$LWLG
Lightwave Logic, Inc. Stock $lwlg

$lwlg Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000107997323000650 Filed on May 10, 2023

Income Statement

Concept	2023 Q2	2023 Q1	2022 Q1
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit	$0.00	$0.00
YoY Change
Gross Profit Margin
Selling, General & Admin	$1.175M	$1.360M	$885.4K
YoY Change	18.99%	53.62%	61.51%
% of Gross Profit
Research & Development	$4.166M	$3.800M	$2.625M
YoY Change	49.79%	44.74%	94.81%
% of Gross Profit
Depreciation & Amortization	$236.4K	$255.9K	$244.2K
YoY Change	-6.32%	4.81%	40.32%
% of Gross Profit
Operating Expenses	$4.166M	$3.800M	$3.511M
YoY Change	10.56%	8.24%	85.18%
Operating Profit	-$5.341M	-$5.160M	-$3.511M
YoY Change	41.73%	46.98%	85.18%
Interest Expense	$220.7K	$361.7K	-$45.19K
YoY Change	-744.66%	-900.39%	-81.92%
% of Operating Profit
Other Income/Expense, Net		$7.734K
YoY Change
Pretax Income	-$5.458M	-$5.476M	-$3.556M
YoY Change	43.53%	54.0%	104.94%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$5.458M	-$5.476M	-$3.556M
YoY Change	43.53%	54.0%	104.94%
Net Earnings / Revenue
Basic Earnings Per Share	-$0.05	-$0.05	-$0.03
Diluted Earnings Per Share	-$0.05	-$0.05	-$32.07K
COMMON SHARES
Basic Shares Outstanding	114.4M shares	113.2M shares	110.9M shares
Diluted Shares Outstanding	114.9M shares	113.3M shares	110.9M shares

Balance Sheet

Concept	2023 Q2	2023 Q1	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$32.64M	$26.17M	$24.34M
YoY Change	31.44%	7.52%	273.19%
Cash & Equivalents	$32.64M	$26.17M	$24.34M
Short-Term Investments
Other Short-Term Assets	$812.8K	$703.2K	$214.2K
YoY Change	3.77%	228.26%	-5.33%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$33.45M	$26.87M	$24.55M
YoY Change	30.59%	9.45%	263.85%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.004M	$2.509M	$2.632M
YoY Change	17.93%	-4.67%	20.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$7.103M	$3.939M	$3.498M
YoY Change	109.29%	12.6%	-6.7%
TOTAL ASSETS
Total Short-Term Assets	$33.45M	$26.87M	$24.55M
Total Long-Term Assets	$7.103M	$3.939M	$3.498M
Total Assets	$40.55M	$30.81M	$28.05M
YoY Change	39.8%	9.84%	167.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$422.0K	$364.5K	$396.2K
YoY Change	26.66%	-7.99%	266.02%
Accrued Expenses	$187.8K	$325.4K	$251.3K
YoY Change	-27.93%	29.49%	27.51%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$917.6K	$830.5K	$849.0K
YoY Change	26.74%	-2.18%	124.72%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$2.858M	$146.5K	$381.5K
YoY Change	782.44%	-61.6%	-36.88%
Total Long-Term Liabilities	$2.858M	$146.5K	$381.5K
YoY Change	782.44%	-61.6%	-36.88%
TOTAL LIABILITIES
Total Short-Term Liabilities	$917.6K	$830.5K	$849.0K
Total Long-Term Liabilities	$2.858M	$146.5K	$381.5K
Total Liabilities	$3.776M	$977.0K	$1.230M
YoY Change	260.34%	-20.6%	25.28%
SHAREHOLDERS EQUITY
Retained Earnings	-$117.8M	-$112.3M
YoY Change
Common Stock	$155.1M	$142.7M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$36.78M	$29.83M	$26.82M
YoY Change
Total Liabilities & Shareholders Equity	$40.55M	$30.81M	$28.05M
YoY Change	39.8%	9.84%	167.22%

Cashflow Statement

Concept	2023 Q2	2023 Q1	2022 Q1
OPERATING ACTIVITIES
Net Income	-$5.458M	-$5.476M	-$3.556M
YoY Change	43.53%	54.0%	104.94%
Depreciation, Depletion And Amortization	$236.4K	$255.9K	$244.2K
YoY Change	-6.32%	4.81%	40.32%
Cash From Operating Activities	-$3.255M	-$3.749M	-$2.546M
YoY Change	20.59%	47.26%	103.1%
INVESTING ACTIVITIES
Capital Expenditures	$803.3K	$246.1K	-$222.0K
YoY Change	-517.11%	-210.84%	-145.64%
Acquisitions
YoY Change
Other Investing Activities	$590.00	$642.1K
YoY Change
Cash From Investing Activities	-$802.7K	$289.6K	-$222.0K
YoY Change	316.81%	-230.45%	-55.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	10.53M	$5.525M	3.673M
YoY Change	211.0%	50.44%	-25.98%
NET CHANGE
Cash From Operating Activities	-3.255M	-$3.749M	-2.546M
Cash From Investing Activities	-802.7K	$289.6K	-222.0K
Cash From Financing Activities	10.53M	$5.525M	3.673M
Net Change In Cash	6.468M	$2.066M	904.9K
YoY Change	1213.91%	128.32%	-71.85%
FREE CASH FLOW
Cash From Operating Activities	-$3.255M	-$3.749M	-$2.546M
Capital Expenditures	$803.3K	$246.1K	-$222.0K
Free Cash Flow	-$4.059M	-$3.995M	-$2.324M
YoY Change	61.89%	71.91%	33.56%

