WISA TECHNOLOGIES INC

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 14, 2024

DVLT$0.06+3.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Stockholders’ Equity (Deficit)

For the three and six months ended June 30, 2024 and 2023


· · · · · · · · · · · · · · · · · · · Total
· · Convertible Preferred Stock · · · Common Shares · · Additional · · Accumulated · · Stockholders’
· Shares · Amount · Shares · Amount · Paid-in Capital · Deficit · Equity (Deficit)
Balance as of December 31, 2023	38,335	$247	222,380	$1	$241,884	$(247,042)	$(5,157)
Stock-based compensation	—	—	4	—	380	—	380
Cumulative effect of ASU 2020-06 adoption	—	116	—	—	(116)	—	(116)
Issuance of Series B preferred stock in connection with warrant exercise, net of discounts	29,322	386	—	—	—	—	—
Issuance of common stock in connection with conversion of Series B preferred stock	(5,000)	(325)	8,038	—	325	—	325
Deemed dividend on conversion of Series B preferred for common stock and repurchase of Series B preferred stock	—	5,842	—	—	(5,842)	—	(5,842)
Repurchase of Series B preferred stock and Series B preferred stock warrants	(62,657)	(6,266)	—	—	824	—	824
Issuance of common stock, pre-funded units and warrants, net of offering costs	—	—	1,442,518	—	4,210	—	4,210
Issuance of common stock in connection with reverse split rounding-up for fractional shares	—	—	84,255	—	—	—	—
Net income	—	—	—	—	—	2,707	2,707
Balance as of March 31, 2024	—	—	1,757,195	1	241,665	(244,335)	(2,669)
Stock-based compensation	—	—	255,915	—	241	—	241
Issuance of common stock in connection with warrant exercise	—	—	441,822	—	556	—	556
Issuance of common stock and warrants, net of offering costs	—	—	2,466,583	—	8,756	—	8,756
Issuance of common stock to vendors	—	—	—	—	360	—	360
Restricted stock awards cancelled	—	—	(82)	—	—	—	—
Release of vested restricted common stock	—	—	1	—	—	—	—
Conversion of liability warrants to equity warrants	—	—	—	—	41,851	—	41,851
Net loss	—	—	—	—	—	(42,665)	(42,665)
Balance as of June 30, 2024	—	—	4,921,434	$1	$293,429	$(287,000)	$6,430


· · · · · · · · · · · · · · · · · · Total
· · Convertible Preferred Stock · · · Common Shares · · Additional · · Accumulated · · Stockholders’
· Shares · Amount · Shares · Amount · Paid-in Capital · Deficit · Equity
Balance as of December 31, 2022	—	—	4,750	$1	$226,324	$(228,321)	$(1,996)
Stock-based compensation	—	—	—	—	499	—	499
Restricted stock awards cancelled	—	—	(0)	—	—	—	—
Issuance of common stock in connection with convertible promissory note	—	—	450	—	708	—	708
Issuance of common stock in connection with warrant exercise	—	—	5,723	—	8,202	—	8,202
Issuance of common stock and warrants, net of offering costs	—	—	9,470	—	1,271	—	1,271
Net loss	—	—	—	—	—	(921)	(921)
Balance as of March 31, 2023	—	—	20,393	1	237,004	(229,242)	7,763
Stock-based compensation	—	—	—	—	481	—	481
Release of vested restricted common stock	—	—	1	—	—	—	—
Restricted stock awards cancelled	—	—	(1)	—	—	—	—
Issuance of common stock and warrants, net of offering costs	—	—	5,040	—	1,048	—	1,048
Issuance of common stock in connection with warrant exercise	—	—	9,908	—	1,894	—	1,895
Net loss	—	—	—	—	—	(5,326)	(5,326)
Balance as of June 30, 2023	—	—	35,341	$1	$240,427	$(234,568)	$5,861

Note: Share and per share amounts have been retroactively adjusted to reflect the impact of a 1-for-100 reverse stock split effected in January 2023 as well as a 1-for-150 reverse stock split effected in April 2024, as discussed in Note 1.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.