SMTI on Nasdaq
Sanara MedTech Inc.
Sanara MedTech Inc. is an American orthopedic company based in Fort Worth, listed on Nasdaq (SMTI).1
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Last updated Oct 21, 2026.
Overview
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- TickerSMTI on Nasdaq1
- IndustryOrthopedic, Prosthetic & Surgical Appliances & Supplies1
- HeadquartersFort Worth, Texas1
- Incorporated inTX2
- Business address1200 Summit Ave, Suite 414, Fort Worth, Tx 761022
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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Verified Inductive Bone Matrix is a naturally derived, differentiated allograft matrix with robust handling properties.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Soft Tissue Repair Products brought in 89% of the revenue Sanara MedTech Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Soft Tissue Repair Products | $76.1M | $91.3M |
| Bone Fusion Products | $10.5M | $11.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue7¢$7.5M
- Research and development5¢$5.1M
- Selling, general and admin76¢$78.7M
- Other costs5¢$5.0M
- Interest7¢$6.8M
Out of $103.1M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending68¢$4.6M
- Kept or used elsewhere32¢$2.2M
Out of $6.8M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Revenue | $103.1M | $86.7M |
| Cost of goods sold | $7.5M | $8.1M |
| Gross profit | $95.6M | $78.5M |
| Selling, general and administrative | $78.7M | $71.7M |
| Research and development | $5.1M | $2.8M |
| Depreciation and amortization | $2.7M | $2.8M |
| Change in fair value of earnout liabilities | -$14.5K | |
| Asset impairment charges | $1.8M | |
| Total operating expenses | $88.3M | $77.3M |
| Operating income | $7.3M | $1.3M |
| Interest expense | -$6.8M | -$3.1M |
| Share of losses from equity method investments | -$952.5K | -$90.0K |
| Interest income | $3.7K | $22.0K |
| Gain on disposal of property and equipment | $10.9K | |
| Total other income (expense) | -$7.7M | -$3.2M |
| Net loss from continuing operations | -$393.1K | -$1.9M |
| Net loss from discontinued operations (including asset impairment charge of $26,472,407 in 2025) (Note 3) | -$37.2M | -$8.0M |
| Net loss | -$37.6M | -$9.9M |
| Net loss attributable to noncontrolling interest from continuing operations | -$5.4K | -$3.2K |
| Net loss attributable to noncontrolling interest from discontinued operations | -$244.1K | |
| Less: Total net loss attributable to noncontrolling interest | -$5.4K | -$247.4K |
| Net loss attributable to Sanara MedTech shareholders | -$37.6M | -$9.7M |
| Continuing operations, basic | -$0 | -$0 |
| Continuing operations, diluted | -$0 | -$0 |
| Discontinued operations, basic | -$4 | -$1 |
| Discontinued operations, diluted | -$4 | -$1 |
| Net loss per share of common stock, basic | -$4.36 | -$1.14 |
| Net loss per share of common stock, diluted | -$4.36 | -$1.14 |
| Weighted average number of common shares outstanding, basic | 8.6M shares | 8.5M shares |
| Weighted average number of common shares outstanding, diluted | 8.6M shares | 8.5M shares |
| Asset impairment charge being for discontinued operations | $26.5M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $16.6M | $15.9M | |
| Inventory, net | $3.9M | $2.8M | |
| Convertible loan receivable | $1.1M | ||
| Prepaid and other assets | $948.6K | $1.0M | |
| Current assets related to discontinued operations (Note 3) | $67.9K | $101.3K | |
| Total current assets | $33.5M | $33.3M | |
| Intangible assets, net | $18.6M | $23.5M | |
| Goodwill | $3.6M | $3.6M | $3.6M |
| Investment in equity securities | $14.6M | $6.2M | |
| Right of use assets operating leases | $2.1M | $1.4M | |
| Property and equipment, net | $457.0K | $432.3K | |
| Long-term assets related to discontinued operations (Note 3) | $19.6M | ||
| Total long-term assets | $39.4M | $54.8M | |
| Total assets | $72.9M | $88.1M | |
| Accrued bonuses and commissions | $11.8M | $10.1M | |
| Accrued royalties and expenses | $2.7M | $2.3M | |
| Earnout liabilities current | $235.0K | ||
| Operating lease liabilities current | $353.2K | $358.7K | |
