SilverSun Technologies Inc
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
View on SEC.govAbout this filing
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.
See the whole filing, with its images and exhibitsContents
Statements of Operations
| For the Years Ended | ||
|---|---|---|
| December 31, 2023 | December 31, 2022 | |
| Revenues: | ||
| Software product, net | $14,110,773 | $11,781,362 |
| Service and other, net | 40,406,168 | 33,203,914 |
| Total revenues, net | 54,516,941 | 44,985,276 |
| Cost of revenues: | ||
| Product | 8,512,767 | 7,077,804 |
| Service and other | 24,390,365 | 19,946,736 |
| Total cost of revenues | 32,903,132 | 27,024,540 |
| Gross profit | 21,613,809 | 17,960,736 |
| Operating expenses: | ||
| Selling and marketing expenses | 8,852,739 | 7,745,265 |
| General and administrative expenses | 10,217,157 | 9,471,625 |
| Share-based compensation expenses | 41,497 | 180,260 |
| Depreciation and amortization expenses | 828,157 | 948,965 |
| Total selling, general and administrative expenses | 19,939,550 | 18,346,115 |
| Income (loss) from operations | 1,674,259 | (385,379) |
| Other expense: | ||
| Interest expense, net | (55,666) | (89,024) |
| Deal costs | (2,986,107) | - |
| Total other expense | (3,041,773) | (89,024) |
| Loss before taxes | (1,367,514) | (474,403) |
| Benefit for income taxes | 297,419 | 192,184 |
| Net loss | $(1,070,095) | $(282,219) |
| Basic and diluted net loss per common share | ||
| Basic | (0.20) | (0.05) |
| Diluted | (0.20) | (0.05) |
| Weighted average shares outstanding: | ||
| Basic | 5,259,595 | 5,167,081 |
| Diluted | 5,259,595 | 5,167,081 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.