Revenue Performance - Total revenue for Q2 2023 was $2,024,622, a decrease of 46.0% from $3,750,520 in Q2 2022, primarily due to reduced third-party software sales[107] - Total revenue for the six months ended June 30, 2023, was $4,184,745, a decrease of 38.0% from $6,746,032 in the same period in 2022[112] - The sale of GMI to GMDC on March 17, 2023, resulted in a revenue decrease of $566,862 and a gross profit decrease of $220,242 for the first half of 2023 compared to the same period in 2022[117] Professional Services - Professional services revenue decreased by 13.6% to $1,967,957 in Q2 2023 from $2,277,832 in Q2 2022, driven by fewer resources deployed on a software modernization project[107] - The company is focusing on organic growth and acquisitions, particularly in professional services, to enhance margins and expand its market presence[106] Gross Profit - Gross profit for Q2 2023 was $705,013, down 22.0% from $903,841 in Q2 2022, with professional services gross profit as a percentage of revenue declining from 37.5% to 35.8%[108] - Gross profit for the six months ended June 30, 2023, decreased by 14.9% to $1,361,811 from $1,600,311 in the prior year[113] Operating Income and Loss - Operating income from continuing operations improved to $493,116 in Q2 2023, compared to a loss of $1,599,270 in Q2 2022, largely due to a gain on litigation settlement[110] - The operating loss from continuing operations for the first half of 2023 was $461,614, a decrease of $2,814,718 or 85.9% compared to the first half of 2022[116] - The company generated a net loss from continuing operations of $779,174 for the six months ended June 30, 2023[123] Expenses - Total selling, general and administrative (SG&A) expenses for Q2 2023 were $1,654,365, down 33.9% from $2,503,111 in Q2 2022[109] - Total SG&A expenses for the six months ended June 30, 2023, were $3,265,893, a decrease of 33.0% from $4,876,643 in the same period in 2022[115] Discontinued Operations - The company sold 75.1% of its Gray Matters, Inc. subsidiary on March 17, 2023, and has reflected it as a discontinued operation[100] - The net loss on discontinued operations for the first half of 2023 was $335,993, a decrease of $813,497 compared to a net income of $477,504 in the first half of 2022[117] Cash Flow and Capital Needs - As of June 30, 2023, the company had a net working capital deficit of $780,357, with cash and cash equivalents of $338,300[123] - The company anticipates needing to raise additional capital by the first quarter of 2024 to meet ongoing operating cash flow requirements[124] - Cash used for continuing operations during the second quarter of 2023 was $389,177, with an anticipated total cash usage of approximately $1.0 million to $1.5 million over the next twelve months[125] - On August 9, 2023, the company received $1,400,000 from GMDC as proceeds from the sale of common stock and contingent consideration[125] - The company repaid $500,000 on its line of credit with Summit bank on August 9, 2023, and is finalizing an extension of the line of credit expiration date to December 31, 2023[125] - The company has no commitments for capital spending or plans for material capital expenditures[125]

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 orga ...

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, INC. (Exact name of registrant as specified in its charter) Delaware 54-1167364 State or other jurisdiction of (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 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 ...

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accele ...

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, 2021 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: 000-22405 WAVEDANCER, INC. (Exact name of registrant as specified in its charter) | Delaware | 54-1167364 | | --- | --- | | (State or ot ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 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: 000-22405 Information Analysis Incorporated (Exact name of registrant as specified in its charter) Virginia 54-1167364 (State o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 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: 000-22405 Information Analysis Incorporated (Exact name of registrant as specified in its charter) Virginia 54-1167364 (State or oth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 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: 000-22405 Information Analysis Incorporated (Exact name of registrant as specified in its charter) Virginia 54-1167364 (State or ot ...

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, 2020 ☐ 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 000-22405 Information Analysis Incorporated (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpora ...