(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to _____________ Commission File Number001-40766 Lightwave Logic, Inc.(Exact name of registrant as specified in its charter) Nevada(State or other jurisdiction ofincorporation or organization)82-0497368(I.R.S. Employer Identification No.) 80112(Zip Code) (720) 340-4949(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Trading Symbol(s)LWLG Title of each classCommon Stock, $0.001 par value pershare Name of exchange on which registeredThe Nasdaq Stock Market 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),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ 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 theregistrant was required to submit such files).Yes☒No☐ 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,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act: Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Ifan 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 15, 2026 was 154,079,632. TABLE OF CONTENTS PagePartIFinancial Information1Item 1Financial Statements1Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations24Item 3Quantitative and Qualitative Disclosures About Market Risk31Item 4Controls and Procedures31PartIIOther Information32Item 1Legal Proceedings32Item 1ARisk Factors32Item 2Unregistered Sales of Equity Securities and Use of Proceeds32Item 3Defaults Upon Senior Securities32Item 4Mine Safety Disclosures32Item 5Other Information32Item 6Exhibits33Signatures34 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,such as anticipated revenue; anticipated levels of capital expenditures for our current fiscal year; our belief that we have, or will have,sufficient liquidity to fund our business operations during the next 12 months; strategy for gaining customers, growth, productdevelopment, market position, financial results and reserves. 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 acce