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v3.3.1.900

Consolidated Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2015 | Dec. 31, 2014
Product sales, net | $ 9,491,569 | $ 10,333,090
Cost of products sold | 3,048,260 | 3,630,765
Gross profit | 6,443,309 | 6,702,325
Selling, general and administrative expenses | 9,399,201 | 7,404,258
Research and development expenses | 100,856 | 88,243
Total operating expenses | 9,500,057 | 7,492,501
Loss from operations | (3,056,748) | (790,176)
Other (expenses) | (5,347) |
Interest income | 3,838 | 2,389
Total other expenses, net | (1,509) | 2,389
Loss before provision for income tax and equity in net earnings of equity investments | (3,058,257) | (787,787)
Provision for income tax | (36,157) | (9,509)
Loss before equity in net earnings of equity investments | (3,094,414) | (797,296)
Net loss in equity investments | (2,445,489) | (910,200)
Net Loss | (5,539,903) | (1,707,496)
Net loss attributable to noncontrolling interests | 72,381 | 5,472
Net loss attributable to Milestone Scientific Inc. | $ (5,467,522) | $ (1,702,024)
Net loss per share applicable to common stockholders— |  |
Basic | $ (0.26) | $ (0.08)
Diluted | $ (0.26) | $ (0.08)
Weighted average shares outstanding and to be issued— |  |
Basic | 21,429,993 | 20,063,513
Diluted | 21,429,993 | 20,063,513
Milestone Medical Inc. [Member] |  |
Product sales, net | $ 51,000 | $ 0
Total operating expenses | 3,990,000 | 1,900,000
Net loss in equity investments | (2,019,211) | (891,500)
Milestone Education LLC [Member] |  |
Net loss in equity investments | (7,846) | (17,890)
Net Loss | (7,846) | (17,889)
Milestone China [Member] |  |
Net loss in equity investments | (348,651) | (810)
Loss on earnings from China Joint Venture | $ (418,432) | $ (810)

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