Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Going Concern and Liquidity

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Note 2 - Going Concern and Liquidity
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Substantial Doubt about Going Concern [Text Block]
NOTE
2
— GOING CONCERN AND LIQUIDITY
    
In accordance with Accounting Standard Codification (“ASC”)
205
-
40,
“Presentation of Financial Statements – Going Concern”, the Company has evaluated whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern within
one
year after the date that the condensed consolidated financial statements are issued. Milestone Scientific has incurred operating losses and negative cash flows from operating activities in virtually each year since its inception.  Additionally, there has been delayed payments for shipments made to Milestone China in
2017
and
2018.
These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.
   
Milestone Scientific is actively pursuing the generation of positive cash flows from operating activities through an increase in revenue from its dental business worldwide, the generation of revenue from its medical devices and disposables business in the United States and worldwide, and a reduction in operating expenses.  The Company’s continued operations will depend on its ability to raise additional capital through various potential sources until it achieves profitability. Management is actively pursuing financing or other strategic plans but can provide
no
assurances that such financing or other strategic plans will be available on acceptable terms, or at all.
 
These condensed consolidated financial statements have been prepared with the assumption that the Company will continue as a going concern and will be able to realize its assets and discharge its liabilities in the normal course of business and do
not
include any adjustments to reflect the possible future effects on the recover ability and classification of assets or the amounts and classification of liabilities that
may
result from the inability of the Company to continue as a going concern.