{"url_path":"/sec/lwlg/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1325964/0001553350-26-000087-index.html","accession_number":"0001553350-26-000087","cik":"0001325964","ticker":"LWLG","issuer_name":"Lightwave Logic, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1325964/0001553350-26-000087-index.html","primary_entity_key":"0001325964","primary_entity_name":"Lightwave Logic, Inc."},"word_count":932,"has_tables":true,"body_markdown":"10-Q\n\nfalse\n--12-31\n2026\nQ1\n0001325964\n\n0001325964\n\n2026-01-01\n2026-03-31\n\n0001325964\n\n2026-05-15\n\n0001325964\n\n2026-03-31\n\n0001325964\n\n2025-12-31\n\n0001325964\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nus-gaap:CommonStockMember\n\n2025-12-31\n\n0001325964\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2025-12-31\n\n0001325964\n\nus-gaap:DeferredCompensationShareBasedPaymentsMember\n\n2025-12-31\n\n0001325964\n\nus-gaap:RetainedEarningsMember\n\n2025-12-31\n\n0001325964\n\nus-gaap:CommonStockMember\n\n2024-12-31\n\n0001325964\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2024-12-31\n\n0001325964\n\nus-gaap:DeferredCompensationShareBasedPaymentsMember\n\n2024-12-31\n\n0001325964\n\nus-gaap:RetainedEarningsMember\n\n2024-12-31\n\n0001325964\n\n2024-12-31\n\n0001325964\n\nus-gaap:CommonStockMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nus-gaap:DeferredCompensationShareBasedPaymentsMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nus-gaap:RetainedEarningsMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nus-gaap:CommonStockMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nus-gaap:DeferredCompensationShareBasedPaymentsMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nus-gaap:RetainedEarningsMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nus-gaap:CommonStockMember\n\n2026-03-31\n\n0001325964\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2026-03-31\n\n0001325964\n\nus-gaap:DeferredCompensationShareBasedPaymentsMember\n\n2026-03-31\n\n0001325964\n\nus-gaap:RetainedEarningsMember\n\n2026-03-31\n\n0001325964\n\nus-gaap:CommonStockMember\n\n2025-03-31\n\n0001325964\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2025-03-31\n\n0001325964\n\nus-gaap:DeferredCompensationShareBasedPaymentsMember\n\n2025-03-31\n\n0001325964\n\nus-gaap:RetainedEarningsMember\n\n2025-03-31\n\n0001325964\n\n2025-03-31\n\n0001325964\n\n2021-12-31\n\n0001325964\n\nsrt:ScenarioPreviouslyReportedMember\n\n2024-12-31\n\n0001325964\n\nsrt:RestatementAdjustmentMember\n\n2024-12-31\n\n0001325964\n\nsrt:ScenarioPreviouslyReportedMember\n\n2025-03-31\n\n0001325964\n\nsrt:RestatementAdjustmentMember\n\n2025-03-31\n\n0001325964\n\nlwlg:InvestmentBankMember\nlwlg:UnderwritingAgreementMember\n\n2025-12-01\n2025-12-15\n\n0001325964\n\nlwlg:InstitutionalInvestorMember\nlwlg:PurchaseAgreementMember\n\n2025-03-17\n\n0001325964\n\nlwlg:InstitutionalInvestorMember\nlwlg:PurchaseAgreementMember\n\n2025-03-01\n2025-03-17\n\n0001325964\n\nlwlg:PurchaseAgreementMember\n\n2025-12-01\n2025-12-15\n\n0001325964\n\nlwlg:InvestmentBankingCompanyMember\nlwlg:SalesAgreementMember\n\n2022-12-08\n2022-12-09\n\n0001325964\n\nlwlg:InvestmentBankingCompanyMember\nlwlg:SalesAgreementMember\n\n2026-04-01\n2026-04-20\n\n0001325964\n\nlwlg:InvestmentBankingCompanyMember\nlwlg:SalesAgreementMember\n\n2026-05-01\n2026-05-15\n\n0001325964\n\nlwlg:InvestmentBankingCompanyMember\nlwlg:SalesAgreementMember\n\n2026-05-15\n\n0001325964\n\nlwlg:SalesAgreementMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\n2023-01-01\n2023-12-31\n\n0001325964\n\nlwlg:SalesAgreementMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nlwlg:JointDevelopmentAgreementMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nus-gaap:OfficeEquipmentMember\n\n2026-03-31\n\n0001325964\n\nus-gaap:OfficeEquipmentMember\n\n2025-12-31\n\n0001325964\n\nus-gaap:OtherMachineryAndEquipmentMember\n\n2026-03-31\n\n0001325964\n\nus-gaap:OtherMachineryAndEquipmentMember\n\n2025-12-31\n\n0001325964\n\nus-gaap:FurnitureAndFixturesMember\n\n2026-03-31\n\n0001325964\n\nus-gaap:FurnitureAndFixturesMember\n\n2025-12-31\n\n0001325964\n\nus-gaap:LeaseholdImprovementsMember\n\n2026-03-31\n\n0001325964\n\nus-gaap:LeaseholdImprovementsMember\n\n2025-12-31\n\n0001325964\n\nlwlg:SoftwareMember\n\n2026-03-31\n\n0001325964\n\nlwlg:SoftwareMember\n\n2025-12-31\n\n0001325964\n\n2017-10-01\n2017-10-30\n\n0001325964\n\n2017-10-30\n\n0001325964\n\n2022-11-01\n2022-11-22\n\n0001325964\n\n2022-11-22\n\n0001325964\n\nsrt:MinimumMember\n\n2026-03-31\n\n0001325964\n\nsrt:MaximumMember\n\n2026-03-31\n\n0001325964\n\nlwlg:ResearchAndDevelopmentExpensesMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nlwlg:GeneralAndAdministrativeExpensesMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nlwlg:ResearchAndDevelopmentExpensesMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nlwlg:GeneralAndAdministrativeExpensesMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\n2025-07-01\n2025-07-04\n\n0001325964\n\nlwlg:InstitutionalInvestorMember\nlwlg:TwoThousandTwentyThreePurchaseAgreementMember\n\n2023-02-28\n\n0001325964\n\nlwlg:InstitutionalInvestorMember\nlwlg:TwoThousandTwentyThreePurchaseAgreementMember\n\n2023-02-26\n2023-02-28\n\n0001325964\n\nlwlg:InstitutionalInvestorMember\nlwlg:TwoThousandTwentyThreePurchaseAgreementMember\n\n2023-03-01\n2025-03-31\n\n0001325964\n\nlwlg:InstitutionalInvestorMember\nlwlg:TwoThousandTwentyThreePurchaseAgreementMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nlwlg:InstitutionalInvestorMember\nlwlg:TwoThousandTwentyFivePurchaseAgreementMember\n\n2025-03-17\n\n0001325964\n\nlwlg:InstitutionalInvestorMember\nlwlg:TwoThousandTwentyFivePurchaseAgreementMember\n\n2025-03-18\n2025-04-16\n\n0001325964\n\nlwlg:InvestmentBankMember\nlwlg:SalesAgreementMember\n\n2025-12-17\n\n0001325964\n\nlwlg:InvestmentBankMember\nlwlg:SalesAgreementMember\n\n2025-12-02\n2025-12-17\n\n0001325964\n\nlwlg:InvestmentBankMember\nlwlg:SalesAgreementMember\n\n2025-12-18\n2026-03-31\n\n0001325964\n\nlwlg:InvestmentBankMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nlwlg:InvestmentBankMember\n\n2026-04-01\n2026-04-16\n\n0001325964\n\nlwlg:InvestmentBankingCompanyMember\nlwlg:SalesAgreementMember\n\n2025-12-18\n2026-03-31\n\n0001325964\n\nlwlg:SalesAgreementMember\n\n2026-04-01\n2026-04-20\n\n0001325964\n\nlwlg:SalesAgreementMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nlwlg:SalesAgreementMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nlwlg:SalesAgreementMember\n\n2026-05-01\n2026-05-15\n\n0001325964\n\nlwlg:TwoThousandsSevenPlanMember\n\n2026