MILESTONE SCIENTIFIC INC. | ||||
CONDENSED STATEMENTS OF OPERATIONS | ||||
(Unaudited) | ||||
Three Months Ended March 31, | ||||
2011 | 2010 | |||
Product sales, net | $ 2,425,988 | $ 2,562,578 | ||
Cost of products sold | 879,588 | 900,712 | ||
Gross profit | 1,546,400 | 1,661,866 | ||
Selling, general and administrative expenses | 1,624,255 | 1,541,702 | ||
Research and development expenses | 43,718 | 88,464 | ||
Total operating expenses | 1,667,973 | 1,630,166 | ||
(Loss) income from operations | (121,573) | 31,700 | ||
Other (expense) income | ||||
Other income | - | 61,916 | ||
Interest expense | (19,386) | (9,343) | ||
Amortization of debt issuance | (699) | (699) | ||
Interest income | 14 | 348 | ||
Total other (expenses) income | (20,071) | 52,222 | ||
Net (loss) income applicable to common stockholders | $ (141,644) | $ 83,922 | ||
Net (loss) income per share applicable to common stockholders - | ||||
Basic | $ (0.01) | $ 0.01 | ||
Diluted | $ (0.01) | $ 0.01 | ||
Weighted average shares outstanding and to be issued - | ||||
Basic | 14,875,541 | 13,875,278 | ||
Diluted | 14,875,541 | 14,320,821 | ||
