$MLSS
MILESTONE SCIENTIFIC INC.

2014 Q2 Form 10-Q Financial Statement

#000156459014003639 Filed on August 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q4 2013 Q2
Revenue $2.507M $2.800M $2.280M
YoY Change 9.95% 23.35% -2.15%
Cost Of Revenue $912.4K $960.0K $740.0K
YoY Change 23.3% 5.49% -12.94%
Gross Profit $1.595M $1.830M $1.530M
YoY Change 4.22% 34.56% 4.08%
Gross Profit Margin 63.6% 65.36% 67.11%
Selling, General & Admin $1.518M $1.490M $1.340M
YoY Change 13.27% -6.88% -10.07%
% of Gross Profit 95.19% 81.42% 87.58%
Research & Development $29.17K $10.00K $40.00K
YoY Change -27.09% -75.0% 0.0%
% of Gross Profit 1.83% 0.55% 2.61%
Depreciation & Amortization $30.00K $30.00K $30.00K
YoY Change 0.0% 0.0% 50.0%
% of Gross Profit 1.88% 1.64% 1.96%
Operating Expenses $1.547M $1.510M $1.390M
YoY Change 11.3% -8.48% -9.15%
Operating Profit $47.51K $320.0K $140.0K
YoY Change -66.07% -210.34% -333.33%
Interest Expense $635.00 $690.0K $30.01K
YoY Change -97.88% -962.5% -127.28%
% of Operating Profit 1.34% 215.63% 21.44%
Other Income/Expense, Net -$217.0K $0.00 $77.10K
YoY Change -381.39% -30.5%
Pretax Income -$169.5K $1.020M $70.00K
YoY Change -342.08% -375.68% -143.75%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings -$169.5K $1.020M $74.01K
YoY Change -328.97% -375.68% -144.98%
Net Earnings / Revenue -6.76% 36.43% 3.25%
Basic Earnings Per Share -$0.01 $0.00
Diluted Earnings Per Share -$0.01 $58.72K $0.00
COMMON SHARES
Basic Shares Outstanding 20.25M shares 16.74M
Diluted Shares Outstanding 20.25M shares 17.06M

Balance Sheet

Concept 2014 Q2 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.62M $1.150M $170.0K
YoY Change 6147.06% 576.47% 41.67%
Cash & Equivalents $1.122M $1.147M $171.6K
Short-Term Investments $9.500M
Other Short-Term Assets $160.0K $150.0K $160.0K
YoY Change 0.0% -37.5% -46.67%
Inventory $3.420M $1.322M $857.1K
Prepaid Expenses
Receivables $1.440M $1.533M $1.061M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $15.64M $4.880M $2.760M
YoY Change 466.77% 95.28% -6.77%
LONG-TERM ASSETS
Property, Plant & Equipment $40.00K $23.99K $30.64K
YoY Change 30.55% -34.5% -23.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $800.0K $42.08K $50.00K
YoY Change 1500.0%
Other Assets $10.00K $12.92K $7.317K
YoY Change 36.67% 76.53% -91.87%
Total Long-Term Assets $1.620M $3.176M $2.878M
YoY Change -43.72% 0.42% -12.78%
TOTAL ASSETS
Total Short-Term Assets $15.64M $4.880M $2.760M
Total Long-Term Assets $1.620M $3.176M $2.878M
Total Assets $17.26M $8.055M $5.638M
YoY Change 206.15% 42.29% -9.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $980.0K $2.020M $1.506M
YoY Change -34.92% -13.53% -51.27%
Accrued Expenses $750.0K $520.0K $410.0K
YoY Change 82.93% 44.44% -50.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.950M $2.536M $2.526M
YoY Change -22.79% -22.57% -35.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $450.0K
YoY Change -100.0% -100.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $450.0K
YoY Change -100.0% -100.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.950M $2.536M $2.526M
Total Long-Term Liabilities $0.00 $0.00 $450.0K
Total Liabilities $1.950M $2.540M $2.976M
YoY Change -34.47% -31.8% -31.91%
SHAREHOLDERS EQUITY
Retained Earnings -$61.51M
YoY Change
Common Stock $66.70M $65.08M
YoY Change 3.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $911.5K
YoY Change
Treasury Stock Shares $33.33K $33.33K $33.33K
Shareholders Equity $15.31M $5.520M $2.662M
YoY Change
Total Liabilities & Shareholders Equity $17.26M $8.055M $5.638M
YoY Change 206.15% 42.29% -9.94%

Cashflow Statement

Concept 2014 Q2 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income -$169.5K $1.020M $74.01K
YoY Change -328.97% -375.68% -144.98%
Depreciation, Depletion And Amortization $30.00K $30.00K $30.00K
YoY Change 0.0% 0.0% 50.0%
Cash From Operating Activities -$110.0K $820.0K $90.00K
YoY Change -222.22% -920.0% 800.0%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$10.00K -$10.00K
YoY Change 100.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$9.620M -$220.0K -$50.00K
YoY Change 19140.0%
Cash From Investing Activities -$9.640M -$230.0K -$60.00K
YoY Change 15966.67% 500.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.460M 160.0K 10.00K
YoY Change 94500.0%
NET CHANGE
Cash From Operating Activities -110.0K 820.0K 90.00K
Cash From Investing Activities -9.640M -230.0K -60.00K
Cash From Financing Activities 9.460M 160.0K 10.00K
Net Change In Cash -290.0K 750.0K 40.00K
YoY Change -825.0% -850.0% -733007751850666800.0%
FREE CASH FLOW
Cash From Operating Activities -$110.0K $820.0K $90.00K
Capital Expenditures -$20.00K -$10.00K -$10.00K
Free Cash Flow -$90.00K $830.0K $100.0K
YoY Change -190.0% -930.0% 400.0%

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Files In Submission

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