-03-31\n\n0001325964\n\nlwlg:TwoThousandsSixteenPlanMember\n\n2026-03-31\n\n0001325964\n\nlwlg:TwoThousandsSixteenPlanMember\nsrt:MinimumMember\n\n2019-05-16\n\n0001325964\n\nlwlg:TwoThousandsSixteenPlanMember\nsrt:MaximumMember\n\n2019-05-16\n\n0001325964\n\nlwlg:TwoThousandsSixteenPlanMember\nsrt:MinimumMember\n\n2023-05-25\n\n0001325964\n\nlwlg:TwoThousandsSixteenPlanMember\nsrt:MaximumMember\n\n2023-05-25\n\n0001325964\n\nlwlg:RestrictedStockAwardsMember\nlwlg:TwoThousandsSixteenPlanMember\n\n2026-03-31\n\n0001325964\n\nus-gaap:RestrictedStockUnitsRSUMember\nlwlg:TwoThousandsSixteenPlanMember\n\n2026-03-31\n\n0001325964\n\nlwlg:PerformanceUnitAwardsMember\nlwlg:TwoThousandsSixteenPlanMember\n\n2026-03-31\n\n0001325964\n\nlwlg:TwoThousandsTwentyFivePlanMember\n\n2026-03-31\n\n0001325964\n\nlwlg:TwoThousandsTwentyFivePlanMember\nus-gaap:RestrictedStockUnitsRSUMember\n\n2026-03-31\n\n0001325964\n\nlwlg:TwoThousandsTwentyFivePlanMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nsrt:MinimumMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nsrt:MaximumMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nlwlg:RestrictedStockAwardsMember\n\n2026-03-31\n\n0001325964\n\nlwlg:RestrictedStockAwardsMember\n\n2025-03-31\n\n0001325964\n\nus-gaap:RestrictedStockUnitsRSUMember\n\n2026-03-31\n\n0001325964\n\nus-gaap:RestrictedStockUnitsRSUMember\n\n2025-03-31\n\n0001325964\n\nlwlg:StockOptionsMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nlwlg:StockOptionsMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nlwlg:RestrictedStockAwardsMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nlwlg:RestrictedStockAwardsMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nus-gaap:RestrictedStockUnitsRSUMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nus-gaap:RestrictedStockUnitsRSUMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nlwlg:NonQualifiedStockOptionsAndWarrantsMember\n\n2025-12-31\n\n0001325964\n\nlwlg:NonQualifiedStockOptionsAndWarrantsMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nlwlg:NonQualifiedStockOptionsAndWarrantsMember\n\n2026-03-31\n\n0001325964\n\nlwlg:NonQualifiedStockOptionsAndWarrantsMember\nlwlg:ExercisePriceRangeOneMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nlwlg:NonQualifiedStockOptionsAndWarrantsMember\nlwlg:ExercisePriceRangeOneMember\n\n2026-03-31\n\n0001325964\n\nlwlg:NonQualifiedStockOptionsAndWarrantsMember\nlwlg:ExercisePriceRangeTwoMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nlwlg:NonQualifiedStockOptionsAndWarrantsMember\nlwlg:ExercisePriceRangeTwoMember\n\n2026-03-31\n\n0001325964\n\nlwlg:RestrictedStockAwardsMember\n\n2025-12-31\n\n0001325964\n\nus-gaap:RestrictedStockUnitsRSUMember\n\n2025-12-31\n\n0001325964\n\nlwlg:OptionsAndWarrantsMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nlwlg:OptionsAndWarrantsMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nlwlg:NonVestedRestrictedStockUnitsMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nlwlg:NonVestedRestrictedStockUnitsMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nus-gaap:RelatedPartyMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nus-gaap:RelatedPartyMember\n\n2025-12-31\n\n0001325964\n\nsrt:DirectorMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nsrt:DirectorMember\n\n2025