.2
CPS TECHNOLOGIES CORP.
Statements of Operations and Other Comprehensive Income (Loss) (Unaudited)
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Three Months Ended |
Twelve Months Ended |
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December 27, 2025 |
December 28, 2024 |
December 27, 2025 |
December 28, 2024 |
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Product sales |
$ | 8,208,041 | $ | 5,933,283 | $ | 32,596,314 | $ | 21,123,346 | ||||||||
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Cost of product sales |
6,988565 | 6,204,808 | 27,306,955 | 21,241,984 | ||||||||||||
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Gross profit |
1,219,476 | (271,525 | ) | 5,289,359 | (118,638 | ) | ||||||||||
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Selling, general, and administrative expenses |
1,318,163 | 1,047,459 | 4,845,385 | 4,262,290 | ||||||||||||
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Income (loss) from operations |
(98,687 | ) | (1,318,984 | ) | 443,974 | (4,380,928 | ) | |||||||||
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Other income |
123,680 | 45,134 | 238,664 | 286,979 | ||||||||||||
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Net income (loss) before income taxes |
24,993 | (1,273,850 | ) | 682,638 | (4,093,949 | ) | ||||||||||
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Income tax provision (benefit) |
12,399 | (278,697 | ) | 262,284 | (958,500 | ) | ||||||||||
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Net income (loss) |
$ | 12,594 | $ | (995,153 | ) | $ | 420,354 | $ | (3,135,449 | ) | ||||||
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Other comprehensive income |
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Net unrealized gains (losses) on available for sale securities |
(7,037 | ) | (1,946 | ) | (15,361 | ) | 15,500 | |||||||||
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Total other comprehensive income (loss) |
(7,037 | ) | (1,946 | ) | (15,361 | ) | 15,500 | |||||||||
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Comprehensive income (loss) |
5,557 | (997,099 | ) | 404,993 | (3,119,949 | ) | ||||||||||
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Net income (loss) per basic common share |
$ | 0.00 | $ | (0.07 | ) | $ | 0.03 | $ | (0.22 | ) | ||||||
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Weighted average number of basic common shares outstanding |
17,996,884 | 14,525,960 | 15,286,097 | 14,522,513 | ||||||||||||
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Net income (loss) per diluted common share |
$ | 0.00 | $ | (0.07 | ) | $ | 0.03 | (0.22 | ) | |||||||
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Weighted average number of diluted common shares outstanding |
18,190,719 | 14,525,960 | 15,388,726 | 14,522,513 | ||||||||||||
CPS TECHNOLOGIES CORP.
BALANCE SHEETS
(Unaudited)
|
December 27, |
December 28, |
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|
2025 |
2024 |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
$ | 4,466,198 | $ | 3,280,687 | ||||
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Marketable securities, at fair value |
8,769,363 | 1,031,001 | ||||||
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Accounts receivable-trade, net |
5,235,307 | 4,858,208 | ||||||
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Accounts receivable-other |
380,948 | 177,068 | ||||||
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Inventories, net |
5,598,407 | 4,331,066 | ||||||
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Prepaid expenses and other current assets |
299,829 | 480,986 | ||||||
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Total current assets |
24,750,052 | 14,159,016 | ||||||
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Property and equipment: |
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Production equipment |
10,647,170 | 10,382,379 | ||||||
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Furniture and office equipment |
910,310 | 891,921 | ||||||
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Leasehold improvements |
997,830 | 997,830 | ||||||
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Total cost |
12,555,310 | 12,272,130 | ||||||
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Accumulated depreciation and amortization |
(10,877,927 | ) | (10,377,756 | ) | ||||
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Construction in progress |
459,671 | 108,874 | ||||||
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Net property and equipment |
2,137,054 | 2,003,248 | ||||||
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Net intangible assets |
21,778 | - | ||||||
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Right-of-use lease asset |
336,000 | 186,000 | ||||||
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Deferred taxes, net |
2,266,854 | 2,528,682 | ||||||
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Total assets |
$ | 29,511,738 | $ | 18,876,946 | ||||
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LIABILITIES AND STOCKHOLDERS’ EQUITY |
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Current liabilities: |
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Notes payable, current portion |
$ | - | $ | 8,130 | ||||
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Accounts payable |
3,363,233 | 3,053,712 | ||||||
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Accrued expenses |
907,910 | 913,279 | ||||||
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Deferred revenue |
238,044 | 172,429 | ||||||
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Lease liability, current portion |
162,000 | 160,000 | ||||||
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Total current liabilities |
4,671,187 | 4,307,550 | ||||||
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Deferred revenue – long term |
31,277 | 31,277 | ||||||
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Long term lease liability |
174,000 | 26,000 | ||||||
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Total liabilities |
4,876,464 | 4,364,827 | ||||||
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Commitments & Contingencies |
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Stockholders’ Equity: |
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Common stock, $0.01 par value, authorized 20,000,000 shares; issued 18,132,767 and 14,661,487 shares; outstanding 17,988,634 and 14,525,960; at December 27, 2025 and December 28, 2024, respectively |
181,320 | 146,615 | ||||||
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Preferred stock, no shares issued or outstanding |
– | – | ||||||
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Additional paid-in capital |
50,295,019 | 40,580,387 | ||||||
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Accumulated other comprehensive income |
139 | 15,500 | ||||||
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Accumulated deficit |
(25,469,891 | ) | (25,890,245 | ) | ||||
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Less cost of 144,133 and 135,527 common shares repurchased at December 27, 2025 and December 28, 2024, respectively |
(371,313 | ) | (340,138 | ) | ||||
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Total stockholders’ equity |
24,635,274 | 14,512,119 | ||||||
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Total liabilities and stockholders’ equity |
$ | 29,511,738 | $ | 18,876,946 | ||||