2024 Q2 Form 10-Q Financial Statement

#000149315224018913 Filed on May 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $1.000M $1.000M $446.0K
YoY Change 502.41% 124.22% 135.98%
Cost Of Revenue $1.666M $1.744M $1.346M
YoY Change -1.13% 29.57% 264.77%
Gross Profit -$666.0K -$744.0K -$900.0K
YoY Change -56.16% -17.33% 400.0%
Gross Profit Margin -66.6% -74.4% -201.79%
Selling, General & Admin $11.25M $10.99M $14.56M
YoY Change 2.37% -24.51% 10.07%
% of Gross Profit
Research & Development $1.641M $1.941M $4.439M
YoY Change -52.7% -56.27% -25.17%
% of Gross Profit
Depreciation & Amortization $305.0K $586.0K $727.0K
YoY Change -59.17% -19.39% 236.57%
% of Gross Profit
Operating Expenses $12.89M $12.93M $19.00M
YoY Change -10.84% -31.93% -1.47%
Operating Profit -$13.68M -$14.04M -$20.40M
YoY Change -16.99% -31.2% 4.84%
Interest Expense -$467.0K -$2.107M -$1.102M
YoY Change -29.77% 91.2%
% of Operating Profit
Other Income/Expense, Net -$1.230M -$4.476M -$1.813M
YoY Change -12.64% 146.88% 947.98%
Pretax Income -$14.91M -$18.51M -$22.21M
YoY Change -16.64% -16.67% 13.15%
Income Tax
% Of Pretax Income
Net Earnings -$10.83M -$15.21M -$17.93M
YoY Change -25.52% -15.16% 6.28%
Net Earnings / Revenue -1082.7% -1521.2% -4020.4%
Basic Earnings Per Share -$2.62 -$0.18
Diluted Earnings Per Share -$1.19 -$2.62 -$0.19
COMMON SHARES
Basic Shares Outstanding 9.432M shares 9.172M shares 98.42M shares
Diluted Shares Outstanding 9.153M shares 8.695M shares 6.473M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.40M $27.88M $52.81M
YoY Change -33.95% -47.2% -22.01%
Cash & Equivalents $25.50M $25.54M $49.28M
Short-Term Investments
Other Short-Term Assets $1.906M $1.214M $1.004M
YoY Change 18.46% 20.92% -68.65%
Inventory $687.0K $410.0K
Prepaid Expenses
Receivables $219.0K $67.00K $27.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $30.21M $29.57M $53.84M
YoY Change -29.96% -45.07% -24.17%
LONG-TERM ASSETS
Property, Plant & Equipment $1.331M $1.595M $2.255M
YoY Change -34.37% -29.27% -55.05%
Goodwill
YoY Change
Intangibles $947.0K $1.052M $2.940M
YoY Change -61.11% -64.22%
Long-Term Investments
YoY Change
Other Assets $1.157M $1.147M $1.079M
YoY Change 7.23% 6.3% 55.25%
Total Long-Term Assets $9.206M $7.680M $11.45M
YoY Change -12.79% -32.9% -14.15%
TOTAL ASSETS
Total Short-Term Assets $30.21M $29.57M $53.84M
Total Long-Term Assets $9.206M $7.680M $11.45M
Total Assets $39.41M $37.25M $65.29M
YoY Change -26.58% -42.94% -22.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.232M $1.485M $1.258M
YoY Change 6.02% 18.04% -84.72%
Accrued Expenses $6.789M $6.657M $3.724M
YoY Change 37.26% 78.76% 6.46%
Deferred Revenue
YoY Change
Short-Term Debt $44.00M $45.54M $45.56M
YoY Change -0.94% -0.05% 5119.24%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.39M $55.02M $50.55M
YoY Change 5.13% 8.84% 188.95%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.665M $2.814M $3.936M
YoY Change 25.13% -28.51% 86.72%
Total Long-Term Liabilities $4.665M $2.814M $3.936M
YoY Change 25.13% -28.51% 86.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.39M $55.02M $50.55M
Total Long-Term Liabilities $4.665M $2.814M $3.936M
Total Liabilities $58.06M $57.83M $54.48M
YoY Change 6.5% 6.14% 41.87%
SHAREHOLDERS EQUITY
Retained Earnings -$320.6M -$309.7M -$246.2M
YoY Change 22.95% 25.82%
Common Stock $10.00K $9.000K $101.0K
YoY Change -90.83% -91.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$73.95M -$68.78M -$22.06M
YoY Change
Total Liabilities & Shareholders Equity $39.41M $37.25M $65.29M
YoY Change -26.58% -42.94% -22.59%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$10.83M -$15.21M -$17.93M
YoY Change -25.52% -15.16% 6.28%
Depreciation, Depletion And Amortization $305.0K $586.0K $727.0K
YoY Change -59.17% -19.39% 236.57%
Cash From Operating Activities -$11.66M -$13.10M -$16.29M
YoY Change -8.84% -19.57% 32.81%
INVESTING ACTIVITIES
Capital Expenditures $3.000K $42.00K $26.00K
YoY Change -80.0% 61.54% -104.53%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.000M
YoY Change -100.0%
Cash From Investing Activities -$3.000K -$42.00K $974.0K
YoY Change -80.0% -104.31% -269.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.62M $19.05M $24.85M
YoY Change 1599.12% -23.35% 7763.61%
NET CHANGE
Cash From Operating Activities -11.66M -$13.10M -$16.29M
Cash From Investing Activities -3.000K -$42.00K $974.0K
Cash From Financing Activities 11.62M $19.05M $24.85M
Net Change In Cash -37.00K $5.897M $9.536M
YoY Change -99.69% -38.16% -176.16%
FREE CASH FLOW
Cash From Operating Activities -$11.66M -$13.10M -$16.29M
Capital Expenditures $3.000K $42.00K $26.00K
Free Cash Flow -$11.66M -$13.14M -$16.31M
YoY Change -8.92% -19.44% 39.56%

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CY2023Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
1000000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-42000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
974000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
18165000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
13625000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
