SilverSun Technologies, Inc.

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 11.85 million USD worth of assets, including 4.96 million USD worth of current assets. The company amassed the most assets last year, totalling up to 11.85 million USD. The company net sales last year amounted to 34.85 million USD, which means a 2.14% increase when compared to 2016.

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SilverSun Technologies, Inc. Income Statement

Name [in Millions USD]	2010	2011	2012	2013	2014	2015	2016	2017
Revenue, Net	7.49	10.52	13.18	17.40	21.46	27.64	34.12	34.85
Gross Profit	2.87	4.50	5.33	6.75	8.57	10.84	12.73	13.87
Selling, General and Administrative Expense		4.24	6.51
Operating Expenses	3.81	4.24	6.51	6.49	8.10	10.49	11.46	12.93
Operating Income (Loss)	-0.94	0.26	-1.18	0.26	0.47	0.36	1.27	0.94
Income Tax Expense (Benefit)	0	0		-0.12	0.22	0.06	-2.22	1.39
Net income	-0.47	2.62	-1.24

SilverSun Technologies, Inc. Balance Sheet

Name [in Millions USD]	2009	2010	2011	2012	2013	2014	2015	2016	2017
Cash and cash equivalents	0.18	0.48	0.18	0.06	0.94	2.06	0.67	1.54	1.15
Accounts Receivable, Net, Current		0.73	1.29	1.24	1.79	2.10	2.88	2.54	2.86
Inventories		0.02	0.01
Property, Plant and Equipment, Gross			0.73	0.94	1.05	1.21	1.72	1.98	2.47
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment		0.55	0.61	0.71	0.85	0.91	1.19	1.43	1.71
Goodwill						0.06	0.40	0.40	0.40
Intangible Assets, Net (Excluding Goodwill)			0.89	0.79	0.93	0.81	2.43	2.52	4.36
Other Assets, Noncurrent		0.06	0.04	0.02	0.03	0.03	0.03	0.03	0.04
Total assets		1.68	2.63	2.58	4.56	5.06	8.32	10.76	11.85
Current assets		1.48	1.53	1.50	3.36	3.87	4.42	5.01	4.96
Accounts payable						1.39	1.59	1.46	1.65
Taxes Payable, Current						0.08	0.58	0.18	0.04
Total current liabilities				3.62	4.34	4.73	5.41	5.14	6.03
Long-term Debt, Excluding Current Maturities					0.30	0.24	0.64	0.35	1.27
Long-term Debt							1.14	0.64	1.73
Total liabilities		2.47	3.38	3.18	4.67	5.04	6.39	5.61	7.48
Common Stock, Value, Issued						0.00	0.00	0.00	0.00
Retained Earnings (Accumulated Deficit)		-10.18	-11.34	-11.35	-11.03	-11.02	-10.02	-6.93	-7.62

SilverSun Technologies, Inc. Cash Flow

Name [in Millions USD]	2010	2011	2012	2013	2014	2015	2016	2017
Net income	-0.47	2.62	-1.24
Depreciation and amortization	0.08	0.10	0.20	0.30
Depreciation		0.10	0.09	0.11
Amortization of Intangible Assets		0	0.10	0.20	0.24	0.32	0.45	0.36
Depreciation and amortization	0.08	0.10	0.09	0.11	0.12	0.17	0.23	0.26
Deferred Income Tax Expense (Benefit)				-0.12	0.12	-0.16	-2.21	1.05
Accounts receivable	0.20	-0.39	0.67	0.07	0.57	0.27	0.02	-0.12
Inventories	-0.02	0.00
Accounts payable					0.23	-0.18	0.23	0.27
Deferred revenue	0.31	0.53	0.04	0.36	0.50	0.10	-0.68	0.46
Net Cash Provided by (Used in) Operating Activities	-0.04	0.91	0.39	0.74	0.99	0.13	1.79	2.31
Payments to Acquire Property, Plant, and Equipment	0.03	0.04	0.10	0.03	0.08	0.07	0.18	0.24
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	-0.74	0.12	0.05	-0.29	0.40	-0.87	-0.88
Cash and Cash Equivalents, Period Increase (Decrease)	-0.20	0.13	-0.23	0.76	0.55	-0.12	0.43	0.61

SilverSun Technologies, Inc.

SilverSun Technologies, Inc. company info

Short summary

SilverSun Technologies, Inc. Income Statement

SilverSun Technologies, Inc. Balance Sheet

SilverSun Technologies, Inc. Cash Flow

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