Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 1,519,467us-gaap_CashAndCashEquivalentsAtCarryingValue $ 18,736,495us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 3,448,748us-gaap_AccountsReceivableNetCurrent 1,218,112us-gaap_AccountsReceivableNetCurrent
Short-term investments 5,198,878us-gaap_MarketableSecuritiesCurrent   
Incremental direct costs 900,868us-gaap_DeferredSalesCommission   
Prepaid license fee 337,500ipdn_PrepaidLicenseFee   
Prepaid expenses and other current assets 381,057us-gaap_PrepaidExpenseAndOtherAssetsCurrent 99,094us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Deferred tax asset 58,200us-gaap_DeferredTaxAssetsNetCurrent   
Total current assets 11,844,718us-gaap_AssetsCurrent 20,053,701us-gaap_AssetsCurrent
Property and equipment, net 874,769us-gaap_PropertyPlantAndEquipmentNet 54,781us-gaap_PropertyPlantAndEquipmentNet
Capitalized technology, net 526,070us-gaap_FiniteLivedIntangibleAssetsNet 692,511us-gaap_FiniteLivedIntangibleAssetsNet
Goodwill 45,180,531us-gaap_Goodwill 735,328us-gaap_Goodwill
Intangible assets, net 14,934,225us-gaap_IntangibleAssetsNetExcludingGoodwill 90,400us-gaap_IntangibleAssetsNetExcludingGoodwill
Merchant reserve 860,849ipdn_MerchantReserveAccount   
Deferred tax asset    380,832us-gaap_DeferredTaxAssetsNetNoncurrent
Security deposits 371,310us-gaap_SecurityDeposit 12,644us-gaap_SecurityDeposit
Total assets 74,592,472us-gaap_Assets 22,020,197us-gaap_Assets
Current Liabilities:    
Accounts payable 4,941,135us-gaap_AccountsPayableCurrent 222,961us-gaap_AccountsPayableCurrent
Accrued expenses 549,727us-gaap_AccruedLiabilitiesCurrent 188,462us-gaap_AccruedLiabilitiesCurrent
Deferred revenue 10,078,938us-gaap_DeferredRevenueCurrent 1,024,420us-gaap_DeferredRevenueCurrent
Customer deposits 337,500us-gaap_CustomerDepositsCurrent   
Notes payable 1,389,386us-gaap_NotesPayableCurrent   
Note payable - related party 437,186us-gaap_NotesPayableRelatedPartiesClassifiedCurrent   
Warrant liability 93,789us-gaap_DerivativeLiabilitiesCurrent 85,221us-gaap_DerivativeLiabilitiesCurrent
Capital lease obligations 15,232us-gaap_CapitalLeaseObligationsCurrent   
Total current liabilities 17,842,893us-gaap_LiabilitiesCurrent 1,521,064us-gaap_LiabilitiesCurrent
Deferred rent 25,946us-gaap_DeferredRentCreditNoncurrent   
Deferred tax liability 3,081,611us-gaap_DeferredTaxLiabilitiesNoncurrent   
Total liabilities 20,950,450us-gaap_Liabilities 1,521,064us-gaap_Liabilities
Commitments and contingencies      
Stockholders' Equity    
Common stock, $0.01 par value, 25,000,000 shares authorized, 12,928,072 shares and 6,318,227 shares issued as of December 31, 2014 and 2013, respectively, and 12,719,689 and 6,316,027 shares outstanding as of December 31, 2014 and 2013, respectively 127,280us-gaap_CommonStockValue 63,182us-gaap_CommonStockValue
Additional paid in capital 58,646,322us-gaap_AdditionalPaidInCapital 21,883,593us-gaap_AdditionalPaidInCapital
Accumulated deficit (5,094,463)us-gaap_RetainedEarningsAccumulatedDeficit (1,436,387)us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, at cost; 8,382 shares at December 31, 2014 and 2,200 shares at December 31, 2013 (37,117)us-gaap_TreasuryStockValue (11,255)us-gaap_TreasuryStockValue
Total stockholders' equity 53,642,022us-gaap_StockholdersEquity 20,499,133us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 74,592,472us-gaap_LiabilitiesAndStockholdersEquity $ 22,020,197us-gaap_LiabilitiesAndStockholdersEquity