Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 216,954 $ 1,731,155
Restricted cash 1,250,000 0
Accounts receivable, net 807,660 1,218,679
Other receivables 200,993 12,577
Prepaid expense and other current assets 84,190 264,117
Total current assets 2,559,797 3,226,528
Property and equipment, net 36,434 48,956
Capitalized technology, net 219,297 327,372
Goodwill 1,417,753 1,417,753
Intangible assets, net 9,629,008 134,733
Right-of-use assets 149,525 226,704
Security deposits 49,755 49,755
Other assets 3,806,000 2,550,000
Total assets 17,867,569 7,981,801
Current Liabilities:    
Accounts payable 737,877 155,661
Accrued expenses 1,333,570 863,888
Deferred revenue 1,193,267 1,842,036
Other current liabilities 3,235,530 0
Lease liability, current portion 102,581 94,248
Total current liabilities 6,602,825 2,955,833
Lease liability, non-current portion 82,484 185,064
Total liabilities 6,685,309 3,140,897
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 7,298,358 shares and 1,823,327 shares issued as of December 31, 2025 and 2024, and 7,298,306 and 1,823,275 shares outstanding as of December 31, 2025 and 2024 72,983 18,233
Additional paid in capital 120,579,209 107,755,971
Accumulated other comprehensive income 0 0
Accumulated deficit (108,865,674) (102,414,683)
Treasury stock, at cost; 52 and 52 shares at December 31, 2025 and 2024 (37,117) (37,117)
Total Professional Diversity Network, Inc. stockholders’ equity 11,749,401 5,322,404
Non-controlling interest (567,141) (481,500)
Total stockholders’ equity 11,182,260 4,840,904
Total liabilities and stockholders’ equity $ 17,867,569 $ 7,981,801