2023 Q3 Form 10-Q Financial Statement

#000149315223028230 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $69.73K $161.8K $321.7K
YoY Change -77.85% -49.69%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $360.0K $380.1K $455.9K
YoY Change 7.77% -16.63% 14.67%
% of Gross Profit
Research & Development $350.8K $434.2K $816.6K
YoY Change -39.56% -46.83% 35.44%
% of Gross Profit
Depreciation & Amortization $10.00K $2.230K $2.820K
YoY Change 254.61% -20.92% -12.15%
% of Gross Profit
Operating Expenses $783.9K $962.0K $1.400M
YoY Change -20.1% -31.27% 14.54%
Operating Profit -$714.1K -$800.2K -$1.078M
YoY Change 7.2% -25.77% -11.79%
Interest Expense -$60.00K -$50.82K -$38.10K
YoY Change 29.2% 33.39% -91.65%
% of Operating Profit
Other Income/Expense, Net -$61.69K -$34.86K $139.00
YoY Change 31.04% -25178.42% -100.04%
Pretax Income -$780.0K -$835.1K -$1.078M
YoY Change 9.36% -22.52% -31.76%
Income Tax
% Of Pretax Income
Net Earnings -$775.8K -$835.1K -$1.078M
YoY Change 8.77% -22.52% -31.76%
Net Earnings / Revenue -1112.59% -515.97% -335.03%
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 -$2.570K
COMMON SHARES
Basic Shares Outstanding 419.5M shares 419.5M shares 419.4M shares
Diluted Shares Outstanding 419.5M shares 419.5M shares 419.4M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $370.0K $176.0K $84.27K
YoY Change 451.99% 108.86% 77.75%
Cash & Equivalents $367.3K $1.359M $84.27K
Short-Term Investments
Other Short-Term Assets $1.220M $1.398M $2.192M
YoY Change -33.4% -36.22% 644.45%
Inventory
Prepaid Expenses $243.4K
Receivables
Other Receivables
Total Short-Term Assets $1.592M $1.575M $2.279M
YoY Change -16.17% -30.87% 556.28%
LONG-TERM ASSETS
Property, Plant & Equipment $14.25K $16.48K $25.80K
YoY Change -37.99% -36.12% -78.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $97.76K $111.3K $164.7K
YoY Change -35.28% -32.39% 38.28%
TOTAL ASSETS
Total Short-Term Assets $1.592M $1.575M $2.279M
Total Long-Term Assets $97.76K $111.3K $164.7K
Total Assets $1.690M $1.687M $2.443M
YoY Change -17.57% -30.97% 424.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.785M $1.989M $1.894M
YoY Change -8.04% 5.02% 56.66%
Accrued Expenses $3.240M $3.049M $2.457M
YoY Change 23.91% 24.12% 41.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $200.0K
YoY Change -100.0% -100.0%
Long-Term Debt Due $3.070M $2.751M $1.953M
YoY Change 63.11% 40.87% 1432.84%
Total Short-Term Liabilities $9.172M $8.934M $8.494M
YoY Change 3.94% 5.17% 176.06%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $40.00K $49.98K $96.20K
YoY Change -52.95% -48.05%
Total Long-Term Liabilities $40.00K $49.98K $96.20K
YoY Change -52.95% -48.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.172M $8.934M $8.494M
Total Long-Term Liabilities $40.00K $49.98K $96.20K
Total Liabilities $9.209M $8.983M $8.590M
YoY Change 3.37% 4.57% 179.19%
SHAREHOLDERS EQUITY
Retained Earnings -$252.0M -$251.3M -$248.1M
YoY Change 1.27% 1.25%
Common Stock $419.5K $419.5K $419.4K
YoY Change 0.01% 0.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$7.519M -$7.297M -$6.147M
YoY Change
Total Liabilities & Shareholders Equity $1.690M $1.687M $2.443M
YoY Change -17.57% -30.97% 424.0%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$775.8K -$835.1K -$1.078M
YoY Change 8.77% -22.52% -31.76%
Depreciation, Depletion And Amortization $10.00K $2.230K $2.820K
YoY Change 254.61% -20.92% -12.15%
Cash From Operating Activities -$770.0K -$617.8K -$877.9K
YoY Change -5.7% -29.63% 10.91%
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 820.0K 656.4K 430.4K
YoY Change 65.04% 52.54% -12.12%
NET CHANGE
Cash From Operating Activities -770.0K -617.8K -877.9K
Cash From Investing Activities
Cash From Financing Activities 820.0K 656.4K 430.4K
Net Change In Cash 50.00K 38.66K -447.5K
YoY Change -115.64% -108.64% 48.26%
FREE CASH FLOW
Cash From Operating Activities -$770.0K -$617.8K -$877.9K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity File Number
EntityFileNumber
001-36457
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Central Index Key
EntityCentralIndexKey
0000315545
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Stock Issued1
StockIssued1
usd
PVCT Rightofuse Asset For Lease Liability
RightofuseAssetForLeaseLiability
usd
PVCT Conversion Of Notes And Related Accrued Interest
ConversionOfNotesAndRelatedAccruedInterest
usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-06-30
dei Entity Registrant Name
EntityRegistrantName
PROVECTUS BIOPHARMACEUTICALS, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
90-0031917
dei Entity Address Address Line1
EntityAddressAddressLine1
800 S. Gay Street
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 1610
dei Entity Address City Or Town
EntityAddressCityOrTown
Knoxville
dei Entity Address State Or Province
EntityAddressStateOrProvince
TN
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
37929
dei City Area Code
CityAreaCode
866
dei Local Phone Number
LocalPhoneNumber
594-5999
dei Entity Information Former Legal Or Registered Name
EntityInformationFormerLegalOrRegisteredName
Not Applicable
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
419522119 shares
CY2023Q2 us-gaap Cash
Cash
176010 usd
CY2022Q4 us-gaap Cash
Cash
21605 usd
CY2023Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
1183149 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1410102 usd
CY2023Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
1461 usd
CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
394 usd
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
214652 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
467081 usd
CY2023Q2 us-gaap Assets Current
AssetsCurrent
1575272 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
1899182 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
106534 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
102073 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16480 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20941 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
94851 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
117123 usd
CY2023Q2 us-gaap Assets
Assets
1686603 usd
CY2022Q4 us-gaap Assets
Assets
2037246 usd
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1989372 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2094258 usd
CY2023Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1144091 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1510958 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2884204 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2404012 usd
