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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,6581,9012,2351,6211,1931,308763
Cash and cash equivalents8,6581,9012,2351,6211,1931,308763
Restricted cash and investments1,150      
Receivables2,7132,5512,7652,9653,2192,3271,575
Deferred tax assets  355383840
Other undisclosed current assets455434404331444196159
Total current assets:12,9774,8865,4045,2724,8943,8702,537
Noncurrent Assets
Operating lease, right-of-use asset699
Property, plant and equipment713688568466425295242
Intangible assets, net (including goodwill)3,4984,8393,0412,8322,973865688
Goodwill89188540140140156 
Intangible assets, net (excluding goodwill)2,6073,9542,6402,4312,572809688
Deferred income tax assets874
Other noncurrent assets192403629302723
Deferred tax assets, net1,2921,3632,060162 80
Total noncurrent assets:5,9766,8595,0085,3873,5901,1871,033
TOTAL ASSETS:18,95311,74410,41210,6598,4845,0573,570
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,8193,8483,2792,8392,6812,2781,836
Accounts payable2,2112,0282,0941,8221,5941,394 
Accrued liabilities1,1901,7851,072824822794 
Taxes payable152209717725076 
Interest and dividends payable2,2661516161515 
Other undisclosed accounts payable and accrued liabilities      1,836
Deferred revenue2,007
Debt394514352401390240229
Due to related parties      3
Business combination, contingent consideration, liability 2363180128 
Deferred revenue and credits2,1511,6902,3702,2151,716
Customer advances and deposits   1,606
Other undisclosed current liabilities4401,849   (1,606)33
Total current liabilities:8,6596,2335,8465,1105,5694,7333,816
Noncurrent Liabilities
Long-term debt and lease obligation5011,177297547886310153
Long-term debt, excluding current maturities641,068229486793243105
Capital lease obligations1096960926749
Operating lease, liability437
Liabilities, other than long-term debt  4232272  
Business combination, contingent consideration, liability  4232272 
Other undisclosed noncurrent liabilities898   200  
Total noncurrent liabilities:1,3991,1773395781,358310153
Total liabilities:10,0597,4106,1855,6896,9275,0433,970
Stockholders' equity
Stockholders' equity attributable to parent8,8954,3344,2274,9711,55614(401)
Common stock000000 
Additional paid in capital9,53011,76411,91912,17712,19811,03010,808
Accumulated deficit(636)(7,430)(7,692)(7,206)(10,642)(11,016)(11,209)
Other undisclosed stockholders' equity 000 01
Total stockholders' equity:8,8954,3344,2274,9711,55614(400)
TOTAL LIABILITIES AND EQUITY:18,95311,74410,41210,6598,4845,0573,570

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues38,50241,00034,85234,12227,64221,46417,400
Revenue, net34,85234,12227,64221,46417,400
Cost of revenue(23,824)(24,080)(20,987)(21,395)(16,798)(12,891)(10,650)
Cost of goods and services sold  (20,987)(21,395)(16,798)(12,891)(10,650)
Gross profit:14,67816,92013,86512,72710,8448,5736,750
Operating expenses(16,586)(16,508)(12,926)(11,460)(10,486)(8,102)(6,492)
Operating income (loss):(1,907)4139391,267358471259
Nonoperating income (expense)(16)(42)(32)(55)77(60)(56)
Investment income, nonoperating10,307      
Income (loss) from continuing operations before income taxes:(1,923)3719081,213434411203
Income tax expense (benefit)455(109)(1,394)2,224(60)(218)120
Income (loss) from continuing operations:(1,468)262(486)3,436374193323
Income from discontinued operations8,262      
Net income (loss) attributable to parent:6,794262(486)3,436374193323
Other undisclosed net loss available to common stockholders, basic(8,262)      
Net income (loss) available to common stockholders, basic:(1,468)262(486)3,436374193323
Dilutive securities, effect on basic earnings per share 13     
Net income (loss) available to common stockholders, diluted:(1,468)276(486)3,436374193323

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):6,794262(486)3,436374193323
Comprehensive income (loss), net of tax, attributable to parent:6,794262(486)3,436374193323

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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