Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Current Period Unaudited)

v3.25.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 125,081 $ 1,731,155
Accounts receivable, net 960,027 1,218,679
Other receivables 200,993 12,577
Prepaid expense and other current assets 148,987 264,117
Total current assets 1,435,088 3,226,528
Property and equipment, net 44,602 48,956
Capitalized technology, net 270,747 327,372
Goodwill 1,417,753 1,417,753
Intangible assets, net 118,067 134,733
Right-of-use assets 188,816 226,704
Security deposits 49,755 49,755
Other assets 3,806,000 2,550,000
Total assets 7,330,828 7,981,801
Current Liabilities:    
Accounts payable 713,025 155,661
Accrued expenses 893,018 863,888
Deferred revenue 1,571,480 1,842,036
Other current liabilities 78,474 0
Lease liability, current portion 98,352 94,248
Total current liabilities 3,354,349 2,955,833
Lease liability, non-current portion 134,845 185,064
Total liabilities 3,489,194 3,140,897
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 2,166,402 and 1,823,327 shares issued as of June 30, 2025 and December 31, 2024, and 2,166,350 and 1,823,275 shares outstanding as of June 30, 2025 and December 31, 2024. 21,664 18,233
Additional paid in capital 108,102,873 107,755,971
Accumulated deficit (103,612,710) (102,414,683)
Treasury stock, at cost; 52 and 52 shares at June 30, 2025 and December 31, 2024 (37,117) (37,117)
Total Professional Diversity Network, Inc. stockholders’ equity 4,474,710 5,322,404
Noncontrolling interest (633,076) (481,500)
Total stockholders’ equity 3,841,634 4,840,904
Total liabilities and stockholders’ equity $ 7,330,828 $ 7,981,801