Lightwave Logic Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
LWLG$4.37+14.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
BALANCE SHEETS
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $31,432,087 | $24,102,151 |
| Accounts Receivable | 30,376 | — |
| Prepaid expenses and other current assets | 1,237,621 | 611,345 |
| Loan receivable | — | 642,120 |
| TOTAL CURRENT ASSETS | 32,700,084 | 25,355,616 |
| PROPERTY AND EQUIPMENT - NET | 4,990,790 | 2,519,267 |
| OTHER ASSETS | ||
| Intangible assets - net | 1,254,501 | 1,030,335 |
| Operating Lease - Right of Use - Building | 2,838,210 | 358,254 |
| TOTAL OTHER ASSETS | 4,092,711 | 1,388,589 |
| TOTAL ASSETS | $41,783,585 | $29,263,472 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $1,447,596 | $791,671 |
| Accrued bonuses and accrued expenses | 599,430 | 380,280 |
| Accounts payable and accrued expenses - related parties | 313,483 | 100,169 |
| Deferred revenue | 39,875 | — |
| Deferred lease liability | 38,297 | 41,778 |
| Operating lease liability | 144,120 | 190,125 |
| TOTAL CURRENT LIABILITIES | 2,582,801 | 1,504,023 |
| LONG TERM LIABILITIES | ||
| Deferred lease liability | — | 38,297 |
| Operating lease liability | 2,766,970 | 168,129 |
| TOTAL LONG TERM LIABILITIES | 2,766,970 | 206,426 |
| TOTAL LIABILITIES | 5,349,771 | 1,710,449 |
| STOCKHOLDERS' EQUITY | ||
| Preferred stock, $0.001 par value, 1,000,000 authorized, no shares issued or outstanding | — | — |
| Common stock $0.001 par value, 250,000,000 authorized,118,137,309 and 112,882,793 issued and outstanding at December 31, 2023 and December 31, 2022 | 118,137 | 112,883 |
| Additional paid-in-capital | 164,619,363 | 134,406,825 |
| Deferred compensation | (432,293) | (133,324) |
| Accumulated deficit | (127,871,393) | (106,833,361) |
| TOTAL STOCKHOLDERS' EQUITY | 36,433,814 | 27,553,023 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $41,783,585 | $29,263,472 |
The accompanying notes are an integral part of these financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.