Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.22.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Total revenues $ 2,052,880 $ 1,484,852
Costs and expenses:    
Cost of revenues 861,672 261,154
Sales and marketing 718,629 699,715
General and administrative 1,107,520 1,317,853
Depreciation and amortization 281,272 29,607
Total costs and expenses 2,969,093 2,308,329
Loss from continuing operations (916,213) (823,477)
Other income (expense)    
Interest expense
Interest and other income 901 885
Other income (expense), net 901 885
Loss before income tax expense (benefit) (915,312) (822,592)
Income tax expense (benefit) (25,788) (66,977)
Loss from continuing operations, net of tax (889,524) (755,615)
Loss from discontinued operations (18,292) (15,074)
Net loss including non-controlling interests (907,816) (770,689)
Net loss attributable to non-controlling interests 204,551
Net loss attributable to Professional Diversity Network, Inc. (703,265) (770,689)
Other comprehensive loss, net of tax:    
Net loss attributable to Professional Diversity Network, Inc. (703,265) (770,689)
Foreign currency translation adjustments 900 (292,119)
Comprehensive loss, net of tax $ (702,365) $ (1,062,808)
Loss per share attributable to Professional Diversity Network, Inc., basic and diluted:    
Continuing operations $ (0.06) $ (0.06)
Discontinued operations (0.00) (0.00)
Net loss attributable to Professional Diversity Network, Inc. $ (0.06) $ (0.06)
Weighted average shares outstanding:    
Basic and diluted 16,207,113 13,263,402
Membership Fees and Related Services [Member]    
Revenues:    
Total revenues $ 196,009 $ 264,636
Recruitment Services [Member]    
Revenues:    
Total revenues 1,333,364 1,175,080
Contracted Software Development [Member]    
Revenues:    
Total revenues 477,092
Consumer Advertising and Marketing Solutions [Member]    
Revenues:    
Total revenues $ 46,415 $ 45,136