Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.23.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues:    
Total revenues $ 8,314,088 $ 6,098,599
Costs and expenses:    
Cost of revenues 4,260,012 1,523,800
Sales and marketing 2,805,542 2,457,019
General and administrative 3,574,314 4,623,083
Depreciation and amortization 776,095 385,161
Total costs and expenses 11,415,963 8,989,063
Loss from continuing operations (3,101,875) (2,890,464)
Other income (expense)    
Interest and other income (expense), net (3,652) 7,999
Other income (expense), net (3,652) 7,999
Loss before income tax benefit (3,105,527) (2,882,465)
Income tax benefit 13,188 21,540
Loss from continuing operations, net of tax (3,092,339) (2,860,925)
Loss from discontinued operations (65,055) (88,813)
Net loss including non-controlling interests (3,157,394) (2,949,738)
Net loss attributable to non-controlling interests 554,672 192,755
Net loss attributable to Professional Diversity Network, Inc. (2,602,722) (2,756,983)
Other comprehensive loss, net of tax:    
Foreign currency translation adjustment (17,551) (285,941)
Comprehensive loss $ (2,620,273) $ (3,042,924)
Basic and diluted loss per share:    
Continuing operations $ (0.38) $ (0.40)
Discontinued operations (0.01) (0.01)
Net loss per share $ (0.39) $ (0.41)
Weighted-average outstanding shares used in computing net loss per common share:    
Basic and diluted 8,195,282 7,221,739
Membership Fees And Related Services [Member]    
Revenues:    
Total revenues $ 639,271 $ 985,446
Recruitment Services [Member]    
Revenues:    
Total revenues 4,861,761 4,646,786
Contracted Software Development [Member]    
Revenues:    
Total revenues 2,645,619 302,882
Consumer Advertising And Marketing Solutions [Member]    
Revenues:    
Total revenues $ 167,437 $ 163,485