$IPDN
Professional Diversity Network Inc Stock $ipdn

$ipdn Overview Financials Valuation SEC Filings Company Website

2014 Q3 Form 10-Q Financial Statement

#000121465914005953 Filed on August 14, 2014

Income Statement

Concept	2014 Q3	2014 Q2	2013 Q2
Revenue	$1.575M	$1.032M	$976.9K
YoY Change	60.87%	5.67%	-35.47%
Cost Of Revenue	$388.1K	$395.8K	$247.0K
YoY Change	64.93%	60.22%	25.59%
Gross Profit	$1.187M	$636.5K	$729.9K
YoY Change	59.59%	-12.79%	-44.59%
Gross Profit Margin	75.37%	61.66%	74.72%
Selling, General & Admin	$1.640M	$1.335M	$1.103M
YoY Change	44.31%	21.04%	109.62%
% of Gross Profit	138.13%	209.75%	151.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$130.1K	$93.65K	$60.56K
YoY Change	95.85%	54.63%	181.0%
% of Gross Profit	10.95%	14.71%	8.3%
Operating Expenses	$1.640M	$1.335M	$1.103M
YoY Change	44.31%	21.04%	109.62%
Operating Profit	-$582.8K	-$792.2K	-$433.7K
YoY Change	26.85%	82.66%	-156.37%
Interest Expense	$377.00
YoY Change
% of Operating Profit
Other Income/Expense, Net	-$941.4K	$1.010K	$9.132K
YoY Change	48856.06%	-88.94%	-122.82%
Pretax Income	-$1.559M	-$821.5K	-$224.1K
YoY Change	241.17%	266.59%	-130.72%
Income Tax	-$617.7K	-$333.3K	-$90.93K
% Of Pretax Income
Net Earnings	-$941.0K	-$488.2K	-$133.2K
YoY Change	246.6%	266.59%	-118.26%
Net Earnings / Revenue	-59.73%	-47.29%	-13.63%
Basic Earnings Per Share
Diluted Earnings Per Share	-$1.119M	-$563.2K	-$164.6K
COMMON SHARES
Basic Shares Outstanding	6.310M shares	6.316M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2014 Q3	2014 Q2	2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$11.06M	$17.49M	$20.39M
YoY Change	-44.17%	-14.22%	885.02%
Cash & Equivalents	$1.822M	$5.609M	$20.14M
Short-Term Investments	$9.240M	$11.88M	$250.0K
Other Short-Term Assets	$1.980M	$330.0K	$170.0K
YoY Change	1314.29%	94.12%	466.67%
Inventory
Prepaid Expenses			$173.8K
Receivables	$1.203M	$1.543M	$447.1K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$14.24M	$19.36M	$21.01M
YoY Change	-30.71%	-7.84%	485.14%
LONG-TERM ASSETS
Property, Plant & Equipment	$844.5K	$55.96K	$57.59K
YoY Change	1509.83%	-2.84%	187.95%
Goodwill	$45.35M	$735.3K	$635.7K
YoY Change	6067.73%	15.68%
Intangibles	$14.43M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$10.00K	$1.360M	$20.00K
YoY Change	-90.0%	6700.0%	-96.77%
Total Long-Term Assets	$63.13M	$2.854M	$1.468M
YoY Change	3705.06%	94.48%	-3.45%
TOTAL ASSETS
Total Short-Term Assets	$14.24M	$19.36M	$21.01M
Total Long-Term Assets	$63.13M	$2.854M	$1.468M
Total Assets	$77.37M	$22.21M	$22.47M
YoY Change	248.44%	-1.16%	339.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$5.658M	$306.6K	$254.7K
YoY Change	2635.99%	20.36%	-20.4%
Accrued Expenses	$1.590M	$710.2K	$116.7K
YoY Change	755.64%	508.53%
Deferred Revenue
YoY Change
Short-Term Debt	$430.0K	$0.00	$0.00
YoY Change
Long-Term Debt Due	$20.00K
YoY Change
Total Short-Term Liabilities	$17.90M	$2.466M	$1.041M
YoY Change	1464.13%	136.76%	225.42%
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	$17.90M	$2.466M	$1.041M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$22.28M	$2.470M	$1.146M
YoY Change	1846.56%	115.5%	-36.68%
SHAREHOLDERS EQUITY
Retained Earnings	-$3.128M	-$2.187M	-$615.0K
YoY Change	252.87%	255.64%
Common Stock	$126.3K	$63.18K	$63.18K
YoY Change	99.87%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$37.12K	$37.12K
YoY Change
Treasury Stock Shares	8.382K shares	8.382K shares
Shareholders Equity	$55.09M	$19.75M	$21.33M
YoY Change
Total Liabilities & Shareholders Equity	$77.37M	$22.21M	$22.47M
YoY Change	248.44%	-1.16%	339.81%

