SANUWAVE Health, Inc. (SNWV): auditor change — SANUWAVE Health restates prior financials due to sales tax liability of $4.9M-$5.2M

SANUWAVE Health, Inc.

Audit committee determined non-reliance on quarterly and annual reports from March 2024 through September 2025.
Expected aggregate increase in liabilities of $4.9M to $5.2M as of Dec 31, 2025.
Expense increase of $1.6M-$1.8M for FY2024 and $1.7M-$1.9M for FY2025 including taxes, interest, penalties.
Company evaluating whether additional material weaknesses in internal control over financial reporting exist.
Restatement to be included in 2025 Form 10-K, which company expects to file timely.

item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

SANUWAVE Health, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

the audit committee of the board of directors of the Company, after discussion with the Company’s management and with Baker Tilly US, LLP (“Baker Tilly”), the Company’s independent registered public accounting firm, and Marcum LLP (“Marcum”), the Company’s former independent registered public accounting firm, concluded that the following should no longer be relied upon

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Source: SEC EDGAR

accession 0001628280-26-017735

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