$PVCT
PROVECTUS BIOPHARMACEUTICALS, INC.

2014 Form 10-K Financial Statement

#000119312515088039 Filed on March 12, 2015

View on sec.gov

Income Statement

Concept 2014 2013 Q4 2013 Q3
Revenue $0.00
YoY Change
Cost Of Revenue $0.00 $0.00
YoY Change
Gross Profit $0.00 $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $11.00M $1.900M $2.190M
YoY Change 25.6% 32.87% -4.78%
% of Gross Profit
Research & Development $5.809M $780.0K $1.297M
YoY Change 61.56% 20.0% 14.76%
% of Gross Profit
Depreciation & Amortization $8.532K $180.0K $160.0K
YoY Change 34.02% 0.0% 0.0%
% of Gross Profit
Operating Expenses $5.809M $2.840M $1.297M
YoY Change 61.56% 26.22% 14.76%
Operating Profit -$12.63M -$2.844M -$3.650M
YoY Change -3.03% 26.23% 1.56%
Interest Expense $2.390M -$13.75M -$900.0K
YoY Change -116.29% -4266.67% -172.0%
% of Operating Profit
Other Income/Expense, Net $0.00 -$13.75M -$903.0K
YoY Change -4242.77% -172.41%
Pretax Income -$10.24M -$16.60M -$4.550M
YoY Change -63.02% 764.58% 93.62%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$10.24M -$16.60M -$4.553M
YoY Change -63.02% 764.03% 93.99%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$58.26K -$111.8K -$34.58K
COMMON SHARES
Basic Shares Outstanding 140.0M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.39M $15.70M $8.250M
YoY Change 10.77% 1186.89% 348.37%
Cash & Equivalents $17.39M $15.70M $8.254M
Short-Term Investments
Other Short-Term Assets $978.0K $50.00K
YoY Change 150.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $19.10M $15.70M $8.299M
YoY Change 21.67% 1184.79% 346.18%
LONG-TERM ASSETS
Property, Plant & Equipment $92.17K $30.11K $31.83K
YoY Change 207.23% 0.95% 6.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $27.00K $27.00K
YoY Change -100.0% 0.0% -10.0%
Total Long-Term Assets $7.081M $4.312M $4.481M
YoY Change 64.3% -13.46% -12.98%
TOTAL ASSETS
Total Short-Term Assets $19.10M $15.70M $8.299M
Total Long-Term Assets $7.081M $4.312M $4.481M
Total Assets $26.18M $20.01M $12.78M
YoY Change 30.86% 222.48% 82.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $440.7K $348.9K $200.0K
YoY Change 25.91% 43.31% -28.57%
Accrued Expenses $407.0K $160.0K $340.0K
YoY Change -778.37% -40.74% -79.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $847.7K $512.9K $542.5K
YoY Change 66.22% 0.3% -72.32%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $12.87M $3.510M
YoY Change -100.0% 890.0% 115.34%
Total Long-Term Liabilities $0.00 $12.87M $3.510M
YoY Change -100.0% 890.0% 115.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $847.7K $512.9K $542.5K
Total Long-Term Liabilities $0.00 $12.87M $3.510M
Total Liabilities $994.3K $13.38M $4.057M
YoY Change -92.57% 638.79% 13.01%
SHAREHOLDERS EQUITY
Retained Earnings -$146.1M -$129.5M
YoY Change 23.4%
Common Stock $159.8K $140.0K
YoY Change 34.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.19M $6.629M $8.723M
YoY Change
Total Liabilities & Shareholders Equity $26.18M $20.01M $12.78M
YoY Change 30.86% 222.48% 82.32%

Cashflow Statement

Concept 2014 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income -$10.24M -$16.60M -$4.553M
YoY Change -63.02% 764.03% 93.99%
Depreciation, Depletion And Amortization $8.532K $180.0K $160.0K
YoY Change 34.02% 0.0% 0.0%
Cash From Operating Activities -$13.85M -$2.180M -$2.760M
YoY Change 39.98% -34.53% 23.77%
INVESTING ACTIVITIES
Capital Expenditures $70.59K $0.00 -$10.00K
YoY Change 961.5%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$70.59K $0.00 -$10.00K
YoY Change 961.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 15.61M 9.620M 6.390M
YoY Change -35.94% 254.98%
NET CHANGE
Cash From Operating Activities -13.85M -2.180M -2.760M
Cash From Investing Activities -70.59K 0.000 -10.00K
Cash From Financing Activities 15.61M 9.620M 6.390M
Net Change In Cash -70.59K 7.440M 3.620M
YoY Change -100.49% -1300.0% -262.33%
FREE CASH FLOW
Cash From Operating Activities -$13.85M -$2.180M -$2.760M
Capital Expenditures $70.59K $0.00 -$10.00K
Free Cash Flow -$13.92M -$2.180M -$2.750M
YoY Change 40.6% -34.53% 23.32%

Facts In Submission

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0.0025 pure
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WeightedAverageNumberOfShareOutstandingBasicAndDiluted
132000796 shares
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EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.181 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0013 pure
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y2M12D
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.22
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-0.340 pure
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0.695 pure
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0.0038 pure
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-28886392
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-27697744
CY2013 us-gaap Investment Income Interest
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1325
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526000
CY2013 us-gaap Allocated Share Based Compensation Expense
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142310
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0
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671120
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14474542
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-6650
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55379
CY2013 us-gaap Depreciation
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6366
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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142310
CY2013 us-gaap Increase Decrease In Accrued Liabilities
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-103912
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-1246000
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1188648
CY2013 us-gaap Dividends Preferred Stock Cash
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8761264
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7000
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226000
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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5015000
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105434
CY2013 pvct Issuance Of Warrants For Services
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1786824
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2550000
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-14671130
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3873187
CY2013 pvct Income Tax Reconciliation Gain Loss On Warrant Liability
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-5648000
CY2013 pvct Net Proceeds From Sales Of Common Stock And Warrants
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18419335
CY2013 pvct Cash Paid For Preferred Dividend
CashPaidForPreferredDividend
29063
CY2013 pvct Proceeds From Exercises Of Warrants And Stock Options
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3433392
CY2013 pvct Loss On Change In Fair Value Of Warrant Liability
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6911583
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0.05 pure
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526000
CY2013 pvct Portion Of Insurance Coverage
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250000
CY2013 pvct Issuance Of Common Stock And Warrants Pursuant To Regulation D Value
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18419335
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
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0
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Entity Registrant Name
EntityRegistrantName
PROVECTUS BIOPHARMACEUTICALS, INC.
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2014 dei Trading Symbol
TradingSymbol
PVCT
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.77
CY2014 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.00 pure
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P2M12D
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-13847411
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P10Y
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
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0 shares
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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-0.045 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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150000 shares
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150000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0025 pure
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <u>Estimates</u></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> </div>
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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175828004 shares
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-12-31
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0.477 pure
CY2014 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
The Company completed a Section 382 study for the period from inception through the year ended December 31, 2014 and recorded a limitation of $3.2 million of their net operating loss carry-forward.
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0.0003 pure
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0.77
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 us-gaap Lessor Leasing Arrangements Operating Leases Renewal Term
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P1Y
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0000315545
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EarningsPerShareBasicAndDiluted
-0.06
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0.637 pure
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0.0004 pure
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> Reclassification of Prior Period Balances</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Certain reclassifications have been made to prior period amounts to conform to current-year presentation.</p> </div>
CY2014 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
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P3Y10M6D
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
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-66667
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OperatingIncomeLoss
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CY2014 us-gaap Revenues
Revenues
0
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70590
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-10242990
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-10242990
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5645
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978000
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0
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671120
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1695358
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60000
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8532
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15613359
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500000
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1327300
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320000
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4862000
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91833
CY2014 pvct Cash And Cash Equivalents Maximum Investments Maturity Period
CashAndCashEquivalentsMaximumInvestmentsMaturityPeriod
Three months or less
CY2014 pvct Issuance Of Warrants For Services
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2321327
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2384393
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2384393
CY2014 pvct Effective Income Tax Rate Reconciliation Gain On Warrant Liability
