Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 1245

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 7A
Chunk 1245
---
 to ICT Investments for accounting
services and SEC filing related work, accordingly.

For
the year ending December 31,2024, $5,780,578 was distributed to an affiliate party Fonon Corporation. The financial statements are adjusted
to reflect the Fonon Corporation amounts as distribution to affiliate. The majority of the distributions is related to payroll costs. In addition,
there are certain shared facility and overhead costs that are allocated in the distribution.

For
the year ended December 31, 2024, affiliate revenue totaled $47,515.

Related party accounts payable due to Fonon
Technologies Incorporated balance as of December 31, 2024 was $27,988.

NOTE
4 – STOCKHOLDERS’ EQUITY/DEFICIT

General

The
following description of our securities and certain provisions of our amended and restated certificate of incorporation and amended and
restated bylaws are summaries and are qualified by reference to the amended and restated certificate of incorporation and our bylaws
that will be in effect on the closing of this offering. Copies of these documents have been filed with the SEC as exhibits to our registration
statement, of which this prospectus forms a part. The descriptions of the Shares, and preferred stock reflect changes to our capital
structure that will be in effect on the closing of this offering.

Preferred
Stock

    ●
    Par value: $0.001

    ●
    Authorized: 10,000,000

    ●
    Issued: There were no preferred shares issued and outstanding
    as of December 31, 2023, and 2024.

Common
Stock

    ●
    Par value: $0.001

    ●
    Authorized: 100,000,000

    ●
    14,282,395
and 9,253,419
issued and 14,257,458 and 9,228,482 outstanding
 as December 31, 2024 and December 31, 2023, respectively.

    F-15

Warrants

●On
                                            September 6, 2024, 1,500,000 Warrants to Purchase Common stock were issued under PIPE Offering
                                            with Aegis Capital Cop. As Agent.

●In
                                            October and November were exercised 450,00 Warrants to Purchase for Common Stock.

●As
                                            of December 31, 2024, there were 1,050,000 Warrants to Purchase