Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 591

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1C
Chunk 591
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, Warrants were exercised, and 20,000 Shares of Common stock were issued
                                            under PIPE Offering with Aegis Capital Cop. As Agent. This resulted in funds to the company of $79,856

As part of the acquisition of Control Micro Systems
18,692 shares of common stock valued at $100,000, were promised in the deal. Those shares were issued to Laser Wind Down, Inc subsequently
in January of 2025

2023

During
the quarter ended June 30, 2023, the Company issued 350,000 shares of common stock were issued as compensation for services to TraDigital.
These were recorded at a fair value based on the market price of the Company’s stock on the date of the agreement.

During
the quarter ended June 30, 2023, the Company issued 25,000 shares of common stock were issued as compensation for services to Company
former Vice President of Finance Tim Schick. These were recorded at a fair value based on the market price of the Company’s stock
on the date of the agreement.

During
the quarter ending December 31, 2023, the Company issued 1,000,000 shares of common stock as consideration of the license agreement granted
by Fonon Technologies, Inc. These were recorded at a fair value based on the market price of the Company’s stock on the date of
the agreement.

    F-16

Treasury
Stock repurchase

In
October 2023 there were 24,937 shares of treasury stock repurchased totaling $33,560 for the stocks with an additional service charge
expense of $250 for a total cost of $33,810

NOTE
5 – COMMITMENTS AND CONTINGENCIES  

In
October 2021, a lease on 18,000 SF
facility was signed with the landlord for three years, terminating on October 31, 2024. The monthly rent for this facility is currently
$15,549.

In
December 2022, we entered into an agreement with 2701 Maitland Building Associates to rent 8,000 sf of additional office space nearby
the main facility, for our growing sales and marketing program. The monthly rent for this space is currently $14,805.

As
of January 1, 2020, we adopted ASU 2016-02 employing the cumulative-effect adjustment transition method, resulting in the recognition
on our balance sheet of $597,143 as a right-of