Company: SNWV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038937
Chunk: 87

Company: SANUWAVE Health, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 87
---
 were issued in the three months ended December 31, 2024, thus there is no expense for the three and six months ended June 30, 2024. The Company recognizes compensation expense on a straight-line basis over the requisite service period, net of actual forfeitures.Three Months Ended June 30,Six Months Ended June 30,(in thousands)20252025Cost of revenues$9 $18 General and administrative905 1,706 Selling and marketing208366Research and development1026Total expense$1,132 $2,116 The following table presents a summary of stock options award activity during the six months ended June 30, 2025:

19

Number of Options (in thousands)Weighted Average Exercise PriceWeighted Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (in thousands)Outstanding, December 31, 20241,137 $15.97 9.5$9,305 Granted342 28.75 6.81,411 Exercised(17)14.89 0.0306 Forfeited(153)19.45 0.0- Outstanding, June 30, 20251,309 $17.53 8.6$18,855 Exercisable, June 30, 2025292 $19.95 8.1$4,333 Valuation Information for Stock-Based CompensationThe fair value of each stock option award during the three and six months ended June 30, 2025 was based on the closing price of the Company's common stock on the date of the grant. Expected volatility was based on 100% of the historical realized volatilities of peer companies. The risk-free interest rate was based on the implied yield for U.S. Treasury zero-coupon issue with the remaining term equal to the expected term. The expected holding period was calculated using the simplified method. No dividend was assumed as the Company does not pay regular dividends on its common stock and does not anticipate paying any dividends in the foreseeable future. The Company's policy is to recognize forfeitures as they occur.The weighted average assumptions used in the Black-Scholes option pricing model in valuing stock options granted in the three and six months ended June 30, 2025 are summarized in the table below:Three Months Ended June 30,Six Months Ended June 30,20252025Fair value at grant date$30.19$29