Facts In Submission

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CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	001-40766
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	Lightwave Logic, Inc.
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	82-0497368
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	369 Inverness Parkway
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CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Englewood
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	CO
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	80112
CY2023Q1	dei	City Area Code CityAreaCode	720
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	340-4949
CY2023Q1	dei	Security12b Title Security12bTitle	Common Stock, $0.001 par value per share
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CY2023Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
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CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	289592	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-221991	usd
CY2023Q1	lwlg	Proceeds From Exercise Of Options And Warrants ProceedsFromExerciseOfOptionsAndWarrants	25750	usd
CY2022Q1	lwlg	Proceeds From Exercise Of Options And Warrants ProceedsFromExerciseOfOptionsAndWarrants	26850	usd
CY2022Q1	us-gaap	Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions	41097	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	5499377	usd
CY2022Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	3686817	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	5525127	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	3672570	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	2066063	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	904890	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	24102151	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	23432612	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	26168214	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	24337502	usd
CY2023Q1	us-gaap	Nature Of Operations NatureOfOperations	<p id="xdx_847_eus-gaap--NatureOfOperations_zbKVm0YlLO3i" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_862_zcgedEwRJX48">Nature of Business</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Lightwave Logic, Inc. is a technology company focused on the development of next generation photonic devices and non-linear optical polymer materials systems for applications in high speed fiber-optic data communications and optical computing markets. Currently the Company is in various stages of photonic device and materials development and evaluation with potential customers and strategic partners. The Company expects to obtain a revenue stream from technology licensing agreements, technology transfer agreements and the production and direct sale of its own electro-optic device components.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company’s current development activities are subject to significant risks and uncertainties, including failing to secure additional funding to operationalize the Company’s technology now under development.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2023Q1	us-gaap	Reclassifications Reclassifications	<p id="xdx_849_eus-gaap--Reclassifications_zD8DRHlizIr8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86B_z7wNGV3hilFg">Reclassifications</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Certain reclassifications have been made to the 2022 financial statement in order to conform to the 2023 financial statement presentation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
CY2023Q1	lwlg	Expected Expenditures Per Month ExpectedExpendituresPerMonth	1675000	usd
CY2021Q4	lwlg	Agreement To Sell Invest Common Stock Value Upper Limit Instutional Investor AgreementToSellInvestCommonStockValueUpperLimitInstutionalInvestor	33000000	usd
CY2023Q1	us-gaap	Deposits Assets Current DepositsAssetsCurrent	210012	usd
CY2022Q4	us-gaap	Deposits Assets Current DepositsAssetsCurrent	59850	usd
CY2023Q1	lwlg	Prepaid License PrepaidLicense	131011	usd
CY2022Q4	lwlg	Prepaid License PrepaidLicense	94195	usd
CY2023Q1	us-gaap	Prepaid Insurance PrepaidInsurance	116188	usd
CY2022Q4	us-gaap	Prepaid Insurance PrepaidInsurance	218767	usd
CY2023Q1	lwlg	Investor Relations InvestorRelations	76583	usd
CY2022Q4	lwlg	Investor Relations InvestorRelations	18250	usd
CY2023Q1	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	75446	usd
CY2022Q4	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	45675	usd
CY2023Q1	lwlg	Prototype Devices PrototypeDevices	40473	usd
CY2022Q4	lwlg	Prototype Devices PrototypeDevices	40473	usd
CY2023Q1	us-gaap	Prepaid Rent PrepaidRent	36525	usd
CY2022Q4	us-gaap	Prepaid Rent PrepaidRent	36525	usd
CY2023Q1	lwlg	Legal Legal	16960	usd
CY2022Q4	lwlg	Legal Legal	83941	usd
CY2022Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	13669	usd
CY2023Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	703198	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	611345	usd
CY2023Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6818205	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6572152	usd
CY2023Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4308810	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4052885	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2509395	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2519267	usd
CY2023Q1	us-gaap	Depreciation Depreciation	255925	usd
CY2022Q1	us-gaap	Depreciation Depreciation	222089	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	usd
CY2022Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	usd
CY2023Q1	us-gaap	Finite Lived Patents Gross FiniteLivedPatentsGross	1712539	usd
CY2022Q4	us-gaap	Finite Lived Patents Gross FiniteLivedPatentsGross	1606064	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	595080	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	575729	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1117459	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1030335	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	19351	usd
CY2022Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	22079	usd
CY2017Q4	us-gaap	Lessee Operating Lease Term Of Contract LesseeOperatingLeaseTermOfContract	P61M
CY2017Q4	lwlg	Lease Beginning Date1 LeaseBeginningDate1	2017-11-01
CY2017Q4	us-gaap	Lease Expiration Date1 LeaseExpirationDate1	2022-11-30
CY2017Q4	us-gaap	Lessee Operating Lease Renewal Term LesseeOperatingLeaseRenewalTerm	P24M
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	168824	usd
CY2017Q4	lwlg	Percentage Of Rent Increase Annual Base Rent PercentageOfRentIncreaseAnnualBaseRent	0.03	pure
CY2017Q4	lwlg	Prepaid Rents PrepaidRents	347045	usd
CY2017Q4	lwlg	Prepaid Estimated Tenants Proportionate Share Of Operating Lease Expenses PrepaidEstimatedTenantsProportionateShareOfOperatingLeaseExpenses	186293	usd
CY2017Q4	us-gaap	Security Deposit SecurityDeposit	36524	usd
CY2019Q4	lwlg	Percentage Of Estimated Incremental Borrowing Rate PercentageOfEstimatedIncrementalBorrowingRate	0.065	pure
CY2019Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	885094	usd
CY2022Q4	us-gaap	Lessee Operating Lease Term Of Contract LesseeOperatingLeaseTermOfContract	P120M
CY2022Q4	us-gaap	Lease Expiration Date1 LeaseExpirationDate1	2023-06-01
CY2022Q4	lwlg	Base Rent BaseRent	30517	usd
CY2022Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	377288	usd
CY2022Q4	lwlg	Percentage Of Rent Increase Annual Base Rent PercentageOfRentIncreaseAnnualBaseRent	0.03	pure
CY2022Q4	us-gaap	Payments For Proceeds From Tenant Allowance PaymentsForProceedsFromTenantAllowance	38736	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	160604	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	182624	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	343228	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	31355	usd
CY2023Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	311873	usd
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	122936	shares
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed	Black-Scholes
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
CY2023Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P10Y
CY2023Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	5427714	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1869340	usd
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1361862	usd
CY2023Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	30696511	usd
CY2023Q1	us-gaap	Share Price SharePrice	5.23
CY2023Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	7000	usd
CY2023Q1	lwlg	Stock Issued During Period Shares Stock Options Exercised Cashless StockIssuedDuringPeriodSharesStockOptionsExercisedCashless	25000	shares
CY2023Q1	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	579822	usd
CY2023Q1	lwlg	Due To Other Related Party Current And Noncurrent DueToOtherRelatedPartyCurrentAndNoncurrent	12327	usd
CY2023Q1	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	15521	usd
CY2022Q1	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	13088	usd

Files In Submission

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Lightwave Logic, Inc. Stock $lwlg

2023 Q2 Form 10-Q Financial Statement

#000107997323000650 Filed on May 10, 2023

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$LWLG Lightwave Logic, Inc. Stock $lwlg

2023 Q2 Form 10-Q Financial Statement

#000107997323000650 Filed on May 10, 2023

Income Statement

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$LWLG
Lightwave Logic, Inc. Stock $lwlg