10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001185185-19-000698 |
| Period End Date | 20190331 |
| Filing Date | 20190513 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | ssnt-20190331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
80 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 |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$2.24M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.81M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.90M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$653.12K | USD | Point-in-time |
| Accounts receivable, net of allowance of $375,000 |
AccountsReceivableNetCurrent
|
$2.95M | USD | Point-in-time |
| Accounts receivable, net of allowance of $375,000 |
AccountsReceivableNetCurrent
|
$2.38M | USD | Point-in-time |
| Unbilled services |
UnbilledReceivablesCurrent
|
$172.45K | USD | Point-in-time |
| Unbilled services |
UnbilledReceivablesCurrent
|
$403.52K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$434.31K | USD | Point-in-time |
| Par value (in Dollars per share) |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$490.10K | USD | Point-in-time |
| Par value (in Dollars per share) |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Authorized |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Total current assets |
AssetsCurrent
|
$4.50M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$4.89M | USD | Point-in-time |
| Authorized |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$616.13K | USD | Point-in-time |
| Issued |
CommonStockSharesIssued
|
4.50M | shares | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$688.12K | USD | Point-in-time |
| Issued |
CommonStockSharesIssued
|
4.50M | shares | Point-in-time |
| Outstanding |
CommonStockSharesOutstanding
|
4.50M | shares | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
- | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$843.32K | USD | Point-in-time |
| Outstanding |
CommonStockSharesOutstanding
|
4.50M | shares | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$3.95M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$4.19M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$885.00K | USD | Point-in-time |
| Goodwill |
Goodwill
|
$885.00K | USD | Point-in-time |
| Deferred tax assets |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$1.27M | USD | Point-in-time |
| Deferred tax assets |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$1.29M | USD | Point-in-time |
| Deposits and other assets |
OtherAssetsNoncurrent
|
$39.79K | USD | Point-in-time |
| Deposits and other assets |
OtherAssetsNoncurrent
|
$41.73K | USD | Point-in-time |
| Total assets |
Assets
|
$11.74M | USD | Point-in-time |
| Total assets |
Assets
|
$12.34M | 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
|
$2.06M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.03M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$1.79M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$764.90K | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$14.63K | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$14.81K | USD | Point-in-time |
| Income taxes payable |
TaxesPayableCurrent
|
$23.31K | USD | Point-in-time |
| Income taxes payable |
TaxesPayableCurrent
|
$20.00K | USD | Point-in-time |
| Contingent consideration current portion |
BusinessCombinationContingentConsiderationLiabilityCurrent
|
$8.35K | USD | Point-in-time |
| Contingent consideration current portion |
BusinessCombinationContingentConsiderationLiabilityCurrent
|
$22.55K | USD | Point-in-time |
| Long term debt - current portion |
LongTermDebtCurrent
|
$426.35K | USD | Point-in-time |
| Long term debt - current portion |
LongTermDebtCurrent
|
$467.24K | USD | Point-in-time |
| Finance lease obligations current portion |
CapitalLeaseObligationsCurrent
|
$82.50K | USD | Point-in-time |
| Finance lease obligations current portion |
CapitalLeaseObligationsCurrent
|
$87.36K | USD | Point-in-time |
| Operating lease liabilities current portion |
OperatingLeaseLiabilityCurrent
|
$262.62K | USD | Point-in-time |
| Operating lease liabilities current portion |
OperatingLeaseLiabilityCurrent
|
- | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$2.48M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$1.85M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$6.23M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$6.16M | USD | Point-in-time |
| Long term debt net of current portion |
LongTermDebtNoncurrent
|
$1.08M | USD | Point-in-time |
| Long term debt net of current portion |
LongTermDebtNoncurrent
|
$1.07M | USD | Point-in-time |
| Finance lease obligations net of current portion |
CapitalLeaseObligationsNoncurrent
|
$88.97K | USD | Point-in-time |
| Finance lease obligations net of current portion |
CapitalLeaseObligationsNoncurrent
|
$108.51K | USD | Point-in-time |
| Operating lease liabilities net of current portion |
OperatingLeaseLiabilityNoncurrent
|
- | USD | Point-in-time |
| Operating lease liabilities net of current portion |
OperatingLeaseLiabilityNoncurrent
|
$580.70K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$7.41M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$7.91M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | 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
|
$11.76M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$11.77M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-7.43M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-7.33M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.33M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.34M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.44M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.23M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$11.74M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$12.34M | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$9.31M | USD | 1 Quarter |
| Revenues |
Revenues
|
$10.49M | USD | 1 Quarter |
| Cost of revenues |
CostOfRevenue
|
$6.02M | USD | 1 Quarter |
| Cost of revenues |
CostOfRevenue
|
$5.37M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$3.94M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$4.48M | USD | 1 Quarter |
| Selling and marketing expenses |
SellingAndMarketingExpense
|
$1.84M | 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
|
$2.28M | USD | 1 Quarter |
| Share based compensation expenses |
ShareBasedCompensation
|
$53.74K | USD | 1 Quarter |
| Share based compensation expenses |
ShareBasedCompensation
|
$6.71K | USD | 1 Quarter |
| Depreciation and amortization expenses |
OtherDepreciationAndAmortization
|
$209.14K | USD | 1 Quarter |
| Depreciation and amortization expenses |
OtherDepreciationAndAmortization
|
$142.63K | USD | 1 Quarter |
| Total selling, general and administrative expenses |
OperatingExpenses
|
$3.85M | USD | 1 Quarter |
| Total selling, general and administrative expenses |
OperatingExpenses
|
$4.34M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$139.83K | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$88.32K | USD | 1 Quarter |
| Interest expense |
InterestIncomeExpenseNet
|
$-16.48K | USD | 1 Quarter |
