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Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 7,286,437 $ 8,958,995
Royalty receivable 49,344 99,594
Inventory, net 3,431,704 3,549,000
Prepaid and other assets 1,748,338 1,104,611
Total current assets 19,007,678 20,616,509
Long-term assets    
Property and equipment, net 1,335,817 1,416,436
Right of use assets – operating leases 2,099,021 806,402
Goodwill 3,601,781 3,601,781
Intangible assets, net 30,838,779 31,509,980
Investment in equity securities 3,084,278 3,084,278
Total long-term assets 40,959,676 40,418,877
Total assets 59,967,354 61,035,386
Current liabilities    
Accrued royalties and expenses 2,031,701 2,144,475
Accrued bonuses and commissions 5,808,959 7,758,284
Earnout liabilities – current 686,406 1,162,880
Operating lease liabilities – current 253,381 313,933
Total current liabilities 10,601,797 12,806,309
Long-term liabilities    
Earnout liabilities – long-term 6,027,598 6,003,811
Operating lease liabilities – long-term 1,859,189 505,291
Total long-term liabilities 7,886,787 6,509,102
Total liabilities 18,488,584 19,315,411
Commitments and contingencies (Note 8)  
Shareholders’ equity    
Common Stock: $0.001 par value, 20,000,000 shares authorized; 8,385,027 issued and outstanding as of March 31, 2023 and 8,299,957 issued and outstanding as of December 31, 2022 8,385 8,300
Additional paid-in capital 66,529,380 65,213,987
Accumulated deficit (24,913,011) (23,394,757)
Total Sanara MedTech shareholders’ equity 41,624,754 41,827,530
Equity attributable to noncontrolling interest (145,984) (107,555)
Total shareholders’ equity 41,478,770 41,719,975
Total liabilities and shareholders’ equity 59,967,354 61,035,386
Nonrelated Party [Member]    
Current assets    
Accounts receivable – related party 6,467,909 6,805,761
Current liabilities    
Accounts payable – related parties 1,798,061 1,392,701
Related Party [Member]    
Current assets    
Accounts receivable – related party 23,946 98,548
Current liabilities    
Accounts payable – related parties $ 23,289 $ 34,036