CY2023Q2 us-gaap Interest Payable Current
InterestPayableCurrent
4433 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
30844 usd
CY2023Q2 PVCT Interest Payable To Related Parties Current
InterestPayableToRelatedPartiesCurrent
114409 usd
CY2022Q4 PVCT Interest Payable To Related Parties Current
InterestPayableToRelatedPartiesCurrent
40992 usd
CY2023Q2 us-gaap Notes Payable To Bank Current
NotesPayableToBankCurrent
148273 usd
CY2022Q4 us-gaap Notes Payable To Bank Current
NotesPayableToBankCurrent
239394 usd
CY2023Q2 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
75000 usd
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
625000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
46227 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
44422 usd
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
8933509 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
8192380 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
49975 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
73376 usd
CY2023Q2 us-gaap Liabilities
Liabilities
8983484 usd
CY2022Q4 us-gaap Liabilities
Liabilities
8265756 usd
CY2023Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
419497119 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
419497119 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
419497119 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
419497119 shares
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
419497 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
419497 usd
CY2023Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
243548218 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
242954193 usd
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-35766 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-35679 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-251251157 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-249588641 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-7296881 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-6228510 usd
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1686603 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2037246 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
161842 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
321710 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
366867 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
509315 usd
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
434214 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
816648 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
982607 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1487764 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
527831 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
583042 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
966676 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1099589 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
962045 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
1399690 usd
us-gaap Operating Expenses
OperatingExpenses
1949283 usd
us-gaap Operating Expenses
OperatingExpenses
2587353 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-800203 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1077980 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1582416 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2078038 usd
CY2023Q2 PVCT Research And Development Tax Credit
ResearchAndDevelopmentTaxCredit
15965 usd
CY2022Q2 PVCT Research And Development Tax Credit
ResearchAndDevelopmentTaxCredit
38259 usd
PVCT Research And Development Tax Credit
ResearchAndDevelopmentTaxCredit
15965 usd
PVCT Research And Development Tax Credit
ResearchAndDevelopmentTaxCredit
38259 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-50824 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-38120 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-96065 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-68984 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-34859 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
139 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-80100 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-30725 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-835062 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1077841 usd
us-gaap Net Income Loss
NetIncomeLoss
-1662516 usd
us-gaap Net Income Loss
NetIncomeLoss
-2108763 usd
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
419497119 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
419497119 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
419447119 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
419447119 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
419497119 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
419497119 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
419447119 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
419447119 shares
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-835062 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1077841 usd
us-gaap Net Income Loss
NetIncomeLoss
-1662516 usd
us-gaap Net Income Loss
NetIncomeLoss
-2108763 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-298 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-328 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-2799 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-1044 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-835360 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1078169 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1665315 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2109807 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-6228510 usd
CY2023Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
54010 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-827454 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
191 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-7001763 usd
CY2023Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
540222 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-835062 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-278 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-7296881 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-4187280 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
