Company: LASE
Filing Date: 2025-12-23
Form Type: 10-Q
Source: 0001493152-25-028857
Chunk: 31

Company: Laser Photonics Corp
Filing Date: 2025-12-23
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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2025 
     192,308  
    $3.40  
    $2.32  
    $446,154.56 

    Total 
      
     2,431,985  

    $6,959,821.20 

Options

As
of September 30, 2025, there were no stock options issued or outstanding

    14

NOTE
4 – RELATED PARTY TRANSACTIONS

ICT
Investments provides the Company accounting services and various management services on an as needed basis. For the three months
ended September 30, pursuant to an arrangement with ICT Investments, the Company had not paid these services but had recorded
payables for $39,903 for
accounting services, and $70,460 for
other services. Any distribution between Laser Photonics and ICT must be distributed to an affiliate company. The Company owes
$72,196 for
services to FONON Technology Inc.

ICT
Investments owns directly 4,438,695 shares of the Company’s common stock. As of September 30, 2025, ICT Investments owns approximately
52% of the total shares outstanding through the shares of the Company’s common stock owned by Fonon Technologies Inc. (935,000
shares) and Fonon Corporation (3,000,000 shares), and Fonon Quantum Technologies Inc. (3,000,000 shares) that are all controlled by ICT
Investments. Dmitriy Nikitin is the Managing Partner of ICT Investments and has controlled the Company since its inception.

On
April 3, 2025, April 16, 2025, June 20, 2025, July 8, 2025, and July 12, 2025, the “Company received from ICT Investments, the
owner of the majority of outstanding shares of the Company’s common stock, unsecured loans in the principal amount of $200,000,
$400,000, $20,000, $101,000, and $30,000 respectively, to assist Laser Photonics in meeting certain expenses, including payroll. Laser
Photonics issued promissory notes, with interest at $20,000, $40,000, $2,000, $10,000 and $3,000 respectively, and a maturity date of
May 31, 2025, June 30, 2025, August 30, 2025, September 8,