2024 Q1 Form 10-K Financial Statement

#000149315224011699 Filed on March 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $238.1K $121.1K $557.7K
YoY Change 16.12% -26.53% -43.61%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin -$47.63K $225.4K $1.345M
YoY Change -112.6% -27.18% -10.52%
% of Gross Profit
Research & Development $555.5K $414.1K $1.749M
YoY Change 1.3% 29.63% -26.79%
% of Gross Profit
Depreciation & Amortization $2.231K -$1.080K $8.921K
YoY Change 0.04% -152.94% -18.12%
% of Gross Profit
Operating Expenses $685.3K $641.7K $3.459M
YoY Change -30.58% 1.7% -21.69%
Operating Profit -$447.3K -$2.901M
YoY Change -42.82% -15.36%
Interest Expense -$56.93K -$34.40K $5.650K
YoY Change 25.84% -29.04% -103.46%
% of Operating Profit
Other Income/Expense, Net -$56.78K -$100.00 -$200.5K
YoY Change 25.5% -85.07% 58.22%
Pretax Income -$504.0K -$663.4K -$3.126M
YoY Change -39.09% -9.45% -12.06%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$504.0K -$663.4K -$3.102M
YoY Change -39.09% -9.45% -12.74%
Net Earnings / Revenue -211.72% -547.77% -556.16%
Basic Earnings Per Share $0.00 -$0.01
Diluted Earnings Per Share $0.00 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 419.5M shares 419.5M shares 419.5M shares
Diluted Shares Outstanding 419.5M shares 419.5M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.04K $76.58K $76.58K
YoY Change -47.17% 254.37% 254.37%
Cash & Equivalents $18.04K $76.58K $76.58K
Short-Term Investments
Other Short-Term Assets $990.7K $1.288M $1.288M
YoY Change -36.52% -31.4% -31.4%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.009M $1.365M $1.365M
YoY Change -36.77% -28.14% -28.14%
LONG-TERM ASSETS
Property, Plant & Equipment $9.789K $12.02K $84.05K
YoY Change -47.68% -42.6% -39.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $70.19K $84.05K $84.04K
YoY Change -43.74% -39.13% -39.13%
TOTAL ASSETS
Total Short-Term Assets $1.009M $1.365M $1.365M
Total Long-Term Assets $70.19K $84.05K $84.04K
Total Assets $1.079M $1.449M $1.449M
YoY Change -37.28% -28.88% -28.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.370M $1.676M $1.676M
YoY Change -28.19% -19.98% -19.98%
Accrued Expenses $3.297M $3.435M $3.435M
YoY Change 13.14% 36.29% 36.29%
Deferred Revenue
YoY Change
Short-Term Debt $3.134M $0.00 $0.00
YoY Change
Long-Term Debt Due $2.953M $2.953M
YoY Change 42.86% 42.86%
Total Short-Term Liabilities $8.516M $9.017M $9.017M
YoY Change -1.67% 10.06% 10.06%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $12.73K $25.30K $25.30K
YoY Change -79.38% -65.52% -65.52%
Total Long-Term Liabilities $12.73K $25.30K $25.30K
YoY Change -79.38% -65.52% -65.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.516M $9.017M $9.017M
Total Long-Term Liabilities $12.73K $25.30K $25.30K
Total Liabilities $8.529M $9.042M $9.042M
YoY Change -2.22% 9.39% 9.39%
SHAREHOLDERS EQUITY
Retained Earnings -$253.2M -$252.7M
YoY Change 1.11% 1.24%
Common Stock $419.5K $419.5K
YoY Change 0.01% 0.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$7.450M -$7.593M -$7.593M
YoY Change
Total Liabilities & Shareholders Equity $1.079M $1.449M $1.449M
YoY Change -37.28% -28.88% -28.88%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$504.0K -$663.4K -$3.102M
YoY Change -39.09% -9.45% -12.74%
Depreciation, Depletion And Amortization $2.231K -$1.080K $8.921K
YoY Change 0.04% -152.94% -18.12%
Cash From Operating Activities -$1.044M -$562.0K -$2.572M
YoY Change 67.36% -25.54% -15.44%
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 $781.1K 201.6K $2.192M
YoY Change 51.46% -57.49% 60.22%
NET CHANGE
Cash From Operating Activities -$1.044M -562.0K -$2.572M
Cash From Investing Activities
Cash From Financing Activities $781.1K 201.6K $2.192M
Net Change In Cash -$264.0K -360.4K -$404.9K
YoY Change 139.49% 28.43% -75.83%
FREE CASH FLOW
Cash From Operating Activities -$1.044M -$562.0K -$2.572M
Capital Expenditures
Free Cash Flow
YoY Change

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1026799 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1431707 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
76576 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21605 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
950223 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
1410102 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1026799 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1431707 usd
CY2022 PVCT Deposit Applied To Equity Issuances
DepositAppliedToEquityIssuances
-150000 usd
CY2022 PVCT Rightofuse Asset For Lease Liability
RightofuseAssetForLeaseLiability
130443 usd
CY2023 PVCT Conversion Of Notes And Related Accrued Interest
ConversionOfNotesAndRelatedAccruedInterest
945467 usd
CY2022 PVCT Conversion Of Notes And Related Accrued Interest
ConversionOfNotesAndRelatedAccruedInterest
1361640 usd
CY2023 PVCT Conversion Of2022 Notes And Related Accrued Interest To Series D1 Preferred Stock
ConversionOf2022NotesAndRelatedAccruedInterestToSeriesD1PreferredStock
813098 usd
CY2023 PVCT Purchase Of Insurance Policies Financed By Shortterm Note Payable
PurchaseOfInsurancePoliciesFinancedByShorttermNotePayable
-306050 usd
CY2022 PVCT Purchase Of Insurance Policies Financed By Shortterm Note Payable
PurchaseOfInsurancePoliciesFinancedByShorttermNotePayable
