2020 Q1 Form 10-Q Financial Statement

#000143774920011007 Filed on May 15, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1 2018 Q4
Revenue $1.811M $1.916M $3.766M
YoY Change -5.46% 6.11% 69.63%
Cost Of Revenue $527.3K $618.7K $1.864M
YoY Change -14.78% 9.96% 88.33%
Gross Profit $1.284M $1.297M $1.901M
YoY Change -1.01% 4.37% 55.84%
Gross Profit Margin 70.89% 67.71% 50.49%
Selling, General & Admin $2.748M $2.109M $1.897M
YoY Change 30.3% -30.14% -35.27%
% of Gross Profit 214.0% 162.58% 99.76%
Research & Development $107.5K $6.346K $29.98K
YoY Change 1593.67% -97.19% -0.07%
% of Gross Profit 8.37% 0.49% 1.58%
Depreciation & Amortization $37.22K $26.05K $26.17K
YoY Change 42.9% -90.17% -92.3%
% of Gross Profit 2.9% 2.01% 1.38%
Operating Expenses $2.893M $2.115M $1.927M
YoY Change 36.75% -34.8% -35.13%
Operating Profit -$1.609M -$818.2K -$25.41K
YoY Change 96.61% -59.13% -98.55%
Interest Expense $110.00 $41.28K $1.310K
YoY Change -99.73%
% of Operating Profit
Other Income/Expense, Net -$4.210K -$2.264K -$1.990K
YoY Change 85.95% 33.18%
Pretax Income -$1.613M -$779.2K -$26.09K
YoY Change 106.98% -61.06% -98.5%
Income Tax $250.00 $4.465K $6.830K
% Of Pretax Income
Net Earnings -$1.600M -$782.8K $179.9K
YoY Change 104.43% -58.23% -110.05%
Net Earnings / Revenue -88.34% -40.86% 4.78%
Basic Earnings Per Share -$0.03 -$0.02
Diluted Earnings Per Share -$0.03 -$0.02 $5.005K
COMMON SHARES
Basic Shares Outstanding 49.73M 40.53M
Diluted Shares Outstanding 49.73M 40.53M

Balance Sheet

Concept 2020 Q1 2019 Q1 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $766.0K $2.740M $743.4K
YoY Change -72.04% 31.09% -71.84%
Cash & Equivalents $766.0K $2.740M $1.996M
Short-Term Investments
Other Short-Term Assets $707.0K $620.5K $464.5K
YoY Change 13.93% -61.22% -70.03%
Inventory $1.723M $1.861M $1.921M
Prepaid Expenses
Receivables $1.290M $1.513M $1.978M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.261M $7.314M $5.856M
YoY Change -28.07% -33.55% -51.28%
LONG-TERM ASSETS
Property, Plant & Equipment $29.96K $77.87K $82.56K
YoY Change -61.52% -32.58% -41.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $24.15K $17.36K $26.88K
YoY Change 39.15% -35.43% 0.0%
Total Long-Term Assets $1.113M $647.2K $544.7K
YoY Change 72.03% -114.05% -84.9%
TOTAL ASSETS
Total Short-Term Assets $5.261M $7.314M $5.856M
Total Long-Term Assets $1.113M $647.2K $544.7K
Total Assets $6.375M $7.962M $6.401M
YoY Change -19.93% 24.38% -59.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.444M $1.199M $1.059M
YoY Change 20.45% -23.0% 8.34%
Accrued Expenses $832.3K $1.548M $794.9K
YoY Change -46.24% -19.72% -63.52%
Deferred Revenue $50.00K $100.0K
YoY Change -94.2%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.240M $5.219M $4.873M
YoY Change 0.4% -25.45% -27.58%
LONG-TERM LIABILITIES
Long-Term Debt $34.52K $0.00 $0.00
YoY Change
Other Long-Term Liabilities $612.0K $15.92K $0.00
YoY Change 3744.35% -98.86% -100.0%
Total Long-Term Liabilities $646.5K $15.92K $0.00
YoY Change 3961.18% -98.86% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.240M $5.219M $4.873M
Total Long-Term Liabilities $646.5K $15.92K $0.00
Total Liabilities $5.887M $5.235M $4.873M
YoY Change 12.45% -37.68% -40.05%
SHAREHOLDERS EQUITY
Retained Earnings -$95.12M -$86.78M -$86.00M
YoY Change 9.61% 7.88% 9.46%
Common Stock $96.60M $90.44M $88.45M
YoY Change 6.81% 3.78% 1.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $911.5K $911.5K $911.5K
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares $33.33K $33.33K $33.33K
Shareholders Equity $567.8K $2.748M $1.540M
YoY Change
Total Liabilities & Shareholders Equity $6.375M $7.962M $6.401M
YoY Change -19.93% -44.53% -59.04%

Cashflow Statement

Concept 2020 Q1 2019 Q1 2018 Q4
OPERATING ACTIVITIES
Net Income -$1.600M -$782.8K $179.9K
YoY Change 104.43% -58.23% -110.05%
Depreciation, Depletion And Amortization $37.22K $26.05K $26.17K
YoY Change 42.9% -90.17% -92.3%
Cash From Operating Activities -$972.1K -$220.2K $329.5K
YoY Change 341.51% -59.33% -0.15%
INVESTING ACTIVITIES
Capital Expenditures $7.138K $8.104K -$890.00
YoY Change -11.92% 492.4%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$7.138K -$8.104K -$890.00
YoY Change -11.92% 492.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $1.975M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 228.9K 2.225M 0.000
YoY Change -89.71%
NET CHANGE
Cash From Operating Activities -972.1K -220.2K 329.5K
Cash From Investing Activities -7.138K -8.104K -890.0
Cash From Financing Activities 228.9K 2.225M 0.000
Net Change In Cash -750.3K 1.996M 328.6K
YoY Change -137.58% -467.83% -0.42%
FREE CASH FLOW
Cash From Operating Activities -$972.1K -$220.2K $329.5K
Capital Expenditures $7.138K $8.104K -$890.00
Free Cash Flow -$979.2K -$228.3K $330.4K
YoY Change 328.96% -57.94% 0.12%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q1 mlss Class Of Warrant Or Right Expired Or Cancelled During Period
ClassOfWarrantOrRightExpiredOrCancelledDuringPeriod
CY2019Q1 mlss Class Of Warrant Or Right Expired Or Cancelled During Period
ClassOfWarrantOrRightExpiredOrCancelledDuringPeriod
CY2020Q1 mlss Class Of Warrant Or Right Expired Or Cancelled During Period Exercise Price
ClassOfWarrantOrRightExpiredOrCancelledDuringPeriodExercisePrice
CY2019Q1 mlss Class Of Warrant Or Right Expired Or Cancelled During Period Exercise Price
ClassOfWarrantOrRightExpiredOrCancelledDuringPeriodExercisePrice
CY2020Q1 mlss Class Of Warrant Or Right Issued During Period
ClassOfWarrantOrRightIssuedDuringPeriod
CY2020Q1 mlss Accrued Expenses Related Party
AccruedExpensesRelatedParty
1162607
CY2019Q4 mlss Accrued Expenses Related Party
AccruedExpensesRelatedParty
1057957
CY2005Q1 mlss Additional Percentage Of Director Compensation On Sales Value Using Certain Specify Technology
AdditionalPercentageOfDirectorCompensationOnSalesValueUsingCertainSpecifyTechnology
0.025
CY2005Q1 mlss Additional Percentage Of Director Compensation Sales Value Using Other Kind Of Technology
AdditionalPercentageOfDirectorCompensationSalesValueUsingOtherKindOfTechnology
0.05
CY2020Q1 mlss Class Of Warrant Or Right Exerciable During Period
ClassOfWarrantOrRightExerciableDuringPeriod
613446
CY2019Q1 mlss Class Of Warrant Or Right Exerciable During Period
ClassOfWarrantOrRightExerciableDuringPeriod
3249171
CY2020Q1 mlss Class Of Warrant Or Right Exercisable Exercise Price
ClassOfWarrantOrRightExercisableExercisePrice
0.50
CY2019Q1 mlss Class Of Warrant Or Right Exercisable Exercise Price
ClassOfWarrantOrRightExercisableExercisePrice
1.45
CY2020Q1 mlss Class Of Warrant Or Right Exercised During Period
ClassOfWarrantOrRightExercisedDuringPeriod
460725
CY2019Q1 mlss Class Of Warrant Or Right Exercised During Period
ClassOfWarrantOrRightExercisedDuringPeriod
CY2020Q1 mlss Class Of Warrant Or Right Exercised During Period Exercise Price
ClassOfWarrantOrRightExercisedDuringPeriodExercisePrice
0.50
CY2019Q1 mlss Class Of Warrant Or Right Exercised During Period Exercise Price
ClassOfWarrantOrRightExercisedDuringPeriodExercisePrice
CY2019Q1 mlss Class Of Warrant Or Right Issued During Period
ClassOfWarrantOrRightIssuedDuringPeriod
1749171
CY2020Q1 mlss Class Of Warrant Or Right Issued During Period Exercise Price
ClassOfWarrantOrRightIssuedDuringPeriodExercisePrice
CY2019Q1 mlss Class Of Warrant Or Right Issued During Period Exercise Price
ClassOfWarrantOrRightIssuedDuringPeriodExercisePrice
0.50
CY2020Q1 mlss Common Stock Shares To Be Issued
CommonStockSharesToBeIssued
90000
CY2020Q1 mlss Deferred Compensation Arrangement With Individual Shares Granted
DeferredCompensationArrangementWithIndividualSharesGranted
102768
CY2019Q1 mlss Deferred Compensation Arrangement With Individual Shares Granted
DeferredCompensationArrangementWithIndividualSharesGranted
337145
CY2020Q1 mlss Deferred Profit Related Parties Current
DeferredProfitRelatedPartiesCurrent
340476
CY2019Q4 mlss Deferred Profit Related Parties Current
DeferredProfitRelatedPartiesCurrent
340476
CY2020Q1 mlss Derivative Liability Assumed
DerivativeLiabilityAssumed
CY2019Q1 mlss Derivative Liability Assumed
DerivativeLiabilityAssumed
406045
CY2020Q1 mlss Finitelived Intangible Assets Accumulated Impairment
FinitelivedIntangibleAssetsAccumulatedImpairment
1008856
CY2020Q1 mlss Sharebased Compensation Bonus Paid In Stock
SharebasedCompensationBonusPaidInStock
171046
CY2019Q4 mlss Finitelived Intangible Assets Accumulated Impairment
FinitelivedIntangibleAssetsAccumulatedImpairment
995603
CY2020Q1 mlss Income Loss From Continuing Operations Before Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1612953
CY2019Q1 mlss Income Loss From Continuing Operations Before Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeMinorityInterestAndIncomeLossFromEquityMethodInvestments
-783631
CY2020Q1 mlss Increase Decrease In Accrued Liabilities Related Parties
IncreaseDecreaseInAccruedLiabilitiesRelatedParties
-76406
CY2019Q1 mlss Increase Decrease In Accrued Liabilities Related Parties
IncreaseDecreaseInAccruedLiabilitiesRelatedParties
110215
CY2020Q1 mlss Increase Decrease To Advances To Contract Manufacturer
