Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 388

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 388
---
,458  
    $14,257  
     -   
    $100,000  
    $(33,810) 
    $17,886,159  
    $(7,754,313) 
    $10,212,293 

*See
accompanying notes to financial statements.

F-5

LASER
PHOTONICS CORPORATION

CONSOLIDATED STATEMENTS
OF CASH FLOWS

    Year Ended on December 31, 

    2024 (Audited)  
    2023 (Restated) 

    OPERATING ACTIVITIES 

    Net Loss/Gain 
    $(2,518,827) 
    $(3,318,171)
  
    Adjustments to Reconcile Net Loss to Net Cash Flow from Operating Activities: 

    Bargain Purchase 
     (3,857,999) 
     - 
  
    Bad Debt 
     285,486  
     - 
  
    Shares issued for compensation 
     33,336  
     145,550 
  
    Distribution to affiliate 
     (5,780,578) 
     (1,214,325)
  
    Impairment 
     932,669  
     - 
  
    Depreciation & Amortization 
     972,135  
     523,380 
  
    Net Change, Right-of-Use Asset & Liabilities 
     175,654  
     (31,775)
  
    Change in Operating Assets & Liabilities: 

    Accounts Receivable 
     176,066 
     (395,002)
  
    Contract Assets 
     (759,658) 
     - 
  
    Inventory 
     329,100  
     (1,191,437)
  
    Prepaids & Other Current Assets 
     14,905 
     32,910 
  
    Accounts Payable 
     334,406  
     32,653 
  
    Contract Liabilities 
     942,090  

    Accrued Expenses 
     56,969  
     (267,464)
  
    Deposits 
     (316,378) 
     - 
  
    Deferred Revenue 
     (157,931) 
     213,114 
  
    Net Cash Used in Operating Activities 
     (