| Current liabilities related to discontinued operations (Note 3) | $1.2M | $1.1M | |
| Total current liabilities | $18.6M | $15.3M | |
| Long-term debt | $46.0M | $30.7M | |
| Earnout liabilities long-term | $748.0K | ||
| Operating lease liabilities long-term | $1.9M | $1.2M | |
| Other long-term liabilities | $548.1K | $1.2M | |
| Total long-term liabilities | $48.4M | $33.9M | |
| Total liabilities | $67.0M | $49.2M | |
| 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 | $8.9K | $8.8K | |
| Additional paid-in capital | $81.2M | $77.2M | |
| Accumulated deficit | -$75.3M | -$37.8M | |
| Total Sanara MedTech shareholders equity | $5.9M | $39.4M | |
| Equity attributable to noncontrolling interest | -$8.7K | -$491.6K | |
| Total shareholders equity | $5.9M | $38.9M | $44.6M |
| Total liabilities and shareholders equity | $72.9M | $88.1M | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 20.0M shares | 20.0M shares | |
| Common stock, shares issued | 8.9M shares | 8.8M shares | |
| Common stock, shares outstanding | 8.9M shares | 8.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $16.6M | $15.9M | |
| Inventory, net | $3.9M | $2.8M | |
| Convertible loan receivable | $1.1M | ||
| Prepaid and other assets | $948.6K | $1.0M | |
| Current assets related to discontinued operations (Note 3) | $67.9K | $101.3K | |
| Total current assets | $33.5M | $33.3M | |
| Intangible assets, net | $18.6M | $23.5M | |
| Goodwill | $3.6M | $3.6M | $3.6M |
| Investment in equity securities | $14.6M | $6.2M | |
| Right of use assets operating leases | $2.1M | $1.4M | |
| Property and equipment, net | $457.0K | $432.3K | |
| Long-term assets related to discontinued operations (Note 3) | $19.6M | ||
| Total long-term assets | $39.4M | $54.8M | |
| Total assets | $72.9M | $88.1M | |
| Accrued bonuses and commissions | $11.8M | $10.1M | |
| Accrued royalties and expenses | $2.7M | $2.3M | |
| Earnout liabilities current | $235.0K | ||
| Operating lease liabilities current | $353.2K | $358.7K | |
| Current liabilities related to discontinued operations (Note 3) | $1.2M | $1.1M | |
| Total current liabilities | $18.6M | $15.3M | |
| Long-term debt | $46.0M | $30.7M | |
| Earnout liabilities long-term | $748.0K | ||
| Operating lease liabilities long-term | $1.9M | $1.2M | |
| Other long-term liabilities | $548.1K | $1.2M | |
| Total long-term liabilities | $48.4M | $33.9M | |
| Total liabilities | $67.0M | $49.2M | |
| 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 | $8.9K | $8.8K | |
| Additional paid-in capital | $81.2M | $77.2M | |
| Accumulated deficit | -$75.3M | -$37.8M | |
| Total Sanara MedTech shareholders equity | $5.9M | $39.4M | |
| Equity attributable to noncontrolling interest | -$8.7K | -$491.6K | |
| Total shareholders equity | $5.9M | $38.9M | $44.6M |
| Total liabilities and shareholders equity | $72.9M | $88.1M | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 20.0M shares | 20.0M shares | |
| Common stock, shares issued | 8.9M shares | 8.8M shares | |
| Common stock, shares outstanding | 8.9M shares | 8.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$37.6M | -$9.9M |
| Depreciation and amortization | $3.9M | $4.9M |
| Asset impairment charges | $28.3M | |
| Gain on disposal of property and equipment | -$9.7K | |
| Credit loss expense | $509.2K | $624.4K |
| Inventory obsolescence | $582.0K | $521.8K |
| Share-based compensation | $5.2M | $4.4M |
| Noncash lease expense | $525.4K | $547.3K |
| Share of losses from equity method investments | $952.5K | $90.0K |
| Back-end fee | $780.3K | $358.1K |
| Paid-in-kind interest | $2.2M | $839.0K |
| Accretion of finance liabilities | $148.2K | $210.9K |
| Amortization and write-off of debt issuance costs | $279.9K | $209.5K |
| Change in fair value of earnout liabilities | -$1.9M | |
| Accrued interest income | -$22.0K | |
| Accounts receivable, net | -$114.7K | -$4.5M |
| Accounts receivable related parties | $40.6K | -$32.2K |
| Inventory, net | -$1.8M | $1.4M |
| Prepaid and other assets | $123.5K | -$515.5K |
| Accounts payable | $814.0K | -$424.3K |
| Accounts payable related parties | -$5.9K | -$46.9K |
| Accrued royalties and expenses | $292.2K | $574.2K |
