2024 Q1 Form 10-K Financial Statement

#000147793224001453 Filed on March 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $171.5K $244.0K $775.3K
YoY Change 14.5% 103.78% 153.04%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.927M $4.369M $16.92M
YoY Change -8.45% 4.38% -3.39%
% of Gross Profit
Research & Development $4.630M $4.252M $18.43M
YoY Change -5.63% 16.93% 26.48%
% of Gross Profit
Depreciation & Amortization $277.5K $292.5K $1.153M
YoY Change 10.62% 17.5% 33.2%
% of Gross Profit
Operating Expenses $8.556M $8.985M $36.76M
YoY Change -6.95% 10.51% 14.57%
Operating Profit -$8.385M -$35.99M
YoY Change -7.3% 13.24%
Interest Expense -$68.58K -$49.66K -$128.3K
YoY Change -1183.41% -600.1% 168.3%
% of Operating Profit
Other Income/Expense, Net -$87.50K -$9.530K $454.8K
YoY Change -150.84% -101.43% -63.01%
Pretax Income -$8.472M -$8.800M -$35.68M
YoY Change -4.52% 19.95% 16.6%
Income Tax
% Of Pretax Income
Net Earnings -$8.472M -$8.698M -$35.32M
YoY Change -3.5% 20.11% 15.43%
Net Earnings / Revenue -4938.94% -3565.29% -4555.54%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.10 -$0.11 -$0.50
COMMON SHARES
Basic Shares Outstanding 82.07M shares 78.69M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.77M $20.73M $20.73M
YoY Change 17.59% 90.76% 90.76%
Cash & Equivalents $11.77M $20.73M $20.73M
Short-Term Investments
Other Short-Term Assets $470.1K $881.5K $881.5K
YoY Change -34.43% 96.95% -28.48%
Inventory
Prepaid Expenses $1.094M $521.4K
Receivables $133.5K $242.6K $242.6K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $13.47M $21.85M $21.85M
YoY Change 12.65% 79.54% 79.54%
LONG-TERM ASSETS
Property, Plant & Equipment $5.181M $6.073M $6.073M
YoY Change -4.1% 12.6% 1.0%
Goodwill
YoY Change
Intangibles $215.1K $23.89K
YoY Change 136.85% -78.38%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $5.965M $6.096M $6.096M
YoY Change -1.99% -0.43% -0.43%
TOTAL ASSETS
Total Short-Term Assets $13.47M $21.85M $21.85M
Total Long-Term Assets $5.965M $6.096M $6.096M
Total Assets $19.43M $27.95M $27.95M
YoY Change 7.71% 52.78% 52.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.528M $3.211M $3.211M
YoY Change 18.0% 5.53% 5.53%
Accrued Expenses $3.305M $4.128M $4.128M
YoY Change 21.56% 43.72% 32.42%
Deferred Revenue $126.6K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.150M $1.311M $1.311M
YoY Change 2.58% 22.94% 13.59%
Total Short-Term Liabilities $31.49M $31.84M $31.84M
YoY Change 82.69% 83.12% 83.12%
LONG-TERM LIABILITIES
Long-Term Debt $3.373M $4.448M $4.448M
YoY Change 32.3% 60.03% 22.33%
Other Long-Term Liabilities $396.4K $378.1K $378.1K
YoY Change 3.84% -5.51% -5.51%
Total Long-Term Liabilities $4.563M $4.826M $4.826M
YoY Change 78.99% 73.63% 19.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $31.49M $31.84M $31.84M
Total Long-Term Liabilities $4.563M $4.826M $4.826M
Total Liabilities $36.05M $35.75M $35.75M
YoY Change 71.49% 66.9% 71.31%
SHAREHOLDERS EQUITY
Retained Earnings -$210.9M -$202.6M
YoY Change 19.83% 21.12%
Common Stock $82.11K $81.90K
YoY Change 30.1% 41.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$15.61M -$7.802M -$7.802M
YoY Change
Total Liabilities & Shareholders Equity $19.43M $27.95M $27.95M
YoY Change 7.71% 52.78% 52.78%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$8.472M -$8.698M -$35.32M
YoY Change -3.5% 20.11% 15.43%
Depreciation, Depletion And Amortization $277.5K $292.5K $1.153M
YoY Change 10.62% 17.5% 33.2%
Cash From Operating Activities -$8.342M $6.447M -$18.06M
YoY Change -4.6% -224.38% 18.23%
INVESTING ACTIVITIES
Capital Expenditures $28.81K $303.7K $1.084M
YoY Change -85.64% -47.52% -30.98%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$78.81K -$303.7K -$1.084M
YoY Change -60.71% -47.52% -30.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $28.36M
YoY Change 320.94%
Debt Paid & Issued, Net $210.2K $981.3K
YoY Change -5.89% -22.63%
Cash From Financing Activities -$209.4K 3.773M 28.98M
YoY Change -102.57% 1135.29% 317.74%
NET CHANGE
Cash From Operating Activities -$8.342M 6.447M -18.06M
Cash From Investing Activities -$78.81K -303.7K -1.084M
Cash From Financing Activities -$209.4K 3.773M 28.98M
Net Change In Cash -$8.958M 9.916M 9.836M
YoY Change 946.26% -281.73% -201.25%
FREE CASH FLOW
Cash From Operating Activities -$8.342M $6.447M -$18.06M
Capital Expenditures $28.81K $303.7K $1.084M
Free Cash Flow -$8.371M $6.143M -$19.15M
YoY Change -6.42% -206.62% 13.64%

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NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2023 us-gaap Payments For Repurchase Of Common Stock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
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CY2023 vnrx Proceeds From Grants Repayable
ProceedsFromGrantsRepayable
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CY2022 vnrx Proceeds From Grants Repayable
ProceedsFromGrantsRepayable
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CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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CY2023 us-gaap Repayments Of Long Term Debt
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CY2022 us-gaap Repayments Of Long Term Debt
