Company: MLSS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022276
Chunk: 63

Company: MILESTONE SCIENTIFIC INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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 of 0.50 years.

A summary of option activity for employees under the plans and changes during the nine months ended September 30, 2025 is presented below:

 SCHEDULE
OF STOCK OPTION ACTIVITY

    Number of Options  
    Weighted Averaged Exercise Price $  
    Weighted Average Remaining Contractual Life (Years)  
    Aggregate Intrinsic Options
                                                                                Value $ 
  
    Options outstanding at January 1, 2025 
     2,951,989  
     2.29  
     4.54  
     - 
  
    Granted during 2025 
     4,000,000  
     0.48  
     9.85  
     - 
  
    Exercised during 2025 
     -  
     -  
     -  
     - 
  
    Forfeited or expired during 2025 
     (216,296) 
     1.52  
     -  
     - 
  
    Options outstanding September 30, 2025 
     6,735,693  
     1.25  
     7.53  
     - 
  
    Exercisable, September 30, 2025 
     2,735,694  
     2.10  
     4.76  
     - 

The
Company used the following assumptions to calculate the fair value of the stock option grants using the Black-Scholes option pricing
model on the measurement date during the nine month period ended September 30, 2025 risk free interest rate of
1.75%, Volatility of 86.6%
(which is based on the Company’s historical volatility over the expected term), expected term of 5 years, 0% dividend rate and
closing price of the stock of $0.45-$0.50.

     14 

A
summary of option activity for non-employees under the plans and changes during the nine months ended September 30, 2025 is presented
below:

 SCHEDULE
OF STOCK OPTION ACTIVITY

    Number of Options  
    Weighted Averaged Exercise Price $  
    Weighted Average Remaining Contractual Life (Years)  
    Aggregate Intrinsic Options Value $ 
  
    Options outstanding at January 1, 2025