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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Product sales, net $ 2,909,966 $ 1,648,368 $ 5,507,564 $ 4,349,270
Cost of products sold 1,019,907 967,720 1,728,882 1,986,196
Gross profit 1,890,059 680,648 3,778,682 2,363,074
Selling, general and administrative expenses 3,937,281 3,282,322 7,011,012 6,397,948
Research and development expenses 213,647 266,560 353,994 731,027
Depreciation and amortization expense 16,681 16,645 33,902 33,460
Total operating expenses 4,167,609 3,565,527 7,398,908 7,162,435
Loss from operations (2,277,550) (2,884,879) (3,620,226) (4,799,361)
Interest income (expense) 48,722 3,550 72,067 (1,193)
Loss before provision for income taxes (2,228,828) (2,881,329) (3,548,159) (4,800,554)
Net loss (2,228,828) (2,881,329) (3,548,159) (4,800,554)
Net loss attributable to noncontrolling interests (12,511) (22,848) (24,176) (40,350)
Net loss attributable to Milestone Scientific Inc. $ (2,216,317) $ (2,858,481) $ (3,523,983) $ (4,760,204)
Net loss per share applicable to common stockholders—        
Basic and Diluted (in dollars per share) $ (0.03) $ (0.04) $ (0.05) $ (0.07)
Weighted average shares outstanding and to be issued—        
Basic and Diluted (in shares) 72,333,656 70,356,796 72,048,223 70,585,590