CareView Communications Inc
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
View on SEC.govAbout 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.
Sep 30, 2025 · Filed Nov 13, 2025
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What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-06-30; filed 2025-08-13.
0001437749-25-026570
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-09-30; filed 2025-11-13.
0001437749-25-034523
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 93 previous paragraphs and 95 current paragraphs.
82 unchanged; 11 reworded; 2 added; 0 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 5 previous and 5 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (2)
Current report
In July 2025, the FASB issued ASU 2025-05, "Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets," which amends how entities estimate expected credit losses for current accounts receivable and current contract assets arising from revenue contracts under ASC 606. A reduction in the need for extensive forecasting has been established and allows all entities to assume that conditions will persist at balance sheet date for the remaining life of those current assets. The amendments in this update are effective for all entities for annual reporting periods beginning after December 15, 2025. Management has assessed and concluded this amendment will not have any impact on the Company.
Current report
In September 2025, the FASB issued ASU 2025-06, "Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software." The update eliminates all references to "development stages", so entities are no longer required to wait for a specific application development stage before capitalizing costs. The two key criteria for when capitalization of internal-use software costs may begin are when Management has authorized and committed to funding the software project, and it is probable that the project will be completed and the software will be used to perform the intended function. The amendments are effective for all entities for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. Early adoption is permitted as of the beginning of an annual reporting period. Management is currently assessing the potential effects on our financial statements and considering the possibility of early adoption.
Reworded paragraphs (11)
Previous wording
Revenue increased approximately $405,000 for the three months ended June 30, 2025, as compared to the same period in 2024. The increase was driven by revenues from recurring annual software recognized over time.
Current wording
Revenue increased approximately $133,000 for the three months ended September 30, 2025, as compared to the same period in 2024. The increase was driven by revenues from recurring annual software recognized over time.
Previous wording
Operating expenses decreased by a net 4.9% because of the following items:
Current wording
Operating expenses decreased by a net 16% because of the following items:
Previous wording
Human resource related costs (including salaries and benefits and non-cash compensation) decreased approximately $33,000 due to lower payroll taxes and sales commissions ended March 31, 2025 as compared to the three months ended March, 31 2024. Product deployment costs decreased approximately $33,000 due to a decrease in installation and training expenses. Professional and consulting costs decreased approximately $7,000 due to use of independent contractors. Travel and entertainment costs decreased approximately $3,000 due to less airfare. For the comparable periods, other expenses decreased approximately $8,000, primarily as a result of negotiating interest waiver and cellular charges.
Current wording
Human resource related costs (including salaries and benefits and non-cash compensation) decreased approximately $316,000 due to layoffs ended September 30, 2025 as compared to the three months ending September 30 2024. Product deployment costs increased approximately $47,000 due to an increase in installation and training expenses. Professional and consulting costs increased approximately $13,000 due to use of independent contractors. Travel and entertainment costs decreased approximately $32,000 due to less corporate travel. For the comparable periods, other expenses decreased approximately $96,000, primarily as a result of renegotiating business insurance and rent along with management of advertising and marketing as well as patent maintenance.
Previous wording
Other non-operating income and expense decreased by approximately $1,000, or 0.1%, for the three months ended June 30, 2025 in comparison to the same period in 2024.
Current wording
Other non-operating income and expense decreased by approximately $4,000, or 0.1%, for the three months ended September 30, 2025 in comparison to the same period in 2024 due to credit card cash back.
Previous wording
As a result of the factors above, our second quarter 2025 net loss of approximately $588,000, decreased approximately $518,000, or 47%, as compared to approximately $1,106,000 net loss for the second quarter of 2024.
Current wording
As a result of the factors above, our third quarter 2025 net loss of approximately $914,000, decreased approximately $556,000, or 37.8%, as compared to approximately $1,470,000 net loss for the third quarter of 2024.
Previous wording
Six months ended June 30, 2025, compared to six months ended June 30, 2024
Current wording
Nine months ended September 30, 2025, compared to nine months ended September 30, 2024
Previous wording
Revenue increased approximately $441,000 for the six months ended June 30, 2025, as compared to the same period in 2024. The increase was driven by revenues from recurring annual software recognized over time.
Current wording
Revenue increased approximately $574,000 for the nine months ended September 30, 2025, as compared to the same period in 2024. The increase was driven by revenues from recurring annual software recognized over time.
Previous wording
As a result of the factors above, our second quarter 2025 net loss of approximately $1,509,000 decreased approximately $620,000, or 29%, as compared to approximately $2,129,000 net loss for the second quarter of 2024.
Current wording
As a result of the factors above, our nine-month ending September 30, 2025 net loss of approximately $2,423,000 decreased approximately $1,177,000, or 32.7%, as compared to approximately $3,600,000 net loss for the same period in 2024.
Previous wording
The Company has experienced net losses and significant cash outflows from cash used in operating activities over the past years. As of and for the six months ended June 30, 2025, the Company had an accumulated deficit of $214,095,608, net income from operations of $64,061, net cash provided by operating activities of $1,059,003, and an ending cash balance of $1,762,610.
Current wording
The Company has experienced net losses and significant cash outflows from cash used in operating activities over the past years. As of and for the nine months ended September 30, 2025, the Company had an accumulated deficit of $215,009,822, net loss from operations of $68,406, net cash provided by operating activities of $1,033,269 and an ending cash balance of $1,731,276.
Previous wording
As of June 30, 2025, the Company had a working capital deficit of $42,166,650 consisting primarily of PDL notes payables, including accrued interest. Management has evaluated the significance of the conditions described above in relation to the Company’s ability to meet its obligations and concluded that, without additional funding, the Company will not have sufficient funds to meet its obligations within one year from the date the condensed consolidated financial statements were issued. While management will look to continue funding operations by increased sales volumes and raising additional capital from sources such as sales of its debt or equity securities or loans to meet operating cash requirements, there is no assurance that management’s plans will be successful. The Company’s net losses, cash outflows, and working capital deficit raise substantial doubt about the Company’s ability to continue as a going concern through August 13, 2026.
Current wording
As of September 30, 2025, the Company had a working capital deficit of $42,789,653 consisting primarily of PDL notes payables, including accrued interest. Management has evaluated the significance of the conditions described above in relation to the Company’s ability to meet its obligations and concluded that, without additional funding, the Company will not have sufficient funds to meet its obligations within one year from the date the condensed consolidated financial statements were issued. While management will look to continue funding operations by increased sales volumes and raising additional capital from sources such as sales of its debt or equity securities or loans to meet operating cash requirements, there is no assurance that management’s plans will be successful. The Company’s net losses and working capital deficit raise substantial doubt about the Company’s ability to continue as a going concern through November 12, 2026.
Previous wording
Please refer to our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Commission on March 31, 2025 and incorporated herein by reference, for detailed explanation of our critical accounting estimates, which have not changed significantly during the three and six months ended June 30, 2025.
Current wording
Please refer to our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Commission on April 1, 2025 and incorporated herein by reference, for detailed explanation of our critical accounting estimates, which have not changed significantly during the three and nine months ended September 30, 2025.