2023 Q1 Form 10-K Financial Statement

#000149315223007481 Filed on March 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $446.0K $112.0K $377.0K
YoY Change 135.98% -62.67% -24.6%
Cost Of Revenue $1.346M $1.618M $3.614M
YoY Change 264.77% 266.89% 517.78%
Gross Profit -$900.0K -$1.506M -$3.237M
YoY Change 400.0% 968.09% 3708.24%
Gross Profit Margin -201.79% -1344.64% -858.62%
Selling, General & Admin $14.56M $15.82M $60.36M
YoY Change 10.07% 25.85% 76.31%
% of Gross Profit
Research & Development $4.439M $6.674M $25.55M
YoY Change -25.17% -4.23% 28.72%
% of Gross Profit
Depreciation & Amortization $727.0K $726.0K $2.457M
YoY Change 236.57% 337.35% 987.17%
% of Gross Profit
Operating Expenses $19.00M $23.00M $85.91M
YoY Change -1.47% 17.71% 58.18%
Operating Profit -$20.40M -$24.50M -$90.93M
YoY Change 4.84% 24.52% 67.17%
Interest Expense -$1.102M $243.0K -$2.545M
YoY Change -251.31%
% of Operating Profit
Other Income/Expense, Net -$1.813M $0.00 -$12.31M
YoY Change 947.98% 610.39%
Pretax Income -$22.21M -$24.57M -$103.2M
YoY Change 13.15% 24.86% 83.94%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$17.93M -$20.53M -$88.98M
YoY Change 6.28% 19.25% 76.74%
Net Earnings / Revenue -4020.4% -18332.14% -23602.92%
Basic Earnings Per Share -$0.18 -$1.00
Diluted Earnings Per Share -$0.19 -$0.22 -$1.00
COMMON SHARES
Basic Shares Outstanding 98.42M shares 93.70M shares 89.08M shares
Diluted Shares Outstanding 6.473M shares 5.938M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.81M $42.75M $42.75M
YoY Change -22.01% -45.17% -45.17%
Cash & Equivalents $49.28M $39.74M $3.005M
Short-Term Investments
Other Short-Term Assets $1.004M $1.160M $1.160M
YoY Change -68.65% -74.03% -74.03%
Inventory $111.0K
Prepaid Expenses
Receivables $27.00K $17.00K $17.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $53.84M $43.93M $43.93M
YoY Change -24.17% -46.84% -46.84%
LONG-TERM ASSETS
Property, Plant & Equipment $2.255M $2.451M $5.488M
YoY Change -55.05% 54.64% 246.25%
Goodwill
YoY Change
Intangibles $2.940M $3.445M
YoY Change 69.79%
Long-Term Investments
YoY Change
Other Assets $1.079M $1.121M $1.121M
YoY Change 55.25% 54.62% 54.62%
Total Long-Term Assets $11.45M $10.05M $10.05M
YoY Change -14.15% 131.71% 131.71%
TOTAL ASSETS
Total Short-Term Assets $53.84M $43.93M $43.93M
Total Long-Term Assets $11.45M $10.05M $10.05M
Total Assets $65.29M $53.98M $53.98M
YoY Change -22.59% -37.94% -37.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.258M $2.704M $2.704M
YoY Change -84.72% -18.04% -18.04%
Accrued Expenses $3.724M $3.705M $3.705M
YoY Change 6.46% -13.01% -13.01%
Deferred Revenue
YoY Change
Short-Term Debt $45.56M $34.79M $34.79M
YoY Change 5119.24%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $50.55M $41.20M $41.20M
YoY Change 188.95% 445.12% 445.12%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.936M $1.846M $1.846M
YoY Change 86.72%
Total Long-Term Liabilities $3.936M $1.846M $1.846M
YoY Change 86.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $50.55M $41.20M $41.20M
Total Long-Term Liabilities $3.936M $1.846M $1.846M
Total Liabilities $54.48M $43.05M $63.66M
YoY Change 41.87% 469.54% 151.53%
SHAREHOLDERS EQUITY
Retained Earnings -$246.2M -$228.2M
YoY Change 64.26%
Common Stock $101.0K $95.00K
YoY Change 10.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $408.0K
YoY Change
Treasury Stock Shares
Shareholders Equity -$22.06M -$9.681M -$9.681M
YoY Change
Total Liabilities & Shareholders Equity $65.29M $53.98M $53.98M
YoY Change -22.59% -37.94% -37.94%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$17.93M -$20.53M -$88.98M
YoY Change 6.28% 19.25% 76.74%
Depreciation, Depletion And Amortization $727.0K $726.0K $2.457M
YoY Change 236.57% 337.35% 987.17%
Cash From Operating Activities -$16.29M -$16.82M -$70.99M
YoY Change 32.81% 0.27% 74.88%
INVESTING ACTIVITIES
Capital Expenditures $26.00K $298.0K $1.540M
YoY Change -104.53% -123.34% -204.83%
Acquisitions $3.200M
YoY Change 42.41%
Other Investing Activities $1.000M $0.00 -$3.200M
YoY Change -100.0% 42.41%
Cash From Investing Activities $974.0K -$298.0K -$4.740M
YoY Change -269.69% -91.18% 27.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $24.85M 80.00K $38.21M
YoY Change 7763.61% -99.87% -63.37%
NET CHANGE
Cash From Operating Activities -$16.29M -16.82M -$70.99M
Cash From Investing Activities $974.0K -298.0K -$4.740M
Cash From Financing Activities $24.85M 80.00K $38.21M
Net Change In Cash $9.536M -17.04M -$37.51M
YoY Change -176.16% -142.69% -162.52%
FREE CASH FLOW
Cash From Operating Activities -$16.29M -$16.82M -$70.99M
Capital Expenditures $26.00K $298.0K $1.540M
Free Cash Flow -$16.31M -$17.12M -$72.53M
YoY Change 39.56% 10.46% 85.38%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001624326
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
usd
CY2021Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
usd
CY2021 PAVM Loss On Issue And Offering Costs Senior Secured Convertible Note
LossOnIssueAndOfferingCostsSeniorSecuredConvertibleNote
usd
CY2022 PAVM Debt Instrument Forgiveness
DebtInstrumentForgiveness
usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022 PAVM Dividends Series B Convertible Preferred Stock
DividendsSeriesBConvertiblePreferredStock
usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
usd
CY2022 PAVM Issue Common Stock Exercise Series Z Warrants Value
IssueCommonStockExerciseSeriesZWarrantsValue
usd
CY2022 PAVM Stock Issued During The Periof Of New Issue Impact Of Subsidiary Equity Transactions
StockIssuedDuringThePeriofOfNewIssueImpactOfSubsidiaryEquityTransactions
usd
CY2021 PAVM Dividends Series B Convertible Preferred Stock
DividendsSeriesBConvertiblePreferredStock
usd
CY2021 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
usd
CY2022 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
usd
CY2021 PAVM Issuance Of Common Stock Installment Settlement Payment
IssuanceOfCommonStockInstallmentSettlementPayment
usd
CY2021 PAVM Loss Upon Issuance Senior Secured Convertible Note
LossUponIssuanceSeniorSecuredConvertibleNote
usd
CY2022 PAVM Debt Instrument Forgiveness
DebtInstrumentForgiveness
usd
CY2021 us-gaap Other Noncash Expense
OtherNoncashExpense
usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
usd
CY2022 us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
usd
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
usd
CY2022 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
usd
CY2022 PAVM Repayments Of Convertible Debt Non Installment Payments
RepaymentsOfConvertibleDebtNonInstallmentPayments
usd
CY2021 PAVM Proceeds From Issuance Of Common Stock At The Market Facility
ProceedsFromIssuanceOfCommonStockAtTheMarketFacility
usd
CY2021 PAVM Proceeds Majorityowned Subsidiary Common Stock Committed Equity Facility
ProceedsMajorityownedSubsidiaryCommonStockCommittedEquityFacility
usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
usd
CY2022 PAVM Proceeds From Warrant Exercises Two
ProceedsFromWarrantExercisesTwo
usd
CY2021 PAVM Proceeds Majorityowned Subsidiary Common Stock Employee Stock Purchase Plan
ProceedsMajorityownedSubsidiaryCommonStockEmployeeStockPurchasePlan
usd
CY2021 PAVM Proceeds From Exercise Of Stock Options Issued Under Equity Plan Of Majority Owned Subsidiary
ProceedsFromExerciseOfStockOptionsIssuedUnderEquityPlanOfMajorityOwnedSubsidiary
usd
CY2021 PAVM Purchase Treasury Stock Payment Of Employee Payroll Tax Obligation In Connection With Stockbased Compensation
PurchaseTreasuryStockPaymentOfEmployeePayrollTaxObligationInConnectionWithStockbasedCompensation
usd
CY2021Q4 PAVM Veris Box Supplies
VerisBoxSupplies
usd
CY2022Q4 PAVM Prepaid Carp X Device
PrepaidCarpXDevice
usd
CY2022 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
pure
CY2022 PAVM Adjustments To Additional Paid In Capital Minority Interest Investement Value
AdjustmentsToAdditionalPaidInCapitalMinorityInterestInvestementValue
usd
CY2021 PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value One
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValueOne
usd
CY2021 PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value Two
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValueTwo
usd
CY2021 PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValue
usd
CY2021 PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value Three
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValueThree
usd
CY2021 PAVM Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Values
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValues
usd
CY2022 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
usd
CY2021 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
pure
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
usd
CY2021Q4 PAVM Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
usd
CY2021Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
usd
CY2021Q4 PAVM Deferred Tax Assets Tax Depreciation And Amortization
DeferredTaxAssetsTaxDepreciationAndAmortization
usd
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
usd
CY2022Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Patent Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedPatentCosts
usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity File Number
EntityFileNumber
001-37685
CY2022 dei Entity Registrant Name
EntityRegistrantName
PAVMED INC.
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-1214177
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
360 Madison Avenue
CY2022 dei Entity Address Address Line2
EntityAddressAddressLine2
25th Floor
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
New York
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
10017
CY2022 dei City Area Code
CityAreaCode
(212)
CY2022 dei Local Phone Number
LocalPhoneNumber
949-4319
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Public Float
EntityPublicFloat
70500000 usd
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
98419795 shares
CY2022 dei Auditor Firm
AuditorFirmId
688
CY2022 dei Auditor Name
AuditorName
Marcum LLP
CY2022 dei Auditor Location
AuditorLocation
New York, NY
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39744000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
77258000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
17000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
200000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4165000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5179000 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
43926000 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
82637000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2451000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1585000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3037000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3445000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2029000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1121000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
725000 usd
CY2022Q4 us-gaap Assets
Assets
53980000 usd
CY2021Q4 us-gaap Assets
Assets
86976000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2704000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3299000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3705000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4259000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1141000 usd
CY2022Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
33650000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
41200000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
7558000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1846000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
43046000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
7558000 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
2695000 usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
2419000 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
94510537 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
94510537 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
86367845 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
86367845 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
95000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
86000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
216106000 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
198071000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-228169000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-138910000 usd
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
408000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-9681000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
61666000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
20615000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
17752000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10934000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
79418000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
53980000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
86976000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
377000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
500000 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
3614000 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
585000 usd
CY2022 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
19318000 usd
CY2021 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
8895000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
41041000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25420000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1784000 usd
CY2021 PAVM Issue Common Stock Exercise Series Z Warrants Value
IssueCommonStockExerciseSeriesZWarrantsValue
7804000 usd
CY2021 PAVM Issue Common Stock Exercise Series W Warrants Value
IssueCommonStockExerciseSeriesWWarrantsValue
20000 usd
CY2021 PAVM Issue Common Stock Upon Partial Conversions Of Senior Secured Convertible Note
IssueCommonStockUponPartialConversionsOfSeniorSecuredConvertibleNote
1723000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
146000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
25547000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19847000 usd
CY2022 us-gaap Costs And Expenses
CostsAndExpenses
91304000 usd
CY2021 us-gaap Costs And Expenses
CostsAndExpenses
54893000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-90927000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-54393000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
1272000 usd
CY2022 PAVM Change In Fair Value Senior Secured Convertible Note
ChangeInFairValueSeniorSecuredConvertibleNote
1273000 usd
CY2021 PAVM Change In Fair Value Senior Secured Convertible Note
ChangeInFairValueSeniorSecuredConvertibleNote
-1682000 usd
CY2022 PAVM Loss On Issue And Offering Costs Senior Secured Convertible Note
LossOnIssueAndOfferingCostsSeniorSecuredConvertibleNote
4332000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-5434000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-3715000 usd
CY2021 PAVM Debt Instrument Forgiveness
DebtInstrumentForgiveness
300000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-12311000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1733000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-103238000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-56126000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-103238000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-56126000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-14255000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5779000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-88983000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-50347000 usd
CY2022 PAVM Series B Preferred Stock Dividends Income Statement Impact
SeriesBPreferredStockDividendsIncomeStatementImpact
281000 usd
CY2021 PAVM Series B Preferred Stock Dividends Income Statement Impact
SeriesBPreferredStockDividendsIncomeStatementImpact
283000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-89264000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-50630000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.00
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.65
CY2022 PAVM Net Loss Attributable To Common Stockholders Per Share Basic And Diluted
NetLossAttributableToCommonStockholdersPerShareBasicAndDiluted
-1.00
CY2021 PAVM Net Loss Attributable To Common Stockholders Per Share Basic And Diluted
NetLossAttributableToCommonStockholdersPerShareBasicAndDiluted
-0.65
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89076078 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77515767 shares
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
79418000 usd
CY2022 PAVM Stock Issued During Period Value Atm Facility
StockIssuedDuringPeriodValueATMFacility
79000 usd
CY2022 PAVM Issue Common Stock Upon Partial Conversions Of Senior Secured Convertible Note
IssueCommonStockUponPartialConversionsOfSeniorSecuredConvertibleNote
11807000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
302000 usd
CY2022 PAVM Adjustment To Additional Paid In Capital Issue Common Stock Of Majorityowned Subsidiary
AdjustmentToAdditionalPaidInCapitalIssueCommonStockOfMajorityownedSubsidiary
695000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
358000 usd
CY2022 PAVM Purchase Majorityowned Subsidiary Common Stock Employee Stock Purchase Plan
PurchaseMajorityownedSubsidiaryCommonStockEmployeeStockPurchasePlan
109000 usd
CY2022 PAVM Issuance Majorityowned Subsidiary Common Stock Committed Equity Facility Net Of Deferred Financing Charges
IssuanceMajorityownedSubsidiaryCommonStockCommittedEquityFacilityNetOfDeferredFinancingCharges
1767000 usd
CY2022 PAVM Issuance Majorityowned Subsidiary Common Stock Settlement Apardx Installment Payment
IssuanceMajorityownedSubsidiaryCommonStockSettlementApardxInstallmentPayment
653000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
5666000 usd
CY2022 PAVM Stockbased Compensation Majorityowned Subsidiary
StockbasedCompensationMajorityownedSubsidiary
13866000 usd
CY2022 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
-548000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-103238000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10934000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-473000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-473000 usd
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
53704000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
979000 usd
CY2021 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
436000 usd
CY2021 PAVM Stock Issued During The Periof Of New Issue Impact Of Subsidiary Equity Transactions
StockIssuedDuringThePeriofOfNewIssueImpactOfSubsidiaryEquityTransactions
56336000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
5410000 usd
CY2021 PAVM Stockbased Compensation Majorityowned Subsidiary
StockbasedCompensationMajorityownedSubsidiary
9599000 usd
CY2021 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
6000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-56126000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
79418000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
79418000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-103238000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-56126000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2457000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
226000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
19532000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
15009000 usd
CY2021 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
133000 usd
CY2022 PAVM Issuance Of Common Stock Installment Settlement Payment
IssuanceOfCommonStockInstallmentSettlementPayment
653000 usd
CY2022 PAVM Change In Fair Value Senior Secured Convertible Note
ChangeInFairValueSeniorSecuredConvertibleNote
1273000 usd
CY2021 PAVM Change In Fair Value Senior Secured Convertible Note
ChangeInFairValueSeniorSecuredConvertibleNote
-1682000 usd
CY2022 PAVM Loss Upon Issuance Senior Secured Convertible Note
LossUponIssuanceSeniorSecuredConvertibleNote
3523000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-5434000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-3715000 usd
CY2021 PAVM Debt Instrument Forgiveness
DebtInstrumentForgiveness
300000 usd
CY2022 us-gaap Other Noncash Expense
OtherNoncashExpense
97000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-183000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
200000 usd
CY2022 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-397000 usd
CY2021 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
3458000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-742000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
174000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-554000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1918000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-70985000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-40591000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1540000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1469000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3200000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2247000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4740000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3716000 usd
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
62000000 usd
CY2021 us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
5665000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
55016000 usd
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1312000 usd
CY2022 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
35227000 usd
CY2021 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
14816000 usd
