Eco Wave Power Global AB (publ) 6-K, filed Sep 27, 2022

Eco Wave Power Global AB (publ) (WAVE)

6-K 2022-09-27 For: 2022-09-27

Added on April 06, 2026

About this 6-K

Eco Wave Power Global AB (publ) filed this 6-K on September 27, 2022.

	June 30 2022			December 31 2021
	In USD thousands
Assets
CURRENT ASSETS:
Cash and cash equivalents		12,320			14,621
Restricted short-term bank deposits		74			70
Other receivables and prepaid expenses		169			389
TOTAL CURRENT ASSETS		12,563			15,080

NON-CURRENT ASSETS:
Property and equipment, net		785			1,194
Right-of-use assets, net		65			101
Investments in a joint venture accounted for using the equity method		404			272
TOTAL NON-CURRENT ASSETS		1,254			1,567
TOTAL ASSETS		13,817			16,647

Liabilities and equity
CURRENT LIABILITIES:
Current maturities of long-term loans from related party		1,130			220
Current maturities of other long-term loan		32			-
Accounts payable and accruals:
Trade		54			46
Other		755			510
Current maturities of lease liabilities		90			127
TOTAL CURRENT LIABILITIES		2,061			903

NON-CURRENT LIABILITIES:
Long-term loans from related party, net of current maturities		-			882
Other long-term loan		90			129
TOTAL NON-CURRENT LIABILITIES		90			1,011

TOTAL LIABILITIES		2,151			1,914

EQUITY:
Common shares		98			98
Share premium		23,121			23,121
Foreign currency translation reserve		(1,739	)		(103	)
Accumulated deficit		(9,814	)		(8,383	)
TOTAL EQUITY		11,666			14,733
TOTAL LIABILITIES AND EQUITY		13,817			16,647

	Six months ended
	June 30
	2022			2021
	In USD thousands
REVENUES		26			31
COST OF REVENUES		(22	)		(27	)
GROSS PROFIT		4			4
OPERATING EXPENSES
Research and development expenses		(635	)		(355	)
Sales and marketing expenses		(300	)		(220	)
General and administrative expenses		(1,186	)		(715	)
Other income		15			-
Share of net loss of a joint venture accounted for using the equity method		(10	)		-
TOTAL OPERATING EXPENSES		(2,116	)		(1,290	)

OPERATING LOSS		(2,112	)		(1,286	)

Financial expenses		(31	)		(36	)
Financial income		712			81
FINANCIAL INCOME (EXPENSES) - NET		681			45

NET LOSS		(1,431	)		(1,241	)

Exhibit No.
99.1		Press release dated September 27, 2022, titled “Eco Wave Power Presents Continued Operational Progress and Reports First Half 2022 Financial Results.”