Laser Photonics Files Q1 2024 10-Q Amendment
Ticker: LASE · Form: 10-Q/A · Filed: May 21, 2024 · CIK: 1807887
| Field | Detail |
|---|---|
| Company | Laser Photonics CORP (LASE) |
| Form Type | 10-Q/A |
| Filed Date | May 21, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, 10-Q, financials
Related Tickers: LASE
TL;DR
LASE filed amended Q1 2024 10-Q. Updated financials are in.
AI Summary
Laser Photonics Corp filed an amended 10-Q for the period ending March 31, 2024. The filing, dated May 21, 2024, provides updated financial information. Specific details on revenue, net income, and cash flow for the first quarter of 2024 are presented in the document.
Why It Matters
This amended filing provides updated financial disclosures for Laser Photonics Corp, crucial for investors to assess the company's performance and financial health in early 2024.
Risk Assessment
Risk Level: medium — Amended filings can sometimes indicate a need for correction or clarification of previously reported information, which may warrant closer investor scrutiny.
Key Players & Entities
- Laser Photonics Corp (company) — Filer of the 10-Q/A
- 10-Q/A (document) — Type of SEC filing
- 20240331 (date) — Period of report
- 20240521 (date) — Filing date
FAQ
What is the filing type and date for Laser Photonics Corp?
Laser Photonics Corp filed an amended 10-Q (10-Q/A) on May 21, 2024.
What period does this amended 10-Q filing cover?
The Conformed Period of Report for this filing is March 31, 2024.
What is the company's principal business address?
The company's business address is 1101 North Keller Road, Suite G-2, Orlando, FL 32810.
What is the Standard Industrial Classification (SIC) code for Laser Photonics Corp?
The SIC code is 3690, categorized under MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES.
When was Laser Photonics Corp incorporated?
The company was incorporated in Wyoming (WY).
Filing Stats: 4,556 words · 18 min read · ~15 pages · Grade level 17.5 · Accepted 2024-05-21 16:30:58
Key Financial Figures
- $0.01 — 12(b) OF THE ACT: NONE COMMON STOCK, $0.01 PAR VALUE Title of each class Tradi
Filing Documents
- form10-qa.htm (10-Q/A) — 779KB
- ex31-1.htm (EX-31.1) — 18KB
- ex31-2.htm (EX-31.2) — 16KB
- ex32-1.htm (EX-32.1) — 6KB
- ex32-2.htm (EX-32.2) — 6KB
- 0001493152-24-020897.txt ( ) — 4149KB
- lase-20240331.xsd (EX-101.SCH) — 29KB
- lase-20240331_cal.xml (EX-101.CAL) — 39KB
- lase-20240331_def.xml (EX-101.DEF) — 111KB
- lase-20240331_lab.xml (EX-101.LAB) — 236KB
- lase-20240331_pre.xml (EX-101.PRE) — 201KB
- form10-qa_htm.xml (XML) — 617KB
Signatures
Signatures 23 Certifications 2 Table of Contents PART I – FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS LASER PHOTONICS CORPORATION CONDENSED BALANCE SHEETS 2024 2023 As of March 31, 2024 As of December 31, 2023 (Unaudited) (Audited) Assets Current Assets: Cash and Cash Equivalents $ 5,173,125 $ 6,201,137 Accounts Receivable, Net 443,309 816,364 Inventory 2,167,000 2,277,816 Other Assets 114,759 39,191 Total Current Assets 7,898,193 9,334,508 Property, Plant, & Equipment, Net 1,013,638 952,811 Intangible Assets, Net 4,195,597 4,279,986 Operating Lease Right-of-Use Asset 477,363 597,143 Total Assets $ 13,584,791 $ 15,164,448 Liabilities & Stockholders' Equity Current Liabilities: Accounts Payable $ 306,302 $ 223,040 Deferred Revenue 772,686 701,234 Current Portion of Operating Lease 314,373 434,152 Accrued Expenses 79,007 161,538 Total Current Liabilities 1,472,368 1,519,964 Long Term Liabilities: Lease liability - less current 162,991 162,991 Total Long Term Liabilities 162,991 162,991 Total Liabilities 1,635,359 1,682,955 Commitments and Contingencies (Note 3) - - Stockholders' Equity: Preferred stock Par value $ 0.001 : 10,000,000 shares authorized. 0 Issued: 0 shares were outstanding as of March 31, 2024 and December 31, 2023 - - Common Stock Par Value $ 0.001 : 100,000,000 shares authorized; 9,270,427 and 9,253,419 issued and outstanding as of March 31, 2024 and December 31,2023 92,704 92,534 Additional Paid in Capital 18,110,923 19,097,445 Retained Earnings (Deficit) ( 6,228,955 ) ( 5,683,246 ) Treasury Stock ( 25,240 ) ( 25,240 ) Total Stockholders' Equity 11,949,432 13,481,493 Total Liabilities & Stockholders' Equity $ 13,584,791 $ 15,164,448 See accompanying notes to financial statements. 3 Table of Contents LASER PHOTONICS CORPORATION OF PROFIT AND LOSS (UNAUDITED) 2024 2023 March 31, 20