IncreaseDecreaseToAdvancesToContractManufacturer
65171
CY2019Q1 mlss Increase Decrease To Advances To Contract Manufacturer
IncreaseDecreaseToAdvancesToContractManufacturer
-118669
CY2020Q1 mlss Noncash Portion Of Lease Expense
NoncashPortionOfLeaseExpense
27627
CY2019Q1 mlss Noncash Portion Of Lease Expense
NoncashPortionOfLeaseExpense
CY2020Q1 mlss Operating Lease Right Of Use Asset Incurred
OperatingLeaseRightOfUseAssetIncurred
706251
CY2019Q1 mlss Operating Lease Right Of Use Asset Incurred
OperatingLeaseRightOfUseAssetIncurred
166292
CY2020Q1 mlss Operating Lease Right Of Use Liability
OperatingLeaseRightOfUseLiability
-706251
CY2019Q1 mlss Operating Lease Right Of Use Liability
OperatingLeaseRightOfUseLiability
-166292
CY2015Q2 mlss Operating Leases Monthly Rent Expense
OperatingLeasesMonthlyRentExpense
12522
CY2020Q1 mlss Percentage Of Valuation Allowance
PercentageOfValuationAllowance
1
CY2019Q1 mlss Reclassification Of Warrants And Shares To Be Issued
ReclassificationOfWarrantsAndSharesToBeIssued
-406045
CY2019Q1 mlss Sharebased Compensation Bonus Paid In Stock
SharebasedCompensationBonusPaidInStock
CY2020Q1 mlss Shares Issue To Board Of Directors For Services Rendered
SharesIssueToBoardOfDirectorsForServicesRendered
CY2019Q1 mlss Shares Issue To Board Of Directors For Services Rendered
SharesIssueToBoardOfDirectorsForServicesRendered
7500
CY2020Q1 mlss Shares Issued To Consultants In Lieu Of Cash Payments
SharesIssuedToConsultantsInLieuOfCashPayments
25000
CY2019Q1 mlss Shares Issued To Consultants In Lieu Of Cash Payments
SharesIssuedToConsultantsInLieuOfCashPayments
40000
CY2020Q1 mlss Stock Issued During Period Value Employee Bonuses
StockIssuedDuringPeriodValueEmployeeBonuses
171046
CY2019Q1 mlss Stock Issued During Period Value Employee Bonuses
StockIssuedDuringPeriodValueEmployeeBonuses
61500
CY2020Q1 mlss Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
230362
CY2020Q1 mlss Stock Issued Employees Compensation
StockIssuedEmployeesCompensation
182500
CY2019Q1 mlss Stock Issued Employees Compensation
StockIssuedEmployeesCompensation
7000
CY2020Q1 mlss Stock Issued To Board Of Directors
StockIssuedToBoardOfDirectors
CY2019Q1 mlss Stock Issued To Board Of Directors
StockIssuedToBoardOfDirectors
61500
CY2020Q1 mlss Warrants And Rights Exercisable Intrinsic Value
WarrantsAndRightsExercisableIntrinsicValue
460085
CY2020Q1 mlss Warrants And Rights Exercisable Weighted Average Remaining Term
WarrantsAndRightsExercisableWeightedAverageRemainingTerm
P3Y310D
CY2019Q1 mlss Warrants And Rights Exercisable Weighted Average Remaining Term
WarrantsAndRightsExercisableWeightedAverageRemainingTerm
P2Y343D
CY2020Q1 mlss Warrants And Rights Exercised Intrinsic Value
WarrantsAndRightsExercisedIntrinsicValue
630389
CY2020Q1 mlss Warrants And Rights Issued Intrinsic Value
WarrantsAndRightsIssuedIntrinsicValue
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13253
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13252
CY2020Q1 us-gaap Assets
Assets
6374601
CY2019Q4 us-gaap Assets
Assets
6556289
CY2020Q1 us-gaap Assets Current
AssetsCurrent
5261182
CY2019Q4 us-gaap Assets Current
AssetsCurrent
6093148
CY2018Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.55
CY2019Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.45
CY2019Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1074171
CY2020Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
613446
CY2018Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1500000
CY2019Q1 mlss Warrants And Rights Issued Intrinsic Value
WarrantsAndRightsIssuedIntrinsicValue
CY2020Q1 mlss Warrants And Rights Issued Weighted Average Remaining Term
WarrantsAndRightsIssuedWeightedAverageRemainingTerm
CY2019Q1 mlss Warrants And Rights Issued Weighted Average Remaining Term
WarrantsAndRightsIssuedWeightedAverageRemainingTerm
P4Y310D
CY2019 mlss Warrants And Rights Outstanding Weighted Average Remaining Term
WarrantsAndRightsOutstandingWeightedAverageRemainingTerm
P4Y36D
CY2020Q1 mlss Warrants And Rights Outstanding Weighted Average Remaining Term
WarrantsAndRightsOutstandingWeightedAverageRemainingTerm
P3Y310D
CY2018 mlss Warrants And Rights Outstanding Weighted Average Remaining Term
WarrantsAndRightsOutstandingWeightedAverageRemainingTerm
P354D
CY2019Q1 mlss Warrants And Rights Outstanding Weighted Average Remaining Term
WarrantsAndRightsOutstandingWeightedAverageRemainingTerm
P2Y343D
CY2020Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
1443742
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1379425
