Company: CPSH
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014320
Chunk: 0

Company: CPS TECHNOLOGIES CORP/DE/
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
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rued expenses                                                                                                                   157,653                     ( 231,367  
  Deferred revenue                                                                                                                  ( 64,349                      ( 44,508  
  Net cash provided by (used in) operating activities                                                                            ( 1,252,723                       128,857  
  Cash flows from investing activities:                                                                                                                                     
  Purchases of property and equipment                                                                                               ( 93,070                     ( 263,346  
  Proceeds from sale of marketable securities                                                                                        518,000                             -  
  Purchases of marketable securities                                                                                               ( 514,845                             -  
  Net cash used in investing activities                                                                                             ( 89,915                     ( 263,346  
  Cash flows from financing activities:                                                                                                                                     
  Payments on note payable                                                                                                           ( 8,130                      ( 11,409  
  Net cash used in financing activities                                                                                              ( 8,130                      ( 11,409  
  Net decrease in cash and cash equivalents                                                                                      ( 1,350,768                     ( 145,898  
  Cash and cash equivalents at beginning of period                                                                                 3,280,687                     8,813,626  
  Cash and cash equivalents at end of period                                                          $                            1,929,919      $              8,667,728  
  Supplemental disclosures of cash flows information:                                                                                                                       
  Cash paid for interest                                                                              $                                   26      $                    825  

See accompanying notes to financial statements.

CPS TECHNOLOGIES CORP.

Notes to Financial Statements

(Unaudited)

(1) Nature of Business

CPS Technologies Corporation (the “ Company” or “ CPS”) provides advanced material solutions to the electronics, power generation, automotive and other industries. The Company’s primary advanced material solution is metal-matrix composites ("MMC") which are a combination of metal and ceramic.

CPS also assembles housings and packages for hybrid circuits. These housings and packages mayinclude components made of metal-matrix composites or they mayinclude components made of more traditional materials such as aluminum, copper-tungsten, etc.

Using its proprietary MMC technology, the Company also produces light-weight armor, particularly for extreme environments and heavy threat levels.

The Company also engages in research and development, in some cases government funded and in others internally funded, focused on developing new products in response to customer requirements. These products expand our offerings in existing markets and enable penetration into new markets.

The Company sells into several end markets including the wireless communications infrastructure market