| Interest expense |
InterestIncomeExpenseNet
|
$-6.69K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$-16.48K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$-6.69K | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$123.35K | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$81.63K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$27.31K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$23.25K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$96.04K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$58.39K | USD | 1 Quarter |
| Net income per common share basic and fully diluted (in Dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.02 | USD | 1 Quarter |
| Net income per common share basic and fully diluted (in Dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.01 | USD | 1 Quarter |
| Basic (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
4.50M | shares | 1 Quarter |
| Basic (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
4.49M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
4.50M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
4.80M | shares | 1 Quarter |
Cash Flow Statement
71 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$96.04K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$58.39K | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-24.00K | 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
|
$71.14K | USD | Annual |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$74.39K | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$134.75K | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$71.50K | USD | 1 Quarter |
| Amortization of right of use assets |
AmortizationOfLeasedAsset
|
$67.68K | USD | 1 Quarter |
| Amortization of right of use assets |
AmortizationOfLeasedAsset
|
- | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
- | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$15.97K | USD | 1 Quarter |
| Share-based compensation |
AllocatedShareBasedCompensationExpense
|
$8.43K | USD | 1 Quarter |
| Share-based compensation |
AllocatedShareBasedCompensationExpense
|
$6.71K | USD | 1 Quarter |
| Common stock for services |
IssuanceOfCommonStockForServicesOrClaims
|
$45.31K | USD | 1 Quarter |
| Common stock for services |
IssuanceOfCommonStockForServicesOrClaims
|
- | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$572.16K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$704.36K | USD | 1 Quarter |
| Unbilled services |
IncreaseDecreaseInContractWithCustomerAsset
|
$278.75K | USD | 1 Quarter |
| Unbilled services |
IncreaseDecreaseInContractWithCustomerAsset
|
$231.08K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$55.80K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-12.72K | USD | 1 Quarter |
| Deposits and other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$1.94K | USD | 1 Quarter |
| Deposits and other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
- | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$28.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$195.39K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-159.00K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-795.37K | USD | 1 Quarter |
| Income tax payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$3.31K | USD | 1 Quarter |
| Income tax payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$2.96K | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$184.00 | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$184.00 | USD | 1 Quarter |
| Deferred revenues |
IncreaseDecreaseInContractWithCustomerLiability
|
$631.29K | USD | 1 Quarter |
| Deferred revenues |
IncreaseDecreaseInContractWithCustomerLiability
|
$522.52K | USD | 1 Quarter |
| Operating lease obligations |
OperatingLeasePaymentsUse
|
$67.68K | USD | 1 Quarter |
| Operating lease obligations |
OperatingLeasePaymentsUse
|
- | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-657.67K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-116.61K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.39K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$16.33K | USD | 1 Quarter |
| Software development costs |
PaymentsToDevelopSoftware
|
$138.21K | USD | 1 Quarter |
| Software development costs |
PaymentsToDevelopSoftware
|
$174.40K | USD | 1 Quarter |
| Acquisition of business |
PaymentsToAcquireBusinessesGross
|
- | USD | 1 Quarter |
| Acquisition of business |
PaymentsToAcquireBusinessesGross
|
$60.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-200.61K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-190.73K | USD | 1 Quarter |
| Payment of cash dividend |
PaymentsOfDividends
|
- | USD | 1 Quarter |
| Payment of cash dividend |
PaymentsOfDividends
|
$225.04K | USD | 1 Quarter |
| Repayment of contingent consideration |
OtherPaymentsToAcquireBusinesses
|
$24.91K | USD | 1 Quarter |
| Repayment of contingent consideration |
OtherPaymentsToAcquireBusinesses
|
$14.19K | USD | 1 Quarter |
| Repayment of long term debt |
RepaymentsOfLongTermDebt
|
$125.84K | USD | 1 Quarter |
| Repayment of long term debt |
RepaymentsOfLongTermDebt
|
$67.77K | USD | 1 Quarter |
| Payment of finance lease obligations |
FinanceLeasePrincipalPayments
|
$24.40K | USD | 1 Quarter |
| Payment of finance lease obligations |
FinanceLeasePrincipalPayments
|
$28.16K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-389.47K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-120.84K | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.25M | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-428.18K | USD | 1 Quarter |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.24M | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.81M | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.90M | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$653.12K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.24M | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.81M | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.90M | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$653.12K | USD | Point-in-time |
| Interest |
InterestPaidNet
|
$16.30K | USD | 1 Quarter |
| Interest |
InterestPaidNet
|
$6.50K | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
Stockholders Equity
13 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.33M | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.34M | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.44M | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.23M | USD | Point-in-time |
| Issuance of shares for professional services |
StockIssuedDuringPeriodValueIssuedForServices
|
$45.31K | USD | 1 Quarter |
| Share-Based Compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
$8.43K | USD | 1 Quarter |
| Share-Based Compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
$6.71K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$96.04K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$58.39K | USD | 1 Quarter |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.33M | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.34M | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.44M | 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.