Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Current Period Unaudited)

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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 496,437 $ 1,731,155
Accounts receivable, net 1,131,794 1,218,679
Other receivables 16,033 12,577
Prepaid expense and other current assets 142,975 264,117
Total current assets 1,787,239 3,226,528
Property and equipment, net 44,832 48,956
Capitalized technology, net 298,872 327,372
Goodwill 1,417,753 1,417,753
Intangible assets, net 126,400 134,733
Right-of-use assets 207,932 226,704
Security deposits 49,755 49,755
Other assets 3,806,000 2,550,000
Total assets 7,738,783 7,981,801
Current Liabilities:    
Accounts payable 426,704 155,661
Accrued expenses 859,752 863,888
Deferred revenue 1,897,532 1,842,036
Lease liability, current portion 96,285 94,248
Total current liabilities 3,280,273 2,955,833
Lease liability, non-current portion 160,142 185,064
Total liabilities 3,440,415 3,140,897
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 2,083,285 and 1,823,327 shares issued as of March 31, 2025 and December 31, 2024, and 2,083,233 and 1,823,275 shares outstanding as of March 31, 2025 and December 31, 2024. 20,833 18,233
Additional paid in capital 108,068,381 107,755,971
Accumulated deficit (103,136,745) (102,414,683)
Treasury stock, at cost; 52 and 52 shares at March 31, 2025 and December 31, 2024 (37,117) (37,117)
Total Professional Diversity Network, Inc. stockholders’ equity 4,915,352 5,322,404
Noncontrolling interest (616,984) (481,500)
Total stockholders’ equity 4,298,368 4,840,904
Total liabilities and stockholders’ equity $ 7,738,783 $ 7,981,801