10000000 usd
CY2024Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
322000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
786000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
557000 usd
CY2023Q1 PAVM Proceeds Majorityowned Subsidiary Common Stock Atthemarket Facility
ProceedsMajorityownedSubsidiaryCommonStockAtthemarketFacility
284000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
62000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
182000 usd
CY2024Q1 PAVM Proceeds Majorityowned Subsidiary Common Stock Employee Stock Purchase Plan
ProceedsMajorityownedSubsidiaryCommonStockEmployeeStockPurchasePlan
353000 usd
CY2023Q1 PAVM Proceeds Majorityowned Subsidiary Common Stock Employee Stock Purchase Plan
ProceedsMajorityownedSubsidiaryCommonStockEmployeeStockPurchasePlan
276000 usd
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
19048000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
24924000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5897000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9536000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
19639000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
39744000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25536000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
49280000 usd
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_804_eus-gaap--NatureOfOperations_zQw3yOSd2Qif" style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 1 — <span id="xdx_826_zX6v6amoOjw9">The Company</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt 0pt 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; padding: 0pt; margin: 0pt 0pt 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; padding: 0pt; margin: 0pt 0pt 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; padding: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">PAVmed is structured to be a multi-product life sciences company organized to advance a pipeline of innovative healthcare technologies. Led by a team of highly skilled personnel with a track record of bringing innovative products to market, PAVmed is focused on innovating, developing, acquiring, and commercializing novel products that target unmet medical needs with large addressable market opportunities. Leveraging our corporate structure—a parent company that will establish distinct subsidiaries for each financed asset—we have the flexibility to raise capital at the PAVmed level to fund product development, or to structure financing directly into each subsidiary in a manner tailored to the applicable product, the latter of which is our current strategy given prevailing market conditions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our current focus is multi-fold. We continue to pursue commercial expansion and execution of EsoGuard, which is the flagship product of our majority-owned subsidiary Lucid Diagnostics Inc. (Nasdaq: LUCD) (“Lucid”). In addition, through a separate majority-owned subsidiary, Veris Health (“Veris”), we are focused on entering into strategic partnership opportunities with leading academic oncology systems to expand access to the Veris Platform. In terms of other existing products and technologies, we have adopted an incubator-type platform where we are looking to obtain financing on a product-by-product basis as necessary to advance each asset to a meaningful inflection point along its path to commercialization. Finally, as resources permit, we will continue to explore external innovations that fulfill our project selection criteria without limiting ourselves to any target sector, specialty or condition.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Revenues
Revenues
1000000.0 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22800000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13100000 usd
CY2024Q1 PAVM Working Capital
WorkingCapital
-25400000 usd
CY2024Q1 us-gaap Secured Debt Current
SecuredDebtCurrent
45500000 usd
CY2024Q1 us-gaap Cash
Cash
25500000 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_z1ijW0KxpNn8" style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Use of Estimates</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt 0pt 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; padding: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 9pt"><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 unaudited condensed 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; padding: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt 0pt 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; padding: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 3 — Summary of Significant Accounting Policies</b> - continued</span></p> <p style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_842_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zv1myMcCzdK6" style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Reclassifications</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; margin: 0pt 0pt 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; padding: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 9pt"><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; padding: 0pt; margin: 0pt 0pt 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; padding: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 PAVM Veris Box Supplies
VerisBoxSupplies
258000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1010000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
446000 usd
CY2024Q1 us-gaap Cost Of Revenue
CostOfRevenue
1744000 usd
CY2023Q1 us-gaap Cost Of Revenue
CostOfRevenue
1346000 usd
CY2024Q1 PAVM Prepaid Service Providers And Suppliers
PrepaidServiceProvidersAndSuppliers
436000 usd
CY2023Q4 PAVM Prepaid Service Providers And Suppliers
PrepaidServiceProvidersAndSuppliers
739000 usd
CY2024Q1 us-gaap Prepaid Insurance
PrepaidInsurance
520000 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
848000 usd
CY2024Q1 us-gaap Security Deposit
SecurityDeposit
2347000 usd
CY2023Q4 us-gaap Security Deposit
SecurityDeposit
2672000 usd
CY2023Q4 PAVM Veris Box Supplies
VerisBoxSupplies
261000 usd
CY2024Q1 PAVM Prepaid Expense Deposits And Other Assets Current
PrepaidExpenseDepositsAndOtherAssetsCurrent
3561000 usd
CY2023Q4 PAVM Prepaid Expense Deposits And Other Assets Current
PrepaidExpenseDepositsAndOtherAssetsCurrent
4520000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1374000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
841000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
794000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
624000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
472000 usd
CY2024Q1 PAVM Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
848000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4953000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
806000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4147000 usd
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
476000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
346000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2473000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M2D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07875 pure
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07875 pure
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3886000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4267000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4147000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4525000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1333000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1565000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2814000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2960000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5375000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5375000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4323000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3951000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1052000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1424000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
372000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
505000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
316000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
421000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
315000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1052000 usd
CY2024Q1 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
45540000 usd
CY2023Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
44200000 usd
CY2024Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
37320000 usd
CY2024Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
45540000 usd
CY2023Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
37683000 usd
CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
44200000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
44200000 usd
CY2024Q1 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
363000 usd
CY2024Q1 us-gaap Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
460000 usd
CY2024Q1 PAVM Debt Instruments Fair Value
DebtInstrumentsFairValue
2163000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
45540000 usd
CY2024Q1 PAVM Other Income Expense Change In Fair Value
OtherIncomeExpenseChangeInFairValue
2163000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
33650000 usd
CY2023Q1 us-gaap Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
11111000 usd
CY2023Q1 PAVM Fair Value Adjustment Issue Date
FairValueAdjustmentIssueDate
789000 usd
CY2023Q1 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
1335000 usd
CY2023Q1 us-gaap Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
166000 usd
CY2023Q1 PAVM Debt Instruments Fair Value
DebtInstrumentsFairValue
251000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
44300000 usd
CY2023Q1 PAVM Other Income Expense Change In Fair Value
OtherIncomeExpenseChangeInFairValue
1040000 usd
CY2024Q1 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-369000 usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-525000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
