Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 573

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1C
Chunk 573
---
  
     (25,240)
  
    Net Cash provided by (used in) Financing Activities 
     4,449,110  
     (25,240)
  
    Net Cash Flow for Period 
     (5,667,266) 
     (5,980,662)
  
    Cash and Cassh Equivalents - Beginning of Period 
     6,201,137  
     12,181,799 
  
    Cash and Cash Equivalents- End of Period 
    $533,871  
    $6,201,137 
  
    NON-CASH INVESTING AND FINANCING ACTIVITIES 

    Right of use property Lease 
     (4,755,728) 
     - 
  
    Shares issued on conversion of debt 
     -  
     - 
  
    Transfer demo inventory to PPE 
     507,931  
     - 
  
    Share issued for purchase of license 
     6,615,000  
     1,210,000 
  
    Treasury stock adjustment 
     (8,570) 
     - 
  
    Common Stock issued for cashless exercise of warrants 
     62  
     - 
  
    SUPPLEMENTARY CASH FLOW INFORMATION 

    Cash Received / Paid During the Period for: 

    Income Taxes 
     -  
     - 
  
    Interest 
     -  
     39,509 

See
accompanying notes to financial statements.

F-6

NOTES
TO FINANCIAL STATEMENTS DECEMBER 31, 2023, and 2024

NOTE
1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Laser
Photonics Corporation (the “Company”) was formed under the laws of Wyoming on November 8, 2019, and changed its domicile
to Delaware on March 5, 2020. The Company is a vertically integrated manufacturing company for photonics based industrial products and
solutions, primarily disruptive laser cleaning technologies. Its vertically integrated operations allow us to reduce development and
advanced laser equipment manufacturing time, offer better prices, control quality, and protect our proprietary knowhow and technology
compared to other laser cleaning companies and companies with competing technologies.

The
recently acquired Control Micro Systems was purchased by the Company on October 31, 2024. The company is 100% owned by