Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 204

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 204
---
 of our products, we must first obtain licenses and authorizations
from various U.S. Government agencies before we are permitted to sell our products outside of the U.S. We can give no assurance that
we will continue to be successful in obtaining the necessary licenses or authorizations or that certain sales will not be prevented or
delayed. Any significant impairment of our ability to sell products outside of the U.S. could negatively impact our results of operations
and financial condition.

Our
international sales are also subject to local government laws, regulations and procurement policies and practices which may differ from
U.S. Government regulations, including regulations relating to import-export control, investments, exchange controls and repatriation
of earnings, as well as to varying currency, geo- political and economic risks. Our international contracts may include industrial cooperation
agreements requiring specific in-country purchases, manufacturing agreements or financial support obligations, known as offset obligations,
and provide for penalties if we fail to meet such requirements. Our international contracts may also be subject to termination at the
customer’s convenience or for default based on performance and may be subject to funding risks. We also are exposed to risks associated
with using foreign representatives and consultants for international sales and operations and teaming with international subcontractors,
partners and suppliers in connection with international programs. As a result of these factors, we could experience award and funding
delays on international programs and could incur losses on such programs, which could negatively impact our results of operations and
financial condition.

We
are also subject to a number of other risks including:

    ●
    The
    absence in some jurisdictions of effective laws to protect our intellectual property rights;

    ●
    Multiple
    and possibly overlapping and conflicting tax laws;

    ●
    Restrictions
    on movement of cash;

    ●
    The
    burdens of complying with a variety of national and local laws;

    ●
    Political
    instability;

    ●
    Currency
    fluctuations;

    ●
    Longer
    payment cycles;

    ●
    Restrictions
    on the import and export of certain technologies;

    ●
    Price
    controls or restrictions on exchange of foreign currencies; and

    ●
    Trade
    barriers.

22

Our
international operations are subject to special U.S. government laws and regulations, such as the Foreign Corrupt Practices Act, and
regulations and procurement policies and practices, including regulations to import-export control, which may expose us to liability
or impair our ability to compete in