v3.19.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,711,249 $ 743,429
Accounts receivable, net 1,239,261 1,978,456
Accounts receivable, related party, net 100,000
Prepaid expenses and other current assets 504,903 414,541
Deferred cost, related party 50,000
Inventories, net 1,617,062 1,921,051
Advances on contracts 628,494 648,783
Operating lease-right of use assets 54,818
Total current assets 5,755,787 5,856,260
Furniture, fixtures and equipment, net 55,314 82,557
Patents, net 395,514 435,273
Other assets 35,905 26,878
Total assets 6,242,520 6,400,968
Current liabilities:    
Accounts payable 739,726 1,059,186
Accounts payable, related party 1,553,860 1,810,058
Accrued expenses and other payables 698,790 794,918
Accrued expenses, related party 1,011,244 686,798
Operating lease liabilities 54,817
Deferred profit, related party 372,700 421,800
Deferred revenue, related party 100,000
Derivative liability 3,216,127
Total current liabilities 7,647,264 4,872,760
Total liabilities 7,647,264 4,872,760
Commitments and contingencies
Stockholders’ equity (deficit)    
Series A convertible preferred stock, par value $.001, authorized 5,000,000 shares, 0 and 7,000 shares issued and outstanding as of September 30, 2019 and December 31, 2018. 7
Common stock, par value $.001; authorized 50,000,000 shares; 48,199,073 shares issued, 0 shares to be issued and 48,165,740 shares outstanding as of September 30, 2019 ; 33,859,034 shares issued, 2,470,565 shares to be issued and 33,825,701 shares outstanding as of December 31, 2018; 48,199 36,330
Additional paid in capital 90,166,259 88,414,718
Accumulated deficit (90,660,941) (85,999,929)
Treasury stock, at cost, 33,333 shares (911,516) (911,516)
Total Milestone Scientific Inc. stockholders' equity (1,357,999) 1,539,610
Noncontrolling interest (46,745) (11,402)
Total stockholders’ equity (deficit) (1,404,744) 1,528,208
Total liabilities and stockholders’ equity (deficit) $ 6,242,520 $ 6,400,968

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