Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.23.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenue:    
Revenue from contract with customer $ 14,645 $ 45,615
Grant and other revenue 51,007 485,898
Total revenue 65,652 531,513
Cost of revenue 1,941 0
Adjustments for expired and expiring inventory 183,006  
Gross (loss) profit (119,295) 531,513
Operating expenses:    
Research and development 5,969,774 5,141,910
Selling, general and administrative 7,961,826 7,450,015
Total operating expenses 13,931,600 12,591,925
Loss from operations [1] (14,050,895) (12,060,412)
Other (expense) income:    
Interest expense, net (1,098,322) (6,361)
Gain on extinguishment of debt 0 366,000
Other, net (27,939) (14,115)
Total other (expense) income, net (1,126,261) 345,524
Net loss before income taxes (15,177,156) (11,714,888)
Provision for income taxes 0 (16,043)
Net loss (15,177,156) (11,730,931)
Net loss attributable to noncontrolling interest 3 4
Net loss attributable to Navidea and subsidiaries (15,177,153) (11,730,927)
Deemed dividend on preferred stock exchanged for Units (2,037,886) 0
Net loss attributable to common stockholders $ (17,215,039) $ (11,730,927)
Loss attributable to common stockholders per common share (basic and diluted) (in dollars per share) $ (0.56) $ (0.40)
Weighted average shares outstanding (in shares) 30,901,869 29,343,542
Royalty [Member]    
Revenue:    
Revenue from contract with customer $ 14,645 $ 0
License [Member]    
Revenue:    
Revenue from contract with customer $ 0 $ 45,615
[1] Loss from operations does not reflect the allocation of certain selling, general and administrative expenses, excluding depreciation and amortization, to our individual reportable segments, other than those expenses directly incurred by Navidea Europe, Navidea UK and MT.