Company: MLSS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022276
Chunk: 6

Company: MILESTONE SCIENTIFIC INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
,000  
     - 
  
    Net
    Proceeds exercise of warrants 
     -  
     51,751 
  
    Payments
    finance lease obligations 
     (10,251) 
     (7,613)
  
    Net
    cash provided by financing activities 
    $789,749  
    $236,294 

    Net
    (decrease) increase in cash and cash equivalents 
     (1,912,757) 
     1,797,884 
  
    Cash
    and cash equivalents at beginning of period 
     3,258,058  
     2,977,713 
  
    Cash
    and cash equivalents at end of period 
    $1,345,301  
    $4,775,597 

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

 8 

MILESTONE
SCIENTIFIC, INC.

NOTES
TO CONDENSED CONSOLIDATED 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: CompuDent®; 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 trademarks CompuDent® and STA Single Tooth Anesthesia System®, and in medicine under the trademark CompuMed®.
CompuDent® is suitable for all dental procedures that require a local anesthetic. CompuMed® is suitable for many
medical procedures regularly performed in plastic surgery, hair restoration surgery, podiatry, colorectal surgery