Balance Sheet

v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,462,958 $ 3,402,697
Accounts receivable, net 896,307 1,389,112
Other receivables 350,252 350,000
Prepaid expense and other current assets 728,096 450,784
Current assets from discontinued operations 4,600 4,600
Total current assets 3,442,213 5,597,193
Property and equipment, net 35,852 29,040
Capitalized technology, net 44,530 43,038
Goodwill 1,274,785 1,274,785
Intangible assets, net 244,482 968,281
Right-of-use assets 381,311 427,652
Merchant reserve 30,849 380,849
Security deposits 66,340 66,340
Long-term investments 1,350,000
Long-term assets from discontinued operations 197,201 197,595
Total assets 7,067,563 8,984,773
Current Liabilities:    
Accounts payable 417,225 248,595
Accrued expenses 1,122,274 1,878,415
Deferred revenue 1,678,890 2,149,885
Stock to be issued 400,000
Lease liability, current portion 91,387 81,825
Current liabilities from discontinued operations 483,841 420,850
Total current liabilities 3,793,617 5,179,570
Lease liability, non-current portion 372,208 434,938
Other long-term liabilities 100,000 100,000
Deferred tax liability 120,707 162,360
Total liabilities 4,386,532 5,876,868
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 18,989,165 shares and 16,068,300 shares issued as of September 30, 2022 and December 31, 2021, and 18,409,281 and 16,067,252 shares outstanding as of September 30, 2022 and December 31, 2021. 184,093 160,673
Additional paid in capital 100,606,407 98,440,172
Accumulated other comprehensive (loss) income (14,604) 6,565
Accumulated deficit (97,351,520) (95,779,817)
Treasury stock, at cost; 579,884 shares at September 30, 2022 and 1,048 shares at December 31, 2021 (552,562) (37,117)
Total Professional Diversity Network, Inc. stockholders’ equity 2,871,814 2,790,476
Noncontrolling interest (190,783) 317,429
Total stockholders’ equity 2,681,031 3,107,905
Total liabilities and stockholders’ equity $ 7,067,563 $ 8,984,773

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