Company: LASE
Filing Date: 2025-12-23
Form Type: 10-Q
Source: 0001493152-25-028857
Chunk: 22

Company: Laser Photonics Corp
Filing Date: 2025-12-23
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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,175  
     295,950 
  
    Consignment Inventory 
     171,823.00  
     - 
  
    Inventory Reserve 
     (727,990) 
     (776,638)
  
    Total Inventory 
    $2,145,391  
    $2,338,759 

Fixed
Assets - Plant Machinery and Equipment

Property
and equipment are recorded at cost. Expenditures for major additions and improvements are capitalized, and minor replacements, maintenance,
and repairs are charged to expense as incurred. When property and equipment are retired or otherwise disposed of, the cost and accumulated
depreciation are removed from the accounts, and any resulting gain or loss is included in the results of operations for the respective
period.

Machinery
and Equipment

Depreciation
is provided over the estimated useful lives of the related assets using the straight-line method for financial statement purposes. The
Company uses other depreciation methods (generally accelerated) for tax purposes where appropriate. The estimated useful lives for significant
property and equipment categories are as follows:

 SCHEDULE OF ESTIMATED USEFUL LIVES FOR SIGNIFICANT PROPERTY AND EQUIPMENT

    Category
     
    Economic
Useful Life
  
    Office furniture and fixtures
     
    3-5 years
  
    Machinery and equipment
     
    5-7 years
  
    Leasehold Improvements 
     
    1-10 years *
  
    Intangible Assets
     
    6-15 years

*or the Lease term
-whichever is less.

 SCHEDULE OF FIXED ASSETS

    Fixed Assets 
    As of 
September 30, 2025 
(Unaudited)  
    As of 
December 31, 2024 
(Audited) 
  
    Accumulated Depreciation 
    $(3,389,198) 
    $(2,513,551)
  
    Machinery & Equipment 
     2,459,093  
     2,458,986 
  
    Office Furniture & Computer Equipment 
     317,147  
     301,487 
  
    Vehicles 
     117,894  
     117,894 
  
    R&D Equipment 
     43,268  
     43,268 
  
    Software 
     50,671  
     50,671 
  
    Leasehold improvements 
     264,458  
     257,