Company: MLSS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022276
Chunk: 38

Company: MILESTONE SCIENTIFIC INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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     -  
     -  
     -  
     - 
  
    Accessories 
     -  
     -  
     -  
     -  
     -  
     - 
  
    Grand Total 
    $310,000  
    $-  
    $310,000  
    $-  
    $-  
    $- 

    Total Product Sales 
    $6,791,353  
    $124,650  
    $6,916,003  
    $6,544,394  
    $72,020  
    $6,616,414 

Current
Product Platform

See
Note 1, “Organization and Business”.

Results
of Operations

The following table sets forth the consolidated results
of operations for the three and nine months ended September 30, 2025 and 2024, respectively. The trends suggested by this table may not
be indicative of future operating results:

    Three Months Ended September 30,
    2025  
    Three Months Ended September 30,
    2024  
    Nine Months Ended  September 30, 2025  
    Nine Months Ended  September 30, 2024 
  
    Operating results: 

    Product sales, net 
    $2,360,117  
    $2,513,805  
    $6,916,003  
    $6,616,414 
  
    Cost of products sold 
     719,247  
    $677,585  
     2,010,092  
     1,692,888 
  
    Gross profit 
     1,640,870  
     1,836,220  
     4,905,911  
     4,923,526 

    Operating expenses: 

    Selling, general and administrative expenses 
     2,739,011  
     3,064,769  
     9,026,691  
     8,968,226 
  
    Research and development expenses 
     16,226  
     232,056  
     437,135  
     641,235 
  
    Depreciation and amortization expense 
     20,104  
     8,574  
     59,040