{"url_path":"/sec/lucy/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1808377/0001829126-26-005226-index.html","accession_number":"0001829126-26-005226","cik":"0001808377","ticker":"LUCY","issuer_name":"Innovative Eyewear Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1808377/0001829126-26-005226-index.html","primary_entity_key":"0001808377","primary_entity_name":"Innovative Eyewear 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STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**FORM 10-Q**\n\n \n\n☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the quarterly period ended March 31, 2026\n\n \n\n☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the transition period from __________ to __________\n\n \n\nCommission\nfile number 001-41392\n\n \n\n**INNOVATIVE EYEWEAR, INC.**\n\n \n\n(Exact name of registrant as specified in its charter)\n\n \n\n**Florida**\n \n**85-0734861**\n\n(State or other jurisdiction of\nincorporation or organization)\n \n(I.R.S. Employer\nIdentification No.)\n\n \n\n**11900 Biscayne Blvd., Suite 630, North Miami, Florida 33181**\n\n(Address of Principal Executive Offices, including zip code)\n\n \n\n**(954) 826-0329**\n\n(Registrant’s telephone number, including area code)\n\n \n\n**Not Applicable**\n\n(Former name, former address and former fiscal year, if changed since last report)\n\n \n\nIndicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange 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 ☐\n\n \n\nIndicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files.) Yes ☒   No ☐\n\n \n\nIndicate\nby check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting\ncompany, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller\nreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated Filer\n☐\nAccelerated filer\n☐\n\nNon-accelerated Filer\n☒\nSmaller reporting company\n☒\n\nEmerging growth company\n☒\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐   No ☒\n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\n**Title of each class**\n \n**Trading Symbol(s)**\n \n**Name of each exchange on which registered**\n\nCommon Stock, $0.00001 par value\n \nLUCY\n \nNASDAQ Capital Market\n\nWarrants to purchase Common Stock\n \nLUCYW\n \nNASDAQ Capital Market\n\n \n\nAs of May 8, 2026, there were 6,403,728 shares of the registrant’s common stock issued and outstanding.\n\n \n\n \n\n \n\n \n\n \n\n \n\n**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS**\n\n \n\n*The discussions in this Quarterly Report on Form 10-Q contain forward-looking statements reflecting our current expectations that involve risks and uncertainties. These forward-looking statements include, but are not limited to, our strategy, competition, future operations and production capacity, our supply chain and logistics, future financial position, future revenues, projected costs, profitability, expected cost reductions, capital adequacy, expectations regarding demand and acceptance for our technologies, growth opportunities and trends in the market in which we operate, prospects and plans, and objectives of management. The words “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “would,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions, and expectations disclosed in the forward-looking statements that we make. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those in the forward-looking statements, including, without limitation, the risks set forth in Part II, Item 1A, “Risk Factors” in this Quarterly Report on Form 10-Q, our Annual Report on Form 10-K for the year ended December 31, 2025, and in our other filings with the Securities and Exchange Commission. We do not assume any obligation to update any forward-looking statements except as required by law.*\n\n \n\n \n\n \n\n \n\n**INNOVATIVE EYEWEAR, Inc.**\n\n \n\n**Table of Contents**\n\n \n\n \n \n \n \n**Page No.**\n\n**Part I. Financial Information**\n \n1\n\n \n \n \n \n \n\n[Item 1.](#a_002)\n \n[Condensed Financial Statements (Unaudited)](#a_002)\n \n1\n\n \n \n \n \n \n\n \n \n[Condensed Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025](#a_003)\n \n1\n\n \n \n \n \n \n\n \n \n[Condensed Statements of Operations for the three months ended March 31, 2026 and 2025 (Unaudited)](#a_004)\n \n2\n\n \n \n \n \n \n\n \n \n[Condensed Statements of Stockholders’ Equity for the three months ended March 31, 2026 and 2025 (Unaudited)](#a_005)\n \n3\n\n \n \n \n \n \n\n \n \n[Condensed Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (Unaudited)](#a_006)\n \n4\n\n \n \n \n \n \n\n \n \n[Notes to the Financial Statements (Unaudited)](#a_007)\n \n5\n\n \n \n \n \n \n\n[Item 2.](#a_008)\n \n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#a_008)\n \n14\n\n \n \n \n \n \n\n[Item 3.](#a_009)\n \n[Quantitative and Qualitative Disclosures About Market Risk](#a_009)\n \n21\n\n \n \n \n \n \n\n[Item 4.](#a_010)\n \n[Controls and Procedures](#a_010)\n \n21\n\n \n \n \n \n \n\n**Part II. Other Information**\n \n22\n\n \n \n \n \n \n\n[Item 1.](#a_012)\n \n[Legal Proceedings](#a_012)\n \n22\n\n \n \n \n \n \n\n[Item 1A.](#a_013)\n \n[Risk Factors](#a_013)\n \n22\n\n \n \n \n \n \n\n[Item 2.](#a_014)\n \n[Unregistered Sales of Equity Securities and Use of Proceeds](#a_014)\n \n22\n\n \n \n \n \n \n\n[Item 3.](#a_015)\n \n[Defaults Upon Senior Securities](#a_015)\n \n22\n\n \n \n \n \n \n\n[Item 4.](#a_016)\n \n[Mine Safety Disclosures](#a_016)\n \n22\n\n \n \n \n \n \n\n[Item 5.](#a_017)\n \n[Other Information](#a_017)\n \n22\n\n \n \n \n \n \n\n[Item 6.](#a_018)\n \n[Exhibits](#a_018)\n \n23\n\n \n \n \n \n \n\n[Signatures](#a_019)\n \n\n \n24\n\n \n\ni\n\n \n\n \n\n**PART I. FINANCIAL INFORMATION**"}