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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 49,280 $ 39,744
Accounts receivable 27 17
Prepaid expenses, deposits, and other current assets 4,534 4,165
Total current assets 53,841 43,926
Fixed assets, net 2,255 2,451
Operating lease right-of-use assets 5,171 3,037
Intangible assets, net 2,940 3,445
Other assets 1,079 1,121
Total assets 65,286 53,980
Current liabilities:    
Accounts payable 1,258 2,704
Accrued expenses and other current liabilities 3,724 3,705
Operating lease liabilities, current portion 1,264 1,141
Senior Secured Convertible Notes - at fair value 44,300 33,650
Total current liabilities 50,546 41,200
Operating lease liabilities, less current portion 3,936 1,846
Total liabilities 54,482 43,046
Commitments and contingencies (Note 9)  
Stockholders’ Equity:    
Preferred stock, $0.001 par value. Authorized, 20,000,000 shares; Series B Convertible Preferred Stock, par value $0.001, issued and outstanding 1,229,887 at March 31, 2023 and 1,205,759 shares at December 31, 2022 2,767 2,695
Common stock, $0.001 par value. Authorized, 250,000,000 shares; 100,596,406 and 94,510,537 shares outstanding as of March 31, 2023 and December 31, 2022, respectively 101 95
Additional paid-in capital 221,247 216,106
Accumulated deficit (246,172) (228,169)
Treasury stock (408)
Total PAVmed Inc. Stockholders’ Equity (22,057) (9,681)
Noncontrolling interests 32,861 20,615
Total Stockholders’ Equity 10,804 10,934
Total Liabilities and Stockholders’ Equity $ 65,286 $ 53,980