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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Product sales, net $ 2,428,498 $ 2,523,750 $ 4,234,103 $ 6,212,738
Cost of products sold 1,021,573 873,586 1,584,250 2,275,871
Gross profit 1,406,925 1,650,164 2,649,853 3,936,867
Selling, general and administrative expenses 2,821,837 3,082,534 5,840,601 5,790,161
Research and development expenses 9,775 120,065 235,592 225,080
Total operating expenses 2,831,612 3,202,599 6,076,193 6,015,241
Loss from operations (1,424,687) (1,552,435) (3,426,340) (2,078,374)
Other expenses (1,756) (1,024) (3,457) (1,763)
Interest income 1,926 2,154 4,590 2,442
Loss before provision for income taxes and equity in net losses of equity investments (1,424,517) (1,551,305) (3,425,207) (2,077,695)
Provision for income taxes (4,075) (4,664) (15,538) (11,865)
Loss before equity in net losses of equity investments (1,428,592) (1,555,969) (3,440,745) (2,089,560)
Earnings (Loss) on earnings from China Joint Venture 78,591 15,460 115,374 (28,941)
Net loss (1,350,001) (1,540,509) (3,325,371) (2,118,501)
Net loss attributable to noncontrolling interests 6,994 61,684 108,657 134,808
Net loss attributable to Milestone Scientific Inc. $ (1,343,007) $ (1,478,825) $ (3,216,714) $ (1,983,693)
Basic (in dollars per share) $ (0.04) $ (0.05) $ (0.09) $ (0.06)
Diluted (in dollars per share) $ (0.04) $ (0.05) $ (0.09) $ (0.06)
Basic (in shares) 35,297,906 32,399,997 34,939,306 32,122,482
Diluted (in shares) 35,297,906 32,399,997 34,939,306 32,122,482