Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

v2.4.1.9
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenues    
Recruitment services $ 2,920,791us-gaap_SalesRevenueServicesNet $ 2,468,382us-gaap_SalesRevenueServicesNet
Consumer advertising and consumer marketing solutions revenue 1,491,943us-gaap_AdvertisingRevenue 1,566,262us-gaap_AdvertisingRevenue
Membership fees and related services 5,932,138us-gaap_MembershipDuesRevenueOnGoing   
Lead generation revenues 1,061,041ipdn_LeadGenerationRevenues   
Product sales and other revenue 237,818us-gaap_SalesRevenueGoodsNet   
Total revenues 11,643,731us-gaap_Revenues 4,034,644us-gaap_Revenues
Costs and expenses:    
Cost of sales and services 2,153,900us-gaap_CostOfServices 1,152,544us-gaap_CostOfServices
Sales and marketing 8,040,797us-gaap_SellingAndMarketingExpense 2,346,847us-gaap_SellingAndMarketingExpense
General and administrative 6,392,109us-gaap_GeneralAndAdministrativeExpense 2,268,118us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization 1,084,451us-gaap_DepreciationDepletionAndAmortization 281,648us-gaap_DepreciationDepletionAndAmortization
Gain on bargain purchase of business (429,956)us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount   
Gain on sale of property and equipment    (4,158)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Total costs and expenses 17,241,301us-gaap_CostsAndExpenses 6,044,999us-gaap_CostsAndExpenses
Loss from operations (5,597,570)us-gaap_OperatingIncomeLoss (2,010,355)us-gaap_OperatingIncomeLoss
Other income (expense)    
Interest expense (3,370)us-gaap_InterestExpense (155,136)us-gaap_InterestExpense
Interest and other income 84,519us-gaap_InterestAndOtherIncome 25,765us-gaap_InterestAndOtherIncome
Acquisition related costs (1,195,195)us-gaap_BusinessCombinationAcquisitionRelatedCosts   
Loss on sale of marketable securities    (7,640)us-gaap_MarketableSecuritiesRealizedGainLoss
Other income (expense), net (1,114,046)us-gaap_NonoperatingIncomeExpense (137,011)us-gaap_NonoperatingIncomeExpense
Change in fair value of warrant liability (8,568)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet 330,147us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
Loss before income taxes (6,720,184)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (1,817,219)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax benefit (3,062,108)us-gaap_IncomeTaxExpenseBenefit (380,832)us-gaap_IncomeTaxExpenseBenefit
Net loss (3,658,076)us-gaap_NetIncomeLoss (1,436,387)us-gaap_NetIncomeLoss
Other comprehensive (loss) income:    
Net loss (3,658,076)us-gaap_NetIncomeLoss (1,436,387)us-gaap_NetIncomeLoss
Reclassification adjustments for losses on marketable securities included in net income    7,640us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
Comprehensive loss (3,658,076)us-gaap_ComprehensiveIncomeNetOfTax (1,428,747)us-gaap_ComprehensiveIncomeNetOfTax
Net loss per common share, basic and diluted $ (0.46)us-gaap_EarningsPerShareBasicAndDiluted $ (0.23)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average shares used in computing net loss per common share:    
Basic and diluted 8,016,074us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 6,318,085us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
Pro forma computation related to conversion to a C corporation upon completion of initial public offering in 2013:    
Historical pre-tax net loss before taxes (6,720,184)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (1,817,219)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Pro-forma tax benefit   (740,939)ipdn_ProFormaIncomeTaxExpenseBenefit
Pro-forma net loss   $ (1,076,280)ipdn_ProFormaNetIncomeLoss
Unaudited pro-forma loss per share   $ (0.17)us-gaap_EarningsPerShareDilutedProFormaAdjustment
Weighted average number of shares outstanding 8,016,074us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 6,318,085us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted