CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
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3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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Cash flows from operating activities: | ||
Net loss | $ (1,542,878)us-gaap_NetIncomeLoss | $ (262,543)us-gaap_NetIncomeLoss |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation and amortization | 934,923us-gaap_DepreciationAmortizationAndAccretionNet | 90,906us-gaap_DepreciationAmortizationAndAccretionNet |
Deferred tax benefit | (969,626)us-gaap_DeferredIncomeTaxExpenseBenefit | (179,267)us-gaap_DeferredIncomeTaxExpenseBenefit |
Stock-based compensation expense | 122,070us-gaap_ShareBasedCompensation | |
Amortization of prepaid license fees | 56,250ipdn_AmortizationOfPrepaidLicenseFees | |
Amortization of premium on short-term investments, net | 42,638us-gaap_InvestmentIncomeAmortizationOfPremium | |
Amortization of customer deposits | (56,250)ipdn_AmortizationOfCustomerDeposits | |
Change in fair value of warrant liability | (20,290)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet | (43,809)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet |
Accretion of debt discount | 2,604us-gaap_AmortizationOfDebtDiscountPremium | |
Changes in operating assets and liabilities: | ||
Accounts receivable | 435,763us-gaap_IncreaseDecreaseInAccountsReceivable | 258,155us-gaap_IncreaseDecreaseInAccountsReceivable |
Prepaid expenses and other current assets | 64,739us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (252,547)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
Incremental direct costs | (137,704)ipdn_IncreaseDecreaseDeferredSalesCommission | |
Accounts payable | (379,765)us-gaap_IncreaseDecreaseInAccountsPayable | 176,593us-gaap_IncreaseDecreaseInAccountsPayable |
Accrued expenses | 654,838us-gaap_IncreaseDecreaseInAccruedLiabilities | 75,076us-gaap_IncreaseDecreaseInAccruedLiabilities |
Deferred revenue | 308,195us-gaap_IncreaseDecreaseInDeferredRevenue | (209,699)us-gaap_IncreaseDecreaseInDeferredRevenue |
Deferred rent | 19,767ipdn_IncreaseDecreaseDeferredRent | |
Net cash used in operating activities | (464,726)us-gaap_NetCashProvidedByUsedInOperatingActivities | (347,135)us-gaap_NetCashProvidedByUsedInOperatingActivities |
Cash flows from investing activities: | ||
Proceeds from maturities of short-term investments | 2,879,000us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities | |
Purchases of short-term investments | (7,500,341)us-gaap_PaymentsToAcquireMarketableSecurities | |
Costs incurred to develop technology | (62,587)us-gaap_PaymentsToDevelopSoftware | (48,313)us-gaap_PaymentsToDevelopSoftware |
Purchases of property and equipment | (26,403)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (11,597)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Security deposit | (4,850)us-gaap_IncreaseDecreaseInSecurityDeposits | |
Net cash used in investing activities | 2,785,160us-gaap_NetCashProvidedByUsedInInvestingActivities | (7,560,251)us-gaap_NetCashProvidedByUsedInInvestingActivities |
Cash flows from financing activities: | ||
Merchant reserve | (305,110)ipdn_PaymentsToMerchantCashReserve | |
Net cash provided by financing activities | (305,110)us-gaap_NetCashProvidedByUsedInFinancingActivities | |
Net (decrease) increase in cash and cash equivalents | 2,015,324us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (7,907,386)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents, beginning of year | 1,519,467us-gaap_CashAndCashEquivalentsAtCarryingValue | 18,736,495us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents, end of year | 3,534,791us-gaap_CashAndCashEquivalentsAtCarryingValue | 10,829,109us-gaap_CashAndCashEquivalentsAtCarryingValue |
Supplemental disclosures of other cash flow information: | ||
Cash paid for income taxes | 4,631us-gaap_IncomeTaxesPaid | |
Cash paid for interest | ||
Non-cash disclosures: | ||
Working capital adjustment to note payable | $ 31,804ipdn_WorkingCapitalAdjustmentToNotePayable |
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- Definition
Amount of amortization of customer deposits recognized in the income statement. No definition available.
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Amount of amortization of prepaid license fees recognized in the income statement. No definition available.
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- Definition
The increase (decrease) during the period in the amount of deferred rent. No definition available.
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- Definition
The increase (decrease) during the reporting period in deferred sales commission. No definition available.
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- Definition
Cash outflow to merchant cash reserve. No definition available.
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- Definition
Working Capital Adjustment To Note Payable. No definition available.
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- Details
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- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in security deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of amortization of purchase premium on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Cash outflow for purchase of trading, available-for-sale securities and held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the development or modification of software programs or applications for internal use (that is, not to be sold, leased or otherwise marketed to others) that qualify for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities (held-to-maturity or available-for-sale) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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