VOLITIONRX LTD
For the period ended Jun 30, 2026. Filed Aug 13, 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.
Jun 30, 2026 · Filed Aug 13, 2026
VNRX$0.18-7.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Expressed in United States Dollars)
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| $ | $ | |
| Operating Activities | ||
| Net loss | (14,018,820) | (11,790,697) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 395,384 | 504,629 |
| Amortization of operating lease right-of-use assets | 144,566 | 122,180 |
| (Gain) loss on disposal of fixed assets | (2,101) | (330) |
| Amortization of debt discount | 855,202 | 325,305 |
| Stock-based compensation | 462,985 | 1,263,419 |
| Loss on extinguishment of debt | 1,583,434 | - |
| (Gain) loss on change in warrant liability | (14,578) | 42,726 |
| Loss (gain) on change in fair value of derivative liability | 1,277,758 | (418,681) |
| Mandatory default amount on convertible notes payable | 623,333 | - |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (223,420) | (135,808) |
| Accounts receivable | 40,453 | (79,023) |
| Other current assets | (143,178) | (101) |
| Deferred revenue, current and non-current | (889,305) | (107,559) |
| Accounts payable and accrued liabilities | (402,085) | (188,884) |
| Management and directors’ fees payable | 26,548 | 24,306 |
| Right-of-use assets operating leases liabilities | (155,957) | (122,189) |
| Net Cash Used In Operating Activities | (10,439,781) | (10,560,707) |
| Investing Activities | ||
| Purchases of property and equipment | (11,002) | (78,591) |
| Net Cash Used In Investing Activities | (11,002) | (78,591) |
| Financing Activities | ||
| Net proceeds from issuances of common shares | 10,608,848 | 2,447,214 |
| Tax withholdings paid related to stock-based compensation | (15,831) | (79,468) |
| Proceeds from grants repayable | 1,091 | 32,426 |
| Net proceeds from issuances of convertible note and warrants | 1,755,000 | 5,802,799 |
| Proceeds from long-term debt | 962,723 | 1,570,176 |
| Payments on long-term debt | (426,607) | (411,824) |
| Payments on grants repayable | (13,049) | - |
| Payments on convertible loan note | (250,000) | - |
| Payments on finance lease obligations | (26,963) | (24,219) |
| Net Cash Provided By Financing Activities | 12,595,212 | 9,337,104 |
| Effect of foreign exchange on cash | (470,463) | 293,761 |
| Net change in cash and cash equivalents | 1,673,966 | (1,008,433) |
| Cash and cash equivalents – Beginning of the Period | 1,117,028 | 3,264,429 |
| Cash and cash equivalents – End of the Period | 2,790,994 | 2,255,996 |
| Supplemental Disclosures of Cash Flow Information | ||
| Interest paid | 242,897 | 220,025 |
| Non-Cash Financing Activities | ||
| Deemed dividend - down round provision in warrants | 460,100 | - |
| Common stock issued upon settlement of vested RSUs | 27 | 53 |
| Fair value of derivative liability recognized upon issuance of convertible note | 385,300 | 1,042,471 |
| Issuance of warrants in connection with convertible note offering | 615,852 | 1,998,869 |
| Debt issuance costs recognized upon issuance of convertible note | 645,000 | 1,697,201 |
| Common stock issued for settlement of convertible loan note repayments | 4,170,400 | - |
| Offering costs from issuance of common stock | 282,999 | 219,801 |
| 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.