2014 Q4 Form 10-Q Financial Statement

#000155335014001392 Filed on November 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $330.0K $420.0K $420.0K
YoY Change 0.0% 0.0% -12.5%
% of Gross Profit
Research & Development $900.0K $741.5K $580.4K
YoY Change 80.0% 27.75% 18.28%
% of Gross Profit
Depreciation & Amortization $40.00K $34.84K $30.39K
YoY Change 0.0% 14.62% 94.44%
% of Gross Profit
Operating Expenses $1.240M $1.161M $997.8K
YoY Change 47.62% 16.33% 2.88%
Operating Profit -$1.161M
YoY Change
Interest Expense $0.00 $14.12K
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$1.240M -$1.170M -$1.000M
YoY Change 47.62% 17.0% 3.09%
Income Tax
% Of Pretax Income
Net Earnings -$1.240M -$1.175M -$997.7K
YoY Change 47.62% 17.73% 2.89%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.02 -$0.02 -$0.02
COMMON SHARES
Basic Shares Outstanding 58.36M shares 58.16M shares 52.05M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.170M $4.210M $2.620M
YoY Change 39.65% 60.69% -10.58%
Cash & Equivalents $3.166M $4.214M $2.621M
Short-Term Investments
Other Short-Term Assets $130.0K $170.0K $150.0K
YoY Change 0.0% 13.33% 36.36%
Inventory
Prepaid Expenses $128.2K
Receivables
Other Receivables
Total Short-Term Assets $3.294M $4.385M $2.766M
YoY Change 37.09% 58.52% -9.0%
LONG-TERM ASSETS
Property, Plant & Equipment $375.2K $403.6K $324.8K
YoY Change 25.76% 24.28% 15.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $985.3K $1.006M $863.4K
YoY Change 17.03% 16.55% 12.13%
TOTAL ASSETS
Total Short-Term Assets $3.294M $4.385M $2.766M
Total Long-Term Assets $985.3K $1.006M $863.4K
Total Assets $4.279M $5.392M $3.630M
YoY Change 31.89% 48.54% -4.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $178.2K $329.3K $247.5K
YoY Change 172.38% 33.07% 23.73%
Accrued Expenses $33.35K $103.0K $37.92K
YoY Change 319.59% 171.74% -24.16%
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 $220.0K $500.0K $380.0K
YoY Change 83.33% 31.58% 52.0%
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 $220.0K $500.0K $380.0K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $221.8K $502.1K $383.9K
YoY Change 81.57% 30.81% 53.54%
SHAREHOLDERS EQUITY
Retained Earnings -$36.75M -$35.52M -$15.83K
YoY Change 13.63% 224313.17%
Common Stock $40.81M $40.41M $34.75M
YoY Change 15.07% 16.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.058M $4.889M $3.246M
YoY Change
Total Liabilities & Shareholders Equity $4.279M $5.392M $3.630M
YoY Change 31.89% 48.54% -4.73%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$1.240M -$1.175M -$997.7K
YoY Change 47.62% 17.73% 2.89%
Depreciation, Depletion And Amortization $40.00K $34.84K $30.39K
YoY Change 0.0% 14.62% 94.44%
Cash From Operating Activities -$1.070M -$570.0K -$670.0K
YoY Change 22.99% -14.93% 13.56%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$140.0K -$40.00K
YoY Change 100.0% 250.0% -63.64%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$20.00K -$140.0K -$40.00K
YoY Change 100.0% 250.0% -63.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 1.940M -70.00K
YoY Change -100.0% -2871.43%
NET CHANGE
Cash From Operating Activities -1.070M -570.0K -670.0K
Cash From Investing Activities -20.00K -140.0K -40.00K
Cash From Financing Activities 0.000 1.940M -70.00K
Net Change In Cash -1.090M 1.230M -780.0K
YoY Change 211.43% -257.69% 11.43%
FREE CASH FLOW
Cash From Operating Activities -$1.070M -$570.0K -$670.0K
Capital Expenditures -$20.00K -$140.0K -$40.00K
Free Cash Flow -$1.050M -$430.0K -$630.0K
YoY Change 22.09% -31.75% 31.25%

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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"><strong>Nature of Business</strong></p> <p style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;">&#160;</p> <p style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"><font>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.</font></p> <p style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;">&#160;</p> <p style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"><font>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.<br/> </font>&#160;</p> </div>
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Files In Submission

Name View Source Status
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0001553350-14-001392-index.html Edgar Link pending
0001553350-14-001392.txt Edgar Link pending
0001553350-14-001392-xbrl.zip Edgar Link pending
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Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lwlg-20140930.xml Edgar Link completed
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