CY2021 PAVM Repayments Of Convertible Debt Non Installment Payments
RepaymentsOfConvertibleDebtNonInstallmentPayments
154000 usd
CY2022 PAVM Proceeds From Issuance Of Common Stock At The Market Facility
ProceedsFromIssuanceOfCommonStockAtTheMarketFacility
79000 usd
CY2022 PAVM Proceeds Majorityowned Subsidiary Common Stock Committed Equity Facility
ProceedsMajorityownedSubsidiaryCommonStockCommittedEquityFacility
1807000 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
7804000 usd
CY2021 PAVM Proceeds From Warrant Exercises Two
ProceedsFromWarrantExercisesTwo
20000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
302000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
980000 usd
CY2022 PAVM Proceeds From Issue Of Common Stock Employee Stock Purchase Plan
ProceedsFromIssueOfCommonStockEmployeeStockPurchasePlan
358000 usd
CY2021 PAVM Proceeds From Issue Of Common Stock Employee Stock Purchase Plan
ProceedsFromIssueOfCommonStockEmployeeStockPurchasePlan
436000 usd
CY2022 PAVM Proceeds Majorityowned Subsidiary Common Stock Employee Stock Purchase Plan
ProceedsMajorityownedSubsidiaryCommonStockEmployeeStockPurchasePlan
109000 usd
CY2022 PAVM Proceeds From Exercise Of Stock Options Issued Under Equity Plan Of Majority Owned Subsidiary
ProceedsFromExerciseOfStockOptionsIssuedUnderEquityPlanOfMajorityOwnedSubsidiary
695000 usd
CY2022 PAVM Purchase Treasury Stock Payment Of Employee Payroll Tax Obligation In Connection With Stockbased Compensation
PurchaseTreasuryStockPaymentOfEmployeePayrollTaxObligationInConnectionWithStockbasedCompensation
366000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38211000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
104309000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-37514000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
60002000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
77258000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17256000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
39744000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
77258000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_801_eus-gaap--NatureOfOperations_zYFR2aT0yXyk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 1 — <span id="xdx_82D_zDHt0SIt8rC5">The Company</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Description of the Business</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">PAVmed Inc and Subsidiaries, referred to herein as “PAVmed” or the “Company,” is comprised of PAVmed Inc. and its wholly-owned subsidiary and its majority-owned subsidiaries, inclusive of Lucid Diagnostics Inc. (“Lucid Diagnostics” or “LUCID”) and Veris Health Inc. (“Veris Health” or “VERIS”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">PAVmed is a highly differentiated, multi-product, commercial-stage medical technology company organized to advance a broad pipeline of innovative medical technologies from concept to commercialization, employing a business model focused on capital efficiency and speed to market.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our current central focus is predominantly on commercial expansion and execution including the acceleration of EsoGuard and Veris Cancer Care Platform commercialization. As resources permit, we will continue to explore internal and external innovations that fulfill our project selection criteria without limiting ourselves to any target specialty or condition. More broadly, we strive to maintain balance within our pipeline with shorter-term, lower-risk projects with the prospect for rapid commercialization and revenue generation supporting development of longer-term projects. At the same time, we are continuously re-assessing each project’s long-term commercial potential relative to other projects in our pipeline, accelerating or decelerating the project and reallocating resources accordingly.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company operates in one segment as a medical technology company, with the following lines of business: Diagnostics, Medical Devices and Digital Health. Above in <i>Part I, Item 1 - Business</i> is a summary of each of our key products within these sectors, including in particular EsoGuard and the Veris Cancer Care Platform, currently our two leading products. We are also pursuing a number of research and development project and product opportunities across these three lines of business, which have either been developed internally or have been presented to us by clinician innovators and academic medical institutions for consideration.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zKrxPjcAfSV" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_868_zXA14c2RMb94">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In preparing the consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets, inclusive of acquired intangible assets and the determination of corresponding carrying value reserve, if any, and liabilities and the disclosure of contingent losses, as of the date of the consolidated financial statements, as well as the reported amounts of revenue and expenses during the reporting period. Significant estimates in these consolidated financial statements include those related to the estimated fair value of stock-based equity awards, intangible assets, financial instruments recognized as liabilities, debt obligations, and common stock purchase warrants. Other significant estimates