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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash $ 24,389,004 $ 455,366
Accounts receivable, net of allowances of $138,417 and $100,189 2,445,225 2,217,533
Royalty receivable 49,344 49,344
Inventory, net of allowance for obsolescence of $295,841 and $276,603 1,538,398 1,148,253
Prepaid and other assets 497,110 611,817
Total current assets 28,919,081 4,482,313
Long-term assets    
Property, plant and equipment, net of accumulated depreciation of $159,732 and $124,691 1,668,994 678,589
Right of use assets - operating leases 406,024 467,653
Intangible assets, net of accumulated amortization of $983,466 and $827,108 3,785,187 3,097,666
Investment in equity securities 4,005,374 1,100,000
Total long-term assets 9,865,579 5,343,908
Total assets 38,784,660 9,826,221
Current liabilities    
Accounts payable 313,569 271,251
Accounts payable - related parties 57,507 223,589
Accrued royalties and expenses 527,518 502,191
Accrued bonus and commissions 2,719,258 2,417,277
Operating lease liability - current 128,301 125,587
Total current liabilities 3,746,153 3,539,895
Long-term liabilities    
Operating lease liability - long term 290,751 355,797
Other long-term liabilities 90,293 90,293
Total long-term liabilities 381,044 446,090
Total liabilities 4,127,197 3,985,985
Shareholders' equity    
Common Stock: $0.001 par value, 20,000,000 shares authorized; 7,612,336 issued and outstanding as of June 30, 2021 and 6,297,008 issued and outstanding as of December 31, 2020 7,612 6,297
Additional paid-in capital 44,487,958 13,176,576
Accumulated deficit (9,385,478) (7,032,242)
Total Sanara MedTech shareholders' equity 35,110,092 6,150,631
Equity attributable to noncontrolling interest (452,629) (310,395)
Total shareholders' equity 34,657,463 5,840,236
Total liabilities and shareholders' equity $ 38,784,660 $ 9,826,221