$LASE
Laser Photonics Corp Stock $lase

$lase Overview Financials Valuation SEC Filings Company Website

2022 Q4 Form 10-K Financial Statement

#000165495423004821 Filed on April 17, 2023

Income Statement

Concept	2022 Q4	2022	2021
Revenue	$1.165M	$4.955M	$4.191M
YoY Change	-3.09%	18.23%	94.48%
Cost Of Revenue	$583.6K	$2.088M	$1.543M
YoY Change	-16.91%	35.33%	62.42%
Gross Profit	$580.9K	$2.867M	$2.648M
YoY Change	16.36%	8.27%	119.76%
Gross Profit Margin	49.88%	57.86%	63.19%
Selling, General & Admin	$2.411M	$3.502M	$1.626M
YoY Change	6684.77%	115.34%	39.22%
% of Gross Profit	414.99%	122.14%	61.41%
Research & Development		$100.8K
YoY Change
% of Gross Profit		3.52%
Depreciation & Amortization	$86.40K	$112.2K	$160.1K
YoY Change	-16.89%	-29.93%	506.3%
% of Gross Profit	14.87%	3.91%	6.05%
Operating Expenses	$2.497M	$3.847M	$2.086M
YoY Change	1690.11%	84.39%	74.68%
Operating Profit	-$1.916M	-$979.9K	$561.7K
YoY Change	-632.69%	-274.45%	5178.75%
Interest Expense	$0.00	$24.43K	-$49.35K
YoY Change	-100.0%	-149.5%
% of Operating Profit			-8.79%
Other Income/Expense, Net	-$150.00	-$17.54K	$8.080K
YoY Change	-99.95%	-317.07%
Pretax Income	-$1.916M	-$997.5K	$584.5K
YoY Change	-4808.3%	-270.66%	5393.05%
Income Tax	-$13.83K	$0.00	$70.00
% Of Pretax Income			0.01%
Net Earnings	-$1.902M	-$997.5K	$584.4K
YoY Change	-4605.19%	-270.68%	5391.91%
Net Earnings / Revenue	-163.37%	-20.13%	13.94%
Basic Earnings Per Share		-$0.18	$0.12
Diluted Earnings Per Share	-$0.24	-$0.18	$0.07
COMMON SHARES
Basic Shares Outstanding	7.878M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2022 Q4	2022	2021
SHORT-TERM ASSETS
Cash & Short-Term Investments	$12.18M	$12.18M	$615.8K
YoY Change	1878.37%	1878.37%	88.47%
Cash & Equivalents	$12.18M	$12.18M	$615.8K
Short-Term Investments
Other Short-Term Assets	$0.00	$0.00
YoY Change
Inventory	$1.694M	$1.694M	$1.791M
Prepaid Expenses
Receivables	$1.347M	$1.347M	$84.37K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$15.22M	$15.22M	$2.491M
YoY Change	511.11%	511.11%	-23.47%
LONG-TERM ASSETS
Property, Plant & Equipment	$627.8K	$1.460M	$1.198M
YoY Change	-10.13%	21.83%	14.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$72.53K	$72.53K	$3.000K
YoY Change	2317.67%	2317.67%
Total Long-Term Assets	$4.471M	$4.471M	$4.369M
YoY Change	2.34%	2.34%	3.3%
TOTAL ASSETS
Total Short-Term Assets	$15.22M	$15.22M	$2.491M
Total Long-Term Assets	$4.471M	$4.471M	$4.369M
Total Assets	$19.69M	$19.69M	$6.860M
YoY Change	187.08%	187.08%	-8.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$190.4K	$190.4K
YoY Change	80.47%
Accrued Expenses	$1.526M	$1.526M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.716M	$1.716M	$392.4K
YoY Change	337.25%	337.25%	-61.85%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$487.6K	$487.6K	$907.0K
YoY Change	-62.48%	-46.25%	-22.44%
Total Long-Term Liabilities	$487.6K	$487.6K	$907.0K
YoY Change	-46.25%	-46.25%	-22.44%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.716M	$1.716M	$392.4K
Total Long-Term Liabilities	$487.6K	$487.6K	$907.0K
Total Liabilities	$2.203M	$2.203M	$1.299M
YoY Change	69.57%	69.57%	-40.88%
SHAREHOLDERS EQUITY
Retained Earnings	-$728.2K
YoY Change	-370.4%
Common Stock	$78.78K
YoY Change	61.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$17.49M	$17.49M	$5.561M
YoY Change
Total Liabilities & Shareholders Equity	$19.69M	$19.69M	$6.860M
YoY Change	187.08%	187.08%	-8.34%

Cashflow Statement

Concept	2022 Q4	2022	2021
OPERATING ACTIVITIES
Net Income	-$1.902M	-$997.5K	$584.4K
YoY Change	-4605.19%	-270.68%	5391.91%
Depreciation, Depletion And Amortization	$86.40K	$112.2K	$160.1K
YoY Change	-16.89%	-29.93%	506.3%
Cash From Operating Activities	-$839.5K	-$737.0K	$1.311M
YoY Change	-180.4%	-156.2%	-198.67%
INVESTING ACTIVITIES
Capital Expenditures	$38.38K	$0.00	-$229.5K
YoY Change	-117.46%	-100.0%	-94.35%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$38.38K	-$45.66K	-$136.7K
YoY Change	-82.54%	-66.6%	-96.79%
FINANCING ACTIVITIES
Cash Dividend Paid		$0.00	$310.3K
YoY Change		-100.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	12.83M	$12.35M	-$885.5K
YoY Change	-1695.54%	-1494.48%	-114.98%
NET CHANGE
Cash From Operating Activities	-839.5K	-$737.0K	$1.311M
Cash From Investing Activities	-38.38K	-$45.66K	-$136.7K
Cash From Financing Activities	12.83M	$12.35M	-$885.5K
Net Change In Cash	11.95M	$11.57M	$0.00
YoY Change	58621.43%
FREE CASH FLOW
Cash From Operating Activities	-$839.5K	-$737.0K	$1.311M
Capital Expenditures	$38.38K	$0.00	-$229.5K
Free Cash Flow	-$877.9K	-$737.0K	$1.541M
YoY Change	-169.46%	-147.83%	-43.58%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021Q4	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	15456	usd
CY2022	dei	Entity Central Index Key EntityCentralIndexKey	0001807887
CY2022	dei	Amendment Flag AmendmentFlag	false
CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Entity Public Float EntityPublicFloat	0	usd
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	4878419	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7878419	shares
CY2022Q4	laser	Sales Tax Liability SalesTaxLiability	0	usd
CY2022Q4	us-gaap	Deferred Revenue DeferredRevenue	0	usd
CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity Registrant Name EntityRegistrantName	LASER PHOTONICS CORPORATION
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	84-3628771
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	1101 N. Keller Road
CY2022	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite G
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	Orlando
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	FL
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	32810
CY2022	dei	City Area Code CityAreaCode	407
CY2022	dei	Local Phone Number LocalPhoneNumber	804 1000
CY2022	dei	Security12b Title Security12bTitle	Common Stock
CY2022	dei	Trading Symbol TradingSymbol	LASE
CY2022	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022	dei	Entity Small Business EntitySmallBusiness	true
CY2022	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2022	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2022	dei	Entity Shell Company EntityShellCompany	false
CY2022Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	7878419	shares
CY2022	dei	Auditor Name AuditorName	BF Borgers CPA PC
CY2022	dei	Auditor Firm AuditorFirmId	5041
CY2022	dei	Auditor Location AuditorLocation	Lakewood, CO
CY2022Q4	us-gaap	Other Assets OtherAssets	72527	usd
CY2021Q4	us-gaap	Other Assets OtherAssets	3000	usd
CY2022Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	1181000	usd
CY2021Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	0	usd
CY2022Q4	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	0	usd
CY2022Q4	us-gaap	Loans Payable LoansPayable	0	usd
CY2021Q4	us-gaap	Loans Payable LoansPayable	579012	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7878419	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	4878419	shares
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-728170	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	17491133	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	5560906	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	19694592	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6860350	usd
CY2022	us-gaap	Revenues Revenues	4954689	usd
CY2021	us-gaap	Revenues Revenues	4190709	usd
CY2022	us-gaap	Cost Of Revenue CostOfRevenue	2087703	usd
CY2021	us-gaap	Cost Of Revenue CostOfRevenue	2059298	usd
CY2022	us-gaap	Gross Profit GrossProfit	2866987	usd
CY2021	us-gaap	Gross Profit GrossProfit	2131411	usd
CY2022	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1677975	usd
CY2021	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	410693	usd
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1823643	usd
CY2021	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	713339	usd
CY2022	us-gaap	Depreciation And Amortization DepreciationAndAmortization	345291	usd
CY2021	us-gaap	Depreciation And Amortization DepreciationAndAmortization	396247	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	3846909	usd
CY2021	us-gaap	Operating Expenses OperatingExpenses	1520279	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	-979922	usd
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	611132	usd
CY2022	us-gaap	Interest Expense InterestExpense	24426	usd
CY2021	us-gaap	Interest Expense InterestExpense	49351	usd
CY2022	us-gaap	Other Income OtherIncome	6887	usd
CY2021	us-gaap	Other Income OtherIncome	22682	usd
CY2022	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-17539	usd
CY2021	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-26669	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-997461	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	584462	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	68	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-997461	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	584394	usd
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.18
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.12
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.18
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.12
CY2022	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	5628419	shares
CY2021	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	4878419	shares
CY2022	us-gaap	Pro Forma Weighted Average Shares Outstanding Diluted ProFormaWeightedAverageSharesOutstandingDiluted	5638836	shares
CY2021	us-gaap	Pro Forma Weighted Average Shares Outstanding Diluted ProFormaWeightedAverageSharesOutstandingDiluted	4878419	shares
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	5286620	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	584394	usd
CY2021	laser	Distribution Distribution	-310280	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	5560906	usd
