Company: LASE
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001641172-25-024367
Chunk: 14

Company: Laser Photonics Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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    years
  
    Leasehold
    Improvements 
     
    1-10
    years *
  
    Intangible
    Assets
     
    6-15
    years

*or the Lease term
-whichever is less.

    10

SCHEDULE OF FIXED ASSETS 

    Fixed Assets 
    As of June 30,
                                                                                                  2025
                                                                                (Unaudited)  
    As of December 31, 2024
                                                                                (Audited) 
  
    Accumulated Depreciation 
    $(2,770,025) 
    $(2,513,551)
  
    Machinery & Equipment 
     2,458,985  
     2,458,986 
  
    Office Furniture & Computer Equipment 
     317,147  
     301,487 
  
    Vehicles 
     117,894  
     117,894 
  
    R&D Equipment 
     43,268  
     43,268 
  
    Software 
     50,671  
     50,671 
  
    Leasehold improvements 
     264,458  
     257,558 
  
    Demonstration equipment 
     1,170,554  
     1,155,721 
  
    Property, plant and equipment, gross 
     1,170,554  
     1,155,721 

    Total Fixed Assets 
    $1,652,952  
    $1,872,034 

Intangible
Assets

Intangible
assets consist primarily of capitalized equipment design documentation, software costs for equipment manufactured for sale, research,
and development, as well as certain patent, trademark and license costs. Capitalized software and equipment design documentation development
costs are recorded in accordance with Accounting Standard Codification (“ASC”) 985 “Software” with costs amortized
using the straight-line method over a ten-year period. Patent, trademark and license costs are amortized using the straight-line method
over their estimated useful lives of 15 years. On an ongoing basis, management reviews the valuation of intangible assets to determine
if there has been impairment by comparing the related assets’ carrying value to the undiscounted estimated future cash flows and/or
operating income from related operations.

    11

Table
of Contents

The
Company employs various core technologies across many different product families and applications in an effort to maximize the impact
of