XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Product sales, net $ 10,304,711 $ 5,437,236
Cost of products sold 3,992,811 1,815,924
Gross profit 6,311,900 3,621,312
Selling, general and administrative expenses 12,738,362 10,670,631
Research and development expenses 878,210 307,850
Depreciation and amortization expense 73,836 95,949
Total operating expenses 13,690,408 11,074,430
Loss from operations (7,378,508) (7,453,118)
Interest expense, net (16,360) (18,081)
Gain on debt extinguishment-PPP 276,180 0
Loss before provision for income taxes and net of equity investments (7,118,688) (7,471,199)
Provision for income taxes (333) (15,500)
Loss before equity investment (7,119,021) (7,486,699)
Deferred profit and divesture-equity investment (See Note F) 242,589 97,887
Net loss (6,876,432) (7,388,812)
Net loss attributable to noncontrolling interests 58,115 51,539
Net loss attributable to Milestone Scientific Inc. $ (6,818,317) $ (7,337,273)
Net loss per share applicable to common stockholders—    
Basic (in dollars per share) $ (0.10) $ (0.12)
Diluted (in dollars per share) $ (0.10) $ (0.12)
Weighted average shares outstanding and to be issued—    
Basic (in shares) 68,829,860 63,061,358
Diluted (in shares) 68,829,860 63,061,358