Company: LASE
Filing Date: 2025-12-23
Form Type: 10-Q
Source: 0001493152-25-028857
Chunk: 34

Company: Laser Photonics Corp
Filing Date: 2025-12-23
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 rent for the year 2025 is $50,354.

As
of January 1, 2020, we adopted ASU 2016-02 employing the cumulative-effect adjustment transition method. As of September 30, 2025, our
balance sheet shows $4,255,722,
as a Right-of-use asset for operating leases, $283,650
as a current operating lease liability, and $4,207,901
as a lease liability less the current portion.

 SCHEDULE OF OPERATING LEASE EXPENSE

    Operating
    Lease 
    Remaining
    Term in Years
  
    2025 
     236,363  

    2026 
     641,052  

    2027 
     660,284  

    2028 
     680,092  

    2029 
     700,495  

    2030 
     721,510  

    2031 
     743,155  

    2032 
     765,450  

    2033 
     788,413  

    2034 
     812,065  

    2035 
     418,214  

    Total
    lease payments 
     7,167,093  

    Less
    : Imputed interest 
     (2,675,542) 

    Present
    Value of Lease Liabiltiy 
     4,491,551  
     10.5 

NOTE
6 – SUBSEQUENT EVENTS

The Company’s management has evaluated subsequent
events from the balance sheet date through the date these financial statements were issued. On October 2, 2025, the Company issued 130,000
shares of restricted Common Stock to FMW Media Works LLC as compensation considered in the Consulting Services Agreement signed between
the Company and FMW Media Works LLC, on August 11, 2025.

15

ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
following discussion of our financial condition and results of operations should be read in conjunction with our unaudited financial
statements and the notes to those financial statements appearing elsewhere in this Report.

Certain
statements in this Report constitute forward-looking statements. These forward-looking statements include statements which involve risks
and uncertainties, regarding, among other things, (a) our projected sales,