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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,170,593 $ 8,715,279
Marketable securities 2,450,470 0
Accounts receivable, net 591,012 693,717
Prepaid expenses and other current assets 578,753 443,872
Inventories 2,482,630 1,792,335
Advances on contracts 1,699,153 1,325,301
Total current assets 9,972,611 12,970,504
Furniture, fixtures and equipment, net 9,182 18,146
Intangibles, net 188,314 227,956
Right of use assets finance lease 11,159 17,645
Right of use assets operating lease 378,142 443,685
Other assets 24,150 24,150
Total assets 10,583,558 13,702,086
Current liabilities:    
Accrued expenses and other payables 1,111,742 1,124,839
Accrued expenses, related party 270,836 167,549
Current portion of finance lease liabilities 10,031 9,365
Current portion of operating lease liabilities 100,327 91,701
Total current liabilities 3,278,840 3,299,675
Non-current portion of finance lease liabilities 3,088 10,698
Non-current portion of operating lease liabilities 308,605 385,279
Total liabilities 3,590,533 3,695,652
Commitments
Stockholders’ equity    
Common stock, par value $.001;authorized 100,000,000 shares; 70,893,748 shares issued and 70,860,415 shares outstanding as of September 30, 2023; shares; 69,306,497 shares issued and 69,273,164 shares outstanding as of December 31, 2022 70,894 69,306
Additional paid in capital 129,487,592 127,478,325
Accumulated deficit (121,400,682) (116,410,405)
Treasury stock, at cost, 33,333 shares (911,516) (911,516)
Total Milestone Scientific, Inc. stockholders' equity 7,246,288 10,225,710
Noncontrolling interest (253,263) (219,276)
Total stockholders’ equity 6,993,025 10,006,434
Total liabilities and stockholders’ equity 10,583,558 13,702,086
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 1,149,267 1,102,729
Related Party [Member]    
Current liabilities:    
Accounts payable $ 636,637 $ 803,492