Balance Sheet

v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 4,092,473 $ 2,117,569
Accounts receivable, net 1,385,310 1,005,482
Incremental direct costs 25,367 36,212
Prepaid expense and other current assets 251,997 355,260
Current assets from discontinued operations 4,600 6,898
Total current assets 5,759,747 3,521,421
Property and equipment, net 23,569 10,382
Capitalized technology, net 47,430 25,867
Goodwill 1,274,785 339,451
Intangible assets, net 1,257,205 376,178
Right-of-use assets 442,575 487,677
Merchant reserve 380,849 760,849
Security deposits 416,340 66,340
Long-term assets from discontinued operations 197,620 3,085,178
Total assets 9,800,120 8,673,343
Current Liabilities:    
Accounts payable 286,775 728,379
Accrued expenses 1,550,514 1,626,164
Deferred revenue 2,003,510 1,901,129
Stock to be issued 400,000
Lease liability, current portion 92,164 46,526
Current liabilities from discontinued operations 407,374 375,276
Total current liabilities 4,740,337 4,677,474
Lease liability, non-current portion 441,798 463,998
Other long-term liabilities 100,000
Deferred tax liability 167,692 186,039
Total liabilities 5,449,827 5,327,511
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 16,018,212 shares and 12,820,891 shares issued as of September 30, 2021 and December 31, 2020, and 16,017,204 and 12,819,843 shares outstanding as of September 30, 2021 and December 31, 2020. 160,183 128,198
Additional paid in capital 98,242,236 95,985,080
Accumulated other comprehensive income 3,054 292,506
Accumulated deficit (94,509,710) (93,022,835)
Treasury stock, at cost; 1,048 shares at September 30, 2021 and December 31, 2020 (37,117) (37,117)
Total Professional Diversity Network, Inc. stockholders’ equity 3,858,646 3,345,832
Noncontrolling interest 491,647
Total stockholders’ equity 4,350,293 3,345,832
Total liabilities, noncontrolling interests, and stockholders’ equity $ 9,800,120 $ 8,673,343

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