UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: ~~June~~September 30, 2025

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________________ to __________________

Commission File Number: ~~000~~001-~~56166~~41515

Laser Photonics Corporation

(Exact name of registrant as specified in its charter)

Delaware		84-3628771
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

1101 N. Keller Road, Suite G Orlando, FL		32810
(Address of Principal Executive Offices)		Zip Code

(407) 804 1000 ~~Registrant’s Telephone Number, Including Area Code~~

~~Not~~Registrant’s ~~Applicable~~Telephone ~~Former Name~~Number, ~~Former~~Including ~~Address~~Area ~~and Former Fiscal Year, if Changed Since Last Report~~Code

Not Applicable

Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: NONE

COMMON STOCK, $0.001 PAR VALUE

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		LASE		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting Company, or an emerging growth Company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting Company,” and “emerging growth Company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated Filer	☒	Smaller reporting Company	☒
		Emerging growth company	☒

If an emerging growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Indicate by check mark whether the registrant is a shell Company (as defined in Rule 12b-2 of the Exchange Act) Yes ☐ No ☒

As of ~~June~~December 3017, 2025, ~~there~~the ~~were~~registrant 14had 22,~~276~~332,~~150~~826 shares of ~~the~~common ~~registrant’s Common~~stock, ~~Stock~~par value $0.001 per share, outstanding.

TABLE OF CONTENTS

		Page No.
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	1516
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	1718
Item 4.	Controls and Procedures	19
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	20
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	20
Item 3.	Defaults Upon Senior Securities	20
Item 4.	Mine Safety Disclosures	20
Item 5.	Other Information	20
Item 6.	Exhibits	20
Signatures		21
Certifications

Table of Contents

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

LASER PHOTONICS CORPORATION

CONSOLIDATED CONDENSED BALANCE SHEETS

	As of June 30, 2025 (Unaudited)			As of December 31, 2024 (Audited)
	As of September 30, 2025 (Unaudited)			As of December 31, 2024 (Audited)
Assets
Current Assets:
Cash and Cash Equivalents	$	783,~~522~~624,529		$	533,871
Accounts Receivable, Net		~~877~~385,~~522~~425			973,605
Contract Assets		~~657~~462,~~103~~160			759,658
Inventory		12,~~476~~145,~~637~~391			2,338,759
Other Assets		256,118			58,567
Other Current Assets		189,954			58,567
Total Current Assets		36,~~345~~807,~~902~~459			4,664,460
Property, Plant, & Equipment, Net		1,~~652~~102,~~952~~417			1,872,034
Intangible Assets, Net		54,~~138~~979,~~861~~030			5,458,522
Other Long Term Assets		316,~~378~~730			316,378
Operating Lease Right-of-Use Asset		4,~~486~~255,~~758~~722			4,840,753
Total Assets	$	1417,~~940~~461,~~851~~358		$	17,152,147
Liabilities & Stockholders’ Equity
Current Liabilities:
Accounts Payable	$	1,~~484~~592,~~062~~530		$	531,268
Account payable -affiliates/RP		126,739			27,988
Accounts Payable affiliate		182,559			27,988
Account payable		~~126~~182,~~739~~559			27,988
Short term loan		13,~~210~~577,~~923~~508			-
Short term loan - affiliates/ RP		~~620~~751,000			-
Short term loan		~~620~~751,000			-
Deferred Revenue		~~319~~370,~~872~~229			55,383
Contract Liabilities		1,~~577~~552,~~417~~846			1,042,090
Current Portion of Operating Lease		~~440~~283,~~468~~650			649,989
Accrued Expenses		~~562~~843,~~342~~962			266,717
Total Current Liabilities		69,~~341~~154,~~823~~284			2,573,435
Long Term Liabilities:
Lease liability - less current		4,~~262~~207,~~061~~901			4,366,419
Total Long Term Liabilities		4,~~262~~207,~~061~~901			4,366,419
Total Liabilities		1013,~~603~~362,~~884~~185			6,939,854
Stockholders’ Equity:
Preferred stock Par value $0.001: 10,000,000 shares authorized. 0 Issued: 0 shares were outstanding as of June 30, 2025 and December 31, 2024		-			-
Preferred stock Par value $0.001: 10,000,000 shares authorized. 0 Issued: 0 shares were outstanding as of September 30, 2025 and December 31, 2024		-			-
Common Stock Par Value $0.001: 100,000,000 shares authorized; 14,301,087 issued and 14,276,150 outstanding as of June 30, 2025 and 14,282,395 issued and 14,257,458 outstanding as of December 31, 2024		14,276			14,257
Common Stock Par Value $0.001: 100,000,000 shares authorized; 22,210,204 issued and 22,202,826 outstanding as of September 30, 2025 and 14,282,395 issued and 14,257,458 outstanding as of December 31, 2024		22,210			14,257
Additional Paid in Capital		1519,~~565~~642,~~439~~112			17,886,159
Retained Earnings (Deficit)		(1115,~~208~~864,~~938~~546	)		(7,754,313	)
Shares to be issued		-309,400			100,000
Treasury Stock		(3310,~~810~~003	)		(33,810	)
Total Stockholders’ Equity		4,~~336~~099,~~967~~173			10,212,293
Total Liabilities & Stockholders’ Equity	$	1417,~~940~~461,~~851~~358		$	17,152,147

See accompanying notes to financial statements.

Table of Contents

LASER PHOTONICS CORPORATION

CONSOLIDATED STATEMENTS OF PROFIT AND LOSS

	June 30,2025 (Unaudited)			June 30, 2024 (Unaudited)			June 30,2025 (Unaudited)			June 30, 2024 (Unaudited)
	September 30,2025 (Unaudited)			September 30,2024 (Unaudited)			September 30,2025 (Unaudited)			September 30,2024 (Unaudited)
	Three Months Ended						~~Six~~Nine Months Ended
	June 30,2025 (Unaudited)			June 30, 2024 (Unaudited)			June 30,2025 (Unaudited)			June 30, 2024 (Unaudited)
	September 30, 2025 (Unaudited)			September 30, 2024 (Unaudited)			September 30, 2025 (Unaudited)			September 30, 2024 (Unaudited)
Net Sales	$	2919,~~598,975~~284		$	~~623~~669,~~435~~182		$	45,~~889~~016,~~257~~549		$	12,~~366~~035,~~426~~608
Cost of Sales		1,208,871			308,081			2,359,387			665,204
Net Sales Affiliate		-			47,515			791,992			47,515
Gross Profit		1,390,104			315,354			2,529,870			701,222
Net Sales		-			47,515			791,992			47,515
Total Net Sales		919,284			716,697			5,808,541			2,083,123
Cost of Sales		1,104,278			107,277			3,463,665			772,481
Gross Profit		(184,994	)		609,420			2,344,876			1,310,642
Operating Expenses:
Sales & Marketing		~~256~~272,~~635~~123			~~266~~554,~~282~~667			~~874~~1,~~334~~146,457			~~402~~957,~~891~~558
General & Administrative		~~697~~1,~~265~~531,117			~~435~~1,~~776~~053,124			13,~~597~~128,~~299~~416			~~792~~1,~~042~~845,167
Depreciation & Amortization		~~339~~291,~~123~~955			~~245~~238,~~894~~617			~~576~~868,~~134~~089			~~431~~669,~~210~~827
Payroll Expenses		~~928~~805,~~482~~075			~~238~~406,~~703~~107			12,~~769~~574,~~343~~418			~~447~~853,~~158~~264
Research and Development Cost		~~131~~132,~~287~~051			6062,~~232~~802			~~247~~380,~~973~~024			~~107~~170,~~923~~725
Total Operating Expenses		23,~~352~~032,~~792~~321			12,~~246~~315,~~887~~317			58,~~065~~097,~~083~~404			24,~~181~~496,~~224~~541
Operating Income (Loss)		(~~962~~3,~~688~~217,315	)		(~~931~~1,~~533~~705,897	)		(25,~~535~~752,~~213~~528	)		(13,~~480~~185,~~002~~899	)
Other Income (Expenses):
Total Other Income (Loss)		(~~811~~1,~~214~~438,293	)		(280,~~723~~629	)		(~~919~~2,~~412~~357,705	)		3780,666
Income (Loss) Before Tax		(14,~~773~~655,~~902~~608	)		(~~934~~1,~~256~~625,268	)		(38,~~454~~110,~~625~~233	)		(13,~~479~~105,~~965~~233	)
Tax Provision		-			-			-			-
Net Income (Loss)	$	(14,~~773~~655,~~902~~608	)	$	(~~934~~1,~~256~~625,268	)	$	(38,~~454~~110,~~625~~233	)	$	(13,~~479~~105,~~965~~233	)
Deemed Dividend from Software Acquisition					~~(6,615,000~~-	)		-			(6,615,000	)
Net Comprehensive loss attributed to Common Shareholders		(1,773,902	)		(7,549,256	)		(3,454,625	)		(8,094,965	)
Deemed Dividend for Common Control Acquistion		(7,766,850	)		-			(7,766,850	)
Deemed Dividend for Cashless Exercise of Warrant		(6,312,971	)		-			(6,312,971	)
Net Comprehensive loss attributed to Common Shareholders		(18,735,429	)		(1,625,268	)		(22,190,054	)		(9,720,233	)
Earning (Loss) per Share:
Basic and diluted	$	(0.1227	)	$	(0.0913	)	$	(0.2453	)	$	(0.1529	)
Loss per share (attributable to common shareholders)		(01.1209	)		(0.7113	)		(01.2446	)		(0.8290	)
Weighted Average of Shares Outstanding		1417,~~276~~126,~~150~~748			1012,~~589~~671,~~108~~166			1415,~~273~~236,~~878~~718			910,~~924~~847,~~908~~009

See accompanying notes to financial statements.

