Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 317

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 317
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Summary
of Risk Factors

An
investment in our securities involves a high degree of risk. The occurrence of one or more of the events or circumstances described in
the section titled “Risk Factors,” alone or in combination with other events or circumstances, may materially adversely affect
our business, financial condition, and operating results. In that event, the trading price of our securities could decline, and you could
lose all or part of your investment. Such risks include, but are not limited to:

We
are competing in a highly competitive market and to compete effectively we must be able to adapt to technology changes and to implement
innovative technology applications.

ICT
Investments owns a majority of our outstanding shares and exerts significant control over business decisions as well as matters subject
to stockholder approval.

We
depend on the U.S. Government for a portion of our business, which we expect to increase, and changes in government defense spending
could have adverse consequences on our financial position, results of operations and business.

As
a U.S. defense contractor, we are vulnerable to security threats and other disruptions that could negatively impact our business.

Going
Concern

The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
1 to the financial statements, the Company has history of net losses and accumulated deficits. These factors, among others, raise substantial
doubt about the Company’s ability to continue as a going concern. Management’s plans regarding these matters are also described
in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

14

Table Of Contents

Our
international business exposes us to geo-political and economic factors, regulatory requirements and other risks associated with doing
business in foreign countries.

Our
success may depend on our ability to obtain and protect the proprietary information on which we base our laser-based cleaning equipment.
The patent application process is expensive and time-consuming, and we and our current or future licensors and licensees may not be able
to prepare, file and prosecute all necessary or desirable patent applications at a reasonable cost or in a timely manner. It is also
possible that we or our current licensors, or any future licensors or licensees, will fail to identify patentable aspects of inventions
made during development and commercialization activities before it is too late to obtain patent protection on them.

If
we are sued for infringing intellectual property rights of third parties, it will be costly and time