Lightwave Logic Inc 2025年季度报告

For the quarterly period endedMarch 31, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _____________to _____________Commission File Number001-40766 Lightwave Logic, Inc. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller Accelerated filer☐Smaller reporting company☒Emerging growth company☐ 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.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.)Yes☐No The number of shares of the registrant’s common stock outstanding as of May 13, 2025 was125,041,157. TABLE OF CONTENTSPagePart IFinancial Information1Item 1Financial Statements1Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations23Item 3Quantitative and Qualitative Disclosures About Market Risk30Item 4Controls and Procedures30Part IIOther Information31Item 1Legal Proceedings31Item 1ARisk Factors31Item 2Unregistered Sales of Equity Securities and Use of Proceeds31Item 3Defaults Upon Senior Securities31Item 4Mine Safety Disclosures32Item 5Other Information32Item 6Exhibits32Signatures33i Forward-Looking Statements This report on Form 10-Q contains, and our officers and representatives may from time to time make, “forward-lookingstatements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,”“expect,” “continuing,” “ongoing,” “strategy,” “future,” “likely,” “may,” “should,” “could,” “will” and similar references to futureperiods. Examples of forward-looking statements include, among others, statements we make regarding expected operating results, Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on ourcurrent beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipatedevents and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subjectto inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control.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 financialcondition 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; 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 of 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 made LIGHTWAVE LOGIC, INC.FINANCIAL STATEMENTS NOTE 1 –NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Financial Statements The accompanying unaudited financial statements