$IPDN
Professional Diversity Network Inc Stock $ipdn

$ipdn Overview Financials Valuation SEC Filings Company Website

2014 Q2 Form 10-Q Financial Statement

#000121465914003563 Filed on May 14, 2014

Income Statement

Concept	2014 Q2	2014 Q1	2013 Q1
Revenue	$1.032M	$1.238M	$919.8K
YoY Change	5.67%	34.56%	-39.09%
Cost Of Revenue	$395.8K	$366.5K	$239.2K
YoY Change	60.22%	53.2%	19.61%
Gross Profit	$636.5K	$871.2K	$680.6K
YoY Change	-12.79%	28.0%	-48.05%
Gross Profit Margin	61.66%	70.39%	73.99%
Selling, General & Admin	$1.335M	$1.332M	$876.9K
YoY Change	21.04%	51.92%	62.38%
% of Gross Profit	209.75%	152.91%	128.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$93.65K	$90.91K	$55.42K
YoY Change	54.63%	64.02%	177.12%
% of Gross Profit	14.71%	10.43%	8.14%
Operating Expenses	$1.335M	$1.332M	$876.9K
YoY Change	21.04%	51.92%	53.84%
Operating Profit	-$792.2K	-$551.9K	-$247.0K
YoY Change	82.66%	123.45%	-133.38%
Interest Expense			$155.1K
YoY Change			-487.84%
% of Operating Profit
Other Income/Expense, Net	$1.010K	$66.25K	-$149.9K
YoY Change	-88.94%	-144.19%
Pretax Income	-$821.5K	-$441.8K	-$286.1K
YoY Change	266.59%	54.44%	-140.29%
Income Tax	-$333.3K	-$179.3K	$195.7K
% Of Pretax Income
Net Earnings	-$488.2K	-$262.5K	-$481.8K
YoY Change	266.59%	-45.51%	-167.86%
Net Earnings / Revenue	-47.29%	-21.21%	-52.38%
Basic Earnings Per Share
Diluted Earnings Per Share	-$563.2K	-$329.1K	-$888.9K
COMMON SHARES
Basic Shares Outstanding	6.316M shares	6.316M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2014 Q2	2014 Q1	2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$17.49M	$18.33M	$20.77M
YoY Change	-14.22%	-11.75%	727.49%
Cash & Equivalents	$5.609M	$10.83M	$20.51M
Short-Term Investments	$11.88M	$7.500M	$250.0K
Other Short-Term Assets	$330.0K	$350.0K	$220.0K
YoY Change	94.12%	59.09%
Inventory
Prepaid Expenses
Receivables	$1.543M	$960.0K	$770.0K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$19.36M	$19.64M	$21.75M
YoY Change	-7.84%	-9.7%	449.24%
LONG-TERM ASSETS
Property, Plant & Equipment	$55.96K	$60.50K	$50.00K
YoY Change	-2.84%	21.0%	150.0%
Goodwill	$735.3K	$735.3K
YoY Change	15.68%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.360M	$570.0K	$20.00K
YoY Change	6700.0%	2750.0%	-93.75%
Total Long-Term Assets	$2.854M	$2.115M	$1.250M
YoY Change	94.48%	69.18%	3.31%
TOTAL ASSETS
Total Short-Term Assets	$19.36M	$19.64M	$21.75M
Total Long-Term Assets	$2.854M	$2.115M	$1.250M
Total Assets	$22.21M	$21.76M	$23.00M
YoY Change	-1.16%	-5.41%	344.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$306.6K	$399.6K	$300.0K
YoY Change	20.36%	33.18%	-37.5%
Accrued Expenses	$710.2K	$263.5K
YoY Change	508.53%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.466M	$1.519M	$1.280M
YoY Change	136.76%	18.69%	128.57%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change			-100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change			-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.466M	$1.519M	$1.280M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$2.470M	$1.520M	$1.480M
YoY Change	115.5%	2.7%	-27.8%
SHAREHOLDERS EQUITY
Retained Earnings	-$2.187M	-$1.699M
YoY Change	255.64%
Common Stock	$63.18K	$63.18K
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$37.12K	$11.26K
YoY Change
Treasury Stock Shares	8.382K shares	2.200K shares
Shareholders Equity	$19.75M	$20.24M	$21.52M
YoY Change
Total Liabilities & Shareholders Equity	$22.21M	$21.76M	$23.00M
YoY Change	-1.16%	-5.41%	344.87%

Cashflow Statement

Concept	2014 Q2	2014 Q1	2013 Q1
OPERATING ACTIVITIES
Net Income	-$488.2K	-$262.5K	-$481.8K
YoY Change	266.59%	-45.51%	-167.86%
Depreciation, Depletion And Amortization	$93.65K	$90.91K	$55.42K
YoY Change	54.63%	64.02%	177.12%
Cash From Operating Activities	-$770.0K	-$347.1K	$901.0K
YoY Change	2466.67%	-138.53%	-17.34%
INVESTING ACTIVITIES
Capital Expenditures	-$50.00K	$11.60K	$24.64K
YoY Change	-82.14%	-52.93%	-223.2%
Acquisitions
YoY Change
Other Investing Activities	-$4.380M	-$7.500M	$10.00K
YoY Change		-75100.0%
Cash From Investing Activities	-$4.430M	-$7.560M	-$110.9K
YoY Change	1482.14%	6717.06%	454.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-30.00K		$18.85M
YoY Change	-40.0%		-1658.23%
NET CHANGE
Cash From Operating Activities	-770.0K	-$347.1K	$901.0K
Cash From Investing Activities	-4.430M	-$7.560M	-$110.9K
Cash From Financing Activities	-30.00K		$18.85M
Net Change In Cash	-5.230M	-$7.907M	$19.64M
YoY Change	1352.78%	-140.25%	-14131.98%
FREE CASH FLOW
Cash From Operating Activities	-$770.0K	-$347.1K	$901.0K
Capital Expenditures	-$50.00K	$11.60K	$24.64K
Free Cash Flow	-$720.0K	-$358.7K	$876.4K
YoY Change	-388.0%	-140.93%	-21.04%

