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Statement - CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash $ 3,305,281 $ 6,611,928
Accounts receivable, net of allowance for bad debt of $80,029 and $60,012 1,368,371 1,285,165
Royalty receivable 49,344 50,250
Inventory, net of allowance for obsolescence of $93,944 and $43,650 862,692 746,519
Prepaid other - related party 50,970 0
Prepaid and other assets 472,568 161,902
Total current assets 6,109,226 8,855,764
Long-term assets    
Property, plant and equipment, net of accumulated depreciation of $91,424 and $60,694 227,002 204,953
Right of use assets - operating leases 527,371 585,251
Intangible assets, net of accumulated amortization of $698,079 and $603,580 3,226,696 1,471,194
Total long-term assets 3,981,069 2,261,398
Total assets 10,090,295 11,117,162
Current liabilities    
Accounts payable 139,795 337,504
Accounts payable - related party 752,322 68,668
Accrued royalties and expenses 861,792 528,060
Accrued bonus and commissions 1,519,736 1,588,056
Operating lease liability - current 122,750 117,533
Short-term debt 190,433 0
Accrued interest 1,101 0
Total current liabilities 3,587,929 2,639,821
Long-term liabilities    
Operating lease liability - long term 419,054 481,384
Convertible notes payable - related party 0 1,500,000
Long-term debt 392,567 0
Accrued interest - related party 0 103,557
Other long-term liabilities 77,092 0
Total long-term liabilities 888,713 2,084,941
Total liabilities 4,476,642 4,724,762
Shareholders' equity    
Series F Convertible Preferred Stock: $10 par value, 1,200,000 shares authorized; none issued and outstanding as of June 30, 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; 6,203,402 issued and outstanding as of June 30, 2020 and 3,571,001 issued and outstanding as of December 31, 2019 6,203 3,571
Additional paid-in capital 11,475,511 (2,081,829)
Accumulated deficit (5,638,523) (2,675,802)
Total Sanara MedTech shareholders' equity 5,843,191 6,614,090
Equity attributable to noncontrolling interest (229,538) (221,690)
Total shareholders' equity 5,613,653 6,392,400
Total liabilities and shareholders' equity $ 10,090,295 $ 11,117,162