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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 4,775,597 $ 2,977,713
Marketable securities 0 2,976,573
Accounts receivable, net of allowance for credit losses of $10,000, respectively 550,969 312,664
Accounts receivable, related party net 3,013 0
Prepaid expenses and other current assets 646,130 517,785
Inventories 3,711,636 2,638,186
Advances on contracts 1,011,306 1,371,548
Total current assets 10,698,651 10,794,469
Furniture, fixtures and equipment, net 11,265 10,024
Intangibles, net 155,255 178,636
Right of use assets finance lease 2,511 8,998
Right of use assets operating lease 283,086 355,235
Other assets 24,150 24,150
Total assets 11,174,918 11,371,512
Current liabilities:    
Accrued expenses and other payables 1,267,718 1,511,717
Accrued expenses, related party 281,947 137,189
Accrued liabilities noncontrolling interest 214,000 214,000
Current portion of finance lease liabilities 3,088 10,264
Current portion of operating lease liabilities 112,955 103,427
Total current liabilities 3,757,785 3,076,713
Non-current portion of finance lease liabilities 0 434
Non-current portion of operating lease liabilities 195,649 281,853
Total liabilities 3,953,434 3,359,000
Commitments and contingencies
Stockholders’ equity    
Common stock, par value $0.001; authorized 100,000,000 shares; 77,709,455 shares issued and 77,676,122 shares outstanding as of September 30, 2024; 75,881,840 shares issued and 75,848,507 shares outstanding as of December 31, 2023; 77,710 75,881
Additional paid in capital 134,072,861 132,187,656
Accumulated deficit (126,017,571) (123,339,509)
Treasury stock, at cost, 33,333 shares (911,516) (911,516)
Total Milestone Scientific, Inc. stockholders' equity 7,221,484 8,012,512
Total liabilities and stockholders’ equity 11,174,918 11,371,512
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 1,138,060 689,604
Related Party [Member]    
Current liabilities:    
Accounts payable $ 740,017 $ 410,512