| Cash Flow | 2026-03-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net loss | 9,169,175 | -5,806,058 | -9,663,657 |
| Stock options issued for services | -1,362,110 | 410,948 | 1,282,692 |
| Amortization of deferred compensation | -439,347 | 80,750 | 401,863 |
| Performance stock units issued for services | NaN | 171,650 | 384,925 |
| Restricted stock units issued for services | 853,755 | 477,865 | 11,113 |
| Non-cash compensation expense from stock option exercises | NaN | 705,500 | NaN |
| Common stock issued for commitment shares | NaN | 80,210 | 243,830 |
| Depreciation and amortization of patents | -938,252 | 491,521 | 943,089 |
| Amortization of right of use asset | -99,125 | 51,764 | 100,938 |
| (gain) loss on disposal of property and equipment and intangible assets | -30,784 | -34,425 | 28,800 |
| Accounts receivable | 34,812 | 25,000 | -34,812 |
| Prepaid expenses and other current assets | 501,403 | -156,165 | 237,115 |
| Accounts payable | 429,266 | 67,923 | -195,412 |
| Accrued bonuses and accrued expenses | 773,460 | -30,634 | -394,875 |
| Accounts payable and accrued expenses-related parties | -6,560 | 3,669 | -53,359 |
| Contract liability | 8,334 | -4,167 | -8,333 |
| Operating lease liability | 78,197 | -42,734 | -81,934 |
| Net cash used in operating activities | 6,375,247 | -3,176,204 | -7,260,222 |
| Cost of intangibles | -102,248 | 164,860 | 108,332 |
| Purchase of property and equipment | -502,718 | 59,290 | 893,894 |
| Net cash used in investing activities | 604,966 | -224,150 | -1,002,226 |
| Exercise of options | 1,611,440 | 46,679 | 204,000 |
| Cashless option exercise tax payments | NaN | 0 | 171,926 |
| Tax payment on net issuance of vested restricted stock units | 2,088,366 | NaN | NaN |
| Cashless tax payment on vested restricted stock awards | NaN | 0 | 12,875 |
| Tax payment on net issuance of performance stock units | 481,103 | NaN | NaN |
| Issuance of common stock, institutional investor | NaN | 2,318,505 | 2,174,983 |
| Issuance of common stock to investment bank | 4,930,928 | NaN | NaN |
| Common stock sales at the market by investment banking company | -7,833,135 | 13,870,294 | 507,248 |
| Net cash provided by financing activities | -8,168,923 | 16,235,478 | 2,701,430 |
| Net increase (decrease) in cash and cash equivalents | -1,188,710 | 12,835,124 | -5,561,018 |
| Cash and cash equivalents - beginning of period | 34,942,070 | 22,106,946 | 27,667,964 |
| Cash and cash equivalents - end of period | 75,102,750 | 34,942,070 | 22,106,946 |
Lightwave Logic, Inc. (LWLG)
Lightwave Logic, Inc. (LWLG)