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CY2023 vnrx Payments On Grants Repayable
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CY2022 vnrx Payments On Grants Repayable
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CY2023 us-gaap Finance Lease Principal Payments
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CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26996 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10867050 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20729983 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10867050 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2023 vnrx Stock Issued During Period Shares Setttlement Of Vested Restricted Stock Units
StockIssuedDuringPeriodSharesSetttlementOfVestedRestrictedStockUnits
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CY2022 vnrx Stock Issued During Period Shares Setttlement Of Vested Restricted Stock Units
StockIssuedDuringPeriodSharesSetttlementOfVestedRestrictedStockUnits
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CY2023 vnrx Offering Costs From Issuance Of Common Stock
OfferingCostsFromIssuanceOfCommonStock
392822 usd
CY2022 vnrx Offering Costs From Issuance Of Common Stock
OfferingCostsFromIssuanceOfCommonStock
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CY2023 vnrx Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
366960 usd
CY2022 vnrx Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
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CY2023 vnrx Non Cash Note Payable
NonCashNotePayable
356258 usd
CY2022 vnrx Non Cash Note Payable
NonCashNotePayable
620549 usd
CY2023 us-gaap Nature Of Operations
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<p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Note 1 – Organization and Nature of Operations </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The Company was incorporated under the laws of the State of Delaware on September 24, 1998. On September 22, 2011, the Company filed a Certificate for Renewal and Revival of Charter with the Secretary of State of Delaware. Pursuant to Section 312(1) of the Delaware General Corporation Law, the Company was revived under the new name of “VolitionRX Limited” and the name change became effective on October 11, 2011. On October 7, 2016, the Company amended its Certificate of Incorporation to reflect a name change to “VolitionRx Limited.”</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">On October 6, 2011, the Company entered into a share exchange agreement with Singapore Volition Pte. Limited, a Singapore corporation incorporated on August 5, 2010 (“Singapore Volition”), and the shareholders of Singapore Volition.  Pursuant to the terms of the share exchange agreement, the former shareholders of Singapore Volition held 85% of the issued and outstanding common shares of the Company.  The issuance was deemed to be a reverse acquisition for accounting purposes and as such, Singapore Volition is regarded as the predecessor of the Company. The number of shares outstanding and per share amounts of the Company have been restated to recognize the foregoing recapitalization.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The Company’s principal business objective through its subsidiaries is to develop and bring to market simple, easy to use, cost effective blood tests designed to help diagnose and monitor a range of life-altering diseases, including certain cancers and diseases associated with NETosis such as sepsis and COVID-19. The tests are based on the science of Nucleosomics<sup style="vertical-align:super">TM</sup>, which is the practice of identifying and measuring nucleosomes in the bloodstream or other bodily fluid – an indication that disease is present.  The Company has two wholly owned subsidiaries, Volition Global Services SRL (“Volition Global”) which was formed in August 2021 and Singapore Volition. Singapore Volition has one wholly owned subsidiary, Belgian Volition SRL, a Belgium private limited liability company (“Belgian Volition”), which it acquired in September 2010.  Belgian Volition has four subsidiaries, Volition Diagnostics UK Limited (“Volition Diagnostics”), which was formed in November 2015, Volition America, Inc. (“Volition America”), which was formed in February 2017, Volition Germany GmbH (“Volition Germany”), which was acquired in January 2020, as well as its majority-owned subsidiary Volition Veterinary Diagnostics Development LLC (“Volition Vet”), which was formed in June 2019.  Following the acquisition of Singapore Volition in 2011, the Company’s fiscal year end was changed from August 31 to December 31.</p>
CY2023 vnrx Fair Value Of Warrant Liability Issuance
FairValueOfWarrantLiabilityIssuance
366960 usd
CY2023 vnrx Net Income Loss Since Inception
NetIncomeLossSinceInception
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CY2023 us-gaap Use Of Estimates
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20729983 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10867050 usd
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
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CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
