Company: SNWV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023881
Chunk: 22

Company: SANUWAVE Health, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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Item 1.    FINANCIAL STATEMENTS

SANUWAVE HEALTH, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(In thousands, except share data)

March 31, 2025December 31, 2024ASSETSCurrent Assets:Cash and cash equivalents$8,501 $10,237 Accounts receivable, net of allowance of $1,180 and $1,147, respectively3,866 3,329 Inventory5,457 4,149 Prepaid expenses and other current assets1,007 682 Total Current Assets18,831 18,397 Non-Current Assets:Property and equipment, net449 303 Right of use assets, net761 429 Intangible assets, net3,554 3,730 Goodwill7,260 7,260 Total Non-current Assets 12,024 11,722 Total Assets$30,855 $30,119 LIABILITIESCurrent Liabilities:Senior secured debt$26,037 $25,305 Accounts payable4,151 3,728 Accrued expenses3,581 4,678 Warrant liability13,008 8,107 Current portion of lease liabilities262 301 Current portion of contract liabilities193 193 Other36 33 Total Current Liabilities47,268 42,345 Non-current Liabilities:Lease liabilities, less current portion, net of incentives568 191 Contract liabilities, less current portion311 300 Total Non-current Liabilities879 491 Total Liabilities$48,147 $42,836 Commitments and Contingencies (Footnote 17)STOCKHOLDERS’ DEFICITPreferred Stock, par value $0.001, 5,000,000 shares authorized; 6,175 shares Series A, 293 shares Series B, 90 shares Series C and 8 shares Series D designated, respectively; no shares issued and outstanding at March 31, 2025 and December 31, 2024$- $- Common stock, par value $0.001, 2,500,000,000 shares authorized; 8,548,473 and 8,543,686 issued and outstanding at March 31, 2025 and December 31, 2024, respectively *9 9