Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 734

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 3
Chunk 734
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3.
We have spent much of the last two years assembling people and equipment necessary to increase sales and production levels. While our
revenue levels increased, our expenses also increased. That coupled with the additional expenses associated with being a public company
and our research and development efforts for our new generation of laser blasting equipment, resulted in a net loss for 2024. With these
investments, we are building the foundation for our future, not only for our laser blasters, but also for the expansion of our laser
equipment for material processing product offering. Basic and dilutive loss per share of common stock decreased for the year ended December
31, 2024, to ($0.22) compared to ($0.37) for the year ended December 31, 2023

Inflation
did not have a material impact on our operations for the period applicable. Other than the foregoing, management knows of no trends,
demands, or uncertainties that are reasonably likely to have a material impact on our results of operations.

Net
Income/Loss per Share

Basic
earnings/loss per share is calculated by dividing the loss attributable to stockholders by the weighted-average number of shares outstanding
for the period. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common
stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in our earnings (loss). Diluted
earnings/(loss) per share is computed by dividing the earnings/loss available to stockholders by the weighted average number of shares
outstanding for the period and dilutive potential shares outstanding unless such dilutive potential shares would result in anti-dilution.

    Year Ended December 31, 

    2024  
    2023 
  
    Net Income/(Loss) 
    $(2,518,827) 
    $(3,318,171)
  
    Net Income/(Loss) per Share 
    $(0.22) 
    $(0.37)
  
    Weighted Average Shares Outstanding, Basic 
     11,631,999  
     8,934,035 

Liquidity
and Capital Resources

The
following is a summary of the Company’s cash flows provided by (used in) operating, investing, and financing activities for the
years ended December 31, 2024, and 2023:

    Year ended December 31 

    2024