Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 743

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 3
Chunk 743
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 judgements made by management, the related audit effort in evaluating management’s judgments
in evaluation of intangible assets required a high degree of auditor judgment.

The
procedures performed included evaluation of the methods and assumptions used by the Company, tests of the data used and an evaluation
of the findings. We evaluated and tested the Company’s significant judgments that determine the valuation of and impairment evaluation
of intangible assets.

/s/
M&K CPAS, PLLC

www.mkacpas.com

We
have served as the Company’s auditor since 2024.

The
Woodlands, Texas

June
24, 2025

F-1

Table of Contents

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Board of Directors and Shareholders of Laser Photonics Corporation

Opinion
on the Financial Statements

We
have audited the accompanying balance sheets of Laser Photonics Corporation (“the Company”) as of December 31, 2023 and 2022,
and the related statements of operations, stockholders’ equity (deficit), and cash flows for each of the years in the two-year
period ended December 31, 2023, and the related notes (collectively referred to as the financial statements). In our opinion, the financial
statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023 and 2022 and the results
of its operations and its cash flows for each of the years in the two-year period ended December 31, 2023, in conformity with accounting
principles generally accepted in the United States of America.

As
discussed in Note 7 to the financial statements, the financial statements have been revised to incorporate changes related to the correction
of an error.

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, raise substantial
doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also
described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis
for Opinion

These
financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
financial statements based