Note 8 - Segment and Geographic Data

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 8 — SEGMENT AND GEOGRAPHIC DATA

We conduct our business through two reportable segments: Dental and Medical. These segments offer different products and services to different customer bases. The Company provides general corporate services to its segments; however, these services are not considered when making operating decisions and assessing segment performance. These services are reported under “Corporate Services” below and these include costs associated with executive management, investor relations, patents, trademarks, licensing agreements, new instruments developments, financing activities and public company compliance.

The following tables present information about our reportable and operating segments:

	For the Three Months ended March 31,
Net Sales:	2023			2022
Dental	$	2,591,398		$	2,693,352
Medical		6,200			7,550
Total net sales	$	2,597,598		$	2,700,902
Operating Income (Loss):	2023			2022
Dental	$	641,940		$	354,240
Medical		(821,933	)		(1,236,091	)
Corporate		(1,162,683	)		(1,032,632	)
Total operating loss	$	(1,342,676	)	$	(1,914,483	)
Depreciation and Amortization:	2023			2022
Dental	$	1,168		$	893
Medical		968			1,019
Corporate		15,084			14,902
Total depreciation and amortization	$	17,220		$	16,814
Income (loss) before taxes and equity in earnings of affiliates:	2023			2022
Dental	$	641,169		$	352,797
Medical		(823,768	)		(1,237,540	)
Corporate		(1,136,732	)		(1,034,482	)
Total loss before taxes and equity in earnings of affiliate	$	(1,319,331	)	$	(1,919,225	)
Total Assets	March 31, 2023			December 31, 2022
Dental	$	4,051,796		$	3,875,978
Medical		691,720			620,373
Corporate		7,529,837			9,205,735
Total assets	$	12,273,353		$	13,702,086

The following table shows a breakdown of Milestone Scientific’s product sales (net), domestically and internationally, by business segment product category: 

	Three Months Ended March 31, 2023						Three Months Ended March 31, 2022
Domestic: US	Dental		Medical		Grand Total		Dental		Medical		Grand Total
Instruments	$		$	1,000	$	225,274	$	122,968	$	-	$	122,968
Handpieces		1,139,778		1,200		1,140,978		795,859		7,550		803,409
Accessories		23,071		-		23,071		24,860		-		24,860
Grand Total	$	1,387,123	$	2,200	$	1,389,323	$	943,687	$	7,550	$	951,237
International: Rest of World
Instruments	$	398,955	$	-	$	398,955	$	453,560	$	-	$	453,560
Handpieces		789,116		4,000		793,116		923,952		-		923,952
Accessories		16,204		-		16,204		12,189				12,189
Grand Total	$	1,204,275	$	4,000	$	1,208,275	$	1,389,701	$	-	$	1,389,701
International: China
Instruments	$	-	$	-	$	-	$	-	$	-	$	-
Handpieces		-		-		-		359,964		-		359,964
Accessories		-		-		-		-		-		-
Grand Total	$	-	$	-	$	-	$	359,964	$	-	$	359,964
Total Product Sales	$	2,591,398	$	6,200	$	2,597,598	$	2,693,352	$	7,550	$	2,700,902