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Cover - shares | 6 Months Ended | |
---|---|---|
Jun. 30, 2022 | Aug. 12, 2022 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2022 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 001-35824 | |
Entity Registrant Name | ProfessionalDiversity Network, Inc. | |
Entity Central Index Key | 0001546296 | |
Entity Tax Identification Number | 80-0900177 | |
Entity Incorporation, State or Country Code | DE | |
Entity Address, Address Line One | 55 E. Monroe Street | |
Entity Address, Address Line Two | Suite 2120 | |
Entity Address, City or Town | Chicago | |
Entity Address, State or Province | IL | |
Entity Address, Postal Zip Code | 60603 | |
City Area Code | (312) | |
Local Phone Number | 614-0950 | |
Title of 12(b) Security | Common Stock, $0.01 par value per share | |
Trading Symbol | IPDN | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 16,682,497 |
Please wait while we load the requested 10-Q report or click the link below:
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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Professional Diversity Network, Inc..
Professional Diversity Network, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:
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For the three months ended June 30, 2022, costs and expenses related to Corporate Overhead decreased by approximately $8,000, or 1.2 percent, as compared to the same period in the prior year.
For the six months ended June 30, 2022, costs and expenses related to Corporate Overhead decreased by approximately $295,000, or 19.0 percent, as compared to the same period in the prior year.
29 For the six months ended June 30, 2022, costs and expenses related to the NAPW Network decreased by approximately $1,103,000, or 117.1 percent.
For the three months ended June 30, 2022, costs and expenses related to the NAPW Network decreased by approximately $996,000, or 231.1 percent.
The reduction is primarily as a result of decreases in legal expenses of approximately $135,000, payroll related costs by approximately $133,000, of which $58,000 related to discretionary incentive payments made in the prior year for which there were no comparable charges in the current period, mergers and acquisition costs by approximately $50,000 and other miscellaneous state taxes and filing fees by approximately $146,000.
Offsetting the reduction in expenses...Read more
Members gain access to networking...Read more
Adjusted EBITDA We believe Adjusted...Read more
The decrease in the period...Read more
The increase in revenues was...Read more
32 While we believe that...Read more
For the three months ended...Read more
For the six months ended...Read more
The reduction is primarily as...Read more
Further, Adjusted EBITDA, as we...Read more
28 General and administrative expense:...Read more
The slight decrease in income...Read more
The decrease in revenues was...Read more
The decrease in revenues was...Read more
During the three months ended...Read more
During the six months ended...Read more
The decrease was predominately due...Read more
The decrease in the period...Read more
We may face more closure...Read more
We have continued to generate...Read more
General and administrative expenses decreased...Read more
The increase in revenues was...Read more
Our ability to continue as...Read more
Six Months Ended June 30,...Read more
Net cash used in financing...Read more
Revenues from recruitment services are...Read more
Partially offsetting the decrease was...Read more
The increase is primarily as...Read more
The increase is primarily as...Read more
Our recruitment revenue is derived...Read more
Depreciation and amortization expense during...Read more
Revenue from related membership services...Read more
As the result of the...Read more
The preparation of these condensed...Read more
There can be no assurances...Read more
Also contributing to the decrease...Read more
If we are still not...Read more
During the six months ended...Read more
ASC 350 requires that goodwill...Read more
35 The Company accounts for...Read more
Cost of revenues: Cost of...Read more
NAPW Membership is renewable and...Read more
While our significant accounting policies...Read more
Total revenues for the three...Read more
26 Total revenues for the...Read more
During the three months ended...Read more
27 During the six months...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Professional Diversity Network, Inc. provided additional information to their SEC Filing as exhibits
Ticker: IPDN
CIK: 1546296
Form Type: 10-Q Quarterly Report
Accession Number: 0001493152-22-022755
Submitted to the SEC: Mon Aug 15 2022 2:00:47 PM EST
Accepted by the SEC: Mon Aug 15 2022
Period: Thursday, June 30, 2022
Industry: Computer Programming Data Processing