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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 765 $ 19,639
Accounts receivable 16 61
Inventory 6 278
Prepaid expenses, deposits, and other current assets 1,343 4,520
Total current assets 2,130 24,498
Fixed assets, net 216 1,783
Operating lease right-of-use assets 2,618 4,267
Intangible assets, net 1,424
Equity method investment - at fair value 25,511
Other assets 75 1,147
Total assets 30,550 33,119
Current liabilities:    
Accounts payable 465 1,786
Accrued expenses and other current liabilities 4,543 6,626
Operating lease liabilities, current portion 499 1,565
Senior Secured Convertible Notes - at fair value 32,050 44,200
Total current liabilities 37,557 54,177
Operating lease liabilities, less current portion 2,380 2,960
Total liabilities 39,937 57,137
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 1,385,149 at September 30, 2024 and 1,305,213 shares at December 31, 2023 3,232 2,993
Common stock, $0.001 par value. Authorized, 50,000,000 shares; 10,660,394 and 8,578,505 shares outstanding as of September 30, 2024 and December 31, 2023, respectively 11 9
Additional paid-in capital 248,200 237,600
Accumulated deficit (256,312) (294,433)
Total PAVmed Inc. Stockholders’ Equity (Deficit) (4,869) (53,831)
Noncontrolling interests (4,518) 29,813
Total Stockholders’ Equity (Deficit) (9,387) (24,018)
Total Liabilities and Stockholders’ Equity (Deficit) $ 30,550 $ 33,119