|  UNITED      STATES SECURITIES AND EXCHANGE COMMISSION |
|-------------------------------------------------------------|
| Washington,      D.C. 20549                                 |
| ________________                                            |
|  Form      10-Q   |
|----------------------------------|
|  (Mark      One)       |   |   |   |
| þ                           | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934.  |   |   |
|                             | For      the quarterly period ended September 30, 2009  |   |   |
| o                                | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934.  |   |   |
|                             | For      the transition period from ____ to _____  |   |   |
| Commission      file number:  1-16525      |
|-----------------------------------------------------------|
| CVD      EQUIPMENT CORPORATION                            |
| (Name      of Registrant  in Its Charter)  |
|                                                      | New      York | 11-2621692 |   |   |
|                                                      | (State      or Other Jurisdiction ofIncorporation      or Organization)  | (I.R.S.      Employer Identification No.) |   |   |
|                                                      | 1860      Smithtown AvenueRonkonkoma,      New York  11779 |   |   |
|                                                      | (Address      including zip code of registrant’s Principal Executive      Offices) |   |   |

| (631)      981-7081(Registrant’s      Telephone Number, Including AreaCode) |
|-----------------------------------------------------------------------------------|

----

Part I

| Item 1 - Financial Statements(Unaudited)                                                                                     |   |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|
| Consolidated Balance Sheets at September 30, 2009      (Unaudited) and December 31, 2008                                     | 2      |
| Consolidated Statements of Operations      (Unaudited) for the three and nine months ended September 30, 2009 and      2008  | 3      |
| Consolidated Statements of Cash Flows      (Unaudited) for the nine months ended September 30, 2009 and      2008            | 4      |
| Notes to Unaudited Consolidated Financial      Statements                                                                    | 5      |
| Item 2 - Management's Discussion and Analysis or      Plan of Operation                                                      | 15     |
| Item 3 – Quantitative and Qualitative Disclosures      About Market Risk                                               | 20     |
| Item 4T - Controls and Procedures                                                                                            | 20     |
| Part II - Other Information                                                                                                  | 21     |
| Item 1 - Legal Proceedings                                                                                                   | 21     |
| Item 2 – Changes in Securities and Use of      Proceeds                                                                | 21     |
| Item 3 – Defaults Upon Senior      Securities                                                                          | 21     |
| Item 4 - Submission of Matters to a Vote of      Security Holders                                                            | 21     |
| Item 5 - Other Information                                                                                                   | 21     |
| Item 6 - Exhibits                                                                                                            | 21     |
| Signatures                                                                                                                   | 23     |
| Exhibit Index                                                                                                                | 24     |
| Certification      of Chief Executive Officer                                                                                     |   |
| Certification      of Chief Financial Officer                                                                                     |   |
| Certification      of Chief Executive Officer pursuant to U.S.C. Section 1350                                                     |   |
| Certification      of Chief Financial Officer pursuant to U.S.C. Section 1350                                                     |   |

----

PART I

Item 1

Consolidated 

|                                                                                                                                                                                                                                                                                           |   | September      30, 2009 |                       |   |  December 31, 2008* |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|----------------------------|--------|--------------------------|--------|
|                                                                                                                                                                                                                                                                                           |   | (Unaudited)             |                       |   |                     |   |
| ASSETS                                                                                                                                                                                                                                                                                         |   |                    |                       |   |                     |   |
| Current      Assets:                                                                                                                                                                                                                                                                           |   |                    |                       |   |                     |   |
|      Cash      and cash equivalents                                                                                                                                                                                                                                   |   | $                       | 4,775,353                  |   |                     | $      | 5,721,369 |   |
|      Accounts      receivable, net                                                                                                                                                                                                                                    |   |                    | 1,216,185                  |   |                     |   | 2,642,670 |   |
|      Cost      and estimated earnings in     excess      of billings on     uncompleted      contracts                                                                                                              |   |                    |    5,816,431     |   |                     |   |   3,972,533 |   |
|      Inventories                                                                                                                                                                                                                                                      |   |                    | 3,275,057                  |   |                     |   | 3,292,316 |   |
|      Deferred      income taxes – current                                                                                                                                                                                                                       |   |                    | 153,410                    |   |                     |   | 54,049 |   |
|      Other      current assets                                                                                                                                                                                                                                        |   |                    | 184,101                    |   |                     |   | 174,782 |   |
|                                                                                                                                                                                                                                                                                           |   |                    |                       |   |                     |   |   |   |
|      Total      Current Assets                                                                                                                                                                                                                                        |   |                    | 15,420,537                 |   |                     |   | 15,857,719 |   |
|                                                                                                                                                                                                                                                                                           |   |                    |                       |   |                     |   |   |   |
|      Property,      plant and equipment, net                                                                                                                                                                                                                          |   |                    | 7,969,361                  |   |                     |   | 8,028,889 |   |
|                                                                                                                                                                                                                                                                                           |   |                    |                       |   |                     |   |   |   |
|      Deferred      income taxes-non current                                                                                                                                                                                                                           |   |                    | 830,455                    |   |                     |   | 772,516 |   |
|                                                                                                                                                                                                                                                                                           |   |                    |                       |   |                     |   |   |   |
|      Other      assets, net                                                                                                                                                                                                                                           |   |                    | 447,195                    |   |                     |   | 541,404 |   |
|                                                                                                                                                                                                                                                                                           |   |                    |                       |   |                     |   |   |   |
|      Intangible      assets, net                                                                                                                                                                                                                                      |   |                    |  63,785               |   |                     |   | 89,822 |   |
|                                                                                                                                                                                                                                                                                           |   |                    |                       |   |                     |   |   |   |
| Total      Assets                                                                                                                                                                                                                                                                              |   | $                       | 24,731,333                 |   |                     | $      | 25,290,350 |   |
|                                                                                                                                                                                                                                                                                           |   |                    |                       |   |                     |   |   |   |
|                                                                                                                                                                                                                                                                                           |   |                    |                       |   |                     |   |   |   |
| LIABILITIES      AND STOCKHOLDERS EQUITY                                                                                                                                                                                                                                                       |   |                    |                       |   |                     |   |   |   |
| Current      Liabilities:                                                                                                                                                                                                                                                                      |   |                    |                       |   |                     |   |   |   |
|      Current      maturities of long-term debt                                                                                                                                                                                                                        |   | $                       | 306,887                    |   |                     | $      | 348,521 |   |
|      Customer      deposits and deferred revenue                                                                                                                                                                                                                      |   |                    | 3,617,518                  |   |                     |   | 3,588,155 |   |
|      Accounts      payable and accrued expenses                                                                                                                                                                                                                       |   |                    | 1,513,378                  |   |                     |   | 1,982,436 |   |
|      Accrued      professional fees-related party                                                                                                                                                                                                                     |   |                    | 75,000                     |   |                     |   | 90,053 |   |
|                                                                                                                                                                                                                                                                                           |   |                    | 5,512      783             |   |                     |   | 6,009,165 |   |
| Long-term      debt, net of current portion                                                                                                                                                                                                                                                    |   |                    | 3,918,796                  |   |                     |   | 4,135,632 |   |
|      Total      liabilities                                                                                                                                                                                                                                           |   |                    | 9,431,579                  |   |                     |   | 10,144,797 |   |
|                                                                                                                                                                                                                                                                                           |   |                    |                       |   |                     |   |   |   |
| Commitments      and contingencies                                                                                                                                                                                                                                                             |   |                    | -                          |   |                     |   | - |   |
|                                                                                                                                                                                                                                                                                           |   |                    |                       |   |                     |   |   |   |
| Stockholders’      Equity                                                                                                                                                                                                                                                                |   |                    |                       |   |                     |   |   |   |
|      Common      stock-$0.01 par value-10,000,000     shares      authorized; issued and outstanding,     4,761,100      at September 30, 2009 and     4,749,500      at December 31, 2008 |   |                    |      47,611 |   |                     |   |     47,495 |   |
|      Additional      paid-in-capital                                                                                                                                                                                                                                  |   |                    | 10,054,013                 |   |                     |   | 9,927,260 |   |
|      Retained      earnings                                                                                                                                                                                                                                           |   |                    | 5,198,130                  |   |                     |   | 5,170,798 |   |
|      Total      Stockholders’ Equity                                                                                                                                                                                                                            |   |                    | 15,299,754                 |   |                     |   | 15,145,553 |   |
| Total      Liabilities and Stockholders’ Equity                                                                                                                                                                                                                                          |   | $                       | 24,731,333                 |   |                     | $      | 25,290,350 |   |

----

Consolid

|                                                                                                  |   | Three      Months Ended |          |   | Nine      Months Ended |   |
|-------------------------------------------------------------------------------------------------------|--------|-------------------------|---------------|--------|------------------------|--------|
|                                                                                                  |   | September 30,           |          |   | September 30,          |   |
|                                                                                                  |   | 2009                    |          |   | 2008                   |   |   | 2009 |   |   | 2008 |   |
|                                                                                                  |   |                    |          |   |                   |   |   |   |   |   |   |   |
| Revenue                                                                                               |   | $                       | 3,556,782     |   |                   | $      | 4,883,910 |   |   | $ | 10,983,980 |   |   | $ | 13,196,313 |   |
|                                                                                                  |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Cost      of revenue                                                                                  |   |                    | 2,123,899     |   |                   |   | 3,586,660 |   |   |   | 7,493,649 |   |   |   | 9,530,480 |   |
|                                                                                                  |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Gross      profit                                                                                     |   |                    | 1,432,883     |   |                   |   | 1,297,250 |   |   |   | 3,490,331 |   |   |   | 3,665,833 |   |
|                                                                                                  |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      expenses                                                                               |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
|      Selling      and shipping                                               |   |                    | 163,474       |   |                   |   | 156,584 |   |   |   | 525,048 |   |   |   | 542,017 |   |
|      General      and     Administrative            |   |                    | 1,061,970     |   |                   |   | 1,056,551 |   |   |   |  2,791,753 |   |   |   | 2,954,394 |   |
|      Related      party-     professional      fees |   |                    |  25,000  |   |                   |   | 15,000 |   |   |   |  75,000 |   |   |   | 32,500 |   |
|      Total      operating expenses                                           |   |                    | 1,250,444     |   |                   |   | 1,228,135 |   |   |   | 3,391,801 |   |   |   | 3,528,911 |   |
|                                                                                                  |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      income                                                                                 |   |                    | 182,439       |   |                   |   | 69,115 |   |   |   | 98,530 |   |   |   | 136,922 |   |
|                                                                                                  |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Other      income (expense)                                                                           |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
|      Interest      income                                                    |   |                    | 6,246         |   |                   |   | 20,572 |   |   |   | 28,835 |   |   |   | 80,117 |   |
|      Interest      expense                                                   |   |                    | (61,647       | )      |                   |   | (58,418 | ) |   |   | (188,630 | ) |   |   | (162,859 | ) |
|      Other      income                                                       |   |                    | 10,403        |   |                   |   | 156,556 |   |   |   | 22,093 |   |   |   | 170,073 |   |
| Total      other (expense)                                                                            |   |                    | (44,998       | )      |                   |   | 118,710 |   |   |   | (137,702 | ) |   |   | 87,331 |   |
| Income      (loss) before income taxes                                                                |   |                    |  137,441 |   |                   |   |  187,825 |   |   |   |  (39,172 | ) |   |   | 224,253 |   |
|                                                                                                  |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Income      tax (expense) benefit                                                                     |   |                    | (34,311       | )      |                   |   | (58,770 | ) |   |   | 66,504 |   |   |   | (68,820 | ) |
| Net      income                                                                                       |   | $                       | 103,130       |   |                   | $      | 129,055 |   |   | $ | 27,332 |   |   | $ | 155,433 |   |
|                                                                                                  |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      income per common share                                                                    |   | $                       | 0.02          |   |                   | $      | 0.03 |   |   | $ | 0.01 |   |   | $ | 0.03 |   |
|                                                                                                  |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted      income per common share                                                                  |   | $                       | 0.02          |   |                   | $      | 0.03 |   |   | $ | 0.01 |   |   | $ | 0.03 |   |
|                                                                                                  |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average common shares outstanding basic                                                 |   |                    | 4,761,100     |   |                   |   | 4,734,717 |   |   |   |  4,760,503 |   |   |   | 4,733,416 |   |
|                                                                                                  |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Effect      of potential common share issuance:                                                       |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
|      Stock      options                                                      |   |                    | 45,846        |   |                   |   | 50,463 |   |   |   | 43,787 |   |   |   | 36,647 |   |
|                                                                                                  |   |                    |          |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average common shares outstanding diluted                                               |   |                    | 4,806,946     |   |                   |   | 4,785,180 |   |   |   |  4,804,290 |   |   |   | 4,770,063 |   |

----

Consolid

|                                                                                                                                                |   | Nine      Months Ended September      30, |       |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|------------|
|                                                                                                                                                |   | 2009                                      |       |   | 2008 |   |
| Cash      flows from operating activities:                                                                                                          |   |                                      |       |   |   |   |
|      Net      income                                                                                                       |   | $                                         | 27,332     |   |   | $ | 155,433 |   |
|      Adjustments      to reconcile net income to net cash     (used      in) operating activities |   |                                      |       |   |   |   |   |   |
|      Stock-based      compensation expense                                                                                 |   |                                      | 126,868    |   |   |   | 258,040 |   |
|      Depreciation      and amortization                                                                                    |   |                                      | 437,354    |   |   |   | 386,753 |   |
|      Deferred      tax benefit                                                                                             |   |                                      | (157,300   | ) |   |   | (138,008 | ) |
|      Bad      debt provision                                                                                               |   |                                      | (12,936    | ) |   |   | 19,910 |   |
|      Changes      in operating assets and liabilities                                                                      |   |                                      |       |   |   |   |   |   |
|      Accounts      receivable                                                                                              |   |                                      | 1,439,422  |   |   |   | (2,030,836 | ) |
|      Cost      and estimated earnings in excess of billings     on      uncompleted contracts     |   |                                      | (1,843,898 | ) |   |   | (1,757,323 | ) |
|      Inventories                                                                                                           |   |                                      | 17,259     |   |   |   | 184,768 |   |
| Other      current assets                                                                                                                           |   |                                      | (9,319     | ) |   |   | 93,389 |   |
| Other      assets                                                                                                                                   |   |                                      | 856        |   |   |   | 50,000 |   |
| Customer      deposits and deferred revenue                                                                                                         |   |                                      | 29,363     |   |   |   | 148,880 |   |
| Accounts      payable and accrued expenses                                                                                                          |   |                                      | (484,112   | ) |   |   | 571,480 |   |
|      Net      cash (used in) operating activities                                                                          |   |                                      | (429,111   | ) |   |   | (2,057,514 | ) |
|                                                                                                                                                |   |                                      |       |   |   |   |   |   |
| Cash      flows from investing activities:                                                                                                          |   |                                      |       |   |   |   |   |   |
|      Capital      expenditures                                                                                             |   |                                      | (258,435   | ) |   |   | (2,948,267 | ) |
|      Deposits                                                                                                              |   |                                      | ---        |   |   |   | 425,312 |   |
|      Net      cash (used in) investing activities                                                                          |   |                                      | (258,435   | ) |   |   | (2,522,955 | ) |
|                                                                                                                                                |   |                                      |       |   |   |   |   |   |
| Cash      flows from financing activities:                                                                                                          |   |                                      |       |   |   |   |   |   |
|      Proceeds      from loans                                                                                              |   |                                      | ---        |   |   |   | 2,645,000 |   |
|      Payments      of long-term debt                                                                                       |   |                                      | (258,470   | ) |   |   | (978,377 | ) |
|      Net      proceeds from stock options exercised                                                                        |   |                                      | ---        |   |   |   | 21,000 |   |
| Net      cash (used in) provided by financing activities                                                                                            |   |                                      | (258,470   | ) |   |   | 1,687,623 |   |
|                                                                                                                                                |   |                                      |       |   |   |   |   |   |
| Net      (decrease) in cash and cash equivalents                                                                                                    |   |                                      | (946,016   | ) |   |   | (2,892,846 | ) |
|                                                                                                                                                |   |                                      |       |   |   |   |   |   |
| Cash      and cash equivalents at beginning of period                                                                                               |   |                                      | 5,721,369  |   |   |   | 5,110,447 |   |
|                                                                                                                                                |   |                                      |       |   |   |   |   |   |
| Cash      and cash equivalents at end of period                                                                                                     |   | $                                         | 4,775,353  |   |   | $ | 2,217,601 |   |
|                                                                                                                                                |   |                                      |       |   |   |   |   |   |
|                                                                                                                                                |   |                                      |       |   |   |   |   |   |
| Supplemental      disclosure of cash flow information:                                                                                              |   |                                      |       |   |   |   |   |   |
| Income      taxes paid                                                                                                                              |   | $                                         | 62,975     |   |   | $ | 498,310 |   |
| Interest      paid                                                                                                                                  |   |                                      | 188,630    |   |   |   | 173,048 |   |
|                                                                                                                                                |   |                                      |       |   |   |   |   |   |

----

NOTES

----

----

----

|                                                                                |   | September 30, 2009          | December 31, 2008           |   |
|-------------------------------------------------------------------------------------|--------|-----------------------------|-----------------------------|--------|
|                                                                                |   | (Unaudited)                 |                        |   |
|                                                                                |   |                        |                        |   |
| Costs      incurred on uncompleted contracts                                        |   | $      4,580,249            |  $4,956,874            |   |
| Estimated      earnings                                                             |   |    4,646,374 |    4,068,641 |   |
|                                                                                |   |    9,226,623 |    9,025,515 |   |
| Billings      to date                                                               |   |   (3,410,192)     |   (5,052,982)     |   |
| Cost      and estimated earnings in excess ofbillings      on uncompleted contracts |   | $ 5,816,431                 |  $3,972,533            |   |
| Costs      incurred on uncompleted contracts                                        |   | $      4,580,249            |  $4,956,874            |   |

----

|                                                    |   | Three      Months Ended |                           |   | Nine      Months Ended |   |
|---------------------------------------------------------|--------|-------------------------|--------------------------------|--------|------------------------|--------|
|                                                    |   | September 30, 2009      |                           |   | September 30, 2009     |   |
|                                                    |   | As      Reported        |                           |   | **Pro      Forma       |   |   | Change |   |   | As      Reported |   |   | **      Pro Forma |   |   | Change |   |
| 3rd      Qtr Revenue                                    |   |                    | 3,556,782                      |   |                   |   | 3,420,791 |   |   |   | 135,991 |   |   |   |   |   |   |   |   |   |   |
| 9      Mths Revenue                                     |   |                    |                           |   |                   |   |   |   |   |   |   |   |   |   | 10,983,980 |   |   |   | 10,391,957 |   |   |   | 592,023 |   |
| Cost      of revenue                                    |   |                    | 2,123,899                      |   |                   |   | 2,123,899 |   |   |   | - |   |   |   | 7,493,649 |   |   |   | 7,493,649 |   |   |   | - |   |
| Gross      profit                                       |   |                    | 1,432,883                      |   |                   |   | 1,296,892 |   |   |   | 135,991 |   |   |   | 3,490,331 |   |   |   | 2,898,308 |   |   |   | 592,023 |   |
| Operating      income                                   |   |                    | 182,439                        |   |                   |   |  46,448 |   |   |   | 135,991 |   |   |   |  98,530 |   |   |   | (493,493 | ) |   |   | 592,023 |   |
| Net      income (loss)                                  |   |                    | 103,130                        |   |                   |   |  1,088 |   |   |   | 102,043 |   |   |   |  27,332 |   |   |   | (473,396 | ) |   |   | 500,728 |   |
| Basic      income (loss) per common share               |   |                    |    0.02              |   |                   |   |    0.00 |   |   |   |    0.02 |   |   |   |    0.01 |   |   |   | (0.10 | ) |   |   |    0.11 |   |
| Diluted      income (loss) per common share             |   |                    |    0.02              |   |                   |   |    0.00 |   |   |   |    0.02 |   |   |   |    0.01 |   |   |   | (0.10 | ) |   |   |    0.11 |   |
| Weighted      average common shares outstanding basic   |   |                    |     4,761,100        |   |                   |   |     4,761,100 |   |   |   |   |   |   |   |     4,760,503 |   |   |   |     4,760,503 |   |   |   |   |   |
| Weighted      average common shares outstanding diluted |   |                    |       4,806,946 |   |                   |   |       4,806,946 |   |   |   |   |   |   |   |       4,804,290 |   |   |   |       4,804,290 |   |   |   |   |   |

|                                               |   | September 30, 2009               |   | December 31, 2008                           |   |
|----------------------------------------------------|--------|---------------------------------------|--------|---------------------------------------------|--------|
|                                               |   | (Unaudited)                           |   |                                        |   |
|                                               |   |                                  |   |                                        |   |
|           Raw materials        |   | $1,681,988                            |   | $      1,396,960                            |   |
|           Work-in-process      |   |   1,373,595                 |   |    1,713,953                 |   |
|            Finished goods |   |      219,474 |   |       181,403 |   |
|                                               |   |                                  |   |                                        |   |
|                                               |   | $3,275,057                            |   | $ 3,292,316                                 |   |

----

|                   |   | September 30, 2009 |      |   | December 31, 2008 |   |
|------------------------|--------|--------------------|-----------|--------|-------------------|--------|
|                   |   |               |      |   | (Unaudited)       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Description            |   | Level (1)          |      |   | Level (2)         |   |   | Level (3) |   |   | Total |   |   | Level (1) |   |   | Level (2) |   |   | Level (3) |   |   | Total |   |
| Assets:                |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      equivalents  |   | $                  | 2,932,955 |   |              | $      | --- |   |   |   | --- |   |   | $ | 2,932,955 |   |   | $ | 5,321,190 |   |   | $ | --- |   |   |   | --- |   |   | $ | 5,321,190 |   |
|                   |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Liabilities |   | $                  | ---       |   |              | $      | --- |   |   | $ | --- |   |   | $ | --- |   |   | $ | --- |   |   | $ | --- |   |   | $ | --- |   |   | $ | --- |   |
|                   |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

----

|                                                         |   | Nine      Months Ended September 30, |    |   |
|--------------------------------------------------------------|--------|--------------------------------------|---------|--------|
|                                                         |   | 2009                                 |    |   | 2008 |   |   |
|                                                         |   | (Unaudited)                          |    |   | (Unaudited) |   |   |
| Current:                                                     |   |                                 |    |   |   |   |   |
| Federal                                                      |   | $                                    | (73,561 | )      |   | $ | (153,673 | ) |   |
| State                                                        |   |                                 | (17,235 | )      |   |   | (53,154 | ) |   |
|      Total      Current (Provision) |   |                                 | (90,796 | )      |   |   | (206,827 | ) |   |
| Deferred:                                                    |   |                                 |    |   |   |   |   |   |   |
| Federal                                                      |   |                                 | 131,368 |   |   |   | 137,436 |   |   |
| State                                                        |   |                                 | 25,932  |   |   |   | 571 |   |   |
|      Total      Deferred Benefit    |   | $                                    | 157,300 |   |   | $ | 138,007 |   |   |
| Income      tax Benefit (Provision)                          |   | $                                    | 66,504  |   |   | $ | (68,820 | ) |   |

----

|                                                                                              |   | Three      months ended September      30, |         |   | Nine      months ended September      30, |   |
|---------------------------------------------------------------------------------------------------|--------|-------------------------------------------------|--------------|--------|------------------------------------------------|--------|
|                                                                                              |   | 2009                                            |         |   | 2008                                           |   |   | 2009 |   |   | 2008 |   |
| Numerator:                                                                                        |   |                                            |         |   |                                           |   |   |   |   |   |   |   |
| Net      income used in calculation of basic and diluted earnings per      share                  |   | $                                               | 103,130      |   |                                           | $      | 129,055 |   |   | $ | 27,332 |   |   | $ | 155,433 |   |
|                                                                                              |   |                                            |         |   |                                           |   |   |   |   |   |   |   |   |   |   |   |
| Denominator:                                                                                      |   |                                            |         |   |                                           |   |   |   |   |   |   |   |   |   |   |   |
| Weighted-average      common shares outstanding                                                   |   |                                            |         |   |                                           |   |   |   |   |   |   |   |   |   |   |   |
| Used      in calculation of basic earnings per share                                              |   |                                            | 4,761,100    |   |                                           |   | 4,734,717 |   |   |   | 4,760,503 |   |   |   | 4,733,416 |   |
| Effect      of dilutive securities:                                                               |   |                                            |         |   |                                           |   |   |   |   |   |   |   |   |   |   |   |
| Stock      options and equivalents                                                                |   |                                            | 45,846  |   |                                           |   | 50,463 |   |   |   | 43,787 |   |   |   | 36,647 |   |
| Weighted-average      common shares used in calculation of diluted                                |   |                                            |         |   |                                           |   |   |   |   |   |   |   |   |   |   |   |
| earnings      per share                                                                           |   |                                            | 4,806,946    |   |                                           |   | 4,785,180 |   |   |   | 4,804,290 |   |   |   | 4,770,063 |   |
|                                                                                              |   |                                            |         |   |                                           |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                              |   |                                            |         |   |                                           |   |   |   |   |   |   |   |   |   |   |   |
| Net      income per share:                                                                        |   |                                            |         |   |                                           |   |   |   |   |   |   |   |   |   |   |   |
|                Basic   |   | $                                               | 0.02         |   |                                           | $      | 0.03 |   |   | $ | 0.01 |   |   | $ | 0.03 |   |
|                Diluted |   | $                                               | 0.02         |   |                                           | $      | 0.03 |   |   | $ | 0.01 |   |   | $ | 0.03 |   |

----

|                 |   |   |      |   |   |   |      |         |   |   |          |   |   |         |     |
|----------------------|--------|--------|-----------|--------|--------|--------|-----------|--------------|--------|--------|---------------|--------|--------|--------------|----------|
| 2009                 |   | CVD    |      |   | SDC    |   |      | Conceptronic |   |   | Eliminations* |   |   | Consolidated |     |
| Revenue              |   | $      | 8,490,954 |   |   | $      | 2,191,730 |         |   | $      | 697,651       |   |   | $            | (396,355 | ) |   | $ | 10,983,980 |   |
| Pretax      earnings |   |   | 471,546   |   |   |   | (303,604  | )            |   |   | (207,114      | )      |   |         |     |   |   |   | (      39,172 | ) |
| 2008                 |   |   |      |   |   |   |      |         |   |   |          |   |   |         |     |   |   |   |   |   |
| Revenue              |   | $      | 8,087,216 |   |   | $      | 3,583,107 |         |   | $      | 2,068,886     |   |   | $            | (542,896 | ) |   | $ | 13,196,313 |   |
| Pretax      earnings |   |   | 243,028   |   |   |   | 242,459   |         |   |   | (261,234      | )      |   |         |     |   |   |   | 224,253 |   |

----

Item2.

----

|                                                    |   | Three      Months Ended |                           |   | Nine      Months Ended |   |
|---------------------------------------------------------|--------|-------------------------|--------------------------------|--------|------------------------|--------|
|                                                    |   | September 30, 2009      |                           |   | September 30, 2009     |   |
|                                                    |   | As      Reported        |                           |   | **Pro Forma       |   |   | Change |   |   | As      Reported |   |   | **Pro      Forma |   |   | Change |   |
| 3rd      Qtr Revenue                                    |   |                    | 3,556,782                      |   |                   |   | 3,420,791 |   |   |   | 135,991 |   |   |   |   |   |   |   |   |   |   |
| 9      Mths Revenue                                     |   |                    |                           |   |                   |   |   |   |   |   |   |   |   |   | 10,983,980 |   |   |   | 10,391,957 |   |   |   | 592,023 |   |
| Cost      of revenue                                    |   |                    | 2,123,899                      |   |                   |   | 2,123,899 |   |   |   | - |   |   |   | 7,493,649 |   |   |   | 7,493,649 |   |   |   | - |   |
| Gross      profit                                       |   |                    | 1,432,883                      |   |                   |   | 1,296,892 |   |   |   | 135,991 |   |   |   | 3,490,331 |   |   |   | 2,898,308 |   |   |   | 592,023 |   |
| Operating      income                                   |   |                    |  182,439                  |   |                   |   |  46,448 |   |   |   | 135,991 |   |   |   |  98,530 |   |   |   | (493,493 | ) |   |   |  592,023 |   |
| Net      income (loss)                                  |   |                    |  103,130                  |   |                   |   |  1,088 |   |   |   | 102,043 |   |   |   |  27,332 |   |   |   | (473,396 | ) |   |   |  500,728 |   |
| Basic      income (loss) per common share               |   |                    |    0.02              |   |                   |   |    0.00 |   |   |   |    0.02 |   |   |   |    0.01 |   |   |   | (0.10 | ) |   |   |    0.11 |   |
| Diluted      income (loss) per common share             |   |                    |    0.02              |   |                   |   |    0.00 |   |   |   |    0.02 |   |   |   |    0.01 |   |   |   | (0.10 | ) |   |   |    0.11 |   |
| Weighted      average common shares outstanding basic   |   |                    |     4,761,100        |   |                   |   |     4,761,100 |   |   |   |   |   |   |   |     4,760,503 |   |   |   |     4,760,503 |   |   |   |   |   |
| Weighted      average common shares outstanding diluted |   |                    |       4,806,946 |   |                   |   |       4,806,946 |   |   |   |   |   |   |   |       4,804,290 |   |   |   |       4,804,290 |   |   |   |   |   |

----

----

----

----

Item3.

Item4T.

----

PART II

Item 1.

Item 1A.

Item 2.

Item 3

Item 4.

Item 5

Item 6.

----

| 31.1     | Certification      of Chief Executive Officer – pursuant to Rule 13a-14(a) of the      Exchange Act. |
|------------------------------|-----------------------------------------------------------------------------------------------------------------|

| 31.2          | Certification      of Chief Financial Officer – pursuant to Rule 13a-14(a) of the Exchange      Act. |
|------------------------------|------------------------------------------------------------------------------------------------------------|

| 32.1          | Certification      of Chief Executive Officer pursuant to U.S.C. Section      1350 |
|------------------------------|----------------------------------------------------------------------------------------------|

| 32.2          | Certification      of Chief Financial Officer pursuant to U.S.C. Section  1350 |
|------------------------------|--------------------------------------------------------------------------------|

----

SIGNATURE

|   | CVD      EQUIPMENT CORPORATION                                               |   |
|--------|------------------------------------------------------------------------------|--------|
|   |                                                                         |   |
|   | By:      /s/ Leonard A.    Rosenbaum                                         |   |
|   |        Leonard      A. Rosenbaum          |   |
|   |        Chief      Executive Officer       |   |
|   |        (Principal      Executive Officer) |   |
|   |                                                                         |   |
|   |                                                                         |   |
|   | By:      /s/ Glen R. Charles                                                 |   |
|   |       Glen      R. Charles                     |   |
|   |       Chief      Financial Officer             |   |
|   |      (Principal      Financial and                  |   |
|   |        Accounting      Officer)           |   |
|   |                                                                         |   |
|   |                                                                         |   |

----

EXHIBIT INDEX

| EXHIBITNUMBER |                                 DESCRIPTION |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|          |                                                                                                                                                                                                        |
| 31.1          | Certification      of Chief Executive Officer *                                                                                                                                                             |
|          |                                                                                                                                                                                                        |
| 31.2          | Certification      of Chief Financial Officer *                                                                                                                                                             |
|          |                                                                                                                                                                                                        |
| 32.1          | Certification      of Chief Executive Officer pursuant to U.S.C. Section 1350    *                                                                                                                          |
|          |                                                                                                                                                                                                        |
| 32.2          | Certification      of Chief Financial Officer pursuant to U.S.C. Section 1350    *                                                                                                                          |