For the year ending 2025-12-31, SMTI has $72,944,071 in assets. $67,014,295 in debts. $16,578,857 in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | |||
|---|---|---|---|---|
| Cash | 16,578,857 | |||
| Accounts receivable | 11,998,075 | |||
| Inventory, net | 3,948,748 | |||
| Prepaid and other assets | 948,620 | |||
| Current assets related to discontinued operations (note 3) | 67,863 | |||
| Total current assets | 33,542,163 | |||
| Intangible assets, net | 18,640,673 | |||
| Goodwill | 3,601,781 | |||
| Investment in equity securities | 14,626,858 | |||
| Right of use assets operating leases | 2,075,634 | |||
| Property and equipment, gross | 1,129,834 | |||
| Less accumulated depreciation | 672,872 | |||
| Property and equipment, net | 456,962 | |||
| Total long-term assets | 39,401,908 | |||
| Total assets | 72,944,071 | |||
| Accounts payable-Nonrelated Party | 2,313,761 | |||
| Accounts payable-Related Party | 25,000 | |||
| Accrued bonuses and commissions | 11,781,435 | |||
| Accrued royalties and expenses | 2,684,626 | |||
| Earnout liabilities current | 235,001 | |||
| Operating lease liabilities current | 353,229 | |||
| Current liabilities related to discontinued operations (note 3) | 1,233,478 | |||
| Total current liabilities | 18,626,530 | |||
| Total debt | 46,926,976 | |||
| Less unamortized debt issuance costs | 956,039 | |||
| Long-term debt | 45,970,937 | |||
| Operating lease liabilities long-term | 1,868,703 | |||
| Other long-term liabilities | 548,125 | |||
| Total long-term liabilities | 48,387,765 | |||
| Total liabilities | 67,014,295 | |||
| Common stock 0.001 par value, 20,000,000 shares authorized 8,946,913 issued and outstanding as of december 31, 2025 and 8,753,773 issued and outstanding as of december 31, 2024 | 8,948 | |||
| Additional paid-in capital | 81,232,536 | |||
| Accumulated deficit | -75,303,042 | |||
| Total sanara medtech shareholders equity | 5,938,442 | |||
| Equity attributable to noncontrolling interest | -8,666 | |||
| Total shareholders equity | 5,929,776 | |||
| Total liabilities and shareholders equity | 72,944,071 | |||
Sanara MedTech Inc. (SMTI)
Sanara MedTech Inc. (SMTI)