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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,977,713 $ 8,715,279
Marketable securities 2,976,573 0
Accounts receivable (net of allowance for credit losses of $10K at December 31, 2023 and 2022) 312,664 693,717
Prepaid expenses and other current assets 517,785 443,872
Inventories 2,638,186 1,792,335
Advances on contracts 1,371,548 1,325,301
Total current assets 10,794,469 12,970,504
Furniture, fixtures and equipment, net 10,024 18,146
Intangibles, net 178,636 227,956
Right of use assets finance lease 8,998 17,645
Right of use assets operating lease 355,235 443,685
Other assets 24,150 24,150
Total assets 11,371,512 13,702,086
Current liabilities:    
Accrued expenses and other payables 1,511,717 1,124,839
Accrued expenses, related party 137,189 167,549
Accrued liabilities noncontrolling interests 214,000 0
Current portion of finance lease liabilities 10,264 9,365
Current portion of operating lease liabilities 103,427 91,701
Total current liabilities 3,076,713 3,299,675
Non-current portion of finance lease liabilities 434 10,698
Non-current portion of operating lease liabilities 281,853 385,279
Total liabilities 3,359,000 3,695,652
Commitments (see Note P)
Stockholders’ equity    
Common stock, par value $.001; authorized 100,000,000 shares; 75,881,840 shares issued and 75,848,507 shares outstanding as of December 31, 2023 shares; 69,306,497 shares issued and 69,273,164 shares outstanding as of December 31, 2022; 75,881 69,306
Additional paid in capital 132,187,656 127,478,325
Accumulated deficit (123,339,509) (116,410,405)
Treasury stock, at cost, 33,333 shares (911,516) (911,516)
Total Milestone Scientific, Inc. stockholders' equity 8,012,512 10,225,710
Noncontrolling interest 0 (219,276)
Total stockholders’ equity 8,012,512 10,006,434
Total liabilities and stockholders’ equity 11,371,512 13,702,086
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 689,604 1,102,729
Related Party [Member]    
Current liabilities:    
Accounts payable $ 410,512 $ 803,492