2.4.0.8109 - Disclosure - SUBSEQUENT EVENTStruefalsefalse1false falsefalsefrom-2013-01-01-to-2013-06-30.4034.0.0.0.0.0.0.0http://www.sec.gov/CIK0001325964duration2013-01-01T00:00:002013-06-30T00:00:002false falsefalsefrom-2012-01-01-to-2012-12-31.4025.0.0.0.0.0.0.0http://www.sec.gov/CIK0001325964duration2012-01-01T00:00:002012-12-31T00:00:001true 1us-gaap_SubsequentEventsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0SUBSEQUENT EVENTS [Abstract]2false 2us-gaap_SubsequentEventsTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div> <div> <div style="DISPLAY: block; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold; LINE-HEIGHT: 11.4pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: justify; TEXT-INDENT: 0pt"> NOTE 9 - SUBSEQUENT EVENTS</div> <div style="DISPLAY: block; LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt">  </div> <div style="DISPLAY: block; FONT-FAMILY: Arial; FONT-SIZE: 10pt; LINE-HEIGHT: 11.4pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left; TEXT-INDENT: 0pt"> During July 2013, the Company issued a warrant to purchase 100,000 shares of common stock at a purchase price of $0.90 per share for accounting services rendered commencing July 1, 2013.  The warrant was valued at $48,915 using the Black-Scholes Option Pricing Formula, vesting over the next twelve months with 8,333 vesting each month for the first eleven months and 8,337 vesting the twelfth month from date of grant.  The warrant expires in five years.  The expense is being recognized based on service terms of the agreement over a twelve month period.</div> <div style="DISPLAY: block; LINE-HEIGHT: 13.7pt; TEXT-INDENT: 0pt"> <br /> </div> </div> </div>falsefalsefalse2falsefalsefalse00<div> <div> <p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px; text-align: justify"> <strong>NOTE 10 - SUBSEQUENT EVENTS</strong></p> <p style="MARGIN: 0px; text-align: justify"><br /> </p> <p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px; text-align: justify"> During January 2013, warrants for 600,000 shares issued in April 2008 at an exercise price of $0.73 and an expiration date of April 2013 were amended to 400,000 shares at an exercise price of $0.73 expiring October 2013 and 200,000 shares were rescinded.</p> <p style="MARGIN: 0px"><br /> </p> <p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px; text-align: justify"> During February, 2013 through March, 2013, the institutional investor under the Company's May 2011 agreement purchased 911,385 shares of common stock for proceeds of $1,000,000.  The Company issued 15,085 shares of common stock as additional commitment fee, valued at $19,550, fair value.</p> <p style="MARGIN: 0px; text-align: justify"><br /> </p> <p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px; text-align: justify"> In March 2013, a new employee was granted an option to purchase up to 75,000 shares of common stock at an exercise price of $1.16 per share.  Using the Black-Scholes Option Pricing Formula, the options were valued at $81,076, fair value.  These options expire in 10 years and 9,375 shares vest quarterly commencing June 1, 2013.  The option will be expensed over the vesting terms.  </p> <p style="MARGIN: 0px; text-align: justify"><br /> </p> <p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px; text-align: justify"> On March 12, 2013, the Company entered into an agreement with EM Photonics to co-develop an advanced telecom modulator.</p> <p style="MARGIN: 0px; text-align: justify"><br /> </p> <p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px; text-align: justify"> During March 2013, the warrants issued under the July 2010 private placement memorandum as amended in September 2010, were extended three months with 156,250 warrants expiring on June 30, 2013 and 178,750 warrants expiring on September 8, 2013.</p> <p style="MARGIN: 0px; text-align: justify"><br /> </p> </div> </div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.No definition available.false0SUBSEQUENT EVENTSfalseSUBSEQUENT EVENTSUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://lightwavelogic.com/role/SubsequentEvents22