Company: SNWV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050280
Chunk: 36

Company: SANUWAVE Health, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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Item 1.    FINANCIAL STATEMENTS

SANUWAVE HEALTH, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(In thousands, except share data)

September 30, 2025December 31, 2024ASSETSCurrent Assets:Cash and cash equivalents$9,602 $10,237 Accounts receivable, net of allowance of $1,259 and $1,147, respectively4,620 3,329 Inventory6,814 4,149 Prepaid expenses and other current assets1,597 682 Total Current Assets22,633 18,397 Non-Current Assets:Property and equipment, net1,994 303 Right of use assets, net431 429 Intangible assets, net3,202 3,730 Goodwill7,260 7,260 Secured revolving credit facility debt issuance costs, net79 - Total Non-Current Assets 12,966 11,722 Total Assets$35,599 $30,119 LIABILITIESCurrent Liabilities:Current portion of secured term loan$5,629 $- Senior secured debt- 25,305 Accounts payable3,992 3,728 Accrued expenses3,586 4,678 Warrant liability5,921 8,107 Current portion of operating lease liabilities191 126 Current portion of finance lease liabilities- 175 Current portion of contract liabilities252 193 Other6 33 Total Current Liabilities19,577 42,345 Non-current Liabilities:Secured term loan, net of current portion and debt issuance costs17,079 - Secured revolving credit facility655 - Operating lease liabilities, less current portion897 125 Finance lease liabilities, less current portion- 66 Contract liabilities, less current portion322 300 Total Non-current Liabilities18,953 491 Total Liabilities$38,530 $42,836 Commitments and Contingencies (Footnote 16)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 September 30, 202