Cashflow Statement

Concept	2014 Q3	2014 Q2	2013 Q2
OPERATING ACTIVITIES
Net Income	-$941.0K	-$488.2K	-$133.2K
YoY Change	246.6%	266.59%	-118.26%
Depreciation, Depletion And Amortization	$130.1K	$93.65K	$60.56K
YoY Change	95.85%	54.63%	181.0%
Cash From Operating Activities	-$2.580M	-$770.0K	-$30.00K
YoY Change	616.67%	2466.67%	-106.25%
INVESTING ACTIVITIES
Capital Expenditures	-$3.580M	-$50.00K	-$280.0K
YoY Change	1604.76%	-82.14%	1300.0%
Acquisitions
YoY Change
Other Investing Activities	$2.600M	-$4.380M	$0.00
YoY Change	983.33%		-100.0%
Cash From Investing Activities	-$980.0K	-$4.430M	-$280.0K
YoY Change	-3366.67%	1482.14%	-315.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-210.0K	-30.00K	-50.00K
YoY Change		-40.0%	-94.51%
NET CHANGE
Cash From Operating Activities	-2.580M	-770.0K	-30.00K
Cash From Investing Activities	-980.0K	-4.430M	-280.0K
Cash From Financing Activities	-210.0K	-30.00K	-50.00K
Net Change In Cash	-3.770M	-5.230M	-360.0K
YoY Change	1042.42%	1352.78%	20.0%
FREE CASH FLOW
Cash From Operating Activities	-$2.580M	-$770.0K	-$30.00K
Capital Expenditures	-$3.580M	-$50.00K	-$280.0K
Free Cash Flow	$1.000M	-$720.0K	$250.0K
YoY Change	-766.67%	-388.0%	-50.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
	dei	Document Period End Date DocumentPeriodEndDate	2014-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001546296
CY2014Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	6309845	shares
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Entity Registrant Name EntityRegistrantName	Professional Diversity Network, Inc.
CY2014Q2	ipdn	Accrued Cost Of Services Current AccruedCostOfServicesCurrent	43526	USD
CY2013Q4	ipdn	Accrued Cost Of Services Current AccruedCostOfServicesCurrent	10546	USD
CY2014Q2	ipdn	Accrued License Fees Current AccruedLicenseFeesCurrent	450000	USD
CY2013Q4	ipdn	Accrued License Fees Current AccruedLicenseFeesCurrent		USD
	ipdn	Deferred Revenue In Accounts Receivable DeferredRevenueInAccountsReceivable		USD
	ipdn	Deferred Revenue In Accounts Receivable DeferredRevenueInAccountsReceivable	65836	USD
CY2014Q2	ipdn	Prepaid License Fee PrepaidLicenseFee	450000	USD
CY2013Q4	ipdn	Prepaid License Fee PrepaidLicenseFee		USD
	ipdn	Pro Forma Income Tax Expense Benefit ProFormaIncomeTaxExpenseBenefit	-512589	USD
CY2014Q2	ipdn	Pro Forma Income Tax Expense Benefit ProFormaIncomeTaxExpenseBenefit	-333322	USD
CY2013Q2	ipdn	Pro Forma Income Tax Expense Benefit ProFormaIncomeTaxExpenseBenefit	-90925	USD
	ipdn	Pro Forma Income Tax Expense Benefit ProFormaIncomeTaxExpenseBenefit	-225295	USD
	us-gaap	Advertising Revenue AdvertisingRevenue	868491	USD
CY2014Q2	us-gaap	Advertising Revenue AdvertisingRevenue	447181	USD
	ipdn	Pro Forma Net Income Loss ProFormaNetIncomeLoss	-750704	USD
CY2014Q2	ipdn	Pro Forma Net Income Loss ProFormaNetIncomeLoss	-488161	USD
CY2013Q2	ipdn	Pro Forma Net Income Loss ProFormaNetIncomeLoss	-133162	USD
	ipdn	Pro Forma Net Income Loss ProFormaNetIncomeLoss	-284871	USD
CY2014Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	306581	USD
CY2013Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	222961	USD
CY2014Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1542643	USD
CY2013Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1218112	USD
	us-gaap	Accretion Expense AccretionExpense		USD
	us-gaap	Accretion Expense AccretionExpense	138255	USD
CY2014Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	710239	USD
CY2013Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	188462	USD
CY2014Q2	us-gaap	Accrued Marketing Costs Current AccruedMarketingCostsCurrent	15660	USD
CY2013Q4	us-gaap	Accrued Marketing Costs Current AccruedMarketingCostsCurrent	11250	USD
CY2014Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent		USD
CY2013Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	60000	USD
CY2014Q2	us-gaap	Accrued Rent Current AccruedRentCurrent	9288	USD
CY2013Q4	us-gaap	Accrued Rent Current AccruedRentCurrent	13932	USD
CY2014Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	21909289	USD
CY2013Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	21883593	USD
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	174133	USD
CY2013	us-gaap	Adjustment For Amortization AdjustmentForAmortization	265187	USD
	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther		USD
	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	1342163	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	25696	USD
CY2013Q2	us-gaap	Advertising Revenue AdvertisingRevenue	420809	USD
	us-gaap	Advertising Revenue AdvertisingRevenue	804932	USD
CY2013Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	56125	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	25696	USD
CY2014Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	25696	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	174133	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	107619	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	314250	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	131250	shares
CY2014Q2	us-gaap	Assets Assets	22213787	USD
CY2014Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	89107	USD
CY2013Q4	us-gaap	Assets Assets	22020197	USD
CY2014Q2	us-gaap	Assets Current AssetsCurrent	19359741	USD
