Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Income Taxes

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Note 8 - Income Taxes
9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Income Tax Disclosure [Text Block]
NOTE
– 8 INCOME TAXES
 
For the nine months ended September 30, 2016 and 2015, state tax credit $29,300 and li
ability was $40,751, respectively. Due to Milestone Scientific’s history of past operating losses, which required a full valuation allowances for all of Milestone Scientific’s deferred tax assets at September 30, 2016 and 2015, no recognition was given to the utilization of the remaining Federal net operating loss carryforwards.