Table of Contents

LASER PHOTONICS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

	2025 (Unaudited)			2024 (Unaudited)
	Six Months Ended June 30
	Nine Months Ended September 30
	2025 (Unaudited)			2024 (Unaudited)
OPERATING ACTIVITIES
Net Loss/Gain	$	(3,454,625	)		(1,479,965	)
Net Loss	$	(8,110,233	)		(3,105,233	)
Adjustments to Reconcile Net Loss to Net Cash Flow from Operating Activities:
Bad Debt		7(31,~~655~~301	)		-208,351
Debt discount amortization		71593,~~008~~701			-
Shares issued for compensation		555,900			33,336
Distribution to affiliate		(2,420,701	)		(2,198,993	)
Impairment		487,050			-
Depreciation & Amortization		~~576~~868,~~134~~089			~~431~~669,~~210~~827
Change in Operating Assets & Liabilities:
Accounts Receivable		88621,~~429~~004			~~370~~(165,~~348~~282	)
Contract Assets		~~102~~297,~~555~~498			-
Inventory		~~847~~752,~~289~~072			~~132~~(26,~~034~~979	)
Prepaids & Other Current Assets		(~~197~~131,~~553~~739	)		(~~366~~15,~~448~~976	)
Net Change, Right-of-Use Asset & Liabilities		4060,~~118~~174			-
Accounts Payable		1,~~051~~050,~~545~~713			~~(24~~311,~~804~~874	)
Contract Liabilities		535,327			-
Affliate Accounts Payable		154,571			-
Accrued Expenses		295,625			(53,924	)
Contract Liabilities		510,756			-
Deferred Revenue		264,490			(96,550	)
Accrued Expenses		577,247			(132,431	)
Net Cash Used in Operating Activities		(2,192,704	)		(3,253,756	)
Deposits		-			(302,000	)
Deferred Revenue		314,846			(96,549	)
Net Cash Used in Operating Activities		(1,429,652	)		(2,621,062	)
INVESTING ACTIVITIES
Purchase of Property, Plant an Equipment		-			(1257,~~934~~550	)
Purchase of Research & Development Equipment		~~(6,900~~-	)		(45,~~095~~295	)
Leasehold Improvements		(15,660	)		(182,719	)
Office & Computer Equipment		(15,660	)		-
Net Cash Used in Investing Activities		(22,560	)		(199,748	)
Invest in Leasehold Improvements		(6,900	)		(225,783	)
Net Cash Used in Investing Activities		(22,560	)		(288,628	)
FINANCING ACTIVITIES
IPFS Loan		~~(29~~42,~~458~~763	)		-
Borrowings on debt		26,~~550~~469,~~000~~627			-
Borrowings on debt		(1,380,627	)		-
Principal payments on debt		(3,545,561	)		-
Short term Loan From Affliate		~~620~~751,000			-
Common stock .01 x 100,000,000		-			(92,533	)
Shares Issued under PIPE		3,487,353			2,652,350
Common stock .001 x 100,000,000		-			12,253
Distribution to affiliate		(2,706,547	)		(3,822,037	)
Additional Paid in Capital		-			80,280
Treasury Stock		44,235			-
Net Cash provided by (used in) Financing Activities		14,~~759~~542,~~915~~870			-(1,169,687	)
Net Cash Flow for Period		~~(455~~3,~~349~~090,658	)		(34,~~453~~079,~~504~~377	)
Cash and Cassh Equivalents - Beginning of Period		533,871			6,201,137
Cash and Cash Equivalents - Beginning of Period		533,871			6,201,137
Cash and Cash Equivalents- End of Period	$	783,~~522~~624,529			2,~~747~~121,~~633~~760
NON-CASH INVESTING AND FINANCING ACTIVITIES
Shares issued for Investment		100,000			-
Transfer demo inventory to PPE		14,833			-
Share issued for purchase of license		-			6,615,000
Promissory Note to extinguish Warrants		362,500
Stock issued for Beamer Aquisiotion		643,698
Share issued for purchase of license					6,615,000
Common Stock to be issued for cashless exercise of warrants					62
Stock and Warrants for loan issuance		345,522
Exchange of warrant		6,312,972
SUPPLEMENTARY CASH FLOW INFORMATION
Cash Received / Paid During the Period for:
Income Taxes		-
Interest		-

See accompanying notes to financial statements

Table of Contents

LASER PHOTONICS CORPORATION

STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT)

(UNAUDITED)

	Shares	~~Shares~~	Amount	~~Amount~~	Shares	~~Shares~~	Amount	~~Amount~~	Shares	~~Shares~~	Amount	~~Amount~~		Stock	~~Stock~~		APIC	~~Paid-in~~		Deficit	~~Gain~~		Equity	~~Equity~~
	Six months ended June 30, 2025
	Three months ended September 30, 2025
	Preferred Stock	~~Preferred Stock~~			Common Stock	~~Common Stock~~			Shares to be issued	~~Shares to be issued.~~				Treasury	~~Treasury~~			~~Additional Paid-in~~		Accumulated	~~Accumulated Gain~~		Stockholders	~~Stockholders’ Equity~~
	Shares	~~Shares~~	Amount	~~Amount~~	Shares	~~Shares~~	Amount	~~Amount~~	Shares	~~Shares~~	Amount	~~Amount~~		Stock	~~Stock~~		APIC	~~Capital~~		Deficit	~~(Deficit)~~		Equity	~~(Deficit)~~
		#		$		#		$		#		$			$			$			$			$
Balance, June 30, 2025 (Unaudited)		-		-		14,276,150	$	14,276		-		-		$	(33,810	)	$	15,565,439		$	(11,208,938	)	$	4,336,967
As at December 31, 2024 (Audited)		-		-		14,257,458		14,257		-		100,000			(33,810	)		17,886,159			(7,754,313	)		10,212,293
Net Loss from the three months ended September 30, 2025				-				-				-								$	(4,655,608	)	$	(4,655,608	)
Net loss		-		-																	(1,680,723	)		(1,680,723	)
Distribution to affiliate																	$	(285,846	)				$	(285,846	)
Stock Issued for investment		-		-		18,692		19				(100,000	)					99,981						-
Stock Issue PIPE						1,098,902	$	1,099									$	3,486,254					$	3,487,353
Distribution to affiliate		-		-				-				-			-			(1,683,865	)					(1,683,865	)
Stock issue for Consulting Services						85,000	$	85									$	246,415					$	246,500
As at March 31, 2025 (Unaudited)		-		-		14,276,150		14,276		-		-			(33,810	)		16,302,275			(9,435,036	)		6,847,705
Stock issued for common control acquisition						3,000,000	$	3,000									$	8,397,000					$	8,400,000
Net loss		-		-				-				-			-			-			(1,773,902	)		(1,773,902	)
Stock issue for consideration ofPromissory Note						418,000	$	418									$	345,104					$	345,522
Distribution to affiliate		-		-														(736,836	)					(736,836	)
Adjustment Common Stock							$	25									$	(25	)					-
As at June 30, 2025 (Unaudited)_		-		-		14,276,150		14,276		-		-			(33,810	)		15,565,439			(11,208,938	)		4,336,967
Warrant redemption																	$	(362,500	)				$	(362,500	)
Sale of Treasury Stock						17,559								$	23,807		$	20,428					$	44,235
Compensation forService Agreement										130000	$	309,400											$	309,400
Deemed Dividend																	$	(14,079,821	)				$	(14,079,821	)
						`
Exchange of Warrants						3,307,215	$	3,307									$	6,309,664					$	6,312,971
Balance, September 30, 2025 (Unaudited)		-		-		22,202,826	$	22,210		130000	$	309,400		$	(10,003	)	$	19,642,112		$	(15,864,546	)	$	4,099,173

		Six months ended June 30, 2024
	Three months ended September 30, 2024
	Preferred Stock	~~Preferred Stock~~			Common Stock	~~Common Stock~~			Shares to be issued	~~Shares to be issued.~~			Treasury	~~Treasury~~			~~Additional Paid-in~~		Accumulated	~~Accumulated Gain~~		Stockholders	~~Stockholders’ Equity~~
	Shares	~~Shares~~	Amount	~~Amount~~	Shares	~~Shares~~	Amount	~~Amount~~	Shares	~~Shares~~	Amount	~~Amount~~	Stock	~~Stock~~		APIC	~~Capital~~		Deficit	~~(Deficit)~~		Equity	~~(Deficit)~~
		#		$		#		$		#		$		$			$			$			$
Balance, June 30, 2024 (Unaudited)		-		-		12,270,427	$	12,270		-		-	$	(25,240	)	$	17,012,050		$	(6,715,451	)	$	10,283,629
As at December 31, 2023 (Audited)		-		-		9,253,419		9,253		-		-		(25,240	)		19,180,725			(5,235,486	)		13,929,252
Net Loss from the three months ended September 30, 2024				-								-		-					$	(1,625,268	)	$	(1,625,268	)
Balance		-		-		9,253,419		9,253		-		-		(25,240	)		19,180,725			(5,235,486	)		13,929,252
Distribution to affiliate																$	(1,623,043	)				$	(1,623,043	)
Net loss		-		-		-		-		-		-		-						(1,479,965	)		(1,479,965	)
Stock Issue PIPE						1,500,000	$	1,500								$	2,650,850					$	2,652,350
Distribution to affiliate		-		-		-		-		-		-					(2,198,993	)					(2,198,993	)
Cashless Exercise of Warrants						61,970	$	62								$	(62	)					-
Stock issues for compensation		-		-		17,008		17		-		-					33,319						33,336
Balance, September 30, 2024 (Unaudited)		-		-		13,832,397	$	13,832		-		-	$	(25,240	)	$	18,039,795		$	(8,340,719	)	$	9,687,668
Stock issues for Software purchases		-		-		3,000,000		3,000		-		-					6,612,000						6,615,000
Deemed Dividend to APIC		-		-						-		-					(6,615,000	)					(6,615,000	)
As at June 30, 2024 (Unaudited)		-		-		12,270,427		12,270		-		-		(25,240	)		17,012,051			(6,715,451	)		10,283,630
Balance		-		-		12,270,427		12,270		-		-		(25,240	)		17,012,051			(6,715,451	)		10,283,630

See accompanying notes to financial statements

Table of Contents

	Nine months ended September 30, 2025
	Preferred Stock				Common Stock				Shares to be issued					Treasury						Accumulated			Stockholders
	Shares		Amount		Shares		Amount		Shares		Amount			Stock			APIC			Deficit			Equity
Balance, December 31, 2024 (Audited)		-		-		14,257,458	$	14,257		-	$	100,000		$	(33,810	)	$	17,886,159		$	(7,754,313	)	$	10,212,293

Net Loss from the nine months ended September 30, 2025				-								-			-					$	8,110,233		$	(8,110,233	)

Distribution to affiliate																	$	(2,706,547	)				$	(2,706,547	)

Stock Issue PIPE						1,098,902	$	1,099									$	3,486,254					$	3,487,353

Stock issue for Consulting Services						85,000	$	85									$	246,415					$	246,500

Stock issued for common control acquisition						3,018,692	$	3,019			$	(100,000	)				$	8,496,981					$	8,400,000

Stock issue for consideration of Promissory Note						418,000	$	418									$	345,104					$	345,522

Adjustment Common Stock							$	25									$	(25	)					-

Warrant redemption																	$	(362,500	)				$	362,500	)

Sale of Treasury Stock						17,559								$	23,807		$	20,428					$	44,235

Compensation for Service Agreement										130000	$	309,400											$	309,400

Deemed dividend																	$	(14,079,821	)				$	(14,079,821	)
						`
Exchange of Warrants						3,307,215	$	3,307									$	6,309,664					$	6,312,971

Balance, September 30, 2025 (Unaudited)		-		-		22,202,826	$	22,210		130000	$	309,400		$	(10,003	)	$	19,642,112		$	(15,864,546	)	$	4,099,173

	Nine months ended September 30, 2024
	Preferred Stock				Common Stock				Shares to be issued				Treasury						Accumulated			Stockholders
	Shares		Amount		Shares		Amount		Shares		Amount		Stock			APIC			Deficit			Equity
Balance, December 31, 2023 (Audited)		-		-		9,253,419	$	9,253		-		-	$	(25,240	)	$	19,180,725		$	(5,235,486	)	$	13,929,252
Balance		-		-		9,253,419	$	9,253		-		-	$	(25,240	)	$	19,180,725		$	(5,235,486	)	$	13,929,252

Net Loss from the nine months ended September 30, 2024				-								-		-					$	(3,105,233	)	$	(3,105,233	)
Net Loss				-								-		-					$	(3,105,233	)	$	(3,105,233	)

Distribution to affiliate																$	(3,822,037	)				$	(3,822,037	)

Stock Issued for compensation						17,008	$	17								$	33,319					$	33,336

Stock issued for Software purchases						3,000,000	$	3,000								$	6,612,000					$	6,615,000

Deemed Dividend to APIC																$	(6,615,000	)				$	(6,615,000	)

Stock Issue PIPE						1,500,000	$	1,500								$	2,650,850					$	2,652,350

Cashless Exercise of Warrants						61,970	$	62								$	(62	)					-

Balance, September 30, 2024 (Unaudited)		-		-		13,832,397	$	13,832		-		-	$	(25,240	)	$	18,039,795		$	(8,340,719	)	$	9,687,668
Balance		-		-		13,832,397	$	13,832		-		-	$	(25,240	)	$	18,039,795		$	(8,340,719	)	$	9,687,668

See accompanying notes to financial statements

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LASER PHOTONICS CORPORATION

NOTES TO FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 1 – BUSINESS

We were formed under the law of Wyoming on November 8, 2019. We changed our domicile to Delaware on March 5, 2021. We are a vertically integrated manufacturing company for photonics-based industrial products and solutions and, since recently acquiring Beamer Laser Marking Systems during Q3 2025, a developer of full-service laser marking machines for the medical, aerospace, defence, firearms, automotive, and general industrial markets and in Q4 2024 the assets of Control Micro Systems, Inc., ~~have~~- ~~now~~expanding ~~expanded~~ the market for our laser products into a large, growing pharmaceutical manufacturing vertical, in what we believe is a recession-resistant sector with significant barriers to entry.

