Company: SNWV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038937
Chunk: 54

Company: SANUWAVE Health, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 SANUWAVE Health, Inc. effective as of January 1, 2010 (the “Stock Incentive Plan”). Upon the approval of the 2024 Plan by the Company's stockholders, no further awards will be made under the Stock Incentive Plan.The Stock Incentive Plan permitted grants of awards to selected employees, directors, and advisors of the Company in the form of restricted stock or options to purchase shares of common stock. Options granted may include non-statutory options as well as qualified incentive stock options. The Stock Incentive Plan is administered by the board of directors of the Company. The Stock Incentive Plan gives broad powers to the board of directors of the Company to administer and interpret the form and conditions of each option.The following table presents stock compensation expense recognized by the Company for the three and six months ended June 30, 2025. Total unrecognized compensation cost related to equity awards as of June 30, 2025 was $9.9 million and is expected to be recognized over a weighted average period of 2.48 years. All stock compensation expense from the Stock Incentive Plan was recognized prior to 2024. The first grants from the 2024 Plan were issued in the three months ended December 31, 2024, thus there is no expense for the three and six months ended June 30, 2024. The Company recognizes compensation expense on a straight-line basis over the requisite service period, net of actual forfeitures.Three Months Ended June 30,Six Months Ended June 30,(in thousands)20252025Cost of revenues$9 $18 General and administrative905 1,706 Selling and marketing208366Research and development1026Total expense$1,132 $2,116 The following table presents a summary of stock options award activity during the six months ended June 30, 2025:

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Number of Options (in thousands)Weighted Average Exercise PriceWeighted Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (in thousands)Outstanding, December 31, 20241,137 $15.97 9.5$9,305 Granted342 28.75 6.81,411 Exercised(17)14.89 0.0306 Forfeited(153)19.45 0.0- Outstanding, June 30, 20251,309 $17.53 8.6