UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
August 13, 2024

SANUWAVE Health, Inc.
(Exact name of registrant as specified in its charter)

Nevada
000-52985
20-1176000
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

11495 Valley View Road, Eden Prairie, Minnesota
  
55344
(Address of principal executive offices)
  
(Zip Code)

Registrant’s telephone number, including area code
(952) 656-1029

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol(s)
Name of each exchange on which
registered
N/A
N/A
N/A

Indicate by check mark whether the registration is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02
Results of Operations and Financial Condition.

On August 13, 2024, Sanuwave Health, Inc., a Nevada corporation (the “Company”), issued a press release announcing its financial results for the second quarter ended June 30, 2024. As previously announced, a business update via conference call will occur on August 13, 2024 at 8:30 am EST. Materials are provided on the Company’s website at www.sanuwave.com/investors.

The information in this Item 2.02 of this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01
Financial Statements and Exhibits.

(d)
Exhibits.

Exhibit
No.
  
Description
     
 
Press Release dated August 13, 2024
104
  
Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
SANUWAVE HEALTH, INC.
     
Dated: August 13, 2024
By:
/s/ Peter Sorensen
 
Name:
Peter Sorensen
 
Title:
Chief Financial Officer


Exhibit 99.1

 
 
SANUWAVE Announces Record Quarterly Revenues:  Q2 FY2024 Financial Results
 
Q2 2024 revenues were $7.2 million, up 53% from Q2 2023.  This was an all-time quarterly record for the Company.
 
Q2 2024 gross margin was 73%, vs 74% in Q2 2023
 
GAAP Operating Income was $2.0 million
 
Company provides guidance for revenue growth of 65-75% for Q3 2024 versus Q3 2023
 
EDEN PRAIRIE, MN, August 13, 2024 - via NewMediaWire -- Sanuwave Health, Inc. (the "Company" or "Sanuwave”) (OTCQB: SNWV), a leading provider of next-generation FDA-approved wound care products, is pleased to provide its financial results for the three months ended June 30, 2024.
 
Q2 2024 ended June 30, 2024
 

 ■
Revenue for the three months ended June 30, 2024, totaled $7.2 million, an increase of 53%, as compared to $4.7 million for the same period of 2023.  This growth is within the previous guidance for a 45 – 55% increase.
 

 ■
72 UltraMist® systems were sold in Q2 2024 up from 49 in Q2 2023 and from 43 in Q1 2024.
 

 ■
UltraMist® consumables revenue increased by 67% to $4.7 million (65% of revenues) in Q2 2024, versus $2.8 million for the same quarter last year. UltraMIST systems and consumables remained the primary revenue growth driver and continued to represent in excess of 95% of SANUWAVE’s overall revenues in Q2 2024.
 

 ■
Gross margin as a percentage of revenue amounted to 73% for the three months ended June 30, 2024, versus 74% for the same period last year, despite some additional costs from standing up new contract manufacturers.
 

 ■
For the three months ended June 30, 2024, operating income totaled $2.0 million, an improvement of $1.1 million compared to Q2 2023 as a result of the Company’s continued efforts to drive profitable growth and manage expenses.
 

 ■
Net income for the second quarter of 2024 was $6.6 million, driven predominantly by the change in the fair value of derivative liabilities and the extinguishment of debt.  This compares to a net loss of $7.3 million in the second quarter of 2023.  Net income year to date was $2.2 million versus a net loss of $20.4 million in the first half of 2023.
 

 ■
Adjusted EBITDA 1 for the three months ended June 30, 2024, was $1.5 million versus an Adjusted EBITDA of $171 thousand for the same period last year, an improvement of $1.3 million.  Year to date Adjusted EBITDA was $1.4 million versus a loss of $1.6 million in the first 6 months of the prior year.
 
“The second quarter mirrored the first with 53% revenue growth year-over-year, which led to an all-time record quarter despite the typical seasonal slowness of the first half of the year,” said Morgan Frank, CEO.  “We’re particularly pleased to have achieved both operating and Adjusted EBITDA positivity for the quarter in pursuit of our strategy of rapid, profitable growth.  As can be seen from our guidance, we expect our growth rate versus prior year periods to further accelerate in Q3 as we seek to continue to gain traction in our markets, ramp up to serve larger customers, and increase our patient counts.  We have continued to hire new salespeople and will continue this trend for the foreseeable future.  We continue to aim for 2024 to be the breakout year for Sanuwave and feel good about our progress so far.”
 
