$LWLG
Lightwave Logic, Inc.

2014 Q3 Form 10-Q Financial Statement

#000155335014000940 Filed on August 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $420.0K $390.0K $430.0K
YoY Change 0.0% -9.3% -21.82%
% of Gross Profit
Research & Development $741.5K $618.5K $531.1K
YoY Change 27.75% 16.44% 16.66%
% of Gross Profit
Depreciation & Amortization $34.84K $33.86K $29.29K
YoY Change 14.62% 15.61% 200.4%
% of Gross Profit
Operating Expenses $1.161M $1.011M $964.5K
YoY Change 16.33% 4.86% -4.42%
Operating Profit -$1.161M
YoY Change
Interest Expense $14.12K $184.7K
YoY Change 892.33%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.170M -$1.010M -$1.150M
YoY Change 17.0% -12.17% 11.65%
Income Tax
% Of Pretax Income
Net Earnings -$1.175M -$1.011M -$1.149M
YoY Change 17.73% -12.0% 11.83%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.02 -$0.02 -$0.02
COMMON SHARES
Basic Shares Outstanding 58.16M shares 53.08M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.210M $3.030M $3.260M
YoY Change 60.69% -7.06% -9.94%
Cash & Equivalents $4.214M $3.030M $2.732M
Short-Term Investments
Other Short-Term Assets $170.0K $200.0K $170.0K
YoY Change 13.33% 17.65% 41.67%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $4.385M $3.229M $2.403M
YoY Change 58.52% 34.36% -35.92%
LONG-TERM ASSETS
Property, Plant & Equipment $403.6K $326.5K $298.4K
YoY Change 24.28% 9.44% 49.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.006M $899.4K $841.9K
YoY Change 16.55% 6.83% 22.01%
TOTAL ASSETS
Total Short-Term Assets $4.385M $3.229M $2.403M
Total Long-Term Assets $1.006M $899.4K $841.9K
Total Assets $5.392M $4.128M $3.245M
YoY Change 48.54% 27.22% -26.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $329.3K $103.2K $65.41K
YoY Change 33.07% 57.76% -45.49%
Accrued Expenses $103.0K $32.61K $7.949K
YoY Change 171.74% 310.23% -91.17%
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 $500.0K $190.0K $210.0K
YoY Change 31.58% -9.52% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $500.0K $190.0K $210.0K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $502.1K $190.4K $122.2K
YoY Change 30.81% 55.8% -41.82%
SHAREHOLDERS EQUITY
Retained Earnings -$35.52M -$34.34M -$15.83K
YoY Change 224313.17% 216891.74%
Common Stock $40.41M $38.28M $35.47M
YoY Change 16.29% 7.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.889M $3.938M $3.123M
YoY Change
Total Liabilities & Shareholders Equity $5.392M $4.128M $3.245M
YoY Change 48.54% 27.22% -26.92%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$1.175M -$1.011M -$1.149M
YoY Change 17.73% -12.0% 11.83%
Depreciation, Depletion And Amortization $34.84K $33.86K $29.29K
YoY Change 14.62% 15.61% 200.4%
Cash From Operating Activities -$570.0K -$980.0K -$760.0K
YoY Change -14.93% 28.95% 24.59%
INVESTING ACTIVITIES
Capital Expenditures -$140.0K -$40.00K -$30.00K
YoY Change 250.0% 33.33% -80.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$140.0K -$40.00K -$30.00K
YoY Change 250.0% 33.33% -80.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.940M 2.120M 870.0K
YoY Change -2871.43% 143.68% -38.73%
NET CHANGE
Cash From Operating Activities -570.0K -980.0K -760.0K
Cash From Investing Activities -140.0K -40.00K -30.00K
Cash From Financing Activities 1.940M 2.120M 870.0K
Net Change In Cash 1.230M 1.100M 80.00K
YoY Change -257.69% 1275.0% -87.88%
FREE CASH FLOW
Cash From Operating Activities -$570.0K -$980.0K -$760.0K
Capital Expenditures -$140.0K -$40.00K -$30.00K
Free Cash Flow -$430.0K -$940.0K -$730.0K
YoY Change -31.75% 28.77% 58.7%

Facts In Submission

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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="MARGIN: 0px"><strong>Nature of Business</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="BACKGROUND-COLOR: #ffffff; MARGIN: 0px">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 the next revenue stream to be in sales of non-linear optical polymers, prototype devices and product development agreements prior to moving into production.</p> <p style="MARGIN: 0px"><br /> </p> <p style="BACKGROUND-COLOR: #ffffff; MARGIN: 0px">The Company&#39;s current development activities are subject to significant risks and uncertainties, including failing to secure additional funding to operationalize the Company&#39;s technology now under development.</p> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div>
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Files In Submission

Name View Source Status
0001553350-14-000940-index-headers.html Edgar Link pending
0001553350-14-000940-index.html Edgar Link pending
0001553350-14-000940.txt Edgar Link pending
0001553350-14-000940-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lwlg-20140630.xml Edgar Link completed
lwlg-20140630.xsd Edgar Link pending
lwlg-20140630_cal.xml Edgar Link unprocessable
lwlg-20140630_def.xml Edgar Link unprocessable
lwlg-20140630_lab.xml Edgar Link unprocessable
lwlg-20140630_pre.xml Edgar Link unprocessable
lwlg_10q.htm Edgar Link pending
lwlg_ex31z1.htm Edgar Link pending
lwlg_ex31z2.htm Edgar Link pending
lwlg_ex32z1.htm Edgar Link pending
lwlg_ex32z2.htm Edgar Link pending
R1.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending