Lightwave Logic, Inc.

Listed Company

LWLGCIK 0001325964NasdaqNon-AcceleratedSmaller ReportingMiscellaneous Plastics ProductsNevadaFY ends Dec 31

Period

FY 2025

Revenue

$236.9K

Net Income

$-20.31M

Total Assets

$79.19M

Equity

$74.65M

Shares Out

148.83M

Op. Cash Flow

$-13.75M

Business

Lightwave Logic, Inc. is a technology platform company that develops proprietary high‑stability electro‑optic (EO) polymer systems, marketed under the Perkinamine® name, to enable high‑speed, low‑power optical data transmission. It supplies Perkinamine® chromophores and develops polymer‑enabled electro‑optic modulators and photonic device designs, and provides process development kits (PDKs), technology transfer and licensing. Its business segments include materials development, device design and development, patent licensing and foundry technology transfer. The company targets telecommunications and hyperscale datacenter markets, working through silicon photonics foundry partnerships and material supply/license agreements.

Summary from filing dated 2025-03-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
NET SALES	236,855	95,605	40,502	—	—
Cost of sales	6,823	7,395	2,513	—	—
Research and development	11	17	16	13	12
General and administrative	10	6	5	4	5
TOTAL COST AND EXPENSE	21	23	21	17	17
LOSS FROM OPERATIONS	−21	−23	−21	−17	−17
Interest income	842,445	926,854	657,546	91,659	13,826
Commitment fee	−370,311	−154,210	−673,578	—	—
Loss on disposal of property and equipment and intangible assets	−25,152	−213,440	215,509	—	—
Other income (expense)	645	−5,102	—	—	—
NET LOSS	−20	−23	−21	−17	−19
Earnings Per Share, Diluted	−0.16	−0.19	−0.18	−0.15	−0.18
Weighted Average Number of Shares Outstanding, Diluted	129	121	115	112	105

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-05-31	FY 2022 2022-12-31
Cash and cash equivalents	69	28	31	—	24
Accounts Receivable	190,753	45,565	30,376	—	—
Prepaid expenses and other current assets	601,101	401,741	1	—	611,345
TOTAL CURRENT ASSETS	70	28	33	—	25
PROPERTY AND EQUIPMENT - net of accumulated depreciation of $7,802,183 and $6,037,723	5	6	5	—	3
Intangible assets - net of accumulated amortization of $473,771 and $771,631	2	1	1	—	1
Operating Lease - Right of Use - Building	2	3	3	3	358,254
TOTAL OTHER ASSETS	4	4	4	—	1
TOTAL ASSETS	79	38	42	—	29
Accounts payable	477,939	515,955	1	—	791,671
Accrued bonuses and accrued expenses	1	877,165	599,430	—	380,280
Accounts payable and accrued expenses - related parties	56,250	200,779	313,483	—	100,169
Contract liability	6,541	23,208	39,875	—	—
Operating lease liability	194,770	168,289	144,120	—	190,125
TOTAL CURRENT LIABILITIES	2	2	3	—	2
Operating lease liability	2	3	3	—	168,129
TOTAL LONG TERM LIABILITIES	2	3	3	—	206,426
TOTAL LIABILITIES	5	4	5	—	2
Preferred stock, $0.001 par value, 1,000,000 authorized, no shares issued or outstanding	—	—	—	—	—
Common stock $0.001 par value, 250,000,000 authorized, 146,050,506 and 123,301,653 issued and outstanding at December 31, 2025 and December 31, 2024	146,051	123,302	118,137	—	112,883
Additional paid-in-capital	242	181	161	—	134
Deferred compensation	−203,458	−656,735	−432,293	—	−133,324
Accumulated deficit	−167	−147	−124	—	−107
TOTAL STOCKHOLDERS' EQUITY	75	33	36	—	28
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	79	38	42	—	29

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock options issued for services	2	4	6	6	1
Amortization of deferred compensation	551,466	446,628	262,697	91,713	—
Performance stock units issued for services	801,595	—	—	—	—
Restricted stock units issued for services	1	—	—	—	—
Common stock issued for commitment shares	370,311	154,210	673,578	—	—
Depreciation and amortization of patents	2	2	1	1	878,520
Amortization of right of use asset	205,354	192,487	184,835	178,192	167,007
Accounts receivable	−145,188	−15,189	−30,376	—	—
Prepaid expenses and other current assets	−199,360	835,880	−587,540	−379,037	334,877
Accounts payable	−38,016	−931,641	655,925	—	—
Accrued bonuses, accrued expenses and other liabilities	89,807	277,735	219,150	−737,800	1
Accounts payable and accrued expenses-related parties	−144,529	−112,704	213,314	67,980	−17,608
Contract liability	−16,667	−16,667	39,875	—	—
Deferred lease liability	—	−38,297	−41,778	−41,778	−41,778
Operating lease liability	−168,289	−144,119	−150,691	−178,192	−167,007
Net cash used in operating activities	−14	−16	−12	−11	−10
Cost of intangibles	−485,429	−430,501	−307,687	−260,415	−18,649
Purchase of property and equipment	−1	−2	−3	−1	−1
Net cash used in investing activities	−2	−3	−3	−2	−1
Exercise of options and warrants	355,583	337,350	1	653,895	2
Cashless option exercise tax payments	−171,925	—	—	−18,201	−1
Tax payment on net settlement of vested restricted stock awards	−12,875	—	—	—	—
Issuance of common stock, institutional investor	5	12	20	13	30
Issuance of common stock to investment bank	33	—	—	—	—
Common stock sales at the market by investment banking company	19	2	2	—	—
Net cash provided by financing activities	57	14	23	13	32
NET DECREASE IN CASH AND CASH EQUIVALENTS	41	−4	7	669,539	20
Options issued to settle accrued bonuses	48,068	—	—	—	—
Trade-in credit for purchase of property and equipment	28,800	—	—	—	—
Restricted stock awards issued for services	169,846	671,069	—	—	—

Filings

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