$IPDN
Professional Diversity Network Inc Stock $ipdn

$ipdn Overview Financials Valuation SEC Filings Company Website

2015 Q3 Form 10-Q Financial Statement

#000121465915005996 Filed on August 12, 2015

Income Statement

Concept	2015 Q3	2015 Q2	2014 Q2
Revenue	$9.343M	$10.40M	$1.032M
YoY Change	493.08%	907.36%	5.67%
Cost Of Revenue	$1.464M	$1.472M	$395.8K
YoY Change	277.29%	271.89%	60.22%
Gross Profit	$7.879M	$8.927M	$636.5K
YoY Change	563.62%	1302.45%	-12.79%
Gross Profit Margin	84.33%	85.85%	61.66%
Selling, General & Admin	$8.880M	$9.381M	$1.335M
YoY Change	441.48%	602.66%	21.04%
% of Gross Profit	112.71%	105.09%	209.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$925.7K	$870.3K	$93.65K
YoY Change	611.71%	829.3%	54.63%
% of Gross Profit	11.75%	9.75%	14.71%
Operating Expenses	$8.880M	$9.381M	$1.335M
YoY Change	441.48%	602.66%	21.04%
Operating Profit	-$26.68M	-$1.324M	-$792.2K
YoY Change	4477.54%	67.18%	82.66%
Interest Expense	$9.229K	$29.48K
YoY Change	2348.01%
% of Operating Profit
Other Income/Expense, Net	-$6.847K	-$22.35K	$1.010K
YoY Change	-99.27%	-2313.17%	-88.94%
Pretax Income	-$26.68M	-$1.275M	-$821.5K
YoY Change	1611.71%	55.26%	266.59%
Income Tax	$2.976M	-$497.2K	-$333.3K
% Of Pretax Income
Net Earnings	-$29.66M	-$778.3K	-$488.2K
YoY Change	3051.6%	59.43%	266.59%
Net Earnings / Revenue	-317.42%	-7.48%	-47.29%
Basic Earnings Per Share
Diluted Earnings Per Share	-$16.39M	-$445.7K	-$563.2K
COMMON SHARES
Basic Shares Outstanding	14.67M shares	14.60M shares	6.316M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2015 Q3	2015 Q2	2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.630M	$6.430M	$17.49M
YoY Change	-58.14%	-63.24%	-14.22%
Cash & Equivalents	$3.881M	$5.329M	$5.609M
Short-Term Investments	$750.0K	$1.100M	$11.88M
Other Short-Term Assets	$2.350M	$1.770M	$330.0K
YoY Change	18.69%	436.36%	94.12%
Inventory
Prepaid Expenses
Receivables	$2.530M	$2.780M	$1.543M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$9.517M	$10.97M	$19.36M
YoY Change	-33.15%	-43.33%	-7.84%
LONG-TERM ASSETS
Property, Plant & Equipment	$665.7K	$763.5K	$55.96K
YoY Change	-21.17%	1264.47%	-2.84%
Goodwill	$20.60M	$45.18M	$735.3K
YoY Change	-54.59%	6044.27%	15.68%
Intangibles	$12.77M	$13.49M
YoY Change	-11.5%
Long-Term Investments
YoY Change
Other Assets	$1.650M	$1.640M	$1.360M
YoY Change	16400.0%	20.59%	6700.0%
Total Long-Term Assets	$36.26M	$61.64M	$2.854M
YoY Change	-42.56%	2059.85%	94.48%
TOTAL ASSETS
Total Short-Term Assets	$9.517M	$10.97M	$19.36M
Total Long-Term Assets	$36.26M	$61.64M	$2.854M
Total Assets	$45.78M	$72.62M	$22.21M
YoY Change	-40.83%	226.89%	-1.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.310M	$3.591M	$306.6K
YoY Change	-41.5%	1071.34%	20.36%
Accrued Expenses	$2.194M	$703.1K	$710.2K
YoY Change	37.95%	-1.0%	508.53%
Deferred Revenue
YoY Change
Short-Term Debt	$510.0K	$530.0K	$0.00
YoY Change	18.6%
Long-Term Debt Due	$0.00	$0.00
YoY Change	-100.0%
Total Short-Term Liabilities	$14.74M	$14.82M	$2.466M
YoY Change	-17.67%	500.89%	136.76%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$90.00K	$70.00K
YoY Change
Total Long-Term Liabilities	$90.00K	$70.00K	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$14.74M	$14.82M	$2.466M
Total Long-Term Liabilities	$90.00K	$70.00K	$0.00
Total Liabilities	$19.40M	$16.48M	$2.470M
YoY Change	-12.93%	567.04%	115.5%
SHAREHOLDERS EQUITY
Retained Earnings	-$37.07M	-$7.416M	-$2.187M
YoY Change	1085.16%	239.06%	255.64%
Common Stock	$144.3K	$144.7K	$63.18K
YoY Change	14.3%	129.07%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$37.12K	$37.12K	$37.12K
YoY Change	0.0%	0.0%
Treasury Stock Shares	8.382K shares	8.382K shares	8.382K shares
Shareholders Equity	$26.38M	$56.14M	$19.75M
YoY Change
Total Liabilities & Shareholders Equity	$45.78M	$72.62M	$22.21M
YoY Change	-40.83%	226.89%	-1.16%

