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SCENDIA PURCHASE AGREEMENT (Tables)
 9 Months Ended
Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]  
SCHEDULE OF PURCHASE CONSIDERATION ON FAIR VALUE OF ASSETS ACQUIRED

  

      
Balance at December 31, 2022  $7,166,691 
Additions   893,000 
Changes in fair value of earnout liabilities   (1,494,910)
Settlements   (692,795)
Balance at September 30, 2023  $5,871,986 
Scendia Biologics LLC [Member]  
Restructuring Cost and Reserve [Line Items]  
SCHEDULE OF PURCHASE CONSIDERATIONS

The total purchase consideration, subject to typical post-closing adjustments, as determined by the Company was as follows:

  

Consideration  Equity Shares   Dollar Value 
Fair value of Sanara common shares issued   291,686   $6,032,066 
Cash consideration        1,562,668 
Fair value of contingent earnout consideration        3,000,000 
Total purchase consideration       $10,594,734 
SCHEDULE OF PURCHASE CONSIDERATION ON FAIR VALUE OF ASSETS ACQUIRED

 

Description  Amount 
Cash  $201,406 
Net working capital (excluding cash)   1,294,499 
Fixed assets, net   42,300 
Noncontrolling interest in Sanara Biologics, LLC   2,638 
Customer relationships   7,155,000 
Deferred tax liabilities   (1,702,890)
Goodwill   3,601,781 
Net assets acquired  $10,594,734