2023 Q4 Form 10-Q Financial Statement

#000149315223040475 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q4
Revenue $17.69M $16.02M $15.32M
YoY Change 15.5% 22.85% 117.76%
Cost Of Revenue $1.788M $1.751M $2.369M
YoY Change -24.52% -21.41% 202.66%
Gross Profit $15.90M $14.27M $12.95M
YoY Change 22.82% 31.97% 107.13%
Gross Profit Margin 89.89% 89.07% 84.53%
Selling, General & Admin $16.34M $13.88M $14.11M
YoY Change 15.78% 15.05% 54.02%
% of Gross Profit 102.73% 97.23% 108.98%
Research & Development $651.5K $986.5K $1.034M
YoY Change -36.99% -7.06% 243.71%
% of Gross Profit 4.1% 6.91% 7.99%
Depreciation & Amortization $1.095M $116.6K $814.3K
YoY Change 34.47% 9.64% 305.11%
% of Gross Profit 6.89% 0.82% 6.29%
Operating Expenses $16.13M $15.18M $15.96M
YoY Change 1.06% 8.91% 65.15%
Operating Profit -$226.0K -$906.7K -$3.012M
YoY Change -92.5% -70.96% -11.75%
Interest Expense -$36.45K $188.3K $0.00
YoY Change 71.66% -100.0%
% of Operating Profit
Other Income/Expense, Net -$188.3K -$111.6K
YoY Change 71.66%
Pretax Income -$262.4K -$1.095M -$4.163M
YoY Change -93.7% -66.12% 17.06%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$237.2K -$1.060M -$4.107M
YoY Change -94.22% -30.66% 15.75%
Net Earnings / Revenue -1.34% -6.62% -26.82%
Basic Earnings Per Share -$0.13
Diluted Earnings Per Share -$0.03 -$0.13 -$0.51
COMMON SHARES
Basic Shares Outstanding 8.538M shares 8.522M shares 8.304M shares
Diluted Shares Outstanding 8.332M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.147M $6.240M $8.959M
YoY Change -42.55% -39.33% -51.97%
Cash & Equivalents $5.147M $6.236M $8.959M
Short-Term Investments
Other Short-Term Assets $608.4K $620.0K $1.105M
YoY Change -44.92% -38.89% 20.42%
Inventory $4.718M $5.021M $3.549M
Prepaid Expenses
Receivables $8.533M $7.500M $6.806M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.01M $19.38M $20.62M
YoY Change -7.81% -5.82% -16.22%
LONG-TERM ASSETS
Property, Plant & Equipment $1.258M $1.327M $1.416M
YoY Change -11.19% -9.76% -13.09%
Goodwill $3.602M $3.602M $3.602M
YoY Change 0.0% 9.89%
Intangibles $44.93M $45.99M $31.51M
YoY Change 42.58% 42.75% 566.46%
Long-Term Investments $3.084M $3.080M $3.084M
YoY Change 0.0% -0.14% -38.53%
Other Assets
YoY Change
Total Long-Term Assets $54.87M $56.10M $40.42M
YoY Change 35.74% 37.15% 242.88%
TOTAL ASSETS
Total Short-Term Assets $19.01M $19.38M $20.62M
Total Long-Term Assets $54.87M $56.10M $40.42M
Total Assets $73.87M $75.47M $61.04M
YoY Change 21.03% 22.77% 67.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.002M $2.000M $1.393M
YoY Change 43.74% 123.74% 217.86%
Accrued Expenses $10.09M $9.990M $10.22M
YoY Change -1.28% 20.61% 88.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $580.4K $232.1K
YoY Change
Total Short-Term Liabilities $13.77M $13.23M $12.81M
YoY Change 7.51% 43.68% 112.65%
LONG-TERM LIABILITIES
Long-Term Debt $9.113M $9.458M $0.00
YoY Change
Other Long-Term Liabilities $2.723M $4.872M $6.004M
YoY Change -54.65% -30.95%
Total Long-Term Liabilities $15.52M $18.15M $6.509M
YoY Change 138.36% 138.08% 2830.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.77M $13.23M $12.81M
Total Long-Term Liabilities $15.52M $18.15M $6.509M
Total Liabilities $29.28M $31.38M $19.32M
YoY Change 51.61% 86.44% 209.32%
SHAREHOLDERS EQUITY
Retained Earnings -$28.04M -$27.80M -$23.39M
YoY Change 19.84% 45.43% 53.56%
Common Stock $72.87M $72.12M $65.22M
YoY Change 11.72% 11.68% 42.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $44.83M $44.32M $41.83M
YoY Change
Total Liabilities & Shareholders Equity $73.87M $75.47M $61.04M
YoY Change 21.03% 22.77% 67.7%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q4
OPERATING ACTIVITIES
Net Income -$237.2K -$1.060M -$4.107M
YoY Change -94.22% -30.66% 15.75%
Depreciation, Depletion And Amortization $1.095M $116.6K $814.3K
YoY Change 34.47% 9.64% 305.11%
Cash From Operating Activities -$845.6K $1.060M -$645.0K
YoY Change 31.09% -164.51% -63.85%
INVESTING ACTIVITIES
Capital Expenditures $55.25K $170.0K $53.37K
YoY Change 3.52% -88.2% -137.66%
Acquisitions $10.00M
YoY Change
Other Investing Activities -$2.100K -$9.940M -$323.6K
YoY Change -99.35% 353.6% -76.03%
Cash From Investing Activities -$57.35K -$10.11M -$376.9K
YoY Change -84.79% 1247.26% -74.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -188.9K 9.230M -304.4K
YoY Change -37.95% -31.21%
NET CHANGE
Cash From Operating Activities -845.6K 1.060M -645.0K
Cash From Investing Activities -57.35K -10.11M -376.9K
Cash From Financing Activities -188.9K 9.230M -304.4K
Net Change In Cash -1.092M 180.0K -1.326M
YoY Change -17.69% -107.52% -64.33%
FREE CASH FLOW
Cash From Operating Activities -$845.6K $1.060M -$645.0K
Capital Expenditures $55.25K $170.0K $53.37K
Free Cash Flow -$900.8K $890.0K -$698.4K
YoY Change 28.98% -128.86% -57.48%

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us-gaap Stock Issued1
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us-gaap Nature Of Operations
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<p id="xdx_80B_eus-gaap--NatureOfOperations_zyaadI1BNCab" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – <span id="xdx_827_zlIJoqkodaNj">NATURE OF BUSINESS AND BACKGROUND</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sanara MedTech Inc. (together with its wholly owned and majority-owned subsidiaries on a consolidated basis, the “Company”) is a medical technology company focused on developing and commercializing transformative technologies to improve clinical outcomes and reduce healthcare expenditures in the surgical, chronic wound and skincare markets. Each of the Company’s products, services and technologies contributes to the Company’s overall goal of achieving better clinical outcomes at a lower overall cost for patients regardless of where they receive care. The Company strives to be one of the most innovative and comprehensive providers of effective surgical, wound and skincare solutions and is continually seeking to expand its offerings for patients requiring treatments across the entire continuum of care in the United States.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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<p id="xdx_843_eus-gaap--UseOfEstimates_zDNVvKoQcSug" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_869_z7EqOmzcncB9">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported revenue and expenses during the reporting period. However, actual results could differ from those estimates and there may be changes to the Company’s estimates in future periods.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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CY2023Q3 SMTI Earnout Payment
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CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
708534 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2247482 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1256097 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
974018 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3896070 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3896070 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3878815 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3764962 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3731721 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
25849810 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
45991466 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-379633 usd
CY2023Q3 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
3084278 usd
CY2022Q4 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
3084278 usd
CY2023Q3 us-gaap Investments
Investments
3084278 usd
CY2022Q4 us-gaap Investments
Investments
3084278 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-379633 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-379633 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2094188 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2168499 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
295268 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
210317 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
264291 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
210897 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
116285 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
505017 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
532053 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
379529 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
297947 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
295689 usd
CY2023Q3 SMTI Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
604049 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2730569 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
562070 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2168499 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
322206 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1846293 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0759 pure
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
9750000 usd
CY2023Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
2055 usd
CY2022Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
0 usd
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
59603 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
9690397 usd
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
232143 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9458254 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
580357 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1625000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1950000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1950000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
3644643 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
9750000 usd
CY2023Q3 us-gaap Accumulated Amortization Of Noncurrent Deferred Finance Costs
AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts
59603 usd
CY2022Q4 us-gaap Accumulated Amortization Of Noncurrent Deferred Finance Costs
AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts
0 usd
CY2023Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2055 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2055 usd
CY2022Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 usd
us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
50250 usd
SMTI Annual Royalty Obligation
AnnualRoyaltyObligation
4020 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
144191 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
10.71
CY2022Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
4424 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
7.32
CY2022Q2 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2031-04-22
CY2022Q3 us-gaap Business Combination Contingent Consideration Asset
BusinessCombinationContingentConsiderationAsset
10000000.0 usd
CY2022Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
486145 shares
CY2023Q3 us-gaap Cash
Cash
693000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
144191 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
10.71
CY2022Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
4424 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
7.32
CY2022Q2 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2031-04-22
CY2022Q3 us-gaap Business Combination Contingent Consideration Asset
BusinessCombinationContingentConsiderationAsset
10000000.0 usd
CY2022Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
486145 shares
CY2023Q3 SMTI Earnout Payment
EarnoutPayment
693000 usd
us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
107797 shares
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
4287777 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
857526 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
683202 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2582163 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1971537 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
3980624 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
181102 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
22.89
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
118912 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
39.14
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
129342 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
22.84
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
11115 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
32.96
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
159557 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
34.27
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
146191 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.65
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
50318 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.58
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
95873 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.16
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y1M6D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
95873 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10.16
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y1M6D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
16725 shares
CY2022Q4 SMTI Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
10.80
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
16725 shares
CY2023Q3 SMTI Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
10.80
SMTI Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Equity Instruments Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm2
P7Y
CY2023Q3 SMTI Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber
16725 shares
CY2023Q3 SMTI Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableWeightedAverageExercisePrice
10.80
SMTI Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Equity Instruments Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsEquityInstrumentsExercisableWeightedAverageRemainingContractualTerm1
P7Y
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
1 pure
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1702890 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5844796 usd

Files In Submission

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smti-20230930_cal.xml Edgar Link unprocessable
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0001493152-23-040475-index.html Edgar Link pending
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0001493152-23-040475-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
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report.css Edgar Link pending
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smti-20230930.xsd Edgar Link pending
smti-20230930_def.xml Edgar Link unprocessable
smti-20230930_lab.xml Edgar Link unprocessable
smti-20230930_pre.xml Edgar Link unprocessable