Lightwave Logic Inc. (LWLG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
369 INVERNESS PARKWAY ENGLEWOOD, CO 80112 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 308 - Miscellaneous Plastics Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 31,432 | 24,102 | 23,433 | 3,307 | 2,236 | 2,175 | |||
| Cash and cash equivalents | 31,432 | 24,102 | 23,433 | 3,307 | 2,236 | 2,175 | |||
| Receivables | 30 | 14 | |||||||
| Prepaid expense | 328 | 301 | 193 | 207 | 185 | 285 | |||
| Deposits current assets | 20 | 60 | 140 | ||||||
| Other undisclosed current assets | 890 | 879 | 39 | 220 | 187 | 52 | |||
| Total current assets: | 32,700 | 25,356 | 23,665 | 3,874 | 2,609 | 2,512 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,838 | ✕ | |||||||
| Property, plant and equipment | 4,991 | 2,519 | 2,179 | 1,874 | 2,417 | 1,801 | |||
| Intangible assets, net (including goodwill) | 1,255 | 938 | |||||||
| Intangible assets, net (excluding goodwill) | 1,255 | 938 | |||||||
| Other noncurrent assets | 1,389 | 1,385 | 1,619 | 1,799 | |||||
| Total noncurrent assets: | 9,084 | 3,908 | 3,564 | 3,493 | 4,216 | 2,739 | |||
| TOTAL ASSETS: | 41,784 | 29,263 | 27,229 | 7,367 | 6,825 | 5,251 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,047 | 1,172 | 1,334 | 251 | 154 | 152 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 1,118 | |||||
| Accounts payable | 1,448 | 792 | 216 | 169 | 88 | 151 | |||
| Accrued liabilities | 599 | 380 | 81 | 66 | 1 | ||||
| Debt | 157 | ||||||||
| Due to related parties | ✕ | ✕ | 100 | 32 | 50 | 15 | 14 | ||
| Other undisclosed current liabilities | 536 | 232 | 220 | 633 | 672 | 178 | |||
| Total current liabilities: | 2,583 | 1,504 | 1,586 | 933 | 998 | 344 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 358 | 536 | 703 | ||||||
| Liabilities, other than long-term debt | 2,767 | 168 | |||||||
| Operating lease, liability | 2,767 | 168 | 358 | 536 | 703 | ✕ | |||
| Other undisclosed noncurrent liabilities | 38 | (278) | (415) | 216 | |||||
| Total noncurrent liabilities: | 2,767 | 206 | 438 | 658 | 920 | ||||
| Total liabilities: | 5,350 | 1,710 | 2,024 | 1,591 | 1,917 | 344 | |||
| Equity | |||||||||
| Equity, attributable to parent | 36,434 | 27,553 | 25,204 | 5,775 | 4,908 | 4,907 | |||
| Common stock | 118 | 113 | 111 | 98 | 87 | 79 | |||
| Additional paid in capital | 164,619 | 134,407 | 114,697 | 76,649 | 69,076 | 62,357 | |||
| Deferred compensation equity | (432) | (133) | |||||||
| Accumulated deficit | (127,871) | (106,833) | (89,603) | (70,972) | (64,256) | (57,529) | |||
| Total equity: | 36,434 | 27,553 | 25,204 | 5,775 | 4,908 | 4,907 | |||
| TOTAL LIABILITIES AND EQUITY: | 41,784 | 29,263 | 27,229 | 7,367 | 6,825 | 5,251 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 41 | 27 | ||||||
| Other income | 27 | |||||||
| Cost of revenue (Cost of Goods and Services Sold) | (3) | |||||||
| Gross profit: | 38 | 27 | ||||||
| Operating expenses | (21,263) | (17,140) | (16,996) | (6,600) | (6,319) | (5,601) | ||
| Other undisclosed operating income (loss) | (27) | |||||||
| Operating loss: | (21,225) | (17,140) | (16,996) | (6,600) | (6,319) | (5,601) | ||
| Nonoperating income | 695 | 92 | 14 | 1 | 0 | 0 | ||
| Investment income, nonoperating | 708 | 92 | 14 | 1 | 0 | 0 | ||
| Interest and debt expense | (674) | (210) | (2,059) | (116) | (408) | (172) | ||
| Loss from continuing operations before income taxes: | (21,204) | (17,258) | (19,042) | (6,716) | (6,727) | (5,773) | ||
| Income tax benefit | 6,526 | |||||||
| Other undisclosed income from continuing operations | ||||||||
| Loss from continuing operations: | (14,678) | (17,258) | (19,042) | (6,716) | (6,727) | (5,773) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (19,042) | (6,716) | (6,727) | (5,773) | |
| Other undisclosed net loss | (6,360) | |||||||
| Net loss: | (21,038) | (17,258) | (19,042) | (6,716) | (6,727) | (5,773) | ||
| Other undisclosed net income attributable to parent | 27 | 411 | ||||||
| Net loss available to common stockholders, diluted: | (21,038) | (17,230) | (18,631) | (6,716) | (6,727) | (5,773) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (21,038) | (17,258) | (19,042) | (6,716) | (6,727) | (5,773) | ||
| Comprehensive loss, net of tax, attributable to parent: | (21,038) | (17,258) | (19,042) | (6,716) | (6,727) | (5,773) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.