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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 4,005,477 $ 2,977,713
Marketable securities 1,000,000 2,976,573
Accounts receivable, net of allowance for credit losses of $10,000, respectively 661,838 312,664
Prepaid expenses and other current assets 863,589 517,785
Inventories 2,860,029 2,638,186
Advances on contracts 1,421,120 1,371,548
Total current assets 10,812,053 10,794,469
Furniture, fixtures and equipment, net 8,023 10,024
Intangibles, net 168,956 178,636
Right of use assets finance lease 6,835 8,998
Right of use assets operating lease 330,769 355,235
Other assets 24,150 24,150
Total assets 11,350,786 11,371,512
Current liabilities:    
Accrued expenses and other payables 1,241,403 1,511,717
Accrued expenses, related party 170,720 137,189
Accrued Liabilities noncontrolling interest 214,000 214,000
Current portion of finance lease liabilities 8,219 10,264
Current portion of operating lease liabilities 107,355 103,427
Total current liabilities 3,636,603 3,076,713
Non-current portion of finance lease liabilities 0 434
Non-current portion of operating lease liabilities 253,774 281,853
Total liabilities 3,890,377 3,359,000
Commitments
Stockholders’ equity    
Common stock, par value $0.001; authorized 100,000,000 shares; 76,632,279 shares issued and 76,598,946 shares outstanding as of March 31, 2024 shares; 75,881,840 shares issued and 75,848,507 shares outstanding as of December 31, 2023; 76,632 75,881
Additional paid in capital 133,075,331 132,187,656
Accumulated deficit (124,780,038) (123,339,509)
Treasury stock, at cost, 33,333 shares (911,516) (911,516)
Total Milestone Scientific, Inc. stockholders' equity 7,460,409 8,012,512
Total liabilities and stockholders’ equity 11,350,786 11,371,512
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 1,105,589 689,604
Related Party [Member]    
Current liabilities:    
Accounts payable $ 789,317 $ 410,512