Company: LASE
Filing Date: 2025-12-23
Form Type: 10-Q
Source: 0001493152-25-028857
Chunk: 62

Company: Laser Photonics Corp
Filing Date: 2025-12-23
Form: 10-Q
Item: Part I, Item 3
Chunk 62
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 to provide the information required by this Item as
it is a “smaller reporting Company,” as defined by Rule 229.10(f)(1).

We
have not utilized any derivative financial instruments such as futures contracts, options and swaps, forward foreign exchange contracts
or interest rate swaps and futures. We believe that adequate controls are in place to monitor any hedging activities. We do not have
any borrowings and, consequently, we are not affected by changes in market interest rates. We do not currently have any sales or own
assets and operate facilities in countries outside the United States and, consequently, we are not affected by foreign currency fluctuations
or exchange rate changes. Overall, we believe that our exposure to interest rate risk and foreign currency exchange rate changes is not
material to our financial condition or results of operations.

ITEM
4. CONTROLS AND PROCEDURES

Disclosures
Control and Procedures

Under
the supervision of our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), our management has
evaluated the effectiveness of the design and operation of our “disclosure controls and procedures” (as defined in Rules
13a-15(e) and 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of the
end of the period covered by this Quarterly Report on Form 10-Q (the “Evaluation Date”). Based upon that evaluation, our
CEO and CFO have concluded that, as of the Evaluation Date, our disclosure controls and procedures are not effective. Management is implementing
controls and procedures during 2024 to bring to effective.

Changes
in Internal Controls over Financial Reporting

There
was no material change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) promulgated under
the Exchange Act) that occurred during the last fiscal quarter that has materially affected, or is reasonably likely to materially affect,
our internal control over financial reporting.

19

Table of Contents 

PART
II – OTHER INFORMATION

ITEM
1. LEGAL PROCEEDINGS.

We
are not involved in any legal proceedings, including routine litigation arising in the normal course of business that we believe will
have a material adverse effect on our business, financial condition or results of operations.

ITEM
1A. RISK FACTORS

Not
applicable to a smaller reporting Company.

ITEM
2. UNREGISTERED SALES OF EQU