UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On January 16, 2026, the Audit Committee of the Board of Directors of Lightwave Logic, Inc. (the “Company”), following consultation with management, concluded that the Company’s previously issued financial statements for the quarter ended June 30, 2025 should no longer be relied upon due to the Company having incorrectly expensed a portion of the value of the net shares issued by the Company in non-cash stock option exercises as compensation expense.
The Company determined that the value of the net shares issued in non-cash option exercises incorrectly expensed in the original filing overstated compensation expense. The correction decreased non-cash compensation expense by $705,499 and resulted in a corresponding decrease to additional paid-in capital for the period ended June 30, 2025. This non-cash adjustment also resulted in a corresponding decrease to net loss for the quarter.
The Company intends to file Amendment No. 1 to its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, to correct this error and update related disclosures.
The Company’s management has discussed these matters with its independent registered public accounting firm.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LIGHTWAVE LOGIC, INC. | ||
| By: | /s/ Snizhana Quan | |
| Name: | Snizhana Quan |
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| Title: | Principal Financial Officer and Principal Accounting Officer |
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Dated: January 20, 2026