Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Current Period Unaudited)

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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 265,258 $ 1,731,155
Accounts receivable, net 1,021,248 1,218,679
Other receivables 200,993 12,577
Prepaid expense and other current assets 121,653 264,117
Total current assets 1,609,152 3,226,528
Property and equipment, net 40,430 48,956
Capitalized technology, net 243,839 327,372
Goodwill 1,417,753 1,417,753
Intangible assets, net 4,809,733 134,733
Right-of-use assets 169,350 226,704
Security deposits 49,755 49,755
Other assets 3,806,000 2,550,000
Total assets 12,146,012 7,981,801
Current Liabilities:    
Accounts payable 536,622 155,661
Accrued expenses 1,006,118 863,888
Deferred revenue 1,261,928 1,842,036
Other current liabilities 831,762 0
Lease liability, current portion 100,451 94,248
Total current liabilities 3,736,881 2,955,833
Lease liability, non-current portion 109,166 185,064
Total liabilities 3,846,047 3,140,897
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 4,105,421 and 1,823,327 shares issued as of September 30, 2025 and December 31, 2024, and 4,105,369 and 1,823,275 shares outstanding as of September 30, 2025 and December 31, 2024. 41,054 18,233
Additional paid in capital 114,916,467 107,755,971
Accumulated deficit (105,970,511) (102,414,683)
Treasury stock, at cost; 52 and 52 shares at September 30, 2025 and December 31, 2024 (37,117) (37,117)
Total Professional Diversity Network, Inc. stockholders’ equity 8,949,893 5,322,404
Noncontrolling interest (649,928) (481,500)
Total stockholders’ equity 8,299,965 4,840,904
Total liabilities and stockholders’ equity $ 12,146,012 $ 7,981,801