-12-31\n\n0001325964\n\nlwlg:MembersOfBoardOfDirectorsAndAdvisoryBoardMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nlwlg:MembersOfBoardOfDirectorsAndAdvisoryBoardMember\n\n2025-12-31\n\n0001325964\n\nlwlg:OutsideTheUnitedStatesMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nlwlg:OutsideTheUnitedStatesMember\n\n2025-01-01\n2025-03-31\n\n0001325964\n\nus-gaap:SalesRevenueNetMember\nus-gaap:GeographicConcentrationRiskMember\ncountry:CH\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nus-gaap:SalesRevenueNetMember\nus-gaap:GeographicConcentrationRiskMember\ncountry:CH\n\n2025-01-01\n2025-03-31\n\n0001325964\n\ncountry:US\n\n2026-03-31\n\n0001325964\n\ncountry:US\n\n2025-12-31\n\n0001325964\n\nus-gaap:SalesRevenueNetMember\nus-gaap:CustomerConcentrationRiskMember\nlwlg:OneCustomerMember\n\n2026-01-01\n2026-03-31\n\n0001325964\n\nus-gaap:SalesRevenueNetMember\nus-gaap:CustomerConcentrationRiskMember\nlwlg:OneCustomerMember\n\n2025-01-01\n2025-03-31\n\niso4217:USD\n\nxbrli:shares\n\niso4217:USD\n\nxbrli:shares\n\nxbrli:pure\n\nutr:sqft\n\n****\n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n**_____________________**\n\n \n\n**FORM 10-Q**\n\n**____________________**\n\n**(Mark One)**\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**OR**\n\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 \n\nCommission File Number **001-40766**\n\n \n\n**Lightwave Logic, Inc.**\n\n(Exact name of registrant as specified in its charter)\n\n \n\n**Nevada**\n\n(State or other jurisdiction of\n\nincorporation or organization)\n\n**82-0497368**\n\n (I.R.S. Employer Identification No.)\n\n \n\n**369 Inverness Parkway, Suite 350**\n\n**Englewood, CO**\n\n(Address of principal executive offices)\n\n**80112**\n\n(Zip Code)\n\n \n\n**(720) 340-4949**\n\n(Registrant’s telephone number, including\narea code)\n\n \n\nSecurities registered pursuant to Section 12(b)\nof the Act:\n\n \n\nTitle of each class\nTrading Symbol(s)\nName of exchange on which registered\n\n**Common Stock, $0.001 par value per share**\n**LWLG**\n**The Nasdaq Stock Market**\n\n \n\nIndicate\nby check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange\nAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)\nhas been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\n \n\nIndicate\nby check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule\n405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was\nrequired to submit such files). Yes ☒ No ☐\n\n \n\nIndicate by check mark whether\nthe registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging\ngrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting\ncompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:\n\n \n\nLarge accelerated filer ☐\nAccelerated filer                  ☐\n\nNon-accelerated filer   ☒\nSmaller reporting company ☒\n\n \nEmerging growth company ☐\n\n \n\nIf\n \nan emerging growth company, indicate by checkmark 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\nby check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) Yes ☐ No ☒\n\n  \n\nThe\nnumber of shares of the registrant’s common stock outstanding as of May 15, 2026 was 154,079,632.\n\n   \n\n \n\n \n\n \n\n**TABLE OF CONTENTS**\n\n \n\n \n \n**Page** \n\n \n \n \n\nPart I\n[Financial Information](#a_001)\n1"}