Company: MLSS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022276
Chunk: 72

Company: MILESTONE SCIENTIFIC INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 72
---
 2024 

    Dental  
    Medical  
    Corporate  
    Total 
  
    Total Assets 
    $5,359,734  
    $444,513  
    $3,992,825  
    $9,797,072 

     5,359,734  
     444,513  
     3,992,825  
     9,797,072 

NOTE
11– CONCENTRATIONS

Milestone
Scientific has informal arrangements with third-party U.S. manufacturers of the STA devices, and epidural instruments pursuant to which
they manufacture these products under specific purchase orders which contains advance payments for long lead items for production.
Advances on contracts have been classified as current at September 30, 2025 and December 31, 2024. The termination of the manufacturing
relationship with any of these manufacturers could have a material adverse effect on Milestone Scientific’s ability to produce
and sell its products. Although alternate sources of supply exist, and new manufacturing relationships could be established, Milestone
Scientific would need to recover its existing tools or have new tools produced. Establishing new manufacturing relationships could involve
significant expense and delay. Any curtailment or interruption of the supply, because of termination of such a relationship, would have
a material adverse effect on Milestone Scientific’s financial 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