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Related Party
6 Months Ended
Jun. 30, 2014
Related Party

NOTE – 14 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 $1,397,784 and $1,445,040 from the supplier for the six months ended June 30, 2014 and 2013, respectively. Milestone owed $395,951 and $1,024,653 to this supplier as of June 30, 2014 and December 31, 2013, 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 Education Joint Venture. The loan bore no interest and was paid off in April 2014.