10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001185185-18-000864 |
| Period End Date | 20180331 |
| Filing Date | 20180514 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | ssnt-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
81 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accounts receivable, allowance (in Dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$375.00K | USD | Point-in-time |
| Accounts receivable, allowance (in Dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$375.00K | USD | Point-in-time |
| Preferred stock, authorized |
PreferredStockSharesAuthorized
|
1.00M | shares | Point-in-time |
| Preferred stock, authorized |
PreferredStockSharesAuthorized
|
1.00M | shares | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.36M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.81M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$2.24M | USD | Point-in-time |
| Preferred stock, par value (in Dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.62M | USD | Point-in-time |
| Preferred stock, par value (in Dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Accounts receivable, net of allowance of $375,000 |
AccountsReceivableNetCurrent
|
$3.02M | USD | Point-in-time |
| Accounts receivable, net of allowance of $375,000 |
AccountsReceivableNetCurrent
|
$2.34M | USD | Point-in-time |
| Unbilled services |
UnbilledReceivablesCurrent
|
$706.96K | USD | Point-in-time |
| Unbilled services |
UnbilledReceivablesCurrent
|
$428.21K | USD | Point-in-time |
| Par value (in Dollars per share) |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$344.15K | USD | Point-in-time |
| Par value (in Dollars per share) |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$403.91K | USD | Point-in-time |
| Authorized |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Authorized |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Total current assets |
AssetsCurrent
|
$5.40M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$5.88M | USD | Point-in-time |
| Issued |
CommonStockSharesIssued
|
4.49M | shares | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$512.73K | USD | Point-in-time |
| Issued |
CommonStockSharesIssued
|
4.49M | shares | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$567.53K | USD | Point-in-time |
| Outstanding |
CommonStockSharesOutstanding
|
4.49M | shares | Point-in-time |
| Outstanding |
CommonStockSharesOutstanding
|
4.49M | shares | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$2.64M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$2.74M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$401.00K | USD | Point-in-time |
| Goodwill |
Goodwill
|
$401.00K | USD | Point-in-time |
| Deferred tax assets |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$1.36M | USD | Point-in-time |
| Deferred tax assets |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$1.34M | USD | Point-in-time |
| Deposits and other assets |
OtherAssetsNoncurrent
|
$36.31K | USD | Point-in-time |
| Deposits and other assets |
OtherAssetsNoncurrent
|
$36.31K | USD | Point-in-time |
| Total assets |
Assets
|
$10.92M | USD | Point-in-time |
| Total assets |
Assets
|
$10.41M | USD | Point-in-time |
| Bank line of credit |
LinesOfCreditCurrent
|
- | USD | Point-in-time |
| Bank line of credit |
LinesOfCreditCurrent
|
- | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.09M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.29M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$1.07M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$912.51K | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$16.28K | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$14.06K | USD | Point-in-time |
| Income taxes payable |
TaxesPayableCurrent
|
$100.05K | USD | Point-in-time |
| Income taxes payable |
TaxesPayableCurrent
|
$97.10K | USD | Point-in-time |
| Contingent consideration current portion |
BusinessCombinationContingentConsiderationLiabilityCurrent
|
$63.38K | USD | Point-in-time |
| Contingent consideration current portion |
BusinessCombinationContingentConsiderationLiabilityCurrent
|
$54.67K | USD | Point-in-time |
| Long term debt - current portion |
LongTermDebtCurrent
|
$194.49K | USD | Point-in-time |
| Long term debt - current portion |
LongTermDebtCurrent
|
$257.85K | USD | Point-in-time |
| Capital lease obligations current portion |
CapitalLeaseObligationsCurrent
|
$77.56K | USD | Point-in-time |
| Capital lease obligations current portion |
CapitalLeaseObligationsCurrent
|
$94.44K | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$2.15M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$2.67M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$5.85M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$6.32M | USD | Point-in-time |
| Contingent consideration net of current portion |
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
$26.06K | USD | Point-in-time |
| Contingent consideration net of current portion |
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
$42.26K | USD | Point-in-time |
| Long term debt net of current portion |
LongTermDebtNoncurrent
|
$228.63K | USD | Point-in-time |
| Long term debt net of current portion |
LongTermDebtNoncurrent
|
$179.58K | USD | Point-in-time |
| Capital lease obligations net of current portion |
CapitalLeaseObligationsNoncurrent
|
$68.61K | USD | Point-in-time |
| Capital lease obligations net of current portion |
CapitalLeaseObligationsNoncurrent
|
$57.34K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$6.58M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$6.19M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Preferred stock, value |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock, value |
PreferredStockValue
|
- | USD | Point-in-time |
| Common stock, value |
CommonStockValue
|
$46.00 | USD | Point-in-time |
| Common stock, value |
CommonStockValue
|
$46.00 | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$11.92M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$11.97M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-7.69M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-7.63M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.97M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.34M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.23M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$10.92M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$10.41M | USD | Point-in-time |
Income Statement
35 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$8.00M | USD | 1 Quarter |
| Revenues |
Revenues
|
$9.31M | USD | 1 Quarter |
| Cost of revenues |
CostOfRevenue
|
$4.62M | USD | 1 Quarter |
| Cost of revenues |
CostOfRevenue
|
$5.37M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$3.39M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$3.94M | USD | 1 Quarter |
| Selling and marketing expenses |
SellingAndMarketingExpense
|
$1.15M | USD | 1 Quarter |
| Selling and marketing expenses |
SellingAndMarketingExpense
|
$1.60M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$2.06M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$1.70M | USD | 1 Quarter |
| Share based compensation expenses |
ShareBasedCompensation
|
$53.74K | USD | 1 Quarter |
| Share based compensation expenses |
ShareBasedCompensation
|
$76.39K | USD | 1 Quarter |
| Depreciation and amortization expenses |
OtherDepreciationAndAmortization
|
$142.63K | USD | 1 Quarter |
| Depreciation and amortization expenses |
OtherDepreciationAndAmortization
|
$170.84K | USD | 1 Quarter |
| Total selling, general and administrative expenses |
OperatingExpenses
