Lightwave Logic, Inc. (LWLG): auditor change — Lightwave Logic restates Q2 2025 financials; stock option expense error

Lightwave Logic, Inc.

Audit Committee finds Q2 2025 financials unreliable due to incorrect expense treatment of net shares in non-cash option exercises.
Non-cash compensation expense overstated by $705,499, decreasing net loss by the same amount.
Correction also decreases additional paid-in capital; no cash impact.
Company will file Amendment No. 1 to its Q2 2025 Form 10-Q.
Management discussed the restatement with its independent registered public accounting firm.

item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.95

Lightwave Logic, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

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.

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Source: SEC EDGAR

accession 0001079973-26-000096

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