Balance Sheet

v3.23.3
Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 615,133 $ 1,236,771
Accounts receivable, net 904,351 1,318,217
Other receivables 50,000 350,000
Prepaid expense and other current assets 671,963 347,807
Current assets from discontinued operations 4,600 4,600
Total current assets 2,246,047 3,257,395
Property and equipment, net 38,616 35,341
Capitalized technology, net 128,000 64,499
Goodwill 1,417,753 1,274,785
Intangible assets, net 398,141 225,221
Right-of-use assets 315,639 365,324
Security deposits 66,340 66,340
Other assets 1,770,560 1,350,000
Long-term assets from discontinued operations 197,100 197,228
Total assets 6,578,196 6,836,133
Current Liabilities:    
Accounts payable 636,670 338,600
Accrued expenses 919,773 1,071,842
Deferred revenue 1,867,195 1,925,788
Lease liability, current portion 82,039 103,555
Current liabilities from discontinued operations 509,253 503,090
Total current liabilities 4,014,930 3,942,875
Lease liability, non-current portion 304,329 341,165
Other long-term liabilities 100,000
Deferred tax liability 122,229 143,069
Total liabilities 4,441,488 4,527,109
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 11,071,008 and 10,898,376 shares issued as of September 30, 2023 and December 31, 2022, and 11,070,484 and 10,367,431 shares outstanding as of September 30, 2023 and December 31, 2022. 110,705 103,675
Additional paid in capital 104,589,047 101,728,600
Accumulated other comprehensive (loss) income (16,681) (10,986)
Accumulated deficit (102,180,178) (98,382,540)
Treasury stock, at cost; 524 and 530,945 shares at September 30, 2023 and December 31, 2022 (37,117) (892,482)
Total Professional Diversity Network, Inc. stockholders’ equity 2,465,776 2,546,267
Noncontrolling interest (329,068) (237,243)
Total stockholders’ equity 2,136,708 2,309,024
Total liabilities and stockholders’ equity $ 6,578,196 $ 6,836,133

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