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CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
242617 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2023Q4 vnrx Warrant Liability
WarrantLiability
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CY2022Q4 vnrx Warrant Liability
WarrantLiability
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CY2023 us-gaap Servicing Liability At Fair Value Other Changes In Fair Value
ServicingLiabilityAtFairValueOtherChangesInFairValue
-240311 usd
CY2023Q4 vnrx Warrant Liability
WarrantLiability
126649 usd
CY2023 vnrx Terms Of License Agreement
TermsOfLicenseAgreement
Belgian Volition entered into a Master License and Supply Agreement (the “License Agreement”) with Heska Corporation (“Heska”), a leading global provider of advanced veterinary diagnostics, pursuant to which Belgian Volition granted Heska worldwide exclusive rights to sell the Nu.Q® Vet Cancer Test at the point of care (“POC”) initially for the screening of lymphoma and hemangiosarcoma in dogs (“Canine Lymphoma & HSA”), and non-exclusive rights to sell its Nu.Q® Vet Cancer Test in kit format (“Kits”) through Heska’s network of central reference laboratories (“Central Lab”) initially for Canine Lymphoma & HSA
CY2023 vnrx Initial Term For Poc
InitialTermForPoc
P22Y
CY2023 vnrx Initial Term For Central Lab
InitialTermForCentralLab
P5Y
CY2022 vnrx Upfront Payment
UpfrontPayment
10000000.0 usd
CY2023 vnrx Upfront Payment
UpfrontPayment
13000000.0 usd
CY2023 vnrx Milestone Amount Recognized
MilestoneAmountRecognized
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CY2023 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
19600000 usd
CY2022 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
15300000 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Certain reclassifications within operating expenses have been made to prior period’s consolidated financial statements to conform to the current period financial statement presentation. There is no impact in total to the results of operations and cash flows in all periods presented.</p>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Financial instruments that potentially subject the company to concentration of credit risk consist primarily of accounts receivable.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The company performs ongoing credit evaluations of its customers and maintains allowances for potential credit losses. Management does not believe significant credit risks exist at December 31, 2023.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">As at December 31, 2023 the two largest customer balances represented over 65% of the total outstanding accounts receivable balance.</p>
CY2023 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.65 pure
CY2023Q4 us-gaap Property Plant And Equipment Gross
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4189089 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5523013 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8705875 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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3312863 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5393012 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1100000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1600000 usd
CY2023 us-gaap Depreciation
Depreciation
1080475 usd
CY2022 us-gaap Depreciation
Depreciation
865262 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
84910 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
75558 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
23886 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23886 usd
CY2023Q4 vnrx Common Stock Share Authorized
CommonStockShareAuthorized
100000000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
81898321 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
57873379 shares
CY2023 vnrx Share Based Goods And Nonemployee Service Transaction Valuation Method Risk Free Interest Rate
ShareBasedGoodsAndNonemployeeServiceTransactionValuationMethodRiskFreeInterestRate
0.0389 pure
CY2023Q2 vnrx Share Based Goods And Nonemployee Service Transaction Valuation Method Risk Free Interest Rate
ShareBasedGoodsAndNonemployeeServiceTransactionValuationMethodRiskFreeInterestRate
0.0370 pure
CY2023 vnrx Share Based Goods And Nonemployee Service Transaction Valuation Method Expected Volatility Rate
ShareBasedGoodsAndNonemployeeServiceTransactionValuationMethodExpectedVolatilityRate
0.7630 pure
CY2023Q2 vnrx Share Based Goods And Nonemployee Service Transaction Valuation Method Expected Volatility Rate
ShareBasedGoodsAndNonemployeeServiceTransactionValuationMethodExpectedVolatilityRate
0.7156 pure
CY2023 vnrx Share Based Goods And Nonemployee Service Transaction Valuation Method Expected Term1
ShareBasedGoodsAndNonemployeeServiceTransactionValuationMethodExpectedTerm1
P4Y5M8D
CY2023Q2 vnrx Share Based Goods And Nonemployee Service Transaction Valuation Method Expected Term1
ShareBasedGoodsAndNonemployeeServiceTransactionValuationMethodExpectedTerm1
P5Y10D
CY2023 vnrx Share Based Goods And Nonemployee Service Transaction Valuation Method Expected Dividend Rate
ShareBasedGoodsAndNonemployeeServiceTransactionValuationMethodExpectedDividendRate
0 pure
CY2023Q2 vnrx Share Based Goods And Nonemployee Service Transaction Valuation Method Expected Dividend Rate
ShareBasedGoodsAndNonemployeeServiceTransactionValuationMethodExpectedDividendRate
0 pure
CY2023 vnrx Total Fair Value Of Warrants
TotalFairValueOfWarrants
126649 usd
CY2023Q2 vnrx Total Fair Value Of Warrants
TotalFairValueOfWarrants
366960 usd
CY2023 vnrx Stock Options Granted Shares
StockOptionsGrantedShares
285536 shares
CY2023 vnrx Stockoptions Cancelled
StockoptionsCancelled
285536 shares
CY2023 vnrx Equity Incentive Rsu
EquityIncentiveRsu
836828 shares
CY2023 vnrx Incentive Rsu Issued
IncentiveRsuIssued
658102 shares
CY2023 vnrx Rsus Held For Taxes
RsusHeldForTaxes
178726 usd
CY2022 vnrx Equity Incentive Rsu
EquityIncentiveRsu
377007 shares
CY2022 vnrx Incentive Rsu Issued
IncentiveRsuIssued
297289 shares
CY2022 vnrx Rsus Held For Taxes
RsusHeldForTaxes
79718 usd
CY2023 vnrx Common Stock Expired Unexercised Shares
CommonStockExpiredUnexercisedShares
125000 shares
CY2022Q2 vnrx Common Stock Available
CommonStockAvailable
1750000 shares
CY2022Q2 vnrx Share Aggregate Maximum
ShareAggregateMaximum
7750000 shares
CY2023Q2 vnrx Common Stock Available
CommonStockAvailable
1950000 shares
CY2023Q2 vnrx Share Aggregate Maximum
ShareAggregateMaximum
9700000 shares
CY2023 vnrx Stock Options Cancelled
StockOptionsCancelled
285536 shares
CY2023 vnrx Approved Stock Options
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285536 shares
CY2022 vnrx Approved Stock Options
ApprovedStockOptions
42413 shares
CY2022 vnrx Stock Options Cancelled
StockOptionsCancelled
42413 shares
CY2023Q4 vnrx Long Term Debt Payable
LongTermDebtPayable
4831867 usd
CY2023 vnrx Compensation Expense Rsus
CompensationExpenseRsus
2317882 shares
CY2022 vnrx Compensation Expense Rsus
CompensationExpenseRsus
1828216 shares
CY2023 vnrx Rsu Expense
RsuExpense
1892102 usd
CY2022 vnrx Rsu Expense
RsuExpense
2755843 usd
CY2023 vnrx Equity Incentive Rsu
EquityIncentiveRsu
836828 shares
CY2023 vnrx Incentive Rsu Issued
IncentiveRsuIssued
658102 shares
CY2023 vnrx Rsus Held For Taxes
RsusHeldForTaxes
178726 usd
CY2022 vnrx Equity Incentive Rsu
EquityIncentiveRsu
377007 shares
CY2022 vnrx Incentive Rsu Issued
IncentiveRsuIssued
297289 shares
CY2022 vnrx Rsus Held For Taxes
RsusHeldForTaxes
79718 usd
CY2023 vnrx Incentive Rsu
IncentiveRsu
109010 shares
CY2023 vnrx Rsu Cancelled
RsuCancelled
109010 shares
CY2022 vnrx Incentive Rsu
IncentiveRsu
62937 shares
CY2022 vnrx Rsu Cancelled
RsuCancelled
62937 shares
CY2023Q4 vnrx Operating Leases Future Minimum Payment Due Current
OperatingLeasesFutureMinimumPaymentDueCurrent
33370 usd
CY2023Q4 vnrx Operating Leases Future Minimum Lease Payment Due
OperatingLeasesFutureMinimumLeasePaymentDue
33370 usd
CY2023 vnrx Grant Repyable
GrantRepyable
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CY2023 vnrx Operatings Income Loss
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CY2022 vnrx Operatings Income Loss
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.033 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.008 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.003 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.007 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.007 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign
-0.002 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.005 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.175 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.212 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2023Q4 vnrx Increase In Valuation Allowance
IncreaseInValuationAllowance
6265160 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1481023 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
922911 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
692557 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
452470 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1918778 usd
CY2023Q4 us-gaap Long Term Debt Maturing In Years Four And Five
LongTermDebtMaturingInYearsFourAndFive
323802 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
5791541 usd
CY2023Q4 vnrx Long Term Debt Less Amount Representing Interest
LongTermDebtLessAmountRepresentingInterest
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CY2023Q4 us-gaap Long Term Debt
LongTermDebt
4831867 usd
CY2023Q4 vnrx Payments For Future Research And Collobration
PaymentsForFutureResearchAndCollobration
1273692 usd
CY2023Q4 vnrx Future Minimum Collaborative Agreement Obligations Of Fiscal Year Four
FutureMinimumCollaborativeAgreementObligationsOfFiscalYearFour
1110146 usd
CY2023Q4 vnrx Future Minimum Collaborative Agreement Obligations Of Fiscal Yearfive
FutureMinimumCollaborativeAgreementObligationsOfFiscalYearfive
163546 usd
CY2023Q4 vnrx Collaborative Agreement Obligations
CollaborativeAgreementObligations
1273692 usd
CY2020Q4 vnrx Aggerate Amount Payable Description
AggerateAmountPayableDescription
under this agreement will be completed by the end of the first quarter 2024 at a total cost to the Company of up to $4.2 million
CY2023 vnrx Amount Payable For Services Rendered
