Revenue Performance - Revenues for the year ended December 31, 2022 increased by $3,283,896 (7.9%) to $44,985,276 compared to $41,701,380 for 2021[193] - Software sales increased by $3,917,975 (49.8%) to $11,781,362 in 2022 from $7,863,387 in 2021, driven by cloud-based ERP software and third-party solutions[194] - Service revenue decreased by $634,079 (1.9%) to $33,203,914 in 2022, primarily due to lower maintenance revenue and consulting delays[195] Profitability - Gross profit for 2022 increased by $752,678 (4.4%) to $17,960,736, with a gross profit percentage of 39.9% compared to 41.3% in 2021[196] - The company reported a loss from operations of $385,379 for 2022, compared to a loss of $230,986 in 2021[204] - Other expense for 2022 was $89,024, contrasting with other income of $274,557 in 2021, which included gains from a product line sale[205] - The company had a loss before taxes of $474,403 for 2022, compared to income before taxes of $43,571 in 2021[206] - For the year ended December 31, 2022, the Company recorded a net loss of $282,219, compared to a net loss of $134,434 for the year ended December 31, 2021, representing an increase in loss of approximately 109.8%[209] Operating Activities - The Company generated $2,038,392 in cash from operating activities for the year ended December 31, 2022, a significant increase from $226,034 in the previous year, indicating a growth of approximately 803.5%[215] - Cash used in investing activities decreased to $188,742 for the year ended December 31, 2022, down from $510,464 in 2021, reflecting a reduction of approximately 63.0%[216] - Financing activities used cash of $655,134 for the year ended December 31, 2022, compared to cash provided of $503,131 in 2021, indicating a change of approximately 230.0%[217] Strategic Focus - The company is focused on increasing its customer base through traditional marketing and acquisitions, aiming to enhance monthly recurring revenue (MRR)[179] - The company plans to continue seeking growth through acquisitions, revenue sharing arrangements, and partnerships[189] - The Company plans to seek additional operating income opportunities through potential acquisitions or investments, which may require additional cash or equity[212] - The Company continues to explore collaboration agreements and acquisitions in the business software and IT consulting markets to enhance profitability[213] Financial Position and Liquidity - Future payments of promissory notes total $1,454,493, with $783,479 due in 2023[214] - The Company believes it has adequate liquidity to fund its operating plans for at least the next twelve months, although uncertainty related to the pandemic and economic conditions remains[218] - The Company has no line of credit or other credit facility with any lender, indicating reliance on internal resources for funding[211] Impact of External Factors - Inflation has negatively impacted the Company's profitability due to increased costs for recruiting and retaining personnel, as well as higher travel and meal expenses[219]

Revenue Performance - Revenues for the six months ended June 30, 2022, increased by $553,240 (2.6%) to $21,661,917 compared to $21,108,677 for the same period in 2021[163] - Software sales for the three months ended June 30, 2022, increased by $1,020,596 (57.9%) to $2,782,081, and for the six months, it increased by $1,627,547 (43.2%) to $5,393,043 compared to the same periods in 2021[164] - Service revenue for the three months ended June 30, 2022, decreased by $611,732 (7.2%) to $7,855,992, and for the six months, it decreased by $1,074,307 (6.2%) to $16,268,874 compared to the same periods in 2021[164] Profitability - Gross profit for the three months ended June 30, 2022, decreased by $143,412 (3.4%) to $4,127,268, and for the six months, it decreased by $185,082 (2.1%) to $8,832,135 compared to the same periods in 2021[165] - The overall gross profit percentage for the three months ended June 30, 2022, was 38.8%, down from 41.7% in the same period of 2021[165] - For the three months ended June 30, 2022, the Company reported a loss from operations of $79,246, compared to income from operations of $203,904 for the same period in 2021[173] - For the six months ended June 30, 2022, the Company had a loss from operations of $98,962, compared to income from operations of $697,177 for the same period in 2021[173] Expenses - Selling and marketing expenses increased by $238,797 (14.8%) to $1,852,903 for the three months ended June 30, 2022, and by $295,300 (8.9%) to $3,628,714 for the six months compared to the same periods in 2021[168] - General and administrative expenses increased by $183,927 (4.1%) to $4,712,122 for the six months ended June 30, 2022, compared to $4,528,195 for the same period in 2021[170] - Share-based compensation increased by $41,958 to $91,890 for the six months ended June 30, 2022, compared to $49,932 for the same period in 2021[171] Cash Flow and Working Capital - The Company's working capital was $2,749,833 and cash on hand was $5,873,674 as of June 30, 2022[179] - During the six months ended June 30, 2022, the Company experienced a net decrease in cash of $940,443, with cash used in operating activities amounting to $485,308[179] - Cash used in investing activities for the six months ended June 30, 2022 was $180,549, a decrease from $217,824 for the same period in 2021[180] - Cash used in financing activities for the six months ended June 30, 2022 was $274,586, compared to cash provided of $3,888,592 for the same period in 2021[181] Future Outlook - The company continues to expand its customer base, which is expected to provide a basis for future growth despite current economic conditions[159] - The company is focused on assisting customers in their digital transformation, which is anticipated to drive future revenues[160] - The Company plans to increase business and profitability through collaboration agreements, asset purchases, and acquisitions in the business software and IT consulting markets[177] Debt and Financial Position - Future payments of long-term debt total $1,717,700, with $263,207 due in the remainder of 2022[178] - The Company has no line of credit or other credit facility with any lender as of June 30, 2022[175] Economic Impact - Inflation has negatively impacted the Company's profitability due to increased costs for recruiting and retaining personnel[183]

