Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

 v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Product, net $ 321,953 $ 230,471 $ 1,196,952 $ 703,057
Service. net 2,370,125 1,556,954 4,256,571 2,913,090
Total revenues, net 2,692,078 1,787,425 5,453,523 3,616,147
Cost of revenues:        
Product 212,846 114,463 644,033 378,289
Service 1,314,249 1,014,618 2,442,453 1,966,403
Cost of revenues 1,527,095 1,129,081 3,086,486 2,344,692
Gross profit 1,164,983 658,344 2,367,037 1,271,455
Selling, general and administrative expenses:        
Selling expenses 431,690 442,110 856,848 796,420
General and administrative expenses 623,021 508,204 1,138,842 940,378
Depreciation and amortization 26,124 20,580 52,312 42,492
Total selling, general and administrative expenses 1,080,835 970,894 2,048,002 1,779,290
Income (loss) from operations 84,148 (312,550) 319,035 (507,835)
Other income (expense):        
Gain (loss) on revaluation of derivatives 99,247 (447,327) 362,035 182,756
Gain on extinguishment of debt and derivative liability 2,228,939   2,228,939  
Amortization of debt discount (12,750)   (21,250)  
Interest expense, net (47,053) (29,539) (70,575) (62,347)
Total other income (expense) 2,268,383 (476,866) 2,499,149 120,409
Net income (loss) 2,352,531 (789,416) 2,818,184 (387,426)
Net income (loss) attributable to the noncontrolling interest in SWK Technologies 61,317 (37,808) 87,331 (59,113)
Net income (loss) attributable to SilverSun Technologies $ 2,291,214 $ (751,608) $ 2,730,853 $ (328,313)
Net income (loss) per common share:        
Basic (in Dollars per share) $ 0.52 $ (0.22) $ 0.61 $ (0.10)
Fully diluted (in Dollars per share) $ 0.02 $ (0.22) $ 0.03 $ (0.10)
Weighted average shares:        
Basic (in Shares) 4,447,028 3,432,716 4,504,992 3,360,793
Diluted (in Shares) 105,724,210 3,432,716 105,782,173 3,360,793