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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Product sales, net $ 2,059,284 $ 2,215,699 $ 7,566,848 $ 6,564,969
Cost of products sold 555,850 762,964 2,284,730 2,749,160
Gross profit 1,503,434 1,452,735 5,282,118 3,815,809
Selling, general and administrative expenses 2,823,765 3,283,378 9,834,781 9,681,326
Research and development expenses 170,478 166,191 524,472 897,218
Depreciation and amortization expense 15,896 16,661 49,798 50,121
Total operating expenses 3,010,139 3,466,230 10,409,051 10,628,665
Loss from operations (1,506,705) (2,013,495) (5,126,933) (6,812,856)
Interest income 30,600 28,012 102,669 26,819
Loss before provision for income taxes (1,476,105) (1,985,483) (5,024,264) (6,786,037)
Provision for income taxes 0 0 0 0
Net loss (1,476,105) (1,985,483) (5,024,264) (6,786,037)
Net loss attributable to noncontrolling interests (9,811) (13,680) (33,987) (54,030)
Net loss attributable to Milestone Scientific Inc. $ (1,466,294) $ (1,971,803) $ (4,990,277) $ (6,732,007)
Net loss per share applicable to common stockholders—        
Basic and Diluted (in dollars per share) $ (0.02) $ (0.03) $ (0.07) $ (0.1)
Weighted average shares outstanding and to be issued—        
Basic and Diluted (in shares) 73,730,921 70,975,420 72,374,693 70,480,706