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v2.4.1.9

Statements of Cash Flows (USD $) | 12 Months Ended
--- | ---
Dec. 31, 2014 | Dec. 31, 2013
Cash flows from operating activities: |  |
Net income (loss) | $ (1,702,024)us-gaap_NetIncomeLoss | $ 1,464,930 us-gaap_NetIncomeLoss
Adjustments to reconcile net (loss) income to net cash provided by operating activities: |  |
Net loss contributed from noncontrolling interest | (5,472)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
Depreciation expense | 17,380 us-gaap_Depreciation | 18,176 us-gaap_Depreciation
Amortization of patents | 78,458 us-gaap_AmortizationOfIntangibleAssets | 77,947 us-gaap_AmortizationOfIntangibleAssets
Common stock and options issued for compensation, consulting, and vendor services | 1,031,623 mlss_CommonStockAndOptionsIssuedForCompensationConsultingAndVendorServices | 1,077,213 mlss_CommonStockAndOptionsIssuedForCompensationConsultingAndVendorServices
Bad debt reversal |  | (308,350)us-gaap_AllowanceForDoubtfulAccountsReceivableRecoveries
Gain on Dilutive Effect on Medical Joint Venture |  | (1,363,650)us-gaap_DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
Changes in operating assets and liabilities: |  |
(Increase) Decrease in accounts receivable | (8,623)us-gaap_IncreaseDecreaseInAccountsReceivable | (126,323)us-gaap_IncreaseDecreaseInAccountsReceivable
(Increase) Decrease in inventories | (1,175,447)us-gaap_IncreaseDecreaseInInventories | (683,091)us-gaap_IncreaseDecreaseInInventories
Decrease to advances on contracts | 1,587,155 mlss_IncreaseDecreaseToAdvancesToContractManufacturer | 519,094 mlss_IncreaseDecreaseToAdvancesToContractManufacturer
Decrease to prepaid expenses and other current assets | (304,114)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 88,610 us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
(Increase) in other assets | (1,768)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (5,600)us-gaap_IncreaseDecreaseInOtherOperatingAssets
(Decrease) in accounts payable | (516,460)us-gaap_IncreaseDecreaseInAccountsPayable | (316,226)us-gaap_IncreaseDecreaseInAccountsPayable
Increase (Decrease) in accrued expenses | 466,035 us-gaap_IncreaseDecreaseInAccruedLiabilities | (116,275)us-gaap_IncreaseDecreaseInAccruedLiabilities
Net cash provided by (used in) operating activities | 376,943 us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 1,258,736 us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities: |  |
Investment in Medical Joint Venture | (856,105)us-gaap_PaymentsToAcquireOtherInvestments | (484,828)us-gaap_PaymentsToAcquireOtherInvestments
Purchases of property and equipment | (82,210)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (5,539)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Payments for patent rights | (16,752)us-gaap_PaymentsToAcquireIntangibleAssets | (21,020)us-gaap_PaymentsToAcquireIntangibleAssets
Net cash used in investing activities | (1,304,528)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (561,387)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities: |  |
Proceeds from exercise of stock options | 348,697 us-gaap_ProceedsFromStockOptionsExercised | 34,600 us-gaap_ProceedsFromStockOptionsExercised
Proceeds from the sale of common stock |  | 200,000 us-gaap_ProceedsFromIssuanceOfCommonStock
Capital Contribution from noncontrolling interest | 400,000 us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest |
Net proceeds on Private Placement Offering | 9,449,683 us-gaap_ProceedsFromIssuanceOfPrivatePlacement |
Proceeds from related party loan |  | 50,000 us-gaap_ProceedsFromRelatedPartyDebt
Net cash provided by financing activities | 10,148,380 us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 284,600 us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
NET INCREASE IN CASH AND CASH EQUIVALENTS | 9,220,795 us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 981,949 us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year | 1,147,198 us-gaap_CashAndCashEquivalentsAtCarryingValue | 165,249 us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year | 10,367,993 us-gaap_CashAndCashEquivalentsAtCarryingValue | 1,147,198 us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of non cash investing and financing activities: |  |
Shares issued to directors for the exercise of stock options | 41,250 mlss_StockIssuedDuringPeriodToPurchaseOptionOfDirectorsValue | 34,600 mlss_StockIssuedDuringPeriodToPurchaseOptionOfDirectorsValue
Shares issued to directors for compensation | 55,200 mlss_StockIssuedDirectorsCompensation | 45,000 mlss_StockIssuedDirectorsCompensation
Shares issued for conversion of notes payable and accrued interest |  | 860,081 mlss_SharesIssuedForConversionOfNotesPayableAndAccruedInterest
Shares issued to employees for exercise of stock options | 250,531 mlss_StockIssuedDuringPeriodToPurchaseOptionOfEmployeesValue |
Shares issued to employees in lieu of cash compensation | 69,041 mlss_StockIssuedEmployeesCompensation | 47,500 mlss_StockIssuedEmployeesCompensation
Shares issued to consultants for services | 274,500 us-gaap_StockIssuedDuringPeriodValueIssuedForServices | 400,000 us-gaap_StockIssuedDuringPeriodValueIssuedForServices
Shares issued to consultants for exercise of stock options | 56,916 mlss_StockIssuedDuringPeriodToPurchaseOptionOfConsultantsValue |
Capital Contribution-Fixed Asset, net for Medical Joint Venture | 21,584 us-gaap_ContributionOfProperty |
Gain on Dilutive Effect on Medical Joint Venture |  | 1,363,650 us-gaap_DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
Medical Joint Venture |  |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: |  |
Loss on Earnings from joint venture | 891,500 us-gaap_IncomeLossFromEquityMethodInvestments / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = mlss_MedicalJointVentureMember | 924,363 us-gaap_IncomeLossFromEquityMethodInvestments / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = mlss_MedicalJointVentureMember
Education Joint Venture |  |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: |  |
Loss on Earnings from joint venture | 17,890 us-gaap_IncomeLossFromEquityMethodInvestments / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = mlss_EducationJointVentureMember | 7,918 us-gaap_IncomeLossFromEquityMethodInvestments / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = mlss_EducationJointVentureMember
Cash flows from investing activities: |  |
Investment in Joint Venture |  | (50,000)us-gaap_PaymentsToAcquireInterestInJointVenture / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = mlss_EducationJointVentureMember
Milestone China |  |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: |  |
Loss on Earnings from joint venture | 810 us-gaap_IncomeLossFromEquityMethodInvestments / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = mlss_MilestoneChinaMember |
Cash flows from investing activities: |  |
Investment in Joint Venture | $ (349,461)us-gaap_PaymentsToAcquireInterestInJointVenture / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = mlss_MilestoneChinaMember |

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