Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 3,402,697 $ 2,117,569
Accounts receivable, net 1,389,112 1,005,482
Other receivables 350,000
Incremental direct costs 36,212
Prepaid expense and other current assets 450,784 355,260
Current assets from discontinued operations 4,600 6,898
Total current assets 5,597,193 3,521,421
Property and equipment, net 29,040 10,382
Capitalized technology, net 43,038 25,867
Goodwill 1,274,785 339,451
Intangible assets, net 968,281 376,178
Right-of-use assets 427,652 487,677
Merchant reserve 380,849 760,849
Security deposits 66,340 66,340
Long-term assets from discontinued operations 197,595 3,085,178
Total assets 8,984,773 8,673,343
Current Liabilities:    
Accounts payable 248,595 728,379
Accrued expenses 1,878,415 1,626,164
Deferred revenue 2,149,885 1,901,129
Stock to be issued 400,000
Lease liability, current portion 81,825 46,526
Current liabilities from discontinued operations 420,850 375,276
Total current liabilities 5,179,570 4,677,474
Lease liability, non-current portion 434,938 463,998
Other long-term liabilities 100,000
Deferred tax liability 162,360 186,039
Total liabilities 5,876,868 5,327,511
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 16,068,300 shares and 12,820,891 shares issued as of December 31, 2021 and 2020, and 16,067,252 and 12,819,843 shares outstanding as of December 31, 2021 and 2020 160,673 128,198
Additional paid in capital 98,440,172 95,985,080
Accumulated other comprehensive income 6,565 292,506
Accumulated deficit (95,779,817) (93,022,835)
Treasury stock, at cost; 1,048 shares at December 31, 2021 and 2020 (37,117) (37,117)
Total Professional Diversity Network, Inc. stockholders’ equity 2,790,476 3,345,832
Non-controlling interest 317,429
Total stockholders’ equity 3,107,905 3,345,832
Total liabilities and stockholders’ equity $ 8,984,773 $ 8,673,343