2023 Q4 Form 10-Q Financial Statement

#000149315223040620 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $1.049M $791.0K $76.00K
YoY Change 836.61% 940.79% -62.0%
Cost Of Revenue $1.611M $1.779M $1.626M
YoY Change -0.43% 9.41% 1029.17%
Gross Profit -$562.0K -$988.0K -$1.550M
YoY Change -62.68% -36.26% -2867.86%
Gross Profit Margin -53.57% -124.91% -2039.47%
Selling, General & Admin $11.72M $10.87M $15.06M
YoY Change -25.9% -27.78% 78.83%
% of Gross Profit
Research & Development $3.595M $3.161M $6.202M
YoY Change -46.13% -49.03% 16.91%
% of Gross Profit
Depreciation & Amortization $722.0K $740.0K $700.0K
YoY Change -0.55% 5.71% 1742.11%
% of Gross Profit
Operating Expenses $15.82M $14.04M $21.26M
YoY Change -31.21% -33.98% 54.9%
Operating Profit -$16.38M -$15.53M -$23.31M
YoY Change -33.14% -33.39% 70.57%
Interest Expense -$275.0K -$4.460M -$264.0K
YoY Change -213.17% 1589.39%
% of Operating Profit
Other Income/Expense, Net $0.00 -$6.222M -$6.619M
YoY Change -6.0%
Pretax Income -$17.41M -$21.75M -$29.93M
YoY Change -29.16% -27.34% 118.99%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$15.91M -$17.67M -$26.13M
YoY Change -22.54% -32.36% 113.67%
Net Earnings / Revenue -1516.21% -2234.01% -34376.32%
Basic Earnings Per Share -$0.16 -$0.29
Diluted Earnings Per Share -$1.98 -$0.16 -$291.1K
COMMON SHARES
Basic Shares Outstanding 120.8M shares 111.4M shares 91.00M shares
Diluted Shares Outstanding 111.9M shares 89.76M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.31M $30.99M $60.77M
YoY Change -47.81% -49.0% 62.73%
Cash & Equivalents $19.64M $26.41M $56.79M
Short-Term Investments
Other Short-Term Assets $1.848M $1.440M $1.183M
YoY Change 59.31% 21.72% -71.43%
Inventory $278.0K
Prepaid Expenses
Receivables $61.00K $36.00K $31.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $24.50M $32.46M $61.98M
YoY Change -44.23% -47.63% 48.52%
LONG-TERM ASSETS
Property, Plant & Equipment $1.783M $1.820M $2.374M
YoY Change -27.25% -23.34% 426.39%
Goodwill
YoY Change
Intangibles $1.424M $1.929M $3.950M
YoY Change -58.66% -51.16%
Long-Term Investments
YoY Change
Other Assets $1.147M $1.147M $1.083M
YoY Change 2.32% 5.91% 43.44%
Total Long-Term Assets $8.621M $9.559M $10.49M
YoY Change -14.25% -8.84% 736.87%
TOTAL ASSETS
Total Short-Term Assets $24.50M $32.46M $61.98M
Total Long-Term Assets $8.621M $9.559M $10.49M
Total Assets $33.12M $42.02M $72.47M
YoY Change -38.65% -42.01% 68.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.786M $2.165M $2.454M
YoY Change -33.95% -11.78% -59.64%
Accrued Expenses $6.626M $5.485M $2.930M
YoY Change 78.84% 87.2% 75.34%
Deferred Revenue
YoY Change
Short-Term Debt $44.20M $46.56M $36.53M
YoY Change 27.04% 27.47%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $54.18M $54.51M $41.91M
YoY Change 31.5% 30.05% 440.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.960M $3.340M $1.998M
YoY Change 60.35% 67.17%
Total Long-Term Liabilities $2.960M $3.340M $1.998M
YoY Change 60.35% 67.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $54.18M $54.51M $41.91M
Total Long-Term Liabilities $2.960M $3.340M $1.998M
Total Liabilities $57.14M $57.85M $43.91M
YoY Change 32.73% 31.75% 441.08%
SHAREHOLDERS EQUITY
Retained Earnings -$294.4M -$278.5M -$207.6M
YoY Change 29.04% 34.14%
Common Stock $9.000K $120.0K $92.00K
YoY Change -90.53% 30.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $408.0K
YoY Change
Treasury Stock Shares
Shareholders Equity -$53.83M -$43.26M $8.948M
YoY Change
Total Liabilities & Shareholders Equity $33.12M $42.02M $72.47M
YoY Change -38.65% -42.01% 68.58%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$15.91M -$17.67M -$26.13M
YoY Change -22.54% -32.36% 113.67%
Depreciation, Depletion And Amortization $722.0K $740.0K $700.0K
YoY Change -0.55% 5.71% 1742.11%
Cash From Operating Activities -$11.88M -$11.09M -$19.34M
YoY Change -29.41% -42.66% 141.22%
INVESTING ACTIVITIES
Capital Expenditures $182.0K $20.00K -$316.0K
YoY Change -38.93% -106.33% 802.86%
Acquisitions $1.000M
YoY Change
Other Investing Activities $0.00 $0.00 -$1.000M
YoY Change -100.0% 900.0%
Cash From Investing Activities -$182.0K -$20.00K -$1.316M
YoY Change -38.93% -98.48% 874.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.283M 360.0K 12.29M
YoY Change 6503.75% -97.07% 438.05%
NET CHANGE
Cash From Operating Activities -11.88M -11.09M -19.34M
Cash From Investing Activities -182.0K -20.00K -1.316M
Cash From Financing Activities 5.283M 360.0K 12.29M
Net Change In Cash -6.775M -10.75M -8.368M
YoY Change -60.24% 28.47% 42.58%
FREE CASH FLOW
Cash From Operating Activities -$11.88M -$11.09M -$19.34M
Capital Expenditures $182.0K $20.00K -$316.0K
Free Cash Flow -$12.06M -$11.11M -$19.03M
YoY Change -29.57% -41.6% 138.32%

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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q3 us-gaap Profit Loss
ProfitLoss
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CY2022Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareBasic
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q3 PAVM Net Loss Attributable To Common Stockholders Per Share Basic
NetLossAttributableToCommonStockholdersPerShareBasic
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CY2023Q3 PAVM Net Loss Attributable To Common Stockholders Per Share Diluted
NetLossAttributableToCommonStockholdersPerShareDiluted
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CY2022Q3 PAVM Net Loss Attributable To Common Stockholders Per Share Basic
NetLossAttributableToCommonStockholdersPerShareBasic
-0.29
CY2022Q3 PAVM Net Loss Attributable To Common Stockholders Per Share Diluted
NetLossAttributableToCommonStockholdersPerShareDiluted
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PAVM Net Loss Attributable To Common Stockholders Per Share Basic
NetLossAttributableToCommonStockholdersPerShareBasic
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PAVM Net Loss Attributable To Common Stockholders Per Share Diluted
NetLossAttributableToCommonStockholdersPerShareDiluted
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PAVM Net Loss Attributable To Common Stockholders Per Share Basic
NetLossAttributableToCommonStockholdersPerShareBasic
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PAVM Net Loss Attributable To Common Stockholders Per Share Diluted
NetLossAttributableToCommonStockholdersPerShareDiluted
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WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104516464 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104516464 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87724124 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87724124 shares
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
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CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
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CY2023Q3 PAVM Stockbased Compensation Majorityowned Subsidiary
StockbasedCompensationMajorityownedSubsidiary
1267000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
8408000 usd
PAVM Issue Common Stock Upon Partial Conversions Of Majority Owned Subsidiary Common Senior Secured Convertible Note
IssueCommonStockUponPartialConversionsOfMajorityOwnedSubsidiaryCommonSeniorSecuredConvertibleNote
167000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
259000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
551000 usd
PAVM Issuance Majorityowned Subsidiary Common Stock At The Market Facility Net Of Financing Charges
IssuanceMajorityownedSubsidiaryCommonStockAtTheMarketFacilityNetOfFinancingCharges
284000 usd
PAVM Issuance Majorityowned Subsidiary Common Stock Settlement Apardx Installment Payment
IssuanceMajorityownedSubsidiaryCommonStockSettlementApardxInstallmentPayment
713000 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
749000 usd
PAVM Issuance Majorityowned Subsidiary Preferred Stock
IssuanceMajorityownedSubsidiaryPreferredStock
13625000 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
3266000 usd
PAVM Stockbased Compensation Majorityowned Subsidiary
StockbasedCompensationMajorityownedSubsidiary
5905000 usd
us-gaap Profit Loss
ProfitLoss
-61855000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-15828000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
41404000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
10112000 usd
CY2022Q3 PAVM Adjustment To Additional Paid In Capital Issue Common Stock Of Majorityowned Subsidiary
AdjustmentToAdditionalPaidInCapitalIssueCommonStockOfMajorityownedSubsidiary
6000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
140000 usd
CY2022Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
109000 usd
CY2022Q3 PAVM Issuance Majorityowned Subsidiary Common Stock Committed Equity Facility Net Of Deferred Financing Charges
IssuanceMajorityownedSubsidiaryCommonStockCommittedEquityFacilityNetOfDeferredFinancingCharges
1767000 usd
CY2022Q3 PAVM Issuance Majorityowned Subsidiary Common Stock Settlement Apardx Installment Payment
IssuanceMajorityownedSubsidiaryCommonStockSettlementApardxInstallmentPayment
186000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
1481000 usd
CY2022Q3 PAVM Stockbased Compensation Majorityowned Subsidiary
StockbasedCompensationMajorityownedSubsidiary
3283000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-29932000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
28556000 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
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
10112000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
303000 usd
PAVM Adjustment To Additional Paid In Capital Issue Common Stock Of Majorityowned Subsidiary
AdjustmentToAdditionalPaidInCapitalIssueCommonStockOfMajorityownedSubsidiary
694000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
358000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
109000 usd
PAVM Issuance Majorityowned Subsidiary Common Stock Committed Equity Facility Net Of Deferred Financing Charges
IssuanceMajorityownedSubsidiaryCommonStockCommittedEquityFacilityNetOfDeferredFinancingCharges
1767000 usd
PAVM Issuance Majorityowned Subsidiary Common Stock Settlement Apardx Installment Payment
IssuanceMajorityownedSubsidiaryCommonStockSettlementApardxInstallmentPayment
427000 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
4206000 usd
PAVM Stockbased Compensation Majorityowned Subsidiary
StockbasedCompensationMajorityownedSubsidiary
10377000 usd
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
-548000 usd
us-gaap Profit Loss
ProfitLoss
-78666000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
28556000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
28556000 usd
us-gaap Profit Loss
ProfitLoss
-61855000 usd
us-gaap Profit Loss
ProfitLoss
-78666000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2207000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1731000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
9171000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
14583000 usd
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
1000000 usd
PAVM Issuance Of Common Stock Installment Settlement Payment
IssuanceOfCommonStockInstallmentSettlementPayment
713000 usd
PAVM Loss On Issue And Offering Costs Senior Secured Convertible Note
LossOnIssueAndOfferingCostsSeniorSecuredConvertibleNote
3523000 usd
us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-3032000 usd
us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-5123000 usd
PAVM Issuance Of Common Stock Installment Settlement Payment
IssuanceOfCommonStockInstallmentSettlementPayment
427000 usd
PAVM Issue Common Stock Vendor Service Agreement
IssueCommonStockVendorServiceAgreement
625000 usd
PAVM Change In Fair Value Senior Secured Convertible Note
ChangeInFairValueSeniorSecuredConvertibleNote
5772000 usd
PAVM Change In Fair Value Senior Secured Convertible Note
ChangeInFairValueSeniorSecuredConvertibleNote
1739000 usd
PAVM Loss On Issue And Offering Costs Senior Secured Convertible Note
LossOnIssueAndOfferingCostsSeniorSecuredConvertibleNote
1111000 usd
PAVM Change In Fair Value Derivative Liability
ChangeInFairValueDerivativeLiability
291000 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
304000 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
82000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
18000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-169000 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
1757000 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
563000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-538000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-981000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1780000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-1329000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-40162000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-54162000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
59000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1242000 usd
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
1000000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3200000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
941000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4442000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
13625000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
10000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
35227000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1166000 usd
PAVM Proceeds Majorityowned Subsidiary Common Stock Atthemarket Facility
ProceedsMajorityownedSubsidiaryCommonStockAtthemarketFacility
284000 usd
PAVM Proceeds Majorityowned Subsidiary Common Stock Atthemarket Facility
ProceedsMajorityownedSubsidiaryCommonStockAtthemarketFacility
1807000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
302000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
259000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
358000 usd
PAVM Proceeds Majorityowned Subsidiary Common Stock Employee Stock Purchase Plan
ProceedsMajorityownedSubsidiaryCommonStockEmployeeStockPurchasePlan
551000 usd
PAVM Proceeds Majorityowned Subsidiary Common Stock Employee Stock Purchase Plan
ProceedsMajorityownedSubsidiaryCommonStockEmployeeStockPurchasePlan
109000 usd
PAVM Proceeds From Exercise Of Stock Options Issued Under Equity Plan Of Majority Owned Subsidiary
ProceedsFromExerciseOfStockOptionsIssuedUnderEquityPlanOfMajorityOwnedSubsidiary
694000 usd
PAVM Purchase Treasury Stock Payment Of Employee Payroll Tax Obligation In Connection With Stockbased Compensation
PurchaseTreasuryStockPaymentOfEmployeePayrollTaxObligationInConnectionWithStockbasedCompensation
366000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25885000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38131000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13336000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-20473000 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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
26408000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
56785000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_802_eus-gaap--NatureOfOperations_z9fywD8jSkU7" 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_82F_zUbdju1JmpPj">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 diversified commercial-stage medical technology company operating in the medical device, diagnostics, and digital health sectors, including through Lucid Diagnostics, a commercial-stage cancer prevention diagnostics company, and Veris Health, a private digital health company focused on enhanced personalized cancer care through remote patient monitoring using implantable biologic sensors with wireless communication along with a custom suite of connected external devices. The Company’s current central focus is on the commercialization of Lucid’s EsoGuard assay and Veris Health’s Veris Cancer Care Platform. 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.</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> <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> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Liquidity</i></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> <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> <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 has financed its operations principally through public and private issuances of its common stock, preferred stock, common stock purchase warrants, and debt. The Company is subject to all of the risks and uncertainties typically faced by medical device and diagnostic companies that devote substantially all of their efforts to the commercialization of their initial product and services and ongoing research and development activities and conducting clinical trials. The Company expects to continue to experience recurring losses from operations and will continue to fund its operations with debt and equity financing transactions, including current obligations on the Company’s existing convertible debt which in accordance with management’s plans may include conversions to equity and refinancing our existing debt obligations to extend maturity dates. Notwithstanding, however, with the cash on-hand as of the date hereof and other debt and equity committed sources of financing, conversion and refinancing of existing convertible notes, the Company expects to be able to fund its operations for one year from the date of the issue of the Company’s consolidated financial statements included herein in the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2023.</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>
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
791000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1403000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
76000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
265000 usd
PAVM Monthly Fees
MonthlyFees
100000 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
1779000 usd
us-gaap Cost Of Revenue
CostOfRevenue
4809000 usd
CY2022Q3 us-gaap Cost Of Revenue
CostOfRevenue
1626000 usd
us-gaap Cost Of Revenue
CostOfRevenue
1996000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_zTZ5XXyIjbrb" 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_86D_zwRGuD4JSKwe">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"> </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 unaudited condensed consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of 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 unaudited condensed consolidated financial statements include those related to the estimated fair value of debt obligations, stock-based equity awards, intangible assets 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; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_845_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zZcHGehBZq87" 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_860_zWjLneuDwUoa">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 unaudited condensed consolidated financial statements and accompanying notes to the unaudited condensed 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"><b> </b></span></p>
CY2023Q3 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
442000 usd
CY2022Q3 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
350000 usd
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
1160000 usd
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
1230000 usd
CY2023Q3 PAVM Outstanding Payable
OutstandingPayable
820000 usd
CY2023Q3 PAVM Prepaid Service Providers And Suppliers
PrepaidServiceProvidersAndSuppliers
432000 usd
CY2022Q4 PAVM Prepaid Service Providers And Suppliers
PrepaidServiceProvidersAndSuppliers
599000 usd
CY2023Q3 us-gaap Prepaid Insurance
PrepaidInsurance
479000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
300000 usd
CY2023Q3 us-gaap Security Deposit
SecurityDeposit
4581000 usd
CY2022Q4 us-gaap Security Deposit
SecurityDeposit
3005000 usd
CY2023Q3 PAVM Esocheck Cell Collection Prepaid Supplies
EsocheckCellCollectionPrepaidSupplies
190000 usd
CY2022Q4 PAVM Esocheck Cell Collection Prepaid Supplies
EsocheckCellCollectionPrepaidSupplies
59000 usd
CY2022Q4 PAVM Esoguard Mailer Prepaid Supplies
EsoguardMailerPrepaidSupplies
52000 usd
CY2023Q3 PAVM Veris Box Supplies
VerisBoxSupplies
335000 usd
CY2022Q4 PAVM Veris Box Supplies
VerisBoxSupplies
150000 usd
CY2023Q3 PAVM Prepaid Expense Deposits And Other Assets Current
PrepaidExpenseDepositsAndOtherAssetsCurrent
6017000 usd
CY2022Q4 PAVM Prepaid Expense Deposits And Other Assets Current
PrepaidExpenseDepositsAndOtherAssetsCurrent
4165000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
485000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1852000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
835000 usd
CY2023Q2 PAVM Fair Value Measurements Description
FairValueMeasurementsDescription
is equal-to or greater than $750, then no further contractual consideration is required. However, if such fair market value is less than $750, then, the Company will incur an additional contractual consideration obligation in amount equal to the difference between the required minimum fair market value of $750 and the contractual formula based computed fair market value
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
787000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
617000 usd
CY2023Q3 PAVM Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
1319000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5895000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
978000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
4917000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1080000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
763000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2728000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3753000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M4D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y29D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07875 pure
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07875 pure
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4663000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3037000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
4917000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2987000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1574000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1141000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3343000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1846000 usd
CY2022Q3 us-gaap Payments For Rent
PaymentsForRent
3200000 usd
CY2023Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
262000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5375000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5375000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3446000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1930000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1929000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3445000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
505000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
505000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1516000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1278000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
505000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
688000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
421000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
315000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1929000 usd
CY2023Q3 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
45281000 usd
CY2022Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
33650000 usd
CY2023Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
291000 usd
CY2023Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
262000 usd
CY2023Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
291000 usd
CY2023Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
38664000 usd
CY2023Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
44990000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
32747000 usd
CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
33650000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
42990000 usd
CY2023Q3 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
2251000 usd
CY2023Q3 us-gaap Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
141000 usd
CY2023Q3 PAVM Debt Instruments Fair Value
DebtInstrumentsFairValue
4392000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
44990000 usd
CY2023Q3 PAVM Other Income Expense Change In Fair Value
OtherIncomeExpenseChangeInFairValue
4392000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
33650000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
33650000 usd
us-gaap Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
11111000 usd
PAVM Fair Value Adjustment Issue Date
FairValueAdjustmentIssueDate
789000 usd
us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
5194000 usd
us-gaap Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
349000 usd
PAVM Debt Instruments Fair Value
DebtInstrumentsFairValue
4983000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
44990000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
44990000 usd
PAVM Other Income Expense Change In Fair Value
OtherIncomeExpenseChangeInFairValue
5772000 usd
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-5123000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-5123000 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2245000 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
4764000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
9171000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
14583000 usd
CY2022Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
the Company received a notice from the Listing Qualifications Department of Nasdaq stating that, for the prior 30 consecutive business days (through December 28, 2022), the closing bid price of the Company’s common stock had been below the minimum of $1 per share required for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The notification letter stated that the Company would be afforded 180 calendar days (until June 27, 2023) to regain compliance. On June 28, 2023, the Company received a second notice from the Listing Qualifications Department of Nasdaq granting the Company a 180-day extension (or until December 26, 2023) to regain compliance with the minimum bid price requirement. In order to regain compliance, the closing bid price of the Company’s common stock must be at least $1 for a minimum of ten consecutive business days
CY2023Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
the Company’s Certificate of Incorporation, to effect, at any time prior to the one-year anniversary date of the Special Meeting, (i) a reverse split of the Company’s outstanding shares of common stock at a specific ratio, ranging from 1-for-5 to 1-for-15, to be determined by the board of directors of the Company in its sole discretion, and (ii) an associated reduction in the number of shares of common stock the Company is authorized to issue, from 250,000,000 shares to 50,000,000 shares. If the Company’s board of directors authorizes the Company to consummate the reverse stock split, the Company anticipates it will regain compliance with the Nasdaq requirements for continued listing through such transaction.
PAVM Stock Issued During Period Share Atm Facilities
StockIssuedDuringPeriodShareATMFacilities
2330747 shares
PAVM Stock Issued During Period Value Atm Facilities
StockIssuedDuringPeriodValueATMFacilities
1165000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
20615000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-11716000 usd
PAVM Impact Of Subsidiary Equity Transactions
ImpactOfSubsidiaryEquityTransactions
-1984000 usd
PAVM Issuance Majorityowned Subsidiary Preferred Stock
IssuanceMajorityownedSubsidiaryPreferredStock
13625000 usd
PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value One
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValueOne
284000 usd
PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value Two
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValueTwo
713000 usd
PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value Three
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValueThree
147000 usd
PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value Four
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValueFour
551000 usd
PAVM Issue Common Stock Upon Partial Conversions Of Majority Owned Subsidiary Common Senior Secured Convertible Note
IssueCommonStockUponPartialConversionsOfMajorityOwnedSubsidiaryCommonSeniorSecuredConvertibleNote
167000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5014000 usd
PAVM Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Values
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValues
15000 usd
CY2023Q3 us-gaap Minority Interest
MinorityInterest
27431000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-21750000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-29932000 usd
us-gaap Profit Loss
ProfitLoss
-61855000 usd
us-gaap Profit Loss
ProfitLoss
-78666000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-4079000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3806000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-11716000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-10143000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-17671000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-26126000 usd
us-gaap Net Income Loss
NetIncomeLoss
-50139000 usd
us-gaap Net Income Loss
NetIncomeLoss
-68523000 usd
CY2023Q3 PAVM Preferred Stock Dividends Series B
PreferredStockDividendsSeriesB
-77000 usd
CY2022Q3 PAVM Preferred Stock Dividends Series B
PreferredStockDividendsSeriesB
-71000 usd
PAVM Preferred Stock Dividends Series B
PreferredStockDividendsSeriesB
-226000 usd
PAVM Preferred Stock Dividends Series B
PreferredStockDividendsSeriesB
-209000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17748000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-26197000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-50365000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-68732000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111941269 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111941269 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89758927 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89758927 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104516464 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104516464 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87724124 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87724124 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.48
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.48
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.78
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.78
CY2023Q3 PAVM Net Loss Attributable To Common Stockholders Per Share Basic
NetLossAttributableToCommonStockholdersPerShareBasic
-0.16
CY2023Q3 PAVM Net Loss Attributable To Common Stockholders Per Share Diluted
NetLossAttributableToCommonStockholdersPerShareDiluted
-0.16
CY2022Q3 PAVM Net Loss Attributable To Common Stockholders Per Share Basic
NetLossAttributableToCommonStockholdersPerShareBasic
-0.29
CY2022Q3 PAVM Net Loss Attributable To Common Stockholders Per Share Diluted
NetLossAttributableToCommonStockholdersPerShareDiluted
-0.29
PAVM Net Loss Attributable To Common Stockholders Per Share Basic
NetLossAttributableToCommonStockholdersPerShareBasic
-0.48
PAVM Net Loss Attributable To Common Stockholders Per Share Diluted
NetLossAttributableToCommonStockholdersPerShareDiluted
-0.48
PAVM Net Loss Attributable To Common Stockholders Per Share Basic
NetLossAttributableToCommonStockholdersPerShareBasic
-0.78
PAVM Net Loss Attributable To Common Stockholders Per Share Diluted
NetLossAttributableToCommonStockholdersPerShareDiluted
-0.78
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
31354463 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25706122 shares

Files In Submission

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