Annual report pursuant to Section 13 and 15(d)

Note 18 - Supplemental Disclosure for Statements of Cash Flows

v3.23.1
Note 18 - Supplemental Disclosure for Statements of Cash Flows
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Cash Flow, Supplemental Disclosures [Text Block]

18.

Supplemental Disclosure for Statements of Cash Flows

 

We paid interest aggregating $136,432 and $9,015 in 2022 and 2021, respectively. During 2022 and 2021, we issued 53,238 and 30,018 shares of Common Stock, respectively, as matching contributions to our 401(k) Plan which were valued at $44,720 and $76,846, respectively. During 2022, we issued 44,782 shares of our Common Stock to certain of our employees as partial payment in lieu of cash for their 2021 bonuses, which were valued at $24,847. Also during 2022, we issued 70,500 shares of Common Stock to all participants under the LTIP, which were valued at $19,740. In November 2022, we prepaid $608,275 of insurance premiums through the issuance of a note payable to AFCO with an interest rate of 7.85%. In November 2021, we prepaid $565,760 of insurance premiums through the issuance of a note payable to IPFS with an interest rate of 4.36%. During 2022, 218,264 Series LL warrants to purchase the Company’s Common Stock were exercised on a cashless basis in exchange for issuance of 62,361 shares of Navidea Common Stock. Also during 2022, the Company recorded additional paid-in capital of $821,250 related to the difference in the value of Mr. Scott’s Series E Preferred Stock and the Series F and Series G Preferred Stock. During 2022, the Company recorded a deemed dividend of $2,037,886 related to the exchange of Series D Preferred Stock and Series F Preferred Stock for Series I Preferred Stock in the Rights Offering, and 943 shares of Series I Preferred Stock were converted into 2,095,490 shares of Common Stock.