AmountPayableForServicesRendered
90862 usd
CY2023Q4 vnrx Amount May Be Payable By Company In Future Periods For Services Rendered
AmountMayBePayableByCompanyInFuturePeriodsForServicesRendered
208320 usd
CY2023 vnrx Recognized Compensation Expense
RecognizedCompensationExpense
901410 usd
CY2023 vnrx Schedule Of Outcomes Related To The Prescribed Performance Targets
ScheduleOfOutcomesRelatedToThePrescribedPerformanceTargets
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:60%"><tbody><tr style="height:15px"><td style="width:12%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Total </strong></p></td><td style="width:1%;"></td><td class="hdcell" style="width:12%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Amortized</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" style="width:12%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Amortized</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" style="width:12%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Amortized</strong></p></td><td style="width:1%;"></td><td class="hdcell" style="width:12%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Un-Amortized</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Award</strong></p></td><td></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2023</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2022</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2021</strong></p></td><td></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2023</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>$</strong></p></td><td></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><strong>$</strong> </td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><strong>$</strong></td><td style="white-space: nowrap;"></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><strong>$</strong></td><td></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><strong>$</strong></td><td style="white-space: nowrap;"></td></tr><tr style="height:15px;background-color:#cceeff"><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">969,593</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">-</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">580,412</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">389,181</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">-</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">901,410 </p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">270,547</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">450,090</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">180,773</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">-</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td></tr></tbody></table><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:60%"><tbody><tr style="height:15px"><td style="width:12%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Total </strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" style="width:12%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Amortized</strong></p></td><td style="width:1%;"></td><td class="hdcell" style="width:12%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Amortized</strong></p></td><td style="width:1%;"></td><td class="hdcell" style="width:12%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Amortized</strong></p></td><td style="width:1%;"></td><td class="hdcell" style="width:12%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Un-Amortized</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Award</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2023</strong></p></td><td></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2022</strong></p></td><td></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2021</strong></p></td><td></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2023</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">$</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>$</strong> </p></td><td></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>$</strong></p></td><td></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>$</strong> </p></td><td></td><td class="hdcell" style="vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>$</strong></p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">822,149</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">-</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">493,207</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">328,942</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">-</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">759,039</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">228,109</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">379,191</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">151,739</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">-</p></td><td style="white-space: nowrap;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td></tr></tbody></table>
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1077417 usd
CY2023Q4 vnrx Accrued Compensation Expense
AccruedCompensationExpense
1071198 usd
CY2023 us-gaap Officers Compensation
OfficersCompensation
1100000 usd

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