Financial Outlook

The Company forecasts Q3 2024 revenue to rise 65-57% vs Q3 2023 ($8-8.5 million of revenues) and for gross margin as a percentage of revenue to remain in the mid 70s.
 
The Company has now achieved stockholder approval for its proposed reverse stock split and anticipates undertaking this process in the near future.
 
Sanuwave has also secured 100% participation in its note and warrant exchange offer, which will be triggered by effecting the reverse stock split and result in the exchange of a significant amount of warrants and convertible promissory notes for shares of common stock, simplifying the Company’s capital structure.
 
As previously announced, a business update will occur via conference call on August 13, 2024 at 8:30 a.m. EST. Materials for the conference call are included on the Company’s website at
 
http://www.sanuwave.com/investors
 
Telephone access to the call will be available by dialing the following numbers:
 
Participant Listening: 1-800-579-2543 or 1-785-424-1789
 
OR click the link for instant telephone access to the event.
 
https://viavid.webcasts.com/starthere.jsp?ei=1684060&tp_key=35ff7216a3
A replay will be made available through September 3, 2024:
Toll-Free: 1-844-512-2921 or 1-412-317-6671
Replay Access ID: 11156749

1 This is a non-GAAP financial measure. Refer to “Non-GAAP Financial Measures” and the reconciliations in this release for further information.

About SANUWAVE
 
SANUWAVE Health is focused on the research, development, and commercialization of its patented, non-invasive and biological response-activating medical systems for the repair and regeneration of skin, musculoskeletal tissue, and vascular structures.

SANUWAVE's end-to-end wound care portfolio of regenerative medicine products and product candidates helps restore the body’s normal healing processes. SANUWAVE applies and researches its patented energy transfer technologies in wound healing, orthopedic/spine, aesthetic/cosmetic, and cardiac/endovascular conditions.

Non-GAAP Financial Measures
 
This press release includes certain financial measures that are not presented in our financial statements prepared in accordance with accounting principles generally accepted in the United States (U.S.) (“U.S. GAAP”). These financial measures are considered "non-GAAP financial measures" and are intended to supplement, and should not be considered as superior to, or a replacement for, financial measures presented in accordance with U.S. GAAP.
 
The Company uses Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) and Adjusted EBITDA to assess its operating performance. Adjusted EBITDA is Earnings before Interest, Taxes, Depreciation and Amortization adjusted for the change in fair value of derivatives and any significant non-cash or infrequent charges.  EBITDA and Adjusted EBITDA should not be considered as alternatives to net income (loss) as a measure of financial performance or any other performance measure derived in accordance with GAAP, and they should not be construed as an inference that the Company’s future results will be unaffected by unusual or infrequent items. These non-GAAP financial measures are presented in a consistent manner for each period, unless otherwise disclosed. The Company uses these measures for the purpose of evaluating its historical and prospective financial performance, as well as its performance relative to competitors. These measures also help the Company to make operational and strategic decisions. The Company believes that providing this information to investors, in addition to GAAP measures, allows them to see the Company’s results through the eyes of management, and to better understand its historical and future financial performance. These non-GAAP financial measures are also frequently used by analysts, investors, and other interested parties to evaluate companies in our industry, when considered alongside other GAAP measures.
 
EBITDA and Adjusted EBITDA have their limitations as analytical tools, and you should not consider them in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. Some of these limitations are that EBITDA and Adjusted EBITDA:
 

 •
Do not reflect every expenditure, future requirements for capital expenditures or contractual commitments.

•
Do not reflect all changes in our working capital needs.

•
Do not reflect interest expense, or the amount necessary to service our outstanding debt.
 
As presented in the GAAP to Non-GAAP Reconciliations section below, the Company’s non-GAAP financial measures exclude the impact of certain charges that contribute to our net income (loss).
 
Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to future financial results, production expectations and constraints, and plans for future business development activities. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are risks associated with supply chain and production constraints, regulatory oversight, the Company’s ability to manage its capital resource issues, competition and the other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement.

Contact: investors@sanuwave.com

SELECTED FINANCIAL DATA
FOR THE QUARTER ENDED JUNE 30, 2024 AND 2023

(in thousands)
  
2024
    
2023
  
             
Revenue
  
$
7,162
    
$
4,675
  
Cost of Revenues
    
1,922
      
1,202
  
                 
Gross Margin
    
5,240
      
3,473
  
Gross Margin %
    
73.2
%
    
74.3
%
                 
Total operating expenses
    
3,248
      
2,542
  
Operating Income
  
$
1,992
    
$
931
  
                 
Total other expense
    
4,569
      
(8,193
)
                 
Net Income (Loss)
  
$
6,561
    
$
(7,262
)

NON-GAAP ADJUSTED EBITDA
FOR THE QUARTER ENDED JUNE 30, 2024 AND 2023
 
(in thousands)
  
2024
    
2023
  
 
            
Net Income (Loss)
  
$
6,561
    
$
(7,262
)
Non-GAAP Adjustments:
                
Interest expense
    
3,783
      
4,381
  
Depreciation and amortization
    
262
      
257
  
EBITDA
    
10,606
      
(2,624
)
Non-GAAP Adjustments for Adjusted EBITDA:
                
Change in fair value of derivative liabilities
    
(3,717
)
    
3,821
  
Other non-cash or non-recurring charges:
                
Gain on extinguishment of debt
    
(5,310
)
    
-
  
Release of historical accrued expenses
    
(579
)
    
(1,250
)
Shares for services
    
-
      
224
  
License and option agreement
    
-
      
-
  
Prepaid legal fees expensed from termination of Merger Agreement
    
457
      
-
  
Adjusted EBITDA
  
$
1,457
    
$
171
  

PART I - FINANCIAL INFORMATION
SANUWAVE HEALTH, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
 
(In thousands, except share data)
  
June 30, 2024
    
December 31, 2023
  
ASSETS
            
Current Assets:
            
Cash
  
$
2,460
    
$
1,797
  
Accounts receivable, net of allowance of $1,237 and $1,237, respectively
    
3,154
      
3,314
  
Inventory
    
2,731
      
2,951
  
Prepaid expenses and other current assets
    
379
      
1,722
  
Total Current Assets
    
8,724
      
9,784
  
Non-Current Assets:
                
Property, equipment and right of use assets, net
    
947
      
938
  
Intangible assets, net
    
4,082
      
4,434
  
Goodwill
    
7,260
      
7,260
  
Total Non-Current Assets
    
12,289
      
12,632
  
                 
Total Assets
  
$
21,013
    
$
22,416
  
                 
LIABILITIES
                
Current Liabilities:
                
Senior secured debt, in default
  
$
23,424
    
$
18,278
  
Convertible promissory notes payable
    
3,953
      
5,404
  
Convertible promissory notes payable, related parties
    
2,454
      
1,705
  
Asset-backed secured promissory notes payable
    
-
      
3,117
  
Asset-backed secured promissory notes payable, related parties
    
-
      
1,458
  
Promissory note payable, related party
    
500
      
-
  
Accounts payable
    
3,891
      
5,705
  
Accrued expenses
    
4,794
      
5,999
  
Factoring liabilities
    
2,321
      
1,490
  
Warrant liability
    
16,864
      
14,447
  
Accrued interest
    
396
      
5,444
  
Accrued interest, related parties
    
841
      
669
  
Current portion of contract liabilities
    
130
      
92
  
Other
    
397
      
947
  
Total Current Liabilities
    
59,965
      
64,755
  
Non-Current Liabilities:
                
Lease liabilities
    
304
      
492
  
Contract liabilities
    
350
      
347
  
Total Non-Current Liabilities
    
654
      
839
  
                 
Total Liabilities
  
$
60,619
    
$
65,594
  
                 
STOCKHOLDERS' DEFICIT
                
Preferred 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 authorized; no shares issued and outstanding at June 30, 2024 and December 31, 2023
  
$
-
    
$
-
  
Common stock, par value $0.001, 2,500,000,000 shares authorized; 1,181,272,961 and 1,140,559,527 issued and outstanding at June 30, 2024 and December 31, 2023, respectively
    
1,182
      
1,140
  
Additional paid-in capital
    
177,218
      
175,842
  
Accumulated deficit
    
(218,016
)
    
(220,049
)
Accumulated other comprehensive loss
    
10
      
(111
)
Total Stockholders' Deficit
    
(39,606
)
    
(43,178
)
Total Liabilities and Stockholders' Deficit
  
$
21,013
    
$
22,416
  

SAUWAVE HEALTH, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
 
 
  
Three Months Ended June 30,
    
Six Months Ended June 30,
  
(In thousands, except share and per share data)
  
2024
    
2023
    
2024
    
2023
  
 
                        
Revenue
  
$
7,162
    
$
4,675
    
$
12,948
    
$
8,450
  
Cost of revenues
    
1,922
      
1,202
      
3,506
      
2,464
  
 
                                
Gross Margin
    
5,240
      
3,473
      
9,442
      
5,986
  
 
                                
Operating Expenses:
                                