CY2013Q4	us-gaap	Assets Current AssetsCurrent	20053701	USD
CY2014Q2	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	75000	USD
CY2013Q4	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	25000	USD
CY2014Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5609138	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	18736495	USD
CY2013Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	20139693	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	868294	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-13127357	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	19271399	USD
CY2014Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2014Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2013Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2014Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	25000000	shares
CY2013Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	25000000	shares
CY2014Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	6318227	shares
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	6318227	shares
CY2014Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6309845	shares
CY2013Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6316027	shares
CY2014Q2	us-gaap	Common Stock Value CommonStockValue	63182	USD
CY2013Q4	us-gaap	Common Stock Value CommonStockValue	63182	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-750704	USD
CY2014Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-488161	USD
CY2013Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-141961	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-620339	USD
	us-gaap	Cost Of Services CostOfServices	762225	USD
CY2014Q2	us-gaap	Cost Of Services CostOfServices	395754	USD
CY2013Q2	us-gaap	Cost Of Services CostOfServices	247005	USD
	us-gaap	Cost Of Services CostOfServices	486218	USD
	us-gaap	Costs And Expenses CostsAndExpenses	3614022	USD
CY2014Q2	us-gaap	Costs And Expenses CostsAndExpenses	1824503	USD
CY2013Q2	us-gaap	Costs And Expenses CostsAndExpenses	1410634	USD
	us-gaap	Costs And Expenses CostsAndExpenses	2577412	USD
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1		USD
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	1643036	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-512589	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	104812	USD
CY2014Q2	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	1377015	USD
CY2013Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	1024420	USD
CY2014Q2	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	893421	USD
CY2013Q4	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	380832	USD
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	184554	USD
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	115987	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	184555	USD
CY2014Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	93648	USD
CY2013Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	60563	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	115987	USD
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	13532	USD
CY2014Q2	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-30277	USD
CY2013Q2	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	200495	USD
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	311303	USD
CY2014Q2	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	71689	USD
CY2013Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	85221	USD
	us-gaap	Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid		USD
	us-gaap	Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid	200000	USD
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.12
CY2014Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.08
CY2013Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.02
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.12
	us-gaap	Earnings Per Share Diluted Pro Forma Adjustment EarningsPerShareDilutedProFormaAdjustment	-0.12
CY2014Q2	us-gaap	Earnings Per Share Diluted Pro Forma Adjustment EarningsPerShareDilutedProFormaAdjustment	-0.08
CY2013Q2	us-gaap	Earnings Per Share Diluted Pro Forma Adjustment EarningsPerShareDilutedProFormaAdjustment	-0.02
	us-gaap	Earnings Per Share Diluted Pro Forma Adjustment EarningsPerShareDilutedProFormaAdjustment	-0.05
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1263293	USD
CY2014Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-821483	USD
CY2013Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-224087	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-510166	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid		USD
CY2014Q3	us-gaap	Equity Method Investment Ownership Percentage EquityMethodInvestmentOwnershipPercentage	0.5	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.406	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.406	pure
CY2014Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	92914	USD
CY2013Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	41930	USD
CY2014Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	770721	USD
CY2013Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	596588	USD
CY2012Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	331401	USD
CY2014Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1387017	USD
CY2013Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1289099	USD
CY2012Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	734291	USD
CY2014Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	616296	USD
CY2013Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	692511	USD
	us-gaap	Finite Lived Intangible Assets Period Increase Decrease FiniteLivedIntangibleAssetsPeriodIncreaseDecrease	97918	USD
CY2013	us-gaap	Finite Lived Intangible Assets Period Increase Decrease FiniteLivedIntangibleAssetsPeriodIncreaseDecrease	354808	USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment		USD
CY2014Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment		USD
CY2013Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment		USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	4734	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1107715	USD
CY2014Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	572018	USD
CY2013Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	527048	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	948114	USD
CY2014Q2	us-gaap	Goodwill Goodwill	735328	USD
CY2013Q4	us-gaap	Goodwill Goodwill	735328	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid		USD
	us-gaap	Interest Expense InterestExpense	155137	USD
	us-gaap	Interest Paid InterestPaid		USD
	us-gaap	Interest Paid InterestPaid		USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-512589	USD
CY2014Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-333322	USD
CY2013Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-90925	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	104812	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	83620	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-40850	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-125469	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1541798	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	71777	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	31386	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-97405	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue		USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet		USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	16881	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	232788	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	109828	USD
CY2014Q2	us-gaap	Indefinite Lived Trade Names IndefiniteLivedTradeNames	90400	USD
CY2013Q4	us-gaap	Indefinite Lived Trade Names IndefiniteLivedTradeNames	90400	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	67256	USD
CY2014Q2	us-gaap	Interest And Other Income InterestAndOtherIncome	1010	USD
CY2013Q2	us-gaap	Interest And Other Income InterestAndOtherIncome	9132	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	14357	USD
	us-gaap	Interest Expense InterestExpense		USD
CY2014Q2	us-gaap	Interest Expense InterestExpense		USD
CY2013Q2	us-gaap	Interest Expense InterestExpense		USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	67256	USD
CY2014Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1010	USD
CY2013Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	9132	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-140780	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1344081	USD
CY2014Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-792216	USD
CY2013Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-433714	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	45577	USD
CY2014Q2	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	20164	USD
CY2013Q2	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	17755	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	44246	USD
CY2014Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	22213787	USD
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	22020197	USD
CY2014Q2	us-gaap	Liabilities Current LiabilitiesCurrent	2465524	USD
CY2013Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1521064	USD
CY2014Q2	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	11876078	USD
CY2013Q4	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent		USD
	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	331000	USD
CY2014Q2	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	169000	USD
CY2013Q2	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	216000	USD
	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	395000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-25862	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	18795209	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-11985593	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-391236	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1115902	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	867426	USD
	us-gaap	Net Income Loss NetIncomeLoss	-750704	USD
CY2014Q2	us-gaap	Net Income Loss NetIncomeLoss	-488161	USD
CY2013Q2	us-gaap	Net Income Loss NetIncomeLoss	-133162	USD
	us-gaap	Net Income Loss NetIncomeLoss	-614978	USD
	us-gaap	Noncash Or Part Noncash Acquisition Intangible Assets Acquired1 NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1	450000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Intangible Assets Acquired1 NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1		USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-680689	USD
