Date:8/10/2009

154,511 152,574 Patents, net of accumulated amortization of $172,449 as of June 30, 2009 and $135,406 as of December 31, 2008 908,571 901,045 Other assets 15,874 7,317 --------- --------- Total assets $3,715,290 $4,410,750 ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $1,008,710 $829,130 Accrued expenses and other payable 461,108 495,897 Line of credit-net of discount of $36,152 1,263,848 - --------- --------- Total current liabilities 2,733,666 1,325,027 --------- --------- Long-term Liabilities: Line of credit-net of discount of $52,530 - 1,247,470 Notes Payable-net of discount of $12,555 and $11,927, respectively 437,445 438,073 --------- --------- Total long-term liabilities 437,445 1,685,543 --------- --------- Commitments and Contingencies Stockholders' Equity Common stock, par value $.001; authorized 50,000,000 shares; 13,117,574 shares issued 550,093 shares to be issued and 13,084,241 shares outstanding as of June 30, 2009; 12,695,685 shares issued, 504,639 shares to be issued, and 12,662,352 shares outstanding as of December 31, 2008 13,667 13,200
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SOURCE Milestone Scientific Inc. Copyright©2009 PR Newswire. All rights reserved

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