Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 352

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 352
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 annually.

We
utilize third parties and consultants to assist in the identification and assessment of risks, including to support tabletop exercises
and to conduct security testing.

Further,
we have processes in place to evaluate potential risks from cybersecurity threats associated with our use of third-party service providers
that will have access to Company data, including a review process for such providers’ cybersecurity practices, risk assessments,
contractual requirement, and system monitoring.

We
continue to evaluate and enhance our systems, controls, and processes where possible, including in response to actual or perceived threats
specific to us or experienced by other companies.

Although
risks from cybersecurity threats have to date not materially affected us, our business strategy, results of operations or financial condition,
we have, from time to time, experienced threats to and breaches of our and our third-party vendors’ data and systems. For more
information, please see Item 1A. Risk Factors, the section titled “Risk Factors—Risks Related to our Business and Our Industry—
Internal system or service failures could disrupt our business and impair our ability to effectively provide our services and products
to our customers, which could damage our reputation and adversely affect our revenues and profitability.” and “As
a U.S. defense contractor, we are vulnerable to security threats and other disruptions that could negatively impact our business.”

Risk
Management Oversight and Governance

The
Board of Directors has oversight of the Company’s cybersecurity program and has delegated the quarterly assessments and management
of cybersecurity risks to the Audit Committee.

Our
IT Manager and our IT Administrator oversee our information security program and lead our information security team. Our IT Manager has
primary responsibility for assessing and managing our cybersecurity threat management program, informed by over ten years of experience
leading cross-functional organizations in the development and operation of large-scale systems.

35

Our
IT Manager reports quarterly to the Audit Committee of the Board of Directors on the information   security program and related
cyber risks and provides an annual update to the Board of Directors on the Company’s overall risk management strategy, which includes
addressing cybersecurity risks. Any cybersecurity incidents at the Company are reported to the Audit Committee by the IT Manager.

ITEM
2. PROPERTIES

On
December 1, 2019, we entered a sub-lease with ICT Investments for 5,000 sf of manufacturing space on a month-to-month basis at $4,050
per month. In January 2020, we expanded the lease with ICT Investments to include the entire facility of 18,000