Our vertically integrated operations allow us to reduce development and advanced laser equipment manufacturing time, offer better prices, control quality and protect our proprietary knowhow and technology compared to other laser cleaning companies and companies with competing technologies.

On November 27, 2023, FASB issues ASU 2023-07. ASU 2023-07 is effective for public entities fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. ASU 2023-07 enhances segment reporting under Topic 280 by expanding the breadth and frequency of segment disclosures. Its amendments fall into the following categories. Topic 280 requires a public entity to disclose entity-wide and segment information in the notes to financial statements. This includes the measure of profit or loss that the CODM uses to assess segment performance and decide how to allocate resources, as well as certain specified amounts included in that measure – e.g. revenue, depreciation and amortization, interest and income tax expense. However, investors have observed that there has been limited information reported about a segment’s expenses. The analysis of the company after acquisition of CMS concluded that we have only one segment and according to this, the results will be disclosed consolidated.

Going Concern

The Company has not earned sufficient revenue since its inception and has sustained operating losses during the quarter ending ~~June~~ September 30, 2025, mainly due to investments in its sales and marketing departments. The Company had sufficient working capital as of December 31, 2024. However, the Company’s continuation as a going concern is dependent on its ability to generate additional cash flow from ~~operations~~ operations to meet its obligations and/or obtain additional financing, as may be required. There is substantial doubt ofabout the ability of the Company to continue as a going concern.

Our principal executive offices are located at 1101 N. Keller Rd., Suite G, Orlando, Florida 32810, and our telephone number is (407) 804-1000. Our corporate website is https://laserphotonics.com.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES & USE OF ESTIMATES.

The accompanying unaudited condensed financial statements and notes of Laser Photonics Corporation (the “Company”) are presented in United States dollars and have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, those do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. These financial statements should be read in conjunction with the financial statements, notes and significant accounting policies included in our Annual Report on Form 10-K for the year ended December 31, 2024.

Given the nature of the revenue recognition process, the ~~company~~Company generates contract liabilities to the extent that a customer pays on project progress before the company fulfills its performance obligations under a contract or contract assets to the extent that the ~~company~~Company has earned by satisfying performance obligations but has not yet billed the customer. Contract assets represent a right to receive payment in the future once certain conditions are met per the terms of the contract. The balance of contract asset and liabilities as of 69/30//25 were $~~657~~462,~~103~~160 and $1,~~577~~552,~~417~~846, respectively, and as of 12/31/24 were $759,658 and $1,042,090, respectively.

ASC-280 Segment Reporting

Financial Accounting Standard Board (“FASB”) ASC Topic 280, “Segment Reporting,” requires annual and interim reporting for an enterprise’s operating segments and related disclosures about its products, services, geographic areas and major customers. An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and expenses, and about which separate financial information is regularly evaluated by the chief operating decision maker in deciding how to allocate resources.

Laser Photonics operates as one segment located in Orlando, FL. Our ~~company~~Company develops industrial laser cleaning, cutting, welding, marking, and wire stripping across multiple industries and customer bases. The chief operating decision maker (CODM) being the Chief Executive Officer. The CODM uses net income from operations to evaluate and make key operating decisions.

Our significant accounting policies are provided in “Note 2 – Summary of Significant Accounting Policies” in our Financial Statements 2024 Form 10-K. There have been no material changes to our significant accounting policies from those disclosed in our 2024 Form 10-K for the fiscal year ended December 31, 2024.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at dates of the financial statements and the reported amounts of revenue and expenses during the periods. Actual results could differ from these estimates. Our significant estimates and assumptions include depreciation and the fair value of our stock, stock-based compensation, debt discount and the valuation allowance relating to the Company’s deferred tax assets.

Assets

Cash and Cash Equivalents

Cash and cash equivalents consist of highly liquid investments with an original maturity of three months or less at the date of purchase. Cash and cash equivalents are carried at cost, which approximates fair value.

As of ~~June~~September 30, 2025, and December 31, 2024, the Company had $783,~~522~~624,529 and $533,871 of cash, respectively.

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Accounts Receivable

Trade accounts ~~receivable~~receivables are recorded net of allowance for expected uncollectible accounts. The Company extends credit to its customers in the normal course of business and performs on-going credit evaluations of its customers. All accounts, or portions thereof, that are deemed uncollectible are written off to bad debt expense, as incurred. As of ~~June~~September 30, 2025, and December 31, 2024, the Company’s ledger had $~~877~~385,~~522~~425, and $973,605, respectively as a balance for collectible accounts. Allowance and amount recognized as bad debt as of ~~June~~September 30, 2025, are $~~193~~158,~~333~~584 and ($731,~~655.07~~301) respectively, and as of December 31, 2024, were $193,333 and $248,413 respectively. ~~In 2024, the Company implemented processes to be following ASC326.~~

As of ~~June~~September 30, 2025, the debts of ~~Hydro~~New ~~Flask~~England ~~c/o~~Small ~~Helen~~Tube ofCorporation ~~Troy~~ (~~15.9~~22%), ~~and~~Hydro RSFlask ~~Integrated~~(16%) ~~Supply~~and ~~Puerto~~Electrical ~~Rico~~Automation ~~LLC~~ Professionals (~~22.9~~11%) were over 10% of the total of the A/R. As of December 31, 2024, debts of Nebraska Public Power District (10.2%), Phillips66 (17%), Fisher & Paykel Healthcare Ltd (13.9%) and New England Small Tube Corporation (19%), were over 10% of the total.

Advertising Expenses

Marketing, advertising and promotion expenditures are expensed in the annual period in which the expenditure is incurred.

Research & Development Expenses

Research & Development expenditures are expensed in the annual period in which the expenditure is incurred.

Stock Based Compensation

The Company accounts for stock-based payments in accordance with the provision of ASC 718, which requires that all share-based payments issued to acquire goods or services, including grants of employee stock options, be recognized in the statement of operations based on their fair values, net of estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Compensation related to share-based awards is recognized over the requisite service period, which is generally the vesting period.

The Company accounts for stock-based compensation awards issued to non-employees for services, as prescribed by ASC 718-10, at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable. The Company issues compensatory shares for services including, but not limited to, executives, management, accounting, operations, corporate communication, financial and administrative consulting services.

Lease Accounting

The Company leases office space and the production facility under operating lease agreements. The lease term begins on the date of initial possession of the leased property for purposes of recognizing lease expense on a straight-line basis over the term of the lease. Lease renewal periods are considered on a lease-by-lease basis and are generally not included in the initial lease term.

Revenue Recognition

Under Topic 606, an entity recognizes revenue when its customer obtains control of promised goods or services, in an amount that reflects the consideration which the entity expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of Topic 606, the entity performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, we assess the goods or services promised within each contract and determine those that are performance obligations and assess whether each promised good or service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied.

The Company also earns revenue through affiliate arrangements. These contracts are evaluated under ASC 606 using the same five-step model. Affiliate revenue is recognized when the Company satisfies its performance obligations under the affiliate agreement, which typically occurs when the affiliate completes a qualifying transaction or when the Company provides agreed-upon services. The transaction price is determined based on the contractual terms with the affiliate, and revenue is recorded in the amount the Company expects to receive.

Revenue is then recognized for the transaction price allocated to each respective performance obligation when (or as) the performance obligation is satisfied. For our products, revenue is generally recognized upon shipment or pickup by the customer. At this stage, the title on the manufactured equipment is transferred to the customer, and the customer is responsible for transportation expenses, insurance, and any transport-related damage to the equipment in transit. We do not have any obligation to deliver beyond the collection warehouse, and it is the customers’ contractual responsibility to ensure their goods reach their destination.

In CMS for projects that are considered custom in nature and determined the obligation will be six months to a year or more, the company will recognize revenue as a percentage of completion basis. The percentage of completion method recognizes income as work on a project progresses. The recognition of revenues and profits is generally related to costs incurred in providing the services required under the project.

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Refunds and returns, which are minimal, are recorded as a reduction of revenue. Payments received from customers before satisfying the above criteria are recorded as unearned income on the combined balance sheets.

Payments received as deposits for specific purchase orders or future laser equipment sales to customers are recognized as customer deposits and included in liabilities on the balance sheet. Customer deposits are recognized as revenue when control over the ordered equipment is transferred to the customer.

All revenues are reported net of any sales discounts or taxes.

Other Revenue Recognition Matters related to Distributors.

Distributors generally have no right to return unsold equipment. However, in limited circumstances, if the Company determines that distributor stock is morally aging beyond the Company’s new model releases, it may accept returns and provide the distributor with credit against their trading account at the Company’s discretion under its warranty policy. This revenue is recognized on a consignment basis and transfer of control is when an item is sold to end customer at which time the ~~company~~Company recognizes revenue.

Cash and Cash Equivalents

Cash and cash equivalents consist of highly liquid investments with an original maturity of three months or less at the date of purchase. Cash and cash equivalents are carried at a cost, which approximates fair value.

Accounts Receivable

Trade accounts receivable is recorded net of allowance for expected uncollectible accounts. The Company extends credit to its customers in the normal course of business and performs on-going credit evaluations of its customers. All accounts, or portions thereof, that are deemed uncollectible are written off to bad debt expense, as incurred. In addition, most sales orders are not accepted without a substantial deposit. As of September 30, 2025, the balance of collectible accounts was $$385,425 and the amount recognized as bad debt as of September 30, 2025, was ($31,301).

Current Liabilities

Accounts Payable

Accounts payable consist of short-term liability to our vendors and sub-contractors, who extend credit terms to the Company or deliver goods or services with delayed payment terms. AsOur accounts payable and accounts payable affiliates were recorded as of ~~June~~September 30, 2025, at $1,592,530 and ~~December 31~~$182, ~~2024~~559, ~~our~~and ~~accounts~~as ~~payable~~of ~~were~~December ~~recorded~~31, 2024, at $~~718~~531,~~053~~268 and $~~531~~27,~~268~~988, respectively.

Deferred Revenue

As of ~~June~~September 30, 2025, the Company had $~~319~~370,~~872~~229 in Deferred Revenue, and as of December 31, 2024, the Company’s deferred revenue ~~liabilities~~ liabilities were recorded at $55,383.

Loans and Notes Payable

On April 3, 2025, on April 16, 2025, June 20, 2025, July 8, 2025, and onJuly ~~June~~12, 202025, the “Company received from ICT Investments, the owner of the majority of outstanding shares of the Company’s common stock, an unsecured ~~loan~~loans in the principal amount of $200,000, ~~an unsecured loan in the principal amount of~~ $400,000, ~~and~~ ~~unsecured~~$20,000, ~~loan~~$101,000, inand ~~the principal amount of~~ $2030,000 respectively, to assist Laser Photonics in meeting certain expenses, including payroll. Laser Photonics issued promissory notes ~~for each of these loans~~, with interest at $20,000, $40,000, ~~and~~ $2,000 , $10,000 and $3,000 respectively, and a maturity date of ~~May~~ May 31, 2025, June 30, 2025, ~~and~~ August 30, 2025, September 8, 2025, and September 12, 2025 respectively. The unpaid principal balance of ICT loans as of September 30, 2025, was $751,000. The unpaid interest balance of ICT loans as of ~~June~~September 30, 2025, was $~~620~~75,000.

On May ~~February 13~~6, 2025, the Company ~~entered~~issued ~~into~~ a ~~Business~~Promissory ~~Loan~~Note ~~and~~in ~~Security~~favor ~~Agreement~~of ~~dated~~District ~~February~~2 ~~13,~~Capital ~~2025~~Fundor. (The Company promises to pay to the ~~“Loan~~ ~~Agreement”)~~order ~~among~~of District ~~Agile~~2 Capital ~~Funding,~~Fundor ~~LLC~~not later than (~~“Agile~~ ~~Capital”),~~six ~~Agile~~months ~~Lending,~~from ~~LLC~~date ~~(“Agile~~of ~~Lending”~~the Note) ~~and~~, the ~~Company’s~~principal ~~subsidiary,~~amount ~~Control~~of ~~Micro~~Three ~~Systems~~hundred ~~Florida,~~sixty ~~LLC,~~two ~~under~~thousand and ~~which~~five ~~the~~hundred ~~Company~~Dollars ~~issued~~($362,500), acalculated ~~Confessed~~on ~~Judgment~~the ~~Promissory Note~~basis ~~for~~of a“Black ~~term~~Scholes ~~loan~~Value” inmeaning the ~~principal~~value ~~amount~~ of $1Holder’s Warrant dated August 19,~~050~~ 2024,~~000~~ toissued bein ~~repaid~~connection with a PIPE transaction through ~~weekly~~Aegis ~~principal~~Capital Corp. as Placement Agent and ~~interest~~based ~~payments~~on ofthe ~~$54,000~~Black-Scholes ~~commencing February~~Option ~~24,~~Pricing ~~2025,~~Model ~~and~~obtained ~~ending~~from ~~September~~the 1,“OV” ~~2025~~function on Bloomberg, ~~subject~~L.P. to(“Bloomberg”) ~~payment~~determined as of athe ~~$50,000~~date ~~administrative~~of ~~agent~~this ~~fee~~Promissory ~~paid~~Note to(this ~~Agile~~“Note”) ~~Capital.~~for ~~The~~pricing ~~Loan~~purposes isand ~~secured~~reflecting by(A) a ~~blanket~~risk-free ~~lien~~interest onrate ~~the~~corresponding ~~Company’s~~to ~~assets~~the U.S. ~~The~~Treasury ~~Loan~~rate ~~may~~for bea ~~prepaid~~period ~~subject~~equal to ~~payment~~the time between the date of this ~~prepayment~~Note ~~fee~~and the Maturity Date, (B) an expected volatility equal to the ~~aggregate~~ ~~and~~greater ~~actual~~of ~~amount~~(1) of100% ~~interest~~and (at2) the ~~contract~~100 ~~rate~~day ofvolatility ~~interest)~~as ~~that~~obtained from ~~would~~the beHVT ~~paid~~function ~~through~~on ~~the~~Bloomberg ~~maturity~~(determined utilizing a 365 day annualization factor) as of the date of this Note. This Note was issued in connection with redemption of Holder’s outstanding warrant dated August 19, 2024 (125,000 warrants).

On April 25, 2025, ~~Laser Photonics Corporation (~~the “Company” ~~or “Laser Photonics”)~~ entered into a Business Loan and Security Agreement dated April 25, 2025 (the “Loan Agreement”) among Agile Capital Funding, LLC (“Agile Capital”), Agile Lending, LLC (“Agile Lending”) the Company and its subsidiary, Control Micro Systems Florida, LLC, under which the Company issued a Confessed Judgment Promissory Note for a term loan in the principal amount of $1,500,000 to be repaid through weekly principal and interest payments of $72,000 commencing May 6, 2025, and ending November 25, 2025, subject to payment of a $75,000 administrative agent fee paid to Agile Capital. The Loan is secured by a blanket lien on the Company’s assets. The Loan may be prepaid subject to payment of prepayment fee equal to the aggregate and actual amount of interest (at the contract rate of interest) that would be paid through the maturity date. This loan has been settled in full refinancing with the Agile Loan dated July 7, 2025.

~~The~~On ~~balance~~July of8, 2025, the Company entered into a Business Loan and Security Agreement dated July 7, 2025 (the “Loan Agreement”) among Agile Capital Funding, LLC ~~loans~~(“Agile asCapital”), Agile Lending, LLC (“Agile Lending”) the Company and its subsidiary, Control Micro Systems Florida, LLC, under which the Company issued a Confessed Judgment Promissory Note for a term loan in the principal amount of ~~June~~$2,100,000 and total interest payments of $924,000 to be repaid through weekly principal and interest payments of $94,500 commencing July 16, 2025, and ending February 18, 2026, subject to payment of a $100,000 administrative agent fee paid to Agile Capital. The Loan is secured by a blanket lien on the Company’s assets. The Loan may be prepaid subject to payment of prepayment fee equal to the aggregate and actual amount of interest (at the contract rate of interest) that would be paid through the maturity date. As of September 30, 2025, ~~was~~the loan reflects an outstanding principal balance of $1,~~169~~559,~~327~~439 and ainterest ~~Debt Discount~~ of $53425,~~972~~061.

On January 14, 2025, Laser Photonics Corporation (the “Company” or “Laser Photonics”) entered into a business loan agreement with IPFS Corporation to finance an insurance policy contracted through the agent Brown & Brown Insurance. Under the terms of the agreement, the Company made a down payment of $33,192. The initial principal amount of the loan was $99,926, which was subsequently increased to $165,908 in March 2025 to include coverage for CMS under the same policy. As of June 30, 2025, the remaining balance of the loan with IPFS Corporation was $95,522.10

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On August 28, 2025, the Company closed a convertible note financing with Hudson Global Ventures, LLC (“Hudson Global”). In connection with this financing, the Company entered into a Securities Purchase Agreement (the “SPA”) with Hudson Global requiring that the Company (i) issue 418,000 shares of its common stock as commitment shares (the “Commitment Shares”), (ii) issue a warrant (the “Warrant”) for 157,258 shares of the Company’s common stock at a conversion price of $4.34 per share subject to customary adjustments for fundamental corporate actions such as mergers, reverse splits and stock dividends, that is exercisable for five years or that the Company must earlier pay the Event of Default Black Scholes Value as that term is defined in the Warrant if the Company’s common stock is deemed “penny Stock” under SEC Rule 240.3a51-1, and (iii) issue a 12 month secured convertible promissory note in the principal amount of $455,0000 (the “Convertible Note”) bearing annual interest of 12% to be repaid through monthly amortization payments of $45,818 and that is convertible into shares of the Company’s common stock at a fixed price of $4.34 per share, subject to customary adjustments for fundamental corporate actions such as mergers, reverse splits and stock dividends, that can be prepaid within the first 60 days from August 27, 2025, without any penalty and after 60 days from August 27, 2025,at a payment of 118% of the accrued and unpaid interest and unpaid principal of the Convertible Note. Under the terms of the SPA, Hudson Global has piggyback rights for the conversion shares underlying the Warrant and the Convertible Note as well as for the Commitment Shares. This loan has been settled in full refinancing with the Note Purchase Agreement dated September 12, 2025.

On September 12, 2025, the Company entered into a Note Purchase Agreement (the “NPA”) with four holders pursuant to which it issued to such holders certain unsecured promissory notes (the “Notes”). The Notes are (i) in the total principal amount of $2,111,111.12 with an Original Issuance Discount (“OID”) equal to 10% that resulted in the Company receiving net proceeds of $1,129,400 following deductions for expenses, including an 8% placement agency fee and 1% non-accountable allowance paid to RBW Capital Partners LLC (“RBW”), a division of Dawson James Securities, Inc., under the terms of a Placement Agency Agreement dated September 5, 2025, between the Company and RBW, and repayment of principal and accrued and unpaid interest of $509,600 owed to Hudson Global Ventures, LLC (“Hudson Global”) under a convertible note in the principal amount of $455,000 issued under the term of a Securities Purchase Agreement dated August 27, 2025, (ii) due the earlier of three (3) months from the dates of the Notes which are all September 12, 2025, or in the event of a prior subsequent financing by the Company, the Notes at the option of the holder must be repaid in full or, if applicable, are exchangeable into the consideration in the subsequent offering, (iii) subject to a payment in the event of a default of 120% of the unpaid principal amount, accrued interest and all other amounts owing under the Notes, which amount increases by 5% every 30 days following the date of the event of default until the Notes are paid in full (the “Mandatory Default Amount”) and (iv) limited to prepayment only upon a change of control of the Company subject to payment of the Mandatory Default Amount. As of September 30, 2025, the loan reflects an outstanding principal balance of $2,111,111.

Inventory

Inventories are stated at a lower cost or net realizable value using the first-in-first-out (FIFO) method. The Company has ~~four~~five principal categories of inventory:

Equipment parts inventory - This inventory represents components and raw materials that are currently in the process of being converted to a certifiable lot of saleable products through the manufacturing and/or equipment assembly process. Inventories include parts and components that may be specialized in nature and subject to rapid obsolescence. The Company periodically reviews the quantities and carrying values of inventories to assess whether the inventories are recoverable. Because of the Company’s vertical integration, a significant or sudden decrease in sales activity could result in a significant change in the estimates of excess or obsolete inventory valuation. The costs associated with provisions for excess quantities, technological obsolescence, or component rejections are charged to the cost of sales as incurred.

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Work in process inventory - Work in process inventory consists of inventory that is partially manufactured or not fully assembled as of the date of these financial statements. This equipment, machines, parts, frames, lasers and assemblies are items not ready for use or resale. Costs are accumulated as work in process until sales ready items are compete when it is moved to finished goods inventory. Amounts in this account represent items at various stages of completion at the date of these financial statements.

Finished goods inventory - Finished goods inventory consists of purchased inventory that were fully manufactured, assembled or in saleable condition. Finished goods inventory is comprised of items that are complete and ready for commercial application without further cost other that delivery and setup. Finished goods inventory includes demo and other equipment, lasers, software, machines, parts or assemblies.

AsConsignment inventory – Consignment inventory includes amounts held on consignment at third party locations of ~~June~~Method 30Tools, ~~2025~~is properly recorded, valued, and ~~December~~disclosed. ~~31,~~Management ~~2024~~has evaluated the existence, ~~respectively~~ownership, ~~our~~and valuation of consignment inventory ~~consisted~~and confirms that such inventory remains the property of the ~~following:~~Company until sold and is included in “Inventories” on the accompanying balance sheets.

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On September 30, 2025, and December 31, 2024, respectively, our inventory consisted of the following:

SCHEDULE OF INVENTORY

	As of June 30,			As of December 31,
	As of September 30,			As of December 31,
Inventory	2025			2024
	(Unaudited)	~~(Unaudited)~~		(Audited)	~~(Audited)~~
Equipment Parts Inventory	$	1,~~614~~844,~~061~~223		$	1,820,347
Finished Goods Inventory		~~550~~763,~~324~~160			999,100
Work in process Inventory		8894,~~890~~175			295,950
Inventory Reserve		(776,638	)		(776,638	)
Consignment Inventory		171,823.00			-
Total Inventory	$	1,476,637		$	2,338,759
Inventory Reserve		(727,990	)		(776,638	)
Total Inventory	$	2,145,391		$	2,338,759

Fixed Assets - Plant Machinery and Equipment

Property and equipment are recorded at cost. Expenditures for major additions and improvements are capitalized, and minor replacements, maintenance, and repairs are charged to expense as incurred. When property and equipment are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gain or loss is included in the results of operations for the respective period.

Machinery and Equipment

Depreciation is provided over the estimated useful lives of the related assets using the straight-line method for financial statement purposes. The Company uses other depreciation methods (generally accelerated) for tax purposes where appropriate. The estimated useful lives for significant property and equipment categories are as follows:

Category		Economic Useful Life
Office furniture and fixtures		3-5 years
Machinery and equipment		5-7 years
Leasehold Improvements		1-10 years *
Intangible Assets		6-15 years

or the Lease term -whichever is less.

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SCHEDULE OF FIXED ASSETS

Fixed Assets	As of ~~June~~September 30, 2025 (Unaudited)			As of December 31, 2024 (Audited)
Accumulated Depreciation	$	(23,~~770~~389,~~025~~198	)	$	(2,513,551	)
Machinery & Equipment		2,~~458~~459,~~985~~093			2,458,986
Office Furniture & Computer Equipment		317,147			301,487
Vehicles		117,894			117,894
R&D Equipment		43,268			43,268
Software		50,671			50,671
Leasehold improvements		264,458			257,558
Demonstration equipment		1,170,554			1,155,721
Consignment Machine & Equipment		45,634			-
Property, plant and equipment, gross		1,170,554			1,155,721
Demonstration equipment		1,193,450			1,155,721
Total Fixed Assets	$	1,652,952		$	1,872,034
Property, plant and equipment, gross		1,193,450			1,155,721
Total Fixed Assets	$	1,102,417		$	1,872,034

Intangible Assets

Intangible assets consist primarily of capitalized equipment design documentation, software costs for equipment manufactured for sale, research, and development, as well as certain patent, trademark and license costs. Capitalized software and equipment design documentation development costs are recorded in accordance with Accounting Standard Codification (“ASC”) 985 “Software” with costs amortized using the straight-line method over a ten-year period. Patent, trademark and license costs are amortized using the straight-line method over their estimated useful lives of 6-15 years. On an ongoing basis, management reviews the valuation of intangible assets to determine if there has been impairment by comparing the related assets’ carrying value to the undiscounted estimated future cash flows and/or operating income from related operations.

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~~Table~~The Company employs various core technologies across many different product families and applications in an effort to maximize the impact of ~~Contents~~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 CMS.

The Company employs various core technologies across many different product families and applications in an effort to maximize the impact of 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~~September 30, 2025 (Unaudited)			As of December 31, 2024 (Audited)
Accumulated Amortization	$	(1,~~444~~604,~~685~~516	)	$	(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	$	54,~~138~~979,~~861~~030		$	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.

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SCHEDULE OF RECOGNIZED REVENUE

Net Earnings/Loss per Share

Basic Earnings/Loss per share is calculated by dividing the Earnings/Loss attributable to stockholders by the weighted-average number of shares outstanding for the period. Diluted Earnings/Loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings (loss) of the Company. Diluted Earnings/Loss per share is computed by dividing the Earnings/Loss available to stockholders by the weighted average number of shares outstanding for the period and dilutive potential shares outstanding unless such dilutive potential shares would result in anti-dilution.

NOTE 3 – STOCKHOLDERS’ EQUITY/DEFICIT

General

The following description of our securities and certain provisions of our amended and restated certificate of incorporation and amended and restated bylaws are summaries and are qualified by reference to the amended and restated certificate of incorporation and our bylaws that will be in effect on the closing of this offering. Copies of these documents have been filed with the SEC as exhibits to our registration statement, of which this prospectus forms a part. The descriptions of the Shares, and preferred stock, reflect changes to our capital structure that will be in effect on the closing of this offering. In the ~~second~~third quarter of 2025 distributions to affiliate company Fonon Corporation totalled $~~736~~285,~~836~~845. They include sales, marketing, payroll, and other shared costs associated with Fonon Corporation.

Preferred Stock

● Par value: 0.001 ● Authorized: 10,000,000 ● Issued: There were no preferred shares issued and outstanding as of ~~June~~September 30, 2025

Common Stock

● Par value: 0.001 ● Authorized: 100,000,000 ● Issued: 1421,~~301~~111,~~087~~302 as of ~~June~~September 30, 2025

Treasury Stock

● In October 2023, the Company repurchased a total of 24,394 shares of the Common Stock.

In January 2025 18,692 shares of common stock were issued as part of the payment for the purchase of the assets and certain liabilities of Control Micro System (CMS Laser).

On May 5, 2025, the Company entered into exchange agreement with Empery Asset Master LTD, Empery Tax Efficient, LP and Empery Tax Efficient III, LP, (Holders). Holders hold the number of Warrants to Purchase Common Stock originally issued on August 19, 2024, to Altium Growth Fund, LP (125,000 warrants), exercisable into the number of shares of Common Stok of the Company. In a modified agreement dated July 8, 2025, the Holders received in exchange to the 125,000 warrants, 107,215 shares of common stock at agreed price of $2.90. The updated calculation can be found on the last page of the agreement, but in summary we are updating the amount of shares being issued to reflect the difference in value of the shares previously agreed at $2.90, now down to $2.53 (the current stock price).

In August 2025, the Company issued 3,000,000 restricted shares of common stock to Fonon Quantum Technologies, Inc. as consideration for the acquisition of the net assets of Beamer Laser Marking Systems. The shares were valued at the market rate of the Company’s stock on the date of the Agreements which is $2.8, for a total amount of $8,400,000. Both companies are under common control of ICT Investments and the excess paid over the net assets of Beamer Laser Marking Systems was accounted as deemed dividend for a total of $7,766,850. As result the value back to the Equity was $633,150.

On July 8, 2025, the Company issued 85,000 restricted shares of common stock to Hudson Global Venture LLC, in exchange for consulting services to be provided by Hudson Global Venture LLC until August 15, 2025. The share of common stock’s market value was $2.90 and the total equity value was $246,500.

On August 11, 2025, the Company entered in Consulting Services Agreement with FMW Media Works LLC. According to the agreement the Company agreed to issue 130,000 shares of restricted common stock to FMW Media Works LLC as compensation for the services. As of September 30, 2025, the obligation is reflected as Shares to be Issued in the Balance Sheet. The FV of the shares was considered the market value at the date of the Agreement 2.38, for a total value of $309,400.

On August 27, 2025, the Company issued 418,000 restricted shares of common stock and 157,258 warrant shares to Hudson Global Ventures, LLC as additional consideration for the purchase of the secured promissory note in principal amount of $455,000. The share of common stock FMV was $4.34 and FV for the warrants was $3.4636. This promissory note was fully paid with the RBW Bridge Financial Loan. APIC was increased by $345,522.

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On September 2, 2025, the Company entered into an agreement to exchange certain outstanding warrants issued in the August 2024 PIPE financing (the “Exchange Agreement”). These warrants, which had an exercise price of $4.34 per share and included a full ratchet anti-dilution provision, entitled holders to purchase up to an aggregate of 0.8 million shares of the Company’s common stock. In exchange for relinquishing these warrants, the warrant holders will receive unrestricted shares of the Company’s common stock equal to 400% of the number of shares of the Company’s common stock issuable upon exercise of the warrants that for all warrant holders results in an aggregate of 3.2 million unrestricted shares of the Company’s common stock. The Company also has agreed, subject to customary exceptions, for a period of 30 days starting on September 3, 2025, not to issue any shares of its common stock nor to file any registration statant or any amendment or supplement to any existing registration statement. The excess of the FV of the shares of common stock over the FV recalculated using Black-Scholes method at the date of the operation was considered and accounted as deemed dividend.

On September 22, 2025, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors (the “Investors”), pursuant to which the Company agreed to issue and sell to the Investors in a private placement (the “Offering”) (i) 1,098,902 shares (the “Shares”) of common stock of the Company, $0.001 par value (the “Common Stock”), (ii) series A warrants to purchase up to 1,098,902 shares of Common Stock (the “Series A Warrants”) and (iii) series B warrants to purchase up to 1,098,902 shares of Common Stock (the “Series B Warrants” and, with the Series A Warrants, the “Common Warrants” and, collectively with the Shares, and the Series B Warrants, the “Securities”) for a purchase price of $3.64 per share of Common Stock and related Common Warrants, for a net total of $3,487,353, the fees were net against the proceeds. The Offering was closed on September 29, 2025, subjected to customary closing conditions. The Company also issued to the placement agent facilitating the Exchange Agreement or its designees warrants to purchase an aggregate of 76,923 shares of its restricted common stock that are exercisable for five years at $4.55 per share subject to customary adjustments, including for stock splits, stock dividends, rights offerings and fundamental transactions such as a merger resulting in a change of control.

The Series A Warrants have an exercise price of $3.40 per share, are exercisable upon issuance (the “Initial Exercise Date”), and expire five years following the effective date of the registration statement to be filed in connection with the Offering. The Series B Warrants have an exercise price of 3.40 per share, are exercisable commencing on the Initial Exercise Date and expire eighteen months following the effective date of the registration statement to be filed in connection with the Offering. Under the terms of the Common Warrants, the Investors may not exercise the warrants to the extent such exercise would cause the Investor, together with its affiliates and attribution parties, to beneficially own a number of shares of common stock which would exceed 4.99% (or, at such Investor’s option upon issuance, 9.99%), of the Company’s then outstanding Common Stock following such exercise, excluding for purposes of such determination shares of Common Stock issuable upon exercise of such warrants which have not been exercised.

The Purchase Agreement contains representations, warranties, indemnification and other provisions customary for transactions of this nature. The Purchase Agreement also provides that, subject to certain exceptions, until 15 days after the effective date of the registration statement to be filed in connection with Offering, neither the Company nor any of its subsidiaries will issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of Common Stock or Common Stock equivalents or file a registration statement other than one in connection with the Offering. The Purchase Agreement also provides that, subject to certain exceptions, for a period of one year following the effective date of the registration statement to be filed in connection with Offering, the Company will be prohibited from effecting or entering into an agreement to effect any issuance by the Company or any of its subsidiaries of Common Stock or Common Stock equivalents (or a combination of units thereof) involving a variable rate transaction, which generally includes any transaction in which the Company (i) issues or sells any debt or equity securities that are convertible into, exchangeable or exercisable for, or include the right to receive additional shares of common stock either (A) at a conversion price or exchange rate that is based upon and/or varies with the trading prices of or quotations for the shares of common stock at any time after the initial issuance of such securities, or (B) with a conversion, exercise or exchange price that is subject to being reset at some future date after the initial issuance of such debt or equity security or upon the occurrence of specified or contingent events directly or indirectly related to the business of the Company or the market for the common stock or (ii) enters into any agreement, whereby the Company may issue securities at a future determined price (including but not limited to, certain “at-the-market offerings” as described more fully in the Purchase Agreement).

