v3.25.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 16,958,744 $ 15,878,295
Inventory, net 3,511,850 2,753,032
Convertible loan receivable 1,101,478
Prepaid and other assets 1,200,083 1,123,798
Total current assets 33,669,456 33,305,988
Long-term assets    
Intangible assets, net 40,992,568 41,006,776
Goodwill 3,601,781 3,601,781
Investment in equity securities 10,515,812 8,297,223
Right of use assets – operating leases 1,088,149 1,447,907
Property and equipment, net 8,899,879 432,317
Total long-term assets 65,098,189 54,786,004
Total assets 98,767,645 88,091,992
Current liabilities    
Accrued bonuses and commissions 10,199,451 10,778,840
Accrued royalties and expenses 2,964,143 2,621,867
Earnout liabilities – current 39,659
Operating lease liabilities – current 182,935 358,687
Total current liabilities 14,875,844 15,290,071
Long-term liabilities    
Long-term debt 44,216,662 30,689,290
Earnout liabilities – long-term 2,110,945 748,001
Operating lease liabilities – long-term 1,051,290 1,237,051
Other long-term liabilities 1,120,958 1,215,617
Total long-term liabilities 48,499,855 33,889,959
Total liabilities 63,375,699 49,180,030
Commitments and contingencies (Note 9)  
Shareholders’ equity    
Common Stock: $0.001 par value, 20,000,000 shares authorized; 8,903,662 issued and outstanding as of June 30, 2025 and 8,753,773 issued and outstanding as of December 31, 2024 8,904 8,754
Additional paid-in capital 78,678,081 77,179,211
Accumulated deficit (43,287,572) (37,784,392)
Total Sanara MedTech shareholders’ equity 35,399,413 39,403,573
Equity attributable to noncontrolling interest (7,467) (491,611)
Total shareholders’ equity 35,391,946 38,911,962
Total liabilities and shareholders’ equity 98,767,645 88,091,992
Nonrelated Party [Member]    
Current assets    
Accounts receivable 11,989,698 12,408,819
Current liabilities    
Accounts payable 1,457,301 1,499,764
Related Party [Member]    
Current assets    
Accounts receivable 9,081 40,566
Current liabilities    
Accounts payable $ 32,355 $ 30,913