Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 384

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 384
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 accompanying notes to financial statements.

F-3

LASER
PHOTONICS CORPORATION.

Consolidated Statements
of Operations for the years ended December 31, 2024, and 2023

    Year Ending December 31, 

    2024
                                                                                (Audited)  
    2023
                                                                                (Restated) 
  
    Net Sales 
    $3,367,681  
    $3,939,473 

    Net affiliate sales 
     47,515  
     - 

    Cost of Sales 
     1,934,150  
     1,041,697 

    Gross Profit 
     1,481,046  
     2,897,776 

    Operating Expenses: 

    Sales & Marketing 
     1,556,291  
     1,996,363 

    General & Administrative 
     2,790,543  
     2,123,058 

    Depreciation & Amortization 
     972,135  
     523,380 
  
    Impairment 
     932,669  
     - 

    Payroll Expenses 
     1,430,840  
     1,400,951 

    Research and Development Cost 
     261,911  
     202,259 

    Total Operating Expenses 
     7,944,389  
     6,246,011 

    Operating Income (Loss) 
     (6,463,343) 
     (3,348,234)
  
    Other Income (Expenses): 

    Total Other Income (Loss) 
     3,944,516  
     30,063 

    Income (Loss) Before Tax 
     (2,518,827) 
     (3,318,171)

    Tax Provision 
     -  

    Net Income (Loss) 
     (2,518,827) 
     (3,318,171)

    Deemed Dividend from Software Acquisition 
     (6,615,000) 
     - 
  
    Net Comprehensive loss attributed to Common Shareholders 
     (9,133,827) 
     (3,318,171)

    Earning (Loss) per Share: 

    Basic and Diluted