Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 3,602,229	$ 4,194,384
Accounts receivable, net of allowance for doubtful accounts of $10,000 as of December31, 2016 and $5,000 as of December 31, 2015	802,384	1,437,401
Account receivable from related party	2,083,610	356,400
Other receivable	10,000	58,140
Inventories	4,602,719	4,258,094
Advances on contracts	700,900	1,215,128
Deferred cost	620,041
Prepaid expenses and other current assets	291,929	304,604
Total current assets	12,713,812	11,824,151
Furniture, fixtures & equipment net of accumulated depreciation of $659,144 as of December 31, 2016 and $566,477 as of December 31, 2015	159,026	235,935
Patents, net of accumulated amortization of $717,086 as of December 31, 2016 and $646,388 as of December 31, 2015	660,457	715,540
Other assets	17,355	17,355
Total assets	13,550,650	12,809,327
Current Liabilities:
Accounts payable	2,576,259	2,088,268
Accrued expenses and other payables	1,436,262	1,555,567
Deferred revenue	1,001,800
Total current liabilities	5,014,321	3,643,835
Commitments and Contingencies
Stockholders’ Equity
Series A convertible preferred stock, par value $.001, authorized 5,000,000 shares, 33,333 shares held in the treasury, and 7,000 shares issued and outstanding as December 31, 2016 and December 31, 2015	7	7
Common stock, par value $.001; authorized 50,000,000 shares; 30,457,224 shares issued, 1,270,481 shares to be issued and 30,423,891 shares outstanding as of December 31, 2016; 21,720,497 shares issued, 963,451 shares to be issued and 21,687,164 shares outstanding as of December 31, 2015	31,720	22,685
Additional paid-in capital	82,761,503	78,632,383
Accumulated deficit	(73,381,491)	(67,434,984)
Treasury stock, at cost, 33,333 shares	(911,516)	(911,516)
Total Milestone Scientific Inc. stockholders' equity	8,500,223	10,308,575
Noncontrolling interest	36,106	(1,143,083)
Total Equity	8,536,329	9,165,492
Total liabilities and stockholders’ equity	13,550,650	12,809,327
Milestone Education LLC [Member]
Current Assets:
Investment in Milestone Education LLC		16,346
Stockholders’ Equity
Total Equity		$ 16,346

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).

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.