As part of the Offering, the Company entered into a Registration Rights Agreement, dated September 22, 2025, with the Investors, pursuant to which the Company agreed to register the resale of the shares of Common Stock sold in the Offering and the shares of Common Stock issuable upon exercise of the Common Warrants. The Company will use its commercially reasonable best efforts to file the registration statement by the 15^th calendar day after the date of the Registration Rights Agreement and cause the registration statement to be declared effective within 45 days of September 22, 2025 (or 75 days in the event the registration statement is reviewed in “full”). If the Company fails to meet the specified filing deadlines or keeps the registration statement effective, subject to certain permitted exceptions, the terms of the Registration Rights Agreement provide that the Company will be required to pay certain liquidated damages to the Investor. The Company also agreed, among other things, to indemnify the Investors under the registration statement from certain liabilities and to pay all fees and expenses incident to the Company’s performance of or compliance with the Registration Rights Agreement.

Warrants

As of ~~June~~September 30, 2025, there were 12,~~050~~431,~~000~~985 ~~Warrants~~warrants ~~Outstanding~~outstanding. All the warrants outstanding on December 32, 2024, were redeemed.

SCHEDULE OF WARRANTS

Warrants as of December 31, 2024	$	4.34			1,050,000		4,557,000
No	Entity		Date	Amount Issued		Exercise Price		Black-Scholes value		Total value
Issued					-
1	Hudson Global Ventures, LLC		8/27/2025		157,258	$	4.34	$	3.46	$	544,678.81
Expired					-
2	HC Wainwright & Co		9/29/2025		76,923		4.55		1.6825		129,422.95
Warrants as of June 30, 2025	$	4.34			1,050,000		4,557,000
3	Anson East Master Fund-Series A		9/29/2025		90,658		3.40		3.40		308,237.20
4	Anson East Master Fund-Series B		9/29/2025		90,658		3.40		2.32		210,326.56
5	Anson Investments Master Fund-Series A		9/29/2025		321,429		3.40		3.40		1,092,858.60
6	Anson Investments Master Fund-Series B		9/29/2025		321,429		3.40		2.32		745,715.28
7	Capital Global-Series A		9/29/2025		137,363		3.40		3.40		467,034.20
8	Capital Global-Series B		9/29/2025		137,363		3.40		2.32		318,682.16
9	Intracoastal Capital-Series A		9/29/2025		274,726		3.40		3.40		934,068.40
10	Intracoastal Capital-Series B		9/29/2025		274,726		3.40		2.32		637,364.32
11	Iroquois Capital Mgmt-Series A		9/29/2025		82,418		3.40		3.40		280,221.20
12	Iroquois Capital Mgmt-Series B		9/29/2025		82,418		3.40		2.32		191,209.76
13	Iroquois Master Fund-Series A		9/29/2025		192,308		3.40		3.40		653,847.20
14	Iroquois Master Fund-Series B		9/29/2025		192,308	$	3.40	$	2.32	$	446,154.56
	Total				2,431,985					$	6,959,821.20

Options

As of ~~June~~September 30, 2025, there ~~weren’t~~were ~~Options~~no ~~Issued~~stock options issued or ~~Outstanding~~outstanding

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NOTE 4 – RELATED PARTY TRANSACTIONS

ICT Investments provides the Company accounting services and various management services on an as needed basis. For the three months ~~ended~~ ~~June~~ended September 30, pursuant to an arrangement with ICT Investments, the Company had not paid these services but had recorded payables for $3539,~~760 for~~903 for accounting services, and $8370,~~073~~460 for other services. Any distribution between Laser Photonics and ICT must be distributed to an affiliate company. The Company owes $772,~~907~~196 for ~~marketing~~ services to FONON ~~Corporation~~Technology Inc.

ICT Investments owns directly 4,438,695 shares of the Company’s common stock. As of ~~June~~September 30, 2025, ICT Investments owns ~~58.55~~approximately 52% of the total shares outstanding through the shares of the Company’s common stock owned by ~~FONON~~Fonon Technologies Inc. (935,000 shares) and ~~FONON~~ Fonon Corporation (3,000,000 shares), and Fonon Quantum Technologies Inc. (3,000,000 shares) that are ~~both~~all controlled by ICT Investments. Dmitriy Nikitin is the Managing Partner of ICT Investments and has controlled the Company since its inception.

On April 3, 2025, on April 16, 2025, June 20, 2025, July 8, 2025, and onJuly ~~June~~12, 202025, the “Company received from ICT Investments, the owner of the majority of outstanding shares of the Company’s common stock, an unsecured ~~loan~~loans in the principal amount of $200,000, ~~an unsecured loan in the principal amount of~~ $400,000, ~~and~~ ~~unsecured~~$20,000, ~~loan~~$101,000, inand ~~the principal amount of~~ $2030,000 respectively, to assist Laser Photonics in meeting certain expenses, including payroll. Laser Photonics issued promissory notes ~~for each of these loans~~, with interest at $20,000, $40,000, $2,000, $10,000 and $23,000 respectively, and a maturity date of May 31, 2025, June 30, 2025, ~~and~~ August 30, 2025, September 8, 2025, and September 12, 2025, respectively. The unpaid principal balance of ICT loans as of September 30, 2025, was $751,000. The unpaid interest balance of ICT loans as of ~~June~~September 30, 2025, was $~~620~~75,000.

On ~~June~~August 275, 2025, Laser Photonics Corporation (the “Company” ~~received~~or a“Laser ~~temporary~~Photonics”) ~~advance~~entered into an Asset Purchase Agreement (the “APA”) with Fonon Quantum Technologies, Inc. (“FQTI”), an affiliate of ~~$30~~ICT Investments,~~000~~ LLC, ~~listed~~the Company asthat ~~Deposit~~together with its affiliates has voting control of Laser Photonics, ~~from~~to ~~FONON~~acquire ~~Technologies~~the assets of Beamer Laser Marking Systems (“Beamer”), the laser capital equipment manufacturing division of ARCH Cutting Tools, Inc, a Michigan corporation. toBeamer manufactures ~~support~~IR ~~short-term~~fibre laser marking systems that provide standard, engineered and inline 1064nm IR laser marking solutions for a variety ~~liquidity~~of ~~needs~~industries used in tracking and traceability to serialization, 2D codes and decorative marking. ~~The~~Under ~~advance~~the ~~was~~terms ~~unsecured~~of the APA, ~~non-interest~~Laser Photonics ~~bearing~~agreed to issue 3,000,000 ~~and~~restricted ~~repayable~~shares onof ~~demand~~its common stock as payment for the Beamer net assets. including its intellectual property, and all contracts. The ~~Company~~foregoing ~~repaid~~description of the ~~full~~APA ~~amount~~is qualified in its entirety by reference to the full text of that ~~affiliate~~agreement, ina ~~the~~copy ~~subsequent~~of ~~month~~each of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

~~This~~Because the transaction was ~~conducted~~between inentities ~~the~~under ~~ordinary~~common ~~course~~control of(ICT ~~business~~Investments controls both the Company and ~~was~~FQTI), ~~settled~~the acquisition will be accounted for in ~~cash~~accordance with ASC 805-50 (“Transactions Between Entities Under Common Control”). NoAccordingly, the Beamer assets will be recognized at their historical carrying amounts ~~related~~rather tothan ~~this~~at ~~advance~~fair ~~were~~value, ~~outstanding~~and no goodwill will be recorded. asComparative ofprior-period ~~the~~financial ~~reporting~~statements ~~date~~will not be restated. See Table below that shows Total Assets, Liabilities and Common Stock acquired for Common Control.

~~Since~~SCHEDULE ~~the~~OF ~~date~~TOTAL ~~of incorporation on November 8~~ASSETS, ~~2019,~~LIABILITIES ~~the~~AND ~~Company~~COMMON ~~has~~STOCK engaged in the following transactions with our directors, executive officers, holders of more than 5% of its voting securities, and affiliates or immediately family members of its directors, executive officers, and holders of more than 5% of our voting securities, and its co-founders. The Company believes that all these transactions were on terms as favourable as could have been obtained from unrelated third parties.ACQUIRED


Laser Photonics Acquisition Date 8/5/2025
Description	Amount
Assets	$
Accounts Receivable/Other Receivable		1,524
Inventory		573,537
PP&E		68,638
Liabilities and Stockholder Equity
Accounts Payable/Other Liability		(10,549	)
Common Stock		(3,000	)
APIC		(8,397,000	)
Deemed Dividend for Common Control Acquisition	$	(7,766,850	)

During the first nine months of 2025, the Company recorded total revenue of $791,992 from its affiliate, Fonon Technology Inc. The revenue recognition has been realized according to ASC 606. The Company has entered into a service agreement with Fonon under which it is obligated to pay a fee equal to 6.5% for the use Fonon’s system for award management and registration with the Federal Government As of the reporting date, the Company has accrued $40,412.06 related to the agreement.

Since the date of incorporation on November 8, 2019, the Company has engaged in the following transactions with our directors, executive officers, holders of more than 5% of its voting securities, and affiliates or immediately family members of its directors, executive officers, and holders of more than 5% of our voting securities, and its co-founders. The Company believes that all these transactions were on terms as favorable as could have been obtained from unrelated third parties.

NOTE 5 – COMMITMENTS AND CONTINGENCIES

In October 2021, the Company entered a lease with Davis & Harrell, LLC on 18,000 SF In October 2023, the Company entered into a lease for an additional 8000 SF of office space adjacent to the original facility. In November 2024 was signed an Amendment to Lease Agreement for extending the lease for both areas from December 2024 till December 2025. The combined monthly expense is $25,832.

In December 2022, the Company entered into an agreement with 2701 Maitland Building Associates to rent 8,000 SF of additional office space near the main facility, for our growing sales and marketing program. In February 2025, a Lease Termination Agreement was signed for ending the lease in July 2025. The termination fee for March, April, May, June and July ~~will~~were be $14,912. ~~As of June 30, 2025, the Company has paid the termination fees corresponding to the months of March, April and May, 2025.~~

In October 2024, the Company entered into an agreement with SPI TCM TECHNOLOGY PARK OWNER LLC to rent 46,481SF. The commencement date for the base rent was January 1, 2025. The base rent for the year 2025 is $50,354.

As of January 1, 2020, we adopted ASU 2016-02 employing the cumulative-effect adjustment transition method. As of ~~June~~September 30, 2025, our ~~balance~~ balance sheet shows $4,~~486~~255,~~758~~ 722, as a Right-of-use asset for operating leases, $~~440~~283,~~468~~ 650 as a current operating lease liability, and $4,~~262~~207,~~061~~901 as a lease liability less the current portion.

SCHEDULE OF OPERATING LEASE EXPENSE

	Operating Lease			Remaining Term in Years
2025		~~561~~236,~~737~~363
2026		641,052
2027		660,284
2028		680,092
2029		700,495
2030		721,510
2031		743,155
2032		765,450
2033		788,413
2034		812,065
2035		418,214
Total lease payments		7,~~492~~167,~~467~~093
Less: Imputed interest		(2,789,938	)
Less : Imputed interest		(2,675,542	)
Present Value of Lease Liabiltiy		4,~~702~~491,~~529~~551			10.5

NOTE 6 – SUBSEQUENT EVENTS

The Company’s management has evaluated subsequent events upfrom tothe ~~July~~balance 1,sheet ~~2025,~~date through the date ~~the~~these financial statements were issued. On October 2, ~~pursuant~~2025, the Company issued 130,000 shares of restricted Common Stock to FMW Media Works LLC as compensation considered in the ~~requirements~~Consulting ofServices ~~ASC~~Agreement ~~855~~signed between the Company and ~~has~~FMW ~~the~~Media ~~following~~Works ~~events~~LLC, toon ~~report~~August 11, 2025.

On August 5, 2025, Laser Photonics Corporation (the “Company” or “Laser Photonics”) entered into an Asset Purchase Agreement (the “APA”) with Fonon Quantum Technologies, Inc. (“FQTI”), an affiliate of ICT Investments, LLC, the company that together with its affiliates has voting control of Laser Photonics, to acquire the assets of Beamer Laser Marking Systems (“Beamer”), the laser capital equipment manufacturing division of ARCH Cutting Tools, Inc, a Michigan corporation. Beamer manufactures IR fiber-laser marking systems that provide standard, engineered, and inline 1064nm IR laser marking solutions for a variety of industries used in tracking and traceability to serialization, 2D codes and decorative marking. Under the terms of the APA, Laser Photonics agreed to issue 3,000,000 restricted shares of its common stock as payment for the Beamer assets, including its intellectual property, and all contracts. Beamer had no liabilities.15

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion of our financial condition and results of operations should be read in conjunction with our unaudited financial statements and the notes to those financial statements appearing elsewhere in this Report.

Certain statements in this Report constitute forward-looking statements. These forward-looking statements include statements which involve risks and uncertainties, regarding, among other things, (a) our projected sales, profitability, and cash flows, (b) our growth strategy, (c) anticipated trends in our industry, (d) our future financing plans, and (e) our anticipated needs for, and use of, working capital. They are generally identifiable by use of the words “may,” “will,” “should,” “anticipate,” “estimate,” “plan,” “potential,” “project,” “continuing,” “ongoing,” “expects,” “management believes,” “we believe,” “we intend,” or the negative of these words or other variations on these words or comparable terminology. Considering these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this filing will in fact occur. You should not place undue reliance on these forward-looking statements.

The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events.

The “Company,” “we,” “us,” or “our,” are references to the business of Laser Photonics Corporation, a Wyoming corporation.

Overview

We are a vertically integrated manufacturing Company for photonics based industrial products and solutions, primarily disruptive laser cleaning technologies and applications for the pharmaceutical industry. Our vertically integrated operations allow us to reduce development and advanced laser equipment manufacturing time, offer better prices, control quality and protect our proprietary knowhow and technology compared to other laser cleaning companies and companies with competing technologies.

In Q3 2025, we expanded our product portfolio through the acquisition of Beamer Laser Marking Systems, formerly the laser capital equipment division of ARCH Cutting Tools. Beamer’s IR fiber and CO₂ laser marking systems significantly expand our product offering into high-value industrial marking applications such as serialization, UID marking, medical devices, aerospace traceability, automotive components, and firearms compliance. The Beamer acquisition also provides an established customer base and IP portfolio and is expected to enhance our revenue mix beginning in Q4 2025 and into 2026.

Our principal executive offices are located at 1101 N Keller Rd, Orlando FL, 32810, and our telephone number is (407) 804 1000. Our website address is www.laserphotonics.com. The Company’s annual reports, quarterly reports, current reports on Form 8-K and amendments to such reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”), and other information related to the Company, are available, free of charge, on that website as soon as we electronically file those documents with, or otherwise furnish them to, the SEC. The Company’s website and the information contained therein, or connected thereto, are not and are no intended to be incorporated into this Quarterly Report on Form 10-Q.

We intend to continue to stay ahead of the technology curve by researching and developing cutting edge products and technologies for both large and small businesses. We view the small companies as an attractive market opportunity since they were previously unable to take advantage of laser processing equipment due to high prices, significant operating costs and the technical complexities of laser equipment. As a result, we are developing an array of laser cleaning equipment that we have named the CleanTech™ product line, which we believe represents a new generation of high-power laser cleaning systems applicable to numerous material processing operations.

Factors and Trends That Affect Our Operations and Financial Results

In reading our financial statements, you should be aware of the following factors and trends that our management believes are important in understanding our financial performance.

Beamer integration and expected synergies. With the Beamer acquisition, the Company expects near-term integration costs related to engineering alignment, supply chain consolidation, and facility relocation. Management anticipates long-term synergies through shared manufacturing resources, cross-selling opportunities, and expanded participation in regulated industries requiring permanent laser marking solutions.

Supply Chain. We are experiencing increased lead times for certain parts and components purchased from third party suppliers; particularly electronic components. We, our customers and our suppliers, continue to face constraints related to supply chain and logistics, including availability of capacity, materials, air cargo space, sea containers and higher freight rates and import duties. Supply chain and logistics constraints are expected to continue for the foreseeable future and could impact on our ability to supply products and our customers’ demand for our product or readiness to accept deliveries. Notwithstanding these effects, we believe we can meet the near-term demand for our products, but the situation is fluid and subject to change.

Net sales. Our net sales have historically fluctuated from quarter to quarter. The increase or decrease in sales from a prior quarter can be affected by the timing of orders received from customers, the shipment, installation and acceptance of products at our customers’ facilities. Net sales can be affected by the time taken to qualify our products for use in new applications in the end markets that we serve. Our sales cycle varies substantially, ranging from a period of a few weeks to as long as one year or more, but is typically several months. The adoption of our products by a new customer or qualification in a new application can lead to an increase in net sales for a period which may then slow until we penetrate new markets or obtain new customers.

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Our business depends substantially upon capital expenditures by end users, particularly by manufacturers using our products for materials processing, which includes general manufacturing, automotive including electric vehicles (EV), other transportation, aerospace, heavy industry, consumer, semiconductor, pharmaceutical, and electronics. Although applications within materials processing are broad, the capital equipment market in general is cyclical and historically has experienced sudden and severe downturns. For the foreseeable future, our operations will continue to depend upon capital expenditures by end users of materials processing equipment and will be subject to the broader fluctuations of capital equipment spending.

Gross margin. Our total gross margin in any period can be significantly affected by several factors, including net sales, production volumes, competitive factors, product mix, and by other factors such as changes in foreign exchange rates relative to the U.S. Dollar. Many of these factors are not under our control. The following are examples of factors affecting gross margin:

● As our products mature, we can experience additional competition which tends to decrease average selling prices and affects gross margin.

● Our gross margin can be significantly affected by product mix. Within each of our product categories, the gross margin is generally higher for devices with greater average power. These higher power products often have better performance, more difficult specifications to attain and fewer competing products in the marketplace.

Selling and Marketing expenses. In the first quarter of 2025, we invested in Selling and Marketing costs to support continued growth in the Company. As the secular shift to laser blasting technology matures, our sales growth becomes more susceptible to the cyclical trends typical of capital equipment manufacturers. Accordingly, our future management of and investments in selling and marketing expenses will also be influenced by these trends, although we may still invest in selling and marketing functions to support sales sustainability even in economic down cycles.

Research and development expenses. We plan to continue to invest in research and development to improve our existing laser blasting technology and equipment and develop new products, systems and applications. We believe that these investments will sustain our position as a leader in the laser industry and will support the development of new products that can address new markets and growth opportunities. The amount of research and development expenses we incur may vary from period to period.

Results of Operations

The Company had revenue of $25,~~598~~808,~~975~~541 in the ~~three~~nine months ended ~~June~~September 30, 2025, as compared to revenue of $~~623~~2,~~435~~083,123 in the ~~three~~nine months ~~ended~~ ~~June~~ended September 30, 2024, which represents an increase of ~~317~~179% in the revenue.

Gross profit for the ~~three~~nine months ended inon ~~June~~September 30, 2025, was $12,~~390~~344,~~104~~876 for a Gross margin of ~~53.5~~40%, compared to $~~315~~1,~~354~~310,642 for a Gross ~~Margin~~ Margin of 5062.692% in the ~~three~~nine months ending ~~June~~September 30, 2024.

The Company had revenue of $919,284 in the three months ended September 30, 2025, as compared to revenue of $716,697 in the three months ended September 30, 2024, which represents an increase of 28% in the revenue.

Gross deficit for the three months ended on September 30, 2025, was ($184,994) for a Gross deficit of (20%), compared to $609,420 for a Gross Margin of 85% in the three months ending September 30, 2024.

Selling, general, and administrative (“SG&A”) expenses consist primarily of salaries and other personnel-related costs; professional fees; insurance costs; SEC filing, compliance, and other public Company costs; travel expenses; and other sales and marketing expenses; and excludes depreciation & amortization expenses. In the near term, we expect SG&A expenses to increase as we expand our sales and marketing efforts to support the planned growth of our business. In the long run, we expect SG&A expenses as a percent of sales to decline as our business grows.

For the three months ending ~~June~~September 30, 2025, we recorded total expenses of $23,~~352~~032,~~792~~321 as compared to the three months ending in ~~June~~ September 30,2024 of $12,~~246~~315,~~887~~317. SG&A expenses for the three months ending ~~June~~September 30, 2025, are $~~697~~1,~~265~~803,240 as compared to the three months ending in ~~June~~ September 30,2024 of $~~435~~1,~~776~~607,791. The significant increase in SG&A is primarily driven by comparative ramp up of costs in 2025 to establish our strategic plan to increase market reach and sales force as part of our Sales & Marketing Development and Investment plan as noted in our previous 10-Q’s in accordance with “Use of Proceeds” as stated in our most recent Form S-1 Registration Statement, coupled with higher personnel costs resulting from additional headcount, professional service fees, SEC compliance costs, bad debt expenses, etc.

16For the nine months ending September 30, 2025, we recorded total expenses of $8,097,404 as compared to the nine months ending in September 30,2024 of $4,496,541. SG&A expenses for the nine months ending September 30, 2025, are $4,274,873 as compared to the nine months ending in September 30,2024 of $2,802,725. The significant increase in SG&A is primarily driven by comparative ramp up of costs in 2025 to establish our strategic plan to increase market reach and sales force as part of our Sales & Marketing Development and Investment plan as noted in our previous 10-Q’s in accordance with “Use of Proceeds” as stated in our most recent Form S-1 Registration Statement, coupled with higher personnel costs resulting from additional headcount, professional service fees, SEC compliance costs, bad debt expenses, etc.

Our net loss, for the three months ending September 30, 2025, was $ 4,655,608, as compared to net loss of $1,625,268 in the same period of 2024.

Our net loss, for the nine months ending September 30, 2025, was $ 8,110,233, as compared to net loss of $3,105,233 in the same period of 2024.

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Liquidity and Capital Resources

The following is a summary of the Company’s cash flows provided and (and used in) operating, investing, and financing activities for the quarter’s ended on ~~June~~September 30, 2025, and ~~June~~September 30, 2024.

