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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 5,752,106 $ 2,977,713
Marketable securities 0 2,976,573
Accounts receivable, net of allowance for credit losses of $10,000, respectively 386,836 312,664
Prepaid expenses and other current assets 774,603 517,785
Inventories 3,329,101 2,638,186
Advances on contracts 1,250,953 1,371,548
Total current assets 11,493,599 10,794,469
Furniture, fixtures and equipment, net 12,989 10,024
Intangibles, net 162,105 178,636
Right of use assets finance lease 4,673 8,998
Right of use assets operating lease 307,724 355,235
Other assets 24,150 24,150
Total assets 12,005,240 11,371,512
Current liabilities:    
Accrued expenses and other payables 1,070,276 1,511,717
Accrued expenses, related party 208,682 137,189
Accrued Liabilities noncontrolling interest 214,000 214,000
Current portion of finance lease liabilities 5,683 10,264
Current portion of operating lease liabilities 109,706 103,427
Total current liabilities 3,826,313 3,076,713
Non-current portion of finance lease liabilities 0 434
Non-current portion of operating lease liabilities 225,050 281,853
Total liabilities 4,051,363 3,359,000
Commitments and contingencies
Stockholders’ equity    
Common stock, par value $0.001; authorized 100,000,000 shares; 77,227,714 shares issued and 77,194,381 shares outstanding as of June 30, 2024; 75,881,840 shares issued and 75,848,507 shares outstanding as of December 31, 2023; 77,228 75,881
Additional paid in capital 133,344,565 132,187,656
Accumulated deficit (124,556,400) (123,339,509)
Treasury stock, at cost, 33,333 shares (911,516) (911,516)
Total Milestone Scientific, Inc. stockholders' equity 7,953,877 8,012,512
Total liabilities and stockholders’ equity 12,005,240 11,371,512
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 1,403,137 689,604
Related Party [Member]    
Current liabilities:    
Accounts payable $ 814,829 $ 410,512