Company: LASE
Filing Date: 2025-12-23
Form Type: 10-Q
Source: 0001493152-25-028857
Chunk: 11

Company: Laser Photonics Corp
Filing Date: 2025-12-23
Form: 10-Q
Item: Part I, Item 1
Chunk 11
---
   
     -   
    $(25,240) 
    $18,039,795  
    $(8,340,719) 
    $9,687,668 
  
    Balance 
     -   
     -   
     13,832,397  
    $13,832  
     -   
     -   
    $(25,240) 
    $18,039,795  
    $(8,340,719) 
    $9,687,668 

See
accompanying notes to financial statements

7

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 Beamer Laser Marking Systems
during Q3 2025, a developer of full-service laser marking machines for the medical, aerospace, defence, firearms, automotive, and general
industrial markets and in Q4 2024 the assets of Control Micro Systems, Inc - expanding 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 beginning after December 15, 2024. ASU 2023-07 enhances segment reporting under Topic 280 by
expanding the breadth and frequency of segment disclosures. Its amendments fall into the following categories. Topic 280 requires a public
entity to disclose entity-wide and segment information in the notes to financial statements. This includes the measure of profit or loss
that the CODM uses to assess segment performance and decide how to allocate resources, as well as certain specified amounts included
in that measure – e.g. revenue, depreciation and amortization, interest and