	Six Months Ended June 30
	Nine Months Ended September 30
	2025			2024
Net cash provided by Operating Activities	$	(21,~~192~~429,~~704~~652	)	$	(32,~~253~~621,~~756~~062	)
Net cash provided by Investing Activities		(22,560	)		(~~199~~288,~~748~~628	)
Net cash provided by Financing Activities		14,~~759~~542,~~915~~870			0(1,169,687	)
Net cash increase for period		~~(455~~3,~~349~~090,658	)		(34,~~453~~079,~~504~~377	)
Cash at the beginning of period		533,871			6,201,137
Cash at end of period	$	783,~~522~~624,529		$	2,~~747~~121,~~633~~760

As of ~~June~~September 30, 2025, the Company had 783,~~522~~ 624,529 in cash, $3,~~267~~182,~~380~~930 in current assets (without cash and cash equivalents) and $69,~~341~~113,~~823~~872 in current liabilities.

As a result, on ~~June~~ September 30, 2025, the Company had a deficit of $2,~~995~~346,~~921~~825 in total working capital, compared to $53,~~084~~879,~~680~~770 of total working capital on ~~June~~ September 30, 2024.

The acquisition of Beamer did not require cash consideration, as the Company issued 3,000,000 restricted shares as payment for the assets. While no immediate cash impact occurred, management expects incremental working-capital demands associated with onboarding Beamer’s production and service workflows. Integration-related operating cash outflows may occur during Q4 2025 and into 2026.

We will have to meet all the financial disclosure and reporting requirements associated with being a public reporting, Company. Our management will have to spend additional time on policies and procedures to make sure it is compliant with various regulatory requirements, especially that of Section 404 of the Sarbanes-Oxley Act of 2002. This additional corporate governance required by management could limit the amount of time our management has to implement our business plan and may delay our anticipated growth plans.

We are a small reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

Revenues

For ~~the~~ the three months ending ~~June~~September 30, 2025, we recognized revenue of $2919,~~598~~284,~~026,~~ as compared to $~~632~~669,~~435~~182 in revenue for the same period in 2024, an increase of ~~317~~6.63%.

Three Months Ended June 30,

Six Months Ended June 30,

Three Months Ended September 30,

Nine Months Ended September 30,

2025 (Unaudited)

2024 (Unaudited)

2025 (Unaudited)

2024 (Unaudited)

Revenue

2919,~~598,975~~284

~~623~~669,~~435~~182

45,~~889~~808,~~257~~541

12,~~366~~083,~~426~~123

~~Our~~For ~~net loss, for~~ the three months ending ~~June~~September 30, 2025, our net loss was $ 14,~~773~~655,~~902,~~608 as compared to ~~net~~a loss of $~~934~~1,~~256~~625,268 in the same period of 2024.

Our net loss, for the six months ending June 30, 2025, was $ 3,454,625, as compared to net loss of $1,479,965 in the same period of 2024.

We are entering into laser equipment sales agreements with customers for specific equipment based upon purchase orders and our standard terms and conditions of sale.

Under our customer contracts or/and purchase orders, we transfer title and risk of loss to the customer and recognize revenue upon shipment. Our customers do not have extended payment terms or rights of return under these contracts.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Summary Financial Information – Non-GAAP EBITDA

Three Months Ending June 30,

Six Months Ending June 30,

Three Months Ended September 30,

Nine Months Ended September 30,

2025 (Unaudited)

2024 (Unaudited)

2025 (Unaudited)

2024 (Unaudited)

Other financial data:

Other financial data (unaudited):

EBITDA(1)

(~~621~~2,~~331~~918,263

)

(~~675~~1,~~733~~235,616

)

(14,~~939~~885,~~126~~948

)

(12,~~036~~271,~~126~~742

)

Adjusted EBITDA(2)

(~~621~~2,~~331~~918,263

)

(~~675~~1,~~733~~235,616

)

(14,~~939~~885,~~126~~948

)

(12,~~036~~271,~~126~~742

)

In addition to providing financial measurements based on generally accepted accounting principles in the United States (“GAAP”), we provide the following additional financial metrics that are not prepared in accordance with GAAP (non-GAAP): EBITDA and adjusted EBITDA. Management uses these non-GAAP financial measures, in addition to GAAP financial measures, to understand and compare operating results across accounting periods, for financial and operational decision making, for planning and forecasting purposes and to evaluate our financial performance. We believe that these non-GAAP financial measures help us to identify underlying trends in our business that could otherwise be masked by the effect of certain expenses that we exclude in the calculations of the non-GAAP financial measures.

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Accordingly, we believe that these non-GAAP financial measures reflect our ongoing business in a manner that allows for meaningful comparisons and analysis of trends in the business and provides useful information to investors and others in understanding and evaluating our operating results, enhancing the overall understanding of our past performance and future prospects.

These non-GAAP financial measures do not replace the presentation of our GAAP financial results and should only be used as a supplement to, not as a substitute for, our financial results presented in accordance with GAAP. There are limitations in the use of non-GAAP measures, because they do not include all the expenses that must be included under GAAP and because they involve the exercise of judgment concerning exclusions of items from the comparable non-GAAP financial measure. In addition, other companies may use other non-GAAP measures to evaluate their performance, or may calculate non-GAAP measures differently, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison.

(1)	EBITDA is a non-GAAP financial measure used by management, lenders, and certain investors as a supplemental measure in the evaluation of some aspects of a corporation’s financial position and core operating performance. Investors sometimes use EBITDA, as it allows for some level of comparability of profitability trends between those businesses differing as to capital structure and capital intensity by removing the impacts of depreciation and amortization. EBITDA also does not include changes in major working capital items, such as receivables, inventory and payables, which can also indicate a significant need for, or source of, cash. Since decisions regarding capital investment and financing and changes in working capital components can have a significant impact on cash flow, EBITDA is not necessarily a good indicator of a business’s cash flows. We use EBITDA for evaluating the relative underlying performance of our core operations and for planning purposes. We calculate EBITDA by adjusting net income to exclude net interest expense, income tax expense or benefit, depreciation and amortization, thus the term “Earnings Before Interest, Taxes, Depreciation and Amortization” and the acronym “EBITDA.”

(2)	Adjusted EBITDA is defined as net income (loss) as reported in our consolidated statements of income excluding the impact of (i) interest expense; (ii) income tax provision; (iii) depreciation and amortization; (iv) stock-based compensation expense; (v) accretion of debt discounts; (vi) other income - forgiveness of Paycheck Protection Program loan; (vii) other financing costs; (viii) loss on extinguishment of debt; (ix) warrant inducement expense; (x) amortization of right-of-use assets; and (xi) change in fair value of derivative liabilities. Our Adjusted EBITDA measure eliminates potential differences in performance caused by variations in capital structures (affecting finance costs), tax positions, the cost and age of tangible assets (affecting relative depreciation expense) and the extent to which intangible assets are identifiable (affecting relative amortization expense). We also exclude certain one-time and non-cash costs. Our definition of Adjusted EBITDA may differ from similarly titled measures used by other companies, and any such differences could be material.

We believe EBITDA and Adjusted EBITDA are helpful for investors to better understand our underlying business operations. The following table adjusts Net Income to EBITDA and Adjusted EBITDA for the three months ending ~~June~~September 30, 2025, and 2024.

	Three Months Ending June 30,						Six Months Ending June 30,
	Three Months Ended September 30,						Nine Months Ended September 30,
	2025 (Unaudited)			2024 (Unaudited)			2025 (Unaudited)			2024 (Unaudited)
Reconciliation of EBITDA:
Net Income (Loss)	$	(1,773,902	)	$	(934,256	)	$	(3,454,625	)	$	(1,479,965	)
Net Loss	$	(4,655,608	)		(1,625,268	)	$	(8,110,233	)	$	(3,105,233	)
Add (deduct):
Interest expense		~~813~~1,~~401~~445,390			-			~~912~~2,~~401~~357,790			-
Taxes		47-			12151,~~629~~035			~~26,964~~-			12163,~~629~~664
Other		-			-			-(1,594	)		-
Depreciation & Amortization		~~339~~291,~~123~~955			~~245~~238,~~894~~617			~~576~~868,~~134~~089			~~431~~669,~~210~~827
EBITDA(1)		(621,331	)		(675,733	)		(1,939,126	)		(1,036,126	)
EBITDA		(2,918,263	)		(1,235,616	)		(4,885,948	)		(2,271,742	)
Other adjustments		-			-			-			-
Adjusted EBITDA(2)	$	(621,331	)	$	(675,733	)	$	(1,939,126	)	$	(1,036,126	)
Adjusted EBITDA	$	(2,918,263	)		(1,235,616	)	$	(4,885,948	)	$	(2,271,742	)

Off-Balance Sheet Arrangements

As of ~~June~~September 30, 2025, we did not have any off-balance sheet arrangements.

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Pursuant to Item 305(e) of Regulation S-K (§ 229.305(e)), the Company is not required to provide the information required by this Item as it is a “smaller reporting Company,” as defined by Rule 229.10(f)(1).

We have not utilized any derivative financial instruments such as futures contracts, options and swaps, forward foreign exchange contracts or interest rate swaps and futures. We believe that adequate controls are in place to monitor any hedging activities. We do not have any borrowings and, consequently, we are not affected by changes in market interest rates. We do not currently have any sales or own assets and operate facilities in countries outside the United States and, consequently, we are not affected by foreign currency fluctuations or exchange rate changes. Overall, we believe that our exposure to interest rate risk and foreign currency exchange rate changes is not material to our financial condition or results of operations.

ITEM 4. CONTROLS AND PROCEDURES

Disclosures Control and Procedures

Under the supervision of our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), our management has evaluated the effectiveness of the design and operation of our “disclosure controls and procedures” (as defined in Rules 13a-15(e) and 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of the end of the period covered by this Quarterly Report on Form 10-Q (the “Evaluation Date”). Based upon that evaluation, our CEO and CFO have concluded that, as of the Evaluation Date, our disclosure controls and procedures are not effective. Management is implementing controls and procedures during ~~2025~~2024 to bring to effective.

Changes in Internal Controls over Financial Reporting

There was no material change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) promulgated under the Exchange Act) that occurred during the last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

We are not involved in any legal proceedings, including routine litigation arising in the normal course of business that we believe will have a material adverse effect on our business, financial condition or results of operations.

ITEM 1A. RISK FACTORS

Not applicable to a smaller reporting Company.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

There were no sales of unregistered securities during the reported period.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

31.1		Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer

31.2		Rule 13(a)-14(a)/15(d)-14(a) Certification of principal financial and accounting officer

32.1		Section 1350 Certification of principal executive officer

32.2		Section 1350 Certification of principal financial and accounting officer

101*		Inline XBRL data files of Financial Statements and Notes contained in this Quarterly Report on Form 10-Q.

* In accordance with Regulation S-T, the Interactive Data Files in Exhibit 101 to the Quarterly Report on Form 10-Q shall be deemed “furnished” and not “filed.”

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Laser Photonics Corporation
Date: August 15, 2025	By:	/s/ Wayne Tupuola
Date: December 22, 2025	By:	/s/ Wayne Tupuola
		President and Chief Executive Officer (Principal Executive Officer)

Date: August 15, 2025	By	/s/ Carlos Sardinas
Date: December 22, 2025	By	/s/ Carlos Sardinas
		Chief Financial Officer
		(Principal Financial and Accounting Officer)

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