Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 231

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 231
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,518,827) 
     (3,318,172)
  
    Income (Loss) per Common Share 
    $(0.22) 
    $(0.37)

Balance
sheet data:

    December 31, 

    2024  
    2023 
  
    Balance sheet data: 

    Cash 
    $533,871  
    $6,201,137 
  
    Total Assets 
     17,152,147  
     15,124,087 
  
    Current Liabilities 
     2,573,435  
     1,031,844 
  
    Total Liabilities 
    $6,939,854  
    $1,194,835 

38

Cash
flow data:

    Year ended December 31 

    2024  
    2023 
  
    Net cash provided by Operating Activities 
    $(9,138,555) 
    $(5,470,567)
  
    Net cash provided by Investing Activities 
     (977,821) 
     (484,855)
  
    Net cash provided by Financing Activities 
     4,449,110  
     (25,240)
  
    Net cash increase for period 
     (5,667,266) 
     (5,980,662)
  
    Cash at the beginning of period 
     6,201,137  
     12,181,799 
  
    Cash at end of period 
    $533,871  
    $6,201,137 

Other
financial data (audited)

    Year Ended December 31, 

    2024 (Audited)  
    2023 Restated 
  
    Other financial data (audited): 

    EBITDA(1) 
    $230,976  
    $(2,794,791)
  
    Adjusted EBITDA(2) 
    $230,976  
    $(2,794,791)

In
addition to providing financial measurements based on generally accepted accounting principles in the United States (GAAP), we provide
the following additional financial metrics that are not prepared in accordance with GAAP (non-GAAP): EBITDA and adjusted EBITDA. Management
uses these non-GAAP financial measures, in addition to GAAP financial measures, to understand and compare operating results across accounting
periods,