Company: MLSS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022276
Chunk: 27

Company: MILESTONE SCIENTIFIC INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 27
---
 condition, business, and results of operations.

     17 

On
January 3, 2023, the Company launched an E-Commerce platform selling and shipping STA Single Tooth Anesthesia
System® (STA) and handpieces directly to dental offices and dental groups within the U.S. For the three months ended
September 30, 2025, and September 30, 2024, E-Commerce accounted for 43%
and 45%
of net product sales, respectively. For the three months ended September 30, 2025, no
international distributor accounted for 10% of net product sales. For the three months ended September 30, 2024, one
international distributor accounted for 11% of
net product sales. For the nine months ended September 30, 2025, and September 30, 2024, E-Commerce accounted for 48%
and 53%
of net product sales, respectively. For the nine months ended September 30, 2025, no international distributor accounted for
10% of net product sales. For the nine months ended September 30, 2024, E-Commerce
accounted for 53% of net product sales and one international distributor accounted for 10% of net
product sales

The Company
had three distributors that accounted for 28%, 14%, 14% of accounts receivable, respectively, for nine months ended September
30, 2025. The Company had three distributors that accounted for 22%, 13% and 11% of accounts receivable, respectively as of
December 31, 2024. 

As
of September 30, 2025, the Company had three suppliers that accounted for 33%, 24% and 19%, respectively, of accounts payable and
accounts payable, related party. The Company had two suppliers that accounted for 31% and 30%, respectively of accounts
payable and accounts payable, related party as of December 31, 2024.

NOTE
12 -- RELATED PARTY TRANSACTIONS

United
Systems

Milestone
Scientific has a supply agreement with United Systems, the principal supplier of its handpieces, pursuant to which it procures manufactured
products under specific purchase orders, but without minimum purchase commitments. Purchases