Laser Photonics Corp
For the period ended Dec 31, 2023. Filed Apr 19, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 19, 2024
LASE$0.58-4.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of December 31 2023 and 2022
LASER PHOTONICS CORPORATION. FINANCIAL STATEMENTS.**** **
Balance Sheets as of December 31, 2023, and 2022
| Year Ended December 31, | ||||
|---|---|---|---|---|
| 2023 · 2022 | ||||
| Assets | ||||
| Current Assets: | ||||
| Cash and Cash Equivalents | $6,201,137 | $12,181,799 | ||
| Accounts Receivable, Net | 816,364 | 421,362 | ||
| Inventory | 2,277,816 | 1,046,020 | ||
| Other Assets | $39,190 | $72,527 | ||
| Total Current Assets | $9,334,507 | $13,721,708 | ||
| Property, Plant, & Equipment, Net | $952,811 | $1,090,556 | ||
| Intangible Assets, Net | 4,279,986 | 2,939,041 | ||
| Operating Lease Right-of-Use Asset | $597,143 | $832,072 | ||
| Total Assets | $15,164,447 | $18,583,377 | ||
| Liabilities & Stockholders Equity | ||||
| Current Liabilities: | ||||
| Accounts Payable | $223,040 | $190,387 | ||
| Deferred Revenue | 701,234 | - | ||
| Current Portion of Operating Lease | 434,152 | 344,510 | ||
| Accrued Expenses | $161,538 | $429,429 | ||
| Total Current Liabilities | $1,519,964 | $964,326 | ||
| Long Term Liabilities: | ||||
| Lease liability - less current | $162,991 | $487,562 | ||
| Total Long Term Liabilities | $162,991 | $487,562 | ||
| Total Liabilities | $1,682,955 | $1,451,888 | ||
| 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 December 31, 2022, and 2023 | $ | - | $ | - |
| Common Stock Par Value $0.001: 100,000,000 shares authorized; 9,253,419 and 7,878,419 issued and outstanding as of December 31, 2023 and 2022. | 92,533 | $78,783 | ||
| Additional Paid in Capital | 19,097,445 | 18,140,520 | ||
| Shares to be issued | - | 829,500 | ||
| Retained Earnings (Deficit) | (5,683,246) | (1,917,315) | ||
| Treasury Stock | $(25,240) | $ | - | |
| Total Stockholders Equity | $13,481,492 | $17,131,488 | ||
| Total Liabilities & Stockholders Equity | $15,164,447 | $18,583,376 | ||
LASER PHOTONICS CORPORATION. FINANCIAL STATEMENTS.** **
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.