SilverSun Technologies, Inc. company info

CIK 1236275
IRS Number 161633636
State of incorporation DE
Business address 120 EAGLE ROCK AVE
Mail address 120 EAGLE ROCK AVE

Short summary

SilverSun Technologies, Inc. is a New Jersey company, with head office located at 120 Eagle Rock Ave East Hanover, New Jersey 07936. The company achieved a record breaking net income last year - 6.79 million USD. This is 2488.95% higher than one reported in 2018. In 2019 the company owned a total of 17.74 million USD worth of assets, including 10.84 million USD worth of current assets. The company amassed the most assets last year, totalling up to 17.74 million USD.

SilverSun Technologies, Inc. Income Statement

Name [in Millions USD]20092010201120122013201420152016201720182019Trends
Revenue, Net 7.4910.5213.1817.4021.4627.6434.1234.85
Gross Profit 2.874.505.336.758.5710.8412.7313.8716.9214.68
Selling, General and Administrative Expense 4.246.51
Operating Expenses 3.814.246.516.498.1010.4911.4612.9316.5116.59
Operating Income (Loss) -0.940.26-
Income Tax Expense (Benefit) 000-
Net income -0.472.62-

SilverSun Technologies, Inc. Balance Sheet

Name [in Millions USD]20092010201120122013201420152016201720182019Trends
Cash and cash equivalents 0.180.480.180.060.942.060.671.541.150.536.48
Accounts Receivable, Net, Current 0.731.291.241.792.102.882.542.863.222.95
Inventories 0.020.01
Property, Plant and Equipment, Gross 0.730.941.051.211.721.982.472.892.99
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 0.550.610.710.850.911.191.431.712.052.31
Goodwill 0.060.400.400.400.890.89
Intangible Assets, Net (Excluding Goodwill) 0.890.790.930.812.432.524.364.092.52
Other Assets, Noncurrent
Total assets 1.682.632.584.565.068.3210.7611.8512.7917.74
Current assets 1.481.531.503.363.874.425.014.964.8210.84
Accounts payable 1.391.591.461.651.701.80
Taxes Payable, Current 0.080.580.
Total current liabilities 3.624.344.735.415.146.036.577.24
Long-term Debt, Excluding Current Maturities 0.300.240.640.351.270.960.05
Long-term Debt 1.140.641.731.421.08
Total liabilities 2.473.383.184.675.046.395.617.488.359.14
Common Stock, Value, Issued
Retained Earnings (Accumulated Deficit) -10.18-11.34-11.35-11.03-11.02-10.02-6.93-7.62-7.34-0.93

SilverSun Technologies, Inc. Cash Flow

Name [in Millions USD]20092010201120122013201420152016201720182019Trends
Net income -0.472.62-
Depreciation and amortization
Amortization of Intangible Assets
Depreciation and amortization
Deferred Income Tax Expense (Benefit) -0.120.12-0.16-2.211.05-0.28-0.46
Accounts receivable 0.200.390.670.070.570.270.02-0.12-0.060.61
Inventories -0.020.00
Accounts payable 0.23-
Deferred revenue 0.310.530.040.360.500.10-0.680.46
Net Cash Provided by (Used in) Operating Activities -0.040.910.390.740.990.131.792.311.29
Payments to Acquire Property, Plant, and Equipment
Payments to Acquire Intangible Assets 0.060
Net Cash Provided by (Used in) Investing Activities -0.03-0.04-0.74-0.03-0.15-0.64-0.50-0.82-1.06
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -0.708.15
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
Payments for Repurchase of Common Stock 00.000
Net Cash Provided by (Used in) Financing Activities -0.13-0.740.120.05-0.290.40-0.87-0.88-0.57-0.87
Cash and Cash Equivalents, Period Increase (Decrease) -0.200.13-0.230.760.55-0.120.430.61-0.33