150000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-1030922 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-716 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-5068918 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-5068918 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1077841 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-328 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-328 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-6147087 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-6147087 usd
us-gaap Net Income Loss
NetIncomeLoss
-1662516 usd
us-gaap Net Income Loss
NetIncomeLoss
-2108763 usd
PVCT Noncash Lease Expense
NoncashLeaseExpense
22272 usd
PVCT Noncash Lease Expense
NoncashLeaseExpense
31142 usd
us-gaap Depreciation
Depreciation
4461 usd
us-gaap Depreciation
Depreciation
6037 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1366 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-2363 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-314165 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-143940 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-104704 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
606742 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-366866 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-509315 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
483019 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
329135 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-21597 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-37196 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
91239 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
65811 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1241893 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1470104 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
550000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1325000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
152856 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
153185 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1172144 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
396815 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-2799 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1044 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-72548 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1074333 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1431707 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3106942 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1359159 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2032609 usd
CY2023Q2 us-gaap Cash
Cash
176010 usd
CY2022Q2 us-gaap Cash
Cash
84274 usd
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
1183149 usd
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
1948335 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1359159 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2032609 usd
us-gaap Stock Issued1
StockIssued1
150000 usd
PVCT Rightofuse Asset For Lease Liability
RightofuseAssetForLeaseLiability
130422 usd
PVCT Conversion Of Notes And Related Accrued Interest
ConversionOfNotesAndRelatedAccruedInterest
594232 usd
PVCT Purchase Of Insurance Policies Financed By Shortterm Note Payable
PurchaseOfInsurancePoliciesFinancedByShorttermNotePayable
-61735 usd
PVCT Purchase Of Insurance Policies Financed By Shortterm Note Payable
PurchaseOfInsurancePoliciesFinancedByShorttermNotePayable
-57426 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_806_eus-gaap--NatureOfOperations_zBjSz3w7Uvg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_82F_za24LPXmMdf4">Business Organization, Nature of Operations and Basis of Presentation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Provectus Biopharmaceuticals, Inc., a Delaware corporation (together with its subsidiaries, “Provectus” or “the Company”), is a clinical-stage biotechnology company developing immunotherapy medicines for different diseases that are based on a class of synthetic small molecule immuno-catalysts called halogenated xanthenes (“HXs”). Our lead HX molecule is named rose bengal sodium (“RBS”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s proprietary, patented, pharmaceutical-grade RBS is the active pharmaceutical ingredient in the drug product candidates of our current clinical development programs and the preclinical formulations of our current drug discovery programs. Importantly, our pharmaceutical-grade RBS displays different therapeutic effects at different concentrations and can be formulated for delivery by different routes of administration.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company believes that RBS targets disease in a bifunctional manner. First, direct contact may lead to cell death or repair, depending on the disease being treated and the concentration of the RBS utilized in the treatment. Secondly, multivariate immune signaling, activation, and response may follow that may manifest as stimulatory, inhibitory, or both.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company believes that it is the first entity to advance an RBS formulation into clinical trials for the treatment of a disease, such as those trials reported on the clinical trials registry at ClinicalTrials.gov.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company believes that it is the first and only entity to date to successfully, reproducibly, and consistently make pharmaceutical-grade RBS at a purity of nearly 100%.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s small molecule HX medical science platform comprises a number of different drug product candidates and preclinical pharmaceutical-grade RBS formulations using different concentrations and delivered by different routes of administration specific to each disease area and/or indication. The Company’s HX medical science platform includes clinical development programs in oncology, dermatology, and ophthalmology; <i>in vivo</i> proof-of-concept programs in oncology, hematology, wound healing, and animal health; and <i>in vitro</i> drug discovery programs in infectious diseases and tissue regeneration and repair.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Risks and Uncertainties</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Basis of Presentation</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information pursuant to Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be reviewed in conjunction with the Company’s audited consolidated financial statements included in the Company’s Form 10-K for the year ended December 31, 2022 filed with the SEC on March 30, 2023. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1359159 usd
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
1183149 usd
CY2023Q2 PVCT Working Capital Deficit
WorkingCapitalDeficit
7358237 usd
CY2022Q4 PVCT Working Capital Deficit
WorkingCapitalDeficit
6293198 usd
us-gaap Net Income Loss
NetIncomeLoss
-1662516 usd
us-gaap Net Income Loss
NetIncomeLoss
-2108763 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1241893 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1470104 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
161842 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
366867 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
321710 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
509315 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84D_eus-gaap--UseOfEstimates_zXD4WvbggGL9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86D_zaLn50bcVFKf">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates, judgments 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. The Company’s significant estimates and assumptions include the recoverability and useful lives of long-lived assets, stock-based compensation, accrued liabilities and the valuation allowance related to the Company’s deferred tax assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
1183149 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_845_eus-gaap--ConcentrationRiskCreditRisk_zA0xsuAbybik" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_861_z5aCK6USx2C7">Cash Concentrations</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash and restricted cash are maintained at financial institutions and, at times, balances may exceed federally insured limits of $<span id="xdx_90E_eus-gaap--CashFDICInsuredAmount_iI_c20230630_zVByn5M22dT5" title="Insured limits">250,000</span>, although the Company seeks to minimize this through treasury management. The Company has never experienced any losses related to these balances although no assurance can be provided that it will not experience any losses in the future. As of June 30, 2023 and December 31, 2022, the Company had cash and restricted cash balances in excess of FDIC insurance limits of $<span id="xdx_90C_eus-gaap--FDICIndemnificationAsset_iI_c20230630_zyUWl9q5Ps5b" title="Cash in excess FDIC insured amount">1,109,159</span> and $<span id="xdx_904_eus-gaap--FDICIndemnificationAsset_iI_c20221231_zoqpucJuFBy1" title="Cash in excess FDIC insured amount">1,181,707</span>, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q2 us-gaap Fdic Indemnification Asset
FDICIndemnificationAsset
1109159 usd
CY2022Q4 us-gaap Fdic Indemnification Asset
FDICIndemnificationAsset
1181707 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
125324330 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
116330435 shares
CY2023Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
523600 usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
314160 usd
CY2023Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
84131 usd
CY2022Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
69077 usd
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2138089 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1945589 usd
CY2023Q2 PVCT Accrued Other Expenses
AccruedOtherExpenses
138384 usd
CY2022Q4 PVCT Accrued Other Expenses
AccruedOtherExpenses
75186 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2884204 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2404012 usd
CY2023Q2 us-gaap Notes Payable
NotesPayable
148273 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
239394 usd
CY2023Q2 us-gaap Officers Compensation
OfficersCompensation
96250 usd
us-gaap Officers Compensation
OfficersCompensation
96250 usd
CY2022Q2 us-gaap Officers Compensation
OfficersCompensation
192500 usd
us-gaap Officers Compensation
OfficersCompensation
192500 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2138089 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1945589 usd
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
to effect a reverse stock split of the Company’s common stock, Series D Convertible Preferred Stock, and Series D-1 Convertible Preferred Stock at a ratio of between 1-for-10 and 1-for-50
us-gaap Operating Lease Payments
OperatingLeasePayments
21597 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
38625 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
151693 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050 pure
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
24994 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
50663 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
25669 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
101326 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5124 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
96202 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
46227 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
49975 usd
CY2021Q4 PVCT Proceeds From Grant Award For Study Of Animal Cancer And Dermatological
ProceedsFromGrantAwardForStudyOfAnimalCancerAndDermatological
2500000 usd
CY2023Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1144091 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1510958 usd
PVCT License Transaction Description
LicenseTransactionDescription
The Company completed the arrangements of this collaboration during the third quarter of 2022, whereby the Company (i) paid $5,000 for the option to obtain an exclusive worldwide, royalty-bearing license that expires on May 31, 2023, (ii) agreed to pay up to $10,000 of new UM patent expenses for this IP during the period of the option, (iii) agreed to pay up to $25,000 of past UM patent expenses for this IP, and (iv) entered into a sponsored research agreement with UM on September 16, 2022 to study the combination of OBC’s PDAT and TOP PV-305, a formulation of the Company’s pharmaceutical-grade RBS, for the treatment of infectious keratitis

Files In Submission

Name View Source Status
0001493152-23-028230-index-headers.html Edgar Link pending
0001493152-23-028230-index.html Edgar Link pending
0001493152-23-028230.txt Edgar Link pending
0001493152-23-028230-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
pvct-20230630.xsd Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
pvct-20230630_cal.xml Edgar Link unprocessable
pvct-20230630_lab.xml Edgar Link unprocessable
pvct-20230630_def.xml Edgar Link unprocessable
pvct-20230630_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending