Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net loss $ (1,542,878)us-gaap_NetIncomeLoss $ (262,543)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 934,923us-gaap_DepreciationAmortizationAndAccretionNet 90,906us-gaap_DepreciationAmortizationAndAccretionNet
Deferred tax benefit (969,626)us-gaap_DeferredIncomeTaxExpenseBenefit (179,267)us-gaap_DeferredIncomeTaxExpenseBenefit
Stock-based compensation expense 122,070us-gaap_ShareBasedCompensation   
Amortization of prepaid license fees 56,250ipdn_AmortizationOfPrepaidLicenseFees   
Amortization of premium on short-term investments, net 42,638us-gaap_InvestmentIncomeAmortizationOfPremium   
Amortization of customer deposits (56,250)ipdn_AmortizationOfCustomerDeposits   
Change in fair value of warrant liability (20,290)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet (43,809)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
Accretion of debt discount 2,604us-gaap_AmortizationOfDebtDiscountPremium   
Changes in operating assets and liabilities:    
Accounts receivable 435,763us-gaap_IncreaseDecreaseInAccountsReceivable 258,155us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses and other current assets 64,739us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (252,547)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Incremental direct costs (137,704)ipdn_IncreaseDecreaseDeferredSalesCommission   
Accounts payable (379,765)us-gaap_IncreaseDecreaseInAccountsPayable 176,593us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses 654,838us-gaap_IncreaseDecreaseInAccruedLiabilities 75,076us-gaap_IncreaseDecreaseInAccruedLiabilities
Deferred revenue 308,195us-gaap_IncreaseDecreaseInDeferredRevenue (209,699)us-gaap_IncreaseDecreaseInDeferredRevenue
Deferred rent 19,767ipdn_IncreaseDecreaseDeferredRent   
Net cash used in operating activities (464,726)us-gaap_NetCashProvidedByUsedInOperatingActivities (347,135)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Proceeds from maturities of short-term investments 2,879,000us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities   
Purchases of short-term investments    (7,500,341)us-gaap_PaymentsToAcquireMarketableSecurities
Costs incurred to develop technology (62,587)us-gaap_PaymentsToDevelopSoftware (48,313)us-gaap_PaymentsToDevelopSoftware
Purchases of property and equipment (26,403)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (11,597)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Security deposit (4,850)us-gaap_IncreaseDecreaseInSecurityDeposits   
Net cash used in investing activities 2,785,160us-gaap_NetCashProvidedByUsedInInvestingActivities (7,560,251)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Merchant reserve (305,110)ipdn_PaymentsToMerchantCashReserve   
Net cash provided by financing activities (305,110)us-gaap_NetCashProvidedByUsedInFinancingActivities   
Net (decrease) increase in cash and cash equivalents 2,015,324us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (7,907,386)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 1,519,467us-gaap_CashAndCashEquivalentsAtCarryingValue 18,736,495us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year 3,534,791us-gaap_CashAndCashEquivalentsAtCarryingValue 10,829,109us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of other cash flow information:    
Cash paid for income taxes 4,631us-gaap_IncomeTaxesPaid   
Cash paid for interest      
Non-cash disclosures:    
Working capital adjustment to note payable $ 31,804ipdn_WorkingCapitalAdjustmentToNotePayable