Balance Sheet

v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 2,973,586 $ 3,402,697
Accounts receivable, net 1,094,143 1,389,112
Other receivables 350,000 350,000
Prepaid expense and other current assets 821,356 450,784
Current assets from discontinued operations 4,600 4,600
Total current assets 5,243,685 5,597,193
Property and equipment, net 28,571 29,040
Capitalized technology, net 38,646 43,038
Goodwill 1,274,785 1,274,785
Intangible assets, net 693,660 968,281
Right-of-use assets 412,470 427,652
Merchant reserve 190,849 380,849
Security deposits 66,340 66,340
Long-term assets from discontinued operations 197,919 197,595
Total assets 8,146,925 8,984,773
Current Liabilities:    
Accounts payable 460,917 248,595
Accrued expenses 1,712,657 1,878,415
Deferred revenue 2,213,412 2,149,885
Stock to be issued 400,000
Lease liability, current portion 70,942 81,825
Current liabilities from discontinued operations 438,569 420,850
Total current liabilities 4,896,497 5,179,570
Lease liability, non-current portion 428,363 434,938
Other long-term liabilities 100,000 100,000
Deferred tax liability 136,573 162,360
Total liabilities 5,561,433 5,876,868
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 16,490,007 shares and 16,068,300 shares issued as of March 31, 2022 and December 31, 2021, and 16,346,972 and 16,067,252 shares outstanding as of March 31, 2022 and December 31, 2021. 163,470 160,673
Additional paid in capital 98,961,858 98,440,172
Accumulated other comprehensive income 7,465 6,565
Accumulated deficit (96,483,083) (95,779,817)
Treasury stock, at cost; 143,035 shares at March 31, 2022 and 1,048 shares at December 31, 2021 (177,096) (37,117)
Total Professional Diversity Network, Inc. stockholders’ equity 2,472,614 2,790,476
Noncontrolling interest 112,878 317,429
Total stockholders’ equity 2,585,492 3,107,905
Total liabilities and stockholders’ equity $ 8,146,925 $ 8,984,773

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