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SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

SCHEDULE OF OPERATIONS, ASSETS AND CAPITAL EXPENDITURES FOR OUR BUSINESS SEGMENTS

The following tables reflect results of operations, Segment EBITDA, segmented assets, and expenditures for long-lived assets for our reportable segments for the periods indicated below:

 SCHEDULE OF OPERATIONS, ASSETS AND CAPITAL EXPENDITURES FOR OUR BUSINESS SEGMENTS

		Sanara Surgical				THP				Total				Sanara Surgical				THP				Total
		Three Months Ended
		June 30,
		2024												2023
		Sanara Surgical				THP				Total				Sanara Surgical				THP				Total
Net revenue		$	20,158,823			$	-			$	20,158,823			$	15,753,164			$	-			$	15,753,164
Gross profit			18,150,137				-				18,150,137				13,565,648				-				13,565,648
Selling, general and administrative expenses			18,349,924				607,684				18,957,608				13,301,230				510,246				13,811,476
Research and development			582,443				403,208				985,651				208,727				968,401				1,177,128
Depreciation and amortization			698,407				407,100				1,105,507				396,597				407,097				803,694
Interest expense			644,346				-				644,346				-				-				-
Net income (loss)			(2,214,313	)			(1,314,889	)			(3,529,202	)			95,098				(1,961,278	)			(1,866,180	)
Segment EBITDA			1,393,959				(801,778	)			592,181				1,120,207				(1,415,831	)			(295,624	)
Segment assets (at period end) (1)		$	51,469,137			$	21,914,468			$	73,383,605			$	51,147,589			$	22,723,560			$	73,871,149
Expenditures for long-lived assets		$	58,762			$	-			$	58,762			$	12,945			$	-			$	12,945

		Sanara Surgical				THP				Total				Sanara Surgical				THP				Total
		Six Months Ended
		June 30,
		2024												2023
		Sanara Surgical				THP				Total				Sanara Surgical				THP				Total
Net revenue		$	38,695,461			$	-			$	38,695,461			$	31,272,351			$	2,730			$	31,275,081
Gross profit			34,796,729				-				34,796,729				26,968,141				(6,235	)			26,961,906
Selling, general and administrative expenses			34,032,964				1,116,903				35,149,867				25,768,626				1,011,919				26,780,545
Research and development			1,161,424				770,525				1,931,949				443,963				2,050,489				2,494,452
Depreciation and amortization			1,396,908				814,019				2,210,927				768,616				813,953				1,582,569
Interest expense			911,682				-				911,682				6				-				6
Net income (loss)			(2,691,798	)			(2,636,447	)			(5,328,245	)			614,061				(3,696,570	)			(3,082,509	)
Segment EBITDA			2,532,145				(1,628,543	)			903,602				2,365,280				(2,953,734	)			(588,454	)
Segment assets (at period end) (1)		$	51,469,137			$	21,914,468			$	73,383,605			$	51,147,589			$	22,723,560			$	73,871,149
Expenditures for long-lived assets		$	124,580			$	-			$	124,580			$	40,650			$	-			$	40,650

(1) - Segment assets for 2023 represent assets as of 12.31.23.

The following tables provide a reconciliation of net income (loss) to Segment EBITDA for our reportable segments for the periods indicated below:

		Sanara Surgical				THP				Total				Sanara Surgical				THP				Total
		Three Months Ended
		June 30,
		2024												2023
		Sanara Surgical				THP				Total				Sanara Surgical				THP				Total
Net Income (Loss)		$	(2,214,313	)		$	(1,314,889	)		$	(3,529,202	)		$	95,098			$	(1,961,278	)		$	(1,866,180	)
Adjustments:
Interest expense			644,346				-				644,346				-				-				-
Depreciation and amortization			698,407				407,100				1,105,507				396,597				407,097				803,694
Noncash share-based compensation			1,046,321				36,429				1,082,750				1,064,516				62,816				1,127,332
Change in fair value of earnout liabilities			89,330				(103,103	)			(13,773	)			(436,004	)			75,534				(360,470	)
Executive separation costs(1)			904,780				-				904,780				-				-				-
Acquisition costs			225,088				172,685				397,773				-				-				-
Segment EBITDA		$	1,393,959			$	(801,778	)		$	592,181			$	1,120,207			$	(1,415,831	)		$	(295,624	)

		Sanara Surgical				THP				Total				Sanara Surgical				THP				Total
		Six Months Ended
		June 30,
		2024												2023
		Sanara Surgical				THP				Total				Sanara Surgical				THP				Total
Net Income (Loss)		$	(2,691,798	)		$	(2,636,447	)		$	(5,328,245	)		$	614,061			$	(3,696,570	)		$	(3,082,509	)
Adjustments:
Interest expense			911,682				-				911,682				6				-				6
Depreciation and amortization			1,396,908				814,019				2,210,927				768,616				813,953				1,582,569
Noncash share-based compensation			1,799,936				86,200				1,886,136				1,609,729				114,908				1,724,637
Change in fair value of earnout liabilities			(14,451	)			(65,000	)			(79,451	)			(627,132	)			(186,025	)			(813,157	)
Executive separation costs(1)			904,780				-				904,780				-				-				-
Acquisition costs			225,088				172,685				397,773				-				-				-
Segment EBITDA		$	2,532,145			$	(1,628,543	)		$	903,602			$	2,365,280			$	(2,953,734	)		$	(588,454	)

(1) - Includes $328,795 of share-based compensation related to executive separation costs.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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