Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 246

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 246
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years ended December 31, 2024, and 2023:

    Year ended December 31 

    2024  
    2023 
  
    Net cash provided by Operating Activities 
    $(9,138,555) 
    $(5,470,567)
  
    Net cash provided by Investing Activities 
     (977,821) 
     (484,855)
  
    Net cash provided by Financing Activities 
     4,449,110  
     (25,240)
  
    Net cash increase for period 
     (5,667,266) 
     (5,980,662)
  
    Cash at the beginning of period 
     6,201,137  
     12,181,799 
  
    Cash at end of period 
    $533,871  
    $6,201,137 

47

As
of December 31, 2024, the Company had $ 4,664,460 in current assets, comprised of $ 533,871 in cash, $ 937,605 in accounts
receivable, $ 2,338,759 in inventory, $759,658 in Contract Assets and $58,567 in Other Assets, as of December 31, 2023, the Company
had $ 9,294,147 in current assets, comprised of $ 6,201,137 in cash, $ 816,364 in accounts receivable, $ 2,237,456 in inventory, and
$39,190 in other assets.

As
of December 31, 2024, current liabilities totaled $2,573,435 as compared to $ $ 1,031,844 as of December 31, 2023. As a result, as
of December 31, 2024, the Company had $2,091,025 in total working capital as compared to $ 8,262,303 as of December 31, 2023.

    Year
    Ended December 31, 

    2024  
    2023 
  
    Cash And Cash
    Equivalents 
    $533,871  
    $6,201,137 
  
    Working
    Capital (excluding cash and cash equivalents) 
     1,557,154  
     2,061,166 
  
    Total Working Capital 
    $2,091,025