Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.2.0.727
Condensed Consolidated Statements Of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Product sales, net $ 1,766,759 $ 2,506,932 $ 4,536,963 $ 5,127,766
Cost of products sold 570,729 912,406 1,503,877 1,795,403
Gross profit 1,196,030 1,594,526 3,033,086 3,332,363
Selling, general and administrative expenses 2,590,897 1,517,854 4,488,978 2,910,724
Research and development expenses 18,820 29,165 28,938 44,885
Total operating expenses 2,609,717 1,547,019 4,517,916 2,955,609
(Loss) income from operations (1,413,687) 47,507 (1,484,830) 376,754
Other income (expenses)        
Interest income (expense) (1,130) 635 80 161
Total other expenses, net (691,343) (216,964) (1,047,834) (351,377)
(Loss) income before provision for income taxes (2,105,030) (169,457) (2,532,664) 25,377
Provision for Income Tax (13,646)   (13,646)  
(Loss) income (2,118,676) (169,457) (2,546,310) 25,377
Net loss attributable to the noncontrolling interests 45,727   53,987  
Net (loss) income attributable to Milestone Scientific Inc $ (2,072,949) $ (169,457) $ (2,492,323) $ 25,377
Net (loss) income per share applicable to common stockholders-        
Basic $ (0.09) $ (0.01) $ (0.11) $ 0.00
Diluted $ (0.09) $ (0.01) $ (0.11) $ 0.00
Weighted average shares outstanding and to be issued-        
Basic 22,405,897 20,246,281 22,390,332 19,196,919
Diluted 25,114,399 20,246,281 25,132,192 22,206,942
Milestone Medical Inc. [Member]        
Other income (expenses)        
Loss on Earnings from joint venture $ (525,938) $ (213,193) $ (976,099) $ (343,716)
Milestone Education LLC [Member]        
Other income (expenses)        
Loss on Earnings from joint venture (3,621) $ (4,406) (7,836) $ (7,822)
Milestone China [Member]        
Other income (expenses)        
Loss on Earnings from joint venture $ (160,654)   $ (63,979)