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SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

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

The following table reflects results of operations including significant segment expenses that are regularly provided to the CODM for the Company’s reportable segments and Segment Adjusted EBITDA for the periods indicated below:

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

		Sanara Surgical				THP				Total				Sanara Surgical				THP				Total
		Year Ended December 31,
		2024												2023
		Sanara Surgical				THP				Total				Sanara Surgical				THP				Total
Net revenue		$	86,672,425			$	-			$	86,672,425			$	64,987,112			$	2,730			$	64,989,842
Gross profit (loss)			78,532,524				-				78,532,524				57,143,391				(6,235	)			57,137,156
Selling, general and administrative			71,673,642				4,886,221				76,559,863				54,826,852				2,167,901				56,994,753
Research and development			2,828,663				2,874,699				5,703,362				902,782				3,229,643				4,132,425
Depreciation and amortization			2,785,829				2,137,395				4,923,224				2,046,859				1,628,167				3,675,026
Change in fair value of earnout liabilities			(14,451	)			(1,924,000	)			(1,938,451	)			(1,298,336	)			(2,151,559	)			(3,449,895	)
Other expense			3,196,424				-				3,196,424				224,749				-				224,749
Net income (loss)		$	(1,937,583	)		$	(7,974,315	)		$	(9,911,898	)		$	440,485			$	(4,880,387	)		$	(4,439,902	)
Segment Adjusted EBITDA		$	9,148,722			$	(6,457,415	)		$	2,691,307			$	5,289,634			$	(5,162,387	)		$	127,247

SCHEDULE OF RECONCILIATION OF NET INCOME (LOSS) TO SEGMENT EBITDA FOR REPORTABLE SEGMENTS

The following table provides a reconciliation of net income (loss) to Segment Adjusted EBITDA for the Company’s reportable segments for the periods indicated below:

SCHEDULE OF RECONCILIATION OF NET INCOME (LOSS) TO SEGMENT EBITDA FOR REPORTABLE SEGMENTS

		Sanara Surgical				THP				Total				Sanara Surgical				THP				Total
		Year Ended December 31,
		2024												2023
		Sanara Surgical				THP				Total				Sanara Surgical				THP				Total
Net Income (Loss)		$	(1,937,583	)		$	(7,974,315	)		$	(9,911,898	)		$	440,485			$	(4,880,387	)		$	(4,439,902	)
Adjustments:
Interest expense			3,128,395				-				3,128,395				475,783				-				475,783
Interest income			(21,978	)			-				(21,978	)			-				-				-
Depreciation and amortization (1)			2,785,829				2,137,395				4,923,224				2,046,859				1,628,167				3,675,026
Noncash share-based compensation			3,969,008				138,245				4,107,253				3,201,330				241,392				3,442,722
Change in fair value of earnout liabilities			(14,451	)			(1,924,000	)			(1,938,451	)			(1,298,336	)			(2,151,559	)			(3,449,895	)
Share of losses from equity method investments			90,007				-				90,007				-				-				-
Executive separation costs (2)			964,466				-				964,466				-				-				-
Acquisition costs (3)			185,029				1,165,260				1,350,289				423,513				-				423,513
Segment Adjusted EBITDA		$	9,148,722			$	(6,457,415	)		$	2,691,307			$	5,289,634			$	(5,162,387	)		$	127,247

(1) Includes a $506,836 non-cash charge during the fourth quarter of 2024 to write-off the remaining net book value of certain THP internal use software assets.

(2) Includes $328,795 of share-based compensation related to executive separation costs for the twelve months ended December 31, 2024.

(3) Acquisition costs include legal, tax and accounting services related to prospective acquisitions.

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

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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.

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