PAVmed (PAVM) 10-Q 15 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 10, 2022
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-37685
Entity Registrant Name	PAVMED INC.
Entity Central Index Key	0001624326
Entity Tax Identification Number	47-1214177
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	One Grand Central Place
Entity Address, Address Line Two	60 E. 42nd Street
Entity Address, Address Line Three	Suite 4600
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10165
City Area Code	(212)
Local Phone Number	949-4319
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		90,999,078
Common Stock, $0.001 par value per share [Member]
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	PAVM
Security Exchange Name	NASDAQ
Series Z Warrants, each to purchase one share of Common Stock [Member]
Title of 12(b) Security	Series Z Warrants, each to purchase one share of Common Stock
Trading Symbol	PAVMZ
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash	$ 65,153	$ 77,258
Accounts receivable		200
Prepaid expenses, deposits, and other current assets	5,662	5,179
Total current assets	70,815	82,637
Fixed assets, net	2,253	1,585
Operating lease right-of-use assets	3,205
Intangible assets, net	4,456	2,029
Other assets	1,725	725
Total assets	82,454	86,976
Current liabilities:
Accounts payable	4,492	3,299
Accrued expenses and other current liabilities	2,932	4,259
Operating lease liabilities, current portion	943
Senior Secured Convertible Notes - at fair value	29,500
Purchase consideration payable	1,000
Total current liabilities	38,867	7,558
Long-term liabilities
Operating lease liabilities, less current portion	2,183
Total long-term liabilities	2,183
Total liabilities	41,050	7,558
Commitments and contingencies (Note 9)
Stockholders’ Equity:
Preferred stock, $0.001 par value. Authorized, 20,000,000 shares; Series B Convertible Preferred Stock, par value $0.001, issued and outstanding 1,158,950 at June 30, 2022 and 1,113,919 shares at December 31, 2021	2,554	2,419
Common stock, $0.001 par value. Authorized, 250,000,000 shares; 87,023,211 and 86,367,845 shares outstanding as of June 30, 2022 and December 31, 2021, respectively	87	86
Additional paid-in capital	201,327	198,071
Accumulated deficit	(181,442)	(138,910)
Treasury stock	(548)
Total PAVmed Inc. Stockholders’ Equity	21,978	61,666
Noncontrolling interests	19,426	17,752
Total Stockholders’ Equity	41,404	79,418
Total Liabilities and Stockholders’ Equity	$ 82,454	$ 86,976

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	87,023,211	86,367,845
Common stock, shares outstanding	87,023,211	86,367,845
Series B Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued	1,158,950	1,113,919
Preferred stock, shares outstanding	1,158,950	1,113,919

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenue			$ 189
Cost of revenue			369
Gross profit (loss)			(180)
Operating expenses:
Sales and marketing	4,898	1,875	8,823	3,262
General and administrative	11,839	6,837	21,436	10,211
Research and development	6,740	4,258	12,671	7,573
Total operating expenses	23,477	12,970	42,930	21,046
Loss from operations	(23,477)	(12,970)	(43,110)	(21,046)
Other income (expense):
Interest expense	(523)		(523)
Change in fair value - Senior Secured Convertible Note	(2,000)		(2,000)	1,682
Loss on issue and offering costs - Senior Secured Convertible Note	(3,101)		(3,101)
Debt extinguishments loss - Senior Secured Convertible Notes				(3,715)
Debt forgiveness		300		300
Other income (expense), net	(5,624)	300	(5,624)	(1,733)
Loss before provision for income tax	(29,101)	(12,670)	(48,734)	(22,779)
Provision for income taxes
Net loss before noncontrolling interests	(29,101)	(12,670)	(48,734)	(22,779)
Net loss attributable to the noncontrolling interests	3,576	1,199	6,337	1,877
Net loss attributable to PAVmed Inc.	(25,525)	(11,471)	(42,397)	(20,902)
Less: Series B Convertible Preferred Stock dividends earned	(70)	(74)	(138)	(149)
Net loss attributable to PAVmed Inc. common stockholders	$ (25,595)	$ (11,545)	$ (42,535)	$ (21,051)
Per share information:
Net loss per share attributable to PAVmed Inc. - basic and diluted	$ (0.29)	$ (0.14)	$ (0.49)	$ (0.27)
Net loss per share attributable to PAVmed Inc. common stockholders – basic and diluted	$ (0.29)	$ (0.14)	$ (0.49)	$ (0.27)
Weighted average common shares outstanding, basic and diluted	86,957,352	82,235,397	86,689,857	78,117,637

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Changes in Equity (Deficit) (Unaudited) - USD ($) $ in Thousands	Preferred Stock [Member] Series B Convertible Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Total
Balance - December 31, 2020 at Dec. 31, 2020	$ 2,537	$ 64	$ 87,570	$ (88,275)		$ (2,369)	$ (473)
Balance, shares at Dec. 31, 2020	1,228,075	63,819,935
Series B Convertible Preferred Stock dividends declared	$ 148			(148)
Series B convertible preferred stock dividends declared, shares	49,244
Vest - restricted stock awards
Vest - restricted stock awards, shares		150,000
Exercise - stock options			131				131
Exercise - stock options, shares		120,832
Stock-based compensation - PAVmed Inc.			3,254				3,254
Stock-based compensation - majority-owned subsidiary			56			3,329	3,385
Net Loss				(20,902)		(1,877)	(22,779)
Issue common stock – exercise Series Z warrants		$ 2	2,783				2,785
Issue common stock - exercise Series Z warrants, shares		1,740,658
Issue common stock - Employee Stock Purchase Plan			304				304
Issue common stock - employee stock purchase plan, shares		203,480
Issue common stock – conversion Series B Convertible Preferred Stock	$ (186)		186
Issue common stock - conversion Series B convertible preferred stock, shares	(91,634)	91,634
Investment in Veris Health Inc. subsidiary						6	6
Issue common stock – registered offerings, net		$ 16	53,688				53,704
Issue common stock - registered offerings, net, shares		15,782,609
Issue common stock upon partial conversions of Senior Secured Convertible Note		$ 1	1,722				1,723
Conversions - senior secured convertible note, shares		667,668
Balance - June 30, 2021 at Jun. 30, 2021	$ 2,499	$ 83	149,694	(109,325)		(911)	42,040
Balance, shares at Jun. 30, 2021	1,185,685	82,576,816
Balance - December 31, 2020 at Dec. 31, 2020	$ 2,537	$ 64	87,570	(88,275)		(2,369)	(473)
Balance, shares at Dec. 31, 2020	1,228,075	63,819,935
Investment in Veris Health Inc. subsidiary						6
Balance - June 30, 2021 at Dec. 31, 2021	$ 2,419	$ 86	198,071	(138,910)		17,752	79,418
Balance, shares at Dec. 31, 2021	1,113,919	86,367,845
Balance - December 31, 2020 at Mar. 31, 2021	$ 2,587	$ 81	145,396	(97,778)		(2,246)	48,040
Balance, shares at Mar. 31, 2021	1,241,438	81,424,744
Series B Convertible Preferred Stock dividends declared	$ 76			(76)
Series B convertible preferred stock dividends declared, shares	25,046
Vest - restricted stock awards
Vest - restricted stock awards, shares		150,000
Exercise - stock options			51				51
Exercise - stock options, shares		40,832
Stock-based compensation - PAVmed Inc.			2,622				2,622
Stock-based compensation - majority-owned subsidiary			52			2,528	2,580
Net Loss				(11,471)		(1,199)	(12,670)
Issue common stock – exercise Series Z warrants		$ 2	1,409				1,411
Issue common stock - exercise Series Z warrants, shares		880,441
Issue common stock – conversion Series B Convertible Preferred Stock	$ (164)		164
Issue common stock - conversion Series B convertible preferred stock, shares	(80,799)	80,799
Investment in Veris Health Inc. subsidiary						6	6
Balance - June 30, 2021 at Jun. 30, 2021	$ 2,499	$ 83	149,694	(109,325)		(911)	42,040
Balance, shares at Jun. 30, 2021	1,185,685	82,576,816
Balance - December 31, 2020 at Dec. 31, 2021	$ 2,419	$ 86	198,071	(138,910)		17,752	79,418
Balance, shares at Dec. 31, 2021	1,113,919	86,367,845
Series B Convertible Preferred Stock dividends declared	$ 135			(135)
Series B convertible preferred stock dividends declared, shares	45,031
Vest - restricted stock awards			(1)				(1)
Vest - restricted stock awards, shares		541,666
Exercise - stock options		$ 1	302				303
Exercise - stock options, shares		299,999
Exercise - stock options of majority-owned subsidiary						688	688
Impact of subsidiary equity transactions			12			229	241
Stock-based compensation - PAVmed Inc.			2,726				2,726
Stock-based compensation - majority-owned subsidiary						7,094	7,094
Treasury stock					(548)		(548)
Treasury stock, shares		(380,544)
Net Loss				(42,397)		(6,337)	(48,734)
Issue common stock – exercise Series Z warrants
Issue common stock - exercise Series Z warrants, shares		5
Issue common stock - Employee Stock Purchase Plan			217				217
Issue common stock - employee stock purchase plan, shares		194,240
Investment in Veris Health Inc. subsidiary
Balance - June 30, 2021 at Jun. 30, 2022	$ 2,554	$ 87	201,327	(181,442)	(548)	19,426	41,404
Balance, shares at Jun. 30, 2022	1,158,950	87,023,211
Balance - December 31, 2020 at Mar. 31, 2022	$ 2,486	$ 87	199,719	(155,849)	(512)	18,802	64,733
Balance, shares at Mar. 31, 2022	1,136,210	86,911,646
Series B Convertible Preferred Stock dividends declared	$ 68			(68)
Series B convertible preferred stock dividends declared, shares	22,740
Vest - restricted stock awards			(1)				(1)
Vest - restricted stock awards, shares		75,000
Exercise - stock options			61				61
Exercise - stock options, shares		62,500
Exercise - stock options of majority-owned subsidiary						501	501
Impact of subsidiary equity transactions			99			142	241
Stock-based compensation - PAVmed Inc.			1,449				1,449
Stock-based compensation - majority-owned subsidiary						3,557	3,557
Treasury stock					(36)		(36)
Treasury stock, shares		(25,935)
Net Loss				(25,525)		(3,576)	(29,101)
Balance - June 30, 2021 at Jun. 30, 2022	$ 2,554	$ 87	$ 201,327	$ (181,442)	$ (548)	$ 19,426	$ 41,404
Balance, shares at Jun. 30, 2022	1,158,950	87,023,211

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net loss - before noncontrolling interest (“NCI”)	$ (48,734)	$ (22,779)
Adjustments to reconcile net loss - before NCI to net cash used in operating activities
Depreciation and amortization expense	1,031	28
Stock-based compensation	9,820	6,639
In-process R&D charge		133
APA-RDx: Issue common stock of majority-owned subsidiary - settle installment payment	239
Change in fair value - Senior Secured Convertible Note	2,000	(1,682)
Loss upon Issuance - Senior Secured Convertible Note	2,500
Debt extinguishment loss - Senior Secured Convertible Notes and Senior Convertible Note		3,715
Debt forgiveness		(300)
Non-cash lease expense	57
Changes in operating assets and liabilities:
Accounts receivable	200
Prepaid expenses and other current and non-current assets	(1,665)	(1,441)
Accounts payable	1,057	650
Accrued expenses and other current liabilities	(1,326)	(759)
Net cash flows used in operating activities	(34,821)	(15,796)
Cash flows from investing activities
Purchase of equipment	(926)	(157)
Payments - Acquisitions, net of cash	(2,200)	(47)
Net cash flows used in investing activities	(3,126)	(204)
Cash flows from financing activities
Proceeds – issue of common stock – registered offerings		55,016
Payment – offering costs – registered offerings		(1,312)
Proceeds – issue of Senior Secured Convertible Note	25,000
Payment – repayment of Senior Convertible Note and Senior Secured Convertible Note		(14,816)
Payment – Senior Convertible Note and Senior Secured Convertible Note – non-installment payments		(154)
Proceeds – exercise of Series Z warrants		2,785
Proceeds – exercise of stock options	303	131
Proceeds – issue common stock – Employee Stock Purchase Plan	217	304
Proceeds – exercise of stock options issued under equity plan of majority owned subsidiary	688
Purchase Treasury Stock – payment of employee payroll tax obligation in connection with stock-based compensation	(366)
Net cash flows provided by financing activities	25,842	41,954
Net increase (decrease) in cash	(12,105)	25,954
Cash, beginning of period	77,258	17,256
Cash, end of period	$ 65,153	$ 43,210

The Company

The Company	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company	Note 1 — The Company Description of the Business PAVmed Inc and Subsidiaries, referred to herein as “PAVmed” or the “Company” is comprised of PAVmed Inc. and its wholly-owned subsidiary and its majority-owned subsidiaries, inclusive of Lucid Diagnostics Inc. (“Lucid Diagnostics” or “LUCID”), Veris Health Inc. (“Veris Health” or “VERIS”), and Solys Diagnostics Inc. (“Solys Diagnostics” or “SOLYS”). The Company is organized to advance a broad pipeline of innovative medical technologies from concept to commercialization, employing a business model focused on capital efficiency and speed to market. The Company’s activities have focused on advancing the lead products towards regulatory approval and commercialization, protecting its intellectual property, and building its corporate infrastructure and management team. The Company’s current operational activities are principally focused on the commercialization of EsoGuard and CarpX, while its development activities are focused on pursuing FDA approval and clearance of other lead products in our product portfolio pipeline, including EsoGuard IVD, PortIO, EsoCure and digital health technologies acquired by the Company’s majority-owned subsidiary Veris Health Inc. The ability of the Company to generate revenue depends upon the Company’s ability to successfully advance the commercialization of EsoGuard and CarpX while also completing the development and the necessary regulatory approvals of its other products and services. There are no assurances, however, the Company will be able to obtain an adequate level of financial resources required for the long-term commercialization and development of its products and services. The Company has financed its operations principally through public and private issuances of its common stock, preferred stock, common stock purchase warrants, and debt. The Company is subject to all of the risks and uncertainties typically faced by medical device and diagnostic companies that devote substantially all of their efforts to the commercialization of their initial product and services and ongoing research and development activities and conducting clinical trials. The Company expects to continue to experience recurring losses from operations and will continue to fund its operations with debt and equity financing transactions. Notwithstanding, however, with the cash on-hand as of the date hereof and other debt and equity committed sources of financing, the Company expects to be able to fund its operations and meet its financial obligations as they become due for the one year period from the date of the issue of the Company’s unaudited condensed consolidated financial statements, as included herein in this Quarterly Report on Form 10-Q for the period ended June 30, 2022.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 — Summary of Significant Accounting Policies Significant Accounting Policies The Company’s significant accounting policies are as disclosed in the Company’s annual report on Form 10-K for the year ended December 31, 2021 as filed with the SEC on April 6, 2022, except as otherwise noted herein below. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of PAVmed Inc. and Subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and applicable rules and regulations of the United States Securities and Exchange Commission (“SEC”), and include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation. The Company holds a majority-ownership interest and has controlling financial interest in each of: Lucid Diagnostics Inc., Veris Health Inc., and Solys Diagnostics Inc., with the corresponding noncontrolling interest included as a separate component of consolidated stockholders’ equity (deficit), including the recognition in the unaudited condensed consolidated statement of operations of a net loss attributable to the noncontrolling interest based on the respective minority-interest equity ownership of each majority-owned subsidiary. See Note 15, Noncontrolling Interest All amounts in the accompanying unaudited condensed consolidated financial statements and these notes thereto are presented in thousands of dollars, if not otherwise noted as being presented in millions of dollars, except for shares and per share amounts. Use of Estimates In preparing the unaudited condensed consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and the determination of corresponding carrying value reserve, if any, and liabilities and the disclosure of contingent losses, as of the date of the consolidated financial statements, as well as the reported amounts of revenue and expenses during the reporting period. Significant estimates in these (unaudited) condensed consolidated financial statements include those related to the estimated fair value of debt obligations, stock-based equity awards, intangible assets, and common stock purchase warrants. Other significant estimates include the estimated incremental borrowing rate, the provision or benefit for income taxes and the corresponding valuation allowance on deferred tax assets. Additionally, management’s assessment of the Company’s ability to continue as a going concern involves the estimation of the amount and timing of future cash inflows and outflows. On an ongoing basis, the Company evaluates its estimates and assumptions. The Company bases its estimates on historical experience and on various other assumptions believed to be reasonable. Due to inherent uncertainty involved in making estimates, actual results reported in future periods may be affected by changes in these estimates. Note 2 — Summary of Significant Accounting Policies Significant Accounting Policies Leases The Company adopted FASB ASC Topic 842, Leases All significant lease agreements and contractual agreements with embedded lease agreements are accounted for under the provisions of ASC 842, wherein, if the contractual arrangement: involves the use of a distinct identified asset; provides for the right to substantially all the economic benefits from the use of the asset throughout the contractual period; and provides for the right to direct the use of the asset. A lease agreement is accounted for as either a finance lease (generally with respect real estate) or an operating lease (generally with respect to equipment). Under both a finance lease and an operating lease, the Company recognizes as of the lease commencement date a lease right-of-use (“ROU”) asset and a corresponding lease payment liability. A lease ROU asset represents the Company’s right to use an underlying asset for the lease term, and the lease liability represents its contractual obligation to make lease payments. The lease ROU asset is measured at the lease commencement date as the present value of the future lease payments plus initial direct costs incurred. The Company recognizes lease expense of the amortization of the lease ROU asset for an operating lease on a straight-line basis over the lease term; and for financing leases on a straight-line basis unless another basis is more representative of the pattern of economic benefit. The operating ROU asset also includes any lease incentives received for improvements to leased property, when the improvements are lessee-owned. Improvements to leased property that are lessor-owned, the Company includes amounts the Company incurred for the improvements as ROU assets which are amortized on a straight-line basis over the life of the lease. The lease liability is measured at the lease commencement date with the discount rate generally based on the Company’s incremental borrowing rate (to the extent the lease implicit rate is not known nor determinable), with interest expense recognized using the interest method for financing leases. Certain leases may include options to extend or terminate the agreement. The Company does not assume renewals in determination of the lease term unless the renewals are deemed to be reasonably certain at lease commencement. As well, an option to terminate is considered unless it is reasonably certain the Company will not exercise the option. The Company elected the practical expedient to not recognize a lease ROU asset and lease payment liability for leases with a term of twelve months or less (“short-term leases”), resulting in the aggregate lease payments being recognized on a straight line basis over the lease term. The Company’s leases with a commencement date prior to January 1, 2022 were short-term leases and therefore did not require recording a ROU asset or lease liability at December 31, 2021. Additionally, the Company elected the practical expedient to not separate lease and non-lease components. Note 2 — Summary of Significant Accounting Policies and Recent Accounting Standards Updates Significant Accounting Policies Fair Value Option (“FVO”) Election Under a Securities Purchase Agreement dated March 31, 2022, the Company issued a Senior Secured Convertible Note dated April 4, 2022 - referred to herein as the “April 2022 Senior Convertible Note” - which is accounted under the “fair value option election” as discussed below. Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 815, Derivative and Hedging Alternatively, FASB ASC Topic 825, Financial Instruments See Note 10, Financial Instruments Fair Value Measurements Debt

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Note 3 — Revenue from Contracts with Customers Revenue is recognized when the satisfaction of the performance obligation occurs, which is when the delivery of product and /or the provision of service is rendered, and is measured as the amount of estimated consideration expected to be realized. In the period ended June 30, 2022, the Company recognized revenue under the EsoGuard Commercialization Agreement, dated August 1, 2021, as discussed below. EsoGuard Commercialization Agreement The Company, through its majority-owned subsidiary, Lucid Diagnostics Inc., entered into the EsoGuard Commercialization Agreement, dated August 1, 2021, with its Commercial Laboratory Improvements Act (“CLIA”) certified commercial laboratory service provider, ResearchDx Inc. (“RDx”), an unrelated third-party. The EsoGuard Commercialization Agreement was on a month-to-month basis, and was terminated on February 25, 2022 upon the execution of an asset purchase agreement (“APA”) dated February 25, 2022, between LucidDx Labs Inc. (a wholly-owned subsidiary of Lucid Diagnostics Inc.) and RDx, with such agreement further discussed in Note 5, Asset Purchase Agreement and Management Services Agreement Revenue Recognized In the six months ended June 30, 2022, the Company recognized total revenue of $ 189 100 Cost of Revenue The cost of revenue recognized with respect to the revenue recognized under the EsoGuard Commercialization Agreement for the period January 1, 2022 to February 25, 2022 totaled $ 369

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 4 — Related Party Transactions Case Western Reserve University and Physician Inventors - Amended CWRU License Agreement Case Western Reserve University (“CWRU”) and each of the three physician inventors (“Physician Inventors”) of the intellectual property licensed under the amended and restated patent license agreement with CWRU, dated August 23, 2021 (the “Amended CWRU License Agreement”), each hold a minority equity ownership interest in Lucid Diagnostics Inc. The expenses incurred with respect to the Amended CWRU License Agreement and the three Physician Inventors, as classified in the accompanying consolidated statement of operations for the periods indicated are summarized as follows: Schedule of Incurred Expenses of Minority Shareholders 2022 2021 2022 2021 Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Cost of Revenue CWRU – Royalty Fee $ — $ — $ 9 $ — General and Administrative Expense Stock-based compensation expense – Physician Inventors’ restricted stock awards 272 273 544 364 Research and Development Expense Amended CWRU License Agreement - reimbursement of patent legal fees 209 113 209 113 Fees - Physician Inventors’ consulting agreements 10 1 18 14 Sponsored research agreement — — 3 — Stock-based compensation expense – Physician Inventors’ stock options 52 52 99 58 Total Related Party Expenses $ 543 $ 439 $ 882 $ 549 See Note 12, Stock-Based Compensation Noncontrolling Interest Other Related Party Transactions Lucid Diagnostics Inc. previously entered into a consulting agreement with Stanley N. Lapidus, effective June 2020 with such consulting agreement providing for compensation on a contractual rate per hour for consulting services provided. In July 2021, Mr. Lapidus was appointed as Vice Chairman of the Board of Directors of Lucid Diagnostics Inc. Lucid Diagnostics Inc. recognized general and administrative expense of $ 8 14 Effective June 2021, Veris Health Inc. entered into a consulting agreement with Andrew Thoreson, M.D. which provides for compensation on a contractual rate per hour for consulting services provided. Dr. Thoreson holds a partial ownership interest in the legal entity which holds a minority interest in Veris Health Inc. Veris Health Inc. recognized general and administrative expense of $ 13 37

Asset Purchase Agreement and Ma

Asset Purchase Agreement and Management Services Agreement	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Asset Purchase Agreement and Management Services Agreement	Note 5 — Asset Purchase Agreement and Management Services Agreement Asset Purchase Agreement - ResearchDx Inc. LucidDx Labs Inc., a wholly-owned subsidiary of Lucid Diagnostics Inc., entered into an asset purchase agreement (“APA”) dated February 25, 2022, with ResearchDx, Inc. (“RDx”), an unrelated third-party - “APA-RDx”. Under the APA-RDx, LucidDx Labs Inc. acquired certain assets from RDx which were combined with LucidDx Labs Inc. purchased and leased property and equipment to establish a Company-owned Commercial Lab Improvements Act (“CLIA”) certified, College of American Pathologists (“CAP”) accredited commercial clinical laboratory capable of performing the EsoGuard® Esophageal DNA assay, inclusive of DNA extraction, next generation sequencing (“NGS”) and specimen storage. Prior to February 25, 2022, RDx provided such laboratory services at its owned CLIA-certified, CAP-accredited clinical laboratory. The total purchase price consideration payable under the APA-RDx is a face value of $ 3,200 3,200 Intangible Assets, net 2,200 1,000 Additionally, the APA-RDx requires the Company to pay a total of $ 3,000 117,371 239 The APA-RDx provides for each of an acceleration and a cancellation of the remaining unpaid installment payments, summarized as follows: ● The payment of the remaining unpaid installment payments will be accelerated as immediately due and payable as of the date the “MSA-RDx” (as such agreement is discussed below) is either terminated by LucidDx Labs Inc. or if it is terminated by mutual agreement between LucidDx Labs Inc. and RDx. ● The payment of the remaining unpaid installment payments will be cancelled if the MSA-RDx is terminated by LucidDx Labs Inc. for cause, defined as the occurrence of any one of: (i) a material breach by RDx which is not cured within thirty days of LucidDx Labs Inc. written notice; (ii) RDx becomes insolvent and /or bankrupt; or (ii) RDx fails to comply with applicable statutes, is barred from participating in federal health care programs, or by action of changes in law or regulation, or by action of judicial interpretation of law, or by judicial civil proceedings decisions. Management Services Agreement - Research Dx Inc LucidDx Labs Inc. and RDx entered into a separate management services agreement (“MSA-RDx”), dated and effective February 25, 2022, with such agreement having a term of three years 150

Prepaid Expenses, Deposits, and

Prepaid Expenses, Deposits, and Other Current Assets	6 Months Ended
	Jun. 30, 2022
Prepaid Expenses Deposits And Other Current Assets
Prepaid Expenses, Deposits, and Other Current Assets	Note 6 — Prepaid Expenses, Deposits, and Other Current Assets Prepaid expenses and other current assets consisted of the following as of: Schedule of Prepaid Expenses and Other Current Assets June 30, 2022 December 31, 2021 Advanced payments to service providers and suppliers $ 834 $ 808 Prepaid insurance 1,156 1,856 Deposits 3,317 1,989 EsoCheck cell collection supplies 215 434 EsoGuard mailer supplies 65 59 CarpX devices 75 33 Total prepaid expenses, deposits and other current assets $ 5,662 $ 5,179

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases
Leases	Note 7 — Leases During the six months ended June 30, 2022, the Company entered into additional lease agreements that have commenced and are classified as operating leases and short-term leases, including for each of: a research and development facility; a commercial clinical laboratory; additional Lucid Test Centers; and for office space. The Company’s future lease payments as of June 30, 2022, which are presented as operating lease liabilities, current portion and operating lease liabilities, less current portion on the Company’s unaudited condensed consolidated balance sheets are as follows: Schedule of future minimum lease payments for capital leases 2022 (remainder of year) $ 562 2023 1,175 2024 1,139 2025 272 2026 272 Thereafter 132 Total lease payments $ 3,552 Less: imputed interest (426 ) Present value of lease liabilities $ 3,126 Supplemental disclosure of cash flow information related to the Company’s cash and non-cash activities with its leases are as follows: Schedule of Supplemental Balance Sheet Information Related to Cash and Non-cash Activities with Leases 2022 2021 Six Months Ended June 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 483 $ — Non-cash investing and financing activities Right-of-use assets obtained in exchange for new operating lease liabilities $ 3,633 $ — Weighted-average remaining lease term - operating leases (in years) 3.31 — Weighted-average discount rate - operating leases 7.875 % — % As of June 30, 2022, the Company’s right-of-use assets from operating leases are $ 3,205 3,126 943 2,183

Intangible Assets, net

Intangible Assets, net	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, net	Note 8 — Intangible Assets, net Intangible assets, less accumulated amortization, consisted of the following as of: Schedule of Intangible Assets Accumulated Amortization Estimated Useful Life June 30, 2022 December 31, 2021 Defensive asset 60 months $ 2,105 $ 2,105 Laboratory licenses and certifications and laboratory information management software (“LIMSDx”) 24 months 3,200 --- Other 1 year 70 70 Total Intangible assets 5,375 2,175 Less Accumulated Amortization (919 ) (146 ) Intangible Assets, net $ 4,456 $ 2,029 The defensive technology intangible asset was recognized by PAVmed Subsidiary Corp upon its acquisition of CapNostics, LLC, an unrelated third-party, for total purchase consideration paid on the October 5, 2021 acquisition date of approximately $ 2.1 million in cash. The CapNostics LLC transaction was accounted for as an asset acquisition, resulting in the recognition of the defensive technology intangible asset. The defensive technology intangible asset is being amortized on a straight-line basis over an expected useful life 60 months commencing on the acquisition date. As noted in Note 5, Asset Purchase Agreement and Management Services Agreement Amortization expense of the intangible assets discussed above was $ 650 6 773 6 Schedule of Estimated Amortization Expense for Intangible Assets 2022 (remainder of year) $ 1,010 2023 2,021 2024 688 2025 421 2026 316 Total $ 4,456

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitment and Contingencies	Note 9 — Commitment and Contingencies Legal Proceedings Delaware Court of Chancery Complaint On November 2, 2020, a stockholder of the Company, on behalf of himself and other similarly situated stockholders, filed a complaint in the Delaware Court of Chancery alleging broker non-votes were not properly counted in accordance with the Company’s bylaws at the Company’s Annual Meeting of Stockholders on July 24, 2020, and, as a result, asserted certain matters deemed to have been approved were not so approved (including matters relating to the increase in the size of the PAVmed Inc. 2014 Long-Term Incentive Equity Plan and the PAVmed Inc. Employee Stock Purchase Plan). The relief sought under the complaint includes certain corrective actions by the Company, but did not seek any specific monetary damages. The Company did not believe it was clear the prior approval of these matters was invalid or otherwise ineffective. However, to avoid any uncertainty and the expense of further litigation, on January 5, 2021, the Company’s board of directors determined it would be advisable and in the best interests of the Company and its stockholders to re-submit these proposals to the Company’s stockholders for ratification and/or approval. In this regard, the Company held a special meeting of stockholders on March 4, 2021, at which such matters were ratified and approved. The parties have reached agreement on a proposed Settlement Term Sheet Agreement, dated January 28, 2021, to settle the complaint, the terms of which do not contemplate payment of monetary damages to the putative class in the proceeding. In connection with the foregoing, on August 3, 2022, the parties agreed that plaintiff’s counsel would not seek an award from the Court in excess of $ 450 Benchmark Investments, Inc. / Benchmark Investments LLC On December 23, 2020, Benchmark Investments, Inc. filed a complaint against the Company in the U.S. District Court of the Southern District of New York alleging the registered direct offerings of shares of common stock of the Company completed in December 2020 were in violation of provisions set forth in an engagement letter between the Company and Kingswood Capital Markets, a “division” of Benchmark Investments, Inc. On December 16, 2021, the court granted PAVmed’s motion to dismiss the case for lack of subject matter jurisdiction. On February 7, 2022, Benchmark Investments LLC, which claimed to be a successor to Benchmark Investments, Inc., filed a new complaint in the Supreme Court of the State of New York, New York County, asserting claims similar to those in the federal action, and adding to its allegations that financings conducted by the Company in January 2021 and February 2021 also violated the Company’s engagement letter with Kingswood Capital Markets. The Company has made a motion to dismiss this complaint for Benchmark Investments LLC’s lack of standing, which motion is pending. In any event, the Company disagrees with the allegations set forth in the complaint and intends to vigorously contest the complaint. Other Matters In the ordinary course of our business, particularly as it begins commercialization of its products, the Company may be subject to certain other legal actions and claims, including product liability, consumer, commercial, tax and governmental matters, which may arise from time to time. Except as otherwise noted herein, the Company does not believe it is currently a party to any other pending legal proceedings. Notwithstanding, legal proceedings are subject-to inherent uncertainties, and an unfavorable outcome could include monetary damages, and excessive verdicts can result from litigation, and as such, could result in a material adverse impact on the Company’s business, financial position, results of operations, and /or cash flows. Additionally, although the Company has specific insurance for certain potential risks, the Company may in the future incur judgments or enter into settlements of claims which may have a material adverse impact on the Company’s business, financial position, results of operations, and /or cash flows.

Financial Instruments Fair Valu

Financial Instruments Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Financial Instruments Fair Value Measurements	Note 10 — Financial Instruments Fair Value Measurements Recurring Fair Value Measurements The fair value hierarchy table for the reporting date noted is as follows: Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis Fair Value Measurement on a Recurring Basis at Reporting Date Using (1) Level-1 Inputs Level-2 Inputs Level-3 Inputs Total June 30, 2022 Senior Secured Convertible Note - April 2022 $ — $ — $ 29,500 $ 29,500 Totals $ — $ — $ 29,500 $ 29,500 (1) As noted above, as presented in the fair value hierarchy table, Level-1 represents quoted prices in active markets for identical items, Level-2 represents significant other observable inputs, and Level-3 represents significant unobservable inputs. There were no transfers between the respective Levels during the period ended June 30, 2022. As discussed in Note 11, Debt 27.5 The estimated fair value of the financial instruments classified within the Level 3 category was determined using both observable inputs and unobservable inputs. Unrealized gains and losses associated with liabilities within the Level 3 category include changes in fair value attributable to both observable (e.g., changes in market interest rates) and unobservable (e.g., changes in unobservable long- dated volatilities) inputs. The estimated fair value of the April 2022 Senior Convertible Note as of each of April 4, 2022 and June 30, 2022, were computed using a Monte Carlo simulation of the present value of its cash flows using a synthetic credit rating analysis and a required rate-of-return, using the following assumptions: Schedule of Fair Value Assumption Used April 2022 April 2022 Senior Convertible Note: Fair Value $ 30,100 $ 29,500 Face value principal payable $ 27,500 $ 27,500 Required rate of return 7.875 % 11.20 % Conversion Price $ 5.00 $ 5.00 Value of common stock $ 1.26 $ 0.94 Expected term (years) 2.00 1.76 Volatility 115.00 % 130.00 % Risk free rate 2.40 % 2.85 % Dividend yield — % — % The estimated fair values reported utilized the Company’s common stock price along with certain Level 3 inputs (as discussed above), in the development of Monte Carlo simulation models, discounted cash flow analyses, and /or Black-Scholes valuation models. The estimated fair values are subjective and are affected by changes in inputs to the valuation models /analyses, including the Company’s common stock price, the Company’s dividend yield, the risk-free rates based on U.S. Treasury security yields, and certain other Level-3 inputs including, assumptions regarding the estimated volatility in the value of the Company’s common stock price. Changes in these assumptions can materially affect the estimated fair values.

Debt

Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	Note 11 — Debt The Company entered into a Securities Purchase Agreement (“SPA”) dated March 31, 2022, with an accredited institutional investor (“Investor”, “Lender”, and /or “Holder”), wherein, the Company agreed to sell, and the Investor agreed to purchase an aggregate of $ 50.0 27.5 22.5 Under the SPA dated March 31, 2022, the Company issued a Senior Secured Convertible Note dated April 4, 2022, referred to herein as the “April 2022 Senior Convertible Note”, with such note having a $ 27.5 7.875 5.00 The April 2022 Senior Convertible Note proceeds were $ 25.0 2.5 601 450 During the period from April 4, 2022 to October 3, 2022, the Company is required to pay interest expense only (on the $ 27.5 7.875 523 181 Commencing October 4, 2022, and then on each of the successive first and tenth trading day of each month thereafter through to and including April 1, 2024 (each referred to as an “Installment Date”); and on the April 4, 2024 724 In addition to the Installment Amount repayments, the Holder may elect to accelerate the conversion of future Installment Amount repayments, and interest thereon, subject to certain restrictions, as defined, utilizing the then current conversion price of the most recent Installment Date conversion price. Subject to certain conditions being met or waived, from time to time, one or more additional closings may occur, for up to the remaining $ 22.5 Additionally, effective March 31, 2023, the Investor may by written notice elect to require the Company to issue additional notes of up to $ 22.5 (a) the outstanding principal amount of the April 2022 Senior Convertible Note (and any additional notes issued under the SPA dated March 31, 2022), accrued and unpaid interest thereon and accrued and unpaid late charges to (b) our average market capitalization over the prior ten trading days, to exceed 25%. If the Company does not issue the additional notes contemplated by any such written notice, or if the Investor is unable to deliver any such notice prior to March 31, 2024 as a result of the limitation described in the preceding sentence, then the Company will be obligated to pay up to a maximum of a $1.35 million a break-up fee Note 11 — Debt The payment of all amounts due and payable under the April 2022 Senior Convertible Note is guaranteed by the Company and its wholly-owned and majority-owned subsidiaries, except for Lucid Diagnostics Inc and its wholly-owned subsidiaries; and the obligations under the April 2022 Senior Convertible Note are secured by all of the assets of the Company and each guarantor, except only up to 9.99% of the shares of common stock of Lucid Diagnostics Inc. held by PAVmed Inc. are pledged to secure the indebtedness under the April 2022 Senior Convertible Note. The Company is subject to certain customary affirmative and negative covenants regarding the rank of the notes, along with the incurrence of further indebtedness, the existence of liens, the repayment of indebtedness and the making of investments, the payment of cash in respect of dividends, distributions or redemptions, the transfer of assets, the maturity of other indebtedness, and transactions with affiliates, among other customary matters. The Company is subject to financial covenants requiring: (i) a minimum of $8.0 million of available cash at all times; (ii) the ratio of (a) the outstanding principal amount of the April 2022 Senior Convertible Note, (and any additional notes issued under the SPA dated March 31, 2022), accrued and unpaid interest thereon and accrued and unpaid late charges to (b) the Company’s average market capitalization over the prior ten trading days, to not exceed 30% (the “Debt to Market Cap Ratio Test”); and (iii) the Company’s market capitalization to at no time be less than $75 million. (the “Market Cap Test” and, together with the Debt to Market Cap Ratio Test, the “Financial Tests”). The Company is currently in compliance with these financial covenants, although from time to time since the date of issuance of the April 2022 Senior Convertible Note through August 10, 2022 (including, in the case of the Debt to Market Cap Ratio Test, as of June 30, 2022), the Company was not in compliance with the Financial Tests. As of August 9, 2022, the Investor agreed to waive any such non-compliance during such aforementioned time periods, under each of the SPA dated March 31, 2022 and the April 2022 Senior Convertible Note. In connection with the waiver dated August 9, 2022, the Company and the Investor also amended the April 2022 Senior Convertible Note to permit the Investor to convert up to $ 5.0 5.00 82.5 0.18 subsequent to June 30, 2022, on August 10, 2022, approximately $ 2,882 6 3,000,867 5,462 The fair value and face value principal of outstanding of the April 2022 Senior Convertible Note as of June 30, 2022 is as follows: Summary of Outstanding Debt Contractual Maturity Date Stated Interest Rate Conversion Price per Share Face Value Principal Outstanding Fair Value April 2022 Senior Convertible Note April 4, 2024 7.875 % $ 5.00 $ 27,500 $ 29,500 Balance as of June 30, 2022 $ 27,500 $ 29,500 The Company did not have convertible debt outstanding at December 31, 2021. During the six month period ended June 30, 2021, the Company recognized debt extinguishment losses of approximately $ 3,715 The April 2022 Senior Convertible Note is accounted for under the ASC 825-10-15-4 fair value option (“FVO”) election, wherein, the financial instrument is initially measured at its issue-date estimated fair value and subsequently remeasured at estimated fair value on a recurring basis at each reporting period date with the resulting fair value adjustment recognized as other income (expense) in the (unaudited) condensed consolidated statement of operations. In this regard, as provided for by ASC 825-10-50-30(b), the estimated fair value adjustment is presented as a single line item within other income (expense) in the accompanying consolidated statement of operations. See Note 10, Financial Instruments Fair Value Measurements

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
Stock-Based Compensation	Note 12 — Stock-Based Compensation PAVmed Inc. 2014 Long-Term Incentive Equity Plan The PAVmed Inc. 2014 Long-Term Incentive Equity Plan (the “PAVmed Inc. 2014 Equity Plan”) is designed to enable PAVmed Inc. to offer employees, officers, directors, and consultants, as defined, an opportunity to acquire shares of common stock of PAVmed Inc. The types of awards that may be granted under the PAVmed Inc. 2014 Equity Plan include stock options, stock appreciation rights, restricted stock, and other stock-based awards subject to limitations under applicable law. All awards are subject to approval by the PAVmed Inc. board of directors. A total of 16,352,807 2,830,092 600,854 PAVmed Inc. Stock Options PAVmed Inc. stock options granted under the PAVmed Inc. Inc. 2014 Equity Plan and stock options granted outside such plan are summarized as follows: Schedule of Summarizes Information About Stock Options Number of Stock Options Weighted Average Exercise Price Remaining Contractual Term (Years) Intrinsic Value (2) Outstanding stock options at December 31, 2021 8,720,198 $ 3.39 6.8 $ 3,516 Granted (1) 4,219,350 $ 1.49 Exercised (299,999 ) $ 1.01 Forfeited (1,437,143 ) $ 3.04 Outstanding stock options at June 30, 2022 (3) 11,202,406 $ 2.79 7.9 $ 8 Vested and exercisable stock options at June 30, 2022 5,994,046 $ 3.07 6.5 $ 1 (1) Stock options granted under the PAVmed Inc. 2014 Equity Plan and those granted outside such plan generally vest ratably over twelve quarters, with the vesting commencing with the grant date quarter-end, and have a ten-year contractual term from date-of-grant. (2) The intrinsic value is computed as the difference between the quoted price of the PAVmed Inc. common stock on each of June 30, 2022 and December 31, 2021 and the exercise price of the underlying PAVmed Inc. stock options, to the extent such quoted price is greater than the exercise price. (3) The outstanding stock options presented in the table above, are inclusive of 500,854 PAVmed Inc. Restricted Stock Awards PAVmed Inc. restricted stock awards granted under the PAVmed Inc. 2014 Equity Plan and restricted stock awards granted outside such plan are summarized as follows: Schedule of Restricted Stock Award Activity Number of Restricted Stock Awards Weighted Average Grant Date Fair Value Unvested restricted stock awards as of December 31, 2021 1,666,666 $ 2.36 Granted — — Vested (541,666 ) 1.20 Forfeited (150,000 ) 2.04 Unvested restricted stock awards as of June 30, 2022 (1) 975,000 $ 3.05 (1) The unvested restricted stock awards presented in the table above, are inclusive of 100,000 Note 12 — Stock-Based Compensation Lucid Diagnostics Inc. 2018 Long-Term Incentive Equity Plan The Lucid Diagnostics Inc. 2018 Long-Term Incentive Equity Plan (“Lucid Diagnostics Inc. 2018 Equity Plan”) is separate and apart from the PAVmed Inc. 2014 Equity Plan discussed above. The Lucid Diagnostics Inc. 2018 Equity Plan is designed to enable Lucid Diagnostics Inc. to offer employees, officers, directors, and consultants, as defined, an opportunity to acquire shares of common stock of Lucid Diagnostics Inc. The types of awards that may be granted under the Lucid Diagnostics Inc. 2018 Equity Plan include stock options, stock appreciation rights, restricted stock, and other stock-based awards subject to limitations under applicable law. All awards are subject to approval by the Lucid Diagnostics Inc. board of directors. A total of 9,144,000 3,932,802 473,300 Lucid Diagnostics Inc. Stock Options Lucid Diagnostics Inc. stock options granted under the Lucid Diagnostics Inc. 2018 Equity Plan and stock options granted outside such plan are summarized as follows: Schedule of Summarizes Information About Stock Options Number of Stock Options Weighted Average Exercise Price Remaining Contractual Term (Years) Outstanding stock options at December 31, 2021 1,419,242 $ 0.73 7.0 Granted (1) 2,107,500 $ 3.82 Exercised (959,389 ) $ 0.72 Forfeited (107,687 ) $ 4.45 Outstanding stock options at June 30, 2022 (2) 2,459,666 $ 3.22 9.0 Vested and exercisable stock options at June 30, 2022 741,869 $ 1.90 7.4 (1) Stock options granted under the Lucid Diagnostics Inc. 2018 Equity Plan and those granted outside such plan generally vest ratably over twelve quarters, with the vesting commencing with the grant date quarter, and have a ten-year contractual term from date-of-grant. (2) The outstanding stock options presented in the table above, are inclusive of 423,300 Lucid Diagnostics Inc. Restricted Stock Awards Lucid Diagnostics Inc. restricted stock awards granted under the Lucid Diagnostics Inc. 2018 Equity Plan and restricted stock awards granted outside such plan are summarized as follows: Schedule of Restricted Stock Award Activity Number of Restricted Stock Awards Weighted Average Grant Date Fair Value Unvested restricted stock awards as of December 31, 2021 1,940,740 $ 12.76 Granted 320,000 4.53 Vested — — Forfeited — — Unvested restricted stock awards as of June 30, 2022 (1) 2,260,740 $ 11.59 (1) The unvested restricted stock awards presented in the table above, are inclusive of 50,000 On January 7, 2022, 320,000 restricted stock awards having a single vesting date on January 7, 2025 1.4 Note 12 — Stock-Based Compensation Consolidated Stock-Based Compensation Expense The consolidated stock-based compensation expense recognized by each of PAVmed Inc. and Lucid Diagnostics Inc. for both the PAVmed Inc. 2014 Equity Plan and the Lucid Diagnostics Inc. 2018 Equity Plan, with respect to stock options and restricted stock awards as discussed above, for the periods indicated, was as follows: Schedule of Stock-Based Compensation Awards Granted Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Sales and marketing expenses $ 591 $ 298 $ 1,216 $ 500 General and administrative expenses 4,162 4,599 8,164 5,722 Research and development expenses 254 306 440 417 Total stock-based compensation expense $ 5,007 $ 5,203 $ 9,820 $ 6,639 Stock-Based Compensation Expense Recognized by Lucid Diagnostics Inc. As noted, the consolidated stock-based compensation expense presented above is inclusive of stock-based compensation expense recognized by Lucid Diagnostics Inc., inclusive of each of: stock options granted under the PAVmed Inc. 2014 Equity Plan to the three physician inventors of the intellectual property underlying the CWRU License Agreement (“Physician Inventors”) (as discussed above in Note 4, Related Party Transactions Schedule of Stock-Based Compensation Expense Classified in Research and Development Expenses Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Lucid Diagnostics Inc 2018 Equity Plan – sales and marketing expenses $ 215 $ — $ 480 $ — Lucid Diagnostics Inc 2018 Equity Plan – general and administrative expenses 3,313 2,505 6,514 3,295 Lucid Diagnostics Inc 2018 Equity Plan – research and development expenses 26 22 97 34 PAVmed Inc 2014 Equity Plan - sales and marketing expenses 161 — 336 — PAVmed Inc 2014 Equity Plan - general and administrative expenses 77 — 145 — PAVmed Inc 2014 Equity Plan - research and development expenses 52 53 107 56 Total stock-based compensation expense – recognized by Lucid Diagnostics Inc $ 3,844 $ 2,580 $ 7,679 $ 3,385 The consolidated unrecognized stock-based compensation expense and weighted average remaining requisite service period with respect to stock options and restricted stock awards issued under each of the PAVmed Inc. 2014 Equity Plan and the Lucid Diagnostics Inc. 2018 Equity Plan, as discussed above, is as follows: Schedule of Unrecognized Compensation Expense Unrecognized Expense Weighted Average Remaining Service Period (Years) PAVmed Inc. 2014 Equity Plan Stock Options $ 9,127 2.3 Restricted Stock Awards $ 1,510 1.2 Lucid Diagnostics Inc. 2018 Equity Plan Stock Options $ 4,030 2.6 Restricted Stock Awards $ 10,873 1.0 Note 12 — Stock-Based Compensation Stock-based compensation expense recognized with respect to stock options granted under the PAVmed Inc. 2014 Equity Plan was based on a weighted average estimated fair value of such stock options of $0.74 per share and $3.32 per share during the periods ended June 30, 2022 and 2021, respectively, calculated using the following weighted average Black-Scholes valuation model assumptions: Schedule of Fair Values of Stock Options Granted Using Black-scholes Valuation Model Assumptions Six Months Ended June 30, 2022 2021 Expected term of stock options (in years) 5.8 5.6 Expected stock price volatility 84.0 % 75.0 % Risk free interest rate 3.0 % 1.0 % Expected dividend yield — % — % Stock-based compensation expense recognized with respect to stock options granted under the Lucid Diagnostics Inc. 2018 Equity Plan was based on a weighted average estimated fair value of such stock options of $ 1.48 Schedule of Fair Values of Stock Options Granted Using Black-scholes Valuation Model Assumptions Six Months Ended June 30, 2022 Expected term of stock options (in years) 5.7 Expected stock price volatility 71.0 % Risk free interest rate 3.0 % Expected dividend yield — % PAVmed Inc. Employee Stock Purchase Plan (“ESPP”) A total of 194,240 203,480 217 304 1,750,000 931,841 Lucid Diagnostics, Inc Employee Stock Purchase Plan (“ESPP”) The Lucid Diagnostics Inc Employee Stock Purchase Plan (“Lucid Diagnostics Inc ESPP”), initial six-month stock purchase period is April 1, 2022 to September 30, 2022. The Lucid Diagnostics Inc. ESPP share purchase dates are March 31 and September 30. The Lucid Diagnostics Inc. ESPP has a total reservation of 500,000

Preferred Stock

Preferred Stock	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Preferred Stock	Note 13 — Preferred Stock The Series B Convertible Preferred Stock dividends are 8.0 3.00 68 70 75 74 The Series B Convertible Preferred Stock dividends are recognized as a dividend payable only upon the dividend being declared payable by the Company’s board of directors. In this regard, in the six months ended June 30, 2022, the Company’s board-of-directors declared Series B Convertible Preferred Stock dividends of an aggregate of approximately $ 135 67 68 45,031 22,291 22,740 148 73 75 49,244 24,198 25,046 Subsequent to June 30, 2022, in July 2022, the Company’s board-of-directors declared a Series B Convertible Preferred Stock dividend earned as of June 30, 2022 and payable as of July 1, 2022, of approximately $ 70 23,196

Common Stock and Common Stock P

Common Stock and Common Stock Purchase Warrants	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Common Stock and Common Stock Purchase Warrants	Note 14 — Common Stock and Common Stock Purchase Warrants Common Stock In June 2022, the Company received shareholder approval to issue up to 250 100 During the six months ended June 30, 2022, 299,999 302 194,240 Stock-Based Compensation Common Stock Purchase Warrants As of June 30, 2022 and December 31, 2021, Series Z Warrants outstanding totaled 11,937,450 11,937,455 1.60 April 30, 2024 5 1.60 As of December 31, 2021, Series W Warrants outstanding totaled 377,873 377,873 January 29, 2022

Noncontrolling Interest

Noncontrolling Interest	6 Months Ended
	Jun. 30, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interest	Note 15 — Noncontrolling Interest The noncontrolling interest (“NCI”) included as a component of consolidated total stockholders’ equity is summarized for the periods indicated as follows: Schedule of Noncontrolling Interest of Stockholders' Equity June 30, 2022 December 31, 2021 NCI – equity (deficit) – beginning of period $ 17,752 $ (2,369 ) Investment in Veris Health Inc. — 6 Net loss attributable to NCI - Lucid Diagnostics Inc. (5,711 ) (5,779 ) Net loss attributable to NCI – Solys Diagnostics Inc. (6 ) — Net loss attributable to NCI – Veris Health Inc. (620 ) — Impact of subsidiary equity transactions 229 16,760 Lucid Diagnostics Inc. 2018 Equity Plan stock option exercise 688 — Stock-based compensation expense - Lucid Diagnostics Inc. 2018 Equity Plan 7,091 9,134 Stock-based compensation expense - Veris Health Inc. 2021 Equity Plan 3 — NCI – equity (deficit) – end of period $ 19,426 $ 17,752 The consolidated NCI presented above is with respect to the Company’s consolidated majority-owned subsidiaries, inclusive of: Lucid Diagnostics Inc., Veris Health Inc. and Solys Diagnostics Inc., as a component of consolidated total stockholders’ equity as of June 30, 2022 and December 31, 2021; and the recognition of a net loss attributable to the NCI in the unaudited condensed consolidated statement of operations with respect to Lucid Diagnostics Inc. and Solys Diagnostics Inc. for the three and six months ended June 30, 2022 and 2021; and with respect to Veris Health Inc. for the three and six months ended June 30, 2022 and from the period of May 28, 2021 to June 30, 2021 (as the Veris Health Inc. inception date was May 28, 2021). Lucid Diagnostics Inc. As of June 30, 2022, there were 35,171,796 27,927,190 On March 28, 2022, Lucid Diagnostics, Inc. entered into a committed equity facility with an affiliate of Cantor Fitzgerald (“Cantor”). Under the terms of the committed equity facility, Cantor has committed to purchase up to $ 50 no 308,152 927 Veris Health Inc. As of June 30, 2022, there were 8,000,000 80.44 19.56 Solys Diagnostics Inc. As of each of June30, 2022 and December 31, 2021, there were 9,189,190 90.3235 9.6765

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Net Loss Per Share	Note 16 — Net Loss Per Share The respective “Net loss per share - attributable to PAVmed Inc. - basic and diluted” and “Net loss per share - attributable to PAVmed Inc. common stockholders - basic and diluted” - for the periods indicated - is as follows: Schedule of Comparison of Basic and Fully Diluted Net Loss Per Share Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator Net loss - before noncontrolling interest $ (29,101 ) $ (12,670 ) $ (48,734 ) $ (22,779 ) Net loss attributable to noncontrolling interest 3,576 1,199 6,337 1,877 Net loss - as reported, attributable to PAVmed Inc. $ (25,525 ) $ (11,471 ) $ (42,397 ) $ (20,902 ) Series B Convertible Preferred Stock dividends – earned $ (70 ) $ (74 ) $ (138 ) $ (149 ) Net loss attributable to PAVmed Inc. common stockholders $ (25,595 ) $ (11,545 ) $ (42,535 ) $ (21,051 ) Denominator Weighted average common shares outstanding, basic and diluted 86,957,352 82,235,397 86,689,857 78,117,637 Loss per share Basic and diluted Net loss - as reported, attributable to PAVmed Inc. $ (0.29 ) $ (0.14 ) $ (0.49 ) $ (0.27 ) Net loss attributable to PAVmed Inc. common stockholders $ (0.29 ) $ (0.14 ) $ (0.49 ) $ (0.27 ) The common stock equivalents have been excluded from the computation of diluted weighted average shares outstanding as their inclusion would be anti-dilutive, are as follows: The Series B Convertible Preferred Stock dividends earned as of the each of the respective periods noted, are included in the calculation of basic and diluted net loss attributable to PAVmed Inc. common stockholders for each respective period presented. Notwithstanding, the Series B Convertible Preferred Stock dividends are recognized as a dividend payable only upon the dividend being declared payable by the Company’s board of directors. Basic weighted-average number of shares of common stock outstanding for the periods ended June 30, 2022 and 2021 include the shares of the Company issued and outstanding during such periods, each on a weighted average basis. The basic weighted average number of shares of common stock outstanding excludes common stock equivalent incremental shares, while diluted weighted average number of shares outstanding includes such incremental shares. However, as the Company was in a loss position for all periods presented, basic and diluted weighted average shares outstanding are the same, as the inclusion of the incremental shares would be anti-dilutive. The common stock equivalents excluded from the computation of diluted weighted average shares outstanding are as follows: Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share 2022 2021 June 30, 2022 2021 Stock options and restricted stock awards 12,177,406 10,573,530 Series Z Warrants 11,937,450 15,074,281 Series W Warrants — 381,818 Series B Convertible Preferred Stock 1,158,950 1,185,685 Total 25,273,806 27,215,314 The total stock options and restricted stock awards are inclusive of 500,854 100,000

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies The Company’s significant accounting policies are as disclosed in the Company’s annual report on Form 10-K for the year ended December 31, 2021 as filed with the SEC on April 6, 2022, except as otherwise noted herein below.
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of PAVmed Inc. and Subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and applicable rules and regulations of the United States Securities and Exchange Commission (“SEC”), and include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation. The Company holds a majority-ownership interest and has controlling financial interest in each of: Lucid Diagnostics Inc., Veris Health Inc., and Solys Diagnostics Inc., with the corresponding noncontrolling interest included as a separate component of consolidated stockholders’ equity (deficit), including the recognition in the unaudited condensed consolidated statement of operations of a net loss attributable to the noncontrolling interest based on the respective minority-interest equity ownership of each majority-owned subsidiary. See Note 15, Noncontrolling Interest All amounts in the accompanying unaudited condensed consolidated financial statements and these notes thereto are presented in thousands of dollars, if not otherwise noted as being presented in millions of dollars, except for shares and per share amounts.
Use of Estimates	Use of Estimates In preparing the unaudited condensed consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and the determination of corresponding carrying value reserve, if any, and liabilities and the disclosure of contingent losses, as of the date of the consolidated financial statements, as well as the reported amounts of revenue and expenses during the reporting period. Significant estimates in these (unaudited) condensed consolidated financial statements include those related to the estimated fair value of debt obligations, stock-based equity awards, intangible assets, and common stock purchase warrants. Other significant estimates include the estimated incremental borrowing rate, the provision or benefit for income taxes and the corresponding valuation allowance on deferred tax assets. Additionally, management’s assessment of the Company’s ability to continue as a going concern involves the estimation of the amount and timing of future cash inflows and outflows. On an ongoing basis, the Company evaluates its estimates and assumptions. The Company bases its estimates on historical experience and on various other assumptions believed to be reasonable. Due to inherent uncertainty involved in making estimates, actual results reported in future periods may be affected by changes in these estimates. Note 2 — Summary of Significant Accounting Policies Significant Accounting Policies
Leases	Leases The Company adopted FASB ASC Topic 842, Leases All significant lease agreements and contractual agreements with embedded lease agreements are accounted for under the provisions of ASC 842, wherein, if the contractual arrangement: involves the use of a distinct identified asset; provides for the right to substantially all the economic benefits from the use of the asset throughout the contractual period; and provides for the right to direct the use of the asset. A lease agreement is accounted for as either a finance lease (generally with respect real estate) or an operating lease (generally with respect to equipment). Under both a finance lease and an operating lease, the Company recognizes as of the lease commencement date a lease right-of-use (“ROU”) asset and a corresponding lease payment liability. A lease ROU asset represents the Company’s right to use an underlying asset for the lease term, and the lease liability represents its contractual obligation to make lease payments. The lease ROU asset is measured at the lease commencement date as the present value of the future lease payments plus initial direct costs incurred. The Company recognizes lease expense of the amortization of the lease ROU asset for an operating lease on a straight-line basis over the lease term; and for financing leases on a straight-line basis unless another basis is more representative of the pattern of economic benefit. The operating ROU asset also includes any lease incentives received for improvements to leased property, when the improvements are lessee-owned. Improvements to leased property that are lessor-owned, the Company includes amounts the Company incurred for the improvements as ROU assets which are amortized on a straight-line basis over the life of the lease. The lease liability is measured at the lease commencement date with the discount rate generally based on the Company’s incremental borrowing rate (to the extent the lease implicit rate is not known nor determinable), with interest expense recognized using the interest method for financing leases. Certain leases may include options to extend or terminate the agreement. The Company does not assume renewals in determination of the lease term unless the renewals are deemed to be reasonably certain at lease commencement. As well, an option to terminate is considered unless it is reasonably certain the Company will not exercise the option. The Company elected the practical expedient to not recognize a lease ROU asset and lease payment liability for leases with a term of twelve months or less (“short-term leases”), resulting in the aggregate lease payments being recognized on a straight line basis over the lease term. The Company’s leases with a commencement date prior to January 1, 2022 were short-term leases and therefore did not require recording a ROU asset or lease liability at December 31, 2021. Additionally, the Company elected the practical expedient to not separate lease and non-lease components. Note 2 — Summary of Significant Accounting Policies and Recent Accounting Standards Updates Significant Accounting Policies
Fair Value Option (“FVO”) Election	Fair Value Option (“FVO”) Election Under a Securities Purchase Agreement dated March 31, 2022, the Company issued a Senior Secured Convertible Note dated April 4, 2022 - referred to herein as the “April 2022 Senior Convertible Note” - which is accounted under the “fair value option election” as discussed below. Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 815, Derivative and Hedging Alternatively, FASB ASC Topic 825, Financial Instruments See Note 10, Financial Instruments Fair Value Measurements Debt

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Schedule of Incurred Expenses of Minority Shareholders	Case Western Reserve University (“CWRU”) and each of the three physician inventors (“Physician Inventors”) of the intellectual property licensed under the amended and restated patent license agreement with CWRU, dated August 23, 2021 (the “Amended CWRU License Agreement”), each hold a minority equity ownership interest in Lucid Diagnostics Inc. The expenses incurred with respect to the Amended CWRU License Agreement and the three Physician Inventors, as classified in the accompanying consolidated statement of operations for the periods indicated are summarized as follows: Schedule of Incurred Expenses of Minority Shareholders 2022 2021 2022 2021 Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Cost of Revenue CWRU – Royalty Fee $ — $ — $ 9 $ — General and Administrative Expense Stock-based compensation expense – Physician Inventors’ restricted stock awards 272 273 544 364 Research and Development Expense Amended CWRU License Agreement - reimbursement of patent legal fees 209 113 209 113 Fees - Physician Inventors’ consulting agreements 10 1 18 14 Sponsored research agreement — — 3 — Stock-based compensation expense – Physician Inventors’ stock options 52 52 99 58 Total Related Party Expenses $ 543 $ 439 $ 882 $ 549

Prepaid Expenses, Deposits, a_2

Prepaid Expenses, Deposits, and Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Prepaid Expenses Deposits And Other Current Assets
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following as of: Schedule of Prepaid Expenses and Other Current Assets June 30, 2022 December 31, 2021 Advanced payments to service providers and suppliers $ 834 $ 808 Prepaid insurance 1,156 1,856 Deposits 3,317 1,989 EsoCheck cell collection supplies 215 434 EsoGuard mailer supplies 65 59 CarpX devices 75 33 Total prepaid expenses, deposits and other current assets $ 5,662 $ 5,179

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases
Schedule of future minimum lease payments for capital leases	The Company’s future lease payments as of June 30, 2022, which are presented as operating lease liabilities, current portion and operating lease liabilities, less current portion on the Company’s unaudited condensed consolidated balance sheets are as follows: Schedule of future minimum lease payments for capital leases 2022 (remainder of year) $ 562 2023 1,175 2024 1,139 2025 272 2026 272 Thereafter 132 Total lease payments $ 3,552 Less: imputed interest (426 ) Present value of lease liabilities $ 3,126
Schedule of Supplemental Balance Sheet Information Related to Cash and Non-cash Activities with Leases	Supplemental disclosure of cash flow information related to the Company’s cash and non-cash activities with its leases are as follows: Schedule of Supplemental Balance Sheet Information Related to Cash and Non-cash Activities with Leases 2022 2021 Six Months Ended June 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 483 $ — Non-cash investing and financing activities Right-of-use assets obtained in exchange for new operating lease liabilities $ 3,633 $ — Weighted-average remaining lease term - operating leases (in years) 3.31 — Weighted-average discount rate - operating leases 7.875 % — %

Intangible Assets, net (Tables)

Intangible Assets, net (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets Accumulated Amortization	Intangible assets, less accumulated amortization, consisted of the following as of: Schedule of Intangible Assets Accumulated Amortization Estimated Useful Life June 30, 2022 December 31, 2021 Defensive asset 60 months $ 2,105 $ 2,105 Laboratory licenses and certifications and laboratory information management software (“LIMSDx”) 24 months 3,200 --- Other 1 year 70 70 Total Intangible assets 5,375 2,175 Less Accumulated Amortization (919 ) (146 ) Intangible Assets, net $ 4,456 $ 2,029
Schedule of Estimated Amortization Expense for Intangible Assets	Schedule of Estimated Amortization Expense for Intangible Assets 2022 (remainder of year) $ 1,010 2023 2,021 2024 688 2025 421 2026 316 Total $ 4,456

Financial Instruments Fair Va_2

Financial Instruments Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis	The fair value hierarchy table for the reporting date noted is as follows: Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis Fair Value Measurement on a Recurring Basis at Reporting Date Using (1) Level-1 Inputs Level-2 Inputs Level-3 Inputs Total June 30, 2022 Senior Secured Convertible Note - April 2022 $ — $ — $ 29,500 $ 29,500 Totals $ — $ — $ 29,500 $ 29,500 (1) As noted above, as presented in the fair value hierarchy table, Level-1 represents quoted prices in active markets for identical items, Level-2 represents significant other observable inputs, and Level-3 represents significant unobservable inputs. There were no transfers between the respective Levels during the period ended June 30, 2022.
Schedule of Fair Value Assumption Used	The estimated fair value of the April 2022 Senior Convertible Note as of each of April 4, 2022 and June 30, 2022, were computed using a Monte Carlo simulation of the present value of its cash flows using a synthetic credit rating analysis and a required rate-of-return, using the following assumptions: Schedule of Fair Value Assumption Used April 2022 April 2022 Senior Convertible Note: Fair Value $ 30,100 $ 29,500 Face value principal payable $ 27,500 $ 27,500 Required rate of return 7.875 % 11.20 % Conversion Price $ 5.00 $ 5.00 Value of common stock $ 1.26 $ 0.94 Expected term (years) 2.00 1.76 Volatility 115.00 % 130.00 % Risk free rate 2.40 % 2.85 % Dividend yield — % — %

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The fair value and face value principal of outstanding of the April 2022 Senior Convertible Note as of June 30, 2022 is as follows: Summary of Outstanding Debt Contractual Maturity Date Stated Interest Rate Conversion Price per Share Face Value Principal Outstanding Fair Value April 2022 Senior Convertible Note April 4, 2024 7.875 % $ 5.00 $ 27,500 $ 29,500 Balance as of June 30, 2022 $ 27,500 $ 29,500