CY2014Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax		USD
CY2013Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-8799	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-5361	USD
	us-gaap	Other Noncash Expense OtherNoncashExpense		USD
CY2014Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	23851	USD
CY2013Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	25804	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax		USD
	us-gaap	Other Noncash Expense OtherNoncashExpense	30567	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	25862	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock		USD
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts		USD
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	479356	USD
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	14976078	USD
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities		USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	11597	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	32564	USD
	us-gaap	Payments To Acquire Software PaymentsToAcquireSoftware		USD
	us-gaap	Payments To Acquire Software PaymentsToAcquireSoftware	200000	USD
CY2013	us-gaap	Payments To Acquire Software PaymentsToAcquireSoftware	200000	USD
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	97918	USD
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	164875	USD
CY2014Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	331882	USD
CY2013Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	99094	USD
	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering		USD
	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	19474565	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	3100000	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities		USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment		USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	6203	USD
CY2014Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	55957	USD
CY2013Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	54781	USD
CY2014Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2187091	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1436387	USD
	us-gaap	Revenues Revenues	2269941	USD
CY2014Q2	us-gaap	Revenues Revenues	1032287	USD
CY2013Q2	us-gaap	Revenues Revenues	976920	USD
	us-gaap	Revenues Revenues	1896723	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	1401450	USD
CY2014Q2	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	585106	USD
CY2013Q2	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	556111	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	1091791	USD
CY2014Q2	us-gaap	Security Deposit SecurityDeposit	12644	USD
CY2013Q4	us-gaap	Security Deposit SecurityDeposit	12644	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1559527	USD
CY2014Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	763083	USD
CY2013Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	576018	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1031827	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	25696	USD
	us-gaap	Share Based Compensation ShareBasedCompensation		USD
CY2014Q2	us-gaap	Stockholders Equity StockholdersEquity	19748263	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	20499133	USD
CY2013Q2	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	1000000	USD
CY2014Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	8382	shares
CY2013Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	2200	shares
	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	6182	shares
CY2014Q2	us-gaap	Treasury Stock Value TreasuryStockValue	37117	USD
CY2013Q4	us-gaap	Treasury Stock Value TreasuryStockValue	11255	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	25862	USD
	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>
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	6314866	shares
CY2014Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	6313717	shares
CY2013Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	6318227	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	5318564	shares

Files In Submission

Name	View Source	Status
0001214659-14-005953-index-headers.html	Edgar Link	pending
0001214659-14-005953-index.html	Edgar Link	pending
0001214659-14-005953.txt	Edgar Link	pending
0001214659-14-005953-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-20140630.xml	Edgar Link	completed
ipdn-20140630.xsd	Edgar Link	pending
ipdn-20140630_cal.xml	Edgar Link	unprocessable
ipdn-20140630_def.xml	Edgar Link	unprocessable
ipdn-20140630_lab.xml	Edgar Link	unprocessable
ipdn-20140630_pre.xml	Edgar Link	unprocessable
pdn8814010q.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
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

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$IPDN
Professional Diversity Network Inc Stock $ipdn

2014 Q3 Form 10-Q Financial Statement

#000121465914005953 Filed on August 14, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IPDN Professional Diversity Network Inc Stock $ipdn

2014 Q3 Form 10-Q Financial Statement

#000121465914005953 Filed on August 14, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IPDN
Professional Diversity Network Inc Stock $ipdn