Company: MLSS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022276
Chunk: 4

Company: MILESTONE SCIENTIFIC INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
---

    stock issued for payment of consulting services 
     299,198  
    $299  
    $244,401  
     -  
     -  
     244,700 
  
    Common
    stock issued to board of directors for services 
     182,543  
    $183  
    $(183) 
     -  
     -  
     - 
  
    Net loss 
     -  
    $-  
     -  
    $(1,461,171) 
    $-   
     (1,461,171)
  
    Net
    income (loss) 

    $(1,461,171) 
     -   
     (1,461,171)

    Balance
    September 30, 2024 
     77,709,455  
    $77,710  
    $134,072,861  
    $(126,017,571) 
    $(911,516) 
    $7,221,484 
  
    Balance 
     77,709,455  
    $77,710  
    $134,072,861  
    $(126,017,571) 
    $(911,516) 
    $7,221,484 

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

 7 

MILESTONE
                                            SCIENTIFIC AND SUBSIDIARIES

CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS

FOR
NINE MONTHS ENDED

(UNAUDITED)

    September
    30, 2025  
    September
    30, 2024 
  
    Cash
    flows from operating activities: 

    Net
    loss 
    $(4,631,655) 
    $(2,678,062)
  
    Adjustments
    to reconcile net loss to net cash used in operating activities: 

    Depreciation
    expense 
     6,675  
     5,355 
  
    Amortization
    of intangibles 
     52,365  
     23,380 
  
    Stock
    based compensation 
     853,548  
     1,005,273 
  
    Employees
    paid in stock