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Note 8 - Stock Option Plans | 6 Months Ended
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Jun. 30, 2025
Notes to Financial Statements |
Share-Based Payment Arrangement [Text Block] | NOTE 8 — STOCK OPTION PLANS Milestone Scientific Inc., the Amended and Restated 2020 Equity Incentive Plan, provides for awards of restricted common, stock restricted stock units, options to purchase and other awards. On June 28, 2023 the plan was amended and restated (the "2020 Plan") to increase the maximum shares that can be issued thereunder to 11,500,000 shares of common stock. The plan expires in June 2031. Options may be granted to employees, directors, and consultants of Milestone Scientific for the purchase of shares of common stock at a price not less than the fair market value of common stock on the date of grant. Generally, options become exercisable over a three-year period from the grant date and expire five years after the date of grant. Milestone Scientific recognizes compensation expenses over the requisite service period and in the case of performance-based options over the period of the expected performance. For the three and six months ended June 30, 2025, Milestone Scientific recognized approximately $158,000 and $329,000 of total employee compensation cost, respectively, recorded in general and administrative expenses on the statement of operations. For the three and six months ended June 30, 2024, Milestone Scientific recognized approximately $170,000 and $358,000 of total employee compensation cost, respectively, recorded in general and administrative expenses on the statement of operations. As of June 30, 2025, there was $528,000 of total unrecognized compensation cost related to non-vested options. Milestone Scientific expects to recognize these costs over a weighted average period of 0.75 years. There were no options granted to employees during the six months ended June 30, 2025 are presented below:
|  | Number of Options |  |  | Weighted Averaged Exercise Price $ |  |  | Weighted Average Remaining Contractual Life (Years) |  |  | Aggregate Intrinsic Options Value $ |
Options outstanding at January 1, 2025 |  |  | 2,951,989 |  |  |  | 2.29 |  |  |  | 4.54 |  |  |  | - |
Granted during 2025 |  |  | - |  |  |  | - |  |  |  |  |  |  |  | - |
Exercised during 2025 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Forfeited or expired during 2025 |  |  | (216,296 | ) |  |  | 1.52 |  |  |  | - |  |  |  | - |
Options outstanding June 30, 2025 |  |  | 2,735,693 |  |  |  | 2.39 |  |  |  | 4.38 |  |  |  | - |
Exercisable, June 30, 2025 |  |  | 2,335,694 |  |  |  | 2.38 |  |  |  | 4.14 |  |  |  | - |
A summary of option activity for non-employees under the plans and changes during the six months ended June 30, 2025 is presented below:
|  | Number of Options |  |  | Weighted Averaged Exercise Price $ |  |  | Weighted Average Remaining Contractual Life (Years) |  |  | Aggregate Intrinsic Options Value $ |
Options outstanding at January 1, 2025 |  |  | 99,996 |  |  |  | 1.74 |  |  |  | 2.12 |  |  |  | 5,750 |
Granted during 2025 |  |  | 16,666 |  |  |  | 0.94 |  |  |  | 4.69 |  |  |  |  |
Exercised during 2025 |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Forfeited or expired during 2025 |  |  | (24,999 | ) |  |  | 1.70 |  |  |  |  |  |  |  |  |
Options outstanding June 30, 2025 |  |  | 91,663 |  |  |  | 1.60 |  |  |  | 2.68 |  |  |  | - |
Exercisable, June 30, 2025 |  |  | 66,660 |  |  |  | 1.86 |  |  |  | 2.06 |  |  |  | - |
The fair value of the non-employee options was estimated on the date of grant using the Black Scholes option-pricing model at the date of grant. For the three and six months ended June 30, 2025, Milestone Scientific recognized approximately $1,400 and $8,000 expenses related to non-employee options, respectively. For the three and six months ended June 30, 2024, Milestone Scientific recognized approximately $1,100 and $2,200, respectively of expense related to non-employee options. A summary of restricted stock under the plans and changes during the six months ended June 30, 2025 is presented below:
|  | Number of Shares |  |  | Weighted Average Grant-Date Fair Value per Award |
Non-vested as January 1, 2025 |  |  | 365,171 |  |  |  | 0.89 |
Granted |  |  | - |  |  |  | - |
Vested |  |  | (337,081 | ) |  |  | 0.89 |
Cancelled |  |  | (28,090 | ) |  |  | 0.89 |
Non-vested as June 30, 2025 |  |  | - |  |  |  | - |
The Company granted 730,340 restricted stock awards with a fair market value of $0.89 per share. Such restricted stock vests as follows:25% on the grant date in June 2024, and25% quarterly, on the first day of the following months: October 2024, January 2025, and April 2025. These awards vest immediately upon a change of control as defined in the agreements. For the three and six months ended June 30, 2025, the Company recognized approximately $1,500 and $155,500, respectively, for restricted stock expenses recorded in general and administrative expenses on the statement of operation. As of June 30, 2025 there wasnounrecognized compensation expense.

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