Exhibit 99.2
CPS TECHNOLOGIES CORP.
Statements of Operations and Other Comprehensive Income (Loss) (Unaudited)
| Three Months Ended | Twelve Months Ended | |||||||||||||||
| December 27, 2025 | December 28, 2024 | December 27, 2025 | December 28, 2024 | |||||||||||||
| Product sales | $ | 8,208,041 | $ | 5,933,283 | $ | 32,596,314 | $ | 21,123,346 | ||||||||
| Cost of product sales | 6,988565 | 6,204,808 | 27,306,955 | 21,241,984 | ||||||||||||
| Gross profit | 1,219,476 | (271,525 | ) | 5,289,359 | (118,638 | ) | ||||||||||
| Selling, general, and administrative expenses | 1,318,163 | 1,047,459 | 4,845,385 | 4,262,290 | ||||||||||||
| Income (loss) from operations | (98,687 | ) | (1,318,984 | ) | 443,974 | (4,380,928 | ) | |||||||||
| Other income | 123,680 | 45,134 | 238,664 | 286,979 | ||||||||||||
| Net income (loss) before income taxes | 24,993 | (1,273,850 | ) | 682,638 | (4,093,949 | ) | ||||||||||
| Income tax provision (benefit) | 12,399 | (278,697 | ) | 262,284 | (958,500 | ) | ||||||||||
| Net income (loss) | $ | 12,594 | $ | (995,153 | ) | $ | 420,354 | $ | (3,135,449 | ) | ||||||
| Other comprehensive income | ||||||||||||||||
| Net unrealized gains (losses) on available for sale securities | (7,037 | ) | (1,946 | ) | (15,361 | ) | 15,500 | |||||||||
| Total other comprehensive income (loss) | (7,037 | ) | (1,946 | ) | (15,361 | ) | 15,500 | |||||||||
| Comprehensive income (loss) | 5,557 | (997,099 | ) | 404,993 | (3,119,949 | ) | ||||||||||
| Net income (loss) per basic common share | $ | 0.00 | $ | (0.07 | ) | $ | 0.03 | $ | (0.22 | ) | ||||||
| Weighted average number of basic common shares outstanding | 17,996,884 | 14,525,960 | 15,286,097 | 14,522,513 | ||||||||||||
| Net income (loss) per diluted common share | $ | 0.00 | $ | (0.07 | ) | $ | 0.03 | (0.22 | ) | |||||||
| 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, | |||||||
| 2025 | 2024 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 4,466,198 | $ | 3,280,687 | ||||
| Marketable securities, at fair value | 8,769,363 | 1,031,001 | ||||||
| Accounts receivable-trade, net | 5,235,307 | 4,858,208 | ||||||
| Accounts receivable-other | 380,948 | 177,068 | ||||||
| Inventories, net | 5,598,407 | 4,331,066 | ||||||
| Prepaid expenses and other current assets | 299,829 | 480,986 | ||||||
| Total current assets | 24,750,052 | 14,159,016 | ||||||
| Property and equipment: | ||||||||
| Production equipment | 10,647,170 | 10,382,379 | ||||||
| Furniture and office equipment | 910,310 | 891,921 | ||||||
| Leasehold improvements | 997,830 | 997,830 | ||||||
| Total cost | 12,555,310 | 12,272,130 | ||||||
| Accumulated depreciation and amortization | (10,877,927 | ) | (10,377,756 | ) | ||||
| Construction in progress | 459,671 | 108,874 | ||||||
| Net property and equipment | 2,137,054 | 2,003,248 | ||||||
| Net intangible assets | 21,778 | - | ||||||
| Right-of-use lease asset | 336,000 | 186,000 | ||||||
| Deferred taxes, net | 2,266,854 | 2,528,682 | ||||||
| Total assets | $ | 29,511,738 | $ | 18,876,946 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Notes payable, current portion | $ | - | $ | 8,130 | ||||
| Accounts payable | 3,363,233 | 3,053,712 | ||||||
| Accrued expenses | 907,910 | 913,279 | ||||||
| Deferred revenue | 238,044 | 172,429 | ||||||
| Lease liability, current portion | 162,000 | 160,000 | ||||||
| Total current liabilities | 4,671,187 | 4,307,550 | ||||||
| Deferred revenue – long term | 31,277 | 31,277 | ||||||
| Long term lease liability | 174,000 | 26,000 | ||||||
| Total liabilities | 4,876,464 | 4,364,827 | ||||||
| Commitments & Contingencies | ||||||||
| Stockholders’ Equity: | ||||||||
| 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 | ||||||
| Preferred stock, no shares issued or outstanding | – | – | ||||||
| Additional paid-in capital | 50,295,019 | 40,580,387 | ||||||
| Accumulated other comprehensive income | 139 | 15,500 | ||||||
| Accumulated deficit | (25,469,891 | ) | (25,890,245 | ) | ||||
| Less cost of 144,133 and 135,527 common shares repurchased at December 27, 2025 and December 28, 2024, respectively | (371,313 | ) | (340,138 | ) | ||||
| Total stockholders’ equity | 24,635,274 | 14,512,119 | ||||||
| Total liabilities and stockholders’ equity | $ | 29,511,738 | $ | 18,876,946 | ||||