PROVECTUS BIOPHARMACEUTICALS INC
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 13, 2024
PVCT$0.07+3.6%Stored close · as of Jun 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| June 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (Unaudited) | ||
| Assets | ||
| Current Assets: | ||
| Cash | $29,581 | $76,576 |
| Restricted cash | 559,702 | 950,223 |
| Short-term receivables | 767 | 476 |
| Prepaid expenses and other current assets | 210,194 | 337,522 |
| Total Current Assets | 800,244 | 1,364,797 |
| Equipment and furnishings, less accumulated depreciation of $115,455 and $110,994, respectively | 7,559 | 12,020 |
| Operating lease right-of-use asset | 48,624 | 72,026 |
| Total Assets | $856,427 | $1,448,843 |
| Liabilities and Stockholders’ Deficit | ||
| Current Liabilities: | ||
| Accounts payable | $1,321,947 | $1,675,891 |
| Unearned grant revenue | 460,185 | 953,248 |
| Other accrued expenses | 3,388,425 | 3,240,436 |
| Accrued interest | 62,076 | 22,600 |
| Accrued interest - related parties | 89,030 | 123,828 |
| Notes payable | 109,862 | 277,815 |
| Convertible notes payable | 1,153,000 | 800,000 |
| Convertible notes payable - related parties | 1,735,000 | 1,875,000 |
| Operating lease liability, current portion | 49,975 | 48,077 |
| Total Current Liabilities | 8,369,500 | 9,016,895 |
| Operating lease liability, non-current portion | - | 25,299 |
| Total Liabilities | 8,369,500 | 9,042,194 |
| Commitments, contingencies, and litigations (Note 12) | - | - |
| Stockholders’ Deficit: | ||
| Preferred stock; par value $0.001 per share; 25,000,000 shares authorized; Series D Convertible Preferred Stock; 957,100 and 12,374,000 shares designated at June 30, 2024 and December 31, 2023, respectively; 956,985 and 12,373,247 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively; aggregate liquidation preference of $1,095,556 and $14,164,889 at June 30, 2024 and December 31, 2023, respectively | 957 | 12,373 |
| Series D-1 Convertible Preferred Stock; 23,042,900 and 11,241,000 shares designated at June 30, 2024 and December 31, 2023, respectively; 12,002,888 and 10,361,097 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively; aggregate liquidation preference of $137,408,291 and $118,613,136 at June 30, 2024 and December 31, 2023, respectively | 12,003 | 10,361 |
| Common stock; par value $0.001 per share; 1,000,000,000 shares authorized; 419,522,119 shares issued and outstanding at June 30, 2024 and December 31, 2023 | 419,522 | 419,522 |
| Additional paid-in capital | 246,156,198 | 244,714,967 |
| Accumulated other comprehensive loss | (60,454) | (60,165) |
| Accumulated deficit | (254,041,299) | (252,690,409) |
| Total Stockholders’ Deficit | (7,513,073) | (7,593,351) |
| Total Liabilities and Stockholders’ Deficit | $856,427 | $1,448,843 |
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