CY2022	laser	Shares Issued In The Ipo Amount SharesIssuedInTheIpoAmount	12927688	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-997461	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	17491133	usd
CY2022	us-gaap	Profit Loss ProfitLoss	997461	usd
CY2021	us-gaap	Profit Loss ProfitLoss	-584394	usd
CY2022	us-gaap	Depreciation And Amortization DepreciationAndAmortization	345291	usd
CY2021	us-gaap	Depreciation And Amortization DepreciationAndAmortization	396247	usd
CY2022	laser	Net Change Right Of Use Assets And Liabilities NetChangeRightOfUseAssetsAndLiabilities	0	usd
CY2021	laser	Net Change Right Of Use Assets And Liabilities NetChangeRightOfUseAssetsAndLiabilities	-28755	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1263129	usd
CY2021	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-982010	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-97142	usd
CY2021	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-381376	usd
CY2022	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	69527	usd
CY2021	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	3000	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	76944	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	57857	usd
CY2022	us-gaap	Increase Decrease In Accrued Salaries IncreaseDecreaseInAccruedSalaries	1181000	usd
CY2022	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	-91775	usd
CY2021	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	-997633	usd
CY2022	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	-15456	usd
CY2021	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	2791	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-736971	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1375287	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	0	usd
CY2021	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2750	usd
CY2022	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	16826	usd
CY2021	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	0	usd
CY2022	laser	Payment To Acquire Furniture PaymentToAcquireFurniture	24634	usd
CY2021	laser	Payment To Acquire Furniture PaymentToAcquireFurniture	0	usd
CY2022	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	0	usd
CY2021	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	0	usd
CY2022	laser	Payments To Acquire Research And Development Equipment PaymentsToAcquireResearchAndDevelopmentEquipment	0	usd
CY2021	laser	Payments To Acquire Research And Development Equipment PaymentsToAcquireResearchAndDevelopmentEquipment	6920	usd
CY2022	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	4195	usd
CY2021	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	219795	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-45655	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-229465	usd
CY2022	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-261684	usd
CY2021	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-665084	usd
CY2022	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	-317328	usd
CY2021	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	-118578	usd
CY2022	us-gaap	Payments Of Dividends PaymentsOfDividends	0	usd
CY2021	us-gaap	Payments Of Dividends PaymentsOfDividends	310280	usd
CY2022	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	12927688	usd
CY2021	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	0	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	12348676	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-856786	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	11566050	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	289036	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	615749	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	326713	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	12181799	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	615749	usd
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	usd
CY2021	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	68	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	24426	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	49351	usd
CY2022	us-gaap	Use Of Estimates UseOfEstimates	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at dates of the financial statements and the reported amounts of revenue and expenses during the periods. Actual results could differ from these estimates. Our significant estimates and assumptions include depreciation and the fair value of our stock, stock-based compensation, debt discount and the valuation allowance relating to the Company’s deferred tax assets.</p>
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12181799	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	615749	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	1347494	usd
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	84365	usd
CY2022Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	759930	usd
CY2021Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	731863	usd
CY2022Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	254656	usd
CY2021Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	161918	usd
CY2022Q4	laser	Inventory Sales Demo InventorySalesDemo	647790	usd
CY2021Q4	laser	Inventory Sales Demo InventorySalesDemo	885514	usd
CY2022Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	31434	usd
CY2021Q4	laser	Ict Investments Loan Note One IctInvestmentsLoanNoteOne	0	usd
CY2022Q4	laser	Ict Investments Loan IctInvestmentsLoan	0	usd
CY2021Q4	laser	Ict Investments Loan IctInvestmentsLoan	261684	usd
CY2021Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	11657	usd
CY2022Q4	laser	Inventory Inventory	1693810	usd
CY2021Q4	laser	Inventory Inventory	1790952	usd
CY2022	us-gaap	Inventory Write Down InventoryWriteDown	101698	usd
CY2021	us-gaap	Inventory Write Down InventoryWriteDown	292268	usd
CY2022Q4	us-gaap	Unsecured Long Term Debt UnsecuredLongTermDebt	0	usd
CY2021Q4	us-gaap	Unsecured Long Term Debt UnsecuredLongTermDebt	317328	usd
CY2022Q4	laser	Lease Liability Less Current Other LeaseLiabilityLessCurrentOther	487562	usd
CY2021Q4	laser	Lease Liability Less Current Other LeaseLiabilityLessCurrentOther	328001	usd
CY2022Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	487562	usd
CY2021Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	907013	usd
CY2022	us-gaap	Lease Expiration Date1 LeaseExpirationDate1	2024-10-28
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	298718	usd
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	186526	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	627848	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	698580	usd
CY2022Q4	us-gaap	Capital Leased Assets Gross CapitalLeasedAssetsGross	627848	usd
CY2021Q4	us-gaap	Capital Leased Assets Gross CapitalLeasedAssetsGross	698580	usd
CY2022	us-gaap	Depreciation Depreciation	112192	usd
CY2021	us-gaap	Depreciation Depreciation	160117	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	-469229	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	-236130	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2939041	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3167945	usd
CY2022Q4	us-gaap	Intangible Assets Current IntangibleAssetsCurrent	2939041	usd
CY2021Q4	us-gaap	Intangible Assets Current IntangibleAssetsCurrent	3167945	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	190387	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	113443	usd
CY2022Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	0	usd
CY2021Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	91775	usd
CY2022Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	1181000	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	344510	usd
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	171757	usd
CY2022Q4	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	0	usd
CY2021Q4	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	15456	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1715897	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	392431	usd
CY2022Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	487562	usd
CY2021Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	907013	usd
CY2022Q4	us-gaap	Liabilities Liabilities	2203459	usd
CY2021Q4	us-gaap	Liabilities Liabilities	1299444	usd
CY2022Q4	us-gaap	Liabilities Liabilities	2203459	usd
CY2021Q4	us-gaap	Liabilities Liabilities	1299444	usd
CY2022	laser	Current Liabilitiespolicytextblock CurrentLiabilitiespolicytextblock	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Our current liabilities consist of accounts payable, accrued expenses, deferred revenue, and the current portion of lease liability.</p>
CY2022	laser	Annual Interest AnnualInterest	0.065	pure
CY2021Q4	laser	Sales Tax Liability SalesTaxLiability	15456	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	190387	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	113443	usd
CY2022	laser	Deferred Revenuepolicytextblock DeferredRevenuepolicytextblock	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company requires deposits on most sales orders. These deposits are recorded as deferred revenue until such time as the revenue recognition criteria for that order is completed. As of December 31, 2022, and December 31, 2021, the Company’s deferred revenue liabilities were recorded at zero and $91,775, respectively.</p>
CY2021Q4	us-gaap	Deferred Revenue DeferredRevenue	91775	usd
CY2022Q4	laser	Ict Investments Loan Note Two ICTInvestmentsLoanNoteTwo	0	usd
CY2021Q4	laser	Ict Investments Loan Note Two ICTInvestmentsLoanNoteTwo	261684	usd
CY2022Q4	laser	Ict Investments Loan Note One IctInvestmentsLoanNoteOne	0	usd
CY2022	us-gaap	Conversion Of Stock Shares Issued1 ConversionOfStockSharesIssued1	3000000	shares
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-736971	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	1375287	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-45655	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-229465	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	12348676	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-856786	usd
CY2022	laser	Cash At The Beginning Of Period CashAtTheBeginningOfPeriod	11566050	usd
CY2021	laser	Cash At The Beginning Of Period CashAtTheBeginningOfPeriod	289036	usd
CY2022	laser	Net Cash Increase For Period NetCashIncreaseForPeriod	615749	usd
CY2021	laser	Net Cash Increase For Period NetCashIncreaseForPeriod	326713	usd
CY2022	laser	Cash At End Of Period CashAtEndOfPeriod	12181799	usd
CY2021	laser	Cash At End Of Period CashAtEndOfPeriod	615749	usd
CY2022Q4	laser	Working Capital WorkingCapital	14715024	usd
CY2021Q4	laser	Working Capital WorkingCapital	2098635	usd
CY2022Q4	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	12181799	usd
CY2021Q4	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	615749	usd
CY2022Q4	laser	Working Capital Excluding Cash And Cash Equivalents WorkingCapitalExcludingCashAndCashEquivalents	1325408	usd
CY2021Q4	laser	Working Capital Excluding Cash And Cash Equivalents WorkingCapitalExcludingCashAndCashEquivalents	1482886	usd
CY2022Q4	us-gaap	Assets Net AssetsNet	13507207	usd
CY2021Q4	us-gaap	Assets Net AssetsNet	2098635	usd
CY2022	us-gaap	Variable Lease Payment VariableLeasePayment	15549	usd
CY2022	us-gaap	Debt Conversion Original Debt Interest Rate Of Debt DebtConversionOriginalDebtInterestRateOfDebt	0.03	pure
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.18
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.12
CY2022	laser	Off Balance Sheet Arrangementspolicytextblock OffBalanceSheetArrangementspolicytextblock	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During the years ended December 31, 2022 and 2021, the Company did not engage in any off-balance sheet arrangements as defined in item 303(a)(4) of the SEC’s Regulation S-K.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on its financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.</p>
CY2022	us-gaap	Common Stock Dividends Shares CommonStockDividendsShares	4688695	shares
CY2020Q4	us-gaap	Debt Conversion Original Debt Interest Rate Of Debt DebtConversionOriginalDebtInterestRateOfDebt	0.05	pure
CY2022	us-gaap	Variable Lease Payment VariableLeasePayment	15549	usd
CY2022Q4	laser	Stockholders Equity Other Equity StockholdersEquityOtherEquity	17491133	usd
CY2021Q4	laser	Stockholders Equity Other Equity StockholdersEquityOtherEquity	5560906	usd
CY2022	us-gaap	Stockholders Equity Reverse Stock Split StockholdersEquityReverseStockSplit	1-for-6
CY2021	us-gaap	Variable Lease Payment VariableLeasePayment	14805	usd
CY2021	us-gaap	Debt Conversion Original Debt Interest Rate Of Debt DebtConversionOriginalDebtInterestRateOfDebt	0.03	pure
CY2021	us-gaap	Lease Expiration Date1 LeaseExpirationDate1	2025-12-31

Files In Submission

Name	View Source	Status
0001654954-23-004821-index-headers.html	Edgar Link	pending
0001654954-23-004821-index.html	Edgar Link	pending
0001654954-23-004821.txt	Edgar Link	pending
0001654954-23-004821-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
laser-20221231.xsd	Edgar Link	pending
laser_10k.htm	Edgar Link	pending
laser_10kimg1.jpg	Edgar Link	pending
laser_10kimg2.jpg	Edgar Link	pending
laser_10kimg3.jpg	Edgar Link	pending
laser_10kimg4.jpg	Edgar Link	pending
laser_10kimg5.jpg	Edgar Link	pending
laser_ex311.htm	Edgar Link	pending
laser_ex312.htm	Edgar Link	pending
laser_ex321.htm	Edgar Link	pending
laser_ex322.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
laser-20221231_lab.xml	Edgar Link	unprocessable
laser-20221231_pre.xml	Edgar Link	unprocessable
laser_10k_htm.xml	Edgar Link	completed
R27.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
laser-20221231_def.xml	Edgar Link	unprocessable
laser-20221231_cal.xml	Edgar Link	unprocessable

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$LASE
Laser Photonics Corp Stock $lase

2022 Q4 Form 10-K Financial Statement

#000165495423004821 Filed on April 17, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LASE Laser Photonics Corp Stock $lase

2022 Q4 Form 10-K Financial Statement

#000165495423004821 Filed on April 17, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LASE
Laser Photonics Corp Stock $lase