Laser Photonics Corp. Files Q3 2024 10-Q
Ticker: LASE · Form: 10-Q · Filed: Nov 18, 2024 · CIK: 1807887
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
Laser Photonics Q3 2024 10-Q is in. Check financials.
AI Summary
Laser Photonics Corp. filed its 10-Q for the period ending September 30, 2024. The company, incorporated in Wyoming, operates in the miscellaneous electrical machinery sector. Key financial data and operational details for the third quarter of 2024 are presented in this filing.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Laser Photonics Corp., crucial for understanding the company's current standing and future prospects.
Risk Assessment
Risk Level: medium — As a publicly traded company, Laser Photonics Corp. is subject to market fluctuations and regulatory requirements, making its risk level medium.
Key Numbers
- 2024-09-30 — Reporting Period End (The end date for the financial reporting period covered by this 10-Q.)
- 2024-11-18 — Filing Date (The date the 10-Q was officially filed with the SEC.)
- Q3 2024 — Quarter (Indicates the specific fiscal quarter this report pertains to.)
Key Players & Entities
- Laser Photonics Corp. (company) — Filer
- 20240930 (date) — Reporting period end date
- 20241118 (date) — Filing date
- ORLANDO (location) — Company headquarters city
- FL (location) — Company headquarters state
FAQ
What is the primary business of Laser Photonics Corp.?
Laser Photonics Corp. is involved in Miscellaneous Electrical Machinery, Equipment & Supplies, as indicated by its SIC code 3690.
When is Laser Photonics Corp.'s fiscal year end?
Laser Photonics Corp.'s fiscal year ends on December 31st.
Where is Laser Photonics Corp. headquartered?
Laser Photonics Corp. is headquartered in Orlando, Florida.
What is the SEC file number for this filing?
The SEC file number for this 10-Q filing is 001-41515.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending September 30, 2024.
Filing Stats: 4,579 words · 18 min read · ~15 pages · Grade level 17.7 · Accepted 2024-11-18 12:44:06
Key Financial Figures
- $0.001 — 12(b) OF THE ACT: NONE COMMON STOCK, $0.001 PAR VALUE Title of each class Tradi
Filing Documents
- form10-q.htm (10-Q) — 1065KB
- ex31-1.htm (EX-31.1) — 17KB
- ex31-2.htm (EX-31.2) — 17KB
- ex32-1.htm (EX-32.1) — 6KB
- ex32-2.htm (EX-32.2) — 6KB
- 0001493152-24-046462.txt ( ) — 4211KB
- lase-20240930.xsd (EX-101.SCH) — 25KB
- lase-20240930_cal.xml (EX-101.CAL) — 44KB
- lase-20240930_def.xml (EX-101.DEF) — 107KB
- lase-20240930_lab.xml (EX-101.LAB) — 231KB
- lase-20240930_pre.xml (EX-101.PRE) — 186KB
- form10-q_htm.xml (XML) — 547KB
– 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 20 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 22 Item 4.
Controls and Procedures
Controls and Procedures 24
– OTHER INFORMATION
PART II – OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 25 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 25 Item 3. Defaults Upon Senior Securities 25 Item 4. Mine Safety Disclosures 25 Item 5. Other Information 25 Item 6. Exhibits 25
Signatures
Signatures 26 Certifications 2 Table of Contents PART I – FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS LASER PHOTONICS CORPORATION CONDENSED BALANCE SHEETS (UNAUDITED) As of September 30, 2024 (Unaudited) As of December 31, 2023 (Audited) Assets Current Assets: Cash and Cash Equivalents $ 2,121,760 $ 6,201,137 Accounts Receivable, Net 725,780 816,364 Account Receivable affiliate 47,515 - Account Receivable 47,515 - Inventory 1,830,725 2,237,455 Other Assets 40,788 39,190 Total Current Assets 4,766,568 9,294,146 Property, Plant, & Equipment, Net 1,258,488 952,811 Intangible Assets, Net 4,026,820 4,279,987 Other Long Term Assets 316,378 Operating Lease Right-of-Use Asset 252,558 597,143 Total Assets $ 10,620,812 $ 15,124,087 Liabilities & Stockholders' Equity Current Liabilities: Accounts Payable $ 527,712 $ 223,040 Accounts Payable affiliate 6,227 - Accounts Payable 6,227 - Deferred Revenue 116,564 213,114 Current Portion of Operating Lease 206,212 434,152 Accrued Expenses 30,083 161,538 Total Current Liabilities 886,798 1,031,844 Long Term Liabilities: Lease liability - less current 46,346 162,991 Total Long Term Liabilities 46,346 162,991 Total Liabilities 933,144 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 September 30, 2024 and December 31, 2023 - - Common Stock Par Value $ 0.001 : 100,000,000 shares authorized; 13,832,395 and 9,253,419 issued and 13,807,460 and 9,228,482 outstanding as of September 30, 2024, and December 31, 2023 13,832 9,253 Additional Paid in Capital 18,039,795 19,180,725 Retained Earnings (Deficit) ( 8,340,719 ) ( 5,235,486 ) Treasury Stock ( 25,240 ) ( 25,240 ) Total Stockholders' Equity 9,687,668 13,929,252 Total Liabilities & Stockholders' Equit