Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.23.2
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 1,841,225 $ 2,195,507 $ 3,796,434 $ 4,248,387
Costs and expenses:        
Cost of revenues 765,241 932,443 1,839,722 1,794,115
Sales and marketing 1,116,085 700,622 1,937,588 1,419,251
General and administrative 1,244,005 357,458 2,297,236 1,464,978
Depreciation and amortization 147,159 232,037 279,933 513,309
Total costs and expenses 3,272,490 2,222,560 6,354,479 5,191,653
Loss from continuing operations (1,431,265) (27,053) (2,558,045) (943,266)
Other income (expense)        
 Interest expense
Interest and other income 497 (10,337) 7,081 (9,436)
Other income (expense), net 497 (10,337) 7,081 (9,436)
Loss before income tax expense (benefit) (1,430,768) (37,390) (2,550,964) (952,702)
Income tax expense (benefit) (950) (15,547) 9,923 10,241
Loss from continuing operations, net of tax (1,431,718) (52,937) (2,541,041) (942,461)
Loss from discontinued operations (6,078) (10,602) (17,808) (28,894)
Net loss including non-controlling interests (1,437,796) (63,539) (2,558,849) (971,355)
Net loss attributable to non-controlling interests 25,216 154,602 77,342 359,153
Net income (loss) attributable to Professional Diversity Network, Inc. (1,412,580) 91,063 (2,481,507) (612,202)
Other comprehensive loss, net of tax:        
Net income (loss) attributable to Professional Diversity Network, Inc. (1,412,580) 91,063 (2,481,507) (612,202)
Foreign currency translation adjustments (9,437) (11,282) (6,868) (10,382)
Comprehensive loss, net of tax $ (1,422,017) $ 79,781 $ (2,488,375) $ (622,584)
Basic and diluted loss per share:        
Continuing operations $ (0.14) $ (0.01) $ (0.25) $ (0.12)
Discontinued operations (0.00) (0.00) (0.00) (0.00)
Net loss per share $ (0.14) $ (0.01) $ (0.25) $ (0.12)
Weighted-average outstanding shares used in computing net loss per common share:        
Basic 10,387,359 8,202,793 10,149,410 8,103,557
Diluted 10,387,359 8,202,793 10,149,410 8,103,557
Membership Fees and Related Services [Member]        
Revenues:        
Total revenues $ 136,235 $ 161,435 $ 265,158 $ 357,444
Recruitment Services [Member]        
Revenues:        
Total revenues 1,076,023 1,341,031 2,179,418 2,674,395
Contracted Software Development [Member]        
Revenues:        
Total revenues 603,444 647,868 1,301,710 1,124,960
Consumer Advertising and Marketing Solutions [Member]        
Revenues:        
Total revenues $ 25,523 $ 45,173 $ 50,148 $ 91,588