Facts In Submission

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CY2014Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2014Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2014Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
CY2014Q1	dei	Document Period End Date DocumentPeriodEndDate	2014-03-31
CY2014Q1	dei	Document Type DocumentType	10-Q
CY2014Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001546296
CY2014Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	6316027	shares
CY2014Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2014Q1	dei	Entity Registrant Name EntityRegistrantName	Professional Diversity Network, Inc.
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CY2014Q1	ipdn	Deferred Revenue In Accounts Receivable DeferredRevenueInAccountsReceivable		USD
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CY2014Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	66246	USD
CY2013Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-149912	USD
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-551865	USD
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-246975	USD
CY2014Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts		USD
CY2013Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	419937	USD
CY2014Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	7500341	USD
CY2013Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities		USD
CY2014Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	11597	USD
CY2013Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	24639	USD
CY2014Q1	us-gaap	Payments To Acquire Software PaymentsToAcquireSoftware		USD
CY2013	us-gaap	Payments To Acquire Software PaymentsToAcquireSoftware	200000	USD
CY2014Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	48313	USD
CY2013Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	92466	USD
CY2014Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2014Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	351641	USD
CY2013Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	99094	USD
CY2014Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: left; TEXT-INDENT: 0pt"> <font style="FONT-WEIGHT: bold; FONT-STYLE: italic; DISPLAY: inline">Reclassification -</font> Certain amounts in the prior year presented have been reclassified to conform to the current period financial statement presentation. These reclassifications have no effect on previously reported net loss.</div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: left; TEXT-INDENT: 0pt">  </div> <!--EndFragment--></div> </div>
CY2014Q1	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering		USD
CY2013Q1	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	19474565	USD
CY2014Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment		USD
CY2013Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	6203	USD
CY2014Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	60498	USD
CY2013Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	54781	USD
CY2014Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1698930	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1436387	USD
CY2014Q1	us-gaap	Revenues Revenues	1237653	USD
CY2013Q1	us-gaap	Revenues Revenues	919803	USD
CY2014Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	816343	USD
CY2013Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	535680	USD
CY2014Q1	us-gaap	Security Deposit SecurityDeposit	12644	USD
CY2013Q4	us-gaap	Security Deposit SecurityDeposit	12644	USD
CY2014Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	796444	USD
CY2013Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	455809	USD
CY2014Q1	us-gaap	Stockholders Equity StockholdersEquity	20236590	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	20499133	USD
CY2013Q2	us-gaap	Stock Repurchase Program Authorized Amount StockRepurchaseProgramAuthorizedAmount	1000000	USD
CY2014Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	50000	USD
CY2013Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent		USD
CY2014Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	2200	shares
CY2013Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	2200	shares
CY2014Q1	us-gaap	Treasury Stock Value TreasuryStockValue	11255	USD
CY2013Q4	us-gaap	Treasury Stock Value TreasuryStockValue	11255	USD
CY2014Q1	us-gaap	Use Of Estimates UseOfEstimates	<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: left; TEXT-INDENT: 0pt"> <font style="FONT-WEIGHT: bold; FONT-STYLE: italic; DISPLAY: inline">Accounting Estimates -</font> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Significant areas that required management to make estimates and assumptions that affect the amounts and disclosures in the financial statements include revenue recognition, valuation of goodwill, trade name and URL, costs capitalized to develop technology, the Company's estimated useful lives of assets and warrants granted in connection with financing transactions. Actual results could differ from those estimates.</div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: left; TEXT-INDENT: 0pt">  </div> <!--EndFragment--></div> </div>
CY2014Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	6316207	shares
CY2013Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	4307794	shares

Files In Submission

Name	View Source	Status
0001214659-14-003563-index-headers.html	Edgar Link	pending
0001214659-14-003563-index.html	Edgar Link	pending
0001214659-14-003563.txt	Edgar Link	pending
0001214659-14-003563-xbrl.zip	Edgar Link	pending
ex31_1.htm	Edgar Link	pending
ex31_2.htm	Edgar Link	pending
ex32_1.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
ipdn-20140331.xml	Edgar Link	completed
ipdn-20140331.xsd	Edgar Link	pending
ipdn-20140331_cal.xml	Edgar Link	unprocessable
ipdn-20140331_def.xml	Edgar Link	unprocessable
ipdn-20140331_lab.xml	Edgar Link	unprocessable
ipdn-20140331_pre.xml	Edgar Link	unprocessable
p51214010q.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$IPDN
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2014 Q2 Form 10-Q Financial Statement

#000121465914003563 Filed on May 14, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IPDN Professional Diversity Network Inc Stock $ipdn

2014 Q2 Form 10-Q Financial Statement

#000121465914003563 Filed on May 14, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IPDN
Professional Diversity Network Inc Stock $ipdn