For the quarter ending 2025-09-30, SMTI had -$2,019,098 decrease in cash & cash equivalents over the period. $1,116,958 in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -30,412,108 | -5,545,781 |
| Depreciation and amortization | 3,277,569 | - |
| Asset impairment charge | 26,472,407 | - |
| Gain on disposal of property and equipment | 9,674 | - |
| Credit loss expense | 165,199 | 294,034 |
| Depreciation and amortization | - | 2,238,641 |
| Inventory obsolescence | 117,615 | 371,957 |
| Share-based compensation | 1,232,445 | 2,740,343 |
| Noncash lease expense | 86,527 | 359,758 |
| Change in fair value of earnout liabilities | - | 0 |
| Share of losses from equity method investments | -288,642 | -339,090 |
| Back-end fee | 201,411 | 377,490 |
| Paid-in-kind interest | 598,172 | 995,244 |
| Accretion of finance liabilities | 33,481 | 86,541 |
| Amortization and write-off of debt issuance costs | 73,542 | 132,821 |
| Accounts receivable, net | 270,045 | -125,086 |
| Accounts receivable related parties | -9,081 | -31,485 |
| Inventory, net | -8,278 | 1,130,775 |
| Prepaid and other assets | -394,551 | 76,285 |
| Accounts payable | -317,504 | -42,464 |
| Gain on disposal of property and equipment | - | 9,674 |
| Accounts payable related parties | -5,017 | 1,442 |
| Accrued royalties and expenses | 86,691 | 317,076 |
| Accrued bonuses and commissions | 2,459,004 | -579,389 |
| Operating lease liabilities | -84,859 | -361,513 |
| Net cash provided by (used in) operating activities | 2,176,441 | 665,127 |
| Purchases of property and equipment | 1,059,483 | 3,484,008 |
| Proceeds from disposal of property and equipment | 0 | 60,000 |
| Purchases of intangible assets | 0 | 23,452 |
| Investment in equity securities | 2,361,307 | 3,538,217 |
| Carepics acquisition | 0 | 2,122,146 |
| Pay off line of credit | - | 0 |
| Net cash used in investing activities | -3,420,790 | -9,107,823 |
| Loan proceeds, net of debt issuance costs of 228,183 in 2025 and 1,160,740 in 2024 | 0 | 12,021,817 |
| Pay off debt assumed in carepics acquisition | 0 | 1,650,000 |
| Net settlement of equity-based awards | -71,749 | -692,672 |
| Cash payment of finance and earnout liabilities | 703,000 | 156,000 |
| Net cash provided by financing activities | -774,749 | 9,523,145 |
| Net increase (decrease) in cash | -2,019,098 | 1,080,449 |
| Cash and cash equivalents at beginning of period | 15,878,295 | - |
| Cash and cash equivalents at end of period | 14,939,646 | - |
Sanara MedTech Inc. (SMTI)
Sanara MedTech Inc. (SMTI)