Lightwave Logic Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
LWLG$4.91+12.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023
| For the Nine | For the Nine | |
|---|---|---|
| Months Ended | Months Ended | |
| September 30, 2024 | September 30, 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(17,000,508) | $(16,098,356) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Stock options issued for services | 3,468,243 | 5,085,114 |
| Amortization of deferred compensation | 304,937 | 198,253 |
| Common stock issued for commitment shares | 121,833 | 607,728 |
| Depreciation and amortization of patents | 1,240,639 | 797,500 |
| Amortization of right of use asset | 143,239 | 138,502 |
| Loss on disposal of property and equipment and intangible assets | 213,440 | 581 |
| Decrease in assets | ||
| Accounts receivable | 3,562 | — |
| Prepaid expenses and other current assets | 675,537 | 87,058 |
| (Decrease) increase in liabilities | ||
| Accounts payable | (997,846) | (362,151) |
| Accrued bonuses, accrued expenses and other liabilities | (299,994) | (259,146) |
| Accounts payable and accrued expenses-related parties | (136,738) | (8,557) |
| Contract liability | (12,500) | 50,000 |
| Deferred lease liability | (31,333) | (31,334) |
| Operating lease liability | (106,733) | (118,990) |
| Net cash used in operating activities | (12,414,222) | (9,913,798) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Cost of intangibles | (343,233) | (215,061) |
| Purchase of property and equipment | (1,935,416) | (1,813,813) |
| Repayment of loan | — | 642,120 |
| Sale of property and equipment | — | 590 |
| Net cash used in investing activities | (2,278,649) | (1,386,164) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Exercise of options and warrants | 252,450 | 632,074 |
| Issuance of common stock, institutional investor | 9,175,900 | 16,063,909 |
| Common stock sales at the market by investment banking company | 714,901 | 1,378,474 |
| Net cash provided by financing activities | 10,143,251 | 18,074,457 |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (4,549,620) | 6,774,495 |
| CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD | 31,432,087 | 24,102,151 |
| CASH AND CASH EQUIVALENTS - END OF PERIOD | $26,882,467 | $30,876,646 |
| Supplemental Disclosure of Non-cash investing and financing activities: | ||
| Amended Operating Lease - Right of Use - Building and Operating lease liability | $2,703,527 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.