Company: MLSS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022276
Chunk: 5

Company: MILESTONE SCIENTIFIC INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
 293,551  
     264,953 
  
    Expense
    paid in stock 
     201,251  
     372,901 
  
    Bad Debt 
     8,525  

    Amortization
    of right-of-use asset 
     76,330  
     72,149 
  
    Changes
    in operating assets and liabilities: 

    Increase
    in accounts receivable 
     (240,073) 
     (238,305)
  
    Increase
    in accounts receivable, related parties 
     (9,612) 
     (3,013)
  
    Increase
    in inventories 
     (413,773) 
     (1,073,450)
  
    (Increase)
    decrease in advances on contracts 
     (139,442) 
     360,242 
  
    Decrease
    (increase) prepaid expenses and other current assets 
     58,071  
     (128,345)
  
    Increase
    in accounts payable 
     991,474  
     448,461 
  
    Increase
    in accounts payable, related party 
     534,047  
     329,504 
  
    Decrease
    in accrued expenses 
     (616,426) 
     (243,999)
  
    Increase
    in accrued expenses, related party 
     358,477  
     144,758 
  
    Decrease
    operating right of use lease asset 
     (73,831) 
     (70,189)
  
    Net
    cash used in operating activities 
    $(2,690,498) 
    $(1,408,387)

    Cash
    flows from investing activities: 

    Purchase
    of furniture, fixtures, and equipment 
     (12,008) 
     (6,596)
  
    Sale
    of marketable securities 
     -  
     2,976,573 
  
    Net
    cash used in provided by investing activities 
    $(12,008) 
    $2,969,977 

    Cash
    flows from financing activities: 

    Net
    proceeds from public placement offering 
     -  
     192,156 
  
    Proceeds
    from issuances of convertible notes, related parties 
     800