Lightwave Logic, Inc.
For the period ended Dec 31, 2024. Filed Mar 18, 2025.
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.
FY2024 · Filed Mar 18, 2025
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
BALANCE SHEETS
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $27,667,964 | $31,432,087 |
| Accounts Receivable | 45,565 | 30,376 |
| Prepaid expenses and other current assets | 401,741 | 1,237,621 |
| TOTAL CURRENT ASSETS | 28,115,270 | 32,700,084 |
| PROPERTY AND EQUIPMENT - net of accumulated depreciation of $6,037,723 and $4,674,560 | 5,691,545 | 4,990,790 |
| OTHER ASSETS | ||
| Intangible assets - net of accumulated amortization of $771,631 and $659,250 | 1,355,445 | 1,254,501 |
| Operating Lease - Right of Use - Building | 2,645,723 | 2,838,210 |
| TOTAL OTHER ASSETS | 4,001,168 | 4,092,711 |
| TOTAL ASSETS | $37,807,983 | $41,783,585 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $515,955 | $1,447,596 |
| Accrued bonuses and accrued expenses | 877,165 | 599,430 |
| Accounts payable and accrued expenses - related parties | 200,779 | 313,483 |
| Contract liability | 23,208 | 39,875 |
| Deferred lease liability | — | 38,297 |
| Operating lease liability | 168,289 | 144,120 |
| TOTAL CURRENT LIABILITIES | 1,785,396 | 2,582,801 |
| LONG TERM LIABILITIES | ||
| Operating lease liability | 2,598,682 | 2,766,970 |
| TOTAL LONG TERM LIABILITIES | 2,598,682 | 2,766,970 |
| TOTAL LIABILITIES | 4,384,078 | 5,349,771 |
| 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, 123,301,653 and 118,137,309 issued and outstanding at December 31, 2024 and December 31, 2023 | 123,302 | 118,137 |
| Additional paid-in-capital | 184,363,772 | 164,619,363 |
| Deferred compensation | (656,735) | (432,293) |
| Accumulated deficit | (150,406,434) | (127,871,393) |
| TOTAL STOCKHOLDERS' EQUITY | 33,423,905 | 36,433,814 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $37,807,983 | $41,783,585 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.