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Statement - CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash $ 4,022,453 $ 6,611,928
Accounts receivable, net of allowance for bad debt of $79,465 and $60,012 1,196,654 1,285,165
Royalty receivable 49,344 50,250
Inventory, net of allowance for obsolescence of $58,574 and $43,650 1,009,213 746,519
Prepaid other - related party 200,000 0
Prepaid and other assets 311,852 161,902
Total current assets 6,789,516 8,855,764
Long-term assets    
Property, plant and equipment, net of accumulated depreciation of $75,754 and $60,694 245,402 204,953
Right of use assets - operating leases 556,533 585,251
Intangible assets, net of accumulated amortization of $641,323 and $603,580 1,933,452 1,471,194
Total long-term assets 2,735,387 2,261,398
Total assets 9,524,903 11,117,162
Current liabilities    
Accounts payable 289,505 337,504
Accounts payable - related party 206,849 68,668
Accrued royalties and expenses 675,442 528,060
Accrued bonus and commissions 1,225,486 1,588,056
Operating lease liability - current 120,121 117,533
Total current liabilities 2,517,403 2,639,821
Long-term liabilities    
Operating lease liability - long term 450,461 481,384
Convertible notes payable - related party 0 1,500,000
Accrued interest - related party 0 103,557
Total long-term liabilities 450,461 2,084,941
Total liabilities 2,967,864 4,724,762
Shareholders' equity (deficit)    
Series F Convertible Preferred Stock: $10 par value, 1,200,000 shares authorized; none issued and outstanding as of March 31, 2020 and 1,136,815 issued and outstanding as of December 31, 2019 0 11,368,150
Common Stock: $0.001 par value, 20,000,000 shares authorized; 6,203,832 issued and outstanding as of March 31, 2020 and 3,571,001 issued and outstanding as of December 31, 2019 6,204 3,571
Additional paid-in capital 11,289,339 (2,081,829)
Accumulated deficit (4,512,759) (2,675,802)
Total Sanara MedTech shareholders' equity (deficit) 6,782,784 6,614,090
Equity attributable to noncontrolling interest (225,745) (221,690)
Total shareholders' equity (deficit) 6,557,039 6,392,400
Total liabilities and shareholders' equity $ 9,524,903 $ 11,117,162