General and administrative
    
1,839
      
1,238
      
5,514
      
3,997
  
Selling and marketing
    
1,034
      
978
      
2,266
      
2,390
  
Research and development
    
195
      
139
      
358
      
270
  
Depreciation and amortization
    
180
      
187
      
362
      
376
  
Total Operating Expenses
    
3,248
      
2,542
      
8,500
      
7,033
  
 
                                
Operating Income (Loss)
    
1,992
      
931
      
942
      
(1,047
)
 
                                
Other Income (Expense)
                                
Interest expense
    
(3,396
)
    
(3,706
)
    
(6,633
)
    
(7,218
)
Interest expense, related party
    
(387
)
    
(675
)
    
(710
)
    
(1,441
)
Loss on extinguishment of debt
    
5,310
      
-
      
5,205
      
-
  
Change in fair value of derivative liabilities
    
3,717
      
(3,821
)
    
1,216
      
(10,618
)
Other expense
    
(685
)
    
9
      
(787
)
    
(18
)
Other income
    
10
      
-
      
2,800
      
-
  
Total Other Expense
    
4,569
      
(8,193
)
    
1,091
      
(19,295
)
 
                                
Net Income (Loss)
  
$
6,561
    
$
(7,262
)
  
$
2,033
    
$
(20,342
)
 
                                
Other Comprehensive Loss
                                
Foreign currency translation adjustments
    
10
      
(9
)
    
121
      
(13
)
Total Comprehensive Income (Loss)
  
$
6,571
    
$
(7,271
)
  
$
2,154
    
$
(20,355
)

SANUWAVE HEALTH, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT

(In thousands, except share data)
                                    
Six Months Ended June 30, 2024
  
 
  
Common Stock
                          
 
  
Shares Issued and
Outstanding
    
Par Value
    
Additional Paid-
in Capital
    
Accumulated
Deficit
    
Accumulated
Other
Comprehensive
Loss
    
Total
  
Balances as of December 31, 2023
    
1,140,559,527
    
$
1,140
    
$
175,842
    
$
(220,049
)
  
$
(111
)
  
$
(43,178
)
Shares issued for settlement of warrants
    
5,414,815
      
6
      
-
      
-
      
-
      
6
  
Shares issued for settlement of warrants
    
35,298,619
      
36
      
1,376.00
      
-
      
-
      
1,412
  
Foreign currency translation adjustment
    
-
      
-
      
-
      
-
      
121
      
121
  
Net Income
    
-
      
-
      
-
      
2,033
      
-
      
2,033
  
 
                                                
Balances as of June 30, 2024
    
1,181,272,961
    
$
1,182
    
$
177,218
    
$
(218,016
)
  
$
10
    
$
(39,606
)

Six Months Ended June 30, 2023
  
 
  
Common Stock
                          
 
  
Shares Issued and
Outstanding
    
Par Value
    
Additional Paid-
in Capital
    
Accumulated
Deficit
    
Accumulated
Other
Comprehensive
Loss
    
Total
  
Balances as of December 31, 2022
    
548,737,651
    
$
549
    
$
152,750
    
$
(194,242
)
  
$
(67
)
  
$
(41,010
)
Shares issued for services
    
12,900,000
      
13
      
514
      
-
      
-
      
527
  
Foreign currency translation adjustment
    
-
      
-
      
-
      
-
      
(13
)
    
(13
)
Net Income
    
-
      
-
      
-
      
(20,342
)
    
-
      
(20,342
)
 
                                                
Balances as of June 30, 2023
    
561,637,651
    
$
562
    
$
153,264
    
$
(214,584
)
  
$
(80
)
  
$
(60,838
)

SANUWAVE HEALTH, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT
 
(In thousands, except share data)
Three Months Ended June 30, 2024
  
 
  
Common Stock
                          
 
  
Shares Issued and
Outstanding
    
Par Value
    
Additional Paid-
in Capital
    
Accumulated
Deficit
    
Accumulated
Other
Comprehensive
Loss
    
Total
  
Balances as of March 31, 2024
    
1,140,559,527
    
$
1,140
    
$
175,842
    
$
(224,577
)
  
$
-
    
$
(47,595
)
Shares issued for settlement of warrants
    
5,414,815
      
6
      
-
      
-
      
-
      
6
  
Shares issued for settlement of debt and warrants
    
35,298,619
      
36
      
1,376
      
-
      
-
      
1,412
  
Foreign currency translation adjustment
    
-
      
-
      
-
      
-
      
10
      
10
  
Net Income
    
-
      
-
      
-
      
6,561
      
-
      
6,561
  
 
                                                
