Balance Sheet

v3.24.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 627,641 $ 1,236,771
Accounts receivable, net 1,134,067 1,318,217
Other receivables 50,000 350,000
Prepaid expense and other current assets 556,698 347,807
Current assets from discontinued operations 0 4,600
Total current assets 2,368,406 3,257,395
Property and equipment, net 42,043 35,341
Capitalized technology, net 186,103 64,499
Goodwill 1,417,753 1,274,785
Intangible assets, net 225,848 225,221
Right-of-use assets 298,485 365,324
Security deposits 66,340 66,340
Long-term restricted cash 184,055 0
Other assets 1,537,499 1,350,000
Long-term assets from discontinued operations 0 197,228
Total assets 6,326,532 6,836,133
Current Liabilities:    
Accounts payable 524,854 338,600
Accrued expenses 867,884 1,071,842
Deferred revenue 1,999,841 1,925,788
Lease liability, current portion 82,652 103,555
Current liabilities from discontinued operations 0 503,090
Total current liabilities 3,475,231 3,942,875
Lease liability, non-current portion 283,060 341,165
Other long-term liabilities 0 100,000
Deferred tax liability 0 143,069
Total liabilities 3,758,291 4,527,109
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 11,452,532 shares and 10,898,376 shares issued as of December 31, 2023 and 2022, and 11,452,008 and 10,367,431 shares outstanding as of December 31, 2023 and 2022 114,520 103,675
Additional paid in capital 102,873,474 101,728,600
Accumulated other comprehensive income 0 (10,986)
Accumulated deficit (99,902,718) (98,382,540)
Treasury stock, at cost; 524 and 530,945 shares at December 31, 2023 and 2022 (37,117) (892,482)
Total Professional Diversity Network, Inc. stockholders’ equity 3,048,159 2,546,267
Non-controlling interest (479,918) (237,243)
Total stockholders’ equity 2,568,241 2,309,024
Total liabilities and stockholders’ equity $ 6,326,532 $ 6,836,133

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