$LWLG
Lightwave Logic, Inc.

2015 Q3 Form 10-Q Financial Statement

#000155335015000837 Filed on August 12, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q4
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $880.0K $430.0K $330.0K
YoY Change 109.52% 10.26% 0.0%
% of Gross Profit
Research & Development $1.050M $619.5K $900.0K
YoY Change 41.61% 0.17% 80.0%
% of Gross Profit
Depreciation & Amortization $41.34K $37.41K $40.00K
YoY Change 18.66% 10.47% 0.0%
% of Gross Profit
Operating Expenses $1.930M $1.052M $1.240M
YoY Change 66.28% 4.05% 47.62%
Operating Profit -$1.930M
YoY Change 66.27%
Interest Expense $0.00 $0.00
YoY Change -100.0% -100.0%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$1.930M -$1.050M -$1.240M
YoY Change 64.96% 3.96% 47.62%
Income Tax
% Of Pretax Income
Net Earnings -$1.930M -$1.052M -$1.240M
YoY Change 64.3% 4.05% 47.62%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.03 -$0.02 -$0.02
COMMON SHARES
Basic Shares Outstanding 61.25M shares 58.42M shares 58.36M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.140M $2.920M $3.170M
YoY Change -49.17% -3.63% 39.65%
Cash & Equivalents $2.140M $2.920M $3.166M
Short-Term Investments
Other Short-Term Assets $220.0K $270.0K $130.0K
YoY Change 29.41% 35.0% 0.0%
Inventory
Prepaid Expenses $215.6K $267.1K $128.2K
Receivables
Other Receivables
Total Short-Term Assets $2.358M $3.187M $3.294M
YoY Change -46.24% -1.28% 37.09%
LONG-TERM ASSETS
Property, Plant & Equipment $510.3K $522.2K $375.2K
YoY Change 26.42% 59.92% 25.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.129M $1.135M $985.3K
YoY Change 12.17% 26.19% 17.03%
TOTAL ASSETS
Total Short-Term Assets $2.358M $3.187M $3.294M
Total Long-Term Assets $1.129M $1.135M $985.3K
Total Assets $3.486M $4.322M $4.279M
YoY Change -35.34% 4.71% 31.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $78.90K $78.19K $178.2K
YoY Change -76.04% -24.23% 172.38%
Accrued Expenses $72.18K $60.00K $33.35K
YoY Change -29.95% 84.0% 319.59%
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 $160.0K $150.0K $220.0K
YoY Change -68.0% -21.05% 83.33%
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 $160.0K $150.0K $220.0K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $163.0K $150.0K $221.8K
YoY Change -67.53% -21.2% 81.57%
SHAREHOLDERS EQUITY
Retained Earnings -$40.80M -$38.87M -$36.75M
YoY Change 14.88% 13.19% 13.63%
Common Stock $44.12M $43.04M $40.81M
YoY Change 9.2% 12.44% 15.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.323M $4.173M $4.058M
YoY Change
Total Liabilities & Shareholders Equity $3.486M $4.322M $4.279M
YoY Change -35.34% 4.71% 31.89%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q4
OPERATING ACTIVITIES
Net Income -$1.930M -$1.052M -$1.240M
YoY Change 64.3% 4.05% 47.62%
Depreciation, Depletion And Amortization $41.34K $37.41K $40.00K
YoY Change 18.66% 10.47% 0.0%
Cash From Operating Activities -$730.0K -$1.230M -$1.070M
YoY Change 28.07% 25.51% 22.99%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K -$100.0K -$20.00K
YoY Change -71.43% 150.0% 100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$40.00K -$100.0K -$20.00K
YoY Change -71.43% 150.0% 100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 1.920M 0.000
YoY Change -100.0% -9.43% -100.0%
NET CHANGE
Cash From Operating Activities -730.0K -1.230M -1.070M
Cash From Investing Activities -40.00K -100.0K -20.00K
Cash From Financing Activities 0.000 1.920M 0.000
Net Change In Cash -770.0K 590.0K -1.090M
YoY Change -162.6% -46.36% 211.43%
FREE CASH FLOW
Cash From Operating Activities -$730.0K -$1.230M -$1.070M
Capital Expenditures -$40.00K -$100.0K -$20.00K
Free Cash Flow -$690.0K -$1.130M -$1.050M
YoY Change 60.47% 20.21% 22.09%

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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0px; font-family: 'times new roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;"><b>Nature of Business</b></font></p> <p style="margin: 0px; font-family: 'times new roman';"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p> <p style="margin: 0px; font-family: 'times new roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">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 style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</font></p> <p style="margin: 0px; font-family: 'times new roman';"><font style="font-size: 10pt; font-family: 'times new roman', times;">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.</font></p> </div>
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dei Entity Registrant Name
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Lightwave Logic, Inc.
dei Entity Central Index Key
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0001325964
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2015
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10-Q

Files In Submission

Name View Source Status
0001553350-15-000837-index-headers.html Edgar Link pending
0001553350-15-000837-index.html Edgar Link pending
0001553350-15-000837.txt Edgar Link pending
0001553350-15-000837-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
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