Lightwave Logic, Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
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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, 2026 · Filed May 15, 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 CASH FLOWS
| 2026 | 2025 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(6,300,540) | $(4,697,024) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Stock options issued for services | 331,530 | 749,042 |
| Amortization of deferred compensation | 43,266 | 230,150 |
| Restricted stock units issued for services | 1,342,733 | — |
| Cashless option exercise | — | 20,500 |
| Common stock issued for commitment shares | — | 8,029 |
| Depreciation and amortization of patents | 496,358 | 454,960 |
| Amortization of right of use asset | 53,577 | 50,043 |
| (Gain) loss on disposal of property and equipment and intangible assets | 36,409 | (28,800) |
| (Increase) decrease in assets | ||
| Accounts receivable | (25,000) | 26,815 |
| Prepaid expenses and other current assets | (582,353) | (86,608) |
| (Decrease) increase in liabilities | ||
| Accounts payable | 301,777 | 41,511 |
| Accrued bonuses and accrued expenses | 347,951 | (271,457) |
| Accounts payable and accrued expenses-related parties | (56,250) | 56,945 |
| Contract liability | (4,166) | (4,167) |
| Operating lease liability | (46,471) | (40,070) |
| Net cash used in operating activities | (4,061,179) | (3,490,131) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Cost of intangibles | (170,944) | (45,878) |
| Purchase of property and equipment | (450,466) | (853,544) |
| Net cash used in investing activities | (621,410) | (899,422) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Exercise of options | 1,862,119 | 163,500 |
| Tax payment on net issuance of vested restricted stock units | (2,088,366) | — |
| Tax payment on net issuance of performance stock units | (481,103) | — |
| Issuance of common stock, institutional investor | — | 1,486,983 |
| Issuance of common stock to investment bank | 4,930,928 | — |
| Common stock sales at the market by investment banking company | 6,544,407 | 116,435 |
| Net cash provided by financing activities | 10,767,985 | 1,766,918 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 6,085,396 | (2,622,635) |
| CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD | 69,017,354 | 27,667,964 |
| CASH AND CASH EQUIVALENTS - END OF PERIOD | $75,102,750 | $25,045,329 |
| 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 | $— | $30,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.