MILESTONE SCIENTIFIC INC.: 10-Q filed 2023-11-14

Name: MILESTONE SCIENTIFIC INC.: 10-Q filed 2023-11-14
Creator: MILESTONE SCIENTIFIC INC.

What MILESTONE SCIENTIFIC INC. reported in its quarterly report filed 2023-11-14 (fiscal Q3 2023): 38 published measures, 112 facts as tagged in accession 0001437749-23-031950.

This filing

Form: 10-Q (quarterly report)
Filed: 2023-11-14
Fiscal period: fiscal Q3 2023
Accession: 0001437749-23-031950 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 2023-09-30	10,583,558	USD
At 2022-12-31	13,702,086	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2023-09-30	3,590,533	USD
At 2022-12-31	3,695,652	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2023-09-30	7,246,288	USD
At 2022-12-31	10,225,710	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	Days
At 2023-09-30	2,170,593	USD
At 2022-12-31	8,715,279	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
2023-07-01 to 2023-09-30	-1,466,294	USD	92
2023-01-01 to 2023-09-30	-4,990,277	USD	273
2022-07-01 to 2022-09-30	-1,971,803	USD	92
2022-01-01 to 2022-09-30	-6,732,007	USD	273

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	-4,080,330	USD	273
2022-01-01 to 2022-09-30	-4,942,360	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	-6,486	USD	273
2022-01-01 to 2022-09-30	-6,486	USD	273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	-2,457,870	USD	273
2022-01-01 to 2022-09-30	-3,827	USD	273

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 2023-09-30	-121,400,682	USD
At 2022-12-31	-116,410,405	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
2023-07-01 to 2023-09-30	73,730,921	shares	92
2023-01-01 to 2023-09-30	72,374,693	shares	273
2022-07-01 to 2022-09-30	70,975,420	shares	92
2022-01-01 to 2022-09-30	70,480,706	shares	273

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
2023-07-01 to 2023-09-30	-0.02	USD/shares	92
2023-01-01 to 2023-09-30	-0.07	USD/shares	273
2022-07-01 to 2022-09-30	-0.03	USD/shares	92
2022-01-01 to 2022-09-30	-0.1	USD/shares	273

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	Unit	Days
2023-07-01 to 2023-09-30	USD	92
2023-01-01 to 2023-09-30	USD	273
2022-07-01 to 2022-09-30	USD	92
2022-01-01 to 2022-09-30	USD	273

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 2023-09-30	9,182	USD
At 2022-12-31	18,146	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	1,113,427	USD	273
2022-01-01 to 2022-09-30	1,097,838	USD	273

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
2023-07-01 to 2023-09-30	-1,506,705	USD	92
2023-01-01 to 2023-09-30	-5,126,933	USD	273
2022-07-01 to 2022-09-30	-2,013,495	USD	92
2022-01-01 to 2022-09-30	-6,812,856	USD	273

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 2023-09-30	9,972,611	USD
At 2022-12-31	12,970,504	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2023-09-30	3,278,840	USD
At 2022-12-31	3,299,675	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 2023-09-30	188,314	USD
At 2022-12-31	227,956	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 2023-09-30	591,012	USD
At 2022-12-31	693,717	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
2023-07-01 to 2023-09-30	3,010,139	USD	92
2023-01-01 to 2023-09-30	10,409,051	USD	273
2022-07-01 to 2022-09-30	3,466,230	USD	92
2022-01-01 to 2022-09-30	10,628,665	USD	273

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 2023-09-30	2,482,630	USD
At 2022-12-31	1,792,335	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
2023-07-01 to 2023-09-30	1,503,434	USD	92
2023-01-01 to 2023-09-30	5,282,118	USD	273
2022-07-01 to 2022-09-30	1,452,735	USD	92
2022-01-01 to 2022-09-30	3,815,809	USD	273

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
2023-07-01 to 2023-09-30	2,823,765	USD	92
2023-01-01 to 2023-09-30	9,834,781	USD	273
2022-07-01 to 2022-09-30	3,283,378	USD	92
2022-01-01 to 2022-09-30	9,681,326	USD	273

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
2023-07-01 to 2023-09-30	170,478	USD	92
2023-01-01 to 2023-09-30	524,472	USD	273
2022-07-01 to 2022-09-30	166,191	USD	92
2022-01-01 to 2022-09-30	897,218	USD	273

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 2023-09-30	70,860,415	shares
At 2022-12-31	69,273,164	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
At 2023-09-30	6,993,025	USD
At 2023-06-30	7,701,663	USD
At 2023-03-31	9,251,875	USD
At 2022-12-31	10,006,434	USD
At 2022-09-30	11,180,879	USD
At 2022-06-30	12,675,661	USD
At 2022-03-31	14,765,912	USD
At 2021-12-31	16,215,382	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2023-09-30	378,142	USD
At 2022-12-31	443,685	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 2023-09-30	24,150	USD
At 2022-12-31	24,150	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 2023-09-30	1,111,742	USD
At 2022-12-31	1,124,839	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 2023-09-30	578,753	USD
At 2022-12-31	443,872	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-1,476,105	USD	92
2023-01-01 to 2023-09-30	-5,024,264	USD	273
2022-07-01 to 2022-09-30	-1,985,483	USD	92
2022-01-01 to 2022-09-30	-6,786,037	USD	273

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
2023-07-01 to 2023-09-30	-1,476,105	USD	92
2023-01-01 to 2023-09-30	-5,024,264	USD	273
2023-04-01 to 2023-06-30	-2,228,828	USD	91
2023-01-01 to 2023-03-31	-1,319,331	USD	90
2022-07-01 to 2022-09-30	-1,985,483	USD	92
2022-01-01 to 2022-09-30	-6,786,037	USD	273
2022-04-01 to 2022-06-30	-2,881,329	USD	91
2022-01-01 to 2022-03-31	-1,919,225	USD	90

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
2023-01-01 to 2023-09-30	10,155	USD	273
2022-01-01 to 2022-09-30	10,139	USD	273

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	15,896	USD	92
2023-01-01 to 2023-09-30	49,798	USD	273
2022-07-01 to 2022-09-30	16,661	USD	92
2022-01-01 to 2022-09-30	50,121	USD	273

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
2023-01-01 to 2023-09-30	39,643	USD	273
2022-01-01 to 2022-09-30	39,982	USD	273

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	34,320	USD	92
2023-01-01 to 2023-09-30	98,083	USD	273
2022-07-01 to 2022-09-30	31,999	USD	92
2022-01-01 to 2022-09-30	95,996	USD	273

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
2023-01-01 to 2023-09-30	-16,076	USD	273
2022-01-01 to 2022-09-30	-100,000	USD	273

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
2023-01-01 to 2023-09-30	799,454	USD	273
2022-01-01 to 2022-09-30	440,574	USD	273

Inspect the source

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

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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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with urlopen("https://canlicapital.com/company-data/0000855683.json") as response:
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print(record["policy"])
for concept in record["concepts"]:
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