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
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Software product, net $ 358,974 $ 874,999
Service, net 2,549,885 1,886,446
Total revenues, net 2,908,859 2,761,445
Cost of revenues:    
Product 169,338 431,187
Service 1,556,347 1,128,204
Total cost of revenues 1,725,685 1,559,391
Gross profit 1,183,174 1,202,054
Selling, general and Administrative expenses :    
Selling and marketing expenses 514,350 425,158
General and administrative expenses 615,946 515,821
Share-based compensation expense 719,267  
Depreciation and amortization 19,202 26,188
Total selling, general and administrative expenses 1,868,765 967,167
Income (loss) from operations (685,591) 234,887
Other income (expense)    
Gain on revaluation of derivatives   262,788
Amortization of debt discount (4,250) (8,500)
Interest expense, net (18,350) (23,522)
Total other income (expense) (22,600) 230,766
Net (loss) income (708,191) 465,653
Net income (loss) attributable to the noncontrolling interest in SWK Technologies, Inc.   26,014
Net (loss) income attributable to SilverSun Technologies, Inc $ (708,191) $ 439,639
Net (loss) income per common share – basic (in Dollars per share) $ (0.01) $ 0.10
Net (loss) income per common share – fully diluted (in Dollars per share) $ (0.01) $ 0.08
Weighted Average Shares    
Basic (in Shares) 110,846,863 4,563,600
Diluted (in Shares) 110,846,863 5,521,811