Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 4,230,865 $ 2,670,495
Stock subscriptions and other receivables 92,992 2,987,319
Inventory 151,155 169,798
Prepaid expenses and other 908,273 700,716
Total current assets 5,383,285 6,528,328
Property and equipment 866,306 845,379
Less accumulated depreciation and amortization 745,816 713,217
Property and equipment, net 120,490 132,162
Right-of-use lease assets 448,940 458,280
Less accumulated amortization 320,725 208,185
Right-of-use lease assets, net 128,215 250,095
License agreements, patents and trademarks 953,424 747,863
Less accumulated amortization 167,773 127,622
License agreements, patents and trademarks, net 785,651 620,241
Other assets 227,192 227,192
Total assets 6,644,833 7,758,018
Current liabilities:    
Accounts payable 1,421,317 1,161,717
Accrued liabilities and other 3,149,340 2,512,994
Notes payable 453,427 745,443
Lease liabilities, current 275,718 294,951
Total current liabilities 5,299,802 4,715,105
Lease liabilities, net of current portion 20,288 296,006
Deferred revenue 700,000 700,000
Total liabilities 6,020,090 5,711,111
Commitments and contingencies (See Note 12)
Stockholders’ equity:    
Common stock; $.001 par value; 300,000,000 shares authorized; 30,279,922 and 27,149,691 shares issued and outstanding as of December 31, 2021 and 2020, respectively 221,277 218,146
Common stock subscribed; $.001 par value, 0 and 995,000 shares subscribed as of December 31, 2021 and 2020, respectively 0 995
Common stock subscriptions receivable 0 (4,975,000)
Additional paid-in capital 370,459,705 375,428,014
Accumulated deficit (370,787,610) (359,056,683)
Total Navidea stockholders' (deficit) equity (106,556) 1,315,604
Noncontrolling interest 731,299 731,303
Total stockholders’ equity 624,743 2,046,907
Total liabilities and stockholders’ equity 6,644,833 7,758,018
Non-Series Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock 0 0
Series D Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock 22 0
Preferred stock. subscriptions 0 132
Series D preferred stock subscriptions receivable 0 (10,300,000)
Series E Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock $ 50 $ 0