Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 33,795 $ 1,995,860
Receivables 31,043 630
Inventory, net 460,636 427,344
Prepaid expenses and other 672,060 780,110
Total current assets 1,197,534 3,203,944
Property and equipment 734,870 835,845
Less accumulated depreciation and amortization 598,449 700,498
Property and equipment, net 136,421 135,347
Right-of-use lease assets 107,243 107,243
Less accumulated amortization 95,938 86,943
Right-of-use lease assets, net 11,305 20,300
License agreements, patents and trademarks 1,239,477 1,215,604
Less accumulated amortization 228,925 215,363
License agreements, patents and trademarks, net 1,010,552 1,000,241
Other assets 11,774 11,774
Total assets 2,367,586 4,371,606
Current liabilities:    
Accounts payable 3,171,126 2,122,538
Accrued liabilities and other 4,925,845 6,456,762
Notes payable, current 343,074 543,613
Lease liabilities, current 10,372 18,976
Deferred revenue, current 800,000 800,000
Total current liabilities 9,250,417 9,941,889
Lease liabilities, net of current portion 926 1,312
Deferred revenue 700,000 700,000
Total liabilities 11,915,209 12,514,916
Stockholders’ deficit:    
Common stock; $.001 par value, 300,000,000 shares authorized; 32,851,252 and 32,687,666 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 223,848 223,684
Additional paid-in capital 379,414,977 379,343,124
Accumulated deficit (389,478,978) (388,002,649)
Total stockholders' deficit (9,840,140) (8,435,828)
Noncontrolling interest 292,517 292,518
Total Navidea stockholders’ deficit (9,547,623) (8,143,310)
Total liabilities and stockholders’ deficit 2,367,586 4,371,606
Non-Series Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 0 0
Series D Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 0 0
Series E Preferred Stock [Member]    
Stockholders’ deficit:    
Series E preferred stock; $.001 par value, 50,000 shares authorized; 0 shares issued and outstanding as of March 31, 2023 and December 31, 2022 0 0
Series G Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 3 3
Series H Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 0 0
Series I Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 10 10
Related Party [Member]    
Current liabilities:    
Notes Payable, Noncurrent $ 1,963,866 $ 1,871,715