CVD EQUIPMENT CORP - FORM 8-K/A - EX-99.2 - EXHIBIT 99.2

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EX-99.3 - EXHIBIT 99.3 - CVD EQUIPMENT CORP	ex_102931.htm
EX-99.1 - EXHIBIT 99.1 - CVD EQUIPMENT CORP	ex_102897.htm
8-K/A - FORM 8-K/A - CVD EQUIPMENT CORP	cvv20180111_8ka.htm

Exhibit 99.2

Mesoscribe Technologies, Inc.

Balance Sheet

As of June 30, 2017

	2017
ASSETS
Current Assets
Cash and cash equivalents	$	303,684
Accounts receivable, net		70,689
Inventory		95,579
Accrued revenue		94,000
Deferred tax asset		231,660
Prepaid corporate taxes		82,836
Prepaid expenses		30,169
Total Current Assets		908,617


Property and equipment, net		92,367

Goodwill		100,000
Patents, net		28,117
Security deposit		36,072
Total Assets	$	1,165,173


LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Accounts payable	$	3,010
Accrued expenses		109,438
Deferred income taxes		4,126
Total Current Liabilities		116,574

Shareholder loan		20,743
Total Liabilities		137,317

Stockholders’ Equity:
Common stock - $0.01 par value – 20,000,000 shares authorized at June 30, 2017 and September 30, 2016: issued and outstanding 10,500,000 at
June 30, 2017 and at September 30, 2016		10,500
Additional paid-in capital		16,109
Retained earnings		1,001,247
Total Stockholders’ Equity		1,027,856

Total Liabilities and Stockholders’ Equity	$	1,165,173

Mesoscribe Technologies, Inc.

Statement of Operations and Retained Earnings

For the Three and Nine Months Ended June 30, 2017

	Three months			Nine months
	Ended June 30, 2017			Ended June 30, 2017

Revenue	$	181,061		$	640,252

Cost of revenue		73,324			276,476

Gross profit		107,737			363,775

General and Administrative expenses		213,184			615,491

Total General and Administrative Expenses		213,184			615,491

Operating (loss)		(105,447	)		(251,716	)

Other income (expense):
Interest income		45			145
Deferred tax income		42,015			100,709
Penalties		(70	)		(147	)
Total other (expense)/income net		41,989			100,706

(Loss) before income tax expense		(63,459	)		(151,010	)

Income tax expense		---			1,100

Net (loss)	$	(63,459	)	$	(152,110	)

Retained Earnings, Beginning of year		1,064,706			1,153,357

Retained Earnings, End of year		1,001,247			1,001,247

Mesoscribe Technologies, Inc.

Statements of Cash Flows

For the Three and Nine Months ended June 30, 2017

	Three Months			Nine Months
	Ended June 30,			Ended June 30,
	2017			2017
Cash flows from operating activities:
Net (loss)	$	(63,459	)	$	(152,110	)
Adjustments to reconcile net (loss)/income to net cash used in operating activities
Depreciation and amortization		7,784			23,352
Deferred income tax benefit		(39,437	)		(93,143	)
Increase/(decrease) in operating assets
Accounts receivable		37,984			167,411
Inventory, net		(512	)		(2,145	)
Accrued revenue		(94,000	)		(94,000	)
Other current assets		(10,367	)		(18,708	)
Increase/(decrease) in operating liabilities
Accounts payable		72			(986	)
Accrued expenses		5,050			(16,709	)
Accrued litigation settlement		---
Deferred revenue		---			(96,759	)
Total adjustments		(93,426	)		(131,687	)
Net cash used in operating activities		(156,885	)		(283,797	)

Cash flows from investing activities:
Capital expenditures		---			2,483
Net cash (used in) investing activities		---			2,483

Cash flows from financing activities
Net cash provided by/(used in) financing activities		---			---

Net (decrease)/increase in cash		(156,885	)		(281,314	)

Cash – Beginning of year		460,570			584,999

Cash – End of year	$	303,684		$	303,684

Supplemental disclosure of cash flow information
Interest expenses		---			---
Income taxes		---			1,100

CVD EQUIPMENT CORP - FORM 8-K/A - EX-99.2 - EXHIBIT 99.2 - January 16, 2018