Company: SNWV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050280
Chunk: 40

Company: SANUWAVE Health, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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OLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

Nine Months Ended September 30,(in thousands)20252024Cash Flows - Operating Activities:Net income (loss)$5,704 $(18,624)Adjustments to reconcile net income to net cash (used in) provided by operating activitiesStock-based compensation3,513 - Depreciation and amortization634 570 Amortization of right-of-use assets268 268 Allowance for credit losses112 16 Loss on disposal and impairment of assets210 - Loss (Gain) on extinguishment of debt477 (5,205)Change in fair value of derivative liabilities(2,186)17,633 Gain on sale of patents(5,000)- Amortization of debt issuance costs and debt discounts1,416 4,792 Gain on lease modification(7)- Accrued interest and accrued interest, related party- 2,749 Proceeds from tenant improvement funds586 - Changes in operating assets and liabilitiesAccounts receivable(1,387)66 Inventory(2,665)(480)Prepaid expenses and other assets(1,009)225 Accounts payable264 (1,013)Accrued expenses and contract liabilities(294)819 Operating lease payments(79)(102)Net Cash Flows Provided by Operating Activities557 1,714 Cash Flows - Investing Activities:Purchase of property and equipment(1,846)(254)Proceeds from sale of patents5,000 - Net Cash Flows Provided by (Used in) Investing Activities3,154 (254)Cash Flows - Financing Activities:Proceeds from secured term loan23,000 - Proceeds from secured revolving credit facility655 - Payment of debt issuance costs(371)- Proceeds from exercises of stock options359 - Payment of note payable(27,747)(2,175)Proceeds from convertible notes payable- 1,300 Proceeds from promissory note payable, related party- 500 Proceeds from factoring, net- 449 Payments of principal on finance lease and extinguishment of lease liability(242)(193)Net Cash Flows Used in Financing Activities(4,346)(119)

8

Effect of Exchange Rates on Cash- 121 Net Change in Cash During Period(635)1,462 Cash at Beginning of Period10,237 1,