|
$3.10M | USD | 1 Quarter |
| Total selling, general and administrative expenses |
OperatingExpenses
|
$3.85M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$288.19K | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$88.32K | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-6.69K | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-8.46K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$-8.46K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$-6.69K | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$279.73K | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$81.63K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$23.25K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$125.88K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$153.85K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$-486.47K | USD | Annual |
| Net income |
ProfitLoss
|
$58.39K | USD | 1 Quarter |
| Net income per common share basic and fully diluted (in Dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.01 | USD | 1 Quarter |
| Net income per common share basic and fully diluted (in Dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.03 | USD | 1 Quarter |
| Basic (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
4.49M | shares | 1 Quarter |
| Basic (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
4.49M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
4.49M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
4.50M | shares | 1 Quarter |
Cash Flow Statement
67 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$153.85K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$-486.47K | USD | Annual |
| Net income |
ProfitLoss
|
$58.39K | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-120.00K | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-21.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$71.14K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$55.99K | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$71.50K | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$114.85K | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$15.97K | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
- | USD | 1 Quarter |
| Share-based compensation |
AllocatedShareBasedCompensationExpense
|
$8.43K | USD | 1 Quarter |
| Share-based compensation |
AllocatedShareBasedCompensationExpense
|
$8.97K | USD | 1 Quarter |
| Common stock for services |
IssuanceOfCommonStockForServicesOrClaims
|
$47.50K | USD | 1 Quarter |
| Common stock for services |
IssuanceOfCommonStockForServicesOrClaims
|
$45.31K | USD | 1 Quarter |
| Warrants in exchange for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
- | USD | 1 Quarter |
| Warrants in exchange for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$19.92K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-235.01K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$704.36K | USD | 1 Quarter |
| Unbilled services |
IncreaseDecreaseInUnbilledReceivables
|
$243.45K | USD | 1 Quarter |
| Unbilled services |
IncreaseDecreaseInUnbilledReceivables
|
$278.75K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-12.72K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$3.99K | USD | 1 Quarter |
| Deposits and other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$13.35K | USD | 1 Quarter |
| Deposits and other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
- | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-295.44K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$195.39K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-138.62K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-159.00K | USD | 1 Quarter |
| Income tax payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$5.05K | USD | 1 Quarter |
| Income tax payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$2.96K | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$184.00 | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$185.00 | USD | 1 Quarter |
| Deferred revenues |
IncreaseDecreaseInDeferredRevenue
|
$522.52K | USD | 1 Quarter |
| Deferred revenues |
IncreaseDecreaseInDeferredRevenue
|
$67.05K | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$133.52K | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-116.61K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$64.93K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$16.33K | USD | 1 Quarter |
| Software development costs |
PaymentsToDevelopSoftware
|
$174.40K | USD | 1 Quarter |
| Software development costs |
PaymentsToDevelopSoftware
|
$128.67K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-190.73K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-193.60K | USD | 1 Quarter |
| Payment of cash dividend |
PaymentsOfDividends
|
$89.57K | USD | 1 Quarter |
| Payment of cash dividend |
PaymentsOfDividends
|
- | USD | 1 Quarter |
| Payment of contingent consideration |
OtherPaymentsToAcquireBusinesses
|
$7.82K | USD | 1 Quarter |
| Payment of contingent consideration |
OtherPaymentsToAcquireBusinesses
|
$24.91K | USD | 1 Quarter |
| Payment of long term debt |
RepaymentsOfLongTermDebt
|
$67.77K | USD | 1 Quarter |
| Payment of long term debt |
RepaymentsOfLongTermDebt
|
$76.04K | USD | 1 Quarter |
| Payment of capital lease obligations |
RepaymentsOfLongTermCapitalLeaseObligations
|
$26.61K | USD | 1 Quarter |
| Payment of capital lease obligations |
RepaymentsOfLongTermCapitalLeaseObligations
|
$28.16K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-120.84K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-200.04K | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-260.12K | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-428.18K | USD | 1 Quarter |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.36M | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.81M | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.24M | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.62M | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.36M | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.81M | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.24M | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.62M | USD | Point-in-time |
| Interest |
InterestPaid
|
$8.28K | USD | 1 Quarter |
| Interest |
InterestPaid
|
$6.50K | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaid
|
$825.00 | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
Stockholders Equity
15 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.97M | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.34M | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.23M | USD | Point-in-time |
| Issuance of stock, net of fees |
StockIssuedDuringPeriodValueNewIssues
|
$45.31K | USD | 1 Quarter |
| Stock warrants in exchange for services |
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
$19.92K | USD | Annual |
| Issuance of common stock for services |
StockIssuedDuringPeriodValueIssuedForServices
|
$47.50K | USD | Annual |
| Cash dividend |
DividendsCash
|
$359.01K | USD | Annual |
| Share-Based Compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
$34.27K | USD | Annual |
| Share-Based Compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
$8.43K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$153.85K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$-486.47K | USD | Annual |
| Net income (loss) |
ProfitLoss
|
$58.39K | USD | 1 Quarter |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.97M | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.34M | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.23M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.