Balance Sheet

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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 97,108 $ 627,641
Accounts receivable, net 1,120,006 1,134,067
Other receivables 50,977 50,000
Prepaid expense and other current assets 548,437 556,698
Total current assets 1,816,528 2,368,406
Property and equipment, net 40,779 42,043
Capitalized technology, net 245,099 186,103
Goodwill 1,417,753 1,417,753
Intangible assets, net 198,254 225,848
Right-of-use assets 281,019 298,485
Security deposits 49,755 66,340
Long-term restricted cash 184,055 184,055
Other assets 1,443,749 1,537,499
Total assets 5,676,991 6,326,532
Current Liabilities:    
Accounts payable 476,635 524,854
Accrued expenses 834,771 867,884
Deferred revenue 2,175,064 1,999,841
Lease liability, current portion 83,265 82,652
Total current liabilities 3,569,735 3,475,231
Lease liability, non-current portion 261,481 283,060
Total liabilities 3,831,216 3,758,291
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 11,492,749 and 11,452,532 shares issued as of March 31, 2024 and December 31, 2023, and 11,492,225 and 11,452,008 shares outstanding as of March 31, 2024 and December 31, 2023. 114,922 114,520
Additional paid in capital 102,957,758 102,873,474
Accumulated deficit (100,694,550) (99,902,718)
Treasury stock, at cost; 524 and 524 shares at March 31, 2024 and December 31, 2023 (37,117) (37,117)
Total Professional Diversity Network, Inc. stockholders’ equity 2,341,013 3,048,159
Noncontrolling interest (495,238) (479,918)
Total stockholders’ equity 1,845,775 2,568,241
Total liabilities and stockholders’ equity $ 5,676,991 $ 6,326,532

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