v3.23.3

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
Statements of Operations (Unaudited) - USD ($)	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Revenues:
Product sales	$ 6,285,041	$ 6,748,117	$ 20,803,447	$ 20,471,574
Total Revenues	6,285,041	6,748,117	20,803,447	20,471,574
Cost of product sales	5,049,177	4,864,876	15,126,621	14,796,206
Gross Profit	1,235,864	1,883,241	5,676,826	5,675,368
Selling, general and administrative expense	1,105,227	1,174,581	4,121,099	3,750,131
Operating income	130,637	708,660	1,555,727	1,925,237
Interest income (expense), net	78,181	(1,892)	176,325	(6,245)
Other income (expense), net	(1,228)	645,594	(4,130)	649,628
Net income before income tax expense	207,590	1,352,362	1,727,922	2,568,620
Income tax provision	36,509	364,497	497,137	706,211
Net income	$ 171,081	$ 987,865	$ 1,230,785	$ 1,862,409
Net income per basic common share (in dollars per share)	$ 0.01	$ 0.07	$ 0.08	$ 0.13
Weighted average number of basic common shares outstanding (in shares)	14,517,364	14,434,468	14,487,873	14,417,995
Net income per diluted common share (in dollars per share)	$ 0.01	$ 0.07	$ 0.08	$ 0.13
Weighted average number of diluted common shares outstanding (in shares)	14,636,241	14,686,476	14,632,591	14,683,632

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

CPS TECHNOLOGIES CORP/DE/ 10-Q