Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 287

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 287
---
,169  
    $0  
     -408,169 
  
    Net
    Cash From (Used In) Investing Activities 
    $-484,805  
    $-50  
     -484,855 

    FINANCING
    ACTIVITIES 

    Proceeds
    from (Repayment of) Notes 

    Proceeds
    from (Repayment of) PPP Loan 

    Dividends
    Paid 
    $-  
    $

    Proceeds
    from Sale of Common Stock 
    $-25,240  
    $0  
     -25,240 
  
    Net
    Cash From (Used In) Financing Activities 
    $-25,240  
    $0  
     -25,240 
  
    Net
    Cash Flow for Period 
    $-5,980,663  
    $-1  
     -5,980,662 
  
    Cash
    - Beginning of Period 
    $12,181,799  
    $0  
     12,181,799 
  
    Cash
    - End of Period 
    $6,201,136  
    $-1  
     6,201,137 
  
    NON-CASH
    INVESTING AND FINANCING ACTIVITIES 

    Share
    issued for purchase of license 
    $1,210,000  
    $0  
     1,210,000 
  
    SUPPLEMENTARY
    CASH FLOW INFORMATION 

    Cash
    Received / Paid During the Period for: 

    Income
    Taxes 
    $-  
        
    $- 
  
    Interest 
    $39,509  
    $0  
     39,509 

NOTE 8 – ACQUISITION
WITH PURCHASE PRICE ALLOCATION

On
October 30, 2024, we entered into an Asset Purchase Agreement with Control Micro Systems, Inc. (“CMS”), a laser company located
in Orlando, Florida, that designs and builds turnkey laser material processing systems for marking, cutting, drilling and welding. CMS
allows us to expand into the pharmaceutical market for controlled-release medications that are expanding rapidly, driven by the growing
need for more effective delivery systems.

The
company paid $950,000 in cash and $100,000 in common