Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 319

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 319
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 and if these assets become impaired, our earnings would be adversely affected.

We
have a substantial amount of intangible assets, representing approximately 33% of our total assets as of December 31, 2024. While we amortize
our intangible assets, they may be subject to impairment testing. If we experience any significant impairment to our intangible assets,
it may have a material adverse effect on our reported financial results for the period in which the charge is taken and could result
in a decrease in the market price of our common stock.

We
may be unable to respond to rapid technological changes and innovative products.

In
a constantly changing and innovative technology market with frequent new product introductions, enhancement, and modifications, we may
be forced to implement and develop new technologies into our products for anticipation of changing customer requirements that may significantly
impact costs in order to retain or enhance our competitive position in existing and new markets.

There
is intense competition in our market.

There
is intense competition amongst manufacturers of crystalline silicon laser modules, thin-film laser modules, solar thermal lasers, and
concentrated fiber laser systems. Our management is aware that the failure to compete away eventual new entrants will affect overall
business prospects and the product itself. Therefore, if we can innovate more quickly, we will be better able to defend our pricing power.
Competitive factors in this market are all related to product performance, price, customer service, training platforms, reputation, and
sales and marketing effectiveness, all of which are factors upon which we believe we can compete successfully but will need greater financial
resources to do so.

Future
acquisitions may be unsuccessful and may negatively affect operations and financial condition.

We
plan to grow organically; however, we will opportunistically pursue potential acquisitions of complementary businesses. Should we acquire
other companies, the integration of businesses, personnel, product lines, and technologies might prove to be difficult, time consuming,
and risky. Any difficulties could disrupt our ongoing business, distract our management and employees, increase our expenses, and impair
our revenue and results of operations.

If
we are unable to hire additional personnel, we will have trouble growing our business.

Our
future success depends on our ability to attract, retain, and motivate skilled marketing, managerial, operational, and administrative
personnel. We plan to hire additional personnel in all areas of our business as we grow. Competition for qualified personnel is intense.
As a result, we may be unable to attract and retain qualified personnel. We may