66720 shares
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1882000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4419000 usd
CY2024Q1 PAVM Stock Issued During Period Share Atm Facilities
StockIssuedDuringPeriodShareATMFacilities
133299 shares
CY2024Q1 PAVM Stock Issued During Period Value Atm Facilities
StockIssuedDuringPeriodValueATMFacilities
495000 usd
CY2024Q1 PAVM Payments For Commissions Percentage
PaymentsForCommissionsPercentage
0.03 pure
CY2024Q1 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
0.52
CY2024Q1 us-gaap Share Price
SharePrice
0.37709668
CY2024Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
23.48
CY2023Q4 us-gaap Minority Interest
MinorityInterest
29813000 usd
CY2024Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3300000 usd
CY2024Q1 PAVM Impact Of Subsidiary Equity Transactions
ImpactOfSubsidiaryEquityTransactions
1734000 usd
CY2024Q1 PAVM Lucid Diagnostics Proceeds From Issuance Of Preferred Stock Series A One
LucidDiagnosticsProceedsFromIssuanceOfPreferredStockSeriesAOne
5670000 usd
CY2024Q1 PAVM Lucid Diagnostics Exchange Of Preferred Stock Series And Series A One
LucidDiagnosticsExchangeOfPreferredStockSeriesAndSeriesAOne
-24295000 usd
CY2024Q1 PAVM Lucid Diagnostics Proceeds From Issuance Of Preferred Stock Series B
LucidDiagnosticsProceedsFromIssuanceOfPreferredStockSeriesB
44285000 usd
CY2024Q1 PAVM Lucid Diagnostics Deemed Dividend On Preferred Stock
LucidDiagnosticsDeemedDividendOnPreferredStock
-7495000 usd
CY2024Q1 PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValue
4000 usd
CY2024Q1 PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value Four
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValueFour
353000 usd
CY2024Q1 PAVM Issue Common Stock Upon Partial Conversions Of Majority Owned Subsidiary Common Senior Secured Convertible Note
IssueCommonStockUponPartialConversionsOfMajorityOwnedSubsidiaryCommonSeniorSecuredConvertibleNote
687000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
744000 usd
CY2024Q1 PAVM Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Values
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValues
5000 usd
CY2024Q1 us-gaap Minority Interest
MinorityInterest
48205000 usd
CY2024Q1 PAVM Fair Value Of Series B Preferred Stock Issued Shares
FairValueOfSeriesBPreferredStockIssuedShares
44285000 shares
CY2024Q1 PAVM Fair Value Of Series B Preferred Stock Issued
FairValueOfSeriesBPreferredStockIssued
44285000 usd
CY2024Q1 PAVM Less Fair Value Related To Newly Issued Series B Preferred Stock Shares
LessFairValueRelatedToNewlyIssuedSeriesBPreferredStockShares
12495000 shares
CY2024Q1 PAVM Less Fair Value Related To Newly Issued Series B Preferred Stock
LessFairValueRelatedToNewlyIssuedSeriesBPreferredStock
12495000 usd
CY2024Q1 PAVM Less Carrying Value Related To Series And Series A1 Preferred Stock Exchanged For Series B Preferred Stock Shares
LessCarryingValueRelatedToSeriesAndSeriesA1PreferredStockExchangedForSeriesBPreferredStockShares
24295000 shares
CY2024Q1 PAVM Less Carrying Value Related To Series And Series A1 Preferred Stock Exchanged For Series B Preferred Stock
LessCarryingValueRelatedToSeriesAndSeriesA1PreferredStockExchangedForSeriesBPreferredStock
24295000 usd
CY2024Q1 PAVM Deemed Dividend Charged To Accumulated Deficit
DeemedDividendChargedToAccumulatedDeficit
7495000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-18512000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-22214000 usd
CY2024Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3300000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-4283000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-15212000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-17931000 usd
CY2024Q1 PAVM Preferred Stock Dividends Series B
PreferredStockDividendsSeriesB
-80000 usd
CY2023Q1 PAVM Preferred Stock Dividends Series B
PreferredStockDividendsSeriesB
-74000 usd
CY2024Q1 PAVM Deemed Dividend On Subsidiary Preferred Stock Attributable To Noncontrolling Interests
DeemedDividendOnSubsidiaryPreferredStockAttributableToNoncontrollingInterests
-7496000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22788000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-18005000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8694904 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8694904 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6473010 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6473010 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.62
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.62
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.78
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.78
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2589046 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2141538 shares

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0001493152-24-018913.txt Edgar Link pending
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form10-q_htm.xml Edgar Link completed
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