Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Milestone Education LLC [Member]
Current Assets:
Investment in Milestone Education LLC		$ 16,346
Stockholders’ Equity
Total Equity		16,348
Series A Preferred Stock [Member]
Stockholders’ Equity
Series A convertible preferred stock, par value $.001, authorized 5,000,000 shares, 7,000 shares issued and outstanding, respectively	7	7
Cash and cash equivalents	3,183,727	4,194,384
Accounts receivable, net of allowance for doubtful accounts of $10,000 as of June 30, 2016 and $5,000 as of December 31, 2015	2,583,219	1,793,801
Other receivable	67,115	58,140
Inventories	4,268,768	4,258,094
Advances on contracts	1,215,011	1,215,128
Prepaid expenses and other current assets	375,844	304,604
Total current assets	11,693,684	11,824,151
Furniture, fixtures & equipment net of accumulated depreciation of $635,880 as of June 30, 2016 and $566,477 as of December 31, 2015	201,708	235,935
Patents, net of accumulated amortization of $699,633 as of June 30, 2016 and $646,388 as of December 31, 2015	695,449	715,540
Other assets	11,380	17,355
Total assets	12,602,221	12,809,327
Accounts payable	2,497,719	2,088,268
Accrued expenses and other payables	1,492,920	1,555,567
Total current liabilities	3,990,639	3,643,835
Commitments and Contingencies
Common stock, par value $.001; authorized 50,000,000 shares; 26,293,039 shares issued, 1,115,405 shares to be issued and 27,259,706 shares outstanding as of June 30, 2016;21,720,497 shares issued, 963,451 shares to be issued and 21,687,164 shares outstanding as of December 31, 2015.	28,408	22,685
Additional paid-in capital	79,126,690	78,632,383
Accumulated deficit	(69,813,638)	(67,434,984)
Treasury stock, at cost, 33,333 shares	(911,516)	(911,516)
Total Milestone Scientific Inc. stockholders' equity	8,429,951	10,308,575
Noncontrolling interest	181,631	(1,143,083)
Total Equity	8,611,582	9,165,492
Total liabilities and stockholders’ equity	$ 12,602,221	$ 12,809,327

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).