Cashflow Statement

Concept	2015 Q3	2015 Q2	2014 Q2
OPERATING ACTIVITIES
Net Income	-$29.66M	-$778.3K	-$488.2K
YoY Change	3051.6%	59.43%	266.59%
Depreciation, Depletion And Amortization	$925.7K	$870.3K	$93.65K
YoY Change	611.71%	829.3%	54.63%
Cash From Operating Activities	-$1.390M	-$2.360M	-$770.0K
YoY Change	-46.12%	206.49%	2466.67%
INVESTING ACTIVITIES
Capital Expenditures	-$150.0K	-$210.0K	-$50.00K
YoY Change	-95.81%	320.0%	-82.14%
Acquisitions
YoY Change
Other Investing Activities	$330.0K	$1.160M	-$4.380M
YoY Change	-87.31%	-126.48%
Cash From Investing Activities	$180.0K	$940.0K	-$4.430M
YoY Change	-118.37%	-121.22%	1482.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-230.0K	3.200M	-30.00K
YoY Change	9.52%	-10766.67%	-40.0%
NET CHANGE
Cash From Operating Activities	-1.390M	-2.360M	-770.0K
Cash From Investing Activities	180.0K	940.0K	-4.430M
Cash From Financing Activities	-230.0K	3.200M	-30.00K
Net Change In Cash	-1.440M	1.780M	-5.230M
YoY Change	-61.8%	-134.03%	1352.78%
FREE CASH FLOW
Cash From Operating Activities	-$1.390M	-$2.360M	-$770.0K
Capital Expenditures	-$150.0K	-$210.0K	-$50.00K
Free Cash Flow	-$1.240M	-$2.150M	-$720.0K
YoY Change	-224.0%	198.61%	-388.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2015Q2	us-gaap	Capitalized Computer Software Accumulated Amortization CapitalizedComputerSoftwareAccumulatedAmortization	1124944	USD
CY2015Q2	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	575906	USD
	us-gaap	Capitalized Computer Software Amortization CapitalizedComputerSoftwareAmortization	174133	USD
	us-gaap	Capitalized Computer Software Amortization CapitalizedComputerSoftwareAmortization	181601	USD
CY2015Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
	us-gaap	Capitalized Computer Software Additions CapitalizedComputerSoftwareAdditions	231437	USD
CY2015Q2	us-gaap	Capitalized Computer Software Gross CapitalizedComputerSoftwareGross	1700850	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	15555000	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	2159361	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	13395639	USD
CY2015Q2	us-gaap	Indefinite Lived Trade Names IndefiniteLivedTradeNames	90400	USD
CY2015Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	13486039	USD
	us-gaap	Operating Leases Rent Expense Sublease Rentals1 OperatingLeasesRentExpenseSubleaseRentals1	165000	USD
	us-gaap	Operating Leases Rent Expense Sublease Rentals1 OperatingLeasesRentExpenseSubleaseRentals1	0	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2015Q2	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	717487	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	1434200	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	2868400	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	2802233	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	2563872	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	1846697	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	1880237	USD
	dei	Document Period End Date DocumentPeriodEndDate	2015-06-30
CY2015Q2	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	1404023	USD
CY2015Q2	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	1331495	USD
CY2015Q2	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	1132112	USD
CY2015Q2	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	101187	USD
CY2015Q2	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	4686304	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	699842	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	45577	USD
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Entity Registrant Name EntityRegistrantName	Professional Diversity Network, Inc.
	dei	Entity Central Index Key EntityCentralIndexKey	0001546296
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Type DocumentType	10-Q
	us-gaap	Net Income Loss NetIncomeLoss	-2321157	USD
	us-gaap	Net Income Loss NetIncomeLoss	-750704	USD
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	1805196	USD
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	184554	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1466822	USD
CY2014Q2	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	11063760	USD
CY2014Q2	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-1183491	USD
CY2014Q2	ipdn	Business Acquisition Pro Forma Earnings Per Share Basic And Diluted BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted	-0.09
CY2014Q2	ipdn	Business Acquisition Pro Forma Weighted Average Number Of Share Outstanding Basic And Diluted BusinessAcquisitionProFormaWeightedAverageNumberOfShareOutstandingBasicAndDiluted	12725871	shares
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-512589	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	236369	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	25696	USD
	ipdn	Amortization Of Prepaid License Fees AmortizationOfPrepaidLicenseFees	112500	USD
	ipdn	Amortization Of Prepaid License Fees AmortizationOfPrepaidLicenseFees		USD
	us-gaap	Investment Income Amortization Of Premium InvestmentIncomeAmortizationOfPremium	70644	USD
	us-gaap	Investment Income Amortization Of Premium InvestmentIncomeAmortizationOfPremium		USD
