Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 323

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 323
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purchase products from vendors on a global basis as components to include in our finished laser-based cleaning equipment. In the event
we were to lose one of our significant vendor partners, our business could be adversely affected.

We
expect to enter joint ventures, teaming and other arrangements, and these activities involve risks and uncertainties.

We
expect to enter joint ventures, teaming and other arrangements. These activities involve risks and uncertainties, including the risk
of the joint venture or applicable entity failing to satisfy its obligations, which may result in certain liabilities to us for guarantees
and other commitments, the challenges in achieving strategic objectives and expected benefits of the business arrangement, the risk of
conflicts arising between us and our partners and the difficulty of managing and resolving such conflicts, and the difficulty of managing
or otherwise monitoring such business arrangements.

Our
business and operations expose us to numerous legal and regulatory requirements and any violation of these requirements could harm our
business.

We
are subject to numerous federal, state and foreign legal requirements on matters as diverse as data privacy and protection, employment
and labor relations, immigration, taxation, anticorruption, import/export controls, trade restrictions, internal and disclosure control
obligations, securities regulation and anti- competition. Compliance with diverse and changing legal requirements is costly, time-consuming
and requires significant resources. We are also focused on expanding our business in certain identified growth areas, such as energy
and environment, which are highly regulated and may expose us to increased compliance risk. Violations of one or more of these diverse
legal requirements in the conduct of our business could result in significant fines and other damages, criminal sanctions against us
or our officers, prohibitions on doing business and damage to our reputation. Violations of these regulations or contractual obligations
related to regulatory compliance in connection with the performance of customer contracts could also result in liability for significant
monetary damages, fines and/or criminal prosecution, unfavorable publicity and other reputational damage, restrictions on our ability
to compete for certain work and allegations by our customers that we have not performed our contractual obligations.

As
a manufacturer of laser cleaning equipment and laser processing systems our future success depends on our ability to effectively balance
manufacturing production with market demand and reducing our manufacturing cost per watt.

Our
ability to generate the profits we expect to achieve will depend, in part, on our ability to respond to market demand and add new manufacturing
capacity in a cost-effective manner. In addition, we must continue to increase the efficiency of our manufacturing process to compete