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Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 20,687,806 $ 15,878,295
Inventory, net 3,159,382 2,753,032
Convertible loan receivable 1,101,478
Prepaid and other assets 1,091,039 1,123,798
Total current assets 36,842,548 33,305,988
Long-term assets    
Intangible assets, net 42,013,997 41,006,776
Goodwill 3,601,781 3,601,781
Investment in equity securities 10,690,283 8,297,223
Right of use assets – operating leases 1,173,851 1,447,907
Property and equipment, net 2,056,121 432,317
Total long-term assets 59,536,033 54,786,004
Total assets 96,378,581 88,091,992
Current liabilities    
Accrued bonuses and commissions 8,212,379 10,778,840
Accrued royalties and expenses 2,701,561 2,621,867
Operating lease liabilities – current 229,710 358,687
Total current liabilities 13,281,055 15,290,071
Long-term liabilities    
Long-term debt 43,402,223 30,689,290
Earnout liabilities – long-term 771,001 748,001
Operating lease liabilities – long-term 1,087,947 1,237,051
Other long-term liabilities 1,168,778 1,215,617
Total long-term liabilities 46,429,949 33,889,959
Total liabilities 59,711,004 49,180,030
Shareholders’ equity    
Common Stock: $0.001 par value, 20,000,000 shares authorized; 8,903,630 issued and outstanding as of March 31, 2025 and 8,753,773 issued and outstanding as of December 31, 2024 8,904 8,754
Additional paid-in capital 77,973,673 77,179,211
Accumulated deficit (41,311,569) (37,784,392)
Total Sanara MedTech shareholders’ equity 36,671,008 39,403,573
Equity attributable to noncontrolling interest (3,431) (491,611)
Total shareholders’ equity 36,667,577 38,911,962
Total liabilities and shareholders’ equity 96,378,581 88,091,992
Nonrelated Party [Member]    
Current assets    
Accounts receivable 11,861,502 12,408,819
Current liabilities    
Accounts payable 2,095,600 1,499,764
Related Party [Member]    
Current assets    
Accounts receivable 42,819 40,566
Current liabilities    
Accounts payable $ 41,805 $ 30,913