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

Company: Laser Photonics Corp
Filing Date: 2025-12-23
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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558 
  
    Consignment Machine & Equipment 
     45,634  
     - 
  
    Demonstration equipment 
     1,193,450  
     1,155,721 
  
    Property, plant and equipment, gross 
     1,193,450  
     1,155,721 

    Total Fixed Assets 
    $1,102,417  
    $1,872,034 

Intangible
Assets

Intangible
assets consist primarily of capitalized equipment design documentation, software costs for equipment manufactured for sale, research,
and development, as well as certain patent, trademark and license costs. Capitalized software and equipment design documentation development
costs are recorded in accordance with Accounting Standard Codification (“ASC”) 985 “Software” with costs amortized
using the straight-line method over a ten-year period. Patent, trademark and license costs are amortized using the straight-line method
over their estimated useful lives of 6-15 years. On an ongoing basis, management reviews the valuation of intangible assets to determine
if there has been impairment by comparing the related assets’ carrying value to the undiscounted estimated future cash flows and/or
operating income from related operations.

    12

The
Company employs various core technologies across many different product families and applications in an effort to maximize the impact
of our research and development costs and increase economies of scale and to leverage its technology-specific expertise across multiple
product platforms. The technologies inherent in its laser equipment products include application documentation, proprietary and custom
software developed for operation of its equipment, specific knowledge of supply chain and equipment design documentation, consisting
of 3D engineering drawings, bills of materials, wiring diagrams, parts AutoCad drawings, software architecture documentation, etc. Intangible
assets were received from related parties, ICT Investments, Fonon Technologies Inc. and therefore transferred and booked by Laser Photonics
Corp. at their historical cost. During the purchase of CMS assets there were obtained Intangible Assets, which have been developed internally
in CMS.

 SCHEDULE OF INTANGIBLE ASSETS ASSETS

    Intangible Assets 
    As of
                                                                                September 30, 2025
 (Unaudited)  
    As of
                                                                                December 31, 2024 
(Audited) 
  
    Accumulated Amortization 
    $(1,604,516) 
    $(1,125,025)
  
    Customer Relationships 
     211,