Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 4,194,384	$ 10,367,993
Accounts receivable	1,793,801	1,541,478
Other receivable	58,140
Inventories	4,258,094	2,497,099
Advances on contracts	1,215,128	721,197
Prepaid expenses and other current assets	304,604	454,566
Total current assets	11,824,151	15,582,333
Furniture, fixtures & equipment net of accumulated depreciation	235,935	88,818
Patents, net of accumulated amortization of $646,388 as of December 31, 2015 and $576,960 as of December 31, 2014	715,540	530,029
Other assets	17,355	14,685
Total assets	12,809,327	17,477,428
Current Liabilities:
Accounts payable	2,088,268	1,453,908
Accrued expenses and other payables	1,555,567	981,168
Total current liabilities	$ 3,643,835	$ 2,435,076
Commitments and Contingencies
Stockholders’ Equity
Common stock, par value $.001; authorized 50,000,000 shares; 21,720,497 shares issued, 963,451 shares to be issued and 21,687,164 shares outstanding as of December 31, 2015; 21,404,494 shares issued, 974,953 shares to be issued and 21,371,161 shares outstanding as of December 31, 2014	$ 22,685	$ 22,380
Additional paid-in capital	78,632,383	77,504,415
Accumulated deficit	(67,434,984)	(61,967,462)
Treasury stock, at cost, 33,333 shares	(911,516)	(911,516)
Total Milestone Scientific Inc. stockholders' equity	10,308,575	14,647,824
Noncontrolling interest	(1,143,083)	394,528
Total Equity	9,165,492	15,042,352
Total liabilities and stockholders’ equity	12,809,327	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		888,720
Stockholders’ Equity
Total Equity	(1,965,230)
Milestone Education LLC [Member]
Current Assets:
Investment in joint venture	16,346	24,192
Milestone China [Member]
Current Assets:
Investment in joint venture	0	$ 348,651
Variable Interest Entities [Member]
Current Assets:
Cash and cash equivalents	1,222
Accounts receivable	45,075
Inventories	885,961
Advances on contracts	43,524
Furniture, fixtures & equipment net of accumulated depreciation	119,007
Current Liabilities:
Accounts payable	461,292
Accrued expenses and other payables	$ 354,361

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).