| Accrued bonuses and commissions | $2.1M | $3.1M |
| Operating lease liabilities | -$526.9K | -$502.9K |
| Net cash provided by (used in) operating activities | $6.8M | -$23.8K |
| Purchases of property and equipment | -$4.6M | -$205.8K |
| Proceeds from disposal of property and equipment | $60.0K | |
| Purchases of intangible assets | -$23.5K | -$23.5K |
| Investment in equity securities | -$8.3M | -$5.3M |
| Convertible loan receivable | -$1.1M | |
| CarePICS Acquisition | -$2.1M | |
| Net cash used in investing activities | -$15.0M | -$6.6M |
| Loan proceeds, net of debt issuance costs of $228,183 in 2025 and $1,160,740 in 2024 | $12.0M | $29.3M |
| Pay off line of credit | -$9.8M | |
| Pay off debt assumed in CarePICS Acquisition | -$1.6M | |
| Equity offering net expenses | -$75.0K | |
| Net settlement of equity-based awards | -$547.0K | -$125.2K |
| Cash payment of finance and earnout liabilities | -$937.0K | -$2.0M |
| Net cash provided by financing activities | $8.9M | $17.4M |
| Net increase in cash | $700.6K | $10.7M |
| Interest | $3.4M | $1.6M |
| Taxes | $48.8K | $40.6K |
| Non-monetary exchange to acquire intangible assets | $2.1M | |
| Conversion of note receivable into equity method investment | $1.1M | |
| Earnout liability generated by CarePICS Acquisition | $1.4M | |
| Right of use assets obtained in exchange for lease obligations | $1.2M | |
| Net of debt issuance costs | $228.2K | $1.2M |
No quarter-by-quarter statement was filed.
Corporate structure
Sanara MedTech Inc. sits at the top of its group. 12 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Sanara MedTech Inc.
- TALL PINES CAPITAL, LLC Filed SCHEDULE 13G/A on Sanara MedTech Inc., latest Jul 31, 2026 (2 filings since Oct 8, 2024)
- BAIRD TRUST Co Filed SCHEDULE 13G/A on Sanara MedTech Inc., latest Apr 14, 2026 (2 filings since Feb 6, 2026)
- Sanara MedTech Inc. Fort Worth, Texas
- CarePICS, LLC Subsidiary · Delaware, United States
- Cellerate, LLC Subsidiary · Texas, United States
- Pixalere Healthcare USA, LLC Subsidiary · Delaware, United States
- Precision Healing, LLC Subsidiary · Delaware, United States
- Rochal Technologies, LLC Subsidiary · Texas, United States
- Sanara CMP, LLC Subsidiary · Texas, United States
- Sanara Collagen Peptides, LLC Subsidiary · Delaware, United States
- Sanara MedTech Applied Technologies, LLC Subsidiary · Texas, United States
- Scendia Biologics, LLC Subsidiary · Delaware, United States
- Tissue Health Plus, LLC Subsidiary · Delaware, United States
- Wound Care Innovations, LLCTT Subsidiary · Nevada, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Sanara MedTech Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $1.1M5 Dec 31, 2025 | $1.0M5 Dec 31, 2024 | +8.5% |
| Accumulated depreciation | $672.9K5 Dec 31, 2025 | $608.6K5 Dec 31, 2024 | +10.6% |
| Property and equipment, net | $457.0K5 Dec 31, 2025 | $432.3K5 Dec 31, 2024 | +5.7% |
| Operating-lease assets (leased space) | $2.1M5 Dec 31, 2025 | $1.4M5 Dec 31, 2024 | +43.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $16.6M5 Dec 31, 2025 | $15.9M5 Dec 31, 2024 | +4.4% |
| Stakes in other companies (equity method) | $13.6M5 Dec 31, 2025 | $5.2M5 Dec 31, 2024 | +161.4% |
| Long-term investments | $14.6M5 Dec 31, 2025 | $6.2M5 Dec 31, 2024 | +135.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $3.6M5 Dec 31, 2025 | $3.6M5 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $18.6M5 Dec 31, 2025 | $23.5M5 Dec 31, 2024 | −20.6% |
| Finite-lived intangibles, net | $18.6M5 Dec 31, 2025 | $41.0M10 Dec 31, 2024 | −54.5% |
Inventory
Properties, in its own words
We do not own any buildings or other real property. As of December 31, 2025, our leased office space in Fort Worth, Texas consisted of approximately 15,291 square feet of rentable space located in Summit Office Park, a twin-building, mid-rise, 242,000 square foot office park located on the perimeter of the Fort Worth central business district. In March 2025, we amended our primary office lease to obtain additional space, as well as to extend the lease term. The lease had a remaining lease term of 63 months as of December 31, 2025.