Revenue and Profitability - For the three months ended March 31, 2022, revenues increased by $144,376 (1.3%) to $11,023,844 compared to $10,879,468 for the same period in 2021[148]. - Software sales rose by $606,951 (30.3%) to $2,610,962 for the three months ended March 31, 2022, primarily driven by increased revenues from the Acumatica solution[149]. - Service revenue decreased by $462,575 (5.2%) to $8,412,882 for the three months ended March 31, 2022, attributed to lower consulting and maintenance revenues[150]. - Gross profit for the three months ended March 31, 2022, decreased by $41,670 (0.9%) to $4,704,867, with a gross profit percentage of 42.7% compared to 43.6% in the prior year[151]. - The company reported a loss from operations of $19,716 for the three months ended March 31, 2022, compared to income from operations of $493,273 for the same period in 2021[158]. Operating Expenses - Operating expenses increased, with selling and marketing expenses rising by $56,503 (3.3%) and general and administrative expenses increasing by $306,059 (13.1%) for the three months ended March 31, 2022[154][155]. Business Strategy and Market Focus - The company plans to increase business and profitability through collaboration agreements, asset purchases, and acquisitions in the business software and IT consulting markets[162]. - The company is focused on expanding its customer base through cloud-based products and services, aiming to increase monthly recurring revenue (MRR) and reduce customer acquisition costs[139]. Financial Position and Liquidity - As of March 31, 2022, the company's working capital was $2,635,467 and cash on hand was $6,486,433[164]. - The company believes it has adequate liquidity to fund its operating plans for at least the next twelve months, although uncertainty related to the pandemic may affect this outlook[167]. Cash Flow Activities - For the three months ended March 31, 2022, cash used in operating activities was $8,246, a significant decrease from $500,461 in the same period in 2021[164]. - Cash used in investing activities for the three months ended March 31, 2022 was $180,548, which included $150,000 for the assets of NEO3 and $30,548 for property and equipment[165]. - Financing activities for the three months ended March 31, 2022 used cash of $138,890, compared to cash provided of $3,261,181 in the same period in 2021[166]. Economic Impact and Challenges - The company continues to monitor the economic impact of Covid-19 and is exploring cost-cutting measures and additional funding sources[159]. - Inflation has negatively impacted the company's profitability due to increased costs for recruiting and retaining personnel, as well as higher travel and meal costs[168]. Off-Balance Sheet Activities - The company did not engage in any material off-balance sheet activities during the three months ended March 31, 2022[169]. - The company does not hold any derivative instruments and does not engage in hedging activities[171]. Credit and Financing - The company has no line of credit or credit facility with any lender, which may impact its ability to compete effectively[160].

Revenue and Sales Performance - Revenues for the year ended December 31, 2021 increased by $480,974 (1.2%) to $41,701,380 compared to $41,220,406 for the year ended December 31, 2020[163]. - Software sales increased by $201,807 (2.6%) to $7,863,387 in 2021 from $7,661,580 in 2020, driven by cloud-based ERP software and third-party solutions[163]. - Service revenue increased by $279,167 (0.8%) to $33,837,993 in 2021 from $33,558,826 in 2020, mainly due to managed services and application hosting[164]. Profitability and Expenses - Gross profit for the year ended December 31, 2021 increased by $629,077 (3.8%) to $17,208,058 compared to $16,578,981 for the year ended December 31, 2020[165]. - The overall gross profit percentage was 41.3% for 2021, up from 40.2% in 2020[165]. - The company reported a net loss of $134,434 for the year ended December 31, 2021, compared to a net income of $175,647 for the year ended December 31, 2020[176]. - Operating expenses decreased by $646,003 (8.8%) in selling and marketing expenses, while general and administrative expenses increased by $1,128,701 (13.6%)[168][169]. - The company generated income before taxes of $43,571 for the year ended December 31, 2021, down from $223,038 for the year ended December 31, 2020[174]. Cash Flow and Liquidity - The Company reported a net increase in cash of $218,701 for the year ended December 31, 2021, compared to a net cash increase of $1,729,091 for the year ended December 31, 2020[190]. - Cash provided by operating activities decreased to $226,034 for the year ended December 31, 2021, down from $1,729,091 in the previous year, primarily due to an increase in prepaid expenses and accounts receivable[190]. - Cash used in investing activities was $510,464 for the year ended December 31, 2021, compared to cash provided of $839,808 in 2020, with $645,703 spent on acquiring new businesses[191]. - Financing activities provided cash of $503,131 for the year ended December 31, 2021, a significant increase from cash used of $4,631,884 in 2020, attributed to net proceeds of $4,180,904 from the sale of common stock[192]. - The Company believes it has adequate liquidity to fund its operating plans for at least the next twelve months[193]. Strategic Acquisitions and Investments - The company has completed a series of strategic acquisitions over the past fifteen years to expand its market presence[160]. - The Company plans to pursue strategic acquisitions and investments to enhance operating income, which may require additional cash or equity[180]. - The Company issued a promissory note of $130,000 for the acquisition of assets from CT-Solution, Inc., due in 36 months with a 2% annual interest rate[186]. - An asset purchase agreement with Dynamic Tech Services, Inc. involved a total purchase price of $1,335,000, with $500,000 paid in cash and $835,000 through a promissory note[188]. Dividends and Shareholder Returns - The Company issued a special cash dividend of $0.60 per share, totaling $3,081,706, paid on July 16, 2021[184]. Economic Impact - There was no significant impact on the Company's operations due to inflation for the year ended December 31, 2021[194].

FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission File Number: 001-38063 SILVERSUN TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other juris ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-38063 SILVERSUN TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-38063 SILVERSUN TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 16-1633636 120 E ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2020 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38063 SILVERSUN TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 16-1633636 (I.R.S. Employe ...