Balance Sheet

v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,731,155 $ 627,641
Accounts receivable, net 1,218,679 1,134,067
Other receivables 12,577 50,000
Prepaid expense and other current assets 264,117 556,698
Total current assets 3,226,528 2,368,406
Property and equipment, net 48,956 42,043
Capitalized technology, net 327,372 186,103
Goodwill 1,417,753 1,417,753
Intangible assets, net 134,733 225,848
Right-of-use assets 226,704 298,485
Security deposits 49,755 66,340
Long-term restricted cash 0 184,055
Other assets 2,550,000 1,537,499
Total assets 7,981,801 6,326,532
Current Liabilities:    
Accounts payable 155,661 524,854
Accrued expenses 863,888 867,884
Deferred revenue 1,842,036 1,999,841
Lease liability, current portion 94,248 82,652
Total current liabilities 2,955,833 3,475,231
Lease liability, non-current portion 185,064 283,060
Total liabilities 3,140,897 3,758,291
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized, 1,823,327 shares and 1,145,253 shares issued as of December 31, 2024 and 2023, and 1,823,275 and 1,145,201 shares outstanding as of December 31, 2024 and 2023 18,233 11,452
Additional paid in capital 107,755,971 102,976,542
Accumulated other comprehensive income 0 0
Accumulated deficit (102,414,683) (99,902,718)
Treasury stock, at cost; 52 and 52 shares at December 31, 2024 and 2023 (37,117) (37,117)
Total Professional Diversity Network, Inc. stockholders’ equity 5,322,404 3,048,159
Non-controlling interest (481,500) (479,918)
Total stockholders’ equity 4,840,904 2,568,241
Total liabilities and stockholders’ equity $ 7,981,801 $ 6,326,532

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