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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,246,387 $ 3,258,058
Prepaid expenses and other current assets 750,333 564,645
Inventories 4,159,496 3,713,215
Advances on contracts 943,740 1,275,260
Total current assets 8,624,926 9,286,554
Furniture, fixtures and equipment, net 12,240 12,921
Intangibles, net 130,949 148,404
Right of use assets finance lease 63,784 67,201
Right of use assets operating lease 231,967 257,842
Other assets 24,150 24,150
Total assets 9,088,016 9,797,072
Current liabilities:    
Accrued expenses and other payables 1,315,937 1,796,319
Accrued expenses, related party 311,741 304,293
Current portion of finance lease liabilities 17,086 12,530
Current portion of operating lease liabilities 119,680 116,279
Total current liabilities 4,443,633 3,744,127
Non-current portion of finance lease liabilities 47,838 54,672
Non-current portion of operating lease liabilities 134,093 165,573
Total liabilities 4,625,564 3,964,372
Commitments and contingencies
Stockholders’ equity    
Common stock, par value $0.001; authorized 100,000,000 shares; 78,230,382 shares issued and 78,197,049 shares outstanding as of March 31, 2025; 78,047,798 shares issued and 78,014,465 shares outstanding as of December 31, 2024; 78,230 78,048
Additional paid in capital 135,343,430 134,719,274
Accumulated deficit (130,047,692) (128,053,106)
Treasury stock, at cost, 33,333 shares (911,516) (911,516)
Total Milestone Scientific, Inc. stockholders' equity 4,462,452 5,832,700
Total liabilities and stockholders’ equity 9,088,016 9,797,072
Nonrelated Party [Member]    
Current assets:    
Accounts receivable, net of allowance for credit losses of $10,000, respectively 518,547 475,376
Current liabilities:    
Accounts payable 1,918,301 1,021,393
Related Party [Member]    
Current assets:    
Accounts receivable, related party net 6,423 0
Current liabilities:    
Accounts payable $ 760,888 $ 493,313