Company: LASE
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001641172-25-024367
Chunk: 5

Company: Laser Photonics Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
 -  
     -  
     3,000,000  
     3,000  
     -  
     -  
        
     6,612,000  
        
     6,615,000 

    Deemed Dividend to APIC 
     -  
     -  

     -  
     -  
        
     (6,615,000) 
        
     (6,615,000)

    As at June 30, 2024 (Unaudited) 
     -  
     -  
     12,270,427  
     12,270  
     -  
     -  
     (25,240) 
     17,012,051  
     (6,715,451) 
     10,283,630 
  
    Balance 
     -  
     -  
     12,270,427  
     12,270  
     -  
     -  
     (25,240) 
     17,012,051  
     (6,715,451) 
     10,283,630 

See accompanying notes to financial statements

6

LASER
PHOTONICS CORPORATION

NOTES
TO FINANCIAL STATEMENTS

(UNAUDITED)

NOTE
1 – BUSINESS

We
were formed under the law of Wyoming on November 8, 2019. We changed our domicile to Delaware on March 5, 2021. We are a vertically integrated
manufacturing company for photonics-based industrial products and solutions and, since recently acquiring the assets of Control Micro
Systems, Inc., have now expanded the market for our laser products into a large, growing pharmaceutical manufacturing vertical, in what
we believe is a recession-resistant sector with significant barriers to entry.

Our
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.

On
November 27, 2023, FASB issues ASU 2023-07. ASU 2023-07 is effective for public entities fiscal years beginning after December 15, 2023,
and interim periods within fiscal years