3,102,817 | 2,600,342 |
| Supplemental Disclosures of Cash Flow Information | ||
| Interest paid | 125,842 | 96,669 |
| Non-Cash Financing Activities | ||
| Common stock issued upon settlement of vested RSUs | 518 | 98 |
| Fair value of derivative liability recognized upon issuance of convertible note | 385,300 | - |
| Issuance of warrants in connection with convertible note offering | 615,852 | - |
| Debt issuance costs recognized upon issuance of convertible note | 645,000 | - |
| Common stock issued for settlement of convertible loan note repayments | 2,803,200 | - |
| Offering costs from issuance of common stock | 236,537 | 134,329 |
| Non-cash note payable | 262,552 | 292,470 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.