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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 37,163 $ 39,744
Accounts receivable 41 17
Prepaid expenses, deposits, and other current assets 5,923 4,165
Total current assets 43,127 43,926
Fixed assets, net 2,028 2,451
Operating lease right-of-use assets 5,014 3,037
Intangible assets, net 2,435 3,445
Other assets 1,079 1,121
Total assets 53,683 53,980
Current liabilities:    
Accounts payable 1,162 2,704
Accrued expenses and other current liabilities 4,946 3,705
Operating lease liabilities, current portion 1,427 1,141
Senior Secured Convertible Notes - at fair value 42,990 33,650
Derivative liability - at fair value 260
Total current liabilities 50,785 41,200
Operating lease liabilities, less current portion 3,728 1,846
Total liabilities 54,513 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 1,254,497 at June 30, 2023 and 1,205,759 shares at December 31, 2022 2,841 2,695
Common stock, $0.001 par value. Authorized, 250,000,000 shares; 108,537,994 and 94,510,537 shares outstanding as of June 30, 2023 and December 31, 2022, respectively 109 95
Additional paid-in capital 226,321 216,106
Accumulated deficit (260,783) (228,169)
Treasury stock (408)
Total PAVmed Inc. Stockholders’ Equity (31,512) (9,681)
Noncontrolling interests 30,682 20,615
Total Stockholders’ Equity (830) 10,934
Total Liabilities and Stockholders’ Equity $ 53,683 $ 53,980