Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 230

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 230
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 a value of $100,000.

On March 6, 2025 Sanjay Adhav issued 65,000 shares
of common stock through affiliate company Fonon Technologies as part of Fonon Corp acquisition of Quantum Technologies.

The
offer, sale and issuance of the securities described in the paragraphs above were deemed to be exempt from registration under the Securities
Act in reliance on Rule 506 of Regulation D in that the issuance of securities to the accredited investors did not involve a public offering.
Each of the recipients of the securities in this transaction acquired the securities for investment only and not with a view to or for
sale in connection with any distribution thereof and appropriate legends were affixed to the securities issued in these transactions.
Each of the recipients of these securities in this transaction was an accredited investor under Rule 501 of Regulation D. 

ITEM
6. SELECTED FINANCIAL DATA

The
following selected consolidated financial data should be read in conjunction with, and is qualified by reference to, our consolidated
financial statements and related notes and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results
of Operations” included elsewhere in this Annual Report on Form 10-K. The data for the years ended December 31, 2024, and 2023,
is derived from our audited financial statements and related notes included elsewhere in this Annual Report on Form 10-K. Our historical
results are not necessarily indicative of the results for any future period.

Statement
of Operations Data:

    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