Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 202

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 202
---
-Kickback
Act. Other examples could include the failure to comply with our policies and procedures or with federal, state or local government procurement
regulations, regulations regarding the use and safeguarding of classified or other protected information, legislation regarding the pricing
of labor and other costs in government contracts, laws and regulations relating to environmental, health or safety matters, bribery of
foreign government officials, import-export control, lobbying or similar activities, and any other applicable laws or regulations. Any
data loss or information security lapses resulting in the compromise of personal information or the improper use or disclosure of sensitive
or classified information could result in claims, remediation costs, regulatory sanctions against us, loss of current and future contracts
and serious harm to our reputation. Although we have implemented policies, procedures and controls to prevent and detect these activities,
these precautions may not prevent all misconduct, and as a result, we could face unknown risks or losses. Our failure to comply with
applicable laws or regulations or misconduct by any of our employees, subcontractors, agents or business partners could damage our reputation
and subject us to fines and penalties, restitution or other damages, loss of security clearance, loss of current and future customer
contracts and suspension or debarment from contracting with federal, state or local government agencies, any of which would adversely
affect our business, reputation and our future results.

We
may fail to obtain and maintain necessary security clearances, which may adversely affect our ability to perform on certain anticipated
U.S. government contracts and depress our potential revenues.

Many
U.S. Government programs require contractors to have security clearances. Depending on the level of required clearance, security clearances
can be difficult and time-consuming to obtain. If we or our employees are unable to obtain or retain necessary security clearances, we
may not be able to win new business, and our existing clients could terminate their contracts with us or decide not to renew them. To
the extent we are not able to obtain and maintain facility security clearances or engage employees with the required security clearances
for a particular contract, we may not be able to bid on or win new contracts, or effectively rebid on expiring contracts, as well as
lose existing contracts, which may adversely affect our operating results and inhibit the execution of our growth strategy.

Our
future revenues and growth prospects could be adversely affected by our dependence on other contractors.

If
other contractors with whom we have contractual relationships either as a prime contractor or subcontractor eliminate or reduce