Laser Photonics Corp. Files Q2 2024 10-Q
Ticker: LASE · Form: 10-Q · Filed: Aug 29, 2024 · CIK: 1807887
| Field | Detail |
|---|---|
| Company | Laser Photonics CORP (LASE) |
| Form Type | 10-Q |
| Filed Date | Aug 29, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
Related Tickers: LASE
TL;DR
LASE 10-Q filed: Q2 & H1 2024 results out. Check financials.
AI Summary
Laser Photonics Corp. filed its 10-Q for the period ending June 30, 2024. The company reported financial results for the second quarter and the first half of the year. Specific financial figures and operational details are provided within the filing.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Laser Photonics Corp., crucial for assessing the company's current health and future prospects.
Risk Assessment
Risk Level: medium — As a publicly traded company filing a 10-Q, there are inherent risks associated with financial performance and market conditions.
Key Numbers
- Q2 2024 — Reporting Period (Second quarter financial results)
- H1 2024 — Reporting Period (First half financial results)
Key Players & Entities
- Laser Photonics Corp. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240829 (date) — Filing date
- Orlando, FL (location) — Company headquarters
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing covers the period ending June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 29, 2024.
What is the company's primary business address?
The company's business address is 1101 North Keller Road, Suite G-2, Orlando, FL 32810.
What is the company's fiscal year end?
Laser Photonics Corp.'s fiscal year ends on December 31.
What is the SEC file number for Laser Photonics Corp.?
The SEC file number for Laser Photonics Corp. is 001-41515.
Filing Stats: 4,531 words · 18 min read · ~15 pages · Grade level 16.9 · Accepted 2024-08-28 19:39:57
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-q.htm (10-Q) — 716KB
- ex31-1.htm (EX-31.1) — 17KB
- ex31-2.htm (EX-31.2) — 17KB
- ex32-1.htm (EX-32.1) — 5KB
- ex32-2.htm (EX-32.2) — 5KB
- 0001493152-24-034236.txt ( ) — 4147KB
- lase-20240630.xsd (EX-101.SCH) — 24KB
- lase-20240630_cal.xml (EX-101.CAL) — 42KB
- lase-20240630_def.xml (EX-101.DEF) — 91KB
- lase-20240630_lab.xml (EX-101.LAB) — 222KB
- lase-20240630_pre.xml (EX-101.PRE) — 184KB
- form10-q_htm.xml (XML) — 706KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements 3 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 20 Item 4.
Controls and Procedures
Controls and Procedures 22
– OTHER INFORMATION
PART II – OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 23 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23 Item 3. Defaults Upon Senior Securities 23 Item 4. Mine Safety Disclosures 23 Item 5. Other Information 23 Item 6. Exhibits 23
Signatures
Signatures 24 Certifications 2 Table of Contents PART I – FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS LASER PHOTONICS CORPORATION CONDENSED BALANCE SHEETS (UNAUDITED) As of June 30, 2024 As of December 31, 2023 Assets Current Assets: Cash and Cash Equivalents $ 2,747,633 $ 6,201,137 Accounts Receivable, Net 446,016 816,364 Inventory 2,105,421 2,237,455 Other Assets 405,638 39,190 Total Current Assets 5,704,708 9,294,146 Property, Plant, & Equipment, Net 923,674 952,811 Intangible Assets, Net 4,077,662 4,279,987 Operating Lease Right-of-Use Asset 374,559 597,143 Total Assets $ 11,080,603 $ 15,124,087 Liabilities & Stockholders' Equity Current Liabilities: Accounts Payable $ 198,236 $ 223,040 Deferred Revenue 116,564 213,114 Current Portion of Operating Lease 197,614 434,152 Accrued Expenses 107,614 161,538 Total Current Liabilities 620,028 1,031,844 Long Term Liabilities: Lease liability - less current 176,945 162,991 Total Long Term Liabilities 176,945 162,991 Total Liabilities 796,973 1,194,835 Commitments and Contingencies (Note 3) - - Stockholders' Equity: Preferred stock Par value $ 0.001 : 10,000,000 shares authorized. 0 Issued: shares were outstanding as of June 30, 2024 and December 31, 2023 - - Common Stock Par Value $ 0.001 : 100,000,000 shares authorized; 12,270,427 and 9,253,419 issued, 12,245,490 and 9,228,482 outstanding as of June 30 , 2024, and December 31, 2023 12,270 9,253 Additional Paid in Capital 19,211,044 19,180,725 Retained Earnings (Deficit) ( 8,914,444 ) ( 5,235,486 ) Treasury Stock ( 25,240 ) ( 25,240 ) Total Stockholders' Equity 10,283,630 13,929,252 Total Liabilities & Stockholders' Equity $ 11,080,603 $ 15,124,087 * The reclassification from par to Additional Paid in Capital was done in Q2, 2024 See accompanying notes to financial statements. 3 Table of Contents LASER PHOTONICS CORPORATION