Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 207

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 207
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 our business. To the extent we are unable to recover higher operating costs resulting from inflation or otherwise mitigate
the impact of such costs on our business, our revenues and gross profit could decrease, and our financial condition and results of operations
could be adversely affected.

Risks
Related to Our Intellectual Property

Our
success may depend on our ability to obtain and protect the proprietary information on which we base our laser-based cleaning equipment.

In
the event we acquire companies with intellectual property (“IP”) that is important to the development of our laser cleaning
products, we will need to:

    ●
    Obtain
    valid and enforceable patents;

    ●
    Protect
    trade secrets; and

    ●
    Operate
    without infringing upon the proprietary rights of others.

We
will be able to protect our proprietary technology from unauthorized use by third parties only to the extent that such proprietary rights
are covered by valid and enforceable patents or are effectively maintained as trade secrets. Any non-confidential disclosure or misappropriation
by third parties of our confidential or proprietary information could enable competitors to quickly duplicate or surpass our technological
achievements, thus eroding our competitive position in our market.

The
patent application process, also known as patent prosecution, is expensive and time-consuming, and we and our current or future licensors
and licensees may not be able to prepare, file and prosecute all necessary or desirable patent applications at a reasonable cost or in
a timely manner. It is also possible that we or our current licensors, or any future licensors or licensees, will fail to identify patentable
aspects of inventions made in the course of development and commercialization activities before it is too late to obtain patent protection
on them. Therefore, these and any of our patents and applications may not be prosecuted and enforced in a manner consistent with the
best interests of our business. It is possible that defects of form in the preparation or filing of our patents or patent applications
may exist, or may arise in the future, for example with respect to proper priority claims or inventorship. If we or our current licensors
or licensees, or any future licensors or licensees, fail to establish, maintain or protect such patents and other intellectual property
rights, such rights may be reduced or eliminated. If our current licensors or licensees, or any future licensors or licensees, are not
fully cooperative or disagree with us as to the prosecution, maintenance or enforcement of any patent rights, such patent rights could
be