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Statement - CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash $ 6,611,928 $ 176,421
Accounts receivable, net of allowance for bad debt of $60,012 and $0 1,285,165 1,022,500
Royalties receivable 50,250 0
Inventory, net of allowance for obsolescence of $43,650 and $484 746,519 465,314
Prepaid and other assets 161,902 26,446
Total Current Assets 8,855,764 1,690,681
LONG-TERM ASSETS:    
Property, plant and equipment, net of accumulated depreciation of $60,694 and $511 204,953 18,777
Right of use assets - operating lease 585,251 0
Intangible assets, net of accumulated amortization of $603,580 and $0 1,471,194 0
Total Long-Term Assets 2,261,398 18,777
TOTAL ASSETS 11,117,162 1,709,458
CURRENT LIABILITIES:    
Accounts Payable 337,504 156,727
Accounts Payable - related party 68,668 36,203
Accrued royalties and expenses 528,060 228,606
Accrued bonus and commission 1,588,056 701,125
Operating lease liability - current 117,533 0
Line of credit 0 0
Total Current Liabilities 2,639,821 1,122,661
LONG-TERM LIABILITIES    
Operating lease liability - long term 481,384 0
Convertible notes payable - related parties 1,500,000 0
Accrued interest - related party 103,557 0
Total Long-Term Liabilities 2,084,941 0
TOTAL LIABILITIES 4,724,762 1,122,661
STOCKHOLDERS' EQUITY (DEFICIT)    
Series F Convertible Preferred Stock: $10 par value, 1,200,000 shares authorized; 1,136,815 issued and outstanding as of December 31, 2019 and 1,136,815 issued and outstanding as of December 31, 2018 11,368,150 11,368,150
Common Stock: $0.001 par value, 20,000,000 shares authorized; 3,571,001 issued and outstanding as of December 31, 2019 and none issued and outstanding as of December 31, 2018 3,571 0
Additional Paid-in Capital (2,081,829) (10,919,639)
Retained earnings (accumulated deficit) (2,675,802) 138,286
Total Sanara MedTech shareholders' equity 6,614,090 586,797
Equity attributable to noncontrolling interest (221,690) 0
Total Stockholders' equity 6,392,400 586,797
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 11,117,162 $ 1,709,458