PROVECTUS BIOPHARMACEUTICALS INC
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
PVCT$0.04-17.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| For the Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | ||||
| 2024 · 2023 | ||||
| Cash Flows From Operating Activities: | ||||
| Net loss | $(2,365,241) | $(2,438,355) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Stock-based compensation | - | 2,850 | ||
| Non-cash operating lease expense | 35,325 | 33,613 | ||
| Depreciation | 6,691 | 6,691 | ||
| Changes in operating assets and liabilities | ||||
| Short term receivables | 465 | (553) | ||
| Prepaid expenses and other current assets | 267,991 | 359,572 | ||
| Accounts payable | (294,892) | (308,728) | ||
| Unearned grant revenue | (602,808) | (436,600) | ||
| Other accrued expenses | 449,721 | 653,664 | ||
| Operating lease liability | (35,662) | (32,938) | ||
| Accrued interest | 166,327 | 150,017 | ||
| Net Cash Used In Operating Activities | (2,372,083) | (2,010,767) | ||
| Cash Flows From Financing Activities: | ||||
| Proceeds from issuance of convertible notes payable | 353,000 | 700,000 | ||
| Proceeds from issuance of convertible notes payable - related parties | 1,950,000 | 1,525,000 | ||
| Repayment of short-term note payable | (243,554) | (234,997) | ||
| Repayment of 2021 convertible note payable - related party | (100,000) | - | ||
| Net Cash Provided By Financing Activities | 1,959,446 | 1,990,003 | ||
| Effect of exchange rates on cash and restricted cash | 27 | (736) | ||
| Net Decrease In Cash and Restricted Cash | (412,610) | (21,500) | ||
| Cash and Restricted Cash, Beginning of Period | 1,026,799 | 1,431,707 | ||
| Cash and Restricted Cash, End of Period | $614,189 | $1,410,207 | ||
| Cash and restricted cash consisted of the following: | ||||
| Cash | $187,457 | $367,250 | ||
| Restricted cash | 426,732 | 1,042,957 | ||
| Cash and Restricted Cash, End of Period | $614,189 | $1,410,207 | ||
| Supplemental Disclosures of Cash Flow Information: | ||||
| Cash paid during the year for: | ||||
| Interest | $ | - | $ | - |
| Income taxes | $ | - | $ | - |
| Non-cash investing and financing activities: | ||||
| Conversion of 2021 Notes and related accrued interest to Series D-1 Preferred Stock | $ | - | $804,533 | |
| Conversion of 2022 Notes and related accrued interest to Series D-1 Preferred Stock | $2,404,057 | $170,126 | ||
| Conversion of accrued directors’ fees to Series D-1 Preferred Stock | $2,131,839 | $ | - | |
| Forfeited shares of Series D Preferred Stock | $(11,416) | $ | - | |
| Issuance of Series D-1 Preferred Stock for forfeited shares of Series D Preferred Stock | $1,141 | $ | - | |
| Purchase of insurance policies financed by short-term note payable | $(76,283) | $(73,669) | ||
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