Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 331

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 331
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 may be subject to funding risks. We also are exposed to risks associated
with using foreign representatives and consultants for international sales and operations and teaming with international subcontractors,
partners and suppliers in connection with international programs. As a result of these factors, we could experience award and funding
delays on international programs and could incur losses on such programs, which could negatively impact our results of operations and
financial condition.

We
are also subject to a number of other risks including:

    ●
    The
    absence in some jurisdictions of effective laws to protect our intellectual property rights;

    ●
    Multiple
    and possibly overlapping and conflicting tax laws;

    ●
    Restrictions
    on movement of cash;

    ●
    The
    burdens of complying with a variety of national and local laws;

    ●
    Political
    instability;

    ●
    Currency
    fluctuations;

    ●
    Longer
    payment cycles;

    ●
    Restrictions
    on the import and export of certain technologies;

    ●
    Price
    controls or restrictions on exchange of foreign currencies; and

    ●
    Trade
    barriers.

22

Our
international operations are subject to special U.S. government laws and regulations, such as the Foreign Corrupt Practices Act, and
regulations and procurement policies and practices, including regulations to import-export control, which may expose us to liability
or impair our ability to compete in international markets.

Our
international operations are subject to the U.S. Foreign Corrupt Practices Act, or the FCPA, and other laws that prohibit improper payments
or offers of payments to foreign governments and their officials and political parties by U.S. and other business entities for the purpose
of obtaining or retaining business. We expect to have operations and deal with governmental customers in countries known to experience
corruption, including certain countries in the Middle East and in the future, the Far East. Our activities in these countries could create
the risk of unauthorized payments or offers of payments by one of our employees, consultants or contractors that could be in violation
of various laws including the FCPA, even though these parties are not always subject to our control. We are also subject to import-export
control regulations restricting the use and dissemination of information classified for national security purposes and the export of
certain products, services, and technical data, including requirements regarding any applicable licensing of our employees involved in
such work.

As
a U.S. defense contractor, we are vulnerable to security threats