Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 581

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1C
Chunk 581
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114.

Long-Lived Assets

Long-lived assets are reviewed for impairment whenever
events or changes in circumstances indicate that the carrying value may not be recoverable. Impairment is measured by comparing the carrying
value of the long-lived assets to the estimated undiscounted future cash flow expected to result from use of the assets and their ultimate
disposition. In instances where impairment is determined to exist, the Company writes down the asset to its fair value based on the present
value of estimated future cash flows.

Earnings/(Loss)
per Share

Basic
earnings/(loss) per share is calculated by dividing the earnings/(loss) attributable to stockholders by the weighted-average number of
shares outstanding for the period. Diluted earnings/(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 the earnings/(loss) of the Company. 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. There were 1,050,000
warrants for shares of common stock at the end of 2024 and
180,000
warrants for shares available to potentially issued at the
end of 2023.

    F-11

On
December 31, 2024, the Company recorded a $0.22 basic/diluted loss per share, as compared to a $0.37 basic/diluted loss per share on
December 31, 2023.

Relationship
with distributors:

All
orders received on a revolving basis in accordance with Laser Photonics Corporation standard Terms and Conditions of Sale. Orders are not able to be cancelled.
Orders typically consist of multiple units. Payment terms are typically Net 120 days from transferring the ownership of equipment to
Distributor. Revenue recognized on a “piece by piece” equipment bases after appropriate transfer equipment ownership to Distributor.
Payments are made by Distributor to The Company when Distributor collects funds from their regional customers, or then they have funds
availability to reduce the outstanding balance. Detailed
aging is accounted in MRP system – DBA Manufacturing keeping records of all equipment units ever manufactured with coordinating
serial numbers. Higher level account related data with payment history is recorded in the Company’s Quick Books