Core Insights - Firefly Neuroscience, Inc. is participating in the Capital Event Management Conference from November 22-24, 2024, in Aventura, Florida [1] - The company specializes in developing AI solutions aimed at improving brain health outcomes for patients with neurological and mental disorders [4][5] Company Overview - Firefly is focused on innovative solutions that enhance diagnostic and treatment monitoring methods for conditions such as depression, dementia, anxiety disorders, concussions, and ADHD [4] - The company has developed the FDA-510(k) cleared Brain Network Analytics (BNA™) technology, which utilizes a proprietary database of brain wave tests and has secured patent protection [4][5] - BNA™ leverages artificial intelligence and machine learning on a database of standardized, high-definition longitudinal electroencephalograms (EEGs) from over 17,000 patients, providing comprehensive insights into brain function [5] Market Engagement - Firefly is launching BNA™ commercially, targeting pharmaceutical companies involved in drug research and clinical trials, as well as medical practitioners for clinical use [4] - The company aims to enhance clinicians' ability to accurately diagnose mental and cognitive disorders and evaluate optimal therapies for patients [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41092 FIREFLY NEUROSCIENCE, INC. (Exact name of registrant as specified in its charter) Delaware 54-1167364 (State or other jurisdiction of incorporation or organization) (I. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41092 WaveDancer, Inc. (Exact name of registrant as specified in its charter) Delaware 54-1167364 (State or other jurisdiction of incorporation or organization) (I.R.S. Empl ...

Merger and Acquisitions - The company entered into a merger agreement with Firefly Neuroscience, Inc. in an all-stock transaction, requiring the raising of $0.8 million to $1.1 million in additional capital[17] - The company plans to sell its Tellenger subsidiary to WaveTop Solutions, Inc. as part of the merger process[17] - If the merger does not close, the company will pursue organic growth and acquisitions, necessitating capital raising to fund these strategies[18] Business Operations and Services - The company aims to modernize legacy systems and cloud services, having provided solutions to over 40 government and private sector clients[25] - Tellenger's modernization services include cloud assessment and migration, utilizing platforms like Amazon Web Services and Microsoft Azure[26] - The cybersecurity market is a focus area, with Tellenger involved in significant initiatives for the U.S. Department of Homeland Security[27] Financial Performance - The company has incurred net losses of $2,034,435, $17,753,838, $1,131,449, and $717,246 during the years ended December 31, 2023, 2022, 2021, and 2019, respectively[57] - A significant portion of the company's revenues is derived from U.S. government contracting, with higher revenues typically experienced in the third and fourth fiscal quarters[58] - The company has faced operating losses in four of the last five years and may not achieve or maintain profitability in the future[56] Competition and Market Challenges - The company faces strong competition in the IT services market, particularly in conversion and modernization, from larger firms with more resources[36] - The company is subject to intense competition in software development and cloud services, which could negatively impact its operational results[80] - Changes in U.S. federal government funding priorities may materially and adversely affect the company's revenue and earnings[70] Risks and Liabilities - Future acquisitions may result in debt, contingent liabilities, and other expenses that could harm the company's financial condition[55] - The company must accurately estimate costs and timelines for contracts to maintain profitability, as inaccuracies could lead to adverse financial impacts[82] - The company frequently utilizes subcontractors, which may adversely affect contracts if they fail to perform, potentially leading to unintended expenses and loss of future contracts[85] Compliance and Regulatory Issues - The company must maintain effective internal controls over financial reporting to ensure accuracy; failure to do so could adversely affect business and stock price[95] - Compliance with public company regulations has increased legal and financial compliance costs, diverting management's attention and resources[118] Human Resources and Hiring - As of December 31, 2023, the company had 42 full-time and one part-time employees, with plans for future hiring to meet growth requirements[42] - The company faces intense competition for hiring qualified personnel, which is critical for its future success[121] Capital and Financing - The company does not intend to pay dividends for the foreseeable future, focusing instead on retaining earnings for business expansion[104] - The issuance of additional stock could dilute existing shareholders' investments, potentially leading to a decline in the market price of common stock[102] - The company may seek credit facilities to fund operations, which could expose it to additional risks associated with leverage and affect operational flexibility[111] Operational Variability and Risks - Variability in operational results is expected due to factors such as customer retention, seasonal buying patterns, and changes in market needs[126] - The company may face significant fluctuations in financial results, making historical performance unreliable for future expectations[127] - Legal proceedings and claims could result in substantial costs and divert management's attention, potentially harming the business[130] - The company is subject to risks from natural disasters and geopolitical unrest, which could disrupt supply chains and impact sales[132] Technological Adaptation - Rapid technological changes in the IT industry necessitate continuous development and adaptation of services to avoid negative impacts on operations[133]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41092 WaveDancer, Inc. (Exact name of registrant as specified in its charter) Delaware 54-1167364 (State or other jurisdiction of incorporation or orga ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41092 WaveDancer, Inc. (Exact name of registrant as specified in its charter) Delaware 54-1167364 (State or other jurisdiction of incorporation or organization) (I.R.S. Emplo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41092 WaveDancer, Inc. (Exact name of registrant as specified in its charter) Delaware 54-1167364 (State or other jurisdiction of incorporation or organization) (I.R.S. Empl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41092 WAVEDANCER WAVEDANCER, INC. (Exact name of registrant as specified in its charter) Delaware 54-1167364 State or other jurisdic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41092 WaveDancer, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identificat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41092 WaveDancer, Inc. (Exact name of registrant as specified in its charter) Delaware 54-1167364 (State or other jurisdiction of incorporation or organization) (I.R.S. Emplo ...