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Related Party
6 Months Ended
Jun. 30, 2013
Related Party

NOTE – 10 RELATED PARTY

A shareholder of Milestone is also a shareholder of a major supplier of handpieces to Milestone. In addition, he is an investor in the PRC entity, Beijing 3H, which entered into a Medical Joint Venture agreement with Milestone.

Milestone purchased $1,445,040 and $845,628 from the supplier for the six months ended June 30, 2013 and 2012, respectively. Milestone owed $698,591 and $808,908 to this supplier as of June 30, 2013 and December 31, 2012, respectively.

In the first quarter of 2013, the CEO of Milestone loaned the Company $50,000 for use in capitalizing a fifty percent equity portion in the joint venture with Milestone Education LLC. This balance is included in the accrued expenses on the condensed balance sheets. There were no interest to this agreement. $15,000 of the loan has been paid to the CEO and the remaining balance will be paid by December 31, 2013.