2015 Q2 Form 10-Q Financial Statement
#000155335015000488 Filed on May 15, 2015
Income Statement
Concept | 2015 Q2 | 2015 Q1 | 2014 Q1 |
---|---|---|---|
Revenue | $0.00 | $2.500K | |
YoY Change | -100.0% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $430.0K | $420.0K | $400.0K |
YoY Change | 10.26% | 5.0% | -11.11% |
% of Gross Profit | |||
Research & Development | $619.5K | $650.0K | $585.5K |
YoY Change | 0.17% | 11.02% | 28.57% |
% of Gross Profit | |||
Depreciation & Amortization | $37.41K | $36.75K | $30.21K |
YoY Change | 10.47% | 21.64% | 33.59% |
% of Gross Profit | |||
Operating Expenses | $1.052M | $1.070M | $987.7K |
YoY Change | 4.05% | 8.34% | 9.38% |
Operating Profit | |||
YoY Change | |||
Interest Expense | $0.00 | $2.741K | |
YoY Change | -100.0% | -85.98% | |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$1.050M | -$1.070M | -$990.0K |
YoY Change | 3.96% | 8.08% | 7.61% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.052M | -$1.070M | -$987.9K |
YoY Change | 4.05% | 8.32% | 7.09% |
Net Earnings / Revenue | -39514.04% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.02 | -$0.02 | -$0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 58.42M shares | 58.41M shares | 53.08M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q2 | 2015 Q1 | 2014 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.920M | $2.340M | $1.930M |
YoY Change | -3.63% | 21.24% | -41.87% |
Cash & Equivalents | $2.920M | $2.339M | $1.930M |
Short-Term Investments | |||
Other Short-Term Assets | $270.0K | $110.0K | $110.0K |
YoY Change | 35.0% | 0.0% | 37.5% |
Inventory | |||
Prepaid Expenses | $267.1K | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $3.187M | $2.453M | $2.043M |
YoY Change | -1.28% | 20.07% | -39.74% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $522.2K | $462.1K | $326.2K |
YoY Change | 59.92% | 41.67% | -9.39% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $1.135M | $1.072M | $894.8K |
YoY Change | 26.19% | 19.85% | 4.04% |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.187M | $2.453M | $2.043M |
Total Long-Term Assets | $1.135M | $1.072M | $894.8K |
Total Assets | $4.322M | $3.525M | $2.938M |
YoY Change | 4.71% | 20.01% | -30.88% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $78.19K | $248.4K | $195.4K |
YoY Change | -24.23% | 27.12% | 50.32% |
Accrued Expenses | $60.00K | $66.30K | $50.17K |
YoY Change | 84.0% | 32.16% | 401.69% |
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 | $150.0K | $340.0K | $310.0K |
YoY Change | -21.05% | 9.68% | 47.62% |
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 | $150.0K | $340.0K | $310.0K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $150.0K | $341.1K | $312.6K |
YoY Change | -21.2% | 9.09% | 48.87% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$38.87M | -$37.82M | -$15.83K |
YoY Change | 13.19% | 238854.82% | |
Common Stock | $43.04M | $41.00M | $35.96M |
YoY Change | 12.44% | 14.04% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $4.173M | $3.180M | $2.625M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.322M | $3.525M | $2.938M |
YoY Change | 4.71% | 20.01% | -30.88% |
Cashflow Statement
Concept | 2015 Q2 | 2015 Q1 | 2014 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.052M | -$1.070M | -$987.9K |
YoY Change | 4.05% | 8.32% | 7.09% |
Depreciation, Depletion And Amortization | $37.41K | $36.75K | $30.21K |
YoY Change | 10.47% | 21.64% | 33.59% |
Cash From Operating Activities | -$1.230M | -$699.5K | -$520.2K |
YoY Change | 25.51% | 34.46% | -2.97% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$100.0K | $123.7K | $58.06K |
YoY Change | 150.0% | 113.0% | -32.78% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | -$100.0K | -$127.6K | -$86.81K |
YoY Change | 150.0% | 46.98% | -10.59% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.920M | $266.4K | |
YoY Change | -9.43% | -73.77% | |
NET CHANGE | |||
Cash From Operating Activities | -1.230M | -$699.5K | -$520.2K |
Cash From Investing Activities | -100.0K | -$127.6K | -$86.81K |
Cash From Financing Activities | 1.920M | $266.4K | |
Net Change In Cash | 590.0K | -$827.1K | -$340.6K |
YoY Change | -46.36% | 142.83% | -189.08% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.230M | -$699.5K | -$520.2K |
Capital Expenditures | -$100.0K | $123.7K | $58.06K |
Free Cash Flow | -$1.130M | -$823.2K | -$578.3K |
YoY Change | 20.21% | 42.35% | -7.11% |
Facts In Submission
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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="margin: 0px; font-family: 'times new roman';"><b>Nature of Business</b></p> <p style="margin: 0px; font-family: 'times new roman';"><br/></p> <p style="margin: 0px; font-family: 'times new roman';"><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';"><br/></p> <p style="margin: 0px; font-family: 'times new roman';">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></div> | |
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2015-03-31 | |
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Smaller Reporting Company | |
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|
Lightwave Logic, Inc. | |
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|
P30M | |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0166 | pure |
CY2015Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
334813 | USD |