v3.10.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 414,829 $ 2,636,956
Accounts receivable, net 1,014,166 1,535,513
Accounts receivable, related party 1,258,995 1,725,450
Note receivable from financing transaction, current 500,000
Prepaid expenses and other current assets 446,264 436,410
Deferred cost, related party 790,190 1,109,671
Inventories, net 2,245,958 3,379,209
Advances on contracts 884,823 697,192
Total current assets 7,055,225 12,020,401
Furniture, fixtures & equipment, net 94,590 141,760
Patents, net 448,528 2,789,748
Note receivable from financing transaction, noncurrent 650,000
Other assets 26,878 26,878
Total assets 7,625,221 15,628,787
Current Liabilities:    
Accounts payable 1,306,523 977,623
Accounts payable, related party 1,453,030 985,678
Accrued expenses and other payables 2,003,094 21,792,687
Accrued expenses, related party 64,748 108,640
Deferred profit, related party 492,884 751,500
Deferred revenue, related party 1,258,995 1,725,450
Total current liabilities 6,579,274 6,728,159
Deferred gain from financing transaction 1,400,000
Total liabilities 6,579,274 8,128,159
Commitments and Contingencies
Stockholders’ Equity    
Series A convertible preferred stock, par value $.001, authorized 5,000,000 shares, and 7,000 shares issued and outstanding 7 7
Common stock, par value $.001; authorized 50,000,000 shares; 33,748,226 shares issued,1,909,175 shares to be issued and 33,714,893 shares outstanding as of September 30, 2018; 33,191,571 shares issued, 1,401,247 shares to be issued and 33,158,238 shares outstanding as of December 31, 2017; 35,655 34,593
Additional Paid in Capital 87,971,298 86,689,084
Accumulated deficit (86,179,797) (78,568,284)
Treasury stock, at cost, 33,333 shares (911,516) (911,516)
Total Milestone Scientific Inc. stockholders' equity 915,647 7,243,884
Noncontrolling interest 130,300 256,744
Total stockholders’ equity 1,045,947 7,500,628
Total liabilities and stockholders’ equity $ 7,625,221 $ 15,628,787

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