$LASE

Laser Photonics Corp

CIK:0001807887|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 1,806,305	$ 2,598,975	$ 2,721,858	$ 4,889,257
Cost of sales	1,653,832	1,496,304	2,957,836	2,886,096
Gross (Loss) Profit	152,473	1,102,671	(235,978)	2,003,161
Operating expenses:
Sales and marketing	817,609	338,025	1,439,063	1,012,606
General and administrative	1,504,154	1,542,841	3,142,987	3,177,805
Research and development costs	219,006	184,494	346,087	347,963
Total Operating Expenses	2,540,769	2,065,359	4,928,137	4,538,374
Operating Loss	(2,388,296)	(962,688)	(5,164,115)	(2,535,213)
Other income (expenses):
Interest expenses, net	(434,789)	(811,214)	(819,640)	(919,412)
Change in fair value of derivative liability	(98,193)		116,193
Registration payment arrangement expense	(357,160)		(357,160)
Total other expense	(890,142)	(811,214)	(1,060,607)	(919,412)
Net Loss	$ (3,278,437)	$ (1,773,902)	$ (6,224,721)	$ (3,454,625)
Loss per share, basic	$ (0.08)	$ (0.12)	$ (0.19)	$ (0.24)
Loss per share, diluted	$ (0.08)	$ (0.12)	$ (0.19)	$ (0.24)
Weighted average of shares oustanding, basic	39,341,651	14,276,150	33,398,188	14,273,878
Weighted average of shares oustanding, diluted	39,341,651	14,276,150	33,398,188	14,273,878

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
OPERATING ACTIVITIES
Net Loss	$ (3,278,437)	$ (1,773,902)	$ (6,224,721)	$ (3,454,625)
Adjustments to Reconcile Net Loss to Net Cash Flow from Operating Activities:
Change in allowance for credit losses			2,240	7,655
Shares issued for directors’ compensation			59,460
Shares issued for services			75,000
Distribution to affiliate				(2,420,701)
Depreciation and amortization			236,705	576,134
Debt discount amortization			77,344	71,008
Financing costs as additional note principal on default			105,411
Change in fair value of derivative liability	98,193		(116,193)
Right-of-use assets			343,618	40,118
Change in operating assets and liabilities:
Accounts receivable			37,499	88,429
Contract assets			173,653	102,555
Inventories			107,960	847,289
Prepaids and other current assets			(551,743)	(197,553)
Deferred financing costs			125,000
Lease liability			(334,987)
Accounts payable			123,056	1,051,545
Contract liabilities			1,462,276	535,327
Accrued expenses			74,495	295,625
Deferred revenue			(511,729)	264,490
Net cash used in operating activities			(4,735,656)	(2,192,704)
INVESTING ACTIVITIES
Purchase of property, plant, and equipment			(97,974)	(22,560)
Net cash used in investing activities			(97,974)	(22,560)
FINANCING ACTIVITIES
Proceeds from issuance of common stock and warrants, net of offering costs			4,121,272
Proceeds from warrant exercises			1,250,728
Proceeds from warrant inducement exercise, net of offering costs			4,843,294
Proceeds of notes payable- related party				620,000
Proceeds from notes payable, net			1,591,750	2,550,000
Net cash provided by financing activities			6,339,922	1,759,915
Increase (decrease) in cash			1,506,292	(455,349)
Cash - Beginning of Period			650,339	533,871	$ 533,871
Cash - End of Period	$ 2,156,631	$ 78,522	2,156,631	78,522	$ 650,339
NON-CASH INVESTING AND FINANCING ACTIVITIES
Shares issued for investment				100,000
Inventory transferred to property, plant, and equipment				14,833
Common stock issued on cashless (net-share) warrant exercises			200,933
SUPPLEMENTARY CASH FLOW INFORMATION
Income taxes
Interest			1,052,692
Nonrelated Party [Member]
FINANCING ACTIVITIES
Repayment of notes payable			(4,716,122)	(1,410,085)
Related Party [Member]
FINANCING ACTIVITIES
Repayment of notes payable			$ (751,000)

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash	$ 2,156,631	$ 650,339
Accounts receivable, net of allowance for expected credit losses of $2,240 and $0, respectively	508,109	547,848
Contract assets	84,384	258,037
Inventories, net of reserves of $562,170 and $503,835, respectively	1,179,167	1,287,127
Deferred financing costs		125,000
Prepaid and other current assets	672,568	120,825
Total Current Assets	4,600,859	2,989,176
Property, plant, and equipment, net	1,035,591	1,125,194
Intangible assets, net	874,073	922,701
Operating lease right-of-use asset	3,766,913	4,110,531
Other long-term assets	302,000	302,000
Total Assets	10,579,436	9,449,602
Current Liabilities:
Accrued expenses	993,323	918,328
Deferred revenue	645,399	1,157,128
Contract liabilities	2,667,283	1,205,007
Lease liability, current	249,122	214,044
Derivative liability	222,709	338,902
Total Current Liabilities	7,708,679	10,333,813
Lease liability – non-current	3,782,310	4,152,375
Total Liabilities	11,490,989	14,486,188
Commitments and Contingencies
Stockholders’ Deficit
Preferred shares par value $0.001: 10,000,000 shares authorized, no shares were issued and outstanding at June 30, 2026, and December 31, 2025, respectively
Common shares par Value $0.001: 100,000,000 shares authorized; 47,641,766 and 22,852,753 issued, and 47,634,388 and 22,845,345 outstanding, at June 30, 2026, and December 31, 2025, respectively	47,649	22,853
Additional paid-in capital	30,485,881	20,160,923
Accumulated deficit	(31,435,080)	(25,210,359)
Treasury shares (7,378 and 7,378 shares, respectively)	(10,003)	(10,003)
Total Stockholders’ Deficit	(911,553)	(5,036,586)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	10,579,436	9,449,602
Nonrelated Party [Member]
Current Liabilities:
Accounts payable	1,766,700	1,595,333
Notes payable	862,993	3,804,610
Related Party [Member]
Current Liabilities:
Accounts payable	301,150	349,461
Notes payable		$ 751,000