Lightwave Logic, Inc.
For the period ended Dec 31, 2024. Filed Mar 18, 2025.
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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.
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STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023
| 2024 | 2023 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(22,535,041) | $(21,038,032) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Stock options issued for services | 4,440,003 | 6,459,387 |
| Amortization of deferred compensation | 446,628 | 262,697 |
| Common stock issued for commitment shares | 154,210 | 673,578 |
| Depreciation and amortization of patents | 1,682,760 | 1,119,141 |
| Amortization of right of use asset | 192,487 | 184,835 |
| Loss (gain) on disposal of property and equipment and intangible assets | 213,440 | (215,509) |
| Decrease (increase) in assets | ||
| Accounts receivable | (15,189) | (30,376) |
| Prepaid expenses and other current assets | 835,880 | (587,540) |
| (Decrease) increase in liabilities | ||
| Accounts payable | (931,641) | 655,925 |
| Accrued bonuses, accrued expenses and other liabilities | 277,735 | 219,150 |
| Accounts payable and accrued expenses-related parties | (112,704) | 213,314 |
| Contract liability | (16,667) | 39,875 |
| Deferred lease liability | (38,297) | (41,778) |
| Operating lease liability | (144,119) | (150,691) |
| Net cash used in operating activities | (15,550,515) | (12,236,024) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Cost of intangibles | (430,501) | (307,687) |
| Purchase of property and equipment | (2,267,398) | (3,292,224) |
| Repayment of loan | — | 642,120 |
| Sale of property and equipment | — | 590 |
| Net cash used in investing activities | (2,697,899) | (2,957,201) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Exercise of options and warrants | 337,350 | 1,013,924 |
| Issuance of common stock, institutional investor | 12,366,965 | 19,993,359 |
| Common stock sales at the market by investment banking company | 1,779,976 | 1,515,878 |
| Net cash provided by financing activities | 14,484,291 | 22,523,161 |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (3,764,123) | 7,329,936 |
| CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR | 31,432,087 | 24,102,151 |
| CASH AND CASH EQUIVALENTS - END OF YEAR | $27,667,964 | $31,432,087 |
| 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.