Exhibit 99.2
| CPS TECHNOLOGIES CORPORATION Statements of Operations (Unaudited) | ||||||||
| Fiscal Quarters Ended | ||||||||
| March 28, 2026 | March 29, 2025 | |||||||
| Product sales | $ | 7,028,748 | $ | 7,505,921 | ||||
| Cost of product sales | 6,421,870 | 6,274,920 | ||||||
| Gross profit | 606,878 | 1,231,001 | ||||||
| Selling, general, and administrative expenses | 1,129,512 | 1,101,350 | ||||||
| Operating income (loss) | (522,634 | ) | 129,651 | |||||
| Other income, net | 146,205 | 50,476 | ||||||
| Income (loss) before income taxes | (376,429 | ) | 180,127 | |||||
| Income tax provision (benefit) | (82,250 | ) | 84,165 | |||||
| Net income (loss) | $ | (294,179 | ) | $ | 95,962 | |||
| Other comprehensive income | ||||||||
| Net unrealized gains (losses) on available for sale securities | (4,757 | ) | 2,037 | |||||
| Reclassification adjustment for gains included in net income | - | (16,237 | ) | |||||
| Total other comprehensive income | (4,757 | ) | (14,200 | ) | ||||
| Comprehensive income (loss) | (298,936 | ) | 81,762 | |||||
| Net income (loss) per basic common share | $ | (0.02 | ) | $ | 0.01 | |||
| Weighted average number of basic common shares outstanding | 17,997,088 | 14,525,960 | ||||||
| Net income (loss) per diluted common share | $ | (0.02 | ) | $ | 0.01 | |||
| Weighted average number of diluted common shares outstanding | 17,997,088 | 14,543,911 | ||||||
CPS TECHNOLOGIES CORP.
Balance Sheets (Unaudited)
| March 28, 2026 | December 27, 2025 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 5,724,339 | $ | 4,466,198 | ||||
| Marketable securities, at fair value | 6,797,952 | 8,769,363 | ||||||
| Accounts receivable-trade | 3,779,089 | 5,235,307 | ||||||
| Accounts receivable-other | 201,013 | 380,948 | ||||||
| Inventories, net | 7,143,727 | 5,598,407 | ||||||
| Prepaid expenses and other current assets | 331,411 | 299,829 | ||||||
| Total current assets | 23,977,531 | 24,750,052 | ||||||
| Property and equipment: | ||||||||
| Production equipment | 10,528,733 | 10,647,170 | ||||||
| Furniture and office equipment | 910,310 | 910,310 | ||||||
| Leasehold improvements | 997,830 | 997,830 | ||||||
| Total cost | 12,436,913 | 12,555,310 | ||||||
| Accumulated depreciation and amortization | (10,801,044 | ) | (10,877,927 | ) | ||||
| Construction in progress | 828,107 | 459,671 | ||||||
| Net property and equipment | 2,463,976 | 2,137,054 | ||||||
| Net intangible assets | 20,794 | 21,778 | ||||||
| Right-of-use lease asset | 300,000 | 336,000 | ||||||
| Deferred taxes, net | 2,349,560 | 2,266,854 | ||||||
| Total Assets | $ | 29,111,861 | 29,511,738 | |||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | 3,337,589 | 3,363,233 | ||||||
| Accrued expenses | 577,219 | 907,910 | ||||||
| Deferred revenue | 450,579 | 238,044 | ||||||
| Lease liability, current portion | 163,000 | 162,000 | ||||||
| Total current liabilities | 4,528,387 | 4,671,187 | ||||||
| Deferred revenue – long term | 31,277 | 31,277 | ||||||
| Long term lease liability | 137,000 | 174,000 | ||||||
| Total liabilities | 4,696,664 | 4,876,464 | ||||||
| Commitments & Contingencies | ||||||||
| Stockholders’ equity: | ||||||||
| Common stock, $0.01 par value, authorized 20,000,000 shares; issued 18,151,767 and 18,132,767 shares; outstanding 18,006,963 and 17,988,634 shares at each March 28, 2026 and December 27, 2025 | 181,510 | 181,320 | ||||||
| Preferred stock, no shares issued or outstanding | – | – | ||||||
| Additional paid-in capital | 50,377,081 | 50,295,019 | ||||||
| Accumulated other comprehensive income | (4,618 | ) | 139 | |||||
| Accumulated deficit | (25,764,070 | ) | (25,469,891 | ) | ||||
| Less cost of 144,804 and 144,133 common shares repurchased at each March 28, 2026 and December 27, 2025 | (374,706 | ) | (371,313 | ) | ||||
| Total stockholders’ equity | 24,415,197 | 24,635,274 | ||||||
| Total liabilities and stockholders’ equity | $ | 29,111,861 | $ | 29,511,738 | ||||