Company research
Lightwave Logic, Inc.
CIK 1325964Updated Sep 27, 2026
SecurityLWLG · NASDAQ · equity
Name history
THIRD-ORDER NANOTECHNOLOGIES INC · through Feb 19, 2008THIRD-ORDER NANOTECHNOLOIES INC · through Feb 12, 2007PSI TEC HOLDINGS INC · through Sep 8, 2006
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Recent filings
144 filing
10-Q filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 5.02, 7.01, 9.01
S-3ASR filing
4 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 79,185,249Source | 37,807,983Source | 41,783,585Source | 29,263,472Source |
| Property, Plant and Equipment, NetUSD | 5,222,252Source | 5,691,545Source | 4,990,790Source | 2,519,267Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 69,017,354Source | 27,667,964Source | 31,432,087Source | 24,102,151Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 190,753Source | 45,565Source | 30,376Source | — |
| Assets, CurrentUSD | 69,809,208Source | 28,115,270Source | 32,700,084Source | 25,355,616Source |
| Prepaid Expense and Other Assets, CurrentUSD | 601,101Source | 401,741Source | 1,237,621Source | 611,345Source |
| Operating Lease, Right-of-Use AssetUSD | 2,440,369Source | 2,645,723Source | 2,838,210Source | 358,254Source |
| Other Assets, NoncurrentUSD | — | — | — | 1,388,589Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 4,539,419Source | 4,384,078Source | 5,349,771Source | 1,710,449Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 146,051Source | 123,302Source | 118,137Source | 112,883Source |
| Additional Paid in CapitalUSD | 242,016,025Source | 184,363,772Source | 164,619,363Source | — |
| Retained Earnings (Accumulated Deficit)USD | -167,312,788Source | -150,406,434Source | -127,871,393Source | -106,833,361Source |
| Stockholders' Equity Attributable to ParentUSD | 74,645,830Source | 33,423,905Source | 36,433,814Source | 27,553,023Source |
| Additional Paid in Capital, Common StockUSD | — | — | — | 134,406,825Source |
| Liabilities and EquityUSD | 79,185,249Source | 37,807,983Source | 41,783,585Source | 29,263,472Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,135,508Source | 1,785,396Source | 2,582,801Source | 1,504,023Source |
| Operating Lease, Liability, CurrentUSD | 194,770Source | 168,289Source | 144,120Source | 190,125Source |
| Accounts Payable, CurrentUSD | 477,939Source | 515,955Source | 1,447,596Source | 791,671Source |
| Operating Lease, Liability, NoncurrentUSD | 2,403,911Source | 2,598,682Source | 2,766,970Source | 168,129Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 190,753Source | 45,565Source | 30,376Source | — |
| Deferred Compensation EquityUSD | 203,458Source | 656,735Source | 432,293Source | 133,324Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -20,313,797Source | -22,535,041Source | -21,038,032Source | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | 5,813,628Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 145,188Source | 15,189Source | 30,376Source | — |
| Increase (Decrease) in Accounts PayableUSD | -38,016Source | -931,641Source | — | — |
| Deferred Income Tax Expense (Benefit)USD | -4,364,876Source | -4,220,000Source | -6,526,000Source | -5,071,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -13,749,186Source | -15,550,515Source | -12,236,024Source | -10,465,880Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,817,202Source | -2,697,899Source | -2,957,201Source | -2,209,722Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,331,773Source | 2,267,398Source | 3,292,224Source | 1,307,187Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 56,915,778Source | 14,484,291Source | 22,523,161Source | 13,345,141Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 69,017,354Source | 27,667,964Source | 31,432,087Source | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 4,682,668Source | 4,886,631Source | 6,722,084Source | 5,905,341Source |
| Amortization of Deferred ChargesUSD | — | — | — | 91,713Source |
| Amortization of Intangible AssetsUSD | 82,284Source | 119,283Source | 83,521Source | 78,213Source |
| DepreciationUSD | 1,821,084Source | 1,563,477Source | 1,035,620Source | 966,995Source |
| Gain (Loss) on Disposition of AssetsUSD | -25,152Source | -213,440Source | — | — |
| Gain (Loss) on Disposition of Intangible AssetsUSD | 45,170Source | 210,274Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 8,782Source | 3,166Source | 215,509Source | — |
| General and Administrative ExpenseUSD | 9,501,769Source | 6,370,805Source | 5,359,565Source | 4,334,290Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | 0Source | — |
| Investment Income, InterestUSD | 842,445Source | 926,854Source | 657,546Source | 91,659Source |
| Net Income (Loss) Attributable to ParentUSD | -20,313,797Source | -22,535,041Source | -21,038,032Source | -17,230,480Source |
| Nonoperating Income (Expense)USD | 645Source | — | — | — |
| Operating ExpensesUSD | 20,998,279Source | 23,177,353Source | — | 17,139,664Source |
| Other Nonoperating Income (Expense)USD | 645Source | -5,102Source | -12,244Source | — |
| Proceeds from Stock Options ExercisedUSD | 280,583Source | 246,100Source | 777,674Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 13,750Source | — | — |
| Stock or Unit Option Plan ExpenseUSD | 2,051,204Source | 4,440,003Source | 6,459,387Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 236,855Source | 95,605Source | 40,502Source | — |
| Cost of RevenueUSD | 6,823Source | 7,395Source | 2,513Source | — |
| Operating Income (Loss)USD | -20,761,424Source | -23,089,143Source | -21,225,265Source | -17,139,664Source |
| Other Nonoperating Income (Expense)USD | 645Source | -5,102Source | -12,244Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -20,313,797Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -20,313,797Source | -22,535,041Source | -21,038,032Source | -17,230,480Source |
| Earnings Per Share, BasicUSD per share | — | -0.19Source | -0.18Source | -0.15Source |
| Earnings Per Share, DilutedUSD per share | -0.16Source | -0.19Source | -0.18Source | -0.15Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | 120,599,885Source | 115,467,300Source | 111,814,926Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 128,628,727Source | 120,599,885Source | 115,467,300Source | 111,814,926Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 82,284Source | 119,283Source | 83,521Source | 78,213Source |
| Costs and ExpensesUSD | 20,998,279Source | 23,184,748Source | 21,265,767Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 1,903,368Source | 1,682,760Source | 1,119,141Source | 1,045,208Source |
| General and Administrative ExpenseUSD | 9,501,769Source | 6,370,805Source | 5,359,565Source | 4,334,290Source |
| Gross ProfitUSD | — | 88,210Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -20,313,797Source | — | — | — |
| Interest ExpenseUSD | — | — | 673,578Source | 209,709Source |
| Investment Income, InterestUSD | 842,445Source | 926,854Source | 657,546Source | 91,659Source |
| Nonoperating Income (Expense)USD | 645Source | — | — | — |
| Operating ExpensesUSD | 20,998,279Source | 23,177,353Source | — | 17,139,664Source |
| Other IncomeUSD | — | — | — | 27,234Source |
| Research and Development ExpenseUSD | 11,489,687Source | 16,806,548Source | 15,903,689Source | 12,805,374Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 13,750Source | — | — |