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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,277,953 $ 8,715,279
Marketable securities 4,430,384 0
Accounts receivable, net 912,399 693,717
Prepaid expenses and other current assets 767,430 443,872
Inventories 2,038,298 1,792,335
Advances on contracts 1,154,826 1,325,301
Total current assets 11,581,290 12,970,504
Furniture, fixtures and equipment, net 15,333 18,146
Intangibles, net 214,742 227,956
Right of use assets finance lease 15,483 17,645
Right of use assets operating lease 422,355 443,685
Other assets 24,150 24,150
Total assets 12,273,353 13,702,086
Current liabilities:    
Accrued expenses and other payables 1,032,532 1,124,839
Accrued expenses, related party 240,830 167,549
Current portion of finance lease liabilities 9,582 9,365
Current portion of operating lease liabilities 94,532 91,701
Total current liabilities 2,652,955 3,299,675
Non-current portion of finance lease liabilities 8,219 10,698
Non-current portion of operating lease liabilities 360,304 385,279
Total liabilities 3,021,478 3,695,652
Commitments
Stockholders’ equity    
Common stock, par value $.001; authorized 100,000,000 shares; 69,805,700 shares issued and 69,772,367 shares outstanding as of March 31, 2023; shares; 69,306,497 shares issued and 69,273,164 shares outstanding as of December 31, 2022; 69,806 69,306
Additional paid in capital 128,042,597 127,478,325
Accumulated deficit (117,718,071) (116,410,405)
Treasury stock, at cost, 33,333 shares (911,516) (911,516)
Total Milestone Scientific, Inc. stockholders' equity 9,482,816 10,225,710
Noncontrolling interest (230,941) (219,276)
Total stockholders’ equity 9,251,875 10,006,434
Total liabilities and stockholders’ equity 12,273,353 13,702,086
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 823,907 1,102,729
Related Party [Member]    
Current liabilities:    
Accounts payable $ 451,572 $ 803,492