-203175 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_800_eus-gaap--NatureOfOperations_zg7iurdfYeC5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>1. <span id="xdx_82E_zt3TMF7V5zM9">Business Organization and Nature of Operations</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Provectus Biopharmaceuticals, Inc., a Delaware corporation (together with its subsidiary Provectus Biopharmaceuticals Australia Pty Ltd, “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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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. Second, 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company believes that it is the first and only entity to date to make pharmaceutical-grade RBS successfully, reproducibly, and consistently at a purity of nearly 100%.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s small molecule HX medical science platform comprises several different drug product candidates and preclinical pharmaceutical-grade RBS formulations using different concentrations 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Risks and Uncertainties</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">To date, the Company has not generated any revenues or profits 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1026799 usd
CY2023Q4 us-gaap Restricted Cash
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CY2023Q4 PVCT Working Capital Deficit
WorkingCapitalDeficit
7652098 usd
CY2022Q4 PVCT Working Capital Deficit
WorkingCapitalDeficit
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CY2023 us-gaap Use Of Estimates
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<p id="xdx_84C_eus-gaap--UseOfEstimates_zOabt6mQv2l3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_860_zNanLwach9k9">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021Q4 PVCT Proceeds From Grant Award For Study Of Animal Cancer And Dermatological
ProceedsFromGrantAwardForStudyOfAnimalCancerAndDermatological
2500000 usd
CY2021Q4 PVCT Payment To Vendors For Expense And Deposits
PaymentToVendorsForExpenseAndDeposits
1549777 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
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CY2022Q4 us-gaap Notes Payable
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CY2022 us-gaap Interest Expense
InterestExpense
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CY2023 us-gaap Concentration Risk Credit Risk
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<p id="xdx_846_eus-gaap--ConcentrationRiskCreditRisk_zNDUhyVEXjmk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86A_zxXogzic4J43">Cash Concentrations</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash and restricted cash are maintained at financial institutions and, at times, balances may exceed federally insured limits of $<span id="xdx_901_eus-gaap--CashFDICInsuredAmount_iI_c20231231_zbqEC6KEunvc" 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 December 31, 2023 and 2022, the Company had cash and restricted cash balances in excess of FDIC insurance limits of $<span id="xdx_90C_eus-gaap--FDICIndemnificationAsset_iI_c20231231_z2XDaohfKIg1" title="Cash in excess FDIC insured amount">776,799</span> and $<span id="xdx_908_eus-gaap--FDICIndemnificationAsset_iI_c20221231_zOkZQjLlTHQa" 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
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CY2023Q4 us-gaap Fdic Indemnification Asset
FDICIndemnificationAsset
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CY2022Q4 us-gaap Fdic Indemnification Asset
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
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CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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130311698 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2023Q4 PVCT Foreign Currency Translation Adjustments Of Assets
ForeignCurrencyTranslationAdjustmentsOfAssets
13916 usd
CY2023Q4 PVCT Foreign Currency Translation Adjustments Of Liabilities
ForeignCurrencyTranslationAdjustmentsOfLiabilities
389540 usd
CY2022Q4 PVCT Foreign Currency Translation Adjustments Of Assets
ForeignCurrencyTranslationAdjustmentsOfAssets
17373 usd
CY2022Q4 PVCT Foreign Currency Translation Adjustments Of Liabilities
ForeignCurrencyTranslationAdjustmentsOfLiabilities
383447 usd
CY2023 PVCT Foreign Currency Translation Adjustment Of Expense And Other Income
ForeignCurrencyTranslationAdjustmentOfExpenseAndOtherIncome
9763 usd
CY2022 PVCT Foreign Currency Translation Adjustment Of Expense And Other Income
ForeignCurrencyTranslationAdjustmentOfExpenseAndOtherIncome
4503 usd
CY2023Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
719460 usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
314160 usd
CY2023Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
92985 usd
CY2022Q4 us-gaap Accrued Vacation Current
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CY2023Q4 us-gaap Accrued Professional Fees Current
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2330589 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1945589 usd
CY2023Q4 PVCT Accrued Other Expenses
AccruedOtherExpenses
97402 usd
CY2022Q4 PVCT Accrued Other Expenses
AccruedOtherExpenses
75186 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
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3240436 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2404012 usd
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0 usd
CY2023Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
3225000 shares
CY2023 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P1Y10M24D
CY2023 us-gaap Professional Fees
ProfessionalFees
254400 usd
CY2022 us-gaap Professional Fees
ProfessionalFees
254400 usd
CY2023 us-gaap Officers Compensation
OfficersCompensation
385000 usd
CY2022 us-gaap Officers Compensation
OfficersCompensation
385000 usd
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CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1945589 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
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1000000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2023Q4 us-gaap Preferred Stock Shares Authorized
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25000000 shares
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PreferredStockParOrStatedValuePerShare
0.001
CY2023Q4 PVCT Preferred Stock Shares Undesignated
PreferredStockSharesUndesignated
1385000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3625000 shares
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200000 shares
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0.86
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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3425000 shares
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0.29
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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512500 shares
CY2021Q4 PVCT Weighted Average Exercise Price Outstanding
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ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
37500 shares
CY2022 PVCT Weighted Average Exercise Price Forfeited
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475000 shares
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
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CY2023 PVCT Weighted Average Exercise Price Forfeited
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412500 shares
CY2023Q4 PVCT Weighted Average Exercise Price Outstanding
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CY2023Q4 PVCT Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Intrinsic Value
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ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
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SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsExercisableWeightedAverageRemainingContractualTerm2
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ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber
412500 shares
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 PVCT Effective Income Tax Rate Reconciliation State And Local Deferred Income Taxes
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 PVCT Effective Income Tax Rate Reconciliation Federal State And Local Income Taxes
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CY2023 us-gaap Current Income Tax Expense Benefit
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2023 PVCT Effective Income Tax Rate Reconciliation Permanent Differences
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CY2022 PVCT Effective Income Tax Rate Reconciliation Permanent Differences
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.186 pure
CY2023 PVCT Effective Income Tax Rate Reconciliation Prior Year Trueup
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CY2022 PVCT Effective Income Tax Rate Reconciliation Prior Year Trueup
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-0.023 pure
CY2023 PVCT Effective Income Tax Rate Reconciliation Expiration Of State Net Operating Loss Carry Forwards Percentage
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0.102 pure
CY2022 PVCT Effective Income Tax Rate Reconciliation Expiration Of State Net Operating Loss Carry Forwards Percentage
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0.491 pure
CY2023 PVCT Effective Income Tax Rate Reconciliation Expiration Of Warrants And Options
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0.011 pure
CY2022 PVCT Effective Income Tax Rate Reconciliation Expiration Of Warrants And Options
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0.010 pure
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The Company completed the arrangements of this collaboration during the third quarter of 2022, whereby the Company paid $5,000 for the option that expires on May 31, 2023; agreed to pay up to $10,000 of new UM patent expenses for this IP during the period of the option and up to $25,000 of past UM patent expenses for this IP; and 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.

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0001493152-24-011699-index.html Edgar Link pending
0001493152-24-011699.txt Edgar Link pending
0001493152-24-011699-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
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pvct-20231231.xsd Edgar Link pending
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