Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 3,534,791us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,519,467us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 2,981,181us-gaap_AccountsReceivableNetCurrent 3,448,748us-gaap_AccountsReceivableNetCurrent
Short-term investments 2,277,240us-gaap_MarketableSecuritiesCurrent 5,198,878us-gaap_MarketableSecuritiesCurrent
Incremental direct costs 1,038,572us-gaap_DeferredSalesCommission 900,868us-gaap_DeferredSalesCommission
Prepaid license fee 281,250ipdn_PrepaidLicenseFee 337,500ipdn_PrepaidLicenseFee
Prepaid expenses and other current assets 316,318us-gaap_PrepaidExpenseAndOtherAssetsCurrent 381,057us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Deferred tax asset 58,200us-gaap_DeferredTaxAssetsNetCurrent 58,200us-gaap_DeferredTaxAssetsNetCurrent
Total current assets 10,487,552us-gaap_AssetsCurrent 11,844,718us-gaap_AssetsCurrent
Property and equipment, net 788,274us-gaap_PropertyPlantAndEquipmentNet 874,769us-gaap_PropertyPlantAndEquipmentNet
Capitalized technology, net 497,719us-gaap_CapitalizedComputerSoftwareNet 526,070us-gaap_CapitalizedComputerSoftwareNet
Goodwill 45,180,531us-gaap_Goodwill 45,180,531us-gaap_Goodwill
Intangible assets, net 14,203,138us-gaap_IntangibleAssetsNetExcludingGoodwill 14,934,225us-gaap_IntangibleAssetsNetExcludingGoodwill
Merchant reserve 1,165,959ipdn_MerchantReserveAccount 860,849ipdn_MerchantReserveAccount
Security deposits 376,160us-gaap_SecurityDeposit 371,310us-gaap_SecurityDeposit
Total assets 72,699,333us-gaap_Assets 74,592,472us-gaap_Assets
Current Liabilities:    
Accounts payable 4,561,370us-gaap_AccountsPayableCurrent 4,941,135us-gaap_AccountsPayableCurrent
Accrued expenses 1,204,565us-gaap_AccruedLiabilitiesCurrent 549,727us-gaap_AccruedLiabilitiesCurrent
Deferred revenue 10,387,133us-gaap_DeferredRevenueCurrent 10,078,938us-gaap_DeferredRevenueCurrent
Customer deposits 281,250us-gaap_CustomerDepositsCurrent 337,500us-gaap_CustomerDepositsCurrent
Notes payable 1,357,582us-gaap_NotesPayableCurrent 1,389,386us-gaap_NotesPayableCurrent
Note payable - related party 439,790us-gaap_NotesPayableRelatedPartiesClassifiedCurrent 437,186us-gaap_NotesPayableRelatedPartiesClassifiedCurrent
Warrant liability 73,499us-gaap_DerivativeLiabilitiesCurrent 93,789us-gaap_DerivativeLiabilitiesCurrent
Capital lease obligations 15,232us-gaap_CapitalLeaseObligationsCurrent 15,232us-gaap_CapitalLeaseObligationsCurrent
Total current liabilities 18,320,421us-gaap_LiabilitiesCurrent 17,842,893us-gaap_LiabilitiesCurrent
Deferred rent 45,713us-gaap_DeferredRentCreditNoncurrent 25,946us-gaap_DeferredRentCreditNoncurrent
Deferred tax liability 2,111,985us-gaap_DeferredTaxLiabilitiesNoncurrent 3,081,611us-gaap_DeferredTaxLiabilitiesNoncurrent
Total liabilities 20,478,119us-gaap_Liabilities 20,950,450us-gaap_Liabilities
Commitments and contingencies      
Stockholders' Equity    
Common stock, $0.01 par value; 25,000,000 shares authorized; 12,928,072 shares as of March 31, 2015 and December 31, 2014; and 12,719,689 shares outstanding as of March 31, 2015 and December 31, 2014 127,280us-gaap_CommonStockValue 127,280us-gaap_CommonStockValue
Additional paid in capital 58,768,392us-gaap_AdditionalPaidInCapital 58,646,322us-gaap_AdditionalPaidInCapital
Accumulated deficit (6,637,341)us-gaap_RetainedEarningsAccumulatedDeficit (5,094,463)us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, at cost; 8,382 shares at March 31, 2015 and December 31, 2014 (37,117)us-gaap_TreasuryStockValue (37,117)us-gaap_TreasuryStockValue
Total stockholders' equity 52,221,214us-gaap_StockholdersEquity 53,642,022us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 72,699,333us-gaap_LiabilitiesAndStockholdersEquity $ 74,592,472us-gaap_LiabilitiesAndStockholdersEquity