Lightwave Logic, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-6.6M | $-6.3M | $-5.5M | $-5.1M | $-5.0M | $-4.7M | $-5.5M | $-5.3M |
| Depreciation & Amortization | $490.9K | $496.4K | $468.8K | $491.5K | $488.1K | $455.0K | $442.1K | $435.9K |
| Depreciation | $471.6K | $477.8K | $467.2K | $464.2K | $461.2K | $428.5K | $415.0K | $387.0K |
| Amortization | $19.3K | $18.5K | $1.6K | $27.3K | $26.9K | $26.5K | $27.1K | $48.9K |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $-5.8M | $-4.1M | $-3.3M | $-3.2M | $-3.8M | $-3.5M | $-3.1M | $-3.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.1M | $450.5K | $378.6K | $59.3K | $40.4K | $853.5K | $332.0K | $349.6K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-49.9M | $-621.4K | $-590.8K | $-224.2K | $-102.8K | $-899.4K | $-419.3K | $-625.4K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $27.8M | $10.8M | $38.0M | $16.2M | $934.5K | $1.8M | $4.3M | $1.9M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $-6.9M | $-4.5M | $-3.7M | $-3.2M | $-3.8M | $-4.3M | $-3.5M | $-3.9M |