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PROVECTUS BIOPHARMACEUTICALS INC

For the period ended Sep 30, 2024. Filed Nov 12, 2024.

View on SEC.gov

About this filing

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.

Sep 30, 2024 · Filed Nov 12, 2024

PVCT$0.07+3.6%Stored close · as of Jun 30, 2026

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Condensed Consolidated Balance Sheets

September 30,December 31,
20242023
(Unaudited)
Assets
Current Assets:
Cash$187,457$76,576
Restricted cash426,732950,223
Short-term receivables-476
Prepaid expenses and other current assets145,814337,522
Total Current Assets760,0031,364,797
Equipment and furnishings, less accumulated depreciation of $117,685 and $110,994, respectively5,32912,020
Operating lease right-of-use asset36,70172,026
Total Assets$802,033$1,448,843
Liabilities and Stockholders’ Deficit
Current Liabilities:
Accounts payable$1,381,027$1,675,891
Unearned grant revenue350,440953,248
Other accrued expenses1,558,3393,240,436
Accrued interest19,55822,600
Accrued interest - related parties114,141123,828
Notes payable110,544277,815
Convertible notes payable453,000800,000
Convertible notes payable - related parties2,200,0001,875,000
Operating lease liability, current portion37,71448,077
Total Current Liabilities6,224,7639,016,895
Operating lease liability, non-current portion-25,299
Total Liabilities6,224,7639,042,194
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 September 30, 2024 and December 31, 2023, respectively; 956,985 and 12,373,247 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively; aggregate liquidation preference of $1,095,556 and $14,164,889 at September 30, 2024 and December 31, 2023, respectively95712,373
Series D-1 Convertible Preferred Stock; 23,042,900 and 11,241,000 shares designated at September 30, 2024 and December 31, 2023, respectively; 13,011,823 and 10,361,097 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively; aggregate liquidation preference of $148,959,354 and $118,613,136 at September 30, 2024 and December 31, 2023, respectively13,01210,361
Common stock; par value $0.001 per share; 1,000,000,000 shares authorized; 420,279,879 and 419,447,119 shares issued and outstanding at September 30, 2024 and December 31, 2023420,280419,522
Additional paid-in capital249,258,870244,714,967
Accumulated other comprehensive loss(60,199)(60,165)
Accumulated deficit(255,055,650)(252,690,409)
Total Stockholders’ Deficit(5,422,730)(7,593,351)
Total Liabilities and Stockholders’ Deficit$802,033$1,448,843
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.