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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2019
Accounting Policies [Abstract] |
Schedule of earnings per share |
|  | Successor |  |  | Predecessor |
|  | January 1, 2019 – December 31, 2019 |  |  | August 28, 2018-December 31, 2018 |  |  | January 1, 2018-August 27, 2018 |
Numerator for basic and diluted net income (loss) per share: |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Sanara MedTech |  | $ | (2,814,088 | ) |  | $ | 138,286 |  |  | $ | 37,178 |
Series C Preferred Stock dividends |  |  | - |  |  |  | - |  |  |  | (28,061 | )
Series C Preferred Stock inducement dividends |  |  | - |  |  |  | - |  |  |  | (103,197 | )
Basic net income (loss) attributable to Sanara MedTech common shareholders |  | $ | (2,814,088 | ) |  | $ | 138,286 |  |  | $ | (94,080 | )
Denominator for basic and diluted net income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares used to compute diluted net income (loss) per share |  |  | 2,132,745 |  |  |  | - |  |  |  | 2,068,941 |
Basic and diluted net income (loss) per share attributable to common shareholders |  | $ | (1.32 | ) |  | $ | - |  |  | $ | (0.05 | )
Potential shares excluded |
|  | Successor |  |  | Predecessor |
|  | January 1, 2019 – December 31, 2019 |  |  | August 28, 2018-December 31, 2018 |  |  | January 1, 2018-August 27, 2018 |
Options |  |  | 2,059 |  |  |  | - |  |  |  | - |
Convertible debt |  |  | 178,173 |  |  |  | - |  |  |  | - |
Preferred Shares |  |  | 2,273,630 |  |  |  | 2,273,630 |  |  |  | - |
Property and equipment summary |
|  | Successor |  |  | Successor |
|  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
Computers |  | $ | 87,310 |  |  | $ | 5,147 |
Office Equipment |  |  | 22,312 |  |  |  | - |
Furniture and fixtures |  |  | 153,995 |  |  |  | 3,328 |
Leasehold Improvements |  |  | 2,030 |  |  |  | - |
Capital in progress |  |  | - |  |  |  | 10,813 |
|  |  | 265,647 |  |  |  | 19,288 |
Less accumulated depreciation |  |  | (60,694 | ) |  |  | (511 | )
Property and equipment, net |  | $ | 204,953 |  |  | $ | 18,777 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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