SilverSun Technologies, Inc. company info

CIK 1236275
IRS Number 161633636
State of incorporation DE
Business address 120 EAGLE ROCK AVE
None
EAST HANOVER
NJ
07936
Mail address 120 EAGLE ROCK AVE
None
EAST HANOVER
NJ
07936

Short summary

SilverSun Technologies, Inc. is a New Jersey company, with head office located at 120 Eagle Rock Ave East Hanover, New Jersey 07936. In 2017 the company owned a total of 10.92 million USD worth of assets, including 5.88 million USD worth of current assets. The company amassed the most assets last year, totalling up to 10.92 million USD. The company net sales last year amounted to 34.85 million USD, which means a 2.14% increase when compared to 2016.

SilverSun Technologies, Inc. Income Statement

Name [in Millions USD]200920102011201220132014201520162017Trends
Revenue, Net 7.4910.5213.1817.4021.4627.6434.1234.85
Gross Profit 2.874.505.336.758.5710.8412.7313.87
Selling, General and Administrative Expense 4.246.51
Operating Expenses 3.814.246.516.498.1010.4911.4612.93
Operating Income (Loss) -0.940.26-1.180.260.470.361.270.94
Income Tax Expense (Benefit) 000-0.120.220.06-2.221.39
Net income -0.472.62-1.24

SilverSun Technologies, Inc. Balance Sheet

Name [in Millions USD]200920102011201220132014201520162017Trends
Cash and cash equivalents 0.180.480.180.060.942.060.671.541.81
Accounts Receivable, Net, Current 0.731.291.241.792.102.882.543.02
Inventories 0.020.01
Property, Plant and Equipment, Gross 0.730.941.051.211.721.982.15
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 0.550.610.710.850.911.191.431.64
Goodwill 0.060.400.400.40
Intangible Assets, Net (Excluding Goodwill) 0.890.790.930.812.432.522.74
Other Assets, Noncurrent 0.060.040.020.030.030.030.030.04
Total assets 1.682.632.584.565.068.3210.7610.92
Current assets 1.481.531.503.363.874.425.015.88
Accounts payable 1.391.591.462.29
Taxes Payable, Current 0.080.580.180.10
Total current liabilities 3.624.344.735.415.146.32
Long-term Debt, Excluding Current Maturities 0.300.240.640.350.18
Long-term Debt 1.140.640.37
Total liabilities 2.473.383.184.675.046.395.616.58
Common Stock, Value, Issued 0.000.000.000.00
Retained Earnings (Accumulated Deficit) -10.18-11.34-11.35-11.03-11.02-10.02-6.93-7.63

SilverSun Technologies, Inc. Cash Flow

Name [in Millions USD]200920102011201220132014201520162017Trends
Net income -0.472.62-1.24
Depreciation and amortization 0.080.100.200.30
Depreciation 0.100.090.11
Amortization of Intangible Assets 00.100.200.240.320.450.36
Depreciation and amortization 0.080.100.090.110.120.170.230.26
Deferred Income Tax Expense (Benefit) -0.120.12-0.16-2.211.05
Accounts receivable 0.200.390.670.070.570.270.02-0.12
Inventories -0.020.00
Accounts payable 0.23-0.180.230.27
Deferred revenue 0.310.530.040.360.500.10-0.680.46
Net Cash Provided by (Used in) Operating Activities -0.040.910.390.740.990.131.792.31
Payments to Acquire Property, Plant, and Equipment 0.030.040.100.030.080.070.180.24
Payments to Acquire Intangible Assets 0.06
Net Cash Provided by (Used in) Investing Activities -0.03-0.04-0.74-0.03-0.15-0.64-0.50-0.82
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.22
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.22
Net Cash Provided by (Used in) Financing Activities -0.13-0.740.120.05-0.290.40-0.87-0.88
Cash and Cash Equivalents, Period Increase (Decrease) -0.200.13-0.230.760.55-0.120.430.61