CY2020Q1 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
1389319
CY2019Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
1358752
CY2020Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1289538
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1710665
CY2020Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
832329
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
775055
CY2020Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
96553976
CY2019Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
96082324
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
30715
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
56988
CY2020Q1 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
775833
CY2019Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
710662
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
10000
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
10000
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
765975
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1516272
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1996271
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2739700
CY2020Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-750297
CY2019Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2035826
CY2019Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.50
CY2020Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.50
CY2019Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
3249171
CY2020Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000
CY2020Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49893534
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49410176
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49376843
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49376843
CY2020Q1 us-gaap Common Stock Value
CommonStockValue
49893
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
49410
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
527250
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
618694
CY2019Q4 us-gaap Deferred Compensation Arrangement With Individual Shares Authorized For Issuance
DeferredCompensationArrangementWithIndividualSharesAuthorizedForIssuance
23757603
CY2018Q4 us-gaap Deferred Compensation Arrangement With Individual Shares Authorized For Issuance
DeferredCompensationArrangementWithIndividualSharesAuthorizedForIssuance
2470565
CY2020Q1 us-gaap Deferred Compensation Arrangement With Individual Shares Authorized For Issuance
DeferredCompensationArrangementWithIndividualSharesAuthorizedForIssuance
24665339
CY2019Q1 us-gaap Deferred Compensation Arrangement With Individual Shares Authorized For Issuance
DeferredCompensationArrangementWithIndividualSharesAuthorizedForIssuance
2807710
CY2020Q1 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
11995
CY2019Q1 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
CY2020Q1 us-gaap Depreciation
Depreciation
23966
CY2019Q1 us-gaap Depreciation
Depreciation
12792
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
37219
CY2019Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
26045
CY2019Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGain
40000
CY2020Q1 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0
CY2020Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
64317
CY2019Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-6772
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-421127
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-465710
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
41800
CY2020Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
7279
CY2020Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
34521
CY2020Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2252
CY2019Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-369007
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-382260
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1377863
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1377863
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1612703
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-779166
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9564
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
369007
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
382260
CY2020Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
CY2019Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
40260
CY2020Q1 us-gaap Gross Profit
GrossProfit
1284136
CY2019Q1 us-gaap Gross Profit
GrossProfit
1297215
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
