Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 373

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 373
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 in cash, $ 937,605 in accounts
receivable, $ 2,338,759 in inventory, $759,658 in Contract Assets and $58,567 in Other Assets, as of December 31, 2023, the Company
had $ 9,294,147 in current assets, comprised of $ 6,201,137 in cash, $ 816,364 in accounts receivable, $ 2,237,456 in inventory, and
$39,190 in other assets.

As
of December 31, 2024, current liabilities totaled $2,573,435 as compared to $ $ 1,031,844 as of December 31, 2023. As a result, as
of December 31, 2024, the Company had $2,091,025 in total working capital as compared to $ 8,262,303 as of December 31, 2023.

    Year
    Ended December 31, 

    2024  
    2023 
  
    Cash And Cash
    Equivalents 
    $533,871  
    $6,201,137 
  
    Working
    Capital (excluding cash and cash equivalents) 
     1,557,154  
     2,061,166 
  
    Total Working Capital 
    $2,091,025  
    $8,262,303 

We
anticipate spending an additional $3M over the next 2 years, to increase our sales and marketing efforts, as well as to increase our
manufacturing capacity. While doing so, we expect to return to profitability in 2025. Therefore, we anticipate minimal long-term liquidity
needs to support our organic growth, which we expect to achieve using the proceeds of our recent IPO, exclusively.

We
must fulfill all of the financial disclosure and reporting requirements of a public reporting company. Our management must spend additional
time on policies and procedures to ensure compliance with various regulatory requirements, especially that of Section 404 of the Sarbanes-Oxley
Act of 2002. The additional corporate governance required of management could limit the amount of attention management can afford to
our business plan, and therefore may delay our anticipated growth plans. Over the next 12 months, we anticipate the marginal cost of
being a public company to exceed $750,000.

Lease
Liability

On
December 1, 2019