Sanara MedTech Inc. (SMTI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1200 SUMMIT AVE
FORT WORTH, TX 76102
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,95918,6534556,612732463
Cash and cash equivalents8,95918,6534556,612732463
Receivables 6,904160    
Inventory, net of allowances, customer advances and progress billings3,5492,0481,148747 711
Inventory3,5492,0481,148747 711
Other undisclosed current assets1,2043,7482,8791,497247863
Total current assets:20,61724,6084,4828,8569782,037
Noncurrent Assets
Operating lease, right-of-use asset806413468 
Property, plant and equipment1,4161,6306792055363
Long-term investments and receivables3,0845,0171,100   
Long-term investments3,0845,0171,100   
Intangible assets, net (including goodwill)35,1124,7283,0981,47152117
Goodwill3,602     
Intangible assets, net (excluding goodwill)31,5104,7283,0981,47152117
Other undisclosed noncurrent assets    5851,958 
Total noncurrent assets:40,41911,7885,3442,2612,064181
TOTAL ASSETS:61,03536,3969,82611,1173,0422,218
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,2955,6633,1912,454330841
Interest and dividends payable    325
Accounts payable 1,39343827133854225
Accrued liabilities9,9035,2252,9192,116276291
Debt     1,200
Deferred rent credit     10
Deferred revenue and credits14
Due to related parties34156224696360
Other liabilities1,163     
Other undisclosed current liabilities314203126118  
Total current liabilities:12,8066,0223,5402,6404042,115
Noncurrent Liabilities
Long-term debt and lease obligation 222356   
Long-term debt, excluding current maturities      
Liabilities, other than long-term debt6,509 90   
Other liabilities6,004 90   
Operating lease, liability505222356 
Other undisclosed noncurrent liabilities (222) 2,0851,526 
Total noncurrent liabilities:6,5092224462,0851,526 
Total liabilities:19,3156,2443,9864,7251,9302,115
Equity
Equity, attributable to parent41,82830,6406,1516,6141,112103
Preferred stock    11,368 856
Common stock8864237113
Treasury stock, value     (12)(12)
Additional paid in capital65,21445,86813,177(2,082)48,35646,014
Accumulated deficit(23,395)(15,235)(7,032)(2,676)(47,469)(46,868)
Equity, attributable to noncontrolling interest(108)(488)(310)(222)  
Total equity:41,72030,1525,8406,3921,112103
TOTAL LIABILITIES AND EQUITY:61,03536,3969,82611,1173,0422,218

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues45,84324,14415,587 5,8386,305
Cost of revenue(6,361)(2,311)(1,617) (507)(806)
Cost of goods and services sold(540)(252)(318)  (806)
Gross profit:39,48221,83313,970 5,3305,499
Operating expenses(51,714)(29,209)(19,005) (5,832)(5,378)
Other undisclosed operating loss      (0)
Operating income (loss):(12,232)(7,376)(5,035) (502)120
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,705)(618)589 (99)211
Interest and debt expense(285)(1)586 (87)115
Income (loss) from continuing operations before equity method investments, income taxes:(14,222)(7,995)(3,859) (687)446
Other undisclosed income from continuing operations before income taxes285     
Income (loss) from continuing operations before income taxes:(13,937)(7,995)(3,859) (687)446
Income tax benefit 5,845     
Income (loss) from continuing operations:(8,092)(7,995)(3,859) (687)446
Income (loss) before gain (loss) on sale of properties:(7,995)(3,859) (687)446
Other undisclosed net income      
Net income (loss):(8,092)(7,995)(3,859) (687)446
Net income attributable to noncontrolling interest1557289   
Other undisclosed net income (loss) attributable to parent (71)(586) 87(115)
Net income (loss) attributable to parent:(7,937)(7,994)(4,356) (601)331
Other undisclosed net income (loss) available to common stockholders, basic 72  (131)(139)
Net income (loss) available to common stockholders, diluted:(7,937)(7,922)(4,356) (732)192

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(8,092)(7,995)(3,859) (687)446
Comprehensive income (loss):(8,092)(7,995)(3,859) (687)446
Comprehensive income, net of tax, attributable to noncontrolling interest1557289   
Comprehensive income (loss), net of tax, attributable to parent:(7,937)(7,923)(3,770) (687)446

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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