SilverSun Technologies, Inc. (SSNT) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,8146,5958,6581,9012,2351,6211,193
Cash and cash equivalents6,8146,5958,6581,9012,2351,6211,193
Restricted cash and investments  1,150    
Receivables2,2111,6322,7132,5512,7652,9653,219
Deferred tax assets  35538
Other undisclosed current assets1,686401455434404331444
Total current assets:10,7118,62912,9774,8865,4045,2724,894
Noncurrent Assets
Operating lease, right-of-use asset9651,374699
Property, plant and equipment637523713688568466425
Intangible assets, net (including goodwill)4,5044,1383,4984,8393,0412,8322,973
Goodwill1,0121,012891885401401401
Intangible assets, net (excluding goodwill)3,4923,1262,6073,9542,6402,4312,572
Deferred income tax assets9911,039874
Other noncurrent assets19119919240362930
Deferred tax assets, net1,2921,3632,060162
Total noncurrent assets:7,2887,2735,9766,8595,0085,3873,590
TOTAL ASSETS:17,99915,90118,95311,74410,41210,6598,484
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8803,5455,8193,8483,2792,8392,681
Accounts payable2,0381,8752,2112,0282,0941,8221,594
Accrued liabilities1,7431,3311,1901,7851,072824822
Taxes payable703181522097177250
Interest and dividends payable29212,26615161615
Deferred revenue2,4762,0392,007
Debt402545394514352401390
Due to related parties108      
Business combination, contingent consideration, liability   2363180128
Deferred revenue and credits2,1511,6902,370
Other undisclosed current liabilities5246004401,849   
Total current liabilities:7,3906,7298,6596,2335,8465,1105,569
Noncurrent Liabilities
Long-term debt and lease obligation1,1491,3955011,177297547886
Long-term debt, excluding current maturities464503641,068229486793
Finance lease, liability186  
Capital lease obligations109696092
Operating lease, liability499892437
Liabilities, other than long-term debt103   4232272
Due to related parties103      
Business combination, contingent consideration, liability    4232272
Other undisclosed noncurrent liabilities (395)898   200
Total noncurrent liabilities:1,2521,8921,3991,1773395781,358
Total liabilities:8,6428,62110,0597,4106,1855,6896,927
Stockholders' equity
Stockholders' equity attributable to parent9,3577,2808,8954,3344,2274,9711,556
Common stock0000000
Additional paid in capital9,9517,7409,53011,76411,91912,17712,198
Accumulated deficit(594)(460)(636)(7,430)(7,692)(7,206)(10,642)
Other undisclosed stockholders' equity   000 
Total stockholders' equity:9,3577,2808,8954,3344,2274,9711,556
TOTAL LIABILITIES AND EQUITY:17,99915,90118,95311,74410,41210,6598,484

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues41,70141,22038,50241,00034,85234,12227,642
Revenue, net34,85234,12227,642
Cost of revenue(24,493)(24,641)(23,824)(24,080)(20,987)(21,395)(16,798)
Cost of goods and services sold    (20,987)(21,395)(16,798)
Gross profit:17,20816,57914,67816,92013,86512,72710,844
Operating expenses(17,439)(16,356)(16,586)(16,508)(12,926)(11,460)(10,486)
Operating income (loss):(231)223(1,907)4139391,267358
Nonoperating income (expense)275(0)(16)(42)(32)(55)77
Investment income, nonoperating321 10,307    
Income (loss) from continuing operations before income taxes:44223(1,923)3719081,213434
Income tax expense (benefit)(178)(47)455(109)(1,394)2,224(60)
Income (loss) from continuing operations:(134)176(1,468)262(486)3,436374
Income from discontinued operations  8,262    
Net income (loss) attributable to parent:(134)1766,794262(486)3,436374
Other undisclosed net loss available to common stockholders, basic  (8,262)    
Net income (loss) available to common stockholders, basic:(134)176(1,468)262(486)3,436374
Dilutive securities, effect on basic earnings per share   13   
Net income (loss) available to common stockholders, diluted:(134)176(1,468)276(486)3,436374

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(134)1766,794262(486)3,436374
Comprehensive income (loss), net of tax, attributable to parent:(134)1766,794262(486)3,436374

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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