Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Product, net $ 851,656 $ 356,909 $ 1,672,791 $ 1,553,861
Service, net 2,616,698 2,014,891 7,775,847 6,271,462
Total revenues, net 3,468,354 2,371,800 9,448,638 7,825,323
Cost of revenues:        
Product 433,320 146,447 806,550 790,480
Service 1,648,416 1,214,116 4,774,866 3,656,569
Cost of revenues 2,081,736 1,360,563 5,581,416 4,447,049
Gross profit 1,386,618 1,011,237 3,867,222 3,378,274
Selling, general and administrative expenses:        
Selling expenses 523,352 450,345 1,607,559 1,307,193
General and administrative expenses 677,026 527,701 1,899,593 1,666,543
Shared-based compensation 4,404   1,131,854  
Depreciation and amortization 62,624 22,548 114,376 74,860
Total selling, general and administrative expenses 1,267,406 1,000,594 4,753,382 3,048,596
Income (loss) from operations 119,212 10,643 (886,160) 329,678
Other income (expense):        
Gain (loss) on revaluation of derivatives       362,035
Gain on extinguishment of debt and derivative liability       2,228,939
Amortization of debt discount     (4,250) (34,000)
Interest expense, net (16,404) (24,784) (49,004) (82,609)
Total other income (expense) (16,404) (24,784) (53,254) 2,474,365
Net income (loss) 102,808 (14,141) (939,414) 2,804,043
Net income (loss) attributable to the noncontrolling interest in SWK Technologies   10,511   97,842
Net income (loss) attributable to SilverSun Technologies $ 102,808 $ (24,652) $ (939,414) $ 2,706,201
Net income (loss) per common share: Basic (in Dollars per share) $ 0.00 $ (0.01) $ (0.01) $ 0.60
Fully diluted (in Dollars per share) $ 0.00 $ (0.01) $ (0.01) $ 0.03
Weighted average shares:        
Basic (in Shares) 116,949,303 4,492,578 114,873,304 4,500,809
Diluted (in Shares) 131,283,955 4,492,578 114,873,304 105,777,990