Company: SNWV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023881
Chunk: 23

Company: SANUWAVE Health, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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Additional paid-in capital239,786 238,685 Accumulated deficit(257,097)(251,421)Accumulated other comprehensive loss10 10 Total Stockholders’ Deficit(17,292)(12,717)Total Liabilities and Stockholders’ Deficit$30,855 $30,119 

* Reflects a one-for-three hundred seventy-five (1:375) reverse stock split of the outstanding shares of the Company's common stock effected on October 18, 2024.

The accompanying notes to condensed consolidated financial statements are an integral part of these financial statements.

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SANUWAVE HEALTH, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(UNAUDITED)

(In thousands, except share data)

Three Months Ended March 31,20252024Revenue$9,342 $5,786 Cost of Revenues1,958 1,584 Gross Margin7,384 4,202 Operating Expenses:General and administrative4,467 3,675 Selling and marketing1,531 1,232 Research and development208 163 Depreciation and amortization192 182 Total Operating Expenses6,398 5,252 Operating Income (Loss)986 (1,050)Other Income (Expense):Interest expense(1,852)(3,237)Interest expense, related party- (323)Loss on extinguishment of debt- (105)Change in fair value of derivative liabilities(4,901)(2,501)Other expense(1)(102)Other income92 2,790 Total Other Expense(6,662)(3,478)Net Loss$(5,676)$(4,528)Other Comprehensive LossForeign currency translation adjustments- 111 Total Comprehensive Loss$(5,676)$(4,417)Loss per Share:Basic and Diluted *$(0.66)$(1.46)Weighted average shares outstandingBasic and Diluted *8,547,6753,099,335

* Reflects a one-for-three hundred seventy-five (1:375) reverse stock split of the outstanding shares of the Company's common stock effected on October 18, 2024.

The accompanying notes to condensed consolidated financial statements are an integral part of these financial statements.

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SANUWAVE HEALTH, INC. AND SUBS