Company: LASE
Filing Date: 2025-07-03
Form Type: 10-Q
Source: 0001641172-25-017657
Chunk: 7

Company: Laser Photonics Corp
Filing Date: 2025-07-03
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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 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 March 31, 2025, and 2024.

    As
    of  
    As
    of 

    March
    31, 2025  
    March
    31, 2024 
  
    Reconciliation of EBITDA: 

    Net Loss 
    $(1,680,723) 
     (545,709)
  
    Add (deduct): 

    Interest expense 
     99,000  
     - 
  
    Taxes 
     26,917  
     - 
  
    Other 
     -  
     - 
  
    Depreciation & Amortization 
     237,011  
     185,316 
  
    EBITDA 
     (1,317,795) 
     (360,393)
  
    Other adjustments 
     -  
     - 
  
    Adjusted EBITDA 
    $(1,317,795) 
     (360,393)

Off-Balance Sheet Arrangements

As of March 31, 2025, we did not have any off-balance
sheet arrangements.

18

Pursuant to Item 305(e) of Regulation S-K (§
229.305(e)), the Company is not required to provide the information required by this Item as it is a “smaller reporting Company,”
as defined by Rule 229.10(f)(1).

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.

ITEM 4. CONTROLS AND PROCEDURES

Disclosures Control and Procedures

Under the supervision of