Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 190

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 190
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 or revised
accounting standards that have different effective dates for public and private companies until those standards apply to private companies.
As a result of this election, our financial statements may not be comparable to companies that comply with effective public company dates.
We will remain an “emerging growth company” until the earlier of (1) the last day of the fiscal year: (a) following the fifth
anniversary of the completion of our initial public offering; (b) in which we have total annual gross revenue of at least $1.235 billion;
or (c) in which we are deemed to be a large accelerated filer, which means the market value of our common stock that is held by non-affiliates
exceeded $700.0 million as of the prior June 30th, and (2) the date on which we have issued more than $1.0 billion in non-convertible
debt during the prior three-year period. References herein to “emerging growth company” have the meaning associated with
that term in the JOBS Act.

ITEM
1A. RISK FACTORS

Summary
of Risk Factors

An
investment in our securities involves a high degree of risk. The occurrence of one or more of the events or circumstances described in
the section titled “Risk Factors,” alone or in combination with other events or circumstances, may materially adversely affect
our business, financial condition, and operating results. In that event, the trading price of our securities could decline, and you could
lose all or part of your investment. Such risks include, but are not limited to:

We
are competing in a highly competitive market and to compete effectively we must be able to adapt to technology changes and to implement
innovative technology applications.

ICT
Investments owns a majority of our outstanding shares and exerts significant control over business decisions as well as matters subject
to stockholder approval.

We
depend on the U.S. Government for a portion of our business, which we expect to increase, and changes in government defense spending
could have adverse consequences on our financial position, results of operations and business.

As
a U.S. defense contractor, we are vulnerable to security threats and other disruptions that could negatively impact our business.

Going
Concern

The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
1 to the financial statements, the Company has history of net losses and accumulated deficits. These factors, among others,