Company: SNWV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038937
Chunk: 37

Company: SANUWAVE Health, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 - 6 Shares issued for settlement of debt94,130- 1,412 - - 1,412 Foreign currency translation adjustment-- - - 121 121 Net income-- - 2,033 - 2,033 Balances as of June 30, 20243,150,062$3 $178,397 $(218,016)$10 $(39,606)

* Reflects a one-for-three hundred seventy-five (1:375) reverse stock split of the outstanding shares of the Company's common stock effected on October 18, 2024.

The accompanying notes to condensed consolidated financial statements are an integral part of these financial statements.

7

SANUWAVE HEALTH, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

Six Months Ended June 30,(in thousands)20252024Cash Flows - Operating Activities:Net income (loss)$(4,621)$2,033 Adjustments to reconcile net income to net cash (used in) provided by operating activitiesStock-based compensation2,106 - Depreciation and amortization388 393 Amortization of right-of-use assets185 87 Reserve for credit losses131 99 Gain on extinguishment of debt- (5,205)Change in fair value of derivative liabilities3,911 (1,216)Amortization of debt issuance and debt discounts1,062 3,274 Accrued interest and accrued interest, related party- 1,859 Proceeds from tenant improvement funds429 - Changes in operating assets and liabilitiesAccounts receivable(650)(340)Inventory(1,762)220 Prepaid expenses and other assets(1,231)118 Accounts payable274 (1,259)Accrued expenses and contract liabilities(746)369 Net Cash Flows (Used in) Provided by Operating Activities(524)432 Cash Flows - Investing ActivitiesPurchase of property and equipment(1,321)(206)Net Cash Flows Used in Investing Activities(1,321)(206)Cash Flows - Financing ActivitiesProceeds from exercises of stock options253 - Payment of note payable- (2,175)Proceeds from convertible notes payable- 1,300 Proceeds from promissory note payable, related party- 500 Proceeds from