Company: SNWV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050280
Chunk: 57

Company: SANUWAVE Health, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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657)5,704 (18,624)Change in fair value of warrants(6,097)- (2,186)- Diluted net income (loss) available to stockholders4,228 (20,657)3,518 (18,624)Denominator:Weighted average common shares outstanding - Basic8,571 3,185 8,560 3,146 Dilutive effect of warrants158 - 295 - Dilutive effect of stock options412 - 323 - Dilutive effect of convertible promissory notes including interest- — - — Weighted average common shares outstanding - Diluted9,141 3,185 9,178 3,146 Net income (loss) per share:Basic$1.20 $(6.49)$0.67 $(5.92)Diluted$0.46 $(6.49)$0.38 $(5.92)Diluted net income (loss) per share is computed by dividing the net income (loss) attributable to common stockholders by the weighted average number of shares of common stock and dilutive common stock equivalents outstanding that are nominally priced. In September 2024, the Company did not have any dilutive common stock equivalents that were nominally priced. The following securities were excluded from the calculation of diluted net income per share during the nine months ended September 30, 2025 because the result would have been anti-dilutive.Three Months Ended September 30,Nine Months Ended September 30,(in thousands)2025202420252024Common stock options84 42 112 42 Common stock purchase warrants2 3,963 2 3,963 Convertible notes payable, including interest621 - 621 86 4,626 114 4,626 

14.        Concentration of Credit Risk and Limited Suppliers 

Major customers are defined as customers whose accounts receivable or sales individually consist of more than 10% of trade receivables or total sales, respectively. The percentage of accounts receivable from major customers of the Company for the periods indicated were as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Revenue:Customer AN/A15%N/AN/AThe Company currently purchases most of its product component materials from single suppliers and the loss of any of these suppliers could result in