include the estimated incremental borrowing rate, the provision or benefit for income taxes and the corresponding valuation allowance on deferred tax assets. Additionally, management’s assessment of the Company’s ability to continue as a going concern involves the estimation of the amount and timing of future cash inflows and outflows. On an ongoing basis, the Company evaluates its estimates and assumptions. The Company bases its estimates on historical experience and on various other assumptions believed to be reasonable. Due to inherent uncertainty involved in making estimates, actual results reported in future periods may be affected by changes in these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 2 — Summary of Significant Accounting Policies</b> - continued</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
3614000 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
585000 usd
CY2022 PAVM License Fee
LicenseFee
273000 usd
CY2021Q3 PAVM License Agreement Remaining Balance
LicenseAgreementRemainingBalance
223000 usd
CY2022 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
greater than 50% likelihood
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2021Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_843_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zzNBA7No0HRh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zUTrOhfM00U5">Reclassifications</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior-year amounts have been reclassified to conform to the current year presentation, which includes presenting costs of revenue within operating expenses on the statements of operations, in the consolidated financial statements and accompanying notes to the consolidated financial statements. The impact of the reclassifications made to prior year amounts is not material and did not affect net loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
377000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
500000 usd
CY2022 PAVM Monthly Fees
MonthlyFees
100000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
500000 usd
CY2021Q3 PAVM Amendment Fee
AmendmentFee
10000 usd
CY2022 PAVM Non Refundable Commercialization Milestone Payment Amount
NonRefundableCommercializationMilestonePaymentAmount
100000 usd
CY2022 PAVM Future Royalties Fees Based On Future Net Sales
FutureRoyaltiesFeesBasedOnFutureNetSales
150000 usd
CY2022 us-gaap Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
300000 usd
CY2022 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
100000000.0 usd
CY2022 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
600000 usd
CY2022 PAVM Royalty Fee Payment Liability Percentage
RoyaltyFeePaymentLiabilityPercentage
0.050 pure
CY2022 us-gaap Royalty Expense
RoyaltyExpense
23000 usd
CY2021 us-gaap Royalty Expense
RoyaltyExpense
25000 usd
CY2022 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
1649000 usd
CY2021 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
1338000 usd
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
3200000 usd
CY2022Q4 PAVM Prepaid Service Providers And Suppliers
PrepaidServiceProvidersAndSuppliers
599000 usd
CY2021Q4 PAVM Prepaid Service Providers And Suppliers
PrepaidServiceProvidersAndSuppliers
808000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
300000 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1856000 usd
CY2022Q4 us-gaap Security Deposit
SecurityDeposit
3005000 usd
CY2021Q4 us-gaap Security Deposit
SecurityDeposit
1989000 usd
CY2022Q4 PAVM Esocheck Cell Collection Prepaid Supplies
EsocheckCellCollectionPrepaidSupplies
59000 usd
CY2021Q4 PAVM Esocheck Cell Collection Prepaid Supplies
EsocheckCellCollectionPrepaidSupplies
434000 usd
CY2022Q4 PAVM Esoguard Mailer Prepaid Supplies
EsoguardMailerPrepaidSupplies
52000 usd
CY2021Q4 PAVM Esoguard Mailer Prepaid Supplies
EsoguardMailerPrepaidSupplies
59000 usd
CY2022Q4 PAVM Veris Box Supplies
VerisBoxSupplies
150000 usd
CY2021Q4 PAVM Prepaid Carp X Device
PrepaidCarpXDevice
33000 usd
CY2022Q4 PAVM Prepaid Expense Deposits And Other Assets Current
PrepaidExpenseDepositsAndOtherAssetsCurrent
4165000 usd
CY2021Q4 PAVM Prepaid Expense Deposits And Other Assets Current
PrepaidExpenseDepositsAndOtherAssetsCurrent
5179000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3259000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1723000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
808000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
138000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2451000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1585000 usd
CY2022 us-gaap Depreciation
Depreciation
673000 usd
CY2021 us-gaap Depreciation
Depreciation
80000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
1174000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
191000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
191000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
52000 usd
CY2022 us-gaap Lease Cost
LeaseCost
1417000 usd
CY2021 us-gaap Lease Cost
LeaseCost
191000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1327000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1275000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
323000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
272000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
132000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3329000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
342000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2987000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
1078000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3949000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M2D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07875 pure
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3037000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2987000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1141000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1846000 usd
CY2022Q3 us-gaap Payments For Rent
PaymentsForRent
3200000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5375000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2175000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1930000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
146000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3445000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2029000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1784000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
146000 usd
CY2022 PAVM Change In Fair Value Senior Secured Convertible Note
ChangeInFairValueSeniorSecuredConvertibleNote
1273000 usd
CY2022 PAVM Fair Value Of Non Cash Expense
FairValueOfNonCashExpense
3550000 usd
CY2022 PAVM Decreases In Fair Value Remeasurements
DecreasesInFairValueRemeasurements
2277000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2021000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
688000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
421000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
315000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3445000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1947000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3151000 usd
CY2022Q4 PAVM Amended License Agreement Royalty Fee
AmendedLicenseAgreementRoyaltyFee
10000 usd
CY2021Q4 PAVM Amended License Agreement Royalty Fee
AmendedLicenseAgreementRoyaltyFee
25000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1748000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1083000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
3705000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
4259000 usd
CY2020Q4 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
450000 usd
CY2020Q4 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
450000 usd
CY2022Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
33650000 usd
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
27500000 usd
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
11250000 usd
CY2021 PAVM Change In Fair Value Senior Secured Convertible Note
ChangeInFairValueSeniorSecuredConvertibleNote
-1682000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
32747000 usd
CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
33650000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
3715000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
19532000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
15009000 usd
CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
6193000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
1719000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
428000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
311000 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
897000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
15000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
16000 usd
CY2022Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
3.00
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2022Q4 PAVM Increase In Common Stock Shares Authorized
IncreaseInCommonStockSharesAuthorized
100000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2022 PAVM Stock Issued During Period Shares Atm Facility
StockIssuedDuringPeriodSharesATMFacility
106225 shares
CY2022 PAVM Stock Issued During Period Value Atm Facility
StockIssuedDuringPeriodValueATMFacility
79000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
17752000 usd
CY2020Q4 us-gaap Minority Interest
MinorityInterest
-2369000 usd
CY2021 PAVM Adjustments To Additional Paid In Capital Minority Interest Investement Value
AdjustmentsToAdditionalPaidInCapitalMinorityInterestInvestementValue
6000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-14255000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5779000 usd
CY2022 PAVM Impact Of Subsidiary Equity Transactions
ImpactOfSubsidiaryEquityTransactions
28000 usd
CY2021 PAVM Impact Of Subsidiary Equity Transactions
ImpactOfSubsidiaryEquityTransactions
16760000 usd
CY2022 PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value One
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValueOne
1767000 usd
CY2022 PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value Two
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValueTwo
653000 usd
CY2022 PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValue
695000 usd
CY2022 PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value Three
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValueThree
109000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13859000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9134000 usd
CY2022 PAVM Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Values
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValues
7000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
20615000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
17752000 usd