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of Stock-Based Compensation Awards Granted	The consolidated stock-based compensation expense recognized by each of PAVmed Inc. and Lucid Diagnostics Inc. for both the PAVmed Inc. 2014 Equity Plan and the Lucid Diagnostics Inc. 2018 Equity Plan, with respect to stock options and restricted stock awards as discussed above, for the periods indicated, was as follows: Schedule of Stock-Based Compensation Awards Granted Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Sales and marketing expenses $ 591 $ 298 $ 1,216 $ 500 General and administrative expenses 4,162 4,599 8,164 5,722 Research and development expenses 254 306 440 417 Total stock-based compensation expense $ 5,007 $ 5,203 $ 9,820 $ 6,639
Schedule of Stock-Based Compensation Expense Classified in Research and Development Expenses	Schedule of Stock-Based Compensation Expense Classified in Research and Development Expenses Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Lucid Diagnostics Inc 2018 Equity Plan – sales and marketing expenses $ 215 $ — $ 480 $ — Lucid Diagnostics Inc 2018 Equity Plan – general and administrative expenses 3,313 2,505 6,514 3,295 Lucid Diagnostics Inc 2018 Equity Plan – research and development expenses 26 22 97 34 PAVmed Inc 2014 Equity Plan - sales and marketing expenses 161 — 336 — PAVmed Inc 2014 Equity Plan - general and administrative expenses 77 — 145 — PAVmed Inc 2014 Equity Plan - research and development expenses 52 53 107 56 Total stock-based compensation expense – recognized by Lucid Diagnostics Inc $ 3,844 $ 2,580 $ 7,679 $ 3,385
Schedule of Unrecognized Compensation Expense	The consolidated unrecognized stock-based compensation expense and weighted average remaining requisite service period with respect to stock options and restricted stock awards issued under each of the PAVmed Inc. 2014 Equity Plan and the Lucid Diagnostics Inc. 2018 Equity Plan, as discussed above, is as follows: Schedule of Unrecognized Compensation Expense Unrecognized Expense Weighted Average Remaining Service Period (Years) PAVmed Inc. 2014 Equity Plan Stock Options $ 9,127 2.3 Restricted Stock Awards $ 1,510 1.2 Lucid Diagnostics Inc. 2018 Equity Plan Stock Options $ 4,030 2.6 Restricted Stock Awards $ 10,873 1.0
2014 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of Summarizes Information About Stock Options	PAVmed Inc. stock options granted under the PAVmed Inc. Inc. 2014 Equity Plan and stock options granted outside such plan are summarized as follows: Schedule of Summarizes Information About Stock Options Number of Stock Options Weighted Average Exercise Price Remaining Contractual Term (Years) Intrinsic Value (2) Outstanding stock options at December 31, 2021 8,720,198 $ 3.39 6.8 $ 3,516 Granted (1) 4,219,350 $ 1.49 Exercised (299,999 ) $ 1.01 Forfeited (1,437,143 ) $ 3.04 Outstanding stock options at June 30, 2022 (3) 11,202,406 $ 2.79 7.9 $ 8 Vested and exercisable stock options at June 30, 2022 5,994,046 $ 3.07 6.5 $ 1 (1) Stock options granted under the PAVmed Inc. 2014 Equity Plan and those granted outside such plan generally vest ratably over twelve quarters, with the vesting commencing with the grant date quarter-end, and have a ten-year contractual term from date-of-grant. (2) The intrinsic value is computed as the difference between the quoted price of the PAVmed Inc. common stock on each of June 30, 2022 and December 31, 2021 and the exercise price of the underlying PAVmed Inc. stock options, to the extent such quoted price is greater than the exercise price. (3) The outstanding stock options presented in the table above, are inclusive of 500,854
Schedule of Restricted Stock Award Activity	PAVmed Inc. restricted stock awards granted under the PAVmed Inc. 2014 Equity Plan and restricted stock awards granted outside such plan are summarized as follows: Schedule of Restricted Stock Award Activity Number of Restricted Stock Awards Weighted Average Grant Date Fair Value Unvested restricted stock awards as of December 31, 2021 1,666,666 $ 2.36 Granted — — Vested (541,666 ) 1.20 Forfeited (150,000 ) 2.04 Unvested restricted stock awards as of June 30, 2022 (1) 975,000 $ 3.05 (1) The unvested restricted stock awards presented in the table above, are inclusive of 100,000
Schedule of Fair Values of Stock Options Granted Using Black-scholes Valuation Model Assumptions	Schedule of Fair Values of Stock Options Granted Using Black-scholes Valuation Model Assumptions Six Months Ended June 30, 2022 2021 Expected term of stock options (in years) 5.8 5.6 Expected stock price volatility 84.0 % 75.0 % Risk free interest rate 3.0 % 1.0 % Expected dividend yield — % — %
2018 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of Summarizes Information About Stock Options	Lucid Diagnostics Inc. stock options granted under the Lucid Diagnostics Inc. 2018 Equity Plan and stock options granted outside such plan are summarized as follows: Schedule of Summarizes Information About Stock Options Number of Stock Options Weighted Average Exercise Price Remaining Contractual Term (Years) Outstanding stock options at December 31, 2021 1,419,242 $ 0.73 7.0 Granted (1) 2,107,500 $ 3.82 Exercised (959,389 ) $ 0.72 Forfeited (107,687 ) $ 4.45 Outstanding stock options at June 30, 2022 (2) 2,459,666 $ 3.22 9.0 Vested and exercisable stock options at June 30, 2022 741,869 $ 1.90 7.4 (1) Stock options granted under the Lucid Diagnostics Inc. 2018 Equity Plan and those granted outside such plan generally vest ratably over twelve quarters, with the vesting commencing with the grant date quarter, and have a ten-year contractual term from date-of-grant. (2) The outstanding stock options presented in the table above, are inclusive of 423,300
Schedule of Restricted Stock Award Activity	Lucid Diagnostics Inc. restricted stock awards granted under the Lucid Diagnostics Inc. 2018 Equity Plan and restricted stock awards granted outside such plan are summarized as follows: Schedule of Restricted Stock Award Activity Number of Restricted Stock Awards Weighted Average Grant Date Fair Value Unvested restricted stock awards as of December 31, 2021 1,940,740 $ 12.76 Granted 320,000 4.53 Vested — — Forfeited — — Unvested restricted stock awards as of June 30, 2022 (1) 2,260,740 $ 11.59 (1) The unvested restricted stock awards presented in the table above, are inclusive of 50,000
Schedule of Fair Values of Stock Options Granted Using Black-scholes Valuation Model Assumptions	Schedule of Fair Values of Stock Options Granted Using Black-scholes Valuation Model Assumptions Six Months Ended June 30, 2022 Expected term of stock options (in years) 5.7 Expected stock price volatility 71.0 % Risk free interest rate 3.0 % Expected dividend yield — %

Noncontrolling Interest (Tables

Noncontrolling Interest (Tables)	6 Months Ended
	Jun. 30, 2022
Noncontrolling Interest [Abstract]
Schedule of Noncontrolling Interest of Stockholders' Equity	The noncontrolling interest (“NCI”) included as a component of consolidated total stockholders’ equity is summarized for the periods indicated as follows: Schedule of Noncontrolling Interest of Stockholders' Equity June 30, 2022 December 31, 2021 NCI – equity (deficit) – beginning of period $ 17,752 $ (2,369 ) Investment in Veris Health Inc. — 6 Net loss attributable to NCI - Lucid Diagnostics Inc. (5,711 ) (5,779 ) Net loss attributable to NCI – Solys Diagnostics Inc. (6 ) — Net loss attributable to NCI – Veris Health Inc. (620 ) — Impact of subsidiary equity transactions 229 16,760 Lucid Diagnostics Inc. 2018 Equity Plan stock option exercise 688 — Stock-based compensation expense - Lucid Diagnostics Inc. 2018 Equity Plan 7,091 9,134 Stock-based compensation expense - Veris Health Inc. 2021 Equity Plan 3 — NCI – equity (deficit) – end of period $ 19,426 $ 17,752

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Comparison of Basic and Fully Diluted Net Loss Per Share	The respective “Net loss per share - attributable to PAVmed Inc. - basic and diluted” and “Net loss per share - attributable to PAVmed Inc. common stockholders - basic and diluted” - for the periods indicated - is as follows: Schedule of Comparison of Basic and Fully Diluted Net Loss Per Share Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator Net loss - before noncontrolling interest $ (29,101 ) $ (12,670 ) $ (48,734 ) $ (22,779 ) Net loss attributable to noncontrolling interest 3,576 1,199 6,337 1,877 Net loss - as reported, attributable to PAVmed Inc. $ (25,525 ) $ (11,471 ) $ (42,397 ) $ (20,902 ) Series B Convertible Preferred Stock dividends – earned $ (70 ) $ (74 ) $ (138 ) $ (149 ) Net loss attributable to PAVmed Inc. common stockholders $ (25,595 ) $ (11,545 ) $ (42,535 ) $ (21,051 ) Denominator Weighted average common shares outstanding, basic and diluted 86,957,352 82,235,397 86,689,857 78,117,637 Loss per share Basic and diluted Net loss - as reported, attributable to PAVmed Inc. $ (0.29 ) $ (0.14 ) $ (0.49 ) $ (0.27 ) Net loss attributable to PAVmed Inc. common stockholders $ (0.29 ) $ (0.14 ) $ (0.49 ) $ (0.27 )
Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share	Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share 2022 2021 June 30, 2022 2021 Stock options and restricted stock awards 12,177,406 10,573,530 Series Z Warrants 11,937,450 15,074,281 Series W Warrants — 381,818 Series B Convertible Preferred Stock 1,158,950 1,185,685 Total 25,273,806 27,215,314

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue			$ 189
Monthly fees			100
Cost of revenue			$ 369

Schedule of Incurred Expenses o

Schedule of Incurred Expenses of Minority Shareholders (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Cost of Revenue
CWRU – Royalty Fee			$ 369
Research and Development Expense
Total Related Party Expenses	543	439	882	549
General and Administrative Expense [Member]
General and Administrative Expense
Stock-based compensation expense – Physician Inventors’ stock options	272	273	544	364
Research and Development Expense [Member]
General and Administrative Expense
Stock-based compensation expense – Physician Inventors’ stock options	52	52	99	58
Research and Development Expense
Amended CWRU License Agreement - reimbursement of patent legal fees	209	113	209	113
Fees - Physician Inventors’ consulting agreements	10	1	18	14
Sponsored research agreement			3
Royalty [Member]
Cost of Revenue
CWRU – Royalty Fee			$ 9

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
General and administrative expense	$ 11,839	$ 6,837	$ 21,436	$ 10,211
Consulting Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
General and administrative expense	$ 13		$ 37
Consulting Agreement [Member] | Board of Directors Chairman [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
General and administrative expense		$ 8		$ 14

Asset Purchase Agreement and _2

Asset Purchase Agreement and Management Services Agreement (Details Narrative) - USD ($)		3 Months Ended	6 Months Ended
	Feb. 25, 2022	Jun. 30, 2022	Jun. 30, 2022	Aug. 15, 2022
Asset Purchase Agreement [Member] | Research DX Inc [Member]
Asset Acquisition [Line Items]
Purchase price consideration	$ 3,200
Intangible asset	3,200
Cash	$ 2,200
Asset Purchase Agreement [Member] | Research DX Inc [Member] | Subsequent Event [Member]
Asset Acquisition [Line Items]
Cash				$ 1,000
Purchase Asset Agreement [Member] | Research DX Inc [Member]
Asset Acquisition [Line Items]
Installment payments			$ 3,000,000
Issuance of shares of common stock		117,371	117,371
Purchase price consideration estimated fair value			$ 239,000
Management Services Agreement [Member]
Asset Acquisition [Line Items]
Agreement term	3 years
Intial services fee	$ 150,000

Schedule of Prepaid Expenses an

Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Prepaid Expenses Deposits And Other Current Assets
Advanced payments to service providers and suppliers	$ 834	$ 808
Prepaid insurance	1,156	1,856
Deposits	3,317	1,989
EsoCheck cell collection supplies	215	434
EsoGuard mailer supplies	65	59
CarpX devices	75	33
Total prepaid expenses, deposits and other current assets	$ 5,662	$ 5,179

Schedule of future minimum leas

Schedule of future minimum lease payments for capital leases (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Leases
2022 (remainder of year)	$ 562
2023	1,175
2024	1,139
2025	272
2026	272
Thereafter	132
Total lease payments	3,552
Less: imputed interest	(426)
Present value of lease liabilities	$ 3,126

Schedule of Supplemental Balanc

Schedule of Supplemental Balance Sheet Information Related to Cash and Non-cash Activities with Leases (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leases
Operating cash flows from operating leases	$ 483
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 3,633
Weighted-average remaining lease term - operating leases (in years)	3 years 3 months 21 days
Weighted-average discount rate - operating leases	7.875%

Leases (Details Narrative)

Leases (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Leases
Operating lease, right-of-use assets	$ 3,205
Operating lease obligations	3,126
Operating lease, liability, current	943
Operating lease liability noncurrent	$ 2,183

Schedule of Intangible Assets A

Schedule of Intangible Assets Accumulated Amortization (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Impairment Effects on Earnings Per Share [Line Items]
Total Intangible assets	$ 5,375	$ 2,175
Less Accumulated Amortization	(919)	(146)
Total Intangible Assets, net	$ 4,456	2,029
Defensive Asset [Member]
Impairment Effects on Earnings Per Share [Line Items]
Finite lived intangible asset, useful life	60 months
Total Intangible assets	$ 2,105	2,105
Laboratory Information Management Software [Member]
Impairment Effects on Earnings Per Share [Line Items]
Finite lived intangible asset, useful life	24 months
Total Intangible assets	$ 3,200
Other Infinite Lived Intangible Asset [Member]
Impairment Effects on Earnings Per Share [Line Items]
Finite lived intangible asset, useful life	1 year
Total Intangible assets	$ 70	$ 70

Schedule of Estimated Amortizat

Schedule of Estimated Amortization Expense for Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2022 (remainder of year)	$ 1,010
2023	2,021
2024	688
2025	421
2026	316
Total	$ 4,456	$ 2,029

Intangible Assets, net (Details

Intangible Assets, net (Details Narrative) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Oct. 05, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Impairment Effects on Earnings Per Share [Line Items]
Amortization of intangible assets		$ 650	$ 6	$ 773	$ 6
Defensive Technology [Member]
Impairment Effects on Earnings Per Share [Line Items]
Finite-Lived Intangible Asset, Useful Life				60 months
Defensive Technology [Member] | Cap Nostics LLC [Member]
Impairment Effects on Earnings Per Share [Line Items]
Asset Acquisition, Consideration Transferred	$ 2,100

Commitment and Contingencies (D

Commitment and Contingencies (Details Narrative) $ in Thousands	Nov. 02, 2020 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Court in excess	$ 450

Schedule of Financial Liabiliti

Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis (Details) $ in Thousands	Jun. 30, 2022 USD ($)	[1]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of liability	$ 29,500
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of liability
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of liability
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of liability	29,500
April 2022 Senior Secured Convertible Note [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of liability	29,500
April 2022 Senior Secured Convertible Note [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of liability
April 2022 Senior Secured Convertible Note [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of liability
April 2022 Senior Secured Convertible Note [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of liability	$ 29,500
[1]As noted above, as presented in the fair value hierarchy table, Level-1 represents quoted prices in active markets for identical items, Level-2 represents significant other observable inputs, and Level-3 represents significant unobservable inputs. There were no transfers between the respective Levels during the period ended June 30, 2022.

Schedule of Fair Value Assumpti

Schedule of Fair Value Assumption Used (Details) $ in Thousands		6 Months Ended
	Apr. 04, 2022 USD ($)	Jun. 30, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value		$ 29,500
Face value principal payable	$ 27,500	27,500
April 2022 Senior Secured Convertible Note [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	30,100	29,500
Face value principal payable	$ 27,500	$ 27,500
Expected term years	2 years	1 year 9 months 3 days
April 2022 Senior Secured Convertible Note [Member] | Measurement Input Required Rate Of Return [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value assumption measurement input	7.875	11.20
April 2022 Senior Secured Convertible Note [Member] | Measurement Input, Conversion Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value assumption measurement input	5	5
April 2022 Senior Secured Convertible Note [Member] | Measurement Input, Share Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value assumption measurement input	1.26	0.94
April 2022 Senior Secured Convertible Note [Member] | Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value assumption measurement input	115	130
April 2022 Senior Secured Convertible Note [Member] | Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value assumption measurement input	2.40	2.85
April 2022 Senior Secured Convertible Note [Member] | Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value assumption measurement input

Financial Instruments Fair Va_3

Financial Instruments Fair Value Measurements (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2022	Apr. 04, 2022
Fair Value Disclosures [Abstract]
Debt Instrument, Face Amount	$ 27,500	$ 27,500

Summary of Outstanding Debt (De

Summary of Outstanding Debt (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2022	Apr. 04, 2022
Short-Term Debt [Line Items]
Face Value Principal Outstanding	$ 27,500	$ 27,500
Fair Value	$ 29,500
April 2022 Senior Convertible Note [Member]
Short-Term Debt [Line Items]
Maturity Date	Apr. 04, 2024
Stated Interest Rate	7.875%
Conversion Price	$ 5
Face Value Principal Outstanding	$ 27,500
Fair Value	$ 29,500

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)

1 Months Ended

3 Months Ended

6 Months Ended

Mar. 31, 2023

Oct. 04, 2022

Aug. 10, 2022

Apr. 04, 2022

Mar. 31, 2022

Aug. 10, 2022

Jun. 30, 2022

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2022

Jun. 30, 2021

Oct. 03, 2022

Aug. 09, 2022

Short-Term Debt [Line Items]

Face value principal payable

$ 27,500,000

$ 27,500,000

$ 27,500,000

$ 27,500,000

Interest expense

523,000

523,000

Repayment of convertible debt

14,816,000

Debt instrument fair value

29,500,000

29,500,000

29,500,000

Debt extinguishment loss

$ 3,715,000

April 2022 Senior Convertible Note [Member]

Short-Term Debt [Line Items]

Face value principal payable

$ 27,500,000

$ 27,500,000

$ 27,500,000

Debt instrument stated percentage

7.875%

7.875%

7.875%

Debt instrument conversion price per share

$ 5

$ 5

$ 5

Debt instrument maturity date

Apr. 04, 2024

Debt instrument fair value

$ 29,500,000

$ 29,500,000

$ 29,500,000

Investor [Member]

Short-Term Debt [Line Items]

Debt instrument stated percentage

82.50%

Debt instrument conversion price per share

$ 5

Sale of Stock, Price Per Share

$ 0.18

Repayment of convertible debt

$ 2,882,000

Debt instrument interest expense

$ 6,000

Issuance of common stock share

3,000,867

3,000,867

Debt instrument fair value

$ 5,462,000

$ 5,462,000

Investor [Member] | Senior Convertible Note [Member] | Maximum [Member]

Short-Term Debt [Line Items]

Face value principal payable

$ 5,000,000

Securities Purchase Agreement [Member]

Short-Term Debt [Line Items]

Interest expense

$ 523

Securities Purchase Agreement [Member] | Subsequent Event [Member]

Short-Term Debt [Line Items]

Face value principal payable

$ 27,500,000

Debt instrument stated percentage

7.875%

Interest expense

$ 181

Debt instrument maturity date

Apr. 04, 2024

Principal repayment

$ 724

Securities Purchase Agreement [Member] | April 2022 Senior Convertible Note [Member]

Short-Term Debt [Line Items]

Face value principal payable

$ 27,500,000

Debt instrument stated percentage

7.875%

Debt instrument conversion price per share

$ 5

Deb instrument description

The Company is subject to financial covenants requiring: (i) a minimum of $8.0 million of available cash at all times; (ii) the ratio of (a) the outstanding principal amount of the April 2022 Senior Convertible Note, (and any additional notes issued under the SPA dated March 31, 2022), accrued and unpaid interest thereon and accrued and unpaid late charges to (b) the Company’s average market capitalization over the prior ten trading days, to not exceed 30% (the “Debt to Market Cap Ratio Test”); and (iii) the Company’s market capitalization to at no time be less than $75 million. (the “Market Cap Test” and, together with the Debt to Market Cap Ratio Test, the “Financial Tests”). The Company is currently in compliance with these financial covenants, although from time to time since the date of issuance of the April 2022 Senior Convertible Note through August 10, 2022 (including, in the case of the Debt to Market Cap Ratio Test, as of June 30, 2022), the Company was not in compliance with the Financial Tests. As of August 9, 2022, the Investor agreed to waive any such non-compliance during such aforementioned time periods, under each of the SPA dated March 31, 2022 and the April 2022 Senior Convertible Note.

Securities Purchase Agreement [Member] | Accredited Institutional Investor [Member]

Short-Term Debt [Line Items]

Face value principal payable

$ 50,000,000

Securities Purchase Agreement [Member] | Accredited Institutional Investor [Member] | Additional Issuance [Member]

Short-Term Debt [Line Items]

Face value principal payable

22,500,000

Securities Purchase Agreement [Member] | Accredited Institutional Investor [Member] | Initial Issuance [Member]

Short-Term Debt [Line Items]

Face value principal payable

27,500,000

Securities Purchase Agreement [Member] | Accredited Institutional Investor [Member] | Additional Issuance [Member]

Short-Term Debt [Line Items]

Face value principal payable

$ 22,500,000

Securities Purchase Agreement [Member] | Accredited Institutional Investor [Member] | Additional Issuance [Member] | Forecast [Member]

Short-Term Debt [Line Items]

Face value principal payable

$ 22,500,000

Deb instrument description

(a) the outstanding principal amount of the April 2022 Senior Convertible Note (and any additional notes issued under the SPA dated March 31, 2022), accrued and unpaid interest thereon and accrued and unpaid late charges to (b) our average market capitalization over the prior ten trading days, to exceed 25%. If the Company does not issue the additional notes contemplated by any such written notice, or if the Investor is unable to deliver any such notice prior to March 31, 2024 as a result of the limitation described in the preceding sentence, then the Company will be obligated to pay up to a maximum of a $1.35 million a break-up fee

Securities Purchase Agreement [Member] | Lender [Member] | April 2022 Senior Convertible Note [Member]

Short-Term Debt [Line Items]

Proceeds from convertible debt

$ 25,000,000

Debt fees amount

2,500,000

Securities Purchase Agreement [Member] | Placement Agent [Member] | April 2022 Senior Convertible Note [Member]

Short-Term Debt [Line Items]

Debt fees amount

450

Offering costs

$ 601

Schedule of Summarizes Informat

Schedule of Summarizes Information About Stock Options (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares
2014 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Stock Options Outstanding, Beginning Balance | shares	8,720,198
Weighted Average Exercise Price, Beginning Balance | $ / shares	$ 3.39
Remaining Contractual Term (Years)	6 years 9 months 18 days
Intrinsic Value Outstanding, Beginning Balance | $	$ 3,516	[1]
Number of Stock Options, Granted | shares	4,219,350	[2]
Weighted Average Exercise Price, Granted | $ / shares	$ 1.49	[2]
Number of Stock Option, Exercised | shares	(299,999)
Weighted Average Exercise Price, Exercised | $ / shares	$ 1.01
Number of Stock Option, Forfeited | shares	(1,437,143)
Weighted Average Exercise Price, Forfeited | $ / shares	$ 3.04
Number of Stock Options Outstanding, Ending Balance | shares	11,202,406	[3]
Weighted Average Exercise Price, Ending Balance | $ / shares	$ 2.79	[3]
Remaining Contractual Term (Years)	7 years 10 months 24 days	[3]
Intrinsic Value Outstanding, Ending Balance | $	$ 8	[1],[3]
Number of Stock Options Vested and exercisable stock options | shares	5,994,046
Weighted Average Exercise Price, Vested and exercisable stock options | $ / shares	$ 3.07
Remaining Contractual Term (Years), Vested and exercisable stock options	6 years 6 months
Intrinsic Value Exercisable, Ending Balance | $	$ 1	[1]
2018 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Stock Options Outstanding, Beginning Balance | shares	1,419,242
Weighted Average Exercise Price, Beginning Balance | $ / shares	$ 0.73
Remaining Contractual Term (Years)	7 years
Number of Stock Options, Granted | shares	2,107,500	[4]
Weighted Average Exercise Price, Granted | $ / shares	$ 3.82	[4]
Number of Stock Option, Exercised | shares	(959,389)
Weighted Average Exercise Price, Exercised | $ / shares	$ 0.72
Number of Stock Option, Forfeited | shares	(107,687)
Weighted Average Exercise Price, Forfeited | $ / shares	$ 4.45
Number of Stock Options Outstanding, Ending Balance | shares	2,459,666	[5]
Weighted Average Exercise Price, Ending Balance | $ / shares	$ 3.22	[5]
Remaining Contractual Term (Years)	9 years	[5]
Number of Stock Options Vested and exercisable stock options | shares	741,869
Weighted Average Exercise Price, Vested and exercisable stock options | $ / shares	$ 1.90
Remaining Contractual Term (Years), Vested and exercisable stock options	7 years 4 months 24 days
[1]The intrinsic value is computed as the difference between the quoted price of the PAVmed Inc. common stock on each of June 30, 2022 and December 31, 2021 and the exercise price of the underlying PAVmed Inc. stock options, to the extent such quoted price is greater than the exercise price.[2]Stock options granted under the PAVmed Inc. 2014 Equity Plan and those granted outside such plan generally vest ratably over twelve quarters, with the vesting commencing with the grant date quarter-end, and have a ten-year contractual term from date-of-grant.[3]The outstanding stock options presented in the table above, are inclusive of 500,854 423,300

Schedule of Summarizes Inform_2

Schedule of Summarizes Information About Stock Options (Details) (Parenthetical) - 2018 Equity Plan [Member] - shares		6 Months Ended	12 Months Ended
		Jun. 30, 2022	Dec. 31, 2021
Stock options, Granted	[1]	2,107,500
Lucid Diagnostics Inc [Member]
Stock options, Granted		423,300	423,300
Parent Company [Member]
Stock options, Granted		500,854	500,854
[1]Stock options granted under the Lucid Diagnostics Inc. 2018 Equity Plan and those granted outside such plan generally vest ratably over twelve quarters, with the vesting commencing with the grant date quarter, and have a ten-year contractual term from date-of-grant.

Schedule of Restricted Stock Aw

Schedule of Restricted Stock Award Activity (Details) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2022 $ / shares shares
2014 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Stock Options Outstanding, Beginning Balance | shares	1,666,666
Weighted Average Grant Date Fair Value, Outstanding, Beginning Balance | $ / shares	$ 2.36
Number of Stock Options, Granted | shares		[1]
Weighted Average Grant Date Fair Value, Granted | $ / shares
Number of Stock Options, Vested | shares	(541,666)
Weighted Average Grant Date Fair Value, Vested | $ / shares	$ 1.20
Number of Stock Options, Forfeited | shares	(150,000)
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	$ 2.04
Number of Stock Options Outstanding, Ending Balance | shares	975,000	[1]
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 3.05	[1]
2018 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Stock Options Outstanding, Beginning Balance | shares	1,940,740
Weighted Average Grant Date Fair Value, Outstanding, Beginning Balance | $ / shares	$ 12.76
Number of Stock Options, Granted | shares	320,000	[2]
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 4.53
Number of Stock Options, Vested | shares
Weighted Average Grant Date Fair Value, Vested | $ / shares
Number of Stock Options, Forfeited | shares
Weighted Average Grant Date Fair Value, Forfeited | $ / shares
Number of Stock Options Outstanding, Ending Balance | shares	2,260,740	[2]
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 11.59	[2]
[1]The unvested restricted stock awards presented in the table above, are inclusive of 100,000 50,000

Schedule of Restricted Stock _2

Schedule of Restricted Stock Award Activity (Details) (Parenthetical) - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
2014 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unvested restricted stock, shares	100,000	100,000
2018 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unvested restricted stock, shares	50,000	50,000

Schedule of Stock-Based Compens

Schedule of Stock-Based Compensation Awards Granted (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Total stock-based compensation expense	$ 5,007	$ 5,203	$ 9,820	$ 6,639
Sales and Marketing Expenses [Member]
Total stock-based compensation expense	591	298	1,216	500
General and Administrative Expense [Member]
Total stock-based compensation expense	4,162	4,599	8,164	5,722
Research and Development Expense [Member]
Total stock-based compensation expense	$ 254	$ 306	$ 440	$ 417

Schedule of Stock-Based Compe_2

Schedule of Stock-Based Compensation Expense Classified in Research and Development Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Total stock-based compensation expense – recognized by Lucid Diagnostics Inc	$ 5,007	$ 5,203	$ 9,820	$ 6,639
Sales and Marketing Expenses [Member]
Total stock-based compensation expense – recognized by Lucid Diagnostics Inc	591	298	1,216	500
General and Administrative Expense [Member]
Total stock-based compensation expense – recognized by Lucid Diagnostics Inc	4,162	4,599	8,164	5,722
Research and Development Expense [Member]
Total stock-based compensation expense – recognized by Lucid Diagnostics Inc	254	306	440	417
Research and Development Expense [Member] | Lucid Diagnostics Inc [Member]
Total stock-based compensation expense – recognized by Lucid Diagnostics Inc	3,844	2,580	7,679	3,385
Lucid Diagnostics Inc 2018 Equity Plan [Member] | Sales and Marketing Expenses [Member]
Total stock-based compensation expense – recognized by Lucid Diagnostics Inc	215		480
Lucid Diagnostics Inc 2018 Equity Plan [Member] | General and Administrative Expense [Member]
Total stock-based compensation expense – recognized by Lucid Diagnostics Inc	3,313	2,505	6,514	3,295
Lucid Diagnostics Inc 2018 Equity Plan [Member] | Research and Development Expense [Member]
Total stock-based compensation expense – recognized by Lucid Diagnostics Inc	26	22	97	34
PAVmed Inc 2014 Equity Plan [Member] | Sales and Marketing Expenses [Member]
Total stock-based compensation expense – recognized by Lucid Diagnostics Inc	161		336
PAVmed Inc 2014 Equity Plan [Member] | General and Administrative Expense [Member]
Total stock-based compensation expense – recognized by Lucid Diagnostics Inc	77		145
PAVmed Inc 2014 Equity Plan [Member] | Research and Development Expense [Member]
Total stock-based compensation expense – recognized by Lucid Diagnostics Inc	$ 52	$ 53	$ 107	$ 56

Schedule of Unrecognized Compen

Schedule of Unrecognized Compensation Expense (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
PAVmed Inc 2014 Equity Plan [Member] | Stock Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized Expense	$ 9,127
Weighted Average Remaining Service Period	2 years 3 months 18 days
PAVmed Inc 2014 Equity Plan [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized Expense	$ 1,510
Weighted Average Remaining Service Period	1 year 2 months 12 days
Lucid Diagnostics Inc 2018 Equity Plan [Member] | Stock Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized Expense	$ 4,030
Weighted Average Remaining Service Period	2 years 7 months 6 days
Lucid Diagnostics Inc 2018 Equity Plan [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized Expense	$ 10,873
Weighted Average Remaining Service Period	1 year

Schedule of Fair Values of Stoc

Schedule of Fair Values of Stock Options Granted Using Black-scholes Valuation Model Assumptions (Details)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
2014 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected dividend yield	5 years 9 months 18 days	5 years 7 months 6 days
Expected stock price volatility	84%	75%
Risk free interest rate	3%	1%
Expected dividend yield
2018 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected dividend yield	5 years 8 months 12 days
Expected stock price volatility	71%
Risk free interest rate	3%
Expected dividend yield

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)		3 Months Ended		6 Months Ended			12 Months Ended
	Jan. 07, 2022	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2022		Jun. 30, 2021	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Proceeds from common stock						$ 55,016,000
Employee Stock Purchase Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock capital shares reserved for future issuance				1,750,000
Share-based payment award, number of shares available for grant				931,841
Number of common stock purchased		194,240	203,480
Proceeds from common stock		$ 217	$ 304
Employee Stock Purchase Plan [Member] | Lucid Diagnostics Inc [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock capital shares reserved for future issuance				500,000
2014 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock capital shares reserved for future issuance				16,352,807
Share-based payment award, number of shares available for grant				2,830,092
Number of restricted stock awards granted outstanding				600,854
Number of stock options outstanding				600,854
2018 Stock Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock capital shares reserved for future issuance				9,144,000
Share-based payment award, number of shares available for grant				3,932,802
Number of restricted stock awards granted outstanding				473,300
Number of stock options outstanding				473,300
2018 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of restricted stock awards granted outstanding				50,000			50,000
Number of stock options outstanding				2,459,666	[1]		1,419,242
Weighted average fair value of stock options				$ 1.48
2018 Equity Plan [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of restricted stock, granted	320,000
Vesting period description	restricted stock awards having a single vesting date on January 7, 2025
Fair value of restricted stock granted	$ 1,400,000
[1]The outstanding stock options presented in the table above, are inclusive of 423,300

Preferred Stock (Details Narrat

Preferred Stock (Details Narrative) - Series B Convertible Preferred Stock [Member] - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended
	Jul. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Dividend rate percentage						8%
Preferred stock par value per share		$ 3				$ 3
Dividends preferred stock stock		$ 70	$ 68	$ 74	$ 75
Board of Directors [Member] | Dividend Declared [Member]
Class of Stock [Line Items]
Dividends preferred stock stock			$ 68		$ 75		$ 148		$ 73
Dividends, Preferred Stock, Cash						$ 135		$ 67
Issuance of stock			22,740		25,046	45,031	49,244	22,291	24,198
Board of Directors [Member] | Dividend Declared [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Dividends preferred stock stock	$ 70
Issuance of stock	23,196

Common Stock and Common Stock_2

Common Stock and Common Stock Purchase Warrants (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Class of Warrant or Right [Line Items]
Common stock, shares authorized	250,000,000		250,000,000		250,000,000
Increase in common stock shares authorized	100,000,000		100,000,000
Stock option exercised, value	$ 61	$ 51	$ 303	$ 131
Series Z Warrants [Member]
Class of Warrant or Right [Line Items]
Warrant exercise price	$ 1.60		$ 1.60
Number of warrants exercised			5
Series Z Warrants [Member]
Class of Warrant or Right [Line Items]
Common stock purchase warrants issued and outstanding	11,937,450		11,937,450		11,937,455
Warrant exercise price	$ 1.60		$ 1.60		$ 1.60
Warrants expiration date	Apr. 30, 2024		Apr. 30, 2024		Apr. 30, 2024
Series W Warrants [Member]
Class of Warrant or Right [Line Items]
Common stock purchase warrants issued and outstanding					377,873
Class of warrant or right outstanding					377,873
Warrants expired unexercised					Jan. 29, 2022
2014 Equity Plan [Member]
Class of Warrant or Right [Line Items]
Stock option exercised			299,999
2014 Equity Plan [Member] | Equity Option [Member]
Class of Warrant or Right [Line Items]
Stock option exercised			299,999
Stock option exercised, value			$ 302
Employee Stock Purchase Plan [Member]
Class of Warrant or Right [Line Items]
Employee stock purchase plans			194,240

Schedule of Noncontrolling Inte

Schedule of Noncontrolling Interest of Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
NCI – equity (deficit) – beginning of period			$ 17,752
Investment in Veris Health Inc.		$ 6		$ 6
Net loss attributable to NCI - Lucid Diagnostics Inc.	$ (3,576)	(1,199)	(6,337)	(1,877)
NCI – equity (deficit) – end of period	19,426		19,426		$ 17,752
Noncontrolling Interest [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
NCI – equity (deficit) – beginning of period			17,752	(2,369)	(2,369)
Investment in Veris Health Inc.		$ 6		$ 6	6
Net loss attributable to NCI - Lucid Diagnostics Inc.			(5,711)		(5,779)
Net loss attributable to NCI – Solys Diagnostics Inc.			(6)
Net loss attributable to NCI – Veris Health Inc.			(620)
Impact of subsidiary equity transactions			229		16,760
Lucid Diagnostics Inc. 2018 Equity Plan stock option exercise			688
Stock-based compensation expense - Lucid Diagnostics Inc. 2018 Equity Plan			7,091		9,134
Stock-based compensation expense - Veris Health Inc. 2021 Equity Plan			3
NCI – equity (deficit) – end of period	$ 19,426		$ 19,426		$ 17,752

Noncontrolling Interest (Detail

Noncontrolling Interest (Details Narrative) - USD ($) $ in Thousands			6 Months Ended
	Aug. 10, 2022	Mar. 28, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Noncontrolling Interest [Line Items]
Common stock shares issued			87,023,211		86,367,845
Common stock shares outstanding			87,023,211		86,367,845
Proceeds issuance of common stock				$ 55,016
Veris Health Inc [Member] | Unrelated Third Parties [Member]
Noncontrolling Interest [Line Items]
Investment ownership percentage			19.56%
Solys Diagnostics Inc [Member] | Unrelated Third Parties [Member]
Noncontrolling Interest [Line Items]
Investment ownership percentage			9.6765%		9.6765%
Parent Company [Member] | Veris Health Inc [Member]
Noncontrolling Interest [Line Items]
Investment ownership percentage			80.44%
Parent Company [Member] | Solys Diagnostics Inc [Member]
Noncontrolling Interest [Line Items]
Investment ownership percentage			90.3235%		90.3235%
Subsequent Event [Member] | Lucid Diagnostics Inc [Member]
Noncontrolling Interest [Line Items]
Common stock shares issued	308,152
Proceeds issuance of common stock	$ 927
Committed Equity Facility [Member]
Noncontrolling Interest [Line Items]
Number of shares issued			0
Lucid Diagnostics Inc [Member]
Noncontrolling Interest [Line Items]
Common stock shares issued			35,171,796
Common stock shares outstanding			35,171,796
Partners capital account units acquisitions			27,927,190
Cantor Fitzgerald & Co [Member]
Noncontrolling Interest [Line Items]
Proceeds issuance of common stock		$ 50,000
Veris Health Inc [Member]
Noncontrolling Interest [Line Items]
Common stock shares issued			8,000,000
Common stock shares outstanding			8,000,000
Solys Diagnostics Inc [Member]
Noncontrolling Interest [Line Items]
Common stock shares issued			9,189,190		9,189,190
Common stock shares outstanding			9,189,190		9,189,190

Schedule of Comparison of Basic

Schedule of Comparison of Basic and Fully Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net loss before noncontrolling interests	$ (29,101)	$ (12,670)	$ (48,734)	$ (22,779)
Net loss attributable to noncontrolling interest	3,576	1,199	6,337	1,877
Net loss - as reported, attributable to PAVmed Inc.	(25,525)	(11,471)	(42,397)	(20,902)
Series B Convertible Preferred Stock dividends – earned	(70)	(74)	(138)	(149)
Net loss attributable to PAVmed Inc. common stockholders	$ (25,595)	$ (11,545)	$ (42,535)	$ (21,051)
Weighted average common shares outstanding, basic and diluted	86,957,352	82,235,397	86,689,857	78,117,637
Net loss - as reported, attributable to PAVmed Inc.	$ (0.29)	$ (0.14)	$ (0.49)	$ (0.27)
Net loss attributable to PAVmed Inc. common stockholders	$ (0.29)	$ (0.14)	$ (0.49)	$ (0.27)

Schedule of Antidilutive Securi

Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share (Details) - shares	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	25,273,806	27,215,314
Stock Options and Restricted Stock Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	12,177,406	10,573,530
Series Z Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	11,937,450	15,074,281
Series W Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total		381,818
Series B Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	1,158,950	1,185,685

Net Loss Per Share (Details Nar

Net Loss Per Share (Details Narrative) - 2014 Equity Plan [Member] - shares	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Issuance of shares of common stock	500,854	500,854
Number of restricted stock awards	100,000