2015 Q1 Form 10-Q Financial Statement
#000119312515175515 Filed on May 07, 2015
Income Statement
Concept | 2015 Q1 | 2014 Q1 |
---|---|---|
Revenue | $0.00 | $0.00 |
YoY Change | ||
Cost Of Revenue | $0.00 | |
YoY Change | ||
Gross Profit | $0.00 | |
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $2.170M | $3.060M |
YoY Change | -29.08% | 29.66% |
% of Gross Profit | ||
Research & Development | $2.448M | $1.158M |
YoY Change | 111.46% | 56.36% |
% of Gross Profit | ||
Depreciation & Amortization | $3.189K | $1.716K |
YoY Change | 85.84% | 10.71% |
% of Gross Profit | ||
Operating Expenses | $4.620M | $4.382M |
YoY Change | 5.43% | 491.75% |
Operating Profit | -$4.620M | -$4.382M |
YoY Change | 5.45% | 34.94% |
Interest Expense | $100.0K | -$2.290M |
YoY Change | -104.37% | 148.91% |
% of Operating Profit | ||
Other Income/Expense, Net | $95.00K | -$2.285M |
YoY Change | -104.16% | 147.56% |
Pretax Income | -$4.530M | -$6.670M |
YoY Change | -32.08% | 59.95% |
Income Tax | $0.00 | |
% Of Pretax Income | ||
Net Earnings | -$4.525M | -$6.667M |
YoY Change | -32.13% | 59.88% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$24.46K | -$39.50K |
COMMON SHARES | ||
Basic Shares Outstanding | 186.0M shares | 173.1M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q1 | 2014 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $14.17M | $16.65M |
YoY Change | -14.89% | 285.42% |
Cash & Equivalents | $14.17M | $16.65M |
Short-Term Investments | ||
Other Short-Term Assets | $1.224M | |
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $15.86M | $16.65M |
YoY Change | -4.73% | 273.29% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $88.98K | $28.40K |
YoY Change | 213.35% | -5.34% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $27.00K | $27.00K |
YoY Change | 0.0% | -10.0% |
Total Long-Term Assets | $6.910M | $4.142M |
YoY Change | 66.82% | -13.88% |
TOTAL ASSETS | ||
Total Short-Term Assets | $15.86M | $16.65M |
Total Long-Term Assets | $6.910M | $4.142M |
Total Assets | $22.77M | $20.79M |
YoY Change | 9.52% | 124.29% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $650.0K | $730.0K |
YoY Change | -10.96% | 1360.0% |
Accrued Expenses | $370.0K | $110.0K |
YoY Change | 236.36% | -54.17% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $1.022M | $835.2K |
YoY Change | 22.43% | 187.98% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $50.00K | $5.440M |
YoY Change | -99.08% | 54.55% |
Total Long-Term Liabilities | $50.00K | $5.440M |
YoY Change | -99.08% | 54.55% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.022M | $835.2K |
Total Long-Term Liabilities | $50.00K | $5.440M |
Total Liabilities | $1.075M | $6.271M |
YoY Change | -82.86% | 64.17% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$160.8M | -$152.7M |
YoY Change | 5.3% | |
Common Stock | $186.0K | $173.1K |
YoY Change | 7.42% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $21.70M | $14.52M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $22.77M | $20.79M |
YoY Change | 9.52% | 124.29% |
Cashflow Statement
Concept | 2015 Q1 | 2014 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$4.525M | -$6.667M |
YoY Change | -32.13% | 59.88% |
Depreciation, Depletion And Amortization | $3.189K | $1.716K |
YoY Change | 85.84% | 10.71% |
Cash From Operating Activities | -$4.190M | -$2.851M |
YoY Change | 46.98% | -4.22% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $0.00 | |
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | $0.00 |
YoY Change | ||
Cash From Investing Activities | $0.00 | $0.00 |
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 970.0K | 3.803M |
YoY Change | -74.5% | -37.37% |
NET CHANGE | ||
Cash From Operating Activities | -4.190M | -2.851M |
Cash From Investing Activities | 0.000 | 0.000 |
Cash From Financing Activities | 970.0K | 3.803M |
Net Change In Cash | -3.220M | 952.7K |
YoY Change | -438.0% | -69.23% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$4.190M | -$2.851M |
Capital Expenditures | $0.00 | |
Free Cash Flow | -$2.851M | |
YoY Change | -4.22% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2014Q1 | us-gaap |
Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
|
33334 | shares |
CY2013Q2 | us-gaap |
Litigation Reserve
LitigationReserve
|
100000 | |
CY2014Q2 | us-gaap |
Loss Contingency Receivable
LossContingencyReceivable
|
2240000 | |
CY2014Q2 | pvct |
Reimbursement Receivable Percentage
ReimbursementReceivablePercentage
|
0.25 | pure |
CY2014Q1 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
3036218 | shares |
CY2014Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
16648916 | |
CY2015Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
185972159 | shares |
CY2015Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
185972159 | shares |
CY2015Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | shares |
CY2015Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1.25 | |
CY2015Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
185972159 | shares |
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
25000000 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
441052 | |
CY2015Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
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Liabilities Current
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|
1022439 | |
CY2015Q1 | us-gaap |
Common Stock Value
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|
185972 | |
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Retained Earnings Accumulated Deficit
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|
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Stockholders Equity
StockholdersEquity
|
21696349 | |
CY2015Q1 | us-gaap |
Other Accrued Liabilities Current
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|
278656 | |
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Liabilities And Stockholders Equity
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|
22771322 | |
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Finite Lived Intangible Assets Accumulated Amortization
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|
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Additional Paid In Capital
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|
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Accrued Professional Fees Current
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|
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Liabilities
Liabilities
|
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Accounts Payable Trade Current
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|
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Cash And Cash Equivalents At Carrying Value
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|
14170733 | |
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Property Plant And Equipment Net
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|
88982 | |
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Finite Lived Intangible Assets Net
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|
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Assets
Assets
|
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Loss Contingency Receivable Noncurrent
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|
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Other Assets Current
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|
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Other Assets Noncurrent
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|
27000 | |
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|
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Loss Contingency Receivable Current
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|
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Warrant Liability
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|
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Cash And Cash Equivalents At Carrying Value
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|
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Common Stock Shares Issued
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|
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Common Stock Shares Outstanding
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Common Stock Shares Authorized
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|
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Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
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Common Stock Par Or Stated Value Per Share
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|
0.001 | |
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Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
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Preferred Stock Par Or Stated Value Per Share
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|
0.001 | |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
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Preferred Stock Value
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|
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Liabilities Current
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|
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Common Stock Value
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|
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Retained Earnings Accumulated Deficit
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|
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Stockholders Equity
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|
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|
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Liabilities And Stockholders Equity
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|
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Finite Lived Intangible Assets Accumulated Amortization
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|
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|
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|
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Liabilities
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|
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Accounts Payable Trade Current
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|
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Cash And Cash Equivalents At Carrying Value
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|
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Property Plant And Equipment Net
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|
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Finite Lived Intangible Assets Net
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|
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Assets
Assets
|
26184158 | |
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Loss Contingency Receivable Noncurrent
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|
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Other Assets Current
OtherAssetsCurrent
|
978000 | |
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|
27000 | |
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|
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|
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Warrant Liability
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|
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Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
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Share Based Compensation Arrangement By Share Based Payment Award Options Settlements In Period
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|
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Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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|
300000 | shares |
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Loss Contingency Damages Paid Value
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|
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Future Payments Ratio Of Contingent Consideration
FuturePaymentsRatioOfContingentConsideration
|
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CY2014Q2 | pvct |
Annual Cash Bonus Percentage
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|
0.70 | pure |
CY2014Q3 | pvct |
Attorneys Fees Awarded By Court In Legal Settlement
AttorneysFeesAwardedByCourtInLegalSettlement
|
911000 | |
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Convertible Preferred Stock Shares To Be Converted To Common Stock Shares
ConvertiblePreferredStockSharesToBeConvertedToCommonStockShares
|
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CY2014 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
0 | |
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Net Cash Provided By Used In Operating Activities Continuing Operations
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|
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Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
|
75000 | shares |
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Weighted Average Number Of Share Outstanding Basic And Diluted
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|
168859658 | shares |
CY2014Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.04 | |
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Operating Income Loss
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|
-4381607 | |
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Net Income Loss
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|
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Investment Income Interest
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|
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Research And Development Expense
ResearchAndDevelopmentExpense
|
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Amortization Of Intangible Assets
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|
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Cash And Cash Equivalents Period Increase Decrease
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|
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CY2014Q1 | us-gaap |
Depreciation
Depreciation
|
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CY2014Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
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|
3803386 | |
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Increase Decrease In Accrued Liabilities
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|
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CY2014Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
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|
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CY2014Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
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|
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General And Administrative Expense
GeneralAndAdministrativeExpense
|
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|
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Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Forfeited
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|
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Gain Loss On Fair Value Of Warrant Liability
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|
-2287033 | |
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Gain Loss On Change In Fair Value Of Warrant Liability
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|
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CY2014Q1 | pvct |
Gain Loss On Revaluation Of Warrants Liability
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|
-1153835 | |
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Warrants Exercised On Cashless Basis
WarrantsExercisedOnCashlessBasis
|
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Aggregate Exercise Price Of Warrants Exercised
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|
2672364 | |
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Proceeds From Exercises Of Warrants And Stock Options
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|
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Amount Reclassified From Warrant Liability To Equity
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|
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CY2014Q1 | pvct |
Number Of Warrants Exercised During Period
NumberOfWarrantsExercisedDuringPeriod
|
3036218 | shares |
CY2014Q1 | pvct |
Issuance Of Stock For Services
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|
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Stock Issued During Period Shares Warrants Exercised On Cashless Basis
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|
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Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsIssued
|
733000 | shares |
CY2015Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2015Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
PROVECTUS BIOPHARMACEUTICALS, INC. | |
CY2015Q1 | dei |
Trading Symbol
TradingSymbol
|
PVCT | |
CY2015Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
CY2015Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> 2. <b>Nature of Operations</b></p> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Provectus Biopharmaceuticals, Inc., a Delaware corporation, is a biopharmaceutical company whose planned principal operations is focusing on developing minimally invasive products for the treatment of psoriasis and other topical diseases, and certain forms of cancer including melanoma, breast cancer, and cancers of the liver. To date, the Company has no revenues from planned principal operations. The Company’s activities are subject to significant risks and uncertainties, including failing to successfully develop and license or commercialize the Company’s prescription drug candidates, or sell or license the Company’s OTC products or non-core technologies.</p> </div> | |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
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|
-4186816 | |
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Stock Issued During Period Shares Issued For Cash
StockIssuedDuringPeriodSharesIssuedForCash
|
776000 | shares |
CY2015Q1 | us-gaap |
Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
|
75000 | shares |
CY2015Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
185196323 | shares |
CY2015Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2015-03-31 | |
CY2015Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2015Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2015Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | |
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Entity Central Index Key
EntityCentralIndexKey
|
0000315545 | |
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Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.02 | |
CY2015Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
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Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-266667 | |
CY2015Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4620471 | |
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Revenues
Revenues
|
0 | |
CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4525107 | |
CY2015Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1338 | |
CY2015Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
64000 | |
CY2015Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
245668 | |
CY2015Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2280706 | |
CY2015Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
167780 | |
CY2015Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
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|
-3220868 | |
CY2015Q1 | us-gaap |
Depreciation
Depreciation
|
3189 | |
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Net Cash Provided By Used In Financing Activities Continuing Operations
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|
965948 | |
CY2015Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-37082 | |
CY2015Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
1632 | |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
0 | |
CY2015Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2171985 | |
CY2015Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
211799 | |
CY2015Q1 | pvct |
Gross Proceeds From Sales Of Common Stock And Warrants
GrossProceedsFromSalesOfCommonStockAndWarrants
|
776000 | |
CY2015Q1 | pvct |
Purchase Price Of Common Stock With Warrants
PurchasePriceOfCommonStockWithWarrants
|
1.00 | |
CY2015Q1 | pvct |
Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Forfeited
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsForfeited
|
3693898 | shares |
CY2015Q1 | pvct |
Gain Loss On Fair Value Of Warrant Liability
GainLossOnFairValueOfWarrantLiability
|
94026 | |
CY2015Q1 | pvct |
Gain Loss On Change In Fair Value Of Warrant Liability
GainLossOnChangeInFairValueOfWarrantLiability
|
94026 | |
CY2015Q1 | pvct |
Stock Issued During Period Warrants And Stock Options Exercised Value
StockIssuedDuringPeriodWarrantsAndStockOptionsExercisedValue
|
290828 | |
CY2015Q1 | 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. | |
CY2015Q1 | pvct |
Gain Loss On Revaluation Of Warrants Liability
GainLossOnRevaluationOfWarrantsLiability
|
14275 | |
CY2015Q1 | pvct |
Net Proceeds From Sales Of Common Stock And Warrants
NetProceedsFromSalesOfCommonStockAndWarrants
|
675120 | |
CY2015Q1 | pvct |
Proceeds From Exercises Of Warrants And Stock Options
ProceedsFromExercisesOfWarrantsAndStockOptions
|
290828 | |
CY2015Q1 | pvct |
Warrant Issued During Period For Services Value
WarrantIssuedDuringPeriodForServicesValue
|
1632 | |
CY2015Q1 | pvct |
Issuance Of Stock For Services
IssuanceOfStockForServices
|
64000 | |
CY2015Q1 | pvct |
Percentage Of Common Shares Issuable On Exercise Of Each Warrant
PercentageOfCommonSharesIssuableOnExerciseOfEachWarrant
|
0.50 | pure |
CY2015Q1 | pvct |
Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsIssued
|
3000 | shares |
CY2015Q1 | pvct |
Issuance Of Common Stock And Warrants Pursuant To Regulation D Value
IssuanceOfCommonStockAndWarrantsPursuantToRegulationDValue
|
675120 |