Lightwave Logic, Inc. (LWLG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 76.5M | 69.81M | 35.46M | 22.76M | 25.55M | 28.12M | 27.47M | 29.96M | 32.26M | 32.7M | 31.44M | 33.45M | 26.87M | 25.36M | 26.26M | 25.61M | 24.55M | 23.66M | 12.54M | 14.35M |
| Cash & Short-Term Investments | 75.1M | 69.02M | 34.94M | 22.11M | 25.05M | 27.67M | 26.88M | 29.2M | 31.51M | 31.43M | 30.88M | 32.64M | 26.17M | 24.1M | 25.02M | 24.83M | 24.34M | 23.43M | 12.19M | 13.91M |
| Cash Only | 75.1M | 69.02M | 34.94M | 22.11M | 25.05M | 27.67M | 26.88M | 29.2M | 31.51M | 31.43M | 30.88M | 32.64M | 26.17M | 24.1M | 25.02M | 24.83M | 24.34M | 23.43M | 12.19M | 13.91M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 215.75K | 190.75K | 35.75K | 10.75K | 18.75K | 45.56K | 26.81K | 8.06K | 56.76K | 34.86K | 38.74K | 38.74K | 0 | 655.79K | 588.18K | 0 | 0 | 0 | 0 | 0 |
| Days Sales Outstanding | 627.17 | 65.46 | 73.35 | 52.43 | 126.29 | 145.28 | 70.01 | 152.39 | 137.05 | 83.58 | - | - | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 89.88K | 475.94K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | 58.69 | 118.19 | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 746.63K | 601.1K | 482.69K | 638.86K | 20.86K | 53.55K | 95.06K | 760.89K | 436.95K | 757.2K | 524.29K | 726.14K | 419.47K | 537.83K | 580.93K | 228.04K | 92.57K | 33.04K | 346.57K | 77.32K |
| Total Non-Current Assets | 9.41M | 11.86M | 9.33M | 9.68M | 10.09M | 9.69M | 9.76M | 9.83M | 9.48M | 9.08M | 7.66M | 7.1M | 3.94M | 3.91M | 3.89M | 3.39M | 3.5M | 3.56M | 3.59M | 3.65M |
| Property, Plant & Equipment | 7.58M | 7.66M | 7.81M | 8.27M | 8.71M | 8.34M | 8.47M | 8.56M | 8.19M | 7.83M | 6.48M | 5.93M | 2.82M | 2.88M | 3.06M | 2.55M | 2.63M | 2.72M | 2.72M | 2.76M |
| Fixed Asset Turnover | 0.00x | 0.02x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.01x | - | - | - | - | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.83M | 1.71M | 1.51M | 1.41M | 1.37M | 1.36M | 1.3M | 1.28M | 1.29M | 1.25M | 1.18M | 1.17M | 1.12M | 1.03M | 836.98K | 846.4K | 865.76K | 848.13K | 866.2K | 890.33K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 85.91M | 81.67M | 44.79M | 32.44M | 35.64M | 37.81M | 37.24M | 39.8M | 41.74M | 41.78M | 39.1M | 40.55M | 30.81M | 29.26M | 30.15M | 29.01M | 28.05M | 27.23M | 16.13M | 17.99M |
| Asset Turnover | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | - | - | - | - | - | - | - | - | - | - |
| Asset Growth % | 141.06% | 116.01% | 20.28% | -18.5% | -14.61% | -9.51% | -4.78% | -1.86% | 35.47% | 42.78% | 29.7% | 39.8% | 9.84% | 7.47% | 86.91% | 61.2% | 167.22% | 269.61% | 151.12% | 174.28% |
| Total Current Liabilities | 2.25M | 2.14M | 1.14M | 1.1M | 1.54M | 1.79M | 1.12M | 1.49M | 1.81M | 2.58M | 872.48K | 917.57K | 830.48K | 1.5M | 1.09M | 723.97K | 848.95K | 1.59M | 656.95K | 487.54K |
| Accounts Payable | 779.72K | 534.19K | 388.47K | 467.96K | 528.67K | 515.96K | 449.75K | 917.97K | 1M | 1.45M | 521.13K | 638.03K | 364.54K | 891.84K | 746.34K | 333.15K | 396.18K | 215.73K | 187.51K | 134.89K |
| Days Payables Outstanding | 107.25 | 81.19 | 72.51 | 13.09K | 23.18K | 45.14K | 50.9K | - | 253.91 | 244.44 | 170.82 | 150.95 | 175.77 | 262.64 | - | 131.49 | 112.78 | - | - | - |
| Short-Term Debt | 201.82K | 194.77K | 0 | 0 | 0 | 0 | 0 | 0 | 149.96K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 2.38K | 6.54K | 10.71K | 14.88K | 0 | 0 | 0 | 31.54K | 35.71K | 39.88K | 50K | 50K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.27M | 0 | 151.09K | 0 | 19.04K | 23.21K | 34.34K | 169.67K | 625.5K | 351.78K | 41.78K | 41.78K | 41.78K | 41.78K | 41.78K | 41.78K | 41.78K | 41.78K | 41.78K | 41.78K |
| Current Ratio | 33.99x | 32.69x | 31.06x | 20.72x | 16.62x | 15.75x | 24.48x | 20.08x | 17.81x | 12.66x | 36.03x | 36.45x | 32.36x | 16.86x | 24.11x | 35.38x | 28.92x | 14.92x | 19.09x | 29.43x |
| Quick Ratio | 33.99x | 32.69x | 31.06x | 20.72x | 16.62x | 15.75x | 24.48x | 20.08x | 17.76x | 12.48x | 36.03x | 36.45x | 32.36x | 16.86x | 24.11x | 35.38x | 28.92x | 14.92x | 19.09x | 29.43x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | -58.18 | -42.67 | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 2.35M | 4.89M | 2.45M | 2.5M | 2.55M | 2.6M | 2.64M | 2.69M | 2.73M | 2.77M | 2.81M | 2.86M | 146.49K | 206.43K | 265.56K | 323.92K | 381.5K | 438.33K | 494.41K | 549.76K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 2.35M | 2.4M | 2.45M | 2.5M | 2.55M | 2.6M | 2.64M | 2.69M | 2.73M | 2.77M | 2.8M | 2.84M | 118.64K | 168.13K | 216.82K | 264.73K | 311.87K | 358.25K | 403.89K | 448.8K |
| Deferred Tax Liabilities | 0 | 2.48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.96K | 17.41K | 27.85K | 38.3K | 48.74K | 59.19K | 69.63K | 80.08K | 90.52K | 100.96K |
| Total Liabilities | 4.6M | 7.02M | 3.6M | 3.6M | 4.09M | 4.38M | 3.76M | 4.18M | 4.54M | 5.35M | 3.68M | 3.78M | 976.97K | 1.71M | 1.35M | 1.05M | 1.23M | 2.02M | 1.15M | 1.04M |
| Total Debt | 2.55M | 2.6M | 2.64M | 2.69M | 2.73M | 2.77M | 2.8M | 2.84M | 2.88M | 2.91M | 2.94M | 2.97M | 311.87K | 358.25K | 403.89K | 448.8K | 492.98K | 536.45K | 579.22K | 621.3K |
| Net Debt | -72.55M | -66.42M | -32.3M | -19.42M | -22.32M | -24.9M | -24.08M | -26.35M | -28.63M | -28.52M | -27.93M | -29.66M | -25.86M | -23.74M | -24.62M | -24.38M | -23.84M | -22.9M | -11.62M | -13.29M |
| Debt / Equity | 0.03x | 0.03x | 0.06x | 0.09x | 0.09x | 0.08x | 0.08x | 0.08x | 0.08x | 0.08x | 0.08x | 0.08x | 0.01x | 0.01x | 0.01x | 0.02x | 0.02x | 0.02x | 0.04x | 0.04x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 81.31M | 74.65M | 41.19M | 28.83M | 31.55M | 33.42M | 33.47M | 35.62M | 37.2M | 36.43M | 35.42M | 36.78M | 29.83M | 27.55M | 28.79M | 27.96M | 26.82M | 25.2M | 14.98M | 16.96M |
| Equity Growth % | 157.73% | 123.33% | 23.06% | -19.05% | -15.19% | -8.26% | -5.5% | -3.14% | 24.69% | 32.23% | 23.01% | 31.53% | 11.24% | 9.32% | 92.24% | 64.88% | 181.87% | 336.4% | 232.07% | 264.89% |
| Book Value per Share | 0.55 | 0.55 | 0.32 | 0.23 | 0.25 | 0.27 | 0.28 | 0.30 | 0.31 | 0.31 | 0.30 | 0.32 | 0.26 | 0.24 | 0.26 | 0.25 | 0.24 | 0.23 | 0.14 | 0.16 |
| Total Shareholders' Equity | 81.31M | 74.65M | 41.19M | 28.83M | 31.55M | 33.42M | 33.47M | 35.62M | 37.2M | 36.43M | 35.42M | 36.78M | 29.83M | 27.55M | 28.79M | 27.96M | 26.82M | 25.2M | 14.98M | 16.96M |
| Common Stock | 150.5K | 146.05K | 132.71K | 126.47K | 124.66K | 123.3K | 121.47K | 120.71K | 119.8K | 118.14K | 116.68K | 116.19K | 114.1K | 112.88K | 112.38K | 111.89K | 111.1K | 110.56K | 108.37K | 107.34K |
| Retained Earnings | -173.61M | -167.31M | -165.88M | -160.78M | -155.1M | -150.41M | -144.87M | -139.57M | -133.55M | -127.87M | -122.93M | -117.77M | -112.31M | -106.83M | -101.76M | -96.96M | -93.16M | -89.6M | -81.49M | -77.25M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -160.19K | -203.46K | -272.31K | 0 | -456.58K | -656.74K | -506.93K | -536.71K | -368.09K | -432.29K | 0 | 0 | -579.82K | 0 | 0 | -231.8K | -252.09K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |