Lightwave Logic Inc (LWLG)

[frobinso]

I liked the experience with M&A, and revenue accounting (ASC 606). ASC 606 regulations came in around 2018 to give more visibility to off-balance-sheet You would need this expertise when for example, when the amount of goo needed to fill a glass of wine may power thousands of devices. You need to develop those revenue vs "cost to produce" models into your reporting, which ultimately impact how your sales contracts will be written, with things such as tiered volume discounts, special foundry runs that bring premium pricing to the foundries, etc. They need this expertise to finalize their sales contracts, licensing & tech transfer agreements.

Controller will look at the Intellectual Property expense & the R&D costs that went into developing the various versions of Perkinamine. How do you capture & quantify those costs to take them against the revenue that is about to hit? This new hire will be helping in these areaa, and that expertise may be just what is needed to finalization commercial sales & licensing agreements.

This I believe is a very good sign.