Company: MLSS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022276
Chunk: 18

Company: MILESTONE SCIENTIFIC INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
     2.10  
     4.76  
     - 

The
Company used the following assumptions to calculate the fair value of the stock option grants using the Black-Scholes option pricing
model on the measurement date during the nine month period ended September 30, 2025 risk free interest rate of
1.75%, Volatility of 86.6%
(which is based on the Company’s historical volatility over the expected term), expected term of 5 years, 0% dividend rate and
closing price of the stock of $0.45-$0.50.

     14 

A
summary of option activity for non-employees under the plans and changes during the nine months ended September 30, 2025 is presented
below:

 SCHEDULE
OF STOCK OPTION ACTIVITY

    Number of Options  
    Weighted Averaged Exercise Price $  
    Weighted Average Remaining Contractual Life (Years)  
    Aggregate Intrinsic Options Value $ 
  
    Options outstanding at January 1, 2025 
     99,996  
     1.74  
     2.12  
     5,750 
  
    Granted during 2025 
     16,666  
     0.94  
     4.69  

    Exercised during 2025 
     -  
     -  

    Forfeited or expired during 2025 
     (24,999) 
     1.70  

    Options outstanding September 30, 2025 
     91,663  
     1.60  
     2.42  
     0 
  
    Exercisable, September 30, 2025 
     72,214  
     1.79  
     1.97  
     0 

The
fair value of the non-employee options was estimated on the date of grant using the Black Scholes option-pricing model at the date of
grant. For the three and nine months ended September 30, 2025, Milestone Scientific recognized approximately $1,300 and $9,300 expenses
related to non-employee options, respectively.  For the three and nine months ended September 30, 2024, Milestone
Scientific recognized approximately $7,000 and $9,200, respectively