	ipdn	Amortization Of Customer Deposits AmortizationOfCustomerDeposits	112500	USD
	ipdn	Amortization Of Customer Deposits AmortizationOfCustomerDeposits		USD
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	91560	USD
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	13532	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-636698	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-125469	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	23483	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	232788	USD
	ipdn	Increase Decrease Deferred Sales Commission IncreaseDecreaseDeferredSalesCommission	197403	USD
	ipdn	Increase Decrease Deferred Sales Commission IncreaseDecreaseDeferredSalesCommission		USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1350043	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	83620	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	153375	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	71777	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-312776	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-97405	USD
	ipdn	Increase Decrease Deferred Rent IncreaseDecreaseDeferredRent	39534	USD
	ipdn	Increase Decrease Deferred Rent IncreaseDecreaseDeferredRent		USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2816220	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1115902	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	4957000	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	3100000	USD
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	925000	USD
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	14976078	USD
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	231437	USD
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	97918	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	64154	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	11597	USD
	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	-4850	USD
	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits		USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	3731559	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-11985593	USD
	ipdn	Payments To Merchant Cash Reserve PaymentsToMerchantCashReserve	400000	USD
	ipdn	Payments To Merchant Cash Reserve PaymentsToMerchantCashReserve		USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2894635	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-25862	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	3809974	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-13127357	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1519467	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	18736495	USD
CY2015Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5329441	USD
CY2014Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5609138	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	4631	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid		USD
	us-gaap	Interest Paid InterestPaid		USD
	us-gaap	Interest Paid InterestPaid		USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	5208	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium		USD
	ipdn	Working Capital Adjustment To Note Payable WorkingCapitalAdjustmentToNotePayable	32281	USD
	ipdn	Working Capital Adjustment To Note Payable WorkingCapitalAdjustmentToNotePayable		USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	1602701	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	1401450	USD
	us-gaap	Advertising Revenue AdvertisingRevenue	136086	USD
	us-gaap	Advertising Revenue AdvertisingRevenue	868491	USD
	us-gaap	Membership Dues Revenue On Going MembershipDuesRevenueOnGoing		USD
	ipdn	Lead Generation Revenues LeadGenerationRevenues	5519126	USD
	ipdn	Lead Generation Revenues LeadGenerationRevenues		USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet		USD
	us-gaap	Revenues Revenues	21101269	USD
	us-gaap	Revenues Revenues	2269941	USD
	us-gaap	Cost Of Revenue CostOfRevenue	3183306	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	12094563	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1559527	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	7845817	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1107715	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1805196	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	184555	USD
	us-gaap	Costs And Expenses CostsAndExpenses	24928882	USD
	us-gaap	Costs And Expenses CostsAndExpenses	3614022	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-3827613	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1344081	USD
	us-gaap	Interest Expense InterestExpense	75110	USD
	us-gaap	Interest Expense InterestExpense		USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	23184	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	67256	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-51926	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	67256	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1263293	USD
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.17
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.12
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	13375405	