MILESTONE SCIENTIFIC INC.: 10-Q filed 2016-08-11

Name: MILESTONE SCIENTIFIC INC.: 10-Q filed 2016-08-11
Creator: MILESTONE SCIENTIFIC INC.

What MILESTONE SCIENTIFIC INC. reported in its quarterly report filed 2016-08-11 (fiscal Q2 2016): 35 published measures, 98 facts as tagged in accession 0001437749-16-037178.

This filing

Form: 10-Q (quarterly report)
Filed: 2016-08-11
Fiscal period: fiscal Q2 2016
Accession: 0001437749-16-037178 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All MILESTONE SCIENTIFIC INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2016-06-30	12,602,221	USD
At 2015-12-31	12,809,327	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2016-06-30	8,429,951	USD
At 2015-12-31	10,308,575	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2016-06-30	3,183,727	USD
At 2015-12-31	4,194,384	USD
At 2015-06-30	1,447,326	USD
At 2014-12-31	10,367,993	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	-1,586,839	USD	91
2016-01-01 to 2016-06-30	-2,378,654	USD	182
2015-04-01 to 2015-06-30	-2,072,949	USD	91
2015-01-01 to 2015-06-30	-2,492,323	USD	181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	15,668	USD	182
2015-01-01 to 2015-06-30	42,418	USD	181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2016-06-30	-69,813,638	USD
At 2015-12-31	-67,434,984	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	25,989,857	shares	91
2016-01-01 to 2016-06-30	24,362,441	shares	182
2015-04-01 to 2015-06-30	22,405,897	shares	91
2015-01-01 to 2015-06-30	22,390,332	shares	181

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	25,989,857	shares	91
2016-01-01 to 2016-06-30	24,362,441	shares	182
2015-04-01 to 2015-06-30	25,114,399	shares	91
2015-01-01 to 2015-06-30	25,132,192	shares	181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	-0.06	USD/shares	91
2016-01-01 to 2016-06-30	-0.1	USD/shares	182
2015-04-01 to 2015-06-30	-0.09	USD/shares	91
2015-01-01 to 2015-06-30	-0.11	USD/shares	181

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	-0.06	USD/shares	91
2016-01-01 to 2016-06-30	-0.1	USD/shares	182
2015-04-01 to 2015-06-30	-0.09	USD/shares	91
2015-01-01 to 2015-06-30	-0.11	USD/shares	181

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	16,791	USD	91
2016-01-01 to 2016-06-30	63,624	USD	182
2015-04-01 to 2015-06-30	13,646	USD	91
2015-01-01 to 2015-06-30	13,646	USD	181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2016-06-30	201,708	USD
At 2015-12-31	235,935	USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	-2,018,424	USD	91
2016-01-01 to 2016-06-30	-3,066,683	USD	182
2015-04-01 to 2015-06-30	-1,413,687	USD	91
2015-01-01 to 2015-06-30	-1,484,830	USD	181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2016-06-30	11,693,684	USD
At 2015-12-31	11,824,151	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2016-06-30	2,497,719	USD
At 2015-12-31	2,088,268	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2016-06-30	695,449	USD
At 2015-12-31	715,540	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2016-06-30	2,583,219	USD
At 2015-12-31	1,793,801	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	3,600,333	USD	91
2016-01-01 to 2016-06-30	6,744,889	USD	182
2015-04-01 to 2015-06-30	2,609,717	USD	91
2015-01-01 to 2015-06-30	4,517,916	USD	181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2016-06-30	4,268,768	USD
At 2015-12-31	4,258,094	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	1,581,909	USD	91
2016-01-01 to 2016-06-30	3,678,206	USD	182
2015-04-01 to 2015-06-30	1,196,030	USD	91
2015-01-01 to 2015-06-30	3,033,086	USD	181

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	3,290,998	USD	91
2016-01-01 to 2016-06-30	6,292,109	USD	182
2015-04-01 to 2015-06-30	2,590,897	USD	91
2015-01-01 to 2015-06-30	4,488,978	USD	181

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	309,335	USD	91
2016-01-01 to 2016-06-30	452,780	USD	182
2015-04-01 to 2015-06-30	18,820	USD	91
2015-01-01 to 2015-06-30	28,938	USD	181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2016-06-30	27,259,706	shares
At 2015-12-31	21,687,164	shares

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit	Days
At 2016-06-30	8,611,582	USD
At 2015-12-31	9,165,492	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2016-06-30	635,880	USD
At 2015-12-31	566,477	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2016-06-30	11,380	USD
At 2015-12-31	17,355	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2016-06-30	1,492,920	USD
At 2015-12-31	1,555,567	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2016-06-30	375,844	USD
At 2015-12-31	304,604	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	-2,094,101	USD	91
2016-01-01 to 2016-06-30	-3,354,962	USD	182
2015-04-01 to 2015-06-30	-2,118,676	USD	91
2015-01-01 to 2015-06-30	-2,546,310	USD	181

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	46,177	USD	182
2015-01-01 to 2015-06-30	13,930	USD	181

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	35,707	USD	182
2015-01-01 to 2015-06-30	34,647	USD	181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	-1,004	USD	91
2016-01-01 to 2016-06-30	-1,936	USD	182
2015-04-01 to 2015-06-30	-1,130	USD	91
2015-01-01 to 2015-06-30	80	USD	181

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	789,418	USD	182
2015-01-01 to 2015-06-30	93,620	USD	181

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	233,393	USD	182
2015-01-01 to 2015-06-30	743,299	USD	181

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	407,536	USD	182
2015-01-01 to 2015-06-30	-657,989	USD	181

Inspect the source

Entity: MILESTONE SCIENTIFIC INC. / CIK 0000855683
Captured: 2026-09-19T11:14:56.895Z
SEC response SHA-256: 362fb0aa83d37d18fac469b6e68835a82a547d733d8af8080ddcc72b4e184c75

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Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000855683.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))