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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss $ (26,908) $ (10,612)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization expense 221 501
Stock-based compensation - Lucid Diagnostics Inc. 2018 Equity Plan 949 743
Stock-based compensation - PAVmed Inc. 2014 Equity Plan 81 189
Change in fair value - Senior Secured Convertible Note 14,478 (291)
Debt extinguishment loss - Senior Secured Convertible Note 167
Amortization of common stock payment for vendor service agreement 74 23
Changes in operating assets and liabilities:    
Accounts receivable (16) (4)
Prepaid expenses and other current assets (185) 345
Accounts payable (412) (176)
Accrued expenses and other current liabilities (756) (704)
Due To: PAVmed Inc. - operating expenses, employee related costs, MSA Fee 9 (2,793)
Net cash flows used in operating activities (12,465) (12,612)
Cash flows from investing activities    
Purchase of equipment (93) (37)
Net cash flows used in investing activities (93) (37)
Cash flows from financing activities    
Proceeds – issue of preferred stock 18,165
Proceeds – issue of common stock - Registered Direct Offering, net of fees 14,934
Proceeds – issue of Senior Secured Convertible Notes 360
Proceeds – exercise of stock options 3 4
Proceeds – issue common stock – Employee Stock Purchase Plan 141 353
Net cash flows provided by financing activities 15,438 18,522
Net increase (decrease) in cash 2,880 5,873
Cash, beginning of period 22,358 18,896
Cash, end of period $ 25,238 $ 24,769