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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,5958,6581,9012,2351,6211,1931,308
Cash and cash equivalents6,5958,6581,9012,2351,6211,1931,308
Restricted cash and investments 1,150     
Receivables1,6322,7132,5512,7652,9653,2192,327
Deferred tax assets  3553838
Other undisclosed current assets401455434404331444196
Total current assets:8,62912,9774,8865,4045,2724,8943,870
Noncurrent Assets
Operating lease, right-of-use asset1,374699
Property, plant and equipment523713688568466425295
Intangible assets, net (including goodwill)4,1383,4984,8393,0412,8322,973865
Goodwill1,01289188540140140156
Intangible assets, net (excluding goodwill)3,1262,6073,9542,6402,4312,572809
Deferred income tax assets1,039874
Other noncurrent assets1991924036293027
Deferred tax assets, net1,2921,3632,060162 
Total noncurrent assets:7,2735,9766,8595,0085,3873,5901,187
TOTAL ASSETS:15,90118,95311,74410,41210,6598,4845,057
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5455,8193,8483,2792,8392,6812,278
Accounts payable1,8752,2112,0282,0941,8221,5941,394
Accrued liabilities1,3311,1901,7851,072824822794
Taxes payable318152209717725076
Interest and dividends payable212,2661516161515
Deferred revenue2,0392,007
Debt545394514352401390240
Business combination, contingent consideration, liability  2363180128 
Deferred revenue and credits2,1511,6902,3702,215
Customer advances and deposits   1,606
Other undisclosed current liabilities6004401,849   (1,606)
Total current liabilities:6,7298,6596,2335,8465,1105,5694,733
Noncurrent Liabilities
Long-term debt and lease obligation1,3955011,177297547886310
Long-term debt, excluding current maturities503641,068229486793243
Capital lease obligations10969609267
Operating lease, liability892437
Liabilities, other than long-term debt   4232272 
Business combination, contingent consideration, liability   4232272 
Other undisclosed noncurrent liabilities(395)898   200 
Total noncurrent liabilities:1,8921,3991,1773395781,358310
Total liabilities:8,62110,0597,4106,1855,6896,9275,043
Stockholders' equity
Stockholders' equity attributable to parent7,2808,8954,3344,2274,9711,55614
Common stock0000000
Additional paid in capital7,7409,53011,76411,91912,17712,19811,030
Accumulated deficit(460)(636)(7,430)(7,692)(7,206)(10,642)(11,016)
Other undisclosed stockholders' equity  000 0
Total stockholders' equity:7,2808,8954,3344,2274,9711,55614
TOTAL LIABILITIES AND EQUITY:15,90118,95311,74410,41210,6598,4845,057

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues41,22038,50241,00034,85234,12227,64221,464
Revenue, net34,85234,12227,64221,464
Cost of revenue(24,641)(23,824)(24,080)(20,987)(21,395)(16,798)(12,891)
Cost of goods and services sold   (20,987)(21,395)(16,798)(12,891)
Gross profit:16,57914,67816,92013,86512,72710,8448,573
Operating expenses(16,356)(16,586)(16,508)(12,926)(11,460)(10,486)(8,102)
Operating income (loss):223(1,907)4139391,267358471
Nonoperating income (expense)(0)(16)(42)(32)(55)77(60)
Investment income, nonoperating 10,307     
Income (loss) from continuing operations before income taxes:223(1,923)3719081,213434411
Income tax expense (benefit)(47)455(109)(1,394)2,224(60)(218)
Income (loss) from continuing operations:176(1,468)262(486)3,436374193
Income from discontinued operations 8,262     
Net income (loss) attributable to parent:1766,794262(486)3,436374193
Other undisclosed net loss available to common stockholders, basic (8,262)     
Net income (loss) available to common stockholders, basic:176(1,468)262(486)3,436374193
Dilutive securities, effect on basic earnings per share  13    
Net income (loss) available to common stockholders, diluted:176(1,468)276(486)3,436374193

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1766,794262(486)3,436374193
Comprehensive income (loss), net of tax, attributable to parent:1766,794262(486)3,436374193

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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