Company: LASE
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001641172-25-024367
Chunk: 15

Company: Laser Photonics Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 our research and development costs and increase economies of scale and to leverage its technology-specific expertise across multiple
product platforms. The technologies inherent in its laser equipment products include application documentation, proprietary and custom
software developed for operation of its equipment, specific knowledge of supply chain and equipment design documentation, consisting
of 3D engineering drawings, bills of materials, wiring diagrams, parts AutoCad drawings, software architecture documentation, etc. Intangible
assets were received from related parties, ICT Investments, FONON Technologies Inc. and therefore transferred and booked by Laser Photonics
Corp. at their historical cost. During the purchase of CMS assets there were obtained Intangible Assets, which have been developed internally
in the CMS.

 SCHEDULE OF INTANGIBLE ASSETS ASSETS

    Intangible Assets 
    As of June 30, 2025 (Unaudited)  
    As of December 31, 2024 (Audited) 

    Accumulated Amortization 
    $(1,444,685) 
    $(1,125,025)

    Customer Relationships 
     211,000  
     211,000 

    Equipment Design Documentation 
     2,675,000  
     2,675,000 

    Operational Software & Website 
     381,539  
     381,539 

    Trademarks 
     787,800  
     787,800 

    License & Patents 
     3,460,876  
     3,460,877 

    Intangible assets gross 
     3,460,876  
     3,460,877 

     Accumulated Impairment Loss 
     (932,669) 
     (932,669)

    Total Intangible Assets 
    $5,138,861  
    $5,458,522 

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 flows expected
to result from use of the assets and their ultimate disposition. In instances where impairment is determined to exist, the Company will
write down the asset to its fair value based on the present value of estimated future cash flows.

    12

 SCHEDULE OF RECOGNIZED REVENUE

Net