SilverSun Technologies, Inc. (SSNT) financial statements (2021 and earlier)

Company profile

Business Address 120 EAGLE ROCK AVE
EAST HANOVER, NJ 07936
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,5957,0736,8596,4818,65810,722528
Cash and cash equivalents6,5957,0736,8596,4818,65810,722528
Restricted cash and investments  5755751,1501,150 
Receivables1,6322,6092,6283,4032,7133,0963,875
Other undisclosed current assets401314295383455384416
Total current assets:8,6299,99610,35710,84212,97715,3514,818
Noncurrent Assets
Operating lease, right-of-use asset1,3741,4141,3761,489699771843
Property, plant and equipment523570626675713753843
Intangible assets, net (including goodwill)4,1383,7243,3143,4063,4983,5944,978
Goodwill1,012891891891891891885
Intangible assets, net (excluding goodwill)3,1262,8332,4232,5152,6072,7034,093
Deferred income tax assets1,0391,2681,1261,137874  
Other noncurrent assets1991991921921924242
Other undisclosed noncurrent assets     1,2181,268
Total noncurrent assets:7,2737,1756,6346,9005,9766,3777,974
TOTAL ASSETS:15,90117,17016,99117,74218,95321,72912,792
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5453,7833,4363,2045,8195,1822,821
Accounts payable1,8751,8931,6121,8012,2112,1801,703
Accrued liabilities1,3311,4101,4821,0621,1901,2191,080
Taxes payable3184643253251521,76823
Interest and dividends payable211616162,2661515
Deferred revenue2,0391,8782,3183,0672,0071,9772,843
Debt54516269101394874905
Other undisclosed current liabilities600889851872440  
Total current liabilities:6,7296,7116,6747,2438,6598,0346,569
Noncurrent Liabilities
Long-term debt and lease obligation1,3951,1599761,0945011,5851,785
Long-term debt, excluding current maturities503227354964866960
Finance lease, liability     217257
Operating lease, liability8929339411,045437502568
Other undisclosed noncurrent liabilities(395)(335)(243)(247)898  
Total noncurrent liabilities:1,0001,7571,6741,8921,3991,5851,785
Total liabilities:8,6218,4698,3489,13610,0599,6198,354
Stockholders' equity
Stockholders' equity attributable to parent7,2808,7018,6438,6068,89512,1104,437
Common stock0000000
Additional paid in capital7,7409,5409,5379,5349,53011,77711,774
Retained earnings (accumulated deficit)(460)(839)(894)(928)(636)332(7,337)
Other undisclosed stockholders' equity      0
Total stockholders' equity:7,2808,7018,6438,6068,89512,1104,437
TOTAL LIABILITIES AND EQUITY:15,90117,17016,99117,74218,95321,72912,792

Income statement (P&L) ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues11,30910,1599,67310,0809,96810,10810,426
Cost of revenue(6,573)(6,107)(5,734)(6,227)(6,245)(6,407)(6,164)
Gross profit:4,7364,0523,9393,8523,7233,7014,262
Operating expenses(4,256)(3,961)(3,891)(4,247)(4,123)(4,651)(4,240)
Operating income (loss):4809147(395)(400)(950)22
Nonoperating income (expense)(7)(4)(3)13241(24)
Investment income, nonoperating    16310,144 
Income (loss) from continuing operations before income taxes:4738745(382)(375)(950)(2)
Income tax expense (benefit)(94)(31)(11)90  (1)
Other undisclosed income from continuing operations    455  
Income (loss) from continuing operations:3795534(292)80(950)(3)
Income (loss) from discontinued operations    (1,048)8,619 
Net income (loss) attributable to parent:3795534(292)(968)7,669(3)
Other undisclosed net income (loss) available to common stockholders, basic    1,048(8,619) 
Net income (loss) available to common stockholders, basic:3795534(292)80(950)(3)
Interest on convertible debt 45    
Net income (loss) available to common stockholders, diluted:3795938(292)80(950)(3)

Comprehensive Income ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):3795534(292)(968)7,669(3)
Comprehensive income (loss), net of tax, attributable to parent:3795534(292)(968)7,669(3)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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