Lightwave Logic Inc 2025年季度报告

OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number001-40766 Lightwave Logic, Inc. (Exact name of registrant as specified in its charter) (Address of principal executive offices) (720)340-4949 reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:Large accelerated filer☐Accelerated filer☐ If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Part IFinancial InformationItem 1Financial Statements Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, youshould not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: inability togenerate significant revenue or to manage growth; lack of available funding; lack of a market for or market acceptance of ourproducts; competition from third parties; general economic and business conditions; intellectual property rights of third parties;changes in the price of our stock and dilution; regulatory constraints and potential legal liability; ability to maintain effective internalcontrols; security breaches, cybersecurity attacks and other significant disruptions in our information technology systems; changes intechnology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer The ultimate correctness of these forward-looking statements depends upon a number of known and unknown risks and events.We discuss our known material risks under Part I Item 1.A “Risk Factors” contained in our Company’s Annual Report on Form 10-Kfor the year ended December 31, 2024, as amended, and PartII, Item 1.A “Risk Factors” in this report on Form 10-Q. Many factorscould cause our actual results to differ materially from the forward-looking statements. In addition, we cannot assess the impact ofeach factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materiallyfrom those contained in any forward-looking statements.The forward-looking statements speak only as of the date on which they are made, and, except as required by law, we undertakeno obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is madeor to reflect the occurrence of unanticipated events. MARCH 31, 2025 CASH FLOWS FROM OPERATING ACTIVITIESNet loss $(4,697,024)$(5,679,911)Adjustments to reconcile net loss to net cash used in operating activitiesStock options issued for services749,042Amortization of deferred compensation230,150Cashless option exercise20,500Common stock issued for commitment shares8,029Depreciation and amortization of patents454,960Amortization of right of use asset50,043 Accrued bonuses, accrued expenses and other liabilitiesAccounts payable and accrued expenses-related parties 56,945Contract liability(4,167)Deferred lease liability—Operating lease liability(40,070) CASH FLOWS FROM INVESTING ACTIVITIESCost of intangibles(45,878)Purchase of property and equipment(853,544) CASH FLOWS FROM FINANCING ACTIVITIES Issuance of common stock, institutional investor1,486,983Common stock sales at the market by investment banking company Net cash provided by financing activities NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS(2,622,635) CASH AND CASH EQUIVALENTS - END OF PERIOD $25,045,329$31,509,058Supplemental disclosure of non-cash activities: NOTE 1 –NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited financial statements have been prepared by Lightwave Logic, Inc. (the “Company”). These statements presentation of the statements and have been prepared on a consistent basis using the accounting polices described in the Summary ofSignificant Accounting Policies included in the financial statements and notes thereto included in the Company’s Annual Report onForm 10-K for the year ended December 31, 2024, as amended, as originally filed with the Securities and Exchange Commission on Exchange Commission, although the Company firmly believes that the accompanying disclosures are adequate to make theinformation presented not misleading. The financial statements should be read in conjunction with the financial statements and notes thereto included in the 2024 Annual Report. The interim operating results for the three months ending March 31, 2025 may not beindicative of operating results expected for the full year. History and Nature of Business organic polymers allow it to create next-generation photonic EO devices that