Company: SNWV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050280
Chunk: 53

Company: SANUWAVE Health, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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 accrued interest of $0.The convertible promissory note was settled in 2024 for a cash payment of $1.4 million, which resulted in a gain on the extinguishment of debt of $0.8 million and a reduction in accrued interest of $0.8 million.

11.        Revenue

The disaggregation of revenue is based on type. The following table presents revenue from contracts with customers:Three Months Ended September 30, 2025Three Months Ended September 30, 2024Consumables and parts revenue$7,026 $5,620 System revenue4,391 3,661 License fees and other5 10 Product Revenue$11,422 $9,291 Rental Income29 69 Total Revenue$11,451 $9,360 Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024Consumables and parts revenue$19,806 $14,879 System revenue11,034 7,144 License fees and other20 30 Product Revenue$30,860 $22,053 Rental Income97 255 Total Revenue$30,957 $22,308 

12.        Stock-Based Compensation

On August 7, 2024, the stockholders of the Company approved the 2024 Equity Incentive Plan (the “2024 Plan”). The 2024 Plan authorizes the issuance of up to 1,376,556 shares of common stock. On August 19, 2025, at our annual meeting of stockholders, an amendment to the 2024 Plan was ratified, authorizing an additional 500,000 shares of common stock authorized for issuance under the plan. Stock options granted under the 2024 Plan include service-based, performance-based, and market-based awards. Service-based stock options generally vest over a three-year period, expire 10 years from the date of grant, and are forfeited upon separation from the Company. Performance-based stock options vest upon the achievement of pre-established financial or operational performance criteria, as determined by the Company’s Board of Directors or Compensation Committee. These awards generally expire five years from the date of grant and are subject to forfeiture if the performance goals are not achieved within the specified performance period. Market-based stock options vest upon the attainment of certain market conditions, such as specified stock price targets, and also expire five years after the grant date. The fair value of market