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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Product sales, net $ 2,513,805 $ 2,059,284 $ 6,616,414 $ 7,566,848
Cost of products sold 677,585 555,850 1,692,888 2,284,730
Gross profit 1,836,220 1,503,434 4,923,526 5,282,118
Selling, general and administrative expenses 3,064,769 2,823,765 8,968,226 9,834,781
Research and development expenses 232,056 170,478 641,235 524,472
Depreciation and amortization expense 8,574 15,896 28,735 49,798
Total operating expenses 3,305,399 3,010,139 9,638,196 10,409,051
Loss from operations (1,469,179) (1,506,705) (4,714,670) (5,126,933)
Interest income 8,008 30,600 53,513 102,669
Gain on sale of net operating losses 0 0 1,983,095 0
Loss before provision for income taxes (1,461,171) (1,476,105) (2,678,062) (5,024,264)
Net loss (1,461,171) (1,476,105) (2,678,062) (5,024,264)
Net loss attributable to noncontrolling interests 0 (9,811) 0 (33,987)
Net loss attributable to Milestone Scientific Inc. $ (1,461,171) $ (1,466,294) $ (2,678,062) $ (4,990,277)
Net loss per share applicable to common stockholders—        
Basic and Diluted (in dollars per share) $ (0.02) $ (0.02) $ (0.03) $ (0.07)
Weighted average shares outstanding and to be issued—        
Basic and diluted (in shares) 79,966,833 73,730,921 80,165,181 72,374,693