Lightwave Logic, Inc.
For the period ended Dec 31, 2025. Filed Mar 20, 2026.
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.
FY2025 · Filed Mar 20, 2026
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
| 2025 | 2024 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(20,313,797) | $(22,535,041) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Stock options issued for services | 2,051,204 | 4,440,003 |
| Amortization of deferred compensation | 551,466 | 446,628 |
| Performance stock units issued for services | 801,595 | — |
| Restricted stock units issued for services | 1,278,403 | — |
| Common stock issued for commitment shares | 370,311 | 154,210 |
| Depreciation and amortization of patents | 1,903,368 | 1,682,760 |
| Amortization of right of use asset | 205,354 | 192,487 |
| Loss on disposal of property and equipment and intangible assets | 25,152 | 213,440 |
| (Increase) decrease in assets | ||
| Accounts receivable | (145,188) | (15,189) |
| Prepaid expenses and other current assets | (199,360) | 835,880 |
| (Decrease) increase in liabilities | ||
| Accounts payable | (38,016) | (931,641) |
| Accrued bonuses, accrued expenses and other liabilities | 89,807 | 277,735 |
| Accounts payable and accrued expenses-related parties | (144,529) | (112,704) |
| Contract liability | (16,667) | (16,667) |
| Deferred lease liability | — | (38,297) |
| Operating lease liability | (168,289) | (144,119) |
| Net cash used in operating activities | (13,749,186) | (15,550,515) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Cost of intangibles | (485,429) | (430,501) |
| Purchase of property and equipment | (1,331,773) | (2,267,398) |
| Net cash used in investing activities | (1,817,202) | (2,697,899) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Exercise of options and warrants | 355,583 | 337,350 |
| Cashless option exercise tax payments | (171,925) | — |
| Tax payment on net settlement of vested restricted stock awards | (12,875) | — |
| Issuance of common stock, institutional investor | 5,133,638 | 12,366,965 |
| Issuance of common stock to investment bank | 32,825,700 | — |
| Common stock sales at the market by investment banking company | 18,785,657 | 1,779,976 |
| Net cash provided by financing activities | 56,915,778 | 14,484,291 |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | 41,349,390 | (3,764,123) |
| CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD | 27,667,964 | 31,432,087 |
| CASH AND CASH EQUIVALENTS - END OF PERIOD | $69,017,354 | $27,667,964 |
| Supplemental Disclosure of Non-cash activities: | ||
| Options issued to settle accrued bonuses | $48,068 | $— |
| Trade-in credit for purchase of property and equipment | $28,800 | $— |
| Restricted stock awards issued for services | $169,846 | $671,069 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.