Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 192

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 192
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, our stockholders may experience dilution. Any debt financing, if available, may involve restrictive covenants that may impact
on our ability to conduct business or return capital to investors. If we are unable to raise additional capital if required or on acceptable
terms, we may have to significantly scale back, delay or discontinue the development and/or commercialization of our laser-based cleaning
products, restrict our operations or obtain funds by entering into agreements on unattractive terms.

15

If
our proposed marketing efforts are unsuccessful, we may not earn enough revenue to scale the business profitably.

Our
success will depend on investment in marketing resources and the successful implementation of our marketing plan. Our marketing plan
involves attendance at trade shows, conducting private demonstrations, utilizing promotional materials, and employing advertising campaigns
in print and/or broadcast media. We cannot give any assurance that our marketing efforts will be successful. If they are not, revenue
may be insufficient to cover our growing fixed costs and we may suffer a reduction in profitability.

We
have a large amount of intangible assets, and if these assets become impaired, our earnings would be adversely affected.

We
have a substantial amount of intangible assets, representing approximately 33% of our total assets as of December 31, 2024. While we amortize
our intangible assets, they may be subject to impairment testing. If we experience any significant impairment to our intangible assets,
it may have a material adverse effect on our reported financial results for the period in which the charge is taken and could result
in a decrease in the market price of our common stock.

We
may be unable to respond to rapid technological changes and innovative products.

In
a constantly changing and innovative technology market with frequent new product introductions, enhancement, and modifications, we may
be forced to implement and develop new technologies into our products for anticipation of changing customer requirements that may significantly
impact costs in order to retain or enhance our competitive position in existing and new markets.

There
is intense competition in our market.

There
is intense competition amongst manufacturers of crystalline silicon laser modules, thin-film laser modules, solar thermal lasers, and
concentrated fiber laser systems. Our management is aware that the failure to compete away eventual new entrants will affect overall
business prospects and the product itself. Therefore, if we can innovate more quickly, we will be better able to defend our pricing power.
Competitive factors in this market are all related to product performance, price, customer service