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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 3,258,058 $ 2,977,713
Marketable securities 0 2,976,573
Accounts receivable, net of allowance for credit losses of $10,000, respectively 475,376 312,664
Prepaid expenses and other current assets 564,645 517,785
Inventories 3,713,215 2,638,186
Advances on contracts 1,275,260 1,371,548
Total current assets 9,286,554 10,794,469
Furniture, fixtures and equipment, net 12,921 10,024
Intangibles, net 148,404 178,636
Right of use assets finance lease 67,201 8,998
Right of use assets operating lease 257,842 355,235
Other assets 24,150 24,150
Total assets 9,797,072 11,371,512
Current liabilities:    
Accrued expenses and other payables 1,796,319 1,511,717
Accrued expenses, related party 304,293 137,189
Accrued liabilities noncontrolling interest 0 214,000
Current portion of finance lease liabilities 12,530 10,264
Current portion of operating lease liabilities 116,279 103,427
Total current liabilities 3,744,127 3,076,713
Non-current portion of finance lease liabilities 54,672 434
Non-current portion of operating lease liabilities 165,573 281,853
Total liabilities 3,964,372 3,359,000
Commitments and contingencies
Stockholders’ equity    
Common stock, par value $0.001; authorized 100,000,000 shares; 78,047,798 shares issued and 78,014,465 shares outstanding as of December 31, 2024; 75,881,840 shares issued and 75,848,507 shares outstanding as of December 31, 2023; 78,048 75,881
Additional paid in capital 134,719,274 132,187,656
Accumulated deficit (128,053,106) (123,339,509)
Treasury stock, at cost, 33,333 shares (911,516) (911,516)
Total Milestone Scientific, Inc. stockholders' equity 5,832,700 8,012,512
Total liabilities and stockholders’ equity 9,797,072 11,371,512
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 1,021,393 689,604
Related Party [Member]    
Current liabilities:    
Accounts payable $ 493,313 $ 410,512