LASE: the balance sheet

MyFinsight

For the year ending 2025-12-31, LASE has $9,449,602 in assets. $14,486,188 in debts.

Balance Sheets	2025-12-31
Cash	650,339
Accounts receivable, net of allowance for expected credit losses of 0 and 285,486, respectively	547,848
Contract assets	258,037
Inventories, net of reserves of 503,835 and 776,638, respectively	1,287,127
Deferred financing costs	125,000
Prepaid expenses and other current assets	120,825
Total current assets	2,989,176
Total cost	3,811,510
Accumulated depreciation	2,686,316
Property, plant, and equipment, net	1,125,194
Intangible assets, net	922,701
Right-of-use assets	4,110,531
Other long-term assets	302,000
Total assets	9,449,602

Accounts payable-Nonrelated Party	1,595,333
Accounts payable-Related Party	349,461
Accrued expenses	918,328
Deferred revenue	1,157,128
Contract liabilities	1,205,007
Notes payable-Nonrelated Party	3,804,610
Notes payable-Related Party	751,000
Lease liability, current	214,044
Derivative liability	338,902
Total current liabilities	10,333,813
Lease liability, non-current	4,152,375
Total liabilities	14,486,188
Common shares par value 0.001 100,000,000 shares authorized 22,852,753 and 14,282,395 issued, and 22,845,345 and 14,257,458 outstanding, at december 31, 2025 and 2024, respectively	22,853
Treasury shares (7,378 and 24,397 shares, respectively)	10,003
Additional paid in capital	20,160,923
Accumulated deficit	-25,210,359
Total stockholders (deficit) equity	-5,036,586
Total liabilities and stockholders (deficit) equity	9,449,602

Unit: Dollar.