Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.22.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues:    
Total revenues $ 6,098,599 $ 4,456,736
Costs and expenses:    
Cost of revenues 1,523,800 787,184
Sales and marketing 2,457,019 1,915,422
General and administrative 4,623,083 6,429,445
Depreciation and amortization 385,161 169,902
Total costs and expenses 8,989,063 9,301,953
Loss from continuing operations (2,890,464) (4,845,217)
Other income (expense)    
PPP loan forgiveness 651,077
Interest income 8,245
Other income (expense), net (246) 963
Other income (expense), net 7,999 652,040
Loss before income tax benefit (2,882,465) (4,193,177)
Income tax benefit (21,540) (35,215)
Loss from continuing operations, net of tax (2,860,925) (4,157,962)
Loss from discontinued operations (88,813) (193,613)
Net loss including non-controlling interests (2,949,738) (4,351,575)
Net loss attributable to non-controlling interests 192,755
Net loss attributable to Professional Diversity Network, Inc. (2,756,983) (4,351,575)
Other comprehensive loss:    
Net loss (2,756,983) (4,351,575)
Foreign currency translation adjustment (285,941) 248,264
Comprehensive loss: $ (3,042,924) $ (4,103,311)
Basic and diluted loss per share:    
Continuing operations $ (0.19) $ (0.37)
Discontinued operations (0.01) (0.02)
Net loss $ (0.20) $ (0.39)
Weighted average outstanding shares used in computing net loss per common share:    
Basic and diluted 14,443,478 11,276,228
Membership Fees and Related Services [Member]    
Revenues:    
Total revenues $ 985,446 $ 1,350,527
Recruitment Services [Member]    
Revenues:    
Total revenues 4,646,786 2,962,275
Contracted Software Development [Member]    
Revenues:    
Total revenues 302,882
Consumer Advertising and Marketing Solutions [Member]    
Revenues:    
Total revenues $ 163,485 $ 143,934