2014 Q4 Form 10-Q Financial Statement
#000155335014001392 Filed on November 14, 2014
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% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.06 | ||
CY2014Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4213873 | USD |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2270704 | USD |
CY2014Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
171463 | USD |
CY2013Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
132204 | USD |
CY2014Q3 | us-gaap |
Assets Current
AssetsCurrent
|
4385336 | USD |
CY2013Q4 | us-gaap |
Assets Current
AssetsCurrent
|
2402908 | USD |
CY2014Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
403641 | USD |
CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
298360 | USD |
CY2014Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
602655 | USD |
CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
543540 | USD |
CY2014Q3 | us-gaap |
Assets
Assets
|
5391632 | USD |
CY2013Q4 | us-gaap |
Assets
Assets
|
3244808 | USD |
CY2013Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
7949 | USD |
CY2014Q3 | us-gaap |
Liabilities
Liabilities
|
502134 | USD |
CY2014Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
329295 | USD |
CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
65410 | USD |
CY2014Q3 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
69791 | USD |
CY2013Q4 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
48817 | USD |
CY2014Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
103048 | USD |
CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
122176 | USD |
CY2013Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2013Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2014Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1214340 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1298361 | USD | |
CY2014Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
419259 | USD |
CY2013Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
417357 | USD |
CY2014Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
58362137 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
52617789 | shares |
CY2014Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
58362 | USD |
CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
52618 | USD |
CY2014Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
40349009 | USD |
CY2013Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
35414206 | USD |
CY2014Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-35517873 | USD |
CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-32344192 | USD |
CY2014Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4889498 | USD |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3122632 | USD |
CY2014Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5391632 | USD |
CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3244808 | USD |
CY2014Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2013Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2014Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2014Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2013Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
52617789 | shares |
CY2014Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
lwlg |
Agreement With Institutional Investor Term
AgreementWithInstitutionalInvestorTerm
|
P30M | ||
CY2014Q3 | lwlg |
Approximate Cash Position
ApproximateCashPosition
|
3600000 | USD |
lwlg |
Approximate Monthly Expenditures
ApproximateMonthlyExpenditures
|
275000 | USD | |
lwlg |
Agreement To Sell Invest Common Stock Value Upper Limit Institutional Investor
AgreementToSellInvestCommonStockValueUpperLimitInstitutionalInvestor
|
20000000 | USD | |
lwlg |
Remaining Funds Available Under Agreement Guarantees And Other Commitments By Institutional Investor
RemainingFundsAvailableUnderAgreementGuaranteesAndOtherCommitmentsByInstitutionalInvestor
|
18485252 | USD | |
lwlg |
Proceeds From Issuance Of Private Placement Transaction One
ProceedsFromIssuanceOfPrivatePlacementTransactionOne
|
3140000 | USD | |
CY2014Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
58362137 | shares |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
2500 | USD | |
CY2014Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
741464 | USD |
CY2013Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
580403 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1945357 | USD | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1566901 | USD | |
CY2014Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
1160723 | USD |
CY2013Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
997760 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
3159697 | USD | |
us-gaap |
Operating Expenses
OperatingExpenses
|
2865262 | USD | |
CY2014Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-1160723 | USD |
CY2013Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-997760 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-3157197 | USD | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-2865262 | USD | |
CY2014Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
255 | USD |
CY2013Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
63 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
378 | USD | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
204 | USD | |
CY2013Q3 | us-gaap |
Interest Expense
InterestExpense
|
USD | |
us-gaap |
Interest Expense
InterestExpense
|
16862 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
204273 | USD | |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1174589 | USD |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-997697 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3173681 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3069331 | USD | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.02 | |
CY2013Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.02 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.06 | ||
CY2014Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
57854086 | shares |
CY2013Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
52046797 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
54717772 | shares | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
51417151 | shares | |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
USD | ||
CY2013Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
USD | |
CY2014Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
USD | |
CY2014Q3 | us-gaap |
Interest Expense
InterestExpense
|
14121 | USD |
us-gaap |
Stock Issued During Period Value Issued For Cash
StockIssuedDuringPeriodValueIssuedForCash
|
1036148 | USD | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
16862 | USD | |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
3140000 | USD | |
lwlg |
Stock Issued During Period Issued For Services Transaction One
StockIssuedDuringPeriodIssuedForServicesTransactionOne
|
8000 | USD | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
11000 | USD | |
lwlg |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
142830 | USD | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
466671 | USD | |
lwlg |
Stock Issued During Period Value Warrants Issued For Services
StockIssuedDuringPeriodValueWarrantsIssuedForServices
|
119036 | USD | |
us-gaap |
Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
|
119036 | USD | |
us-gaap |
Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
|
108868 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
466671 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
518627 | USD | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
24862 | USD | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
204274 | USD | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
110054 | USD | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
93441 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
39259 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
55446 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
263885 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
151084 | USD | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
20974 | USD | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
42860 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
95099 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
34583 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2112359 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1971040 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
70261 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
61216 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4329978 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
|
Black-Scholes | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1822525 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
1943169 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-315812 | USD | |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2936879 | USD |
CY2013Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2621067 | USD |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
USD | ||
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
USD | ||
us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P20Y | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
204189 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
106081 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-274450 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-167297 | USD | |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
3140000 | USD | |
us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
153830 | USD | |
us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
22525 | USD | |
lwlg |
Common Stock Issued To Institutional Investor Value
CommonStockIssuedToInstitutionalInvestorValue
|
1036148 | USD | |
lwlg |
Common Stock Issued To Institutional Investor Value
CommonStockIssuedToInstitutionalInvestorValue
|
1800000 | USD | |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
USD | ||
CY2014Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
339221 | USD |
CY2013Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
241513 | USD |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<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;"> </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;"> </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> </p> </div> | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Lightwave Logic, Inc. | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001325964 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
us-gaap |
Depreciation
Depreciation
|
98908 | USD | |
us-gaap |
Depreciation
Depreciation
|
82295 | USD | |
CY2014Q3 | us-gaap |
Depreciation
Depreciation
|
34837 | USD |
CY2013Q3 | us-gaap |
Depreciation
Depreciation
|
30393 | USD |
CY2014Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
742862 | USD |
CY2013Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
539873 | USD |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
11146 | USD | |
CY2014Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3715 | USD |
CY2013Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3715 | USD |
CY2014Q3 | lwlg |
Expense For Abandoned Patents
ExpenseForAbandonedPatents
|
USD | |
CY2013Q3 | lwlg |
Expense For Abandoned Patents
ExpenseForAbandonedPatents
|
USD | |
lwlg |
Expense For Abandoned Patents
ExpenseForAbandonedPatents
|
USD | ||
lwlg |
Expense For Abandoned Patents
ExpenseForAbandonedPatents
|
USD | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-09-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
CY2014Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
58364545 | shares |
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
CY2014Q3 | us-gaap |
Finite Lived Patents Gross
FiniteLivedPatentsGross
|
649496 | USD |
CY2013Q4 | us-gaap |
Finite Lived Patents Gross
FiniteLivedPatentsGross
|
579235 | USD |
CY2014Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
46841 | USD |
CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
35695 | USD |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
11146 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0208 | pure | |
CY2014Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
473036 | USD |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
0.84 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
|
1.09 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0146 | pure | |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P32M | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |