2024 Q1 Form 10-Q Financial Statement

#000149315224020049 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023 Q1
Revenue $743.0K $494.8K $1.237M
YoY Change -39.94% -57.51% 2.06%
Cost Of Revenue $357.1K $631.1K $241.1K
YoY Change 48.11% 8.14% -19.24%
Gross Profit $385.9K -$136.3K $995.9K
YoY Change -61.26% -123.47% 9.02%
Gross Profit Margin 51.93% -27.55% 80.51%
Selling, General & Admin $492.9K $550.6K $2.144M
YoY Change -77.02% -77.16% 384.71%
% of Gross Profit 127.73% 215.33%
Research & Development $47.69K $202.3K $40.25K
YoY Change 18.48%
% of Gross Profit 12.36% 4.04%
Depreciation & Amortization $185.3K $187.1K $83.14K
YoY Change 122.9% 116.54% -7.58%
% of Gross Profit 48.03% 8.35%
Operating Expenses $934.3K $1.160M $2.228M
YoY Change -58.06% -53.53% 314.99%
Operating Profit -$548.5K -$1.297M -$1.232M
YoY Change -55.47% -32.33% -426.98%
Interest Expense $0.00 $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $2.760K $30.06K -$200.1K
YoY Change -101.38% -20140.0% 4439.25%
Pretax Income -$545.7K -$1.267M -$1.432M
YoY Change -61.89% -33.91% -480.09%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$545.7K -$1.267M -$1.432M
YoY Change -61.89% -33.43% -480.09%
Net Earnings / Revenue -73.45% -255.95% -115.74%
Basic Earnings Per Share -$0.06 -$0.18
Diluted Earnings Per Share -$0.06 -$0.14 -$0.18
COMMON SHARES
Basic Shares Outstanding 9.270M shares 8.253M shares 9.009M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q4 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.173M $6.201M $10.82M
YoY Change -52.17% -49.1% 2218.43%
Cash & Equivalents $5.173M $6.201M $10.82M
Short-Term Investments
Other Short-Term Assets $114.8K $39.19K $3.698M
YoY Change -96.9%
Inventory $2.167M $2.278M $1.951M
Prepaid Expenses
Receivables $443.3K $816.4K $1.747M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.898M $9.335M $14.51M
YoY Change -45.58% -38.68% 363.97%
LONG-TERM ASSETS
Property, Plant & Equipment $1.014M $952.8K $652.3K
YoY Change 55.39% 51.76% -2.83%
Goodwill
YoY Change
Intangibles $4.196M $4.280M
YoY Change
Long-Term Investments
YoY Change
Other Assets $183.1K
YoY Change 4051.07%
Total Long-Term Assets $5.687M $5.830M $4.459M
YoY Change 27.53% 30.38% 5.18%
TOTAL ASSETS
Total Short-Term Assets $7.898M $9.335M $14.51M
Total Long-Term Assets $5.687M $5.830M $4.459M
Total Assets $13.58M $15.16M $18.97M
YoY Change -28.4% -23.0% 157.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $306.3K $223.0K $420.6K
YoY Change -27.17% 17.15% 108.22%
Accrued Expenses $79.01K $161.5K $2.096M
YoY Change -96.23% -89.41% 1376.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $1.472M $1.520M $2.516M
YoY Change -41.49% -11.42% 195.92%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $163.0K $163.0K $397.0K
YoY Change -58.94% -66.57% -31.53%
Total Long-Term Liabilities $163.0K $163.0K $397.0K
YoY Change -58.94% -66.57% -31.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.472M $1.520M $2.516M
Total Long-Term Liabilities $163.0K $163.0K $397.0K
Total Liabilities $1.635M $1.683M $2.913M
YoY Change -43.87% -23.62% 103.71%
SHAREHOLDERS EQUITY
Retained Earnings -$6.229M -$5.683M -$728.2K
YoY Change 755.43% 680.48% -212.72%
Common Stock $92.70K $92.53K $78.78K
YoY Change 17.67% 17.45% 61.5%
Preferred Stock
YoY Change
Treasury Stock (at cost) $25.24K $25.24K
YoY Change
Treasury Stock Shares
Shareholders Equity $11.95M $13.48M $16.06M
YoY Change
Total Liabilities & Shareholders Equity $13.58M $15.16M $18.97M
YoY Change -28.4% -23.0% 157.51%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023 Q1
OPERATING ACTIVITIES
Net Income -$545.7K -$1.267M -$1.432M
YoY Change -61.89% -33.43% -480.09%
Depreciation, Depletion And Amortization $185.3K $187.1K $83.14K
YoY Change 122.9% 116.54% -7.58%
Cash From Operating Activities -$866.3K -$1.925M -$1.315M
YoY Change -34.14% 129.29% -821.93%
INVESTING ACTIVITIES
Capital Expenditures $161.8K $159.2K $50.80K
YoY Change 218.41% 314.88% -1309.52%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$161.8K -$159.2K -$50.80K
YoY Change 218.41% 314.88% 1110.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $0.00 -25.24K $0.00
YoY Change -100.2% -100.0%
NET CHANGE
Cash From Operating Activities -$866.3K -1.925M -$1.315M
Cash From Investing Activities -$161.8K -159.2K -$50.80K
Cash From Financing Activities $0.00 -25.24K $0.00
Net Change In Cash -$1.028M -2.109M -$1.366M
YoY Change -24.75% -117.65% 815.4%
FREE CASH FLOW
Cash From Operating Activities -$866.3K -$1.925M -$1.315M
Capital Expenditures $161.8K $159.2K $50.80K
Free Cash Flow -$1.028M -$2.084M -$1.366M
YoY Change -24.75% 137.41% -832.92%

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OperatingLeaseExpense
79847 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
90609 usd
CY2024Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
306301 usd
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
223040 usd
CY2024Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
772686 usd
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
701234 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-866257 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1315308 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-161754 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-50801 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1028011 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1366109 usd
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2024Q1 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
4688695 shares
CY2022Q4 us-gaap Debt Conversion Original Debt Interest Rate Of Debt
DebtConversionOriginalDebtInterestRateOfDebt
0.961 pure
CY2023Q4 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.595 pure
CY2021Q4 us-gaap Variable Lease Payment
VariableLeasePayment
15109 usd
CY2021Q4 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
25109 usd
CY2022Q4 us-gaap Variable Lease Payment
VariableLeasePayment
14805 usd
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
597143 usd
CY2020Q1 LASE Operating Lease Liability Amount
OperatingLeaseLiabilityAmount
434153 usd
CY2020Q1 LASE Operating Lease Liability Non Current Amount
OperatingLeaseLiabilityNonCurrentAmount
162990 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
434153 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
162990 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
597143 usd
CY2024Q1 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
17000 shares

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001493152-24-020049-index-headers.html Edgar Link pending
0001493152-24-020049-index.html Edgar Link pending
0001493152-24-020049.txt Edgar Link pending
0001493152-24-020049-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
lase-20240331.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
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R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
lase-20240331_def.xml Edgar Link unprocessable
lase-20240331_lab.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
lase-20240331_pre.xml Edgar Link unprocessable
lase-20240331_cal.xml Edgar Link unprocessable