250
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4465
CY2020Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
30567
CY2019Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-263043
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
181410
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-50000
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
255426
CY2019Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
182638
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
CY2019Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-50000
CY2020Q1 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
CY2019Q1 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-25398
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
102316
CY2019Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-59760
CY2020Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-11755
CY2019Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-9523
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
165032
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
113
CY2019Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1019
CY2020Q1 us-gaap Inventory Net
InventoryNet
1722825
CY2019Q4 us-gaap Inventory Net
InventoryNet
1620509
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
768000
CY2020Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
768000
CY2020Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
92859
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
99885
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-10443
CY2020Q1 us-gaap Liabilities
Liabilities
5886772
CY2019Q4 us-gaap Liabilities
Liabilities
4927642
CY2020Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6374601
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6556289
CY2020Q1 us-gaap Liabilities Current
LiabilitiesCurrent
5240233
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4927642
CY2020Q1 us-gaap Minority Interest
MinorityInterest
-80012
CY2019Q4 us-gaap Minority Interest
MinorityInterest
-67274
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
228920
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2224546
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7138
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8104
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-971079
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-220171
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-1600215
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-782752
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-12738
CY2020Q1 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
60
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2020Q1 us-gaap Operating Expenses
OperatingExpenses
2892742
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
2115396
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1608606
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-818181
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
677052
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
65034
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15924
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
612018
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
17264
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
39555
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
649425
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15924
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P146D
CY2020Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
24150
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
35905
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4210
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2264
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7138
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8104
CY2020Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
707011
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
519063
CY2020Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt 14.7pt 0pt 0pt; text-align: left;"><div style="display: inline; font-weight: bold; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font: inherit;">3.</div>&nbsp;&nbsp;</div><div style="display: inline; font-weight: bold;">Reclassifications</div></div> <div style=" margin: 0pt 14.7pt 0pt 0pt; text-align: left;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:14.7pt;margin-top:0pt;text-align:left;">Certain reclassification has&nbsp;been made to the <div style="display: inline; font-style: italic; font: inherit;">2019</div>&nbsp;financial statements to conform to the condensed&nbsp;consolidated <div style="display: inline; font-style: italic; font: inherit;">2020</div>&nbsp;financial statement presentation. These reclassifications had <div style="display: inline; font-style: italic; font: inherit;">no</div> effect on net loss or cash flows as previously reported.</div></div></div></div></div>
