Professional Diversity Network, Inc. (IPDN) financial statements (2022 and earlier)

Company profile

Business Address 55 EAST MONROE STREET
CHICAGO, IL 60603
State of Incorp. DE
Fiscal Year End December 31
SIC 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,4032,1186341,4423,0146,0692,571
Cash and cash equivalents3,4032,1186341,4423,0146,0692,071
Short-term investments      500
Receivables1,7391,0057218171,9982,1712,511
Disposal group, including discontinued operation5776126   
Other undisclosed current assets4513912743726241,3801,548
Total current assets:5,5973,5211,7042,7565,6369,6206,629
Noncurrent Assets
Operating lease, right-of-use asset42848893
Property, plant and equipment29102184237278444
Intangible assets, net (including goodwill)2,2437167921,36011,97129,38532,253
Goodwill1,2753393393395,59020,20120,201
Intangible assets, net (excluding goodwill)9683764521,0216,3819,18312,052
Disposal group, including discontinued operation, noncurrent assets1983,0853,109    
Other noncurrent assets     35 
Deferred tax assets, net   (4,953)
Other undisclosed noncurrent assets4908538721,0381,1451,8217,054
Total noncurrent assets:3,3885,1524,8872,48213,35331,51834,799
TOTAL ASSETS:8,9858,6736,5925,23818,98941,13841,428
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1272,3551,4502,8332,7713,1355,304
Accounts payable2497287961,8441,5242,1724,466
Accrued liabilities1,8781,6266549901,247962838
Deferred revenue2,1501,9011,699
Debt  105    
Due to related parties   500  445
Disposal group, including discontinued operation421375564347   
Deferred revenue and credits565,4867,507
Customer advances and deposits  113
Contract with customer, liability2,460
Other undisclosed current liabilities48247  3,948  
Total current liabilities:5,1804,6773,8186,1406,7758,62013,368
Noncurrent Liabilities
Long-term debt and lease obligation435464     
Operating lease, liability435464 
Liabilities, other than long-term debt2621862212091,8563,7425,414
Deferred revenue and credits 5645
Deferred rent credit   14
Deferred tax liabilities, net1951,8043,6534,943
Deferred income tax liabilities162186221
Other liabilities100  05233426
Other undisclosed noncurrent liabilities    56  
Total noncurrent liabilities:6976502212091,9123,7425,414
Total liabilities:5,8775,3284,0406,3498,68712,36218,783
Stockholders' equity
Stockholders' equity attributable to parent, including:2,7903,3462,552(1,111)10,30228,77622,645
Common stock16112889494036145
Treasury stock, value(37)(37)(37)(37)(37)(37)(37)
Additional paid in capital98,44095,98591,12783,72980,01676,23563,428
Accumulated other comprehensive income (loss)729344(24)29  
Retained earnings (accumulated deficit)(95,780)(93,023)(88,671)(84,827)69,746(47,458)(40,890)
Other undisclosed stockholders' equity attributable to parent    (139,492)  
Stockholders' equity attributable to noncontrolling interest317      
Total stockholders' equity:3,1083,3462,552(1,111)10,30228,77622,645
TOTAL LIABILITIES AND EQUITY:8,9858,6736,5925,23818,98941,13841,428

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,0994,4575,0258,45322,05426,22738,614
Revenue, net12,30419,98829,115
Cost of revenue(1,524)(787)(884)(1,613)(3,968)(5,166)(6,705)
Cost of goods and services sold    (145)(3,082)(5,576)
Gross profit:4,5753,6704,1416,84018,08621,06131,909
Operating expenses(7,080)(8,345)(6,433)(20,376)(38,926)(24,648)(65,841)
Other undisclosed operating loss(385)(170)(704)(2,618)(3,197)  
Operating loss:(2,890)(4,845)(2,996)(16,154)(24,037)(3,586)(33,932)
Nonoperating income (expense)865227184(1,411)(38)
Investment income, nonoperating     (401)17
Other nonoperating income (expense)(0)118238  
Interest and debt expense   (5)(12)148(85)
Loss from continuing operations before equity method investments, income taxes:(2,882)(4,193)(2,970)(16,140)(24,045)(4,849)(34,055)
Other undisclosed income (loss) from continuing operations before income taxes   51,012(549)179
Loss from continuing operations before income taxes:(2,882)(4,193)(2,970)(16,136)(23,033)(5,398)(33,876)
Income tax expense (benefit)22351781,5641,7461,290(1,919)
Loss from continuing operations:(2,861)(4,158)(2,792)(14,572)(21,288)(4,109)(35,796)
Loss from discontinued operations(89)      
Net loss:(2,950)(4,158)(2,792)(14,572)(21,288)(4,109)(35,796)
Net income attributable to noncontrolling interest193      
Other undisclosed net loss attributable to parent (194)(1,052)(509)(1,000)  
Net loss available to common stockholders, diluted:(2,757)(4,352)(3,844)(15,081)(22,288)(4,109)(35,796)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(2,950)(4,158)(2,792)(14,572)(21,288)(4,109)(35,796)
Other comprehensive income (loss)286(4,352)(69)(53)29  
Comprehensive loss:(2,664)(8,510)(2,861)(14,625)(21,259)(4,109)(35,796)
Comprehensive income, net of tax, attributable to noncontrolling interest193 3,844    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(572)4,406(4,760)(509)(1,000)  
Comprehensive loss, net of tax, attributable to parent:(3,043)(4,103)(3,776)(15,134)(22,259)(4,109)(35,796)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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