Milestone Scientific Inc. (MLSS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 7.35M | 7.48M | 8.11M | 7.63M | 8.62M | 9.29M | 10.7M | 11.49M | 10.81M | 10.79M | 9.97M | 10.5M | 11.58M | 12.97M | 14.51M | 15.71M | 18.23M | 18.93M | 19.16M | 20.11M |
| Cash & Short-Term Investments | 1.19M | 1.11M | 1.35M | 1.27M | 2.25M | 3.26M | 4.78M | 5.75M | 5.01M | 5.95M | 4.62M | 5.68M | 6.71M | 8.72M | 9.81M | 10.96M | 13.25M | 14.76M | 14.49M | 15.98M |
| Cash Only | 1.19M | 1.11M | 1.35M | 1.27M | 2.25M | 3.26M | 4.78M | 5.75M | 4.01M | 2.98M | 2.17M | 3.7M | 2.28M | 8.72M | 9.81M | 10.96M | 854.77K | 14.76M | 14.49M | 15.98M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 2.98M | 2.45M | 1.98M | 4.43M | 0 | 0 | 0 | 12.4M | 0 | 0 | 0 |
| Accounts Receivable | 555.77K | 680.62K | 716.54K | 690.63K | 524.97K | 475.38K | 553.98K | 386.84K | 661.84K | 312.66K | 591.01K | 789.58K | 912.4K | 693.72K | 1.09M | 1.1M | 2.55M | 943.27K | 968.11K | 812.34K |
| Days Sales Outstanding | 25.73 | 31.23 | 27.43 | 23.8 | 20.16 | 23.52 | 17.22 | 25.74 | 19.72 | 18.39 | 30.84 | 26.61 | 27.82 | 36.65 | 45.41 | 100.65 | 58.22 | 30.89 | 38.85 | 38.61 |
| Inventory | 3.49M | 3.78M | 4.13M | 3.9M | 4.16M | 3.71M | 3.71M | 3.33M | 2.86M | 2.64M | 2.48M | 2.19M | 2.04M | 1.79M | 1.55M | 1.51M | 1.8M | 1.54M | 1.68M | 1.48M |
| Days Inventory Outstanding | 530.07 | 632.19 | 499.23 | 519.33 | 605.61 | 679.75 | 477.98 | 636.31 | 436.79 | 309.04 | 386.94 | 188.77 | 243.43 | 133.08 | 184.33 | 155.41 | 147.64 | 136.09 | 194.08 | 150.75 |
| Other Current Assets | 2.11M | 1.9M | 506.57K | 1.13M | 750.33K | 564.64K | 646.13K | 1.25M | 1.42M | 1.37M | 578.75K | 1.28M | 1.15M | 1.33M | 1.58M | 1.63M | 622.08K | 1.31M | 1.51M | 1.39M |
| Total Non-Current Assets | 610.31K | 328.6K | 375.92K | 420K | 463.09K | 510.52K | 476.27K | 511.64K | 538.73K | 577.04K | 610.95K | 651.38K | 692.06K | 731.58K | 763.51K | 798.78K | 837.57K | 875.99K | 918.16K | 954.49K |
| Property, Plant & Equipment | 173.05K | 206.19K | 255.73K | 282.36K | 307.99K | 337.96K | 296.86K | 325.39K | 345.63K | 374.26K | 398.48K | 425.7K | 453.17K | 479.48K | 501.73K | 523.78K | 549.23K | 574.22K | 598.82K | 623.8K |
| Fixed Asset Turnover | 11.40x | 8.91x | 8.77x | 7.87x | 6.91x | 6.34x | 8.08x | 5.53x | 6.25x | 5.85x | 5.00x | 6.62x | 5.57x | 4.57x | 4.32x | 3.07x | 4.81x | 4.85x | 3.45x | 3.84x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 61.96K | 79.06K | 96.04K | 113.49K | 130.95K | 148.4K | 155.25K | 162.1K | 168.96K | 178.64K | 188.31K | 201.53K | 214.74K | 227.96K | 237.64K | 250.85K | 264.19K | 277.62K | 295.19K | 306.54K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 375.3K | 43.34K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K | 24.15K |
| Total Assets | 7.96M | 7.81M | 8.49M | 8.05M | 9.09M | 9.8M | 11.17M | 12.01M | 11.35M | 11.37M | 10.58M | 11.15M | 12.27M | 13.7M | 15.28M | 16.51M | 19.07M | 19.81M | 20.08M | 21.06M |
| Asset Turnover | 0.27x | 0.25x | 0.29x | 0.27x | 0.24x | 0.19x | 0.22x | 0.16x | 0.20x | 0.21x | 0.19x | 0.25x | 0.20x | 0.15x | 0.14x | 0.09x | 0.14x | 0.14x | 0.10x | 0.11x |
| Asset Growth % | -12.38% | -20.32% | -24.06% | -32.94% | -19.93% | -13.85% | 5.59% | 7.66% | -7.52% | -17.01% | -30.73% | -32.47% | -35.62% | -30.83% | -23.9% | -21.59% | -15.79% | 1.22% | 0.66% | 0.46% |
| Total Current Liabilities | 4.86M | 4.13M | 5.03M | 3.77M | 4.44M | 3.74M | 3.76M | 3.83M | 3.64M | 3.08M | 3.28M | 3.11M | 2.65M | 3.3M | 3.68M | 3.39M | 3.83M | 3.1M | 3.53M | 2.95M |
| Accounts Payable | 2.27M | 1.43M | 2.01M | 1.96M | 1.92M | 1.02M | 1.14M | 2.22M | 1.89M | 1.1M | 1.79M | 1.3M | 1.28M | 1.91M | 2.19M | 2.12M | 2.14M | 1.18M | 1.16M | 784.57K |
| Days Payables Outstanding | 269.62 | 275.23 | 246.93 | 249.74 | 226.14 | 197.7 | 227.83 | 422.85 | 237.93 | 174.17 | 255.48 | 114.95 | 202.19 | 163.16 | 260.02 | 200.3 | 146.57 | 98.98 | 119.84 | 63.69 |
| Short-Term Debt | 164.85K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 92.33K | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2.42M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.41M | 0 | 660.05K | 515.14K |
| Current Ratio | 1.51x | 1.81x | 1.61x | 2.03x | 1.94x | 2.48x | 2.85x | 3.00x | 2.97x | 3.51x | 3.04x | 3.38x | 4.37x | 3.93x | 3.95x | 4.64x | 4.76x | 6.11x | 5.43x | 6.82x |
| Quick Ratio | 0.79x | 0.89x | 0.79x | 0.99x | 1.00x | 1.49x | 1.86x | 2.13x | 2.19x | 2.65x | 2.28x | 2.67x | 3.60x | 3.39x | 3.53x | 4.19x | 4.29x | 5.62x | 4.95x | 6.32x |
| Cash Conversion Cycle | 286.19 | 388.2 | 279.72 | 293.39 | 399.64 | 505.57 | 267.36 | 239.2 | 218.58 | 153.26 | 162.3 | 100.43 | 69.06 | 6.57 | -30.29 | 55.76 | 59.28 | 68.01 | 113.09 | 125.67 |
| Total Non-Current Liabilities | 820.5K | 862.54K | 903.1K | 942.89K | 181.93K | 220.25K | 195.65K | 225.05K | 253.77K | 282.29K | 311.69K | 340.43K | 368.52K | 395.98K | 422.12K | 447.67K | 472.66K | 497.04K | 520.21K | 542.84K |
| Long-Term Debt | 800K | 800K | 800K | 800K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 20.5K | 62.54K | 103.1K | 142.89K | 181.93K | 220.25K | 195.65K | 225.05K | 253.77K | 282.29K | 311.69K | 340.43K | 368.52K | 395.98K | 422.12K | 447.67K | 472.66K | 497.04K | 520.21K | 542.84K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 5.68M | 4.99M | 5.94M | 4.71M | 4.63M | 3.96M | 3.95M | 4.05M | 3.89M | 3.36M | 3.59M | 3.45M | 3.02M | 3.7M | 4.1M | 3.84M | 4.3M | 3.59M | 4.05M | 3.49M |
| Total Debt | 985.35K | 1.02M | 1.05M | 1.09M | 318.7K | 349.05K | 311.69K | 340.44K | 369.35K | 395.98K | 422.05K | 447.67K | 472.64K | 497.04K | 520.2K | 542.84K | 564.99K | 586.59K | 607.03K | 627.01K |
| Net Debt | -209.08K | -92.4K | -291.56K | -187.76K | -1.93M | -2.91M | -4.46M | -5.41M | -3.64M | -2.58M | -1.75M | -3.25M | -1.81M | -8.22M | -9.29M | -10.42M | -289.79K | -14.18M | -13.88M | -15.35M |
| Debt / Equity | 0.43x | 0.36x | 0.41x | 0.33x | 0.07x | 0.06x | 0.04x | 0.04x | 0.05x | 0.05x | 0.06x | 0.06x | 0.05x | 0.05x | 0.05x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -70.36x | -99.06x | -58.21x | - | - | - | - | - | -437.20x | - | - | - | - | - | - | - | -403.73x | -323.94x | -429.89x | -643.93x |
| Total Equity | 2.28M | 2.81M | 2.55M | 3.34M | 4.46M | 5.83M | 7.22M | 7.95M | 7.46M | 8.01M | 6.99M | 7.7M | 9.25M | 10.01M | 11.18M | 12.68M | 14.77M | 16.22M | 16.03M | 17.57M |
| Equity Growth % | -48.8% | -51.78% | -64.7% | -58% | -40.18% | -27.21% | 3.27% | 3.27% | -19.36% | -19.93% | -37.46% | -39.24% | -37.34% | -38.29% | -30.24% | -27.85% | -22.44% | 0.67% | 1.16% | 3.53% |
| Book Value per Share | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.07 | 0.09 | 0.10 | 0.09 | 0.11 | 0.09 | 0.11 | 0.13 | 0.14 | 0.16 | 0.18 | 0.21 | 0.23 | 0.23 | 0.25 |
| Total Shareholders' Equity | 2.28M | 2.81M | 2.55M | 3.34M | 4.46M | 5.83M | 7.22M | 7.95M | 7.46M | 8.01M | 7.25M | 7.95M | 9.48M | 10.23M | 11.39M | 12.87M | 14.94M | 16.37M | 16.16M | 17.69M |
| Common Stock | 80.49K | 80.49K | 78.59K | 78.59K | 78.23K | 78.05K | 77.71K | 77.23K | 76.63K | 75.88K | 70.89K | 70.11K | 69.81K | 69.31K | 68.91K | 68.81K | 68.15K | 68.15K | 67.61K | 67.06K |
| Retained Earnings | -134.62M | -133.78M | -132.68M | -131.53M | -130.05M | -128.05M | -126.02M | -124.56M | -124.78M | -123.34M | -121.4M | -119.93M | -117.72M | -116.41M | -114.44M | -112.46M | -109.61M | -107.7M | -106.58M | -104.54M |
| Treasury Stock | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K | -911.52K |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -253.26K | -243.45K | -230.94K | -219.28K | -206.57K | -192.89K | -170.04K | -152.54K | -135.97K | -123.74K |