Company: MLSS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026919
Chunk: 11

Company: MILESTONE SCIENTIFIC INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 expenses on the statement of operations.

As ofJune 30, 2025, there was $528,000of total unrecognized compensation cost related to non-vested options.  Milestone Scientific expects to recognize these costs over a weighted average period of0.75years.

There werenooptions granted to employees during the sixmonths endedJune 30, 2025are presented below:

  Granted during 2025                         -              -               
  Exercised during 2025                       -              -         -     
 ─────────────────────────────────────────────────────────────────────────────
  Options outstanding at January 1, 2025      2,951,989      2.29      4.54  
  Forfeited or expired during 2025            ( 216,296      1.52      -     
  Options outstanding June 30, 2025           2,735,693      2.39      4.38  
  Exercisable, June 30, 2025                  2,335,694      2.38      4.14  

A summary of option activity for non-employees under the plans and changes during the sixmonths endedJune 30, 2025is presented below:

  Exercised during 2025                              -         -            
 ────────────────────────────────────────────────────────────────────────────
  Options outstanding at January 1, 2025        99,996      1.74      2.12  
  Granted during 2025                           16,666      0.94      4.69  
  Forfeited or expired during 2025            ( 24,999      1.70            
  Options outstanding June 30, 2025             91,663      1.60      2.68  
  Exercisable, June 30, 2025                    66,660      1.86      2.06  

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 threeand sixmonths endedJune 30, 2025, Milestone Scientific recognized approximately$1,400and $8,000expenses related to non-employee options, respectively. For the threeand sixmonths endedJune 30, 2024, Milestone Scientific recognized approximately $1,100and$2,200respect