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Note 1 — The Company Description of the Business PAVmed is a diversified commercial-stage life sciences company operating in the medical device, diagnostics, and digital health sectors. It operates through multiple independently financed subsidiaries under a shared services model. The Company’s strategy is to advance and commercialize innovative healthcare technologies through its subsidiaries while maintaining flexibility to structure financing at either the PAVmed level or within its subsidiaries. The Company’s subsidiaries include Lucid Diagnostics, a commercial-stage cancer prevention medical diagnostics company that markets the EsoGuard® Esophageal DNA Test and EsoCheck® Esophageal Cell Collection Device, of which the Company is the largest voting stockholder at approximately 25%, and Veris Health, a majority-owned digital health company focused on improving personalized cancer care during treatment and throughout survivorship through digital health tools and the development of an implantable physiological monitor designed to interface with the Veris Cancer Care Platform. PAVmed continues to support the commercial expansion of EsoGuard through Lucid Diagnostics and to pursue strategic partnerships to expand adoption of the Veris Cancer Care Platform. In addition, PAVmed is developing a medical device portfolio, including its PortIO implantable intraosseous vascular access device and its licensed endoscopic imaging technology from Duke University. The Company continues to evaluate opportunities to expand its portfolio through internal development and external licensing.

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Note 2 — Liquidity and Going Concern The Company’s management is required to assess the Company’s ability to continue as a going concern for the one year period following the date of the financial statements being issued. In each reporting period, including interim periods, an entity is required to assess conditions known and reasonably knowable as of the financial statement issuance date to determine whether it is probable an entity will not meet its financial obligations within one year from the financial statement issuance date. Substantial doubt about an entity’s ability to continue as a going concern exists when conditions and events, considered in the aggregate, indicate it is probable the entity will be unable to meet its financial obligations as they become due within one year after the date the financial statements are issued. The Company has financed its operations principally through public and private issuances of its common stock, preferred stock, common stock purchase warrants, preferred 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 generated less than $0.1 million of revenue for the three and six months ended June 30, 2026, and the Company expects to continue to experience recurring losses and to generate negative cash flows from operating activities in the near future. Note 2 — Liquidity and Going Concern - continued The Company incurred a net loss attributable to PAVmed common stockholders of approximately $12.5 million and had net cash flows used in operating activities of approximately $5.3 million for the six months ended June 30, 2026. As of June 30, 2026, the Company had positive working capital of approximately $0.8 million. The Company’s ability to continue operations 12 months beyond the issuance of the financial statements, will depend upon its ability to control its operating costs within the limits of the amounts collected from its management service contracts with its non-consolidated subsidiaries, to substantially increase its revenues from the Veris Cancer Care platform, and to raise additional capital through various potential sources including equity or debt financings, the exercise of outstanding warrants by the holders thereof or refinancing or restructuring existing debt obligations. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the accompanying unaudited condensed consolidated financial statements are issued.

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Note 3 — 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, 2025 as filed with the SEC on March 27, 2026, except as otherwise noted herein below. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of PAVmed and those of its wholly owned subsidiaries and majority-owned subsidiaries entities 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”). All intercompany transactions and balances have been eliminated in consolidation. The Company has a controlling financial interest in Veris Health, 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 subsidiary. PAVmed accounts for its investment in Lucid Diagnostics using the equity method and the fair value option. See below and Note 4, Equity Method Investment for a discussion on Lucid Diagnostics. See Note 13, Noncontrolling Interest, for a discussion of each of the subsidiaries noted above. The Company manages its operations as a single operating segment for the purposes of assessing performance and making operating decisions. As permitted under SEC rules, certain footnotes or other financial information normally required by U.S. GAAP have been condensed or omitted. The balance sheet as of December 31, 2025 has been derived from audited consolidated financial statements at such date. The accompanying unaudited condensed consolidated financial statements have been prepared on the same basis as the Company’s annual consolidated financial statements, and in the opinion of management, include all adjustments, consisting only of routine recurring adjustments, necessary for a fair statement of the Company’s unaudited condensed consolidated financial information. The unaudited condensed consolidated results of operations for the three and six months ended June 30, 2026 are not necessarily indicative of the consolidated results to be expected for the year ending December 31, 2026 or for any other interim period or for any other future periods. The accompanying unaudited condensed consolidated financial statements and related unaudited condensed consolidated financial information should be read in conjunction with the Company’s audited consolidated financial statements and related notes thereto as of and for the year ended December 31, 2025 included in the Company’s Annual Report on Form 10-K as filed with the SEC on March 27, 2026. All amounts in the accompanying unaudited condensed consolidated financial statements and the 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. Cash The Company maintains its cash at a major financial institution with high credit quality. At times, the balance of its cash deposits may exceed federally insured limits. The Company has not experienced losses on deposits with commercial banks and financial institutions which exceed federally insured limits. Included in the Company’s cash as of June 30, 2026 and December 31, 2025 is $299 related to a restricted deposit account for a standby letter of credit associated with our corporate headquarters which has a lease maturity date in 2030. 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 unaudited condensed 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, preferred stock and preferred stock 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. Revenue Recognition Revenues are recognized when the satisfaction of the performance obligation occurs, in an amount that reflects the consideration the Company expects to collect in exchange for those services. The Company’s revenue is primarily derived from the Veris Cancer Care Platform and contracts with hospitals and cancer care centers. To determine revenue recognition for the arrangements that the Company determines are within the scope of ASC 606, Revenue from Contracts with Customers, the Company performs the following five steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when (or as) the entity satisfies a performance obligation. Equity Method Investments Businesses that are not consolidated, but over which PAVmed exercises significant influence, are accounted for under the equity method of accounting. The determination as to whether or not PAVmed exercises significant influence with respect to a company depends on an evaluation of several factors, including, among others, representation on the company’s board of directors and equity ownership level, which is generally between a 20% and a 50% interest in the voting securities of an equity method business, as well as voting rights associated with PAVmed’s holdings in common stock in that company. PAVmed accounts for Lucid Diagnostics as an equity method investment. 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”, and a Senior Secured Convertible Note dated September 8, 2022, as amended from time to time, referred to herein as the “September 2022 Senior Convertible Note”, and a Senior Secured Convertible Note dated February 3, 2026, referred to herein as the “2026 Note” which are 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, (“ASC 815”), a financial instrument containing embedded features and/or options may be required to be bifurcated from the financial instrument host and recognized as separate derivative asset or liability, with the bifurcated derivative asset or liability initially measured at estimated fair value as of the transaction issue date and then subsequently remeasured at estimated fair value as of each reporting period balance sheet date. Alternatively, FASB ASC Topic 825, Financial Instruments, (“ASC 825”) provides for the “fair value option” (“FVO”) election. In this regard, ASC 825-10-15-4 provides for the FVO election (to the extent not otherwise prohibited by ASC 825-10-15-5) to be afforded to financial instruments, wherein the financial instrument is initially measured at estimated fair value as of the transaction issue date and then subsequently remeasured at estimated fair value as of each reporting period balance sheet date, with changes in the estimated fair value recognized as other income (expense) in the statement of operations. The estimated fair value adjustment of the April 2022 Senior Convertible Note, the September 2022 Senior Convertible Note, and the 2026 Note, including the component related to accrued interest, is presented in a single line item within other income (expense) in the accompanying unaudited condensed consolidated statement of operations (as provided for by ASC 825-10-50-30(b)). Further, as required by ASC 825-10-45-5, to the extent a portion of the fair value adjustment is attributed to a change in the instrument-specific credit risk, such portion would be recognized as a component of other comprehensive income (“OCI”) (for which there was no such adjustment with respect to the April 2022 Senior Convertible Note, the September 2022 Senior Convertible Note or the 2026 Note). See Note 8, Financial Instruments Fair Value Measurements, with respect to the FVO election; and Note 9, Debt, for a discussion of the April 2022 Senior Convertible Note, the September 2022 Senior Convertible Note and the 2026 Note. The Company’s investment in Lucid is treated as an equity method investment accounted for using the fair value option. Shares of Lucid Diagnostics common stock have a readily determinable fair value classified as Level 1, in which the fair value is determined based upon quoted market prices in an active market. Recent Accounting Standards Updates Not Yet Adopted In November 2024, the FASB issued ASU No. 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This update enhances financial statement disclosures by requiring public business entities to disclose specified information about certain costs and expenses including the amounts of (a) purchases of inventory, (b) employee compensation, (c) depreciation, and (d) intangible asset amortization included in each relevant expense caption. The update also requires disclosure of certain amounts that are already required to be disclosed under current GAAP, disclosure of a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, and disclosure of the total amount of selling expenses and, in annual reporting periods, an entity’s definition of selling expenses. The amendments in this update may be applied either prospectively or retrospectively and are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the potential impact of this guidance on its unaudited condensed consolidated financial statements. In October 2023, the FASB issued ASU No. 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. This update modifies the disclosure or presentation requirements of a variety of topics in the Accounting Standards Codification to conform with certain SEC amendments in Release No. 33-10532, Disclosure Update and Simplification. The amendments in this update should be applied prospectively, and the effective date for each amendment will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or S-K becomes effective. However, if the SEC has not removed the related disclosure from its regulations by June 30, 2027, the amendments will be removed from the Codification and not become effective. Early adoption is prohibited. The Company is currently evaluating the impact this update will have on its unaudited condensed consolidated financial statements and disclosures.

Basis of Presentation The accompanying unaudited condensed consolidated financial statements of PAVmed and those of its wholly owned subsidiaries and majority-owned subsidiaries entities 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”). All intercompany transactions and balances have been eliminated in consolidation. The Company has a controlling financial interest in Veris Health, 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 subsidiary. PAVmed accounts for its investment in Lucid Diagnostics using the equity method and the fair value option. See below and Note 4, Equity Method Investment for a discussion on Lucid Diagnostics. See Note 13, Noncontrolling Interest, for a discussion of each of the subsidiaries noted above. The Company manages its operations as a single operating segment for the purposes of assessing performance and making operating decisions. As permitted under SEC rules, certain footnotes or other financial information normally required by U.S. GAAP have been condensed or omitted. The balance sheet as of December 31, 2025 has been derived from audited consolidated financial statements at such date. The accompanying unaudited condensed consolidated financial statements have been prepared on the same basis as the Company’s annual consolidated financial statements, and in the opinion of management, include all adjustments, consisting only of routine recurring adjustments, necessary for a fair statement of the Company’s unaudited condensed consolidated financial information. The unaudited condensed consolidated results of operations for the three and six months ended June 30, 2026 are not necessarily indicative of the consolidated results to be expected for the year ending December 31, 2026 or for any other interim period or for any other future periods. The accompanying unaudited condensed consolidated financial statements and related unaudited condensed consolidated financial information should be read in conjunction with the Company’s audited consolidated financial statements and related notes thereto as of and for the year ended December 31, 2025 included in the Company’s Annual Report on Form 10-K as filed with the SEC on March 27, 2026. All amounts in the accompanying unaudited condensed consolidated financial statements and the 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.

Cash The Company maintains its cash at a major financial institution with high credit quality. At times, the balance of its cash deposits may exceed federally insured limits. The Company has not experienced losses on deposits with commercial banks and financial institutions which exceed federally insured limits. Included in the Company’s cash as of June 30, 2026 and December 31, 2025 is $299 related to a restricted deposit account for a standby letter of credit associated with our corporate headquarters which has a lease maturity date in 2030.

299000

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 unaudited condensed 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, preferred stock and preferred stock 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.

Revenue Recognition Revenues are recognized when the satisfaction of the performance obligation occurs, in an amount that reflects the consideration the Company expects to collect in exchange for those services. The Company’s revenue is primarily derived from the Veris Cancer Care Platform and contracts with hospitals and cancer care centers. To determine revenue recognition for the arrangements that the Company determines are within the scope of ASC 606, Revenue from Contracts with Customers, the Company performs the following five steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when (or as) the entity satisfies a performance obligation.

Equity Method Investments Businesses that are not consolidated, but over which PAVmed exercises significant influence, are accounted for under the equity method of accounting. The determination as to whether or not PAVmed exercises significant influence with respect to a company depends on an evaluation of several factors, including, among others, representation on the company’s board of directors and equity ownership level, which is generally between a 20% and a 50% interest in the voting securities of an equity method business, as well as voting rights associated with PAVmed’s holdings in common stock in that company. PAVmed accounts for Lucid Diagnostics as an equity method investment.

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”, and a Senior Secured Convertible Note dated September 8, 2022, as amended from time to time, referred to herein as the “September 2022 Senior Convertible Note”, and a Senior Secured Convertible Note dated February 3, 2026, referred to herein as the “2026 Note” which are 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, (“ASC 815”), a financial instrument containing embedded features and/or options may be required to be bifurcated from the financial instrument host and recognized as separate derivative asset or liability, with the bifurcated derivative asset or liability initially measured at estimated fair value as of the transaction issue date and then subsequently remeasured at estimated fair value as of each reporting period balance sheet date. Alternatively, FASB ASC Topic 825, Financial Instruments, (“ASC 825”) provides for the “fair value option” (“FVO”) election. In this regard, ASC 825-10-15-4 provides for the FVO election (to the extent not otherwise prohibited by ASC 825-10-15-5) to be afforded to financial instruments, wherein the financial instrument is initially measured at estimated fair value as of the transaction issue date and then subsequently remeasured at estimated fair value as of each reporting period balance sheet date, with changes in the estimated fair value recognized as other income (expense) in the statement of operations. The estimated fair value adjustment of the April 2022 Senior Convertible Note, the September 2022 Senior Convertible Note, and the 2026 Note, including the component related to accrued interest, is presented in a single line item within other income (expense) in the accompanying unaudited condensed consolidated statement of operations (as provided for by ASC 825-10-50-30(b)). Further, as required by ASC 825-10-45-5, to the extent a portion of the fair value adjustment is attributed to a change in the instrument-specific credit risk, such portion would be recognized as a component of other comprehensive income (“OCI”) (for which there was no such adjustment with respect to the April 2022 Senior Convertible Note, the September 2022 Senior Convertible Note or the 2026 Note). See Note 8, Financial Instruments Fair Value Measurements, with respect to the FVO election; and Note 9, Debt, for a discussion of the April 2022 Senior Convertible Note, the September 2022 Senior Convertible Note and the 2026 Note. The Company’s investment in Lucid is treated as an equity method investment accounted for using the fair value option. Shares of Lucid Diagnostics common stock have a readily determinable fair value classified as Level 1, in which the fair value is determined based upon quoted market prices in an active market.

Recent Accounting Standards Updates Not Yet Adopted In November 2024, the FASB issued ASU No. 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This update enhances financial statement disclosures by requiring public business entities to disclose specified information about certain costs and expenses including the amounts of (a) purchases of inventory, (b) employee compensation, (c) depreciation, and (d) intangible asset amortization included in each relevant expense caption. The update also requires disclosure of certain amounts that are already required to be disclosed under current GAAP, disclosure of a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, and disclosure of the total amount of selling expenses and, in annual reporting periods, an entity’s definition of selling expenses. The amendments in this update may be applied either prospectively or retrospectively and are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the potential impact of this guidance on its unaudited condensed consolidated financial statements. In October 2023, the FASB issued ASU No. 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. This update modifies the disclosure or presentation requirements of a variety of topics in the Accounting Standards Codification to conform with certain SEC amendments in Release No. 33-10532, Disclosure Update and Simplification. The amendments in this update should be applied prospectively, and the effective date for each amendment will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or S-K becomes effective. However, if the SEC has not removed the related disclosure from its regulations by June 30, 2027, the amendments will be removed from the Codification and not become effective. Early adoption is prohibited. The Company is currently evaluating the impact this update will have on its unaudited condensed consolidated financial statements and disclosures.

Note 4 — Equity Method Investment The Company accounts for its investment in Lucid as an equity method investment with the election of the fair value option. Due to the Company’s continuing involvement and significant influence over operating and financial policies, Lucid is considered a related party of the Company. The following presents summarized financial information related to Lucid accounted for under the equity method as of June 30, 2026. This aggregate information has been compiled from the financial statements of Lucid. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">June 30, 2026</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:85%;">Cash</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">33,404</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Other current assets</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">3,219</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Non-current assets</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">2,323</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Total assets</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">38,946</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Current liabilities</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">27,516</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Non-current liabilities</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">503</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Shareholders’ equity</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">10,927</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Total liabilities and stockholders’ equity</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">38,946</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:10pt;padding:0;">Three Months Ended</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:10pt;padding:0;">Six Months Ended</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">June 30, 2026</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">June 30, 2026</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:70%;">Revenue</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:12%;">1,474</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:12%;">2,730</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) attributable to common stockholders</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:12%;">(14,715</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:12%;">(38,343</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td></tr> </tbody></table> At June 30, 2026 and December 31, 2025, the fair value of the Company’s investment in Lucid was $33.5 million and $34.1 million, respectively. The Company recognized an unrealized loss on its investment in Lucid of $2,504 and $626 in the accompanying unaudited condensed consolidated statements of operations for the three and six months ended June 30, 2026, respectively. The Company recognized an unrealized loss on its investment in Lucid of $10,643 and an unrealized gain on its investment in Lucid of $10,361 in the accompanying unaudited condensed consolidated statements of operations for the three and six months ended June 30, 2025, respectively. The fair value of shares of Lucid’s common stock held by the Company was determined using the closing price of Lucid’s common stock per share on June 30, 2026 and December 31, 2025 of $1.07 and $1.09, respectively. At June 30, 2026 and December 31, 2025, PAVmed held approximately 25.1% and 27.5%, respectively, of Lucid’s common stock voting interest. As of August 13, 2026, PAVmed held approximately 25.1% of Lucid's common stock voting interest. Lucid - Management Services Agreement Lucid’s daily operations are also managed in part by personnel employed by the Company, for which the Company records management fee income, referred to as the “MSA Fee”, according to the provisions of a Management Services Agreement (“MSA”) with Lucid. The MSA does not have a termination date, but may be terminated by Lucid. The MSA Fee is charged on a monthly basis and is subject to periodic adjustment corresponding with changes in the services provided by the Company’s personnel to Lucid, with any such change in the MSA Fee being subject to approval of the boards of directors of each of the Company and Lucid. The monthly fee due to the Company from Lucid is $1,050. During the three months ended June 30, 2026 and 2025, the MSA fee income was $3,150 for each period. During the six months ended June 30, 2026 and 2025, the MSA fee income was $6,300 for each period.

33404000

3219000

2323000

38946000

27516000

503000

10927000

38946000

1474000

2730000

-14715000

-38343000

33500000

34100000

-2504

-626

10643

-10361

1.07

1.09

0.251

0.275

0.251

1050000 3150000 6300

Note 5 — Prepaid Expenses, Deposits, and Other Current Assets Prepaid expenses and other current assets consisted of the following as of: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">June 30, 2026</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">December 31, 2025</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:70%;">Advanced payments to service providers and suppliers</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">214</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">139</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Prepaid insurance</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">346</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">212</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Deposits</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">286</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">414</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Veris Box supplies</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">212</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">239</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Total prepaid expenses, deposits and other current assets</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">1,058</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">1,004</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> </tbody></table>

214000 139000

346000

212000

286000

414000

212000

239000

1058000

1004000

Note 6 — Leases The Company’s future lease payments as of June 30, 2026, 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: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:85%;">2026 (remainder of year)</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">364</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">2027</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">594</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">2028</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">471</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">2029</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">481</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">2030</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">367</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Thereafter</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Total lease payments</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">2,277</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Less: imputed interest</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">(309</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Present value of lease liabilities</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">1,968</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> </tbody></table> Supplemental disclosure of cash flow information related to the Company’s cash and non-cash activities with its leases are as follows: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Six Months Ended June 30,</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">2026</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">2025</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:70%;">Cash paid for amounts included in the measurement of lease liabilities</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Operating cash flows from operating leases</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">360</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">352</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Non-cash investing and financing activities</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Right-of-use assets obtained in exchange for new operating lease liabilities</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Weighted-average remaining lease term - operating leases (in years)</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">3.83</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">4.61</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Weighted-average discount rate - operating leases</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">7.875</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">%</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">7.875</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">%</td></tr> </tbody></table> As of June 30, 2026 and December 31, 2025, the Company’s right-of-use assets from operating leases were $1,738 and $2,002, respectively, which are reported in operating lease right-of-use assets in the unaudited condensed consolidated balance sheets. As of June 30, 2026 and December 31, 2025, the Company had outstanding operating lease obligations of $1,968 and $2,248, respectively, of which $570 and $573, respectively, are reported in operating lease liabilities, current portion and $1,398 and $1,675, respectively, are reported in operating lease liabilities less current portion in the Company’s unaudited condensed consolidated balance sheets. The Company calculates its incremental borrowing rates for specific lease terms, as a function of the financing terms the Company would likely receive on the open market.

364000

594000

471000

481000

367000

2277000

309000

1968000

360000

352000

P3Y9M29D

P4Y7M9D

0.07875

1738000

2002000

1968000

2248000

570000

573000

1398000

1675000

Note 7 — Commitment and Contingencies Other Matters In the ordinary course of PAVmed business, 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. The Company is not aware of any such pending legal or other proceedings that are reasonably likely to have a material impact on the Company. 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 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.

Note 8 — Financial Instruments Fair Value Measurements Recurring Fair Value Measurements The fair value hierarchy table for the periods indicated is as follows: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="14" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Fair Value Measurement on a Recurring Basis at Reporting Date Using1</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Level-1 Inputs</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Level-2 Inputs</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Level-3 Inputs</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Total</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:52%;">June 30, 2026</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Assets:</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Investment in Lucid Diagnostics common stock</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">33,494</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">33,494</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Total assets at fair value</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">33,494</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">33,494</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Liabilities:</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">2026 Note</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">15,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">15,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;">Rights liability - Lucid Diagnostics common stock</td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:9%;">321</td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:9%;">321</td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Total liabilities at fair value</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">321</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">15,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">15,421</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Level-1 Inputs</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Level-2 Inputs</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Level-3 Inputs</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Total</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:52%;">December 31, 2025</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Assets:</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Investment in Lucid Diagnostics common stock</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">34,120</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">34,120</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Total assets at fair value</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">34,120</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">34,120</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Liabilities:</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Senior Secured Convertible Note - September 2022</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">11,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">11,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Total liabilities at fair value</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">11,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">11,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> </tbody></table> <table style="border-collapse:collapse;height:auto;width:100%;"><tbody><tr><td style="padding:0;vertical-align:top;width:18pt;"> 1</td><td style="padding:0;vertical-align:top;">There were no transfers between the respective Levels during the period ended June 30, 2026.</td></tr> </tbody></table> As discussed in Note 9, Debt, the Company issued Senior Secured Convertible Notes September 8, 2022 and February 3, 2026, with an initial $11.25 million face value principal (as amended from time to time, “September 2022 Senior Convertible Note”), and an initial $15.0 million face value principal ("2026 Note"), respectively. Both convertible notes are 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. 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 2026 Note as of June 30, 2026 and the estimated fair value of the September 2022 Senior Convertible Note as of December 31, 2025, 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: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="padding:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:10pt;padding:0;">2026 Note:</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">June 30, 2026</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:85%;">Fair Value</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">15,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Face value principal payable</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">15,000</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Required rate of return</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">16.300</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">%</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Conversion Price</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">450.00</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Value of common stock</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">5.94</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Expected term (years)</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">2.60</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Volatility</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">40.00</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">%</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Risk free rate</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">4.06</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">%</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Dividend yield</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">%</td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:10pt;padding:0;">September 2022 Senior</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Convertible Note:</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">December 31, 2025</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:85%;">Fair Value</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">11,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Face value principal payable</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">7,839</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Required rate of return</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">8.20% - 8.50</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">%</td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Conversion Price</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">32.04</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Value of common stock</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">6.63</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Expected term (years)</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">0.09 - 1.00</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Volatility</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">85% - 95</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">%</td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Risk free rate</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">3.42% - 3.67</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">%</td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Dividend yield</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">%</td></tr> </tbody></table> The estimated fair values recognized utilized PAVmed’s common stock prices, along with certain Level 3 inputs (as presented in the respective tables 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 and analyses, including the respective common stock prices, as compared to the floor price on conversions, the dividend yields, the risk-free rates based on U.S. Treasury security yields, and certain other Level-3 inputs including, probability weighting on the likelihood as of December 31, 2025 of the Company exercising a 132.5% redemption on the September 2022 Senior Convertible Note (which was redeemed in February 2026), assumptions regarding the estimated volatility in the value of the respective common stock prices. Changes in these assumptions can materially affect the recognized estimated fair values.

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="14" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Fair Value Measurement on a Recurring Basis at Reporting Date Using1</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Level-1 Inputs</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Level-2 Inputs</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Level-3 Inputs</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Total</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:52%;">June 30, 2026</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Assets:</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Investment in Lucid Diagnostics common stock</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">33,494</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">33,494</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Total assets at fair value</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">33,494</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">33,494</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Liabilities:</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">2026 Note</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">15,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">15,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;">Rights liability - Lucid Diagnostics common stock</td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:9%;">321</td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:9%;">321</td><td style="font-family:"Times New Roman";font-size:10pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Total liabilities at fair value</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">321</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">15,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">15,421</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Level-1 Inputs</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Level-2 Inputs</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Level-3 Inputs</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td class="ck-editor__editable ck-editor__nested-editable" colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">Total</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;width:52%;">December 31, 2025</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Assets:</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Investment in Lucid Diagnostics common stock</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">34,120</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">34,120</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Total assets at fair value</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">34,120</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">34,120</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Liabilities:</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;margin-left:0pt;padding:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Senior Secured Convertible Note - September 2022</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">11,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">11,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:10pt;padding:0;">Total liabilities at fair value</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">11,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td class="ck-editor__editable ck-editor__nested-editable" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:9%;">11,100</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> </tbody></table>

33494000

15100000

321000

15100000

15421000

34120000

11100000

11250000

15000000

15100000

15000000

0.163

450

5.94

2.6

0.40

0.0406

11100000

7839000

0.082

0.085

32.04

6.63

0.09

0.85

0.95

0.0342

0.0367

1.325

Note 9 — Debt The fair value and face value principal outstanding of the Senior Convertible Notes as of the dates indicated are as follows: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:28%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">Contractual Maturity Date</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Stated Interest Rate</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Conversion Price per Share</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Face Value Principal Outstanding</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Fair Value</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:28%;">2026 Note</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">February 3, 2029</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">15.000</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0px;padding-right:0;padding-top:0;width:1%;">%</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">450.00</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">15,000</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">15,100</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:28%;">Balance as of June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">15,000</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">15,100</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:28%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">Contractual Maturity Date</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Stated Interest Rate</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Conversion Price per Share</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Face Value Principal Outstanding</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Fair Value</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:28%;">September 2022 Senior Convertible Note</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">December 31, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">7.875</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0px;padding-right:0;padding-top:0;width:1%;">%</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">32.04</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">7,839</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">11,100</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:28%;">Balance as of December 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">7,839</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">11,100</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> </tbody></table> The changes in the fair value of debt during the three and six months ended June 30, 2026 is as follows: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;">September 2022 Senior Convertible Note</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;">2026 Note</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;">Sum of Balance Sheet Fair Value Components</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;">Other Income (expense)</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:52%;">Fair Value - March 31, 2026</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">14,900</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">14,900</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;">Face value principal – issue date</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;">Non-installment payments – cash interest paid</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">(365</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">(365</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Change in fair value</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">565</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">565</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">(565</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0px;padding-right:0;padding-top:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Fair Value at June 30, 2026</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">15,100</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">15,100</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Other Income (Expense) - Change in fair value – three month period ended June 30, 2026</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">(565</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0px;padding-right:0;padding-top:0;width:1%;">)</td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:14%;">September 2022 Senior Convertible Note</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:12%;">2026 Note</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:12%;">Sum of Balance Sheet Fair Value Components</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:12%;">Other Income (expense)</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;">Fair Value - December 31, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:13%;">11,100</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">11,100</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;">Face value principal – issue date</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:13%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">15,000</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">15,000</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:42%;">Non-installment payments – cash interest paid</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:13%;">—</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:11%;">(365</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:11%;">(365</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:11%;">—</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;">Principal repayments – cash</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:13%;">(7,840</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">(7,840</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;">Change in fair value</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:13%;">(3,260</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">465</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">(2,795</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">2,795</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;">Fair Value at June 30, 2026</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:13%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">15,100</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">15,100</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;">Other Income (Expense) - Change in fair value – six months ended June 30, 2026</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:13%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">2,795</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> </tbody></table> The changes in the fair value of debt during the three and six months ended June 30, 2025 is as follows: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:42%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">April 2022 Senior Convertible Note</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">September 2022 Senior Convertible Note</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Sum of Balance Sheet Fair Value Components</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Other Income (expense)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:42%;">Fair Value - March 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">—</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">6,600</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">6,600</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">—</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:42%;">Change in fair value</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">—</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">200</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">200</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">(200</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:42%;">Fair Value at June 30, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">—</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">6,800</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">6,800</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:42%;">Other Income (Expense) - Change in fair value – three month period ended June 30, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">(200</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;">)</td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:10%;">April 2022 Senior Convertible Note</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:10%;">September 2022 Senior Convertible Note</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:10%;">Sum of Balance Sheet Fair Value Components</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:10%;">Other Income (expense)</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Fair Value - December 31, 2024</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">20,300</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">8,800</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">29,100</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Installment repayments – common stock</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(176</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(176</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Non-installment payments – common stock</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(26</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(26</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Principal paydown through exchange</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(17,602</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(871</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(18,473</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Non-installment payment through exchange</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(2,772</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(1,102</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(3,874</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Change in fair value</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">74</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">175</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">249</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(249</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Fair Value at June 30, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">6,800</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">6,800</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;"></td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Other Income (Expense) - Change in fair value – six months ended June 30, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;"></td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;"></td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;"></td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(249</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td></tr> </tbody></table> PAVmed - Senior Secured Convertible Notes 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 million face value principal. On November 15, 2024, the Company entered into an Exchange Agreement (the “Debt Exchange Agreement”) with the holder of the April 2022 Senior Convertible Note and the September 2022 Senior Convertible Note (as defined below). As described below, the April 2022 Senior Convertible Note was satisfied in full in connection with the consummation in January 2025 of the transactions contemplated by the Debt Exchange Agreement. The Company issued an additional Senior Secured Convertible Note dated September 8, 2022, referred to herein as the “September 2022 Senior Convertible Note”, with such note having a $11.25 million face value principal, a 7.875% annual stated interest rate, a contractual conversion price of $2,250.00 per share (which conversion price, in connection with the Exchange, was reduced to $32.04 per share as of January 17, 2025) of the Company’s common stock. Concurrent with the Series D Preferred Stock Offering (as defined in Note 11, Preferred Stock), the Company redeemed all 16,962 shares of Series C Preferred Stock outstanding and refinanced all $8,415 in principal and interest of its September 2022 Senior Convertible Note, in consideration of a cash payment to the holder of approximately $22,346 (which was made using proceeds from the sale of the Series D Preferred Stock), the issuance to the holder of an amended and restated 2022 Note (the “2026 Note”) with a principal amount of $15.0 million face value principal and granted the holder the right to receive from the Company 300,000 common shares of Lucid ("Rights"). The total consideration transferred in the concurrent transactions was $37,721, consisting of (i) cash consideration of $22,346, (ii) the fair value of the 2026 Note of $15,000, and (iii) the fair value of the Rights of $375 (discussed below). The total consideration was allocated between the extinguishment of the September 2022 Senior Convertible Note and the redemption of the Series C Preferred Stock based on their relative fair values at the redemption date. The relative fair values were determined on February 3, 2026, based on 132.5% of the principal and interest outstanding of the September 2022 Senior Convertible Note and 132.5% of the stated value of the Series C Preferred Stock. The relative fair values were determined to be approximately 30% for the September 2022 Senior Convertible Note and 70% for the Series C Preferred Stock. The September 2022 Senior Convertible Note, which had an estimated fair value of $11,149, was allocated total consideration of approximately $11,261, including approximately $112 of the Rights value allocation, resulting in a debt extinguishment loss of $3,422 during the six months ended June 30, 2026. The Series C Preferred Stock, which had an estimated fair value of $26,197, was allocated total consideration of approximately $26,460, including approximately $263 of the Rights value allocation. The excess of the consideration allocated to the Series C Preferred Stock redemption over its carrying value of $6,689 was recognized as a deemed dividend to preferred stockholders in the period and included in the calculation of net income (loss) attributable to common stockholders for purposes of net earnings (loss) per share in the accompanying unaudited condensed consolidated statements of operations for six months ended June 30, 2026. The key terms of the 2026 Note are as follows: The 2026 Note accrues interest at a rate of 15.0% per annum, payable in cash quarterly in arrears, and matures on February 3, 2029 (the “2026 Note Maturity Date”), subject to the right of the noteholders to extend the 2026 Note maturity date under certain circumstances. The 2026 Note is required to be senior to all the Company’s other indebtedness, other than certain permitted indebtedness. The 2026 Note is secured by all existing and future assets of the Company and its subsidiaries (but not any existing or future assets of the Company’s subsidiary Lucid), pursuant to the existing security agreement by and between the Company and the Holder. At any time, the Company may redeem all, but not less than all, of the 2026 Note, in cash, at a price equal to the sum of the Conversion Amount (as defined below) plus the amount of additional interest that would accrue under the 2026 Note assuming that the original outstanding principal of the 2026 Note remained outstanding through and including the 2026 Note Maturity Date (or, if earlier, the twenty-four month anniversary of such date) (the “Make-Whole Amount”). In connection with a Change of Control (as defined in the 2026 Note), a noteholder may require us to redeem all, or any portion, of the 2026 Note, in cash, at a price equal to the sum of the Conversion Amount plus the Make-Whole Amount. In connection with an Event of Default (as described below), the noteholder may require the Company to redeem all or any portion of the 2026 Note, in cash, at a price equal to 115% of the sum of the Conversion Amount plus the Make-Whole Amount. Upon the occurrence of certain Events of Default related to bankruptcy, the Company shall immediately redeem all of the 2026 Note, in cash, at the same redemption price. The 2026 Note provides for certain Events of Default, including, among other things, any breach of the covenants described below and any failure of both Lishan Aklog, M.D., the Company’s Chairman and Chief Executive Officer, to serve as its Chief Executive Officer and Dennis McGrath, the Company’s President and Chief Financial Officer, to serve as its Chief Executive Officer or Chief Financial Officer. Under the 2026 Note, the Company is subject to certain customary affirmative and negative covenants regarding the rank of the 2026 Note, the incurrence of 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, transactions with affiliates, changes in collateral and controlled accounts, among other customary matters. The Company also is subject to financial covenants requiring that (i) the amount of the Company’s available cash will equal or exceed $5.0 million as of each Measurement Date (as defined in the 2026 Note) (or, for any Measurement Date on or after July 1, 2026, $8.0 million) (the “Minimum Cash Covenant”), and (ii) as of each Measurement Date, the ratio of (a) the outstanding value of the 2026 Note to (b) the average VWAP of the shares of Lucid’s common stock held by the Company for the preceding 10 business days, will not exceed 65% (or, for any Measurement Date on or after July 1, 2026, 50%), provided that in no event shall the value of the shares of Lucid’s common stock held by the Company have a value of less than $20.0 million. Effective as of June 30, 2026, the Company and the Holder agreed to amend the Minimum Cash Covenant under the 2026 Note to provide that the amount of the Company’s available cash will equal or exceed $2.5 million as of each Measurement Date (or, for any Measurement Date on or after September 15, 2026, $8.0 million), provided that the amendment will be deemed null and void unless by August 25, 2026, the Company is able to deposit $5 million in a blocked account formed for the benefit of the Holder. Accordingly, the Company was in compliance with all covenants under the 2026 Note as of June 30, 2026. Any portion of the principal amount of the 2026 Note, plus accrued and unpaid interest and any late charges thereon or other charges due (the “Conversion Amount”), is convertible at any time, in whole or in part, at the noteholder’s option, into shares of the Company’s common stock at an initial fixed conversion price of $450.00 per share, subject to certain adjustments. A noteholder will not have the right to convert any portion of the 2026 Note, to the extent that, after giving effect to such conversion, the noteholder (together with certain of its affiliates and other related parties) would beneficially own in excess of 4.99% of the shares of the Company’s common stock outstanding immediately after giving effect to such conversion. The noteholder may from time to time increase the maximum percentage to 9.99%, provided that any such increase will not be effective until the 61st day after delivery of a notice to us of such increase. In addition, under the 2026 Note, the Company granted the Holder the right to receive from the Company 300,000 shares of Lucid’s common stock (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations and similar events), upon the earliest of (x) the Maturity Date, (y) the date the 2026 Note no longer remains outstanding and (z) such earlier date as the Company shall notify the Holder in writing, subject to certain beneficial ownership limitations. The obligation is indexed to the fair value of Lucid’s common stock and will be settled in shares. At issuance, the Company recognized a liability related to an obligation to settle 300,000 shares of Lucid. The liability is subsequently measured at fair value, based on the quoted market price of the subsidiary’s common stock (Level 1 input within the fair value hierarchy), with changes in fair value recognized in earnings. As of the issuance date, the fair value of the Rights was $375, included in rights liability, on the accompanying unaudited condensed consolidated balance sheets, based on Lucid’s stock price of $1.25 per share. As of June 30, 2026, the fair value of the Rights decreased to $321, based on a stock price of $1.07 per share. The Company recognized a $54 decrease for the change in fair value of the Rights which is included in change in fair value - rights liability, in the accompanying unaudited condensed consolidated statements of operations for six months ended June 30, 2026. Debt Exchange Agreement On November 15, 2024, the Company entered into the Debt Exchange Agreement with the holder of the April 2022 Senior Convertible Note and the September 2022 Senior Convertible Note. The Debt Exchange Agreement provided for the exchange of $22.3 million in principal amount of the April 2022 Senior Convertible Note and the September 2022 Senior Convertible Note and interest thereon for 22,347 shares of Series C Convertible Preferred Stock, par value $0.001 per share (the “Series C Preferred Stock”), of the Company. On January 17, 2025, the parties consummated the transactions contemplated by the Debt Exchange Agreement. Following consummation of the transactions contemplated by the Debt Exchange Agreement, the April 2022 Senior Convertible Note was satisfied in full, and the outstanding principal balance of the remaining September 2022 Senior Convertible Note was approximately $6.6 million. On November 20, 2024, the Company entered into a Securities Purchase Agreement (the “Series C Securities Purchase Agreement”) with the Holder of the April 2022 Senior Convertible Note and the September 2022 Senior Convertible Note. The Series C Securities Purchase Agreement provided for the purchase of 2,653 shares of Series C Preferred Stock at a price of $1,000 per share, with the purchase price to be satisfied through the cancellation of $2.6 million of certain unsecured debt obligations owed by the Company to the holder (the “Purchase”). On January 24, 2025, after satisfaction of all conditions to closing, the parties consummated the Purchase. Concurrent with the Series D Preferred Stock Offering, the Debt Exchange Agreement was terminated and the September 2022 Senior Convertible Note, as amended by the Debt Exchange Agreement, was amended and restated in its entirety by the issuance of the 2026 Note. During the six months ended June 30, 2025, the Company recognized debt extinguishment losses in total of approximately $58, in connection with the Company issuing shares of its common stock for principal repayments on convertible debt mentioned above. See Note 8, Financial Instruments Fair Value Measurements, for a further discussion of fair value assumptions.

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:28%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">Contractual Maturity Date</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Stated Interest Rate</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Conversion Price per Share</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Face Value Principal Outstanding</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Fair Value</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:28%;">2026 Note</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">February 3, 2029</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">15.000</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0px;padding-right:0;padding-top:0;width:1%;">%</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">450.00</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">15,000</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">15,100</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:28%;">Balance as of June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">15,000</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">15,100</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:28%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">Contractual Maturity Date</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Stated Interest Rate</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Conversion Price per Share</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Face Value Principal Outstanding</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Fair Value</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:28%;">September 2022 Senior Convertible Note</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">December 31, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">7.875</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0px;padding-right:0;padding-top:0;width:1%;">%</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">32.04</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">7,839</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">11,100</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:28%;">Balance as of December 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">7,839</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">11,100</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> </tbody></table>

2029-02-03

0.15

450

15000000

15100000

15000000

15100000

2026-12-31

0.07875

32.04

7839000

11100000

7839000

11100000

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;">September 2022 Senior Convertible Note</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;">2026 Note</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;">Sum of Balance Sheet Fair Value Components</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;">Other Income (expense)</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:52%;">Fair Value - March 31, 2026</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">14,900</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">14,900</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;">Face value principal – issue date</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;">Non-installment payments – cash interest paid</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">(365</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">(365</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Change in fair value</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">565</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">565</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">(565</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0px;padding-right:0;padding-top:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Fair Value at June 30, 2026</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">15,100</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">15,100</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Other Income (Expense) - Change in fair value – three month period ended June 30, 2026</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:9%;">(565</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0px;padding-right:0;padding-top:0;width:1%;">)</td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:14%;">September 2022 Senior Convertible Note</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:12%;">2026 Note</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:12%;">Sum of Balance Sheet Fair Value Components</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:12%;">Other Income (expense)</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;">Fair Value - December 31, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:13%;">11,100</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">11,100</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;">Face value principal – issue date</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:13%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">15,000</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">15,000</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:42%;">Non-installment payments – cash interest paid</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:13%;">—</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:11%;">(365</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:11%;">(365</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:11%;">—</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;">Principal repayments – cash</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:13%;">(7,840</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">(7,840</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;">Change in fair value</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:13%;">(3,260</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">465</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">(2,795</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">2,795</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;">Fair Value at June 30, 2026</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:13%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">15,100</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">15,100</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:42%;">Other Income (Expense) - Change in fair value – six months ended June 30, 2026</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:13%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:11%;">2,795</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:42%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">April 2022 Senior Convertible Note</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">September 2022 Senior Convertible Note</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Sum of Balance Sheet Fair Value Components</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Other Income (expense)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:42%;">Fair Value - March 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">—</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">6,600</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">6,600</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">—</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:42%;">Change in fair value</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">—</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">200</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">200</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">(200</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:42%;">Fair Value at June 30, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">—</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">6,800</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">6,800</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:42%;">Other Income (Expense) - Change in fair value – three month period ended June 30, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">(200</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;">)</td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:10%;">April 2022 Senior Convertible Note</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:10%;">September 2022 Senior Convertible Note</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:10%;">Sum of Balance Sheet Fair Value Components</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:10%;">Other Income (expense)</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Fair Value - December 31, 2024</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">20,300</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">8,800</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">29,100</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Installment repayments – common stock</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(176</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(176</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Non-installment payments – common stock</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(26</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(26</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Principal paydown through exchange</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(17,602</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(871</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(18,473</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Non-installment payment through exchange</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(2,772</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(1,102</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(3,874</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Change in fair value</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">74</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">175</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">249</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(249</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Fair Value at June 30, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">6,800</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">6,800</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;"></td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Times New Roman;font-size:10pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:51%;">Other Income (Expense) - Change in fair value – six months ended June 30, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;"></td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;"></td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:9%;"></td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:9%;">(249</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td></tr> </tbody></table>

14900000

-0

365000

-0

-565000

15100000

-565000

11100000

15000000

-0

365000

7840000

-0

7840000

-3260000

465000

-2795000

2795000

15100000

2795000

6600000

-0

-200000

6800000

-200000

20300000

8800000

29100000

-0

176000

-0

26000

17602000

871000

18473000

-2772000 -1102000 -3874000

74000

175000

249000

-249000

6800000

-249000

27500000

11250000

0.07875

2250

32.04

16962

8415000

22346000

15000000

300000

37721000

22346000

15000000

375000

1.325

0.30 0.70

11149000

11261000

112000

3422000

26197000

26460000

263000

6689000

0.15

1.15 5000000 8000000

0.65

0.50

20000000 2500000 8000000 5000000

450

0.0499 0.0999

300000

375000

1.25

321000

1.07

54000

22300000

22347

0.001

6600000

2653

1000

2600000

-58000

1713517

583351

1446

49784

1500000

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:46%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Number of Stock Options</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">Weighted Average Exercise Price</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">Remaining Contractual Term (Years)</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">Intrinsic Value(2)</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:46%;">Outstanding stock options at December 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">45,834</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:10%;">354.62</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:10%;">6.6</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">—</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:46%;">Granted(1)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">68,084</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:10%;">9.27</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:10%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:46%;">Exercised</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">—</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:10%;">—</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:10%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:46%;">Forfeited</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">(3,076</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:10%;">1,326.36</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:10%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:46%;">Outstanding stock options at June 30, 2026(3)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">110,842</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:10%;">115.53</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:10%;">8.6</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">2</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:46%;">Vested and exercisable stock options at June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">33,576</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:10%;">355.18</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:10%;">6.5</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:11%;">—</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> </tbody></table>

45834

354.62

P6Y7M6D

68084

9.27

3076

1326.36

110842

115.53

P8Y7M6D

2000

33576

355.18

P6Y6M

1446

1816

37500

9.47

7.69

223500

4.95

67739

58.27

935650

9.83

173.92

-0

1003321

13.09

46000

400000

889650

8800000

60000

300000

8000

1000

13000

46000

874000

148000

1029000

944000

35000

13000

57000

102000

917000

162000

1099000

1092000

579000

P2Y3M18D

9097000

P2Y9M18D

6.79

12.6

P5Y9M18D

1.04

1.01

0.039

221112

215774

5667

200000

Note 11 — Preferred Stock As of June 30, 2026 and December 31, 2025, there were 1,591,209 and 1,529,389 shares of PAVmed Series B Convertible Preferred Stock, classified in permanent equity, issued and outstanding, respectively. PAVmed Series B Convertible Preferred Stock Dividends The Series B Convertible Preferred Stock is issued pursuant to the PAVmed Certificate of Designation of Preferences, Rights, and Limitations of Series B Convertible Preferred Stock (“Series B Convertible Preferred Stock Certificate of Designation”), has a par value of $0.001 per share, no voting rights, a stated value of $3.00 per share, and was immediately convertible upon its issuance. At the holders’ election, 450 shares of Series B Convertible Preferred Stock are currently convertible into one share of common stock of the Company, subject to further adjustment for the effect of future stock dividends, stock splits or similar events affecting the Company’s common stock. The Series B Convertible Preferred Stock shall not be redeemed for cash and under no circumstances shall the Company be required to net cash settle the Series B Convertible Preferred Stock. The PAVmed Series B Convertible Preferred Stock dividends are 8.0% per annum based on the $3.00 per share stated value of the Series B Convertible Preferred Stock, with such dividends compounded quarterly, accumulate, and are payable in arrears upon being declared by the Company’s board of directors. Such dividends may be settled, at the discretion of the board of directors, through any combination of the issue of additional shares of Series B Convertible Preferred Stock, the issue shares of common stock of the Company, and /or cash payment. PAVmed Series B Convertible Preferred Stock Dividends Earned The Series B Convertible Preferred Stock dividends earned are included in the calculation of basic and diluted net loss attributable to PAVmed common stockholders for each of the respective corresponding periods presented in the accompanying condensed consolidated statement of operations, inclusive of $95 and $189 of such dividends earned in the three and six months ended June 30, 2026, respectively; and $88 and $175 of such dividends earned in the three and six months ended June 30, 2025, respectively. PAVmed Series B Convertible Preferred Stock Dividends Declared During the six months ended June 30, 2026, the Company’s board of directors declared an aggregate of approximately $185 of Series B Convertible Preferred Stock dividends, inclusive of $92 earned as of December 31, 2025; and $93 earned as of March 31, 2026, with such dividends settled by the issue of an additional aggregate 61,820 additional shares of Series B Convertible Preferred Stock, inclusive of 30,602 shares issued with respect to the dividends earned as of December 31, 2025; and 31,218 shares issued with respect to the dividends earned as of March 31, 2026. During the six months ended June 30, 2025, the Company’s board of directors declared an aggregate of approximately $171 of Series B Convertible Preferred Stock dividends, inclusive of $85 earned as of December 31, 2024; and $86 earned as of March 31, 2025, with such dividends settled by the issue of an additional aggregate 57,104 additional shares of Series B Convertible Preferred Stock, inclusive of 28,270 shares issued with respect to the dividends earned as of December 31, 2024; and 28,834 shares issued with respect to the dividends earned as of March 31, 2025. Subsequent to June 30, 2026, on July 28, 2026, the Company’s board of directors declared a PAVmed Series B Convertible Preferred Stock dividend, earned as of June 30, 2026, of $95, to be settled by the issue of 31,837 additional shares of Series B Convertible Preferred Stock. The PAVmed Series B Convertible Preferred Stock dividends are recognized as a dividend payable liability only upon the dividend being declared payable by the Company’s board of directors. Accordingly, the dividends declared payable subsequent to the date of the accompanying consolidated balance sheet were not recognized as a dividend payable liability as the Company’s board of directors had not declared the dividends payable as of each such date. PAVmed Series C Convertible Preferred Stock The Series C Preferred Stock was issued pursuant to the PAVmed Certificate of Designation of Preferences, Rights, and Limitations of Series C Convertible Preferred Stock (“Series C Convertible Preferred Stock Certificate of Designation”) and had a par value of $0.001 per share. Each share of Series C Preferred Stock had a stated value of $1,000 (plus the amount of any dividends thereon that are capitalized), and entitled the holder thereof to a preferred dividend at a rate of 7.875% per annum, payable quarterly in arrears. The Series C Preferred Stock was entitled to vote with the holders of shares of Common Stock, voting together as one class, on all matters in which the holders of the preferred shares were permitted to vote with the class of shares of Common Stock pursuant to applicable law, on an as-converted basis (subject to certain limitations, including the beneficial ownership limitation described below). The stated value of each share of Series C Preferred Stock, plus accrued and unpaid dividends thereon, was convertible at any time, in whole or in part, at the holder’s option, into shares of the Company’s common stock at an initial fixed conversion price of $32.04 per share, subject to certain adjustments (including as a result of voluntary conversion price reductions approved by the Company’s board). The Company also granted the holder of the Series C Preferred Stock the right, exercisable during the applicable waiver periods, to exchange up to $2.0 million per waiver period of Series C Preferred Stock for an equivalent increase in the principal amount of the September 2022 Senior Convertible Note (although no exchange elections were made under this provision during any of the waiver periods) (the “2025 Exchange Right”). The 2025 Exchange Right granted pursuant to the 2025 Waivers provided the holder with a substantive redemption feature outside of the Company’s control during the waiver period. As a result, during the applicable waiver periods, the affected Series C Preferred Stock no longer met the criteria for classification as permanent equity and was reclassified to mezzanine equity. The 2025 Exchange Right expired unexercised on November 30, 2025, at which time the Company reclassified the affected Series C Preferred Stock back to permanent equity. While the Series C Preferred Stock was outstanding, the Company's board approved from time to time a conversion price reduction in consideration of certain waivers. For each such conversion price reduction, the Company recognized the incremental value as a deemed dividend to the holder of the Series C Preferred Stock. In the aggregate, the Company recognized deemed dividend charges of $1,607 for the six months ended June 30, 2025, which increased net loss available to common stockholders on the consolidated statements of operations. The incremental fair value associated with the Series C Preferred Stock modifications was determined using Monte Carlo simulation models. The fair value of the conversion price reduction was estimated based on the adjusted conversion price of $12.00 and the applicable number of shares of the Company’s common stock issuable upon conversion, including the impact of any additional share allotments. The models utilized the following assumptions: a required rate of return of 14.5%, dividend yield of 0%, volatility of 40%, and risk-free rates ranging from 3.98% to 4.30%. The estimated fair value of the reduced conversion price was compared to the fair value of the conversion price immediately prior to each modification, which reflected a conversion price of $32.04 and incorporated the same required rate of return, dividend yield, expected volatility, and risk-free interest rate assumptions. The excess of the fair value of the modified conversion feature over the fair value immediately prior to the modification was recognized as a deemed dividend. During the year ended December 31, 2025, the Company elected to capitalize each of the quarterly dividends earned on its Series C Preferred Stock, which totaled $1,784 in the aggregate (including $879 as of June 30, 2025). As a result, the stated value increased from $1,000 to $1,080 over the same period. As of the date of redemption of all outstanding Series C Preferred Stock, February 3, 2026, the Company elected to capitalize earned dividends of $145. In the three and six months ended June 30, 2025, the Company issued 84,670 and 128,004 shares of our common stock in connection with the conversion of 1,000 and 1,520 shares of Series C Preferred Stock, respectively. In the six months ended June 30, 2026, the Company issued 433,546 shares of its common stock upon the conversion of 2,495 shares of Series C Preferred Stock with a carrying value of $1,387. Further, on February 3, 2026, concurrently with the Series D Preferred Stock Offering (as defined below), the Company redeemed all 16,962 shares of Series C Preferred Stock outstanding and refinanced all $8,415 in principal and interest of its September 2022 Senior Convertible Note, in consideration of a cash payment to the holder thereof of approximately $22.3 million (which was made using proceeds from the sale of the Series D Preferred Stock), and the issuance of the 2026 Note with a principal amount of $15.0 million face value principal. PAVmed Series D Convertible Preferred Stock On February 3, 2026, the Company entered into subscription agreements with certain accredited investors (the “Series D Preferred Stock Investors”) and, pursuant to and concurrently with the execution of the Subscription Agreements, sold to the Series D Preferred Stock Investors, for an aggregate purchase price of $30 million (net $29.9 million after financing fees), (i) 30,000 shares of the Company’s newly designated Series D Convertible Preferred Stock, par value $0.001 per share (the “Series D Preferred Stock”), and (ii) warrants (the “Series D Preferred Stock Warrant”) to purchase an additional 30,000 shares of Series D Preferred Stock, with each investor receiving 100 shares of Series D Preferred Stock and a warrant to purchase 100 shares of Series D Preferred Stock for each $100 of its investment (the “Series D Preferred Stock Offering”). The initial conversion price of the Series D Preferred Stock is $6.50 per share, subject to adjustment in the event of stock splits, stock dividends, and similar transactions. The Series D Preferred Stock carried no stated dividends, but holders were able to participate in any distributions on an as-converted basis. Holders were entitled to vote together with common stockholders on an as-converted basis, subject to beneficial ownership and primary market limitations. In the event of liquidation, dissolution, winding up, or a deemed liquidation event, holders of Series D Preferred Stock were ranked pari passu with the Company’s Series B Preferred Stock. Upon a fundamental transaction, holders were entitled to receive the same kind and amount of consideration as holders of common stock on an as-converted basis, including any election rights available to common stockholders. The Series D Preferred Stock was initially convertible into shares of the Company’s common stock upon receipt of shareholder approval required under Nasdaq rules related to issuances in excess of certain ownership thresholds. Prior to shareholder approval, the Series D Preferred Stock was contingently redeemable upon the occurrence of certain events outside the control of the Company and was therefore classified as temporary equity. The Series D Preferred Stock Warrants were initially classified as liabilities and recorded at fair value, with subsequent changes in fair value recognized in the Company's unaudited condensed consolidated statements of operations, because the underlying Series D Preferred Stock was contingently redeemable prior to shareholder approval. Upon issuance, the Company allocated $13,518 of the proceeds to the Series D Preferred Stock Warrants based on their fair value as determined using a Black-Scholes valuation model, with the residual $16,482 allocated to the Series D Preferred Stock and recorded within temporary equity. On March 27, 2026, PAVmed's shareholders approved the conversion of the Series D Preferred Stock into shares of the Company's common stock. Upon shareholder approval, the redemption feature ceased to apply and was superseded by the mandatory conversion feature. Accordingly, the Series D Preferred Stock was determined to be permanent equity. Promptly following such approval, on the same date, all outstanding shares of Series D Preferred Stock, with a carrying value of $16,392, were converted in full into 4,615,393 shares of the Company's common stock at the applicable conversion price. Notwithstanding the conversion of the Series D Preferred Stock into shares of our common stock, the Series D Preferred Stock Warrants remain outstanding. Upon the publication by Molecular Diagnostic Services Program (MolDx) of a draft local coverage determination that EsoGuard will be covered by Medicare, the Series D Preferred Stock Warrant will be callable by the Company effectively at a price of $0.001 per warrant share. The Company may send written notice to the holders after such condition has been satisfied and, after receipt of such notice, the holders will have 30 days to exercise the warrants. The Series D Warrants expire on February 3, 2031. Following stockholder approval and the mandatory conversion of Series D Preferred Stock into common stock, any shares of Series D Preferred Stock issuable upon exercise of the warrants would automatically convert into shares of common stock at $6.50 per share. As a result, the Company reassessed and determined that the warrants qualify for equity classification because settlement is within the Company's control and the warrants are effectively exercisable for a fixed number of shares of common stock. Immediately prior to the warrants qualifying equity classification, the Company remeasured the warrant liability to its final fair value of $11,687 using a Black-Scholes valuation model. As a result, the Company recognized a gain of $1,831 in the unaudited condensed consolidated statements of operations for the six months ended June 30, 2026. Upon reclassification, the Company transferred the final fair value of the warrant liability of $11,687 to additional paid-in capital. Subsequent changes in fair value are no longer recognized. The fair value of the warrant liability was measured using a Black-Scholes valuation model and was classified within Level 3 of the fair value hierarchy due to the use of significant unobservable inputs. Significant assumptions used in the valuations included a stock price of $9.57 at issuance and $8.67 at the reclassification date, an effective exercise price of $6.50, expected volatility of 40.0%, a risk-free interest rate ranging from 3.76% - 3.97%, expected terms of 5.0 years at issuance and 4.86 years at the reclassification date, and a dividend yield of 0.0%.

1591209

1529389

0.001

0.08

95000

189000

88000

175000

185000

92000

93000

61820

30602

31218

171

85000

57104

28270

28834

31837

0.001

1000

0.07875

32.04

2000000

1607000 12 0.145 0 0.40 3.98 0.043

32.04

1784000

879000

1000 1080

145000

84670

128004

1000

1520

433546

2495

1387

16962

8415000

22300000

15000000

30000000

29900000

30000

0.001

30000

100

6.5

13518000

16482000

16392000

4615393

0.001

6.5

11687000

-1831000

11687000

9.57

8.67

6.5

0.40

0.0376

0.0397

4.86

Note 12 — Common Stock and Common Stock Purchase Warrants Common Stock On January 23, 2025, the Company received a notice from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that, for the prior 30 consecutive business days (through January 22, 2025), the closing bid price of the Company’s common stock had been below the minimum of $1 per share required for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The notification letter stated that the Company would be afforded 180 calendar days (until July 22, 2025) to regain compliance. In order to regain compliance, the closing bid price of the Company’s common stock must be at least $1 for a minimum of ten consecutive business days. On July 29, 2025, the Company received an additional notice from the Listing Qualifications Department of Nasdaq stating that the Company is eligible for an additional 180-day period (until January 19, 2026) to regain compliance with this requirement. From and after the reverse split, effective on January 2, 2026, through January 20, 2026, the minimum bid price of the Company's common stock was greater than $1.00. On January 21, 2026, the Company received a letter from the Listing Qualifications Department of Nasdaq, stating the Company had regained compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. In the six months ended June 30, 2026, the Company issued 225,000 shares of common stock to vendors in exchange for $1,951 of agreed upon services, which is included in general and administrative operating expenses on the Company’s unaudited condensed consolidated statement of operations. On April 17, 2025, the Company entered into a Sales Agreement (the “Sales Agreement”) with Maxim Group LLC, as sales agent (“Maxim”), pursuant to which the Company may offer and sell, from time to time through or to Maxim, shares of its common stock in an “at the market" facility (the "ATM"). Under the Sales Agreement, the Company may not issue or sell through Maxim a dollar amount of shares that would exceed $2.88 million of shares. Subsequent to June 30, 2026, through August 13, 2026, the Company sold 675,679 shares through the ATM equity facility for net proceeds of approximately $2.8 million, after payment of 3% commissions, or approximately $0.1 million. Following these sales, the Company has fully utilized the capacity available under the ATM equity facility, and no additional shares remain available for issuance thereunder.

225000

1951000

2880000

675679

2800000 0.03

100000

Note 13 — Noncontrolling Interest The noncontrolling interest (“NCI”) included as a component of consolidated total stockholders’ equity is summarized for the periods indicated as follows: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;">June 30, 2026</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:85%;">NCI – equity - December 31, 2025</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">(11,667</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Net loss attributable to NCI</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">(2,218</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Impact of subsidiary equity transactions</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">(1,872</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Stock-based compensation expense - Veris Health 2021 Equity Plan</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">16</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">NCI – equity – June 30, 2026</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:12%;">(15,741</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:3px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td></tr> </tbody></table> The consolidated NCI presented above is with respect to the Company’s consolidated subsidiaries as a component of consolidated total stockholders’ equity as of June 30, 2026 and December 31, 2025; and the recognition of a net loss attributable to the NCI in the unaudited condensed consolidated statement of operations for the periods beginning on the acquisition date of the respective subsidiaries. Veris Health As of June 30, 2026, there were 12,023,979 shares of common stock of Veris Health issued and outstanding, of which PAVmed holds a 52.20% majority-interest ownership and PAVmed has a controlling financial interest, with the remaining 47.80% minority-interest ownership held by unrelated third-parties. These ownership interests in Veris Health do not reflect the approximately $24.0 million of intercompany debt owed by Veris to PAVmed, which at the stated conversion price of $1.50, is convertible into 16,001,294 shares of common stock of Veris Health; giving effect to the conversion of such note, PAVmed’s ownership interest in Veris would be 79.50%. Accordingly, Veris Health is a consolidated majority-owned subsidiary of the Company, for which a provision of a noncontrolling interest (NCI) is included as a separate component of consolidated stockholders’ equity in the accompanying unaudited condensed consolidated balance sheets. On June 23, 2025, Veris entered into subscription agreements (each, a “Veris June 2025 Subscription Agreement”) with certain accredited investors (collectively, the “June 2025 Investors”), pursuant to which Veris agreed to sell and the Investors agreed to purchase (the “June 2025 Offering”) 1,800,000 shares of common stock, par value $0.001 per share, of Veris (“Veris Common Stock”) and warrants to purchase 1,800,000 shares of Veris Common Stock (“Veris Warrants”), at a purchase price of $1.40 per share of Veris Common Stock. On the same day, Veris consummated the June 2025 Offering, generating gross proceeds to Veris of approximately $2.5 million, with less than $0.1 million of issuance costs. The proceeds of the offering will be used to continue development activities related to Veris’ implantable physiological monitor and for general working capital purposes. The Veris June 2025 Subscription Agreements contain customary representations, warranties, covenants and indemnities of Veris and the June 2025 Investors, as well as a covenant by Veris to provide the June 2025 Investors with protection against subsequent equity raises by Veris at a lower valuation (solely to the extent the June 2025 Investors continue to hold the shares issued in the June 2025 Offering), with such protection to be effected through the issuance of additional shares of Veris Common Stock. In addition, Veris granted certain of the June 2025 Investors a 100% participation right in future offerings of equity securities by Veris, subject to existing participation rights of the Company’s debt holder, and agreed not to incur any indebtedness until December 23, 2026, subject to certain exceptions. In accordance with the Veris June 2025 Subscription Agreement, Veris also entered into a registration rights agreement (the “Registration Rights Agreement”) with the June 2025 Investors, pursuant to which Veris granted the June 2025 Investors customary demand and piggyback registration rights. The June 2025 Investors may exercise the demand registration rights only if Veris consummates a going public transaction. The Veris Warrants become exercisable six months after issuance and expire on the earlier of (i) the five-year anniversary of the initial exercise date and (ii) the 60th day following receipt by Veris of FDA approval of its implantable physiological monitor. The Veris Warrants have an exercise price of $1.40 per share, subject to adjustment as described below. The Veris Warrants may be exercised only for cash. The exercise price and number and type of securities or other property issuable on exercise of the Veris Warrants may be adjusted in certain circumstances, including in the event of a stock split or combination, stock dividend, or a recapitalization, reorganization, merger or similar transaction. In addition, if Veris completes a subsequent equity raise at a lower valuation, the exercise price of the Veris Warrants will be reduced to such lower valuation and the number of shares issuable on exercise of the Veris Warrants will be increased so that the aggregate exercise price remains the same. In addition, a holder of the Veris Warrants will be entitled to participate in rights offerings or pro rata distributions by Veris. The Veris Warrants are classified as equity as they are indexed to Veris’s common stock and meet the criteria for equity classification. Certain investors have been granted anti-dilution rights by Veris, pursuant to which Veris may be obligated to issue such investors additional shares of common stock, in the event of certain financings by PAVmed or Veris. On February 3, 2026 such anti-dilution rights were triggered by the February 2026 Financing. Accordingly, promptly after such financing, Veris issued to the investors holding those rights, in the aggregate, 1,260,792 shares of its common stock.

-11667000

-2218000

1872000

16000

-15741000

12023979

0.522

0.478

24000000

1.5

16001294

0.795

1800000

0.001

1800000

1.4

2500000

100000

1.4

1260792

Note 14 — Net Income (Loss) Per Share The Net income (loss) per share - attributable to PAVmed - basic and diluted and Net income (loss) per share - attributable to PAVmed common stockholders - basic and diluted - for the respective periods indicated - is as follows: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="6" style="font-family:Times New Roman;font-size:10pt;padding:0;">Three Months Ended</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="6" style="font-family:Times New Roman;font-size:10pt;padding:0;">Six Months Ended</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">June 30,</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">June 30,</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">2026</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">2025</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">2026</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">2025</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:52%;">Numerator</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) - before noncontrolling interest</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(6,598</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(12,324</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(7,662</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">6,300</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) attributable to noncontrolling interest</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">1,214</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">403</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">2,218</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">747</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) - as reported, attributable to PAVmed</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(5,384</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:3px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(11,921</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:3px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(5,444</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:3px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">7,047</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:3px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Series B Convertible Preferred Stock dividends – earned</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(95</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(88</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(189</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(175</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Series C Convertible Preferred Stock dividends - earned</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(481</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(145</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(879</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Deemed dividend on Series C Convertible Preferred Stock</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(818</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(6,689</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(1,607</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) attributable to PAVmed common stockholders used in basic EPS calculation</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(5,479</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(13,308</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(12,467</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">4,386</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Fair Value Adjustment for diluted EPS calculation</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">249</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;">Add back: Series C Convertible Preferred Stock dividends and deemed dividends</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">2,486</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) attributable to PAVmed common stockholders used in dilutive EPS calculation</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(5,479</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(13,308</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(12,467</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">7,121</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Denominator</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Weighted average common shares outstanding, basic</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">6,269,384</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">602,822</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">3,938,037</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">533,068</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Add: Restricted stock awards</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">10,764</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Add: Senior Convertible Note</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">574,126</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Add: Series C Convertible Preferred Stock</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">691,141</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Weighted average common shares outstanding, diluted</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">6,269,384</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">602,822</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">3,938,037</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">1,809,099</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) per share (1)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) per share attributable to PAVmed common stockholders, basic</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(0.87</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(22.08</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(3.17</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">8.23</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) per share attributable to PAVmed common stockholders, diluted</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(0.87</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(22.08</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(3.17</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">3.94</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> </tbody></table> <table style="border-collapse:collapse;height:auto;width:100%;"><tbody><tr><td style="padding:0;vertical-align:top;width:18pt;">(1)</td><td style="padding:0;vertical-align:top;">- Convertible preferred stock and restricted stock awards would potentially be considered a participating security under the two-class method of calculating net income (loss) per share. For periods where losses are presented, such holders are not contractually obligated to share in the losses, there is no impact on the Company’s net income (loss) per share calculation for the periods indicated.</td></tr> </tbody></table> The common stock equivalents that 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 each of the respective periods noted, are included in the calculation of basic and diluted net loss attributable to PAVmed 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 three and six months ended June 30, 2026 and 2025 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 the three and six months ended June 30, 2026, 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: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;">June 30,</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;">2026</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;">2025</td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:70%;">Stock options</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">110,842</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">27,405</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Restricted stock awards</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">1,003,321</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Series D Warrants</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">4,615,393</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Senior Convertible Note</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">33,333</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">—</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Series B Convertible Preferred Stock</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">3,536</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">3,172</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:10pt;padding:0;">Total</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">5,766,425</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:10pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:12%;">30,577</td><td style="font-family:"Times New Roman";font-size:10pt;padding:0;width:1%;"> </td></tr> </tbody></table> The total stock options are inclusive of 1,446 and 1,816 stock options as of June 30, 2026 and 2025, respectively, granted outside the PAVmed 2014 Equity Plan.

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:10pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="6" style="font-family:Times New Roman;font-size:10pt;padding:0;">Three Months Ended</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="6" style="font-family:Times New Roman;font-size:10pt;padding:0;">Six Months Ended</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">June 30,</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">June 30,</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">2026</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">2025</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">2026</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;">2025</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:52%;">Numerator</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) - before noncontrolling interest</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(6,598</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(12,324</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(7,662</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">6,300</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) attributable to noncontrolling interest</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">1,214</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">403</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">2,218</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">747</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) - as reported, attributable to PAVmed</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(5,384</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:3px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(11,921</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:3px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(5,444</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:3px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">7,047</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:3px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Series B Convertible Preferred Stock dividends – earned</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(95</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(88</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(189</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(175</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Series C Convertible Preferred Stock dividends - earned</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(481</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(145</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(879</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Deemed dividend on Series C Convertible Preferred Stock</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(818</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(6,689</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(1,607</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) attributable to PAVmed common stockholders used in basic EPS calculation</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(5,479</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(13,308</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(12,467</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">4,386</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Fair Value Adjustment for diluted EPS calculation</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">249</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;">Add back: Series C Convertible Preferred Stock dividends and deemed dividends</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:9%;">2,486</td><td style="font-family:Times New Roman;font-size:10pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) attributable to PAVmed common stockholders used in dilutive EPS calculation</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(5,479</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(13,308</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(12,467</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);border-top:1px solid #000000;font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">7,121</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Denominator</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Weighted average common shares outstanding, basic</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">6,269,384</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">602,822</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">3,938,037</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">533,068</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Add: Restricted stock awards</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">10,764</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Add: Senior Convertible Note</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">574,126</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Add: Series C Convertible Preferred Stock</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">—</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">691,141</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Weighted average common shares outstanding, diluted</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">6,269,384</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">602,822</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">3,938,037</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">1,809,099</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) per share (1)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;padding:0;"> </td><td style="font-family:Times New Roman;font-size:10pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) per share attributable to PAVmed common stockholders, basic</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(0.87</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(22.08</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(3.17</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">8.23</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:10pt;padding:0;">Net income (loss) per share attributable to PAVmed common stockholders, diluted</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(0.87</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(22.08</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">(3.17</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:10pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:10pt;padding:0;width:9%;">3.94</td><td style="font-family:Times New Roman;font-size:10pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"> </td></tr> </tbody></table>

-6598000

-12324000

-7662000

6300000

-1214000

-403000

-2218000

-747000

-5384000

-11921000

-5444000

7047000

95000

88000

189000

175000

-0

481000

145000

879000

-0 818000 6689000 1607000

-5479000

-13308000

-12467000

4386000

249000

2486000

-5479000

-13308000

-12467000

7121000

6269384

602822

3938037

533068

10764

574126

691141

6269384

602822

3938037

1809099

-0.87

-22.08

-3.17

8.23

-0.87

-22.08

-3.17

3.94

110842

27405

1003321

4615393

33333

3536

3172

5766425

30577

1446

1816

Note 15 — Segment Information PAVmed’s Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). The CODM uses consolidated net income (loss) to assess segment profit or loss, allocate resources and assess performance. Further, the CODM reviews and utilizes functional expenses (cost of revenues, sales and marketing, research and development, and general and administrative) at the consolidated level to manage the Company’s operations. The Company’s significant segment expenses and other segment items align with the financial statements line items presented in the consolidated statements of operations. During the three and six months ended June 30, 2026 and 2025, revenues resulting from subscription revenue was concentrated in the United States. The measure of segment assets is reported on the balance sheet as total consolidated assets, and concentrated in the United States.

<a class="rdg-anchor" href="#"></a><a class="rdg-anchor" href="#" id="otherinfo"></a>Item 5. Other Information Effective as of June 30, 2026, the Company and the Holder agreed to amend the Minimum Cash Covenant under the 2026 Note to provide that the amount of the Company’s available cash will equal or exceed $2.5 million as of each Measurement Date (or, for any Measurement Date on or after September 15, 2026, $8.0 million), provided that the amendment will be deemed null and void unless by August 25, 2026, the Company is able to deposit $5 million in a blocked account formed for the benefit of the Holder. Accordingly, the Company was in compliance with all covenants under the 2026 Note as of June 30, 2026. During the fiscal quarter ended June 30, 2026, none of our directors or officers (as defined in Rule 16a-1 under the Exchange Act) adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (as those terms are defined in Item 408 of Regulation S-K). The outstanding stock options presented in the table above are inclusive of 1,816 stock options granted outside the PAVmed 2014 Equity Plan, as of March 31, 2026 and December 31, 2025. The intrinsic value is computed as the difference between the quoted price of the PAVmed common stock on each of March 31, 2026 and December 31, 2025 and the exercise price of the underlying PAVmed stock options, to the extent such quoted price is greater than the exercise price. Stock options granted under the PAVmed 2014 Equity Plan and those granted outside such plan generally vest one-third in one year then ratably over the next eight quarters, and have a ten-year contractual term from date-of-grant.