XML 32 R17.htm IDEA: XBRL DOCUMENT
v3.19.3

Note 11 - Concentrations | 9 Months Ended
--- | ---
Sep. 30, 2019
Notes to Financial Statements |
Concentration Risk Disclosure [Text Block] | NOTE 11 – CONCENTRATIONS Milestone Scientific has informal arrangements with third -party manufacturers of the STA, CompuDent , CompuMed devices and handpieces, pursuant to which they manufacture these products under specific purchase orders but without any long-term contract or minimum purchase commitment. Consequently, advances on contracts have been classified as current at September 30, 2019 and December 31, 2018. The termination of the manufacturing relationship with any of these manufacturers could have a material adverse effect on Milestone Scientific’s ability to produce and sell its products. Although alternate sources of supply exist, and new manufacturing relationships could be established, Milestone Scientific would need to recover its existing tools or have new tools produced. Establishment of new manufacturing relationships could involve significant expense and delay. Any curtailment or interruption of the supply, because of termination of such a relationship, would have a material adverse effect on Milestone Scientific’s financial condition, business and results of operations. For the three and nine months ended September 30, 2019 an aggregate of approximately 54% and 51%, respectively, of Wand Dental’s net product sales were to one customer/distributor. For the three and nine months ended September 30, 2018 an aggregate of approximately 44% and 43%, respectively, of Wand Dental’s net product sales were to one customer/distributor. Accounts receivable for two customers/distributors amounted to approximately $2.7 million or 91%, or 59% and 32% of Milestone Scientific's gross accounts receivable as of September 30, 2019. Accounts receivable, including related party accounts receivable, for the major customer/distributor (i.e., Milestone China, a related party), amounted to approximately $3.1 million , or 82%, or 49% and 33% of Milestone Scientific's accounts receivable, as of December 31, 2018. As of September 30, 2019, Milestone China owed $1,817,990 to Milestone Scientific. Due to the delinquent nature of the scheduled payments and Milestone China’s further liquidity constraints, Milestone Scientific reduced accounts receivable, related party and deferred revenue, related party by $1,817,990 in 2018, this allowance remains recorded as of September 30, 2019 . Additionally, Milestone Scientific has a reserve of $1,250,928 at September 30, 2019 and December 31, 2018, against the associated deferred cost, related party which was recorded in 2018.

X
- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI http://asc.fasb.org/topic&trid=2134479 + Details
Name: | us-gaap_ConcentrationRiskDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration