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Stockholders' Equity
 12 Months Ended
Dec. 31, 2012
Stockholders' equity [Abstract]  
STOCKHOLDERS' EQUITY

NOTE J — STOCKHOLDERS’ EQUITY

ISSUANCES OF COMMON STOCK

During 2012, Milestone issued 155,172 shares valued at $45,000 for the directors compensation.

During 2012, Milestone issued 543,209 shares valued at $217,415 for payment of consulting services.

During 2012, Milestone issued 105,451 shares valued at $43,125 for payment of employee compensation.

During 2012, Milestone sold 107,143 shares valued at $150,000.

During 2012, Milestone’s to be issued shares are 229,705 valued at $237,000 for employee for bonus compensation.

During 2012, Milestone converted 83,300 to be issued shares to issued shares, valued at $50,813, for consulting services.

During 2012, Milestone converted 12,153 to be issued shares to issued shares, valued at $4,375, for employee compensation.

During 2011, Milestone issued 75,000 shares valued at $45,000 for the directors compensation.

During 2011, Milestone issued 327,222 shares valued at $191,214 for payment of consulting services.

 

During 2011, Milestone issued 38,699 shares valued at $30,000 for payment of employee compensation.

During 2011, Milestone sold 99,999 shares valued at $30,000.

During 2011, Milestone’s to be issued shares are 12,153 valued at $4,375 for the officer’s deferred compensation.

During 2011, Milestone’s to be issued shares are 748,990 valued at $420,000 for employee for bonus compensation.

During 2011, Milestone’s to be issued shares are 103,300 valued at $60,813 for the consulting services.

SHARES TO BE ISSUED

As of December 31, 2012 and 2011, there were 1,635,709 and 1,501,457 shares that have been deferred from being issued, subject to employment agreements with the Chief Executive Officer, Chief Financial Officer and employees of the Company. Such shares will be issued to each party upon termination of their employment.

OUTSTANDING WARRANTS

At December 31, 2011, there were 45,000 warrants outstanding, which expired in June 2012.

There were no warrants issued in 2012 and 2011.

SHARES RESERVED FOR FUTURE ISSUANCE

At December 31, 2012 and 2011 there were 3,752,782 and 3,694,072 shares reserved for future issuance; 1,523,740 and 1,599,281 shares underlying other stock options and warrants that were outstanding at December 31, 2012 and 2011, respectively: 1,635,709 shares in 2012 and 1,501,457 shares in 2011 to be issued in settlement of deferred compensation to Officers of the Company; and 593,334 shares in 2012 and 593,334 shares in 2011, for Performance Options issued to an Officer of the Company.

In December 2007, the Board of Directors authorized the Company to issue up to $2 million of its Company stock to vendors or employees, and to grant them piggy back registration rights in the usual form, at a value of not less than 90% of the market value on the date of the agreement for the vendor or employee to accept said shares. Such future shares are not included in the above noted shares reserved for future issuance.