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Statement - CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash $ 419,163 $ 176,421
Accounts receivable, net of allowance for bad debt of $40,865 and $0 1,330,139 1,022,500
Royalty receivable 50,250 0
Inventory, net of allowance for obsolescence of $81,196 and $484 394,585 465,315
Prepaid other - related party 144,587 0
Prepaid and other assets 855,691 26,445
Total current assets 3,194,415 1,690,681
Long-term assets    
Property, plant and equipment, net of accumulated depreciation of $74,403 and $511 72,422 18,777
Right of use assets - operating leases 193,634 0
Intangible assets, net of accumulated amortization of $532,535 and $0 19,754 0
Total long-term assets 285,810 18,777
Total assets 3,480,225 1,709,458
Current liabilities    
Accounts payable 185,241 156,727
Accounts payable - related party 143,510 36,203
Accrued royalties and payables 412,435 228,606
Accrued bonus and commissions 1,057,050 701,125
Operating lease liability - current 98,071 0
Line of credit 1,000,000 0
Total current liabilities 2,896,307 1,122,661
Long-term liabilities    
Operating lease liability - long term 106,580 0
Convertible notes payable - related party 1,500,000 0
Accrued interest 64,208 0
Total long-term liabilities 1,670,788 0
Total liabilities 4,567,095 1,122,661
Shareholders' equity (deficit)    
Series F Convertible Preferred Stock: $10 par value, 1,200,000 shares authorized; 1,136,815 issued and outstanding as of June 30, 2019 and 1,136,815 issued and outstanding as of December 31, 2018 11,368,150 11,368,150
Common Stock: $0.001 par value, 20,000,000 shares authorized; 2,366,181 issued and outstanding as of June 30, 2019 and none issued and outstanding as of December 31, 2018 2,366 0
Additional Paid-in Capital (12,080,629) (10,919,639)
Retained earnings (accumulated deficit) (375,703) 138,286
Total Sanara MedTech shareholders' equity (deficit) (1,085,816) 586,797
Equity attributable to noncontrolling interest (1,054) 0
Total shareholders' equity (1,086,870) 586,797
Total liabilities and shareholders' equity $ 3,480,225 $ 1,709,458