Balances as of June 30, 2024
  
$
1,181,272,961
    
$
1,182.00
    
$
177,218
    
$
(218,016
)
  
$
10.00
    
$
(39,606
)

Three Months Ended June 30, 2023
  
 
  
Common Stock
                          
 
  
Shares Issued and
Outstanding
    
Par Value
    
Additional Paid-
in Capital
    
Accumulated Deficit
    
Accumulated Other Comprehensive Loss
    
Total
  
Balances as of March 31, 2023
    
555,637,651
    
$
556
    
$
153,046
    
$
(207,322
)
  
$
(71
)
  
$
(53,791
)
Shares issued for services
    
6,000,000
      
6
      
218
      
-
      
-
      
224
  
Foreign currency translation adjustment
    
-
      
-
      
-
      
-
      
(9
)
    
(9
)
Net Income
    
-
      
-
      
-
      
(7,262
)
    
-
      
(7,262
)
 
                                                
Balances as of June 30, 2024
    
561,637,651
    
$
562
    
$
153,264
    
$
(214,584
)
  
$
(80
)
  
$
(60,838
)

SANUWAVE HEALTH, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
  
Six Months Ended June 30,
  
(In thousands)
  
2024
    
2023
  
 
            
Cash Flows - Operating Activities:
            
Net income (loss)
    
2,033
      
(20,342
)
Adjustments to reconcile net loss to net cash used by operating activities
                
Depreciation and amortization
    
480
      
515
  
Bad debt expense
    
99
      
313
  
Shares issued for services
    
-
      
224
  
Gain on extinguishment of debt
    
(5,205
)
    
-
  
Change in fair value of derivative liabilities
    
(1,216
)
    
10,618
  
Amortization of debt issuance and debt discounts
    
3,274
      
3,955
  
Accrued interest
    
1,859
      
3,606
  
Changes in operating assets and liabilities
                
Accounts receivable
    
(340
)
    
898
  
Inventory
    
220
      
(31
)
Prepaid expenses and other assets
    
118
      
(336
)
Accounts payable
    
(1,259
)
    
718
  
Accrued expenses
    
328
      
(1,337
)
Contract liabilites
    
41
      
(16
)
Net Cash Provided by/ (Used in) Operating Activities
    
432
      
(1,215
)
 
                
Cash Flows - Investing Activities
                
Purchase of property and equipment
    
(206
)
    
(169
)
Net Cash Flows Used In Investing Activities
    
(206
)
    
(169
)
 
                
Cash Flows - Financing Activities
                
Proceeds from convertible promissory notes
    
-
      
1,202
  
Payment of note payable
    
(2,175
)
    
-
  
Proceeds from convertible notes payable
    
1,300
      
-
  
Proceeds from promissory note payable, related party
    
500
      
-
  
Proceeds from bridge notes advance
    
-
      
1,476
  
Proceeds/(Payments) from factoring, net
    
831
      
(1,167
)
Principal payments on finance leases
    
(140
)
    
(85
)
Net Cash Flows Provided by /(Used In) Financing Activities
    
316
      
1,426
  
 
                
Effect of Exchange Rates on Cash
    
121
      
(13
)
 
                
Net Change in Cash During Period
    
663
      
29
  
 
                
Cash at Beginning of Period
    
1,797
      
1,153
  
Cash at End of Period
    
2,460
      
1,182
  
 
                
Supplemental Information:
                
Cash paid for interest
    
2,055
      
908
  
Non-Cash Investing and Financing Activities:
                
Shares issued for settlement of debt and warrants
    
1,412
      
-
  
Write off deferred merger costs
    
1,226
      
-
  
Warrants issued in conjunction with convertible promissory notes
    
3,633
      
570
  
Capitalize default interest into Senior secured debt
    
3,850
      
-
  
Conversion of asset-backed secured promissory notes to convertible promissory notes
    
4,584
      
-
  
Embedded conversion feature on convertible promissory notes payable
    
-
      
157
  
Common shares issued for advisory shares
    
-
      
302
  

 
v3.24.2.u1
Document and Entity Information
Aug. 13, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Aug. 13, 2024
Entity File Number 000-52985
Entity Registrant Name SANUWAVE Health, Inc.
Entity Central Index Key 0001417663
Entity Incorporation, State or Country Code NV
Entity Tax Identification Number 20-1176000
Entity Address, Address Line One 11495 Valley View Road
Entity Address, City or Town Eden Prairie
Entity Address, State or Province MN
Entity Address, Postal Zip Code 55344
City Area Code 952
Local Phone Number 656-1029
Entity Emerging Growth Company false
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
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