Company: LASE
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001641172-25-024367
Chunk: 27

Company: Laser Photonics Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 benefit, depreciation and amortization, thus the term “Earnings Before Interest, Taxes, Depreciation and Amortization”
    and the acronym “EBITDA.”

    (2)
    Adjusted
    EBITDA is defined as net income (loss) as reported in our consolidated statements of income excluding the impact of (i) interest
    expense; (ii) income tax provision; (iii) depreciation and amortization; (iv) stock-based compensation expense; (v) accretion of
    debt discounts; (vi) other income - forgiveness of Paycheck Protection Program loan; (vii) other financing costs; (viii) loss on
    extinguishment of debt; (ix) warrant inducement expense; (x) amortization of right-of-use assets; and (xi) change in fair value of
    derivative liabilities. Our Adjusted EBITDA measure eliminates potential differences in performance caused by variations in capital
    structures (affecting finance costs), tax positions, the cost and age of tangible assets (affecting relative depreciation expense)
    and the extent to which intangible assets are identifiable (affecting relative amortization expense). We also exclude certain one-time
    and non-cash costs. Our definition of Adjusted EBITDA may differ from similarly titled measures used by other companies, and any
    such differences could be material.

We
believe EBITDA and Adjusted EBITDA are helpful for investors to better understand our underlying business operations. The following table
adjusts Net Income to EBITDA and Adjusted EBITDA for the three months ending June 30, 2025, and 2024.

    Three Months Ending June 30,  
    Six Months Ending June 30, 

    2025 (Unaudited)  
    2024 (Unaudited)  
    2025 (Unaudited)  
    2024  (Unaudited) 
  
    Reconciliation of EBITDA: 

    Net Income (Loss) 
    $(1,773,902) 
    $(934,256) 
    $(3,454,625) 
    $(1,479,965)
  
    Add (deduct): 

    Interest expense 
     813,401  
     -  
     912,401  
     - 
  
    Taxes 
     47  
     12,