SilverSun Technologies Inc

For the period ended Dec 31, 2023. Filed Mar 14, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 14, 2024

QXO$13.78+19.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Balance Sheets

DECEMBER 31,

	2023	2022
ASSETS
Current assets:
Cash and cash equivalents	$6,143,298	$8,008,633
Accounts receivable, net of allowance of $510,212 and $490,311	2,968,875	2,232,960
Unbilled services	194,407	367,165
Deferred charges	735,908	1,516,895
Prepaid expenses and other current assets	1,753,849	1,573,615
Total current assets	11,796,337	13,699,268
Property and equipment, net	503,347	711,314
Operating lease right-of-use assets, net	521,866	328,562
Intangible assets, net	4,918,849	4,265,353
Goodwill	1,139,952	1,139,952
Deferred tax assets, net	1,443,902	1,106,065
Deposits and other assets	171,448	187,553
Total assets	$20,495,701	$21,438,067
LIABILITIES & STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$4,563,248	$3,272,555
Accrued expenses	2,654,920	2,432,703
Accrued interest	24,507	23,757
Long term debt – current portion	701,749	680,146
Long term debt – related party - current portion	-	103,333
Finance lease obligations – current portion	154,336	214,990
Operating lease liabilities – current portion	262,733	268,345
Deferred revenue	3,161,082	3,757,090
Total current liabilities	11,522,575	10,752,919
Long term debt - net of current portion	994,266	671,014
Finance lease obligations - net of current portion	247,117	401,453
Operating lease liabilities - net of current portion	259,133	60,217
Total liabilities	13,023,091	11,885,603
Commitments and Contingencies (see Note 14)
Stockholders’ equity:
Preferred Stock, $0.001 par value; authorized 1,000,000 shares Series A Preferred Stock, $0.001 par value; authorized 2 shares no shares issued and outstanding	-	-
Common stock, $0.00001 par value; authorized 75,000,000 shares 5,315,581 and 5,256,177 issued and outstanding as of December 31, 2023 and 2022, respectively	53	53
Additional paid-in capital	9,419,242	10,429,001
Accumulated deficit	(1,946,685)	(876,590)
Total stockholders’ equity	7,472,610	9,552,464
Total liabilities and stockholders’ equity	$20,495,701	$21,438,067

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.