v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 13,594,459 $ 16,578,857
Accounts receivable, net 13,617,407 11,998,075
Inventory, net 3,120,795 3,948,748
Prepaid and other assets 816,788 948,620
Current assets related to discontinued operations (Note 3) 48,533 67,863
Total current assets 31,197,982 33,542,163
Long-term assets    
Intangible assets, net 17,860,273 18,640,673
Goodwill 3,601,781 3,601,781
Investment in equity securities 14,164,351 14,626,858
Right of use assets – operating leases 1,993,850 2,075,634
Property and equipment, net 458,880 456,962
Total long-term assets 38,079,135 39,401,908
Total assets 69,277,117 72,944,071
Current liabilities    
Accrued bonuses and commissions 9,082,596 11,781,435
Accrued royalties and expenses 2,615,798 2,684,626
Earnout liabilities – current 235,001
Operating lease liabilities – current 367,945 353,229
Current liabilities related to discontinued operations (Note 3) 713,260 1,233,478
Total current liabilities 13,700,842 18,626,530
Long-term liabilities    
Long-term debt 46,226,422 45,970,937
Operating lease liabilities – long-term 1,770,756 1,868,703
Other long-term liabilities 559,602 548,125
Total long-term liabilities 48,556,780 48,387,765
Total liabilities 62,257,622 67,014,295
Commitments and contingencies (Note 9)
Shareholders’ equity    
Common Stock: $0.001 par value, 20,000,000 shares authorized; 9,165,148 issued and outstanding as of March 31, 2026 and 8,946,913 issued and outstanding as of December 31, 2025 9,166 8,948
Additional paid-in capital 81,522,244 81,232,536
Accumulated deficit (74,502,895) (75,303,042)
Total Sanara MedTech shareholders’ equity 7,028,515 5,938,442
Equity attributable to noncontrolling interest (9,020) (8,666)
Total shareholders’ equity 7,019,495 5,929,776
Total liabilities and shareholders’ equity 69,277,117 72,944,071
Nonrelated Party [Member]    
Current assets    
Accounts receivable, net 13,617,407 11,998,075
Current liabilities    
Accounts payable 905,396 2,338,761
Related Party [Member]    
Current liabilities    
Accounts payable $ 15,847