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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 765,975 $ 1,516,272
Accounts receivable, net 1,289,538 1,710,665
Prepaid expenses and other current assets 707,011 519,063
Inventories, net 1,722,825 1,620,509
Advances on contracts 775,833 710,662
Total current assets 5,261,182 6,093,148
Furniture, fixtures and equipment, net 29,961 44,976
Patents, net 369,007 382,260
Right of use asset 649,425 15,924
Other assets 24,150 35,905
Total assets 6,374,601 6,556,289
Current liabilities:    
Accounts payable 1,443,742 1,379,425
Accounts payable, related party 1,389,319 1,358,752
Accrued expenses and other payables 832,329 775,055
Accrued expenses, related party 1,162,607 1,057,957
Lease liabilities, current 65,034 15,924
Deferred profit, related party 340,476 340,476
Total current liabilities 5,240,233 4,927,642
Lease liability, non-current 612,018
Total liabilities 5,886,772 4,927,642
Commitments and contingencies
Stockholders’ equity    
Common stock, par value $.001; authorized 75,000,000 shares; 49,893,534 shares issued and 49,376,843 shares outstanding as of March 31, 2020; 49,410,176 shares issued and 49,376,843 shares outstanding as of December 31, 2019; 49,893 49,410
Additional paid in capital 96,553,976 96,082,324
Accumulated deficit (95,124,512) (93,524,297)
Treasury stock, at cost, 33,333 shares (911,516) (911,516)
Total Milestone Scientific Inc. stockholders' equity 567,841 1,695,921
Noncontrolling interest (80,012) (67,274)
Total stockholders’ equity 487,829 1,628,647
Total liabilities and stockholders’ equity $ 6,374,601 $ 6,556,289