CY2022Q4 PAVM Deferred Tax Assets Tax Depreciation And Amortization
DeferredTaxAssetsTaxDepreciationAndAmortization
221000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
58354000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
44421000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
850000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
22000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Patent Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedPatentCosts
36000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
850000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-24265000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-9528000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
11124000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-9409000 usd
CY2022 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-13141000 usd
CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-18937000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
13141000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
18937000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2021 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 State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.066 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.132 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.010 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.006 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.013 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.152 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.127 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.337 pure
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
37032000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
35989000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
922000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
11105000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
7091000 usd
CY2022Q4 PAVM Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
836000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
58000 usd
CY2022Q4 PAVM Deferred Tax Assets Net Of Deferred Tax Liabilities
DeferredTaxAssetsNetOfDeferredTaxLiabilities
57504000 usd
CY2021Q4 PAVM Deferred Tax Assets Net Of Deferred Tax Liabilities
DeferredTaxAssetsNetOfDeferredTaxLiabilities
44363000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
57504000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
44363000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
13141000 usd
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
18937000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
158400000 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
104100000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration
13800000 usd
CY2022 PAVM Operating Loss Carry Forward Expiration Description
OperatingLossCarryForwardExpirationDescription
statutory expiration dates commencing in 2037
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
144600000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
157800000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
1700000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-103238000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-56126000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-14255000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5779000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-88983000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-50347000 usd
CY2022 PAVM Preferred Stock Dividends Series B
PreferredStockDividendsSeriesB
-281000 usd
CY2021 PAVM Preferred Stock Dividends Series B
PreferredStockDividendsSeriesB
-283000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-89264000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-50630000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89076078 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77515767 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.00
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.65
CY2022 PAVM Net Loss Attributable To Common Stockholders Per Share Basic And Diluted
NetLossAttributableToCommonStockholdersPerShareBasicAndDiluted
-1.00
CY2021 PAVM Net Loss Attributable To Common Stockholders Per Share Basic And Diluted
NetLossAttributableToCommonStockholdersPerShareBasicAndDiluted
-0.65
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25686864 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23816111 shares

Files In Submission

Name View Source Status
pavm-20221231_def.xml Edgar Link unprocessable
0001493152-23-007481-index-headers.html Edgar Link pending
0001493152-23-007481-index.html Edgar Link pending
0001493152-23-007481.txt Edgar Link pending
0001493152-23-007481-xbrl.zip Edgar Link pending
ex10-12.htm Edgar Link pending
ex10-13.htm Edgar Link pending
ex10-14_2.htm Edgar Link pending
ex10-9.htm Edgar Link pending
ex14-1.htm Edgar Link pending
ex21-1.htm Edgar Link pending
ex23-1.htm Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
ex4-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-k.htm Edgar Link pending
MetaLinks.json Edgar Link pending
pavm-20221231.xsd Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
pavm-20221231_cal.xml Edgar Link unprocessable
pavm-20221231_lab.xml Edgar Link unprocessable
pavm-20221231_pre.xml Edgar Link unprocessable
form10-k_htm.xml Edgar Link completed
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable