Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 773

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 3
Chunk 773
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 II, PLLC (“Fruci”), identifying an adjusting
entry that Fruci had proposed and that was posted by the Company that overstated deferred revenue and needed to be corrected.

SCHEDULE OF RESTATEMENT OF FINANCIALS

    Restatement  

    Balance Sheet 
    As Filed  
    Adjustments  
    As Restated 
  
    Assets 

    Cash and cash equivalent 
    $6,201,137  
    $0  
    $6,201,137 
  
    Accounts receivable, net 
    $816,364  
    $0  
    $816,364 
  
    Inventory 
    $2,277,816  
    $-40,360  
    $2,237,456 
  
    Other Assets 
    $39,190  
    $0  
    $39,190 
  
    Total current assets 
    $9,334,507  
    $0  
    $9,294,147 
  
    PP&E 
    $952,811  
    $0  
    $952,811 
  
    Intangible Assets Net 
    $4,279,986  
    $0  
    $4,279,986 
  
    Operating Lease Right of Use Asset 
    $597,143  
    $0  
    $597,143 

    Total assets 
    $15,164,447  
    $-40,360  
    $15,124,087 

    Liabilities 

    Current Liabilities 

    Accounts payable 
    $223,040  
    $0  
    $223,040 
  
    Deferred revenue 
    $701,234  
    $-488,120  
    $213,114 
  
    Current Portion of Operating Lease 
    $434,152  
    $0  
    $434,152 
  
    Accrued expenses 
    $161,538  
    $0  
    $161,538 
  
    Total current liabilities 
    $1,519,964  
    $-488,120  
    $1,031,844 
  
    Total Long Term liabilities 
    $162,991  
    $0  
    $162,991 
  
    Total Liability 
    $1,682,955  
    $-488,120  
    $