Note Q - Subsequent Events

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE Q

— SUBSEQUENT EVENTS

In

January

2017,

in connection with Milestone Scientific public offering of shares in

December

2016,

the underwriter of the offering exercised a portion of its over-allotment option and purchased an additional

123,700

shares of common stock at the public offering price of

$1.499

per share. The gross proceeds to Milestone Scientific from this exercise was approximately

$186,000

before deducting underwriting discounts and commissions and other offering expenses.

In Janu

ary

2017,

Milestone Scientific continued its Milestone Medical exchange program and exchanged

1,065,084

shares of Milestone Medical shares for

532,542

shares of Milestone Scientific common stock. Giving effect to the exchange, Milestone Scientific now owns approximately

96%

of the shares in Milestone Medical.

In

February

2017,

the Company issued a purchase order to its supplier for

2,000

STA instruments in the amount of

$1.4

million which are expected to be delivered beginning in the

third

quarter of

2017.