Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,236,771 $ 3,402,697
Accounts receivable, net 1,318,217 1,389,112
Other receivables 350,000 350,000
Prepaid expense and other current assets 347,807 450,784
Current assets from discontinued operations 4,600 4,600
Total current assets 3,257,395 5,597,193
Property and equipment, net 35,341 29,040
Capitalized technology, net 64,499 43,038
Goodwill 1,274,785 1,274,785
Intangible assets, net 225,221 968,281
Right-of-use assets 365,324 427,652
Merchant reserve 380,849
Security deposits 66,340 66,340
Other assets 1,350,000
Long-term assets from discontinued operations 197,228 197,595
Total assets 6,836,133 8,984,773
Current Liabilities:    
Accounts payable 338,600 248,595
Accrued expenses 1,071,842 1,878,415
Deferred revenue 1,925,788 2,149,885
Stock to be issued 400,000
Lease liability, current portion 103,555 81,825
Current liabilities from discontinued operations 503,090 420,850
Total current liabilities 3,942,875 5,179,570
Lease liability, non-current portion 341,165 434,938
Other long-term liabilities 100,000 100,000
Deferred tax liability 143,069 162,360
Total liabilities 4,527,109 5,876,868
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 10,898,376 shares and 8,034,150 shares issued as of December 31, 2022 and 2021, and 10,367,431 and 8,033,626 shares outstanding as of December 31, 2022 and 2021 103,675 80,337
Additional paid in capital 101,728,600 98,520,509
Accumulated other comprehensive income (10,986) 6,565
Accumulated deficit (98,382,540) (95,779,818)
Treasury stock, at cost; 530,945 and 524 shares at December 31, 2022 and 2021 (892,482) (37,117)
Total Professional Diversity Network, Inc. stockholders’ equity 2,546,267 2,790,476
Non-controlling interest (237,243) 317,429
Total stockholders’ equity 2,309,024 3,107,905
Total liabilities and stockholders’ equity $ 6,836,133 $ 8,984,773