2024 Q1 Form 10-K Financial Statement
#000147793224001453 Filed on March 25, 2024
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% |
Facts In Submission
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CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
17722105 | usd |
CY2022 | vnrx |
Common Stock Issued For Settlement Of Rsu S Amount
CommonStockIssuedForSettlementOfRsuSAmount
|
0 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
6736444 | usd |
CY2022 | vnrx |
Tax Withholdings Paid Related To Stock Based Compensation
TaxWithholdingsPaidRelatedToStockBasedCompensation
|
-180472 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
3114659 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
78771 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-30598469 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-3126962 | usd |
CY2023 | vnrx |
Common Stock Issued For Settlement Of Rsu S Amount
CommonStockIssuedForSettlementOfRsuSAmount
|
0 | usd |
CY2023 | vnrx |
Common Stock Issued For Cash Net Of Issuance Costs And Allocation To Warrant Liability Amount
CommonStockIssuedForCashNetOfIssuanceCostsAndAllocationToWarrantLiabilityAmount
|
28021076 | usd |
CY2023 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
-31772 | usd |
CY2023 | vnrx |
Tax Withholdings Paid Related To Stock Based Compensation
TaxWithholdingsPaidRelatedToStockBasedCompensation
|
-203878 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
2289545 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
16843 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-35677074 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-8712222 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-35677074 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-30598469 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1152534 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
936084 | usd |
CY2023 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
260743 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
253864 | usd |
CY2023 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-15843 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
0 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2289545 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3114659 | usd |
CY2023 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
240311 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
0 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-169666 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-72609 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
263550 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
433995 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
87441 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
351514 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1224743 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
548611 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
13000000 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
9987488 | usd |
CY2023 | vnrx |
Increase Decrease In Management And Directors Fees Payable
IncreaseDecreaseInManagementAndDirectorsFeesPayable
|
-11494 | usd |
CY2022 | vnrx |
Increase Decrease In Management And Directors Fees Payable
IncreaseDecreaseInManagementAndDirectorsFeesPayable
|
-184 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-258853 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-232695 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-18062999 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-15277742 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1083749 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1570182 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1083749 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1570182 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
28388036 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6736444 | usd |
CY2023 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
203878 | usd |
CY2022 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
180472 | usd |
CY2023 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
31772 | usd |
CY2022 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
CY2023 | vnrx |
Proceeds From Grants Repayable
ProceedsFromGrantsRepayable
|
25315 | usd |
CY2022 | vnrx |
Proceeds From Grants Repayable
ProceedsFromGrantsRepayable
|
218445 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1854877 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1523098 | usd |
CY2023 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
981291 | usd |
CY2022 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1268386 | usd |
CY2023 | vnrx |
Payments On Grants Repayable
PaymentsOnGrantsRepayable
|
22096 | usd |
CY2022 | vnrx |
Payments On Grants Repayable
PaymentsOnGrantsRepayable
|
45664 | usd |
CY2023 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
46506 | usd |
CY2022 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
45433 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
28982685 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6938032 | usd |
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
|
195629 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
9862933 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-9714263 | usd |
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
|
20581313 | usd |
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
|
221622 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
173110 | usd |
CY2023 | vnrx |
Stock Issued During Period Shares Setttlement Of Vested Restricted Stock Units
StockIssuedDuringPeriodSharesSetttlementOfVestedRestrictedStockUnits
|
658 | usd |
CY2022 | vnrx |
Stock Issued During Period Shares Setttlement Of Vested Restricted Stock Units
StockIssuedDuringPeriodSharesSetttlementOfVestedRestrictedStockUnits
|
297 | usd |
CY2023 | vnrx |
Offering Costs From Issuance Of Common Stock
OfferingCostsFromIssuanceOfCommonStock
|
392822 | usd |
CY2022 | vnrx |
Offering Costs From Issuance Of Common Stock
OfferingCostsFromIssuanceOfCommonStock
|
427443 | usd |
CY2023 | vnrx |
Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
|
366960 | usd |
CY2022 | vnrx |
Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
|
0 | usd |
CY2023 | vnrx |
Non Cash Note Payable
NonCashNotePayable
|
356258 | usd |
CY2022 | vnrx |
Non Cash Note Payable
NonCashNotePayable
|
620549 | usd |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<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
|
202600000 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company also regularly evaluates estimates and assumptions related to deferred income tax asset valuation allowances, useful lives of property and equipment and intangible assets, borrowing rate used in operating lease right-of-use asset and liability valuations, impairment analysis of intangible assets and valuations of stock-based compensation.</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 bases its estimates and assumptions on current facts, historical experiences and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations could be affected.</p> | |
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
|
15220237 | usd |
CY2022Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
7925876 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
242617 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
243940 | usd |
CY2023Q4 | vnrx |
Warrant Liability
WarrantLiability
|
126649 | usd |
CY2022Q4 | vnrx |
Warrant Liability
WarrantLiability
|
0 | usd |
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
|
28000000.0 | usd |
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
PropertyPlantAndEquipmentGross
|
9712102 | usd |
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
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
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
ApprovedStockOptions
|
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
|
478562 | usd |
CY2023 | vnrx |
Operatings Income Loss
OperatingsIncomeLoss
|
33100000 | usd |
CY2022 | vnrx |
Operatings Income Loss
OperatingsIncomeLoss
|
28600000 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
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
|
-0.006 | pure |
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
|
-0.001 | pure |
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
|
959674 | usd |
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 |