Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.24.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues:    
Revenue $ 7,699,037 $ 8,314,088
Costs and expenses:    
Cost of revenues 3,460,957 4,260,012
Sales and marketing 3,700,997 2,805,542
General and administrative 4,451,630 3,574,314
Depreciation and amortization 624,004 776,095
Total costs and expenses 12,237,588 11,415,963
Loss from continuing operations (4,538,551) (3,101,875)
Other income (expense)    
Interest and other income (expense), net 12,934 (3,652)
Other income (expense), net 12,934 (3,652)
Loss before income tax benefit (4,525,617) (3,105,527)
Income tax benefit 139,380 13,188
Loss from continuing operations, net of tax (4,386,237) (3,092,339)
Loss from discontinued operations (28,428) (65,055)
Net loss including non-controlling interests (4,414,665) (3,157,394)
Net loss attributable to non-controlling interests 103,366 554,672
Net loss attributable to Professional Diversity Network, Inc. (4,311,299) (2,602,722)
Other comprehensive loss, net of tax:    
Net loss attributable to Professional Diversity Network, Inc. (4,311,299) (2,602,722)
Foreign currency translation adjustment (5,695) (17,551)
Comprehensive loss $ (4,316,994) $ (2,620,273)
Basic and diluted loss per share:    
Continuing operations (in dollars per share) $ (0.43) $ (0.38)
Discontinued operations (in dollars per share) (0) (0.01)
Net loss per share (in dollars per share) $ (0.43) $ (0.39)
Weighted-average outstanding shares used in computing net loss per common share:    
Basic and diluted (in shares) 10,621,522 8,195,282
Membership Fees and Related Services [Member]    
Revenues:    
Revenue $ 530,745 $ 639,271
Recruitment Services [Member]    
Revenues:    
Revenue 4,639,642 4,861,761
Contracted Software Development [Member]    
Revenues:    
Revenue 2,437,352 2,645,619
Consumer Advertising and Marketing Solutions [Member]    
Revenues:    
Revenue $ 91,298 $ 167,437