As of December 31, 2025, our leased office space in San Antonio, Texas consisted of approximately 7,289 square feet of rentable space located in a 14,500 square foot office park in an industrial district in San Antonio, Texas. In August 2025, we renewed the lease for an additional three-year term. This lease had a remaining lease term of 32 months as of December 31, 2025.
The rest of Item 2
We periodically enter into operating lease contracts for office space and equipment. Arrangements are evaluated at inception to determine whether such arrangements constitute a lease. In accordance with the transition guidance of Accounting Standards Codification Topic No. 842, such arrangements are included in our balance sheet.
See Note 8 to the consolidated financial statements for additional information on our operating leases.
Item 2 of the 10-K filed Mar 24, 2026.4
Leadership
Who has led Sanara MedTech Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerSuresh Muppalla V. Apr 15, 2025 to Sep 16, 202513
- Chief executive officerSeth D. Yon Sep 16, 2025 to now14
- Chief executive officerRonald T. Nixon Jun 14, 2024 to Feb 27, 202515
- Chief executive officerZachary B. Fleming Jan 4, 2022 to Mar 11, 202416
- Chief executive officerJ. Michael Carmena Feb 26, 2018 to Feb 26, 201817
- PresidentChristopher A. Morrison Feb 17, 2021 to Mar 10, 202218
- PresidentRebecca E. McMahon Aug 26, 2021 to Mar 21, 202319
- PresidentShawn M. Bowman Jan 14, 2020 to Mar 10, 202220
- PresidentZachary B. Fleming Jan 14, 2020 to Dec 27, 202121
- PresidentDeborah Jenkins Hutchinson May 26, 2010 to Mar 31, 201722
- Chief financial officerElizabeth B. Taylor Jan 21, 2025 to now23
- Chief financial officerJ. Michael Carmena Feb 26, 2018 to Feb 26, 201817
- Chief financial officerDarren Stine Jun 6, 2014 to Jun 6, 201424
- Chief operating officerJacob A. Waldrop Apr 16, 2024 to now25
Board members and other officers (23)
- Pres. & Ch. Commercial OfficerSeth D. Yon Apr 15, 2025 to now26
- ControllerAshley M. Mackey Sep 4, 2025 to now27
- Pres. - Strategic PartnershipsShawn M. Bowman Jun 21, 2022 to Sep 26, 202228
- Principal Executive OfficerJ. Michael Carmena Jan 23, 2020 to Dec 23, 202129
- Board memberSeth D. Yon Feb 27, 2026 to now30
- Board memberKeith G. Myers Oct 15, 2024 to now31
- Board memberEric D. Major Jun 5, 2023 to now32
- Board memberEric D. Tanzberger Jan 4, 2022 to now33
- Board memberRoszell Mack Iii. Jan 4, 2022 to now34
- Board memberAnn Beal Salamone Jan 14, 2020 to now35
- Board memberKenneth E. Thorpe Jan 14, 2020 to Jul 8, 202236
- Board memberJ. Michael Carmena Jan 23, 2020 to Dec 23, 202129
- Board memberRobert Andrew Desutter Oct 21, 2020 to now37
- Board memberSara N. Ortwein Dec 28, 2020 to now38
- Board memberRonald T. Nixon Mar 22, 2019 to now39
- Board memberJohn Christopher Siedhoff Apr 5, 2017 to Apr 5, 201740
- Board memberS. Oden Howell Jr. Jun 23, 2015 to Feb 26, 202041
- Board memberJames W. Stuckert Sep 29, 2015 to Jun 14, 202442
- Board memberRobert E. Gross Apr 11, 2013 to Apr 11, 201343
- Board memberThomas J. Kirchhofer Apr 11, 2013 to Apr 11, 201344
- Board memberDeborah Jenkins Hutchinson Apr 12, 2013 to Feb 14, 201445
- Board memberPhilip J. Rubinfeld Apr 12, 2013 to Apr 3, 201746
- Board memberAraldo A. Cossutta Apr 1, 2008 to Jun 3, 201347
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Chief Financial OfficerMichael D. McNeil named Jun 2, 2022 to Aug 11, 202348
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- CarePICS, LLC Delaware3
- Cellerate, LLC Texas3
- Pixalere Healthcare USA, LLC Delaware3
- Precision Healing, LLC Delaware3
- Rochal Technologies, LLC Texas3
- Sanara CMP, LLC Texas3
- Sanara Collagen Peptides, LLC Delaware3
- Sanara MedTech Applied Technologies, LLC Texas3
- Scendia Biologics, LLC Delaware3
- Tissue Health Plus, LLC Delaware3
- Wound Care Innovations, LLCTT Nevada3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Oct 1, 20268-K Shareholder vote; Other events49
- Aug 11, 20268-K Entered a material agreement; Regulation FD disclosure50
- Aug 11, 20268-K Results of operations51
- Jul 29, 20268-K Entered a material agreement; Regulation FD disclosure52
- Jun 9, 20268-K Shareholder vote53
- Jun 4, 20268-K Ended a material agreement54
- May 11, 20268-K Results of operations55
- Mar 24, 20268-K Results of operations56
- Mar 2, 20268-K Regulation FD disclosure57
- Jan 23, 20268-K Results of operations58
- Nov 26, 20258-K Regulation FD disclosure59
- Nov 12, 20258-K Results of operations60
- Sep 16, 2025New chief executive Seth D. Yon becomes CEO14
- Apr 15, 2025New chief executive Suresh Muppalla V. becomes CEO13
- Jun 14, 2024New chief executive Ronald T. Nixon becomes CEO15
- Jan 4, 2022New chief executive Zachary B. Fleming becomes CEO16
- Feb 26, 2018New chief executive J. Michael Carmena becomes CEO17
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.09 a share, on Nov 12, 2025.61
When it reported results
- Aug 11, 2026Reported quarterly or annual results51
- May 11, 2026Reported quarterly or annual results55
- Mar 24, 2026Reported quarterly or annual results56
- Jan 23, 2026Reported quarterly or annual results58
- Nov 12, 2025Reported quarterly or annual results60
- Nov 12, 2025Reported quarterly or annual results62
- Aug 13, 2025Reported quarterly or annual results63
- May 14, 2025Reported quarterly or annual results64
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
261 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 71 major events, 126 insider forms, 4 large holders, 3 private raises, 37 other. The latest 20:
- Oct 1, 20268-K CURRENT REPORT EDGAR
- Sep 16, 20264 EDGAR
- Sep 4, 2026DEFM14A PROXY STATEMENT EDGAR
- Aug 20, 2026425 EDGAR
- Aug 11, 202610-Q EDGAR
- Aug 11, 2026425 EDGAR
- Aug 11, 20268-K EDGAR
- Aug 11, 2026425 EDGAR
- Aug 11, 20268-K/A EDGAR
- Jul 31, 2026SCHEDULE 13G/A EDGAR
- Jul 30, 2026425 EDGAR
- Jul 30, 2026425 EDGAR
- Jul 30, 2026425 EDGAR
- Jul 30, 2026425 EDGAR
- Jul 30, 2026425 EDGAR
- Jul 30, 2026425 EDGAR
- Jul 30, 2026425 EDGAR
- Jul 29, 2026425 8-K EDGAR
- Jul 29, 20268-K EDGAR
- Jun 9, 20268-K EDGAR
The 261 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
13 open-market trades by officers, directors and large owners since October 2021: 0 buys and 13 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 8, 2022 | Fleming Zachary B.Chief Executive Officer | Sale | 417 | $33.00 | $13.8K | Form 4 |
| Nov 4, 2022 | Fleming Zachary B.Chief Executive Officer | Sale | 563 | $33.00 | $18.6K | Form 4 |
| Nov 2, 2022 | Fleming Zachary B.Chief Executive Officer | Sale | 20 | $33.02 | $660 | Form 4 |
| Sep 22, 2022 | Bowman Shawn M. | Sale | 1,000 | $27.89 | $27.9K | Form 4 |
| Jul 6, 2022 | Fleming Zachary B.Chief Executive Officer | Sale | 1,415 | $22.53 | $31.9K | Form 4 |
| Jul 5, 2022 | Fleming Zachary B.Chief Executive Officer | Sale | 265 | $21.45 | $5.7K | Form 4 |
| Jun 29, 2022 | Fleming Zachary B.Chief Executive Officer | Sale | 294 | $21.00 | $6.2K | Form 4 |
| Jun 28, 2022 | Fleming Zachary B.Chief Executive Officer | Sale | 69 | $21.00 | $1.4K | Form 4 |
| Jun 24, 2022 | Fleming Zachary B.Chief Executive Officer | Sale | 457 | $21.00 | $9.6K | Form 4 |
| Jun 17, 2022 | Bowman Shawn M. | Sale | 1,000 | $20.02 | $20.0K | Form 4 |
| Oct 26, 2021 | Fleming Zachary B.Chief Executive Officer | Sale | 1,000 | $34.04 | $34.0K | Form 4 |
| Oct 20, 2021 | Bowman Shawn M. | Sale | 1,000 | $34.19 | $34.2K | Form 4 |
| Oct 5, 2021 | Fleming Zachary B.Chief Executive Officer | Sale | 1,000 | $33.10 | $33.1K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- TALL PINES CAPITAL, LLCSCHEDULE 13G/A, 2 filings Oct 8, 2024 to Jul 31, 202665
- BAIRD TRUST CoSCHEDULE 13G/A, 2 filings Feb 6, 2026 to Apr 14, 202666
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Seth D. Yon | 51 | $478.9K | $2.3M67 |
| 2025 | Jacob A. Waldrop | 44 | $315.0K | $867.8K67 |
| 2025 | Suresh V. Muppalla | $612.8K | $715.8K67 | |
| 2025 | Elizabeth B. Taylor | 50 | $240.5K | $637.1K67 |
| 2025 | Ronald T. Nixon | 70 | $248.0K | $585.5K67 |
| 2024 | Former ChiefExecutive Officer | $116.7K | $855.8K67 | |
| 2024 | Chief Operating Officer | $224.3K | $518.2K67 |
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $33.5M
- PPP loans $583.0K
Figures by year
| Year | Private raises (Form D) | PPP loans | Total |
|---|---|---|---|
| 2023 | $3.0M | – | $3.0M |
| 2022 | $30.5M | – | $30.5M |
| 2020 | – | $583.0K | $583.0K |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
- Aug 1, 2023Raised $3 million in a private offering of equity48 Form D: 1 investor so far Form D
- Jul 1, 2022Raised $16 million in a private offering of equity68 Form D: 1 investor so far Form D
- Apr 4, 2022Raised $14.5 million in a private offering of equity69 Form D: 46 investors so far Form D
PPP loans
Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA70. Matched to this company by name and state.
- Apr 6, 2020$583.0K PPP loan (first draw) from Cadence Bank70To SANARA MEDTECH INC., Fort Worth TX; $586.2K forgiven Nov 12, 2020
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 74. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Sanara MedTech Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSanara MedTech Inc.1
- CIK0000714256
- Employer ID (EIN)59-22199944
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company4
- Incorporated inTexas4
- Fiscal year endsDecember 311
- Industry code (SIC)3842 Orthopedic, Prosthetic & Surgical Appliances & Supplies1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address1200 Summit Ave, Suite 414, Fort Worth, TX 761021
- Phone817-529-23001
- Shares outstanding9,188,035 as of Aug 7, 202612
- Public float$147.5M as of Jun 30, 20254
- AuditorWeaver and Tidwell, L.L.P., Austin, Texas PCAOB ID 410; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceMay 2, 19961
- Filings732 in all: 4 (180), 8-K (180), 10-Q (56), 10QSB (36), 3 (31), NT 10-Q (23), 10-K (20), 425 (18)1
All 47 form types
8-K/A (18), NT 10-K (17), UPLOAD (16), CORRESP (15), 10KSB (11), DEFA14A (10), SC 13D/A (10), DEF 14A (9), 10KSB/A (6), 10-K/A (5), 10QSB/A (5), D (5), DEF 14C (5), PRE 14C (5), 4/A (4), ARS (4), SC 13D (4), 10-Q/A (3), 3/A (3), 424B5 (3), 5 (3), S-8 (3), SC 13G (3), EFFECT (2), PRE 14A (2), S-3 (2), SC 13G/A (2), SCHEDULE 13G/A (2), 8-A12B (1), CERT (1), DEFM14A (1), NTN 10Q (1), PREM14C (1), PRER14A (1), RW (1), S-1 (1), S-1/A (1), S-8 POS (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Mar 24, 2026
Quarterly report (10-Q) Aug 11, 2026
Proxy statement (DEF 14A) Apr 17, 2026
Latest 8-K (8-K) Oct 1, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.001 par value | SMTI | Nasdaq |
From the cover page of the 10-K filed Mar 24, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Sanara MedTech Inc. names in Item 1A of its 10-K filed Mar 24, 2026: 2 risks under these headings, as written.4
- We have had a history of losses, which may continue as we expand our selling efforts.
- We rely on our research and development partners to design, manufacture and supply certain products we have licensed for marketing. If we or one of our partners fails to perform adequately, fulfill our needs, or comply with regulations, we may be required to incur significant costs or even be subject to enforcement actions. We also may face significant delays in our product introductions and commercialization.
Legal proceedings
From time to time, we may be involved in claims and legal actions that arise in the ordinary course of business. To our knowledge, there are no material pending legal proceedings to which we are a party or of which any of our property is the subject.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
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- 14SEC EDGARSeth D. Yon, Chief executive officer
- 15
- 16
- 17
- 18SEC EDGARChristopher A. Morrison, President
- 19SEC EDGARRebecca E. McMahon, President
- 20SEC EDGARShawn M. Bowman, President
- 21SEC EDGARZachary B. Fleming, President
- 22
- 23
- 24
- 25
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- 27SEC EDGARAshley M. Mackey, Controller
- 28
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- 30SEC EDGARSeth D. Yon, Board member
- 31SEC EDGARKeith G. Myers, Board member
- 32SEC EDGAREric D. Major, Board member
- 33SEC EDGAREric D. Tanzberger, Board member
- 34SEC EDGARRoszell Mack Iii., Board member
- 35SEC EDGARAnn Beal Salamone, Board member
- 36SEC EDGARKenneth E. Thorpe, Board member
- 37SEC EDGARRobert Andrew Desutter, Board member
- 38SEC EDGARSara N. Ortwein, Board member
- 39SEC EDGARRonald T. Nixon, Board member
- 40
- 41SEC EDGARS. Oden Howell Jr., Board member
- 42SEC EDGARJames W. Stuckert, Board member
- 43SEC EDGARRobert E. Gross, Board member
- 44SEC EDGARThomas J. Kirchhofer, Board member
- 45
- 46SEC EDGARPhilip J. Rubinfeld, Board member
- 47SEC EDGARAraldo A. Cossutta, Board member
- 48
- 49SEC EDGARShareholder vote; Other events
- 50
- 51SEC EDGARResults of operations
- 52
- 53SEC EDGARShareholder vote
- 54SEC EDGAREnded a material agreement
- 55SEC EDGARResults of operations
- 56SEC EDGARResults of operations
- 57SEC EDGARRegulation FD disclosure
- 58SEC EDGARResults of operations
- 59SEC EDGARRegulation FD disclosure
- 60SEC EDGARResults of operations
- 61NasdaqNasdaq calendar
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