Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Consolidation of Variable Interest Entity

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Note 7 - Consolidation of Variable Interest Entity
3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Variable Interest Entity Disclosure [Text Block]
NOTE 
7
 – CONSOLIDATION OF VARIABLE INTEREST ENTITY
 
Milestone Education is a
50%
owned subsidiary of Milestone Scientific which began operations in
2013
to provide training and education to dentists throughout the world. As of
March 31, 2018,
and
2017,
approximately
72%
and
82%
of the revenue earned by Milestone Education is from services performed for Milestone Scientific, respectively. Because of this dependency and relationship, we determined that we had the power to direct the activities that most significantly impact Milestone Education's economic performance, and therefore Milestone Education is consolidated in our financial statements.