Income Statement
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
|
| Revenues: | ||||
| Revenue | $ 1,690,460 | $ 1,841,225 | $ 3,417,302 | $ 3,796,434 |
| Costs and expenses: | ||||
| Cost of revenues | 626,345 | 765,241 | 1,279,236 | 1,839,722 |
| Sales and marketing | 771,939 | 1,116,085 | 1,601,897 | 1,937,588 |
| General and administrative | 819,613 | 1,244,005 | 1,814,131 | 2,297,236 |
| Depreciation and amortization | 54,913 | 147,159 | 107,314 | 279,933 |
| Total costs and expenses | 2,272,810 | 3,272,490 | 4,802,578 | 6,354,479 |
| Loss from continuing operations | (582,350) | (1,431,265) | (1,385,276) | (2,558,045) |
| Other income (expense) | ||||
| Interest and other income | (112) | 497 | (1,848) | 7,081 |
| Other income (expense), net | (112) | 497 | (1,848) | 7,081 |
| Loss before income tax expense (benefit) | (582,462) | (1,430,768) | (1,387,124) | (2,550,964) |
| Income tax expense (benefit) | 3,781 | 950 | 6,271 | (9,923) |
| Loss from continuing operations, net of tax | (586,243) | (1,431,718) | (1,393,395) | (2,541,041) |
| Loss from discontinued operations | 0 | (6,078) | 0 | (17,808) |
| Net loss including non-controlling interests | (586,243) | (1,437,796) | (1,393,395) | (2,558,849) |
| Net loss attributable to non-controlling interests | 33,096 | 25,216 | 48,416 | 77,342 |
| Net loss attributable to Professional Diversity Network, Inc. | (553,147) | (1,412,580) | (1,344,979) | (2,481,507) |
| Other comprehensive loss, net of tax: | ||||
| Net loss attributable to Professional Diversity Network, Inc. | (553,147) | (1,412,580) | (1,344,979) | (2,481,507) |
| Foreign currency translation adjustments | 0 | (9,437) | 0 | (6,868) |
| Comprehensive loss, net of tax | $ (553,147) | $ (1,422,017) | $ (1,344,979) | $ (2,488,375) |
| Basic and diluted loss per share: | ||||
| Net loss per share (in dollars per share) | $ (0.05) | $ (0.14) | $ (0.12) | $ (0.25) |
| Weighted-average outstanding shares used in computing net loss per common share: | ||||
| Basic and diluted (in shares) | 11,650,830 | 10,387,359 | 11,561,343 | 10,149,410 |
| Membership Fees and Related Services [Member] | ||||
| Revenues: | ||||
| Revenue | $ 108,355 | $ 136,235 | $ 235,701 | $ 265,158 |
| Recruitment Services [Member] | ||||
| Revenues: | ||||
| Revenue | 1,145,278 | 1,076,023 | 2,249,049 | 2,179,418 |
| Contracted Software Development [Member] | ||||
| Revenues: | ||||
| Revenue | 428,881 | 603,444 | 913,842 | 1,301,710 |
| Consumer Advertising and Marketing Solutions [Member] | ||||
| Revenues: | ||||
| Revenue | $ 7,946 | $ 25,523 | $ 18,710 | $ 50,148 |
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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