2021 Form 10-K Financial Statement
#000149315222008016 Filed on March 29, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $1.464M | $1.659M |
| YoY Change | -11.75% | -6.93% |
| % of Gross Profit | ||
| Research & Development | $2.600M | $2.576M |
| YoY Change | 0.92% | -22.46% |
| % of Gross Profit | ||
| Depreciation & Amortization | $12.87K | $241.8K |
| YoY Change | -94.68% | -64.71% |
| % of Gross Profit | ||
| Operating Expenses | $4.077M | $4.477M |
| YoY Change | -8.94% | -22.68% |
| Operating Profit | -$4.672M | |
| YoY Change | ||
| Interest Expense | -$966.6K | -$1.746M |
| YoY Change | -44.64% | 21.93% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $31.32K | $30.69K |
| YoY Change | 2.05% | -77.11% |
| Pretax Income | -$5.540M | -$6.678M |
| YoY Change | -17.04% | -3.54% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$5.540M | -$6.678M |
| YoY Change | -17.04% | -3.54% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.01 | |
| Diluted Earnings Per Share | -$13.57K | -$16.98K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 408.2M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $683.0K | $97.23K |
| YoY Change | 602.44% | -83.54% |
| Cash & Equivalents | $683.0K | $97.23K |
| Short-Term Investments | ||
| Other Short-Term Assets | $2.754M | $322.5K |
| YoY Change | 753.86% | -7.92% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $3.930K | |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $3.442M | $423.7K |
| YoY Change | 712.4% | -57.46% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $71.40K | $165.5K |
| YoY Change | -56.86% | -34.52% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $71.40K | $165.5K |
| YoY Change | -56.86% | -65.58% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.442M | $423.7K |
| Total Long-Term Assets | $71.40K | $165.5K |
| Total Assets | $3.513M | $589.2K |
| YoY Change | 496.29% | -60.11% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.287M | $956.9K |
| YoY Change | 34.55% | -15.01% |
| Accrued Expenses | $2.065M | $6.127M |
| YoY Change | -66.3% | 338.55% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $200.0K | $6.770M |
| YoY Change | -97.05% | |
| Long-Term Debt Due | $1.498M | $16.86M |
| YoY Change | -91.11% | 3271.65% |
| Total Short-Term Liabilities | $7.701M | $30.71M |
| YoY Change | -74.93% | 915.97% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $39.06K |
| YoY Change | -100.0% | -99.8% |
| Other Long-Term Liabilities | $0.00 | $44.78K |
| YoY Change | -100.0% | -98.43% |
| Total Long-Term Liabilities | $0.00 | $83.84K |
| YoY Change | -100.0% | -99.63% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $7.701M | $30.71M |
| Total Long-Term Liabilities | $0.00 | $83.84K |
| Total Liabilities | $7.701M | $30.80M |
| YoY Change | -74.99% | 20.54% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$4.187M | -$30.21M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.513M | $589.2K |
| YoY Change | 496.29% | -60.11% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$5.540M | -$6.678M |
| YoY Change | -17.04% | -3.54% |
| Depreciation, Depletion And Amortization | $12.87K | $241.8K |
| YoY Change | -94.68% | -64.71% |
| Cash From Operating Activities | -$1.013M | -$4.086M |
| YoY Change | -75.2% | -34.0% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | ||
| 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 | 4.024M | 3.600M |
| YoY Change | 11.77% | -46.69% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.013M | -4.086M |
| Cash From Investing Activities | ||
| Cash From Financing Activities | 4.024M | 3.600M |
| Net Change In Cash | 3.011M | -485.6K |
| YoY Change | -719.99% | -186.14% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.013M | -$4.086M |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
USD | |
| CY2020Q4 | PVCT |
Deposit For Purchase Of Preferred Stock
DepositForPurchaseOfPreferredStock
|
USD | |
| CY2020 | PVCT |
Conversion Of Amended Notes And Notes To Preferred Stock One
ConversionOfAmendedNotesAndNotesToPreferredStockOne
|
USD | |
| CY2020 | PVCT |
Conversion Of Series D1 Preferred Stock To Common Stock
ConversionOfSeriesD1PreferredStockToCommonStock
|
USD | |
| CY2021Q4 | PVCT |
Accrued Ppp Interest
AccruedPppInterest
|
USD | |
| CY2021 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020Q4 | PVCT |
Unearned Grant Revenue
UnearnedGrantRevenue
|
USD | |
| CY2021Q4 | PVCT |
Long Term Notes Payable Excluding Convertible Long Term Notes Payable
LongTermNotesPayableExcludingConvertibleLongTermNotesPayable
|
USD | |
| CY2021 | PVCT |
Eidl Grant
EidlGrant
|
USD | |
| CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
USD | |
| CY2021 | PVCT |
Stock Issued During Period Value Conversion Of Convertible Securities One
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesOne
|
USD | |
| CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
USD | |
| CY2020 | PVCT |
Gain On Forgiveness Of Ppp Loan And Interest
GainOnForgivenessOfPPPLoanAndInterest
|
USD | |
| CY2020 | PVCT |
Increase Decrease Unearned Grant Revenue
IncreaseDecreaseUnearnedGrantRevenue
|
USD | |
| CY2021 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | |
| CY2020 | PVCT |
Deposit For Purchase Of Series D1 Preferred Stock
DepositForPurchaseOfSeriesD1PreferredStock
|
USD | |
| CY2020Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
USD | |
| CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2020 | PVCT |
Conversion Of Nonamended Notes To Preferred Stock
ConversionOfNonamendedNotesToPreferredStock
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
USD | |
| CY2020 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
USD |
