Company: LASE
Filing Date: 2025-12-23
Form Type: 10-Q
Source: 0001493152-25-028857
Chunk: 43

Company: Laser Photonics Corp
Filing Date: 2025-12-23
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 as reported in our consolidated statements of income excluding the impact of (i) interest expense; (ii) income
    tax provision; (iii) depreciation and amortization; (iv) stock-based compensation expense; (v) accretion of debt discounts; (vi)
    other income - forgiveness of Paycheck Protection Program loan; (vii) other financing costs; (viii) loss on extinguishment of debt;
    (ix) warrant inducement expense; (x) amortization of right-of-use assets; and (xi) change in fair value of derivative liabilities.
    Our Adjusted EBITDA measure eliminates potential differences in performance caused by variations in capital structures (affecting
    finance costs), tax positions, the cost and age of tangible assets (affecting relative depreciation expense) and the extent to which
    intangible assets are identifiable (affecting relative amortization expense). We also exclude certain one-time and non-cash costs.
    Our definition of Adjusted EBITDA may differ from similarly titled measures used by other companies, and any such differences could
    be material.

We
believe EBITDA and Adjusted EBITDA are helpful for investors to better understand our underlying business operations. The following table
adjusts Net Income to EBITDA and Adjusted EBITDA for the three months ending September 30, 2025, and 2024.

    Three
    Months Ended September 30,  
    Nine
    Months Ended September 30, 

    2025
    (Unaudited)  
    2024
    (Unaudited)  
    2025
    (Unaudited)  
    2024
    (Unaudited) 
  
    Reconciliation
    of EBITDA: 

    Net
    Loss 
    $(4,655,608) 
     (1,625,268) 
    $(8,110,233) 
    $(3,105,233)
  
    Add
    (deduct): 

    Interest
    expense 
     1,445,390  
        
     2,357,790  
     - 
  
    Taxes 
     -  
     151,035  
     -  
     163,664 
  
    Other 
     -  
        
     (1,594) 
     -