NOTE
1: BASIS
OF PRESENTATION
The
accompanying unaudited financial statements for CVD Equipment
Corporation and Subsidiary (collectively “the
Company”) have been prepared in accordance with
accounting principles generally accepted in the United States
of America for interim financial information and with the
instructions to Form 10-Q and Article 8 of Regulation S-X.
They do not include all of the information and footnotes
required by accounting principles generally accepted in the
United States of America for complete financial statements.
In the opinion of management, all adjustments (consisting of
normal recurring accruals) considered necessary in order to
make the interim financials not misleading have been included
and all such adjustments are of a normal recurring nature.
The operating results for the three months ended March 31,
2012 are not necessarily indicative of the results that can
be expected for the year ending December 31, 2012.
The
balance sheet as of December 31, 2011 has been derived from
the audited financial statements at such date, but does not
include all of the information and footnotes required by
accounting principles generally accepted in the United
States of America for complete financial statements. For
further information, please refer to the consolidated
financial statements and notes thereto included in the
Company’s Annual Report on Form 10-K for the year
ended December 31, 2011, including the accounting policies
followed by the Company as set forth in Note 2 to the
consolidated financial statements contained
therein.
All
material intercompany transactions have been eliminated in
consolidation. In addition, certain reclassifications have
been made to prior period financial statements to conform to
the current year presentation.
Subsequent
events have been evaluated through the filing date of this
Quarterly Report on Form 10-Q.
Free historical financial statements for CVD Equipment Corp..
See how revenue, income, cash flow, and balance sheet financials have changed over 51 quarters since 2012. Compare with CVV stock chart to see long term trends.
Data imported from CVD Equipment Corp. SEC filings. Check original filings before making any investment decision.