Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.23.3
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 2,008,368 $ 2,114,495 $ 5,804,802 $ 6,362,882
Costs and expenses:        
Cost of revenues 923,641 1,228,542 2,763,363 3,022,657
Sales and marketing 912,665 759,885 2,850,253 2,179,136
General and administrative 1,352,308 1,003,956 3,649,544 2,468,934
Depreciation and amortization 148,722 232,748 428,655 746,057
Total costs and expenses 3,337,336 3,225,131 9,691,815 8,416,784
Loss from continuing operations (1,328,968) (1,110,636) (3,887,013) (2,053,902)
Other income (expense)        
Interest and other income 1,746 (10,083) 8,827 (19,519)
Other income (expense), net 1,746 (10,083) 8,827 (19,519)
Loss before income tax benefit (1,327,222) (1,120,719) (3,878,186) (2,073,421)
Income tax benefit 7,228 25,479 17,151 35,720
Loss from continuing operations, net of tax (1,319,994) (1,095,240) (3,861,035) (2,037,701)
Loss from discontinued operations (10,620) (13,319) (28,428) (42,213)
Net loss including non-controlling interests (1,330,614) (1,108,559) (3,889,463) (2,079,914)
Net loss attributable to non-controlling interests 14,483 149,059 91,825 508,212
Net income (loss) attributable to Professional Diversity Network, Inc. (1,316,131) (959,500) (3,797,638) (1,571,702)
Other comprehensive loss, net of tax:        
Net income (loss) attributable to Professional Diversity Network, Inc. (1,316,131) (959,500) (3,797,638) (1,571,702)
Foreign currency translation adjustments 1,173 (10,787) (5,695) (21,169)
Comprehensive loss, net of tax $ (1,314,958) $ (970,287) $ (3,803,333) $ (1,592,871)
Basic and diluted loss per share:        
Continuing operations, Basic $ (0.12) $ (0.13) $ (0.37) $ (0.25)
Continuing operations, Diluted (0.12) (0.13) (0.37) (0.25)
Discontinued operations, Basic
Discontinued operations, Diluted
Net loss per share, Basic (0.12) (0.13) (0.37) (0.25)
Net loss per share, Diluted $ (0.12) $ (0.13) $ (0.37) $ (0.25)
Weighted-average outstanding shares used in computing net loss per common share:        
Basic 11,115,612 8,461,494 10,453,764 8,195,282
Diluted 11,115,612 8,461,494 10,453,764 8,195,282
Membership Fees and Related Services [Member]        
Revenues:        
Total revenues $ 135,145 $ 152,462 $ 400,303 $ 509,906
Recruitment Services [Member]        
Revenues:        
Total revenues 1,242,711 1,165,213 3,422,129 3,839,608
Contracted Software Development [Member]        
Revenues:        
Total revenues 604,996 757,492 1,906,706 1,882,452
Consumer Advertising and Marketing Solutions [Member]        
Revenues:        
Total revenues $ 25,516 $ 39,328 $ 75,664 $ 130,916