|3 Months Ended|
Mar. 31, 2021
|Subsequent Events [Abstract]|
13. Subsequent Events
On or about March 24, 2021, IPDN entered into a stock purchase agreement to purchase a significant equity stake in RemoteMore (USA) Inc. (“RemoteMore”). According to an arrangement between the parties, IPDN made a deposit of $60,000 to RemoteMore to facilitate the closing of the transaction. RemoteMore may use the deposit towards closing costs. If the transaction is closed as planned, this deposit will be treated as a part of the purchase price. If the transaction for whatever reasons is not closed, RemoteMore shall refund this deposit to IPDN.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef