Company: LASE
Filing Date: 2025-12-23
Form Type: 10-Q
Source: 0001493152-25-028857
Chunk: 17

Company: Laser Photonics Corp
Filing Date: 2025-12-23
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 credit terms to the Company or deliver goods or
services with delayed payment terms. Our accounts payable and accounts payable affiliates were recorded as of September 30, 2025, at
$1,592,530 and $182,559, and as of December 31, 2024, at $531,268 and $27,988, respectively.

Deferred
Revenue

As
of September 30, 2025, the Company had $370,229 in Deferred Revenue, and as of December 31, 2024, the Company’s deferred revenue
liabilities were recorded at $55,383.

Loans
and Notes Payable

On
April 3, 2025, April 16, 2025, June 20, 2025, July 8, 2025, and July 12, 2025, the “Company received from ICT Investments, the
owner of the majority of outstanding shares of the Company’s common stock, unsecured loans in the principal amount of $200,000,
$400,000, $20,000, $101,000, and $30,000 respectively, to assist Laser Photonics in meeting certain expenses, including payroll. Laser
Photonics issued promissory notes, with interest at $20,000, $40,000, $2,000, $10,000 and $3,000 respectively, and a maturity date of
May 31, 2025, June 30, 2025, August 30, 2025, September 8, 2025, and September 12, 2025 respectively. The unpaid principal balance of
ICT loans as of September 30, 2025, was $751,000. The unpaid interest balance of ICT loans as of September 30, 2025, was $75,000.

On
May 6, 2025, the Company issued a Promissory Note in favor of District 2 Capital Fundor. The Company promises to pay to the order of
District 2 Capital Fundor not later than ( six months from date of the Note), the principal amount of Three hundred sixty two thousand
and five hundred Dollars ($362,500), calculated on the basis of “Black Scholes Value” meaning the value of Holder’s
Warrant dated August 19, 2024, issued in connection with a PIPE transaction through Aegis Capital Corp. as Placement Agent and based on the Black-Scholes Option