Laser Photonics Corporation filed SEC Form 8-K: Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
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Item 4.02 Non-Reliance On Previously Issued Financial Statements Or A Related Audit Report Or Completed Interim Review.
On August 21, 2024, the Audit Committee of the Board of Directors (the “Audit Committee”) of Laser Photonics Corporation (the “Company”) determined, based on the recommendation of management, that the Company’s previously issued financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and the Quarterly Report on Form 10-Q for the period ended June 30, 2024, should no longer be relied upon as a result of the Company’s predecessor auditor, Fruci & Associates II, PLLC (“Fruci”), identifying an adjusting entry that Fruci had proposed and that was posted by the Company that overstated deferred revenue and needed to be corrected as discussed in further detail in Note 7 of the December 31, 2023, financial statements in the Company’s Form 10-K/A that it filed on August 28, 2024, and the Form 10-Q/A filed September 12, 2024. Since the financial statements for the year ended December 31, 2023, and for the quarter ended June 30, 2024, have been corrected, no further adjustment is necessary.
The Audit Committee, along with management, discussed with Fruci, the Company’s former independent registered public accounting firm, and the Company’s current independent registered public accounting firm, M&K CPAS PLLC, the matters disclosed in this filing.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Date: September 23, 2024 | Laser Photonics Corporation | |
| By: | /s/ Wayne Tupuola | |
| Wayne Tupuola | ||
| President and CEO | ||
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