Company: MLSS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026919
Chunk: 1

Company: MILESTONE SCIENTIFIC INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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  Payments finance lease obligations                                                                      ( 5,695                             ( 5,018  
  Net cash provided by financing activities                                        $                      794,305      $                      238,889  
  Net (decrease) increase in cash and cash equivalents                                                ( 1,983,744                           2,774,393  
  Cash and cash equivalents at beginning of period                                                      3,258,058                           2,977,713  
  Cash and cash equivalents at end of period                                       $                    1,274,314      $                    5,752,106  

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

8

MILESTONE SCIENTIFIC, INC.

NOTES TO CONDENSEDCONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 1 - ORGANIZATION AND BUSINESS

All references in this report to “ Milestone Scientific,” “us,” “our,” “we,” the “ Company” or “ Milestone” refer to Milestone Scientific Inc., and its consolidated subsidiaries, Wand Dental, Inc., and Milestone Innovations Inc. and Milestone Education LLC (all described below), unless the context otherwise indicates. Milestone Scientific is the owner of the following registered U. S. trademarks: C ompuDent®; CompuMed®; CompuFlo®; DPS Dynamic Pressure Sensing technology®; Milestone Scientific®; the Milestone logo®; SafetyWand®; STA Single Tooth Anesthesia System®; and The Wand®.

Milestone Scientific was incorporated in the State of Delaware in August 1989. Milestone Scientific has developed a proprietary, computer-controlled anesthetic delivery device, using The Wand®, a single use disposable handpiece. The device is marketed in dentistry under the trademarksCompuDent®and STA Single Tooth Anesthesia System®, and in medicine under the trademark CompuMed®. CompuDent® is suitable for all dental procedures that require local anesthetic. CompuMed® is suitable for many medical procedures regularly performed in plastic surgery, hair restoration surgery, podiatry, colorectal surgery, dermatology, orthopedics, and many other disciplines. The dental devices are sold in the United States, Canada and in49other countries. Certain medical devices have obtained CE mark approval and can be marketed and sold in most European countries. InJune 2017, Milestone Scientific received510(k) marketing clearance from the U. S. Food and Drug Administration