Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 686

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 2
Chunk 686
---
Used In) Financing Activities 
    $-25,240  
    $0  
     -25,240 
  
    Net
    Cash Flow for Period 
    $-5,980,663  
    $-1  
     -5,980,662 
  
    Cash
    - Beginning of Period 
    $12,181,799  
    $0  
     12,181,799 
  
    Cash
    - End of Period 
    $6,201,136  
    $-1  
     6,201,137 
  
    NON-CASH
    INVESTING AND FINANCING ACTIVITIES 

    Share
    issued for purchase of license 
    $1,210,000  
    $0  
     1,210,000 
  
    SUPPLEMENTARY
    CASH FLOW INFORMATION 

    Cash
    Received / Paid During the Period for: 

    Income
    Taxes 
    $-  
        
    $- 
  
    Interest 
    $39,509  
    $0  
     39,509 

NOTE 8 – ACQUISITION
WITH PURCHASE PRICE ALLOCATION

On
October 30, 2024, we entered into an Asset Purchase Agreement with Control Micro Systems, Inc. (“CMS”), a laser company located
in Orlando, Florida, that designs and builds turnkey laser material processing systems for marking, cutting, drilling and welding. CMS
allows us to expand into the pharmaceutical market for controlled-release medications that are expanding rapidly, driven by the growing
need for more effective delivery systems.

The
company paid $950,000 in cash and $100,000 in common stock to the previous owner. Control Micro Systems was a distressed company that was in federal bankruptcy
court beginning March of 2024. Through the courts Laser Photonics was able to acquire this business below the value of the assets free
and clear of the previous liabilities.

The
company contracted a third-party expert to evaluate the potential gain or loss from the purchase of these assets. The third party
determined the value of the assets was worth more than the purchase price. Based on the report from the third party the fair value
of the assets exceeds the purchase price resulting in a gain of $3,858,000. This has been recognized and is reflected in the company’s financial statements.

SCHEDULE
OF ACQU