Lightwave Logic Inc
For the period ended Mar 31, 2024. Filed May 10, 2024.
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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.
Mar 31, 2024 · Filed May 10, 2024
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 Three | For the Three | |
|---|---|---|
| Months Ending | Months Ending | |
| March 31, 2024 | March 31, 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(5,679,911) | $(5,476,018) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Stock options issued for services | 626,512 | 1,795,842 |
| Amortization of deferred compensation | 64,199 | 73,498 |
| Common stock issued for services and fees | 76,977 | 361,694 |
| Depreciation and amortization of patents | 386,498 | 275,276 |
| Amortization of right of use asset | 47,011 | 46,381 |
| Loss on disposal of property and equipment | 3,166 | — |
| (Increase) decrease in assets | ||
| Accounts receivable | (26,384) | — |
| Prepaid expenses and other current assets | 540,932 | (91,853) |
| (Decrease) increase in liabilities | ||
| Accounts payable | (447,102) | (427,132) |
| Accrued bonuses, accrued expenses and other liabilities | (99,381) | (248,151) |
| Accounts payable and accrued expenses-related parties | (215,886) | (1,367) |
| Deferred revenue | (4,167) | — |
| Deferred lease liability | (10,445) | (10,445) |
| Operating lease liability | (34,227) | (46,381) |
| Net cash used in operating activities | (4,772,208) | (3,748,656) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Cost of intangibles | (53,097) | (106,475) |
| Purchase of property and equipment | (775,377) | (246,053) |
| Repayment of loan | — | 642,120 |
| Net cash (used in) provided by investing activities | (828,474) | 289,592 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Exercise of options and warrants | 194,850 | 25,750 |
| Issuance of common stock, institutional investor | 5,152,350 | 5,499,377 |
| Common stock sales at the market by investment banking company | 330,453 | — |
| Net cash provided by financing activities | 5,677,653 | 5,525,127 |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 76,971 | 2,066,063 |
| CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD | 31,432,087 | 24,102,151 |
| CASH AND CASH EQUIVALENTS - END OF PERIOD | $31,509,058 | $26,168,214 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.