Laser Photonics Corp 2026年季度报告

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:March 31, 2026 or ☐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:001-41515 Laser Photonics Corporation(Exact name of registrant as specified in its charter) Lake Mary, FL32746(Address of Principal Executive Offices)Zip Code (407) 804 1000Registrant’s Telephone Number, Including Area Code Not ApplicableFormer Name, Former Address and Former Fiscal Year, if Changed Since Last Report SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: COMMON STOCK, $0.001 PAR VALUE Name of each exchange on which registeredThe Nasdaq Stock Market LLC LASE Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange 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 submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant 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 smallerreporting Company, or an emerging growth Company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting Company,” and “emerging growth Company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated Filer ☐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 forcomplying 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 May 14, 2026, the registrant had 38,319,788 shares of common stock, par value $0.001 per share, outstanding. TABLE OF CONTENTS Page No.PART I – FINANCIAL INFORMATIONItem 1.Financial Statements3Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations19Item 3.Quantitative and Qualitative Disclosures About Market Risk23Item 4.Controls and Procedures23PART II – OTHER INFORMATIONItem 1.Legal Proceedings25Item 2.Unregistered Sales of Equity Securities and Use of Proceeds25Item 3.Defaults Upon Senior Securities25Item 4.Mine Safety Disclosures25Item 5.Other Information25Item 6.Exhibits25Signatures26Certifications2 PART I – FINANCIAL INFORMATION LASER PHOTONICS CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS LASER PHOTONICS CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) NOTE 1 – ORGANIZATION Laser Photonics Corporation (the “Company”) was formed under the laws of Wyoming on November 8, 2019, and changed itsdomicile to Delaware on March 5, 2020. The Company, located in central Florida, is a vertically integrated manufacturing companyfor photonics-based industrial products and solutions, primarily disruptive laser cleaning technologies. In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2024-03,Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation ofIncome Statement Expenseswhich includes amendments that require disclosure in the notes to financial statements of specifiedinformationabout certain costs and expenses,including purchases of inventory;employee compensation;and depreciation,amortization and depletion expenses for each caption on the income statement where such expenses are included. The amendments areeffective for the Company’s annual periods beginning January 1, 2027, with early adoption permitted, and should be applied eitherprospectively or retrospectively. The Company is evaluating this ASU to determine its impact on the Company’s disclosures. Other recent accounting pronouncements issued by the FASB, its Emerging Issues Task Force, the American Institute of CertifiedPublic Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a materialimpact on the Company’s present or future financial statements. Going Concern The accompanying condensed consolidated financial statements have been prepared under the assumption that the Company willcontinue as a going concern. In accordance with FASB Accounting Standards Codification (“ASC”) 205-