Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 740

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 3
Chunk 740
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 about a segment’s expenses. The analysis of the company after acquisition of CMS
concluded that we have only one segment and according to this, the results will be disclosed consolidated.

ASC-280
Segment Reporting 

Financial
Accounting Standard Board (“FASB”) ASC Topic 280, “Segment Reporting,” requires annual and interim reporting
for an enterprise’s operating segments and related disclosures about its products, services, geographic areas and major customers.
An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and
expenses, and about which separate financial information is regularly evaluated by the chief operating decision maker in deciding how
to allocate resources.

Laser
Photonics operates as one segment located in Orlando, FL. Our company develops industrial laser cleaning, cutting, welding, marking,
and wire stripping across multiple industries and customer bases. The chief operating decision maker (CODM) being the Chief Executive
Officer. The CODM uses net income from operations to evaluate and make key operating decisions.

ITEM
7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

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.

50

ITEM
8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

INDEX
TO FINANCIAL STATEMENTS

    Report of Independent Registered Independent Registered Public Accounting Firm (PCAOB ID:2738)
     
    F-1
  
    Balance Sheets as of December 31 2024 and 2023
     
    F-3
  
    Statements of Operations for the years ended December 31, 2024 and 2023
     
    F-4
  
    Statements of Stockholders’ Equity (deficit) for the years ended December 31 2024 and 2023
     
    F-5
  
    Statements of Cash Flows for the