v3.23.2

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
Statements of Operations (Unaudited) - USD ($)	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Revenues:
Product sales	$ 7,418,138	$ 7,070,743	$ 14,518,405	$ 13,723,457
Total revenues	7,418,138	7,070,743	14,518,405	13,723,457
Cost of product sales	5,221,880	5,242,106	10,077,444	9,931,330
Gross Margin	2,196,259	1,828,637	4,440,961	3,792,127
Selling, general, and administrative expense	1,465,349	1,159,157	3,015,871	2,575,550
Income from operations	730,910	669,480	1,425,090	1,216,577
Interest income (expense), net	79,652	1,594	95,242	(319)
Net income before income tax	810,562	671,074	1,520,332	1,216,258
Income tax provision	210,058	215,966	460,628	341,714
Net income	$ 600,503	$ 455,108	$ 1,059,704	$ 874,544
Net income per basic common share (in dollars per share)	$ 0.04	$ 0.03	$ 0.07	$ 0.06
Weighted average number of basic common shares outstanding (in shares)	14,493,970	14,431,825	14,473,128	14,410,064
Net income per diluted common share (in dollars per share)	$ 0.04	$ 0.03	$ 0.07	$ 0.06
Weighted average number of diluted common shares outstanding (in shares)	14,621,929	14,708,646	14,630,765	14,682,516

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