2024 Q4 Form 10-Q Financial Statement

#000149315224045258 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q4
Revenue $1.000M $1.049M
YoY Change 26.42% 836.61%
Cost Of Revenue $1.381M $1.611M
YoY Change -22.37% -0.43%
Gross Profit -$381.0K -$562.0K
YoY Change -61.44% -62.68%
Gross Profit Margin -38.1% -53.57%
Selling, General & Admin $9.569M $11.72M
YoY Change -12.0% -25.9%
% of Gross Profit
Research & Development $1.542M $3.595M
YoY Change -51.22% -46.13%
% of Gross Profit
Depreciation & Amortization $238.0K $722.0K
YoY Change -67.84% -0.55%
% of Gross Profit
Operating Expenses $11.11M $15.82M
YoY Change -20.83% -31.21%
Operating Profit -$11.58M -$16.38M
YoY Change -25.44% -33.14%
Interest Expense $465.0K -$275.0K
YoY Change -110.43% -213.17%
% of Operating Profit
Other Income/Expense, Net $72.29M $0.00
YoY Change -1261.83%
Pretax Income $60.71M -$17.41M
YoY Change -379.13% -29.16%
Income Tax $0.00
% Of Pretax Income
Net Earnings $64.40M -$15.91M
YoY Change -464.43% -22.54%
Net Earnings / Revenue 6439.9% -1516.21%
Basic Earnings Per Share $6.43
Diluted Earnings Per Share $1.44 -$1.98
COMMON SHARES
Basic Shares Outstanding 11.07M shares 10.41M shares 120.8M shares
Diluted Shares Outstanding 44.48M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.245M $22.31M
YoY Change -95.98% -47.81%
Cash & Equivalents $765.0K $19.64M
Short-Term Investments
Other Short-Term Assets $863.0K $1.848M
YoY Change -40.07% 59.31%
Inventory $6.000K $278.0K
Prepaid Expenses
Receivables $16.00K $61.00K
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.130M $24.50M
YoY Change -93.44% -44.23%
LONG-TERM ASSETS
Property, Plant & Equipment $216.0K $1.783M
YoY Change -88.13% -27.25%
Goodwill
YoY Change
Intangibles $0.00 $1.424M
YoY Change -100.0% -58.66%
Long-Term Investments $25.51M
YoY Change
Other Assets $75.00K $1.147M
YoY Change -93.46% 2.32%
Total Long-Term Assets $28.42M $8.621M
YoY Change 197.31% -14.25%
TOTAL ASSETS
Total Short-Term Assets $2.130M $24.50M
Total Long-Term Assets $28.42M $8.621M
Total Assets $30.55M $33.12M
YoY Change -27.3% -38.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $465.0K $1.786M
YoY Change -78.52% -33.95%
Accrued Expenses $4.543M $6.626M
YoY Change -17.17% 78.84%
Deferred Revenue
YoY Change
Short-Term Debt $32.05M $44.20M
YoY Change -31.16% 27.04%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $37.56M $54.18M
YoY Change -31.09% 31.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.380M $2.960M
YoY Change -28.74% 60.35%
Total Long-Term Liabilities $2.380M $2.960M
YoY Change -28.74% 60.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.56M $54.18M
Total Long-Term Liabilities $2.380M $2.960M
Total Liabilities $39.94M $57.14M
YoY Change -30.96% 32.73%
SHAREHOLDERS EQUITY
Retained Earnings -$256.3M -$294.4M
YoY Change -7.98% 29.04%
Common Stock $11.00K $9.000K
YoY Change -90.83% -90.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.869M -$53.83M
YoY Change
Total Liabilities & Shareholders Equity $30.55M $33.12M
YoY Change -27.3% -38.65%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q4
OPERATING ACTIVITIES
Net Income $64.40M -$15.91M
YoY Change -464.43% -22.54%
Depreciation, Depletion And Amortization $238.0K $722.0K
YoY Change -67.84% -0.55%
Cash From Operating Activities -$8.883M -$11.88M
YoY Change -19.9% -29.41%
INVESTING ACTIVITIES
Capital Expenditures $6.000K $182.0K
YoY Change -70.0% -38.93%
Acquisitions
YoY Change
Other Investing Activities -$16.13M $0.00
YoY Change
Cash From Investing Activities -$16.13M -$182.0K
YoY Change 80575.0% -38.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 284.0K 5.283M
YoY Change -21.11% 6503.75%
NET CHANGE
Cash From Operating Activities -8.883M -11.88M
Cash From Investing Activities -16.13M -182.0K
Cash From Financing Activities 284.0K 5.283M
Net Change In Cash -24.73M -6.775M
YoY Change 130.08% -60.24%
FREE CASH FLOW
Cash From Operating Activities -$8.883M -$11.88M
Capital Expenditures $6.000K $182.0K
Free Cash Flow -$8.889M -$12.06M
YoY Change -19.99% -29.57%

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PAVM Change In Fair Value Senior Secured Convertible Note
ChangeInFairValueSeniorSecuredConvertibleNote
2488000 usd
PAVM Change In Fair Value Senior Secured Convertible Note
ChangeInFairValueSeniorSecuredConvertibleNote
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CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
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us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
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PAVM Debt Modification Expense
DebtModificationExpense
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CY2023Q3 PAVM Change In Fair Value Derivative Liability
ChangeInFairValueDerivativeLiability
31000 usd
PAVM Change In Fair Value Derivative Liability
ChangeInFairValueDerivativeLiability
291000 usd
CY2024Q3 PAVM Management Fee Income
ManagementFeeIncome
700000 usd
PAVM Management Fee Income
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us-gaap Gain Loss On Disposition Of Intangible Assets
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
27285000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-61855000 usd
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ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
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CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
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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
226000 usd
PAVM Preferred Stock Dividends Attributable To Non Controlling Interests
PreferredStockDividendsAttributableToNonControllingInterests