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1974546
CY2019Q1 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
250000
CY2014Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
10000000
CY2020Q1 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
CY2019Q1 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
250000
CY2020Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
230362
CY2019Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-1612953
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-793195
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
29961
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
44976
CY2020Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
107480
CY2019Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6346
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1811386
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1915909
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
43242
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-95124512
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-93524297
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
663009
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
166292
CY2020Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2785262
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2109050
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
30715
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
56988
CY2020Q1 us-gaap Share Price
SharePrice
0.33
CY2020Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
25000
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
15012
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7500
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
567841
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1695921
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1628647
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
487829
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1528208
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2726502
CY2020Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
33333
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
33333
CY2020Q1 us-gaap Treasury Stock Value
TreasuryStockValue
911516
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
911516
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:14.7pt;margin-top:0pt;text-align:left;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">4.</div>&nbsp; Use of Estimates</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:14.7pt;margin-top:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:14.7pt;margin-top:0pt;text-align:left;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions in determining the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to the allowance for doubtful accounts, inventory valuation, and cash flow assumptions regarding evaluations for impairment of long-lived assets and going concern considerations, and valuation allowances on deferred tax assets. Actual results could differ from those estimates.</div></div></div></div></div>
CY2019Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
956012
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49730252
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40531762
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49730252
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40531762

Files In Submission

Name View Source Status
0001437749-20-011007-index-headers.html Edgar Link pending
0001437749-20-011007-index.html Edgar Link pending
0001437749-20-011007.txt Edgar Link pending
0001437749-20-011007-xbrl.zip Edgar Link pending
ex_181709.htm Edgar Link pending
ex_181710.htm Edgar Link pending
ex_181711.htm Edgar Link pending
ex_181714.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
mlss-20200331.xml Edgar Link completed
mlss-20200331.xsd Edgar Link pending
mlss-20200331_cal.xml Edgar Link unprocessable
mlss-20200331_def.xml Edgar Link unprocessable
mlss-20200331_lab.xml Edgar Link unprocessable
mlss-20200331_pre.xml Edgar Link unprocessable
mlss20200331_10q.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending