Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 369

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 369
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 Years Ended December 31, 2024, and 2023:

    Year Ended December 31, 

    2024  
    2023 
  
    Statement of operations data: 

    Net Sales 
    $3,415,196  
    $3,939,473 
  
    Cost of Sales 
     1,934,150  
     1,041,697 
  
    Gross Profit 
     1,481,046  
     2,897,776 
  
    Operating Expenses 
     7,944,389  
     6,246,011 
  
    Income (Loss) from Operations 
     (6,463,343) 
     (3,348,235)
  
    Interest Expense 
        
     - 
  
    Other (Income) Expense 
     3,944,516  
     30,063 
  
    Income Tax Provision 
        
     - 
  
    Net Income (Loss) 
     (2,518,827) 
     (3,318,172)
  
    Income (Loss) per Common Share 
    $(0.22) 
    $(0.37)

Revenue

    Year Ended December 31, 

    Jan - Dec 2024  
    Jan - Dec 2023 
  
    Sales 

    Product Sales 
    $3,969,798  
    $4,520,892 
  
    Sales Discounts 
     (554,602) 
     (581,419)
  
    Net Sales 
    $3,415,196  
    $3,939,473 

Gross
Product Sales were $3,969,798 for the year ended December 31, 2024 as compared to $4,520,892 for the comparable year ended December 31,
2023, representing a 12.19% decrease. Our sales typically are made on a purchase order basis rather than through long-term purchase commitments.
We entered into laser equipment sales agreements with customers for specific equipment based on purchase orders and our standard terms
and conditions of sale. Our largest sales were to is E.S FOX LTD for $273,518. for the year ended December 31, 2024. However,
sales discounts applied in 2024 in the amount of $554,602 in comparison to $581,419 in 2023 reflects the fact of