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30620000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Earnings Per Share Basic
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1.44
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
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WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2024Q3 PAVM Adjustments To Additional Paid In Capital Share Based Compensation Subsidiary
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationSubsidiary
1235000 usd
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AdjustmentsToAdditionalPaidInCapitalTransferOfIntellectualProperty
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ProfitLoss
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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PAVM Stock Issued During Period Value Conversions Subsidiary Common Stock Senior Secured Convertible Note
StockIssuedDuringPeriodValueConversionsSubsidiaryCommonStockSeniorSecuredConvertibleNote
3801000 usd
PAVM Adjustment To Additional Paid In Capital Issue Common Stock Of Subsidiary
AdjustmentToAdditionalPaidInCapitalIssueCommonStockOfSubsidiary
4000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
353000 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
601000 usd
PAVM Issuance Subsidiary Preferred Stock Series A One
IssuanceSubsidiaryPreferredStockSeriesAOne
5670000 usd
PAVM Issuance Of Exchange Subsidiary Preferred Stock Series And Series A One
IssuanceOfExchangeSubsidiaryPreferredStockSeriesAndSeriesAOne
-24294000 usd
PAVM Issuance Of Exchange Sale Subsidiary Preferred Stock Series B And Series B One
IssuanceOfExchangeSaleSubsidiaryPreferredStockSeriesBAndSeriesBOne
31790000 usd
PAVM Issuance Of Exchange Subsidiary Preferred Stock Series B And Series B One
IssuanceOfExchangeSubsidiaryPreferredStockSeriesBAndSeriesBOne
24129000 usd
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
7496000 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
2228000 usd
PAVM Stock Issued During Period Value Stockbased Compensation Subsidiary
StockIssuedDuringPeriodValueStockbasedCompensationSubsidiary
3489000 usd
PAVM Adjustments To Additional Paid In Capital Transfer Of Intellectual Property
AdjustmentsToAdditionalPaidInCapitalTransferOfIntellectualProperty
350000 usd
PAVM Adjustments To Additional Paid In Capital Deconsolidation Of Subsidiary
AdjustmentsToAdditionalPaidInCapitalDeconsolidationOfSubsidiary
-56339000 usd
us-gaap Profit Loss
ProfitLoss
27285000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-830000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
3989000 usd
CY2023Q3 PAVM Stock Issued During Period Value Conversions Subsidiary Common Stock Senior Secured Convertible Note
StockIssuedDuringPeriodValueConversionsSubsidiaryCommonStockSeniorSecuredConvertibleNote
167000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
76000 usd
CY2023Q3 PAVM Purchase Majorityowned Subsidiary Common Stock Employee Stock Purchase Plan
PurchaseMajorityownedSubsidiaryCommonStockEmployeeStockPurchasePlan
275000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
978000 usd
CY2023Q3 PAVM Stock Issued During Period Value Stockbased Compensation Subsidiary
StockIssuedDuringPeriodValueStockbasedCompensationSubsidiary
1267000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-21750000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-15828000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10934000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10934000 usd
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
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StockIssuedDuringPeriodValueConversionsSubsidiaryCommonStockSeniorSecuredConvertibleNote
167000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
258000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
551000 usd
PAVM Issuance Subsidiary Common Stock Committed Equity Facility Net Of Financing Charges
IssuanceSubsidiaryCommonStockCommittedEquityFacilityNetOfFinancingCharges
284000 usd
PAVM Stock Issued During Period Value Issuance Subsidiary Common Stock Settlement Apardx Installment Payment
StockIssuedDuringPeriodValueIssuanceSubsidiaryCommonStockSettlementApardxInstallmentPayment
713000 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
3266000 usd
PAVM Stock Issued During Period Value Stockbased Compensation Subsidiary
StockIssuedDuringPeriodValueStockbasedCompensationSubsidiary
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us-gaap Profit Loss
ProfitLoss
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-15828000 usd
us-gaap Profit Loss
ProfitLoss
27285000 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1129000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2207000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5716000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
9171000 usd
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
1000000 usd
us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
72287000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
407000 usd
PAVM Issuance Of Common Stock Installment Settlement Payment
IssuanceOfCommonStockInstallmentSettlementPayment
713000 usd
PAVM Amortization Of Common Stock Payment For Vendor Service Agreement
AmortizationOfCommonStockPaymentForVendorServiceAgreement
448000 usd
PAVM Amortization Of Common Stock Payment For Vendor Service Agreement
AmortizationOfCommonStockPaymentForVendorServiceAgreement
625000 usd
PAVM Change In Fair Value Senior Secured Convertible Note
ChangeInFairValueSeniorSecuredConvertibleNote
2488000 usd
PAVM Change In Fair Value Senior Secured Convertible Note
ChangeInFairValueSeniorSecuredConvertibleNote
5772000 usd
PAVM Loss On Issue And Offering Costs Senior Secured Convertible Note
LossOnIssueAndOfferingCostsSeniorSecuredConvertibleNote
1111000 usd
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GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
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us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-3032000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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us-gaap Other Noncash Expense
OtherNoncashExpense
8000 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
304000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
18000 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
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us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
1757000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1780000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
59000 usd
PAVM Decrease In Cash Due To Deconsolidation Of Subsidiary
DecreaseInCashDueToDeconsolidationOfSubsidiary
16479000 usd
PAVM Proceeds From Sale Of Property Held For Sales
ProceedsFromSaleOfPropertyHeldForSales
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us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
941000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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29798000 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 Repayments Of Secured Debt
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1268000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1166000 usd
PAVM Proceeds Subsidiary Common Stock Committed Equity Facility And Atthemarket Facility
ProceedsSubsidiaryCommonStockCommittedEquityFacilityAndAtthemarketFacility
284000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
62000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
259000 usd
PAVM Proceeds Subsidiary Common Stock Employee Stock Purchase Plan
ProceedsSubsidiaryCommonStockEmployeeStockPurchasePlan
353000 usd
PAVM Proceeds Subsidiary Common Stock Employee Stock Purchase Plan
ProceedsSubsidiaryCommonStockEmployeeStockPurchasePlan
551000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
30954000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25885000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
765000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
26408000 usd
us-gaap Nature Of Operations
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<p id="xdx_806_eus-gaap--NatureOfOperations_z24yawsHTudh" style="font: 10pt Times New Roman, Times, Serif; 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_82F_zWHj3RUh3Un2">The Company</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; 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; 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; 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; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><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; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><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 subsidiary, Lucid Diagnostics Inc. (Nasdaq: LUCD) (“Lucid”). In addition, through a separate majority-owned subsidiary, Veris Health (“Veris”), we are focused in the immediate term on entering into strategic partnership opportunities with leading academic oncology systems to expand access to the Veris Platform, while concurrently developing an implantable physiological monitor, designed to be implanted alongside a chemotherapy port, which will interface with 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; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q3 us-gaap Revenues
Revenues
1000000.0 usd
us-gaap Revenues
Revenues
3000000.0 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30600000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2024Q3 PAVM Working Capital
WorkingCapital
-35400000 usd
CY2024Q3 us-gaap Secured Debt Current
SecuredDebtCurrent
32100000 usd
CY2024Q3 us-gaap Cash
Cash
800000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_ziWnTLPZOw4b" style="font: 10pt Times New Roman, Times, Serif; 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; 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; margin: 0pt 0pt 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 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; margin: 0pt 0pt 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 0pt 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 0pt 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 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; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
996000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2985000 usd
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
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
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us-gaap Cost Of Revenue
CostOfRevenue
4792000 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
1779000 usd
us-gaap Cost Of Revenue
CostOfRevenue
4809000 usd
CY2024Q3 PAVM Prepaid Service Providers And Suppliers
PrepaidServiceProvidersAndSuppliers
181000 usd
CY2023Q4 PAVM Prepaid Service Providers And Suppliers
PrepaidServiceProvidersAndSuppliers
739000 usd
CY2024Q3 us-gaap Prepaid Insurance
PrepaidInsurance
420000 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
848000 usd
CY2024Q3 us-gaap Security Deposit
SecurityDeposit
480000 usd
CY2023Q4 us-gaap Security Deposit
SecurityDeposit
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CY2024Q3 PAVM Veris Box Supplies
VerisBoxSupplies
262000 usd
CY2023Q4 PAVM Veris Box Supplies
VerisBoxSupplies
261000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1343000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4520000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
174000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
724000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
594000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
471000 usd
CY2024Q3 PAVM Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
848000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3519000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
640000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2879000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1407000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1080000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2728000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M4D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07875 pure
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07875 pure
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2618000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4267000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2879000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4525000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
499000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1565000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2380000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2960000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
70000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5375000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
70000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3951000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1424000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
82000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
505000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
559000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1516000 usd
CY2024Q3 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
0 usd
CY2024Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
25511000 usd
CY2024Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
32050000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
44200000 usd
CY2024Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
25229000 usd
CY2024Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
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CY2023Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
37683000 usd
CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
44200000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
44000000 usd
CY2024Q3 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
1252000 usd
CY2024Q3 us-gaap Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
190000 usd
CY2024Q3 PAVM Deconsolidation Fair Value Of Debt
DeconsolidationFairValueOfDebt
-10268000 usd
CY2024Q3 PAVM Debt Instruments Fair Value
DebtInstrumentsFairValue
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CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2024Q3 PAVM Other Income Expense Change In Fair Value
OtherIncomeExpenseChangeInFairValue
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CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
44200000 usd
us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
3440000 usd
us-gaap Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
930000 usd
PAVM Deconsolidation Fair Value Of Debt
DeconsolidationFairValueOfDebt
-10268000 usd
PAVM Debt Instruments Fair Value
DebtInstrumentsFairValue
2488000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
32050000 usd
PAVM Other Income Expense Change In Fair Value
OtherIncomeExpenseChangeInFairValue
2488000 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
CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-1403000 usd
us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-2535000 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-1764000 usd
us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-3032000 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
66720 shares
CY2024Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1931000 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2245000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5716000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
9171000 usd
CY2023Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-15
CY2023Q4 PAVM Stock Issused And Outstanding Description
StockIssusedAndOutstandingDescription
every 15 shares of the Company’s common stock that were issued and outstanding were automatically combined into one issued and outstanding share, without any change in par value of such shares.
CY2024Q1 us-gaap Debt Instrument Fee
DebtInstrumentFee
On March 7, 2024, the Company received a notice from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that, for the prior 30 consecutive business days (through March 6, 2024), the market value of the Company’s listed securities had been below the minimum of $35 million required for continued inclusion on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2). The Company was provided 180 calendar days, or until September 3, 2024, to regain compliance with the rule. The Company did not regain compliance with the rule during the allotted time period. Accordingly, on September 10, 2024, the Company received a staff determination letter from the Nasdaq Listing Qualifications Department, stating that unless the Company timely requested a hearing before a Nasdaq Hearings Panel (the “Panel”) to appeal the staff determination, the Company’s securities would be subject to suspension and delisting. The Company timely requested a hearing before the Panel, which was held on October 29, 2024.
PAVM Stock Issued During Period Share Atm Facilities
StockIssuedDuringPeriodShareATMFacilities
627302 shares
PAVM Stock Issued During Period Value Atm Facilities
StockIssuedDuringPeriodValueATMFacilities
977000 usd
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
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-11075000 usd
PAVM Impact Of Subsidiary Equity Transactions
ImpactOfSubsidiaryEquityTransactions
-4414000 usd
PAVM Lucid Diagnostics Proceeds From Issuance Of Preferred Stock Series A One
LucidDiagnosticsProceedsFromIssuanceOfPreferredStockSeriesAOne
5670000 usd
PAVM Lucid Diagnostics Exchange Of Preferred Stock Series And Series A One
LucidDiagnosticsExchangeOfPreferredStockSeriesAndSeriesAOne
-24294000 usd
PAVM Lucid Diagnostics Issuance Through Exchange Series B And Series B One
LucidDiagnosticsIssuanceThroughExchangeSeriesBAndSeriesBOne
31790000 usd
PAVM Lucid Diagnostics Issuance Through Sale Series B And Series B One
LucidDiagnosticsIssuanceThroughSaleSeriesBAndSeriesBOne
24129000 usd
PAVM Lucid Diagnostics Deemed Dividend On Preferred Stock
LucidDiagnosticsDeemedDividendOnPreferredStock
-7496000 usd
PAVM Lucid Diagnostics Issuance Of Common Stock For Settlement Of Vendor Service Agreement
LucidDiagnosticsIssuanceOfCommonStockForSettlementOfVendorServiceAgreement
401000 usd
PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValue
4000 usd
PAVM Adjustments To Additional Paid In Capital Minority Interest Requisite Service Period Recognition Value Four
AdjustmentsToAdditionalPaidInCapitalMinorityInterestRequisiteServicePeriodRecognitionValueFour
353000 usd
PAVM Issue Common Stock Upon Partial Conversions Of Majority Owned Subsidiary Common Senior Secured Convertible Note
IssueCommonStockUponPartialConversionsOfMajorityOwnedSubsidiaryCommonSeniorSecuredConvertibleNote
3801000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2771000 usd
PAVM Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Values
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValues
368000 usd
PAVM Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Deconsolidation Of Lucid
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteDeconsolidationOfLucid
-56339000 usd
CY2024Q3 us-gaap Minority Interest
MinorityInterest
-4518000 usd
CY2024Q1 PAVM Fair Value Of Series B Preferred Stock Issued
FairValueOfSeriesBPreferredStockIssued
31790000 usd
CY2024Q1 PAVM Fair Value Of Series B Preferred Stock Issued Shares
FairValueOfSeriesBPreferredStockIssuedShares
31790 shares
CY2024Q1 PAVM Fair Value Of Series B Preferred Stock Issued
FairValueOfSeriesBPreferredStockIssued
31790000 usd
CY2024Q1 PAVM Less Carrying Value Related To Series And Series A1 Preferred Stock Exchanged For Series B Preferred Stock Shares
LessCarryingValueRelatedToSeriesAndSeriesA1PreferredStockExchangedForSeriesBPreferredStockShares
24295 shares
CY2024Q1 PAVM Less Carrying Value Related To Series And Series A1 Preferred Stock Exchanged For Series B Preferred Stock
LessCarryingValueRelatedToSeriesAndSeriesA1PreferredStockExchangedForSeriesBPreferredStock
24294000 usd
CY2024Q1 PAVM Deemed Dividend Charged To Accumulated Deficit
DeemedDividendChargedToAccumulatedDeficit
7496000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
60711000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-21750000 usd
us-gaap Profit Loss
ProfitLoss
27285000 usd
us-gaap Profit Loss
ProfitLoss
-61855000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3688000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-4079000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-11075000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-11716000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
64399000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-17671000 usd
us-gaap Net Income Loss
NetIncomeLoss
38360000 usd
us-gaap Net Income Loss
NetIncomeLoss
-50139000 usd
CY2024Q3 PAVM Preferred Stock Dividends Series B
PreferredStockDividendsSeriesB
-83000 usd
CY2023Q3 PAVM Preferred Stock Dividends Series B
PreferredStockDividendsSeriesB
-77000 usd
PAVM Preferred Stock Dividends Series B
PreferredStockDividendsSeriesB
-244000 usd
PAVM Preferred Stock Dividends Series B
PreferredStockDividendsSeriesB
-226000 usd
PAVM Deemed Dividend On Subsidiary Preferred Stock Attributable To Noncontrolling Interests
DeemedDividendOnSubsidiaryPreferredStockAttributableToNoncontrollingInterests
-7496000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
64316000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17748000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30620000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-50365000 usd
CY2024Q3 PAVM Fair Value Adjustment For Diluted Eps Calculation
FairValueAdjustmentForDilutedEpsCalculation
-240000 usd
PAVM Fair Value Adjustment For Diluted Eps Calculation
FairValueAdjustmentForDilutedEpsCalculation
3378000 usd
CY2024Q3 PAVM Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
64076000 usd
CY2023Q3 PAVM Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
-17748000 usd
PAVM Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
33998000 usd
PAVM Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
-50365000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10005379 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7462751 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9286999 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6967764 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44475638 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7462751 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43069449 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6967764 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.43
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.23
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.23
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2028937 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2090297 shares
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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