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CY2014 pvct Adjustments To Additional Paid In Capital Employee Compensation From Stock Options Value
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115645
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StockIssuedDuringPeriodWarrantsAndStockOptionsExercisedValue
4490757
CY2014 pvct Litigation Settlement Payment Description
LitigationSettlementPaymentDescription
The cash settlement amounts will be repaid to the Company over a period of five years with the first payment due in October 2015 and the final payment is expected to be received by October 3, 2019.
CY2014 pvct Gain Loss On Revaluation Of Warrants Liability
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959320
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CY2014 pvct Income Tax Reconciliation Gain Loss On Warrant Liability
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918000
CY2014 pvct Employment Agreement Period For Executive
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P5Y
CY2014 pvct Minimum Percentage Required To Recognized Uncertain Income Tax Position
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0.50 pure
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4490757
CY2014 pvct Amount Reclassified From Warrant Liability To Equity
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10335619
CY2014 pvct Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Probability Rate
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0.05 pure
CY2014 pvct Warrant Issued During Period For Services Value
WarrantIssuedDuringPeriodForServicesValue
2321327
CY2014 pvct Issuance Of Stock For Services
IssuanceOfStockForServices
418250
CY2014 pvct Automatic Employment Renewal Period For Executive
AutomaticEmploymentRenewalPeriodForExecutive
P1Y
CY2014 pvct Number Of Long Term Incentive Compensation Plans
NumberOfLongTermIncentiveCompensationPlans
Two
CY2014 pvct Reclassification Of Adjusted Fair Value Of Warrants Into Additional Paid In Capital
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2377133
CY2014 pvct Issuance Of Common Stock And Warrants Pursuant To Regulation D Value
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11122602
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CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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0.00 pure
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-11258731
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P10Y
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.0025 pure
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112986636 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.365 pure
CY2012 us-gaap Earnings Per Share Basic And Diluted
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-0.11
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.340 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.070 pure
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-14337619
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-12751541
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-12568354
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
1347
CY2013Q1 pvct Gross Proceeds From Sales Of Common Stock And Warrants
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4045510
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
CY2012 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
456500
CY2012 us-gaap Allocated Share Based Compensation Expense
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183028
CY2012 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2012 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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54000
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5005459
CY2012 us-gaap Amortization Of Intangible Assets
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671120
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
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-6484072
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-4273000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
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55378
CY2012 us-gaap Depreciation
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6167
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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4790544
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183028
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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924000
CY2012 us-gaap Increase Decrease In Accrued Liabilities
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106367
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-566000
CY2012 us-gaap Dividends Preferred Stock
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183187
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8661040
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132000
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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4596000
CY2012 us-gaap Increase Decrease In Accounts Payable Trade
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142333
CY2012 pvct Issuance Of Warrants For Services
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1512026
CY2012 pvct Gain Loss On Fair Value Of Warrant Liability
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1767918
CY2012 pvct Gain Loss On Change In Fair Value Of Warrant Liability
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1767918
CY2012 pvct Effective Income Tax Rate Reconciliation Gain On Warrant Liability
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CY2012 pvct Adjustments To Additional Paid In Capital Employee Compensation From Stock Options Value
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183028
CY2012 pvct Gain Loss On Revaluation Of Warrants Liability
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495338
CY2012 pvct Income Tax Reconciliation Gain Loss On Warrant Liability
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681000
CY2012 pvct Net Proceeds From Sales Of Common Stock And Warrants
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4790544
CY2012 pvct Warrant Issued During Period For Services Value
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1512026
CY2012 pvct Issuance Of Stock For Services
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456500
CY2012 pvct Issuance Of Common Stock And Warrants Pursuant To Regulation D Value
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4790544
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CY2013Q1 us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
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75000 shares
CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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WarrantsExercisedOnCashlessBasis
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AggregateExercisePriceOfWarrantsExercised
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NumberOfWarrantsExercisedDuringPeriod
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ConsultingCostsRelatesToWarrantIssued
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OperatingExpenses
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ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsForfeited
315000 shares
CY2014Q2 pvct Warrants Exercised On Cashless Basis
WarrantsExercisedOnCashlessBasis
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CY2014Q2 pvct Aggregate Exercise Price Of Warrants Exercised
AggregateExercisePriceOfWarrantsExercised
372000
CY2014Q2 pvct Number Of Warrants Exercised During Period
NumberOfWarrantsExercisedDuringPeriod
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StockIssuedDuringPeriodSharesWarrantsExercisedOnCashlessBasis
915467 shares
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ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsIssued
202000 shares
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NumberOfWarrantsExercised
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ConsultingCostsRelatesToWarrantIssued
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ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
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ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsExpired
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CY2012Q3 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsIssued
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ConsultingCostsRelatesToWarrantIssued
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StockIssuedDuringPeriodSharesIssuedForCash
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NetIncomeLoss
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DividendsPreferredStock
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GrossProceedsFromSalesOfCommonStockAndWarrants
4613037
CY2013Q3 pvct Convertible Preferred Stock Shares To Be Converted To Common Stock Shares
ConvertiblePreferredStockSharesToBeConvertedToCommonStockShares
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PurchasePriceOfCommonStockWithWarrants
0.75
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ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsForfeited
136500 shares
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PeriodOfWarrantsToPurchaseCommonStock
P5Y
CY2013Q3 pvct Percentage Of Common Shares Issuable On Exercise Of Each Warrant
PercentageOfCommonSharesIssuableOnExerciseOfEachWarrant
1.50 pure
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ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsIssued
442000 shares
CY2013Q3 pvct Consulting Costs Relates To Warrant Issued
ConsultingCostsRelatesToWarrantIssued
186223
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
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StockIssuedDuringPeriodSharesIssuedForCash
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ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
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WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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OtherNonoperatingIncomeExpense
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-3749000
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NetIncomeLoss
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OperatingExpenses
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PurchasePriceOfCommonStockWithWarrants
1.00
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ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsForfeited
228500 shares
CY2014Q3 pvct Percentage Of Common Shares Issuable On Exercise Of Each Warrant
PercentageOfCommonSharesIssuableOnExerciseOfEachWarrant
0.50 pure
CY2014Q3 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsIssued
6000 shares
CY2014Q3 pvct Consulting Costs Relates To Warrant Issued
ConsultingCostsRelatesToWarrantIssued
4189
CY2014Q3 pvct Aggregate Amount Of Common Stock
AggregateAmountOfCommonStock
3586300
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StockIssuedDuringPeriodSharesIssuedForCash
3172486 shares
CY2012Q4 us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
75000 shares
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GrossProceedsFromSalesOfCommonStockAndWarrants
2379365
CY2012Q4 pvct Percentage Of Aggregate Shares Called By Warrant
PercentageOfAggregateSharesCalledByWarrant
0.10 pure
CY2012Q4 pvct Purchase Price Of Common Stock With Warrants
PurchasePriceOfCommonStockWithWarrants
0.75
CY2012Q4 pvct Period Of Warrants To Purchase Common Stock
PeriodOfWarrantsToPurchaseCommonStock
P5Y
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ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsExpired
987667 shares
CY2012Q4 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsIssued
452500 shares
CY2012Q4 pvct Consulting Costs Relates To Warrant Issued
ConsultingCostsRelatesToWarrantIssued
130697
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IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
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StockIssuedDuringPeriodSharesIssuedForCash
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CY2013Q4 us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
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275000 shares
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OperatingIncomeLoss
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OtherNonoperatingIncomeExpense
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CY2013Q4 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
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NetIncomeLoss
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GrossProceedsFromSalesOfCommonStockAndWarrants
5820588
CY2013Q4 pvct Period Of Life Of Warrants Issued
PeriodOfLifeOfWarrantsIssued
P5Y
CY2013Q4 pvct Convertible Preferred Stock Shares To Be Converted To Common Stock Shares
ConvertiblePreferredStockSharesToBeConvertedToCommonStockShares
2925000 shares
CY2013Q4 pvct Percentage Of Aggregate Shares Called By Warrant
PercentageOfAggregateSharesCalledByWarrant
0.10 pure
CY2013Q4 pvct Purchase Price Of Common Stock With Warrants
PurchasePriceOfCommonStockWithWarrants
0.75
CY2013Q4 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Forfeited
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsForfeited
247973 shares
CY2013Q4 pvct Warrants Exercised On Cashless Basis
WarrantsExercisedOnCashlessBasis
4480005 shares
CY2013Q4 pvct Aggregate Exercise Price Of Warrants Exercised
AggregateExercisePriceOfWarrantsExercised
3412392
CY2013Q4 pvct Number Of Warrants Exercised During Period
NumberOfWarrantsExercisedDuringPeriod
3899840 shares
CY2013Q4 pvct Stock Issued During Period Shares Warrants Exercised On Cashless Basis
StockIssuedDuringPeriodSharesWarrantsExercisedOnCashlessBasis
2386004 shares
CY2013Q4 pvct Percentage Of Common Shares Issuable On Exercise Of Each Warrant
PercentageOfCommonSharesIssuableOnExerciseOfEachWarrant
1.50 pure
CY2013Q4 pvct Reclassification Of Adjusted Fair Value Of Warrants Into Additional Paid In Capital
ReclassificationOfAdjustedFairValueOfWarrantsIntoAdditionalPaidInCapital
765997
CY2013Q4 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsIssued
209473 shares
CY2013Q4 pvct Number Of Warrants Exercised
NumberOfWarrantsExercised
1146662 shares
CY2013Q4 pvct Consulting Costs Relates To Warrant Issued
ConsultingCostsRelatesToWarrantIssued
259306
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.00
CY2014Q4 us-gaap Stock Issued During Period Shares Issued For Cash
StockIssuedDuringPeriodSharesIssuedForCash
4198300 shares
CY2014Q4 us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
75000 shares
CY2014Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
182057000 shares
CY2014Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1081000
CY2014Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
816000
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
816000
CY2014Q4 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
4178000
CY2014Q4 us-gaap Operating Expenses
OperatingExpenses
4443000
CY2014Q4 pvct Gross Proceeds From Sales Of Common Stock And Warrants
GrossProceedsFromSalesOfCommonStockAndWarrants
4198300
CY2014Q4 pvct Purchase Price Of Common Stock With Warrants
PurchasePriceOfCommonStockWithWarrants
1.00
CY2014Q4 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Forfeited
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsForfeited
1027635 shares
CY2014Q4 pvct Percentage Of Common Shares Issuable On Exercise Of Each Warrant
PercentageOfCommonSharesIssuableOnExerciseOfEachWarrant
0.50 pure
CY2014Q4 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsIssued
1503913 shares
CY2014Q4 pvct Consulting Costs Relates To Warrant Issued
ConsultingCostsRelatesToWarrantIssued
966819

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