Balance Sheet

v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 2,439,386 $ 3,402,697
Accounts receivable, net 921,588 1,389,112
Other receivables 350,000 350,000
Prepaid expense and other current assets 508,478 450,784
Current assets from discontinued operations 4,600 4,600
Total current assets 4,224,052 5,597,193
Property and equipment, net 29,213 29,040
Capitalized technology, net 35,995 43,038
Goodwill 1,274,785 1,274,785
Intangible assets, net 469,071 968,281
Right-of-use assets 397,024 427,652
Merchant reserve 190,849 380,849
Security deposits 66,340 66,340
Long-term assets from discontinued operations 197,554 197,595
Total assets 6,884,883 8,984,773
Current Liabilities:    
Accounts payable 248,361 248,595
Accrued expenses 926,762 1,878,415
Deferred revenue 1,976,612 2,149,885
Stock to be issued 400,000
Lease liability, current portion 59,507 81,825
Current liabilities from discontinued operations 460,087 420,850
Total current liabilities 3,671,329 5,179,570
Lease liability, non-current portion 422,076 434,938
Other long-term liabilities 100,000 100,000
Deferred tax liability 146,436 162,360
Total liabilities 4,339,841 5,876,868
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 17,100,492 shares and 16,068,300 shares issued as of June 30, 2022 and December 31, 2021, and 16,682,497 and 16,067,252 shares outstanding as of June 30, 2022 and December 31, 2021. 166,825 160,673
Additional paid in capital 99,239,433 98,440,172
Accumulated other comprehensive income (3,817) 6,565
Accumulated deficit (96,392,020) (95,779,817)
Treasury stock, at cost; 419,043 shares at June 30, 2022 and 1,048 shares at December 31, 2021 (423,655) (37,117)
Total Professional Diversity Network, Inc. stockholders’ equity 2,586,766 2,790,476
Noncontrolling interest (41,724) 317,429
Total stockholders’ equity 2,545,042 3,107,905
Total liabilities and stockholders’ equity $ 6,884,883 $ 8,984,773

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