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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,701,453 $ 8,715,279
Marketable securities 1,981,180 0
Accounts receivable, net 789,584 693,717
Prepaid expenses and other current assets 551,990 443,872
Inventories 2,193,063 1,792,335
Advances on contracts 1,282,806 1,325,301
Total current assets 10,500,076 12,970,504
Furniture, fixtures and equipment, net 11,867 18,146
Intangibles, net 201,529 227,956
Right of use assets finance lease 13,319 17,645
Right of use assets operating lease 400,511 443,685
Other assets 24,150 24,150
Total assets 11,151,452 13,702,086
Current liabilities:    
Accrued expenses and other payables 1,422,506 1,124,839
Accrued expenses, related party 278,339 167,549
Current portion of finance lease liabilities 9,805 9,365
Current portion of operating lease liabilities 97,429 91,701
Total current liabilities 3,109,356 3,299,675
Non-current portion of finance lease liabilities 5,683 10,698
Non-current portion of operating lease liabilities 334,750 385,279
Total liabilities 3,449,789 3,695,652
Commitments
Stockholders’ equity    
Common stock, par value $.001;authorized 100,000,000 shares; 70,107,739 shares issued and 70,074,406 shares outstanding as of June 30, 2023; 69,306,497 shares issued and 69,273,164 shares outstanding as of December 31, 2022; 70,108 69,306
Additional paid in capital 128,720,911 127,478,325
Accumulated deficit (119,934,388) (116,410,405)
Treasury stock, at cost, 33,333 shares (911,516) (911,516)
Total Milestone Scientific, Inc. stockholders' equity 7,945,115 10,225,710
Noncontrolling interest (243,452) (219,276)
Total stockholders’ equity 7,701,663 10,006,434
Total liabilities and stockholders’ equity 11,151,452 13,702,086
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 674,587 1,102,729
Related Party [Member]    
Current liabilities:    
Accounts payable $ 626,690 $ 803,492