Laser Photonics

2 serious warning signs in Laser Photonics’ filings.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 20 Apr 2026, plus the 10-Q filed 14 Aug 2026 and 14 later 8-Ks.

• Doubt it can keep going

  Serious

  The company or its auditor warned it may not have enough money to last the next year.

  “These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these condensed consolidated financial statements are issued.”

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  The Company has incurred recurring operating losses and experienced negative operating cash flows. For the six months ended June 30, 2026, the Company reported a net loss of $ 6,224,721 and net cash used in operating activities of $ 4,735,656 , or approximately $ 0.8 million per month. As of June 30, 2026, and December 31, 2025, the Company had negative working capital of approximately $ 3.1 million and $ 7.3 million, respectively. Management expects that the Company will require additional financing to fund operations, debt service, and planned expenditures over the next twelve months, and there can be no assurance that such financing will be available on acceptable terms, or at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these condensed consolidated financial statements are issued.

  From the 10-Q filed 14 August 2026, Part I, Item 1. Financial Statements. Read it in the filing

• Weak checks on its own accounts

  Serious

  The company said its checks on its own accounts did not work at the end of its latest quarter. Mistakes could slip into the numbers.

  “Management concluded that disclosure controls and procedures were not effective as of June 30, 2026, due to the material weaknesses in internal control over financial reporting described below.”

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  Management concluded that disclosure controls and procedures were not effective as of June 30, 2026, due to the material weaknesses in internal control over financial reporting described below. Certain of these material weaknesses were previously identified and disclosed in the Company’s Annual Reports on Form 10-K for the years ended December 31, 2025 and 2024 and have not yet been fully remediated. In addition, during the quarter ended June 30, 2026, management identified an additional material weakness relating to controls over the authorization and issuance of the Company’s equity securities, as described below.

  From the 10-Q filed 14 August 2026, Part I, Item 4. Controls and Procedures. Read it in the filing

• Changed auditor

  Worth knowing

  The company changed its auditor (the firm that checks its books) in the last two years.

  “On July 20, 2026, after review and recommendation of the Audit Committee of the Board of Directors of the registrant (the “Company”), the Company appointed Rosenfield & Company, PLLC (“Rosenfield”) to replace Weinberg & Company, P.A. (“Weinberg & Company”) as the Company’s new independent registered public accounting firm for and with respect to the year ending December 31, 2026.”

  From an 8-K filed 24 July 2026: Change of auditor. Read it in the filing