Company: SNWV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038937
Chunk: 33

Company: SANUWAVE Health, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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Item 1.    FINANCIAL STATEMENTS

SANUWAVE HEALTH, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(In thousands, except share data)

June 30, 2025December 31, 2024ASSETSCurrent Assets:Cash and cash equivalents$8,496 $10,237 Accounts receivable, net of allowance of $1,278 and $1,147, respectively3,848 3,329 Inventory5,911 4,149 Prepaid expenses and other current assets1,913 682 Total Current Assets20,168 18,397 Non-Current Assets:Property and equipment, net1,587 303 Right of use assets, net653 429 Intangible assets, net3,378 3,730 Goodwill7,260 7,260 Total Non-current Assets 12,878 11,722 Total Assets$33,046 $30,119 LIABILITIESCurrent Liabilities:Senior secured debt$26,774 $25,305 Accounts payable4,002 3,728 Accrued expenses3,289 4,678 Warrant liability12,018 8,107 Current portion of operating lease liabilities82 126 Current portion of finance lease liabilities115 175 Current portion of contract liabilities221 193 Other- 33 Total Current Liabilities46,501 42,345 Non-current Liabilities:Operating lease liabilities, less current portion, net of incentives974 125 Finance lease liabilities, less current portion11 66 Contract liabilities, less current portion301 300 Other34 - Total Non-current Liabilities1,320 491 Total Liabilities$47,821 $42,836 Commitments and Contingencies (Footnote 17)STOCKHOLDERS’ DEFICITPreferred Stock, par value $0.001, 5,000,000 shares authorized; 6,175 shares Series A, 293 shares Series B, 90 shares Series C and 8 shares Series D designated, respectively; no shares issued and outstanding at June 30, 2025 and December 31, 2024$- $- Common stock, par value $0.001, 2,500,000,000 shares authorized; 8,568,005 and