Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 4,390,783	$ 10,367,993
Accounts receivable, net of allowance for doubtful accounts of $5,000 as of September 30, 2015 and December 31, 2014	2,349,347	1,541,478
Due from related party	85,959
Note receivable-Milestone Medical Inc	2,000,000
Inventories	2,804,906	2,497,099
Advances on contracts	1,211,926	721,197
Prepaid expenses and other current assets	428,570	454,566
Total current assets	13,271,491	15,582,333
Furniture, fixtures & equipment net of accumulated depreciation of $437,024 as of September 30, 2015 and $416,210 as of December 31, 2014	115,616	88,818
Patents, net of accumulated amortization of $628,953 as of September 30, 2015 and $576,960 as of December 31, 2014	480,021	530,029
Other assets	17,355	14,685
Total assets	14,064,771	17,477,428
Current Liabilities:
Accounts payable	780,934	1,453,908
Accrued expenses and other payables	1,350,853	981,168
Total current liabilities	$ 2,131,787	$ 2,435,076
Commitments and Contingencies
Stockholders’ Equity
Common stock, par value $.001; authorized 50,000,000 shares; 21,478,248 shares issued, 963,451 shares to be issued and 21,444,915 shares outstanding as of September 30, 2015; 21,404,494 shares issued, 974,953 shares to be issued and 21,371,161 shares outstanding as of December 31, 2014	$ 22,442	$ 22,380
Additional paid-in capital	78,016,152	77,504,415
Accumulated deficit	(66,028,987)	(61,967,462)
Treasury stock, at cost, 33,333 shares	(911,516)	(911,516)
Total stockholders' equity	11,098,098	14,647,824
Noncontrolling interest	834,886	394,528
Total Equity	11,932,984	15,042,352
Total liabilities and stockholders’ equity	14,064,771	17,477,428
Series A Preferred Stock [Member]
Stockholders’ Equity
Series A convertible preferred stock, par value $.001, authorized 5,000,000 shares, 7,000 shares issued and outstanding, respectively	7	7
Milestone Medical Inc. [Member]
Current Assets:
Investment in joint venture	0	888,720
Milestone Education LLC [Member]
Current Assets:
Investment in joint venture	18,700	24,192
Milestone China [Member]
Current Assets:
Investment in joint venture	$ 161,588	$ 348,651

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).