Lightwave Logic, Inc.
For the period ended Dec 31, 2025. Filed Mar 20, 2026.
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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.
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.
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STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Restated
| Number of Shares | Common Stock | Additional Paid-in Capital | Deferred Compensation | Accumulated Deficit | Total | |
|---|---|---|---|---|---|---|
| BALANCE AT DECEMBER 31, 2024 (as restated) | 123,301,653 | $123,302 | $180,956,329 | $(656,735) | $(146,998,991) | $33,423,905 |
| Common stock issued to institutional investor | 3,085,881 | 3,086 | 5,130,552 | — | — | 5,133,638 |
| Common stock issued for commitment shares | 309,730 | 309 | 370,002 | — | — | 370,311 |
| Common stock sales at the market by investment banking company | 5,885,853 | 5,886 | 18,779,771 | — | — | 18,785,657 |
| Common stock issued to investment bank | 11,666,667 | 11,667 | 32,814,033 | — | — | 32,825,700 |
| Exercise of options | 374,012 | 374 | 280,209 | — | — | 280,583 |
| Cashless exercise of 1,350,000 options | 434,148 | 434 | (172,359) | — | — | (171,925) |
| Exercise of warrants | 125,000 | 125 | 74,875 | — | — | 75,000 |
| Options issued for services | — | — | 2,051,204 | — | — | 2,051,204 |
| Options issued to settle accrued bonuses | — | — | 48,068 | — | — | 48,068 |
| Performance stock units (PSUs) issued for services, net of share settlement for taxes | 394,076 | 394 | 320,098 | — | — | 320,492 |
| Restricted stock units (RSUs) issued for services | 340,757 | 341 | 1,278,062 | — | — | 1,278,403 |
| Restricted stock awards issued for services, net of forfeitures and share settlement for taxes | 132,729 | 133 | 85,181 | (98,189) | — | (12,875) |
| Deferred compensation | — | — | — | 551,466 | — | 551,466 |
| Net loss for the year ended December 31, 2025 | — | — | — | — | (20,313,797) | (20,313,797) |
| BALANCE AT DECEMBER 31, 2025 | 146,050,506 | $146,051 | $242,016,025 | $(203,458) | $(167,312,788) | $74,645,830 |
| Number of Shares | Common Stock | Additional Paid-in Capital | Deferred Compensation | Accumulated Deficit | Total | |
|---|---|---|---|---|---|---|
| BALANCE AT DECEMBER 31, 2023 (as restated) (see Note 2) | 118,137,309 | $118,137 | $161,211,920 | $(432,293) | $(124,463,950) | $36,433,814 |
| Common stock issued to institutional investor | 3,850,000 | 3,850 | 12,363,115 | — | — | 12,366,965 |
| Common stock issued for commitment shares | 41,956 | 42 | 154,168 | — | — | 154,210 |
| Common stock sales at the market by investment banking company | 551,501 | 552 | 1,779,424 | — | — | 1,779,976 |
| Exercise of options | 375,000 | 375 | 245,725 | — | — | 246,100 |
| Exercise of warrants | 119,000 | 119 | 91,131 | — | — | 91,250 |
| Options issued for services | — | — | 4,440,003 | — | — | 4,440,003 |
| Restricted stock awards issued for services | 226,887 | 227 | 670,843 | (671,070) | — | — |
| Deferred compensation | — | — | — | 446,628 | — | 446,628 |
| Net loss for the year ended December 31, 2024 | — | — | — | — | (22,535,041) | (22,535,041) |
| BALANCE AT DECEMBER 31, 2024 (as restated) | 123,301,653 | $123,302 | $180,956,329 | $(656,735) | $(146,998,991) | $33,423,905 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.