← Sanara MedTech Inc.

	FY 2016	FY 2017	FY 2018	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent	($416k)	$331k	($601k)	($2.8m)	($4.4m)	($8.0m)	($7.9m)	($4.3m)	($9.7m)	($37.6m)
Net Income (Loss) Available to Common Stockholders, Basic	($677k)	$192k	($732k)	—	—	($7.9m)	—	—	—	—
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	—	—	—	—	—	—	($8.1m)	($4.4m)	($9.9m)	($37.6m)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	—	—	—	($2.8m)	($4.4m)	—	—	—	—	($393k)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	—	—	—	—	—	—	—	—	—	($37.2m)
Net Income (Loss) Attributable to Noncontrolling Interest	—	—	—	($22k)	($89k)	($72k)	($155k)	($137k)	($247k)	($5k)
Depreciation, Depletion and Amortization	$61k	$81k	$84k	$120k	$291k	$597k	$2.4m	$3.7m	$4.9m	$3.9m
Depreciation	$61k	$81k	$84k	$30k	$68k	$221k	$408k	$456k	$1.0m	$176k
Amortization	—	$65k	$65k	—	—	—	—	—	—	—
Amortization of Debt Issuance Costs	—	—	—	—	—	—	—	$5k	$209k	$280k
Amortization of Intangible Assets	—	—	—	$90k	$224k	$376k	$2.0m	$3.2m	$3.9m	$2.5m
Deferred Income Tax Expense (Benefit)	—	—	—	$0	$0	—	($5.8m)	—	$41k	$49k
Share-based Payment Arrangement, Noncash Expense	—	—	—	$0	$1.4m	$2.7m	$2.7m	$3.4m	$4.4m	$5.2m
Share-based Payment Arrangement, Expense	—	—	—	—	—	$2.7m	—	—	$329k	—
Equity Method Investment, Other than Temporary Impairment	—	—	—	—	—	—	—	—	—	$0
Equity Method Investment, Realized Gain (Loss) on Disposal	—	—	—	—	—	—	($1.0m)	$251k	—	$1.1m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	—	—	—	($16k)	($3k)	($41)	$3k	—	—	$10k
Gain (Loss) on Disposition of Property Plant Equipment	—	—	—	$16k	$3k	$41	($3k)	—	—	$11k
Gain (Loss) on Extinguishment of Debt	$0	$287k	$0	$0	$586k	—	—	—	—	—
Income (Loss) from Equity Method Investments	—	$0	($10k)	—	—	($617k)	($380k)	—	($90k)	($952k)
Income Tax Expense (Benefit)	$0	$0	$0	$0	$0	—	($5.8m)	—	($48k)	$49k
Operating Lease, Expense	—	—	—	—	—	$202k	$297k	$434k	$555k	$549k
Other Nonoperating Income (Expense)	($144k)	$211k	($99k)	($96k)	$589k	($618k)	($1.7m)	($225k)	($3.2m)	($7.7m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable	($503k)	($64k)	$609k	$324k	$961k	$695k	$2.3m	$1.8m	$4.5m	$115k
Increase (Decrease) in Inventories	($91k)	($420k)	$263k	—	—	$1.2m	$517k	$1.5m	($1.4m)	$1.8m
Increase (Decrease) in Accounts Payable	$16k	$27k	($171k)	($65k)	($66k)	$167k	($302k)	$531k	($424k)	$814k
Accretion Expense	—	—	—	—	—	—	$285k	—	—	—
General and Administrative Expense	$3.9m	$5.3m	$5.7m	$13.1m	$18.7m	$28.1m	—	—	—	$16.7m
Goodwill	—	—	—	—	—	—	$3.6m	$3.6m	$3.6m	$3.6m
Inventory Write-down	$153k	$57k	$0	$120k	$318k	$252k	$540k	$407k	$522k	$582k
Investment Income, Interest	$21	$125	($22k)	—	—	—	—	—	—	—
Operating Expenses	$4.8m	$5.4m	$5.8m	$13.3m	$19.0m	$29.2m	$51.7m	$61.4m	$85.2m	$88.3m
Derivative, Gain (Loss) on Derivative, Net	$266	$44	$0	—	—	—	—	—	—	—
Net Cash Provided by (Used in) Operating Activities	$409k	($140k)	$277k	($2.2m)	($4.0m)	($4.8m)	($5.6m)	($3.2m)	($24k)	$6.8m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment	$3k	$44k	$8k	$183k	$544k	$172k	$147k	$265k	$206k	$4.6m
Net Cash Provided by (Used in) Investing Activities	($3k)	($86k)	($8k)	($1.2m)	($2.7m)	($5.3m)	($3.5m)	($10.2m)	($6.6m)	($15.0m)
Cash flows from financing activities:
Proceeds from (Payments for) Other Financing Activities	—	—	—	—	—	($443k)	($407k)	($136k)	($125k)	($547k)
Net Cash Provided by (Used in) Financing Activities	$245k	($145k)	$0	$9.8m	$622k	$28.3m	($627k)	$9.6m	$17.4m	$8.9m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	—	—	—	—	—	$18.2m	($9.7m)	($3.8m)	$10.7m	$701k
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities	$50k	$11k	$0	$44k	$0	$711	$206	$284k	$1.6m	$3.4m
Income Taxes Paid, Net	—	—	—	$0	$0	—	—	—	—	$49k