Company: CPSH
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001437749-25-024312
Chunk: 1

Company: CPS TECHNOLOGIES CORP/DE/
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 hierarchy, which prioritizes which inputs should be used in measuring fair value, is comprised of: (Level I) observable inputs such as quoted prices in active markets; (Level II) inputs other than quoted prices in active markets that are observable either directly or indirectly and (Level III) unobservable inputs for which there is little or no market data. The fair value hierarchy requires the use of observable market data when available in determining fair value. CPS’ marketable securities consist solely of US Government bonds with a maturity of 12 months or less and which fall under Level II of the fair value hierarchy. The value of these bonds as of June 28, 2025 was $1,044,925and was $1,031,001as of December 28, 2024.

                        June 28, 2025      December 28, 2024  
 ──────────────────────────────────────────────────────────────
  Cost basis               $1,033,947             $1,015,501  
  Unrealized gain              10,978                 15,500  
  Total fair value         $1,044,925             $1,031,001  

(5) Net Income Per Common and Common Equivalent Share

Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share is calculated by dividing net income by the sum of the weighted average number of common shares plus additional common shares that would have been outstanding if potential dilutive common shares had been issued for granted stock options and stock purchase rights. Common stock equivalents are excluded from the diluted calculations when a net loss is incurred as they would be anti-dilutive. Had there been a profit in Q2 and year to date in 2024, the dilutive effect would have been29,254shares and50,607shares, respectively.

The following table presents the calculation of both basic and diluted EPS:

                                        Three Months Ended                                                    Six Months Ended                                   
                                        June 28,                                June 29,                      June 28,                                           
                                        2025                                    2024                          2025                                               
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Basic EPS Computation:                                                                                                                                         
  Numerator:                                                                                                                                                     
  Net income (loss)                     $                          103,833      $              ( 954,304      $                        199,795      ( 1,