SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

SCHEDULE OF BASIC AND DILUTED NET LOSS PER SHARE

The calculation of basic and diluted net loss per share for the years ended December 31, 2021 and 2020 are as follows:

	December 31,
	2021			2020
Numerator for basic and diluted net loss per share:
Net loss attributable to Sanara MedTech common shareholders	$	(7,921,914	)	$	(4,356,440	)
Denominator for basic and diluted net loss per share:
Weighted average shares used to compute diluted net loss per share		7,341,580			5,734,537
Basic and diluted net loss per share attributable to common shareholders	$	(1.08	)	$	(0.76	)

SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER SHARE

The following table summarizes the shares of common stock that were potentially issuable but were excluded from the computation of diluted net loss per share for the years ended December 31, 2021 and 2020 as such shares would have had an anti-dilutive effect:

	As of December 31,
	2021		2020
Stock options		11,500		11,500
Unvested restricted stock		161,450		170,178

SCHEDULE OF REVENUE FROM PRODUCT SALES AND ROYALTIES

Revenue streams from product sales and royalties are summarized below for the years ended December 31, 2021 and 2020. All revenue was generated in the United States; therefore, no geographical disaggregation was necessary.

	For the Year Ended
	December 31,
	2021		2020
Product sales revenue	$	23,942,919	$	15,385,976
Royalty revenue		201,000		201,000
Total Revenue	$	24,143,919	$	15,586,976

SCHEDULE OF PROPERTY AND EQUIPMENT

Property and equipment are stated at cost, less accumulated depreciation. Depreciation is recorded using the straight-line method over the estimated useful lives of the related assets, ranging from three to ten years. Below is a summary of property and equipment for the periods presented:

	December 31,			December 31,
	2021			2020
Computers	$	104,568		$	87,252
Office equipment		21,731			22,597
Furniture and fixtures		221,565			205,871
Leasehold improvements		2,030			2,030
Internal use software		1,622,525			485,530
		1,972,419			803,280
Less accumulated depreciation		(342,574	)		(124,691	)
Property and equipment, net	$	1,629,845		$	678,589