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Milestone Scientific Announces 2010 Year End Results
Date:4/4/2011

s:Accounts payable - long term

440,376-Accrued Interest - 6% note

-92,000Notes Payable-net of discount of $8,361 and $11,157, respectively

441,639438,843Total long-term liabilities

882,015530,843Commitments and ContingenciesStockholders' Equity Common stock, par value $.001; authorized 50,000,000 shares; 14,915,959 shares issued637,013 shares to be issued and 14,882,626 shares outstanding as of December 31, 2010;14,781,295 shares issued, 692,498 shares to be issued, and 14,747,962 shares outstanding as of December 31, 2009

15,55215,472Additional paid-in capital

62,606,04362,300,619Accumulated deficit

(59,377,962)(58,763,454)Treasury stock, at cost, 33,333 shares

(911,516)(911,516)Total stockholders' equity

2,332,1172,641,121 Total liabilities and stockholders' equity

$
,609,023$
4,849,994 MILESTONE SCIENTIFIC INC. RESULTS OF OPERATIONS (Audited) 20102009 Product sales, net

$
9,749,968$
8,549,060 Cost of products sold

3,531,4523,458,279 Gross profit

6,218,5165,090,781 Selling, general and administrative expenses

6,648,8596,952,976 Research and development expenses

270,494241,3186,919,3537,194,294 Loss from operations

(700,837)(2,103,513) Other income (expense) Other income

183,673777,609 Interest income

5873,146 Interest expense

(95,135)(154,027) Amortized debt issuance

(2,796)(53,300) Total other income

86,329573,428 Net loss

$
(614,508)$   (1,530,085) Net loss applicable to common stockholders

$
(614,508)$   (1,530,085) Loss per share applicable to common stockholders -   basic and diluted

$
(0.04)$
(0.11) Weighted average shares outstanding and to be issued -   basic and diluted

14,824,80213,389,872About Milestone Scientific Inc.Headquartered in Livingston, New Jersey, Milestone Scientific is engaged in pioneering advanced computer
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SOURCE Milestone Scientific Inc.
Copyright©2010 PR Newswire.
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