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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Revenue $ 2,452 $ 377
Operating expenses:    
Cost of revenue 6,420 3,614
Sales and marketing 17,583 19,318
General and administrative 30,947 41,410
Amortization of acquired intangible assets 2,021 1,784
Research and development 14,276 25,338
Total operating expenses 71,247 91,464
Operating loss (68,795) (91,087)
Other income (expense):    
Interest income 505 169
Interest expense (589) (1,281)
Change in fair value - Senior Secured Convertible Notes (6,026) (1,273)
Loss on issue and offering costs - Senior Secured Convertible Note (1,186) (4,332)
Debt extinguishments loss - Senior Secured Convertible Notes (3,782) (5,434)
Change in fair value - derivative liability (390)
Gain on sale of intellectual property 1,000
Other income (expense), net (10,468) (12,151)
Loss before provision for income tax (79,263) (103,238)
Provision for income taxes
Net loss before noncontrolling interests (79,263) (103,238)
Net loss attributable to the noncontrolling interests 15,088 14,255
Net loss attributable to PAVmed Inc. (64,175) (88,983)
Less: Deemed dividend on Series Z warrant modification (1,791)
Less: Series B Convertible Preferred Stock dividends earned (304) (281)
Net loss attributable to PAVmed Inc. common stockholders $ (66,270) $ (89,264)
Per share information(1):    
Net loss per share attributable to PAVmed Inc. common stockholders - basic [1],[2] $ (9.16) $ (15.03)
Net loss per share attributable to PAVmed Inc. common stockholders - diluted [1],[2] $ (9.16) $ (15.03)
Weighted average common shares outstanding, basic [2] 7,231,546 5,938,406
Weighted average common shares outstanding, diluted [2] 7,231,546 5,938,406
[1] - Convertible Preferred Stock would potentially be considered a participating security under the two-class method of calculating net loss per share. However, the Company has incurred net losses to-date, and as such holders are not contractually obligated to share in the losses, there is no impact on the Company’s net loss per share calculation for the periods indicated.
[2] Reflects the Company’s 1-for-15 reverse stock split that became effective December 7, 2023. Refer to Note 3 - Summary of Significant Accounting Policies for further information.