Lightwave Logic, Inc. 8-K

What Happened

• On January 16, 2026, Lightwave Logic’s Audit Committee, after consulting with management, concluded that the Company’s previously issued financial statements for the quarter ended June 30, 2025 should no longer be relied upon.
• The company found it incorrectly expensed part of the value of net shares issued in non-cash stock option exercises as compensation expense; the correction decreases non-cash compensation expense by $705,499.
• Lightwave Logic intends to file Amendment No. 1 to its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 and has discussed the matter with its independent registered public accounting firm.

Key Details

• Date of Audit Committee conclusion: January 16, 2026.
• Amount of correction: $705,499 reduction in non-cash compensation expense.
• Financial effects: corresponding decrease to additional paid-in capital and a decrease to net loss for the quarter ended June 30, 2025.
• Action: Company will file an amended Form 10-Q (Amendment No. 1) to correct the error and update disclosures.

Why It Matters

• This is a correction to previously reported quarterly results (non-cash adjustment), not an operational cash change—cash flows and revenue were not reported as affected in the filing.
• The adjustment improves reported net loss for the June 30, 2025 quarter and reduces equity (additional paid-in capital), which investors should note when reviewing the company’s quarterly financials or trend in losses.
• Because the Audit Committee concluded the prior statements should no longer be relied upon, investors should review the forthcoming amended 10-Q for the corrected figures and related disclosures before making decisions based on the original filing.