Company: SNWV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050280
Chunk: 50

Company: SANUWAVE Health, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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 uses various inputs to measure the outstanding warrants on a recurring basis to determine the fair value of the liabilities. The following tables classify the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy:Fair value measured at September 30, 2025(in thousands)Fair value atSeptember 30, 2025Quoted prices inactive markets(Level 1)Significant otherobservable inputs(Level 2)Significantunobservable inputs(Level 3)Warrant liability$5,921 $- $- $5,921 Fair value measured at December 31, 2024(in thousands) Fair value at December 31, 2024Quoted prices inactive markets(Level 1)Significant otherobservable inputs(Level 2)Significant unobservable inputs(Level 3)Warrant liability$8,107 $- $- $8,107 There were no transfers among Levels 1, 2 or 3 during the three and nine months ended September 30, 2025, and 2024. Both observable and unobservable inputs were used to determine the fair value of positions that the Company has classified within the Level 3 category. Unrealized gains and losses associated with liabilities within the Level 3 category include changes in fair value that were attributable to both observable and unobservable inputs.Warrant LiabilityThe Company's liability classified warrants as of September 30, 2025, and December 31, 2024, were valued using the Black Scholes valuation model.Significant Black Scholes valuation model inputs related to the Company’s warrants are listed below:September 30, 2025December 31, 2024Weighted average expected life in years0.230.85Weighted average volatility60%91%Value of underlying shares$37.48$22.76Weighted average risk free interest rate3.96%4.10%Expected dividend yield0%0%

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A summary of the Level 3 warrant activity for the three and nine months ended September 30, 2025, is as follows:(in thousands, except per share data)WarrantsOutstandingFair Valueper ShareWarrant LiabilityFair ValueBalance at June 30, 2025390$30.82 $12,018 Expired(222)Change in fair value(6,097)Balance at September 30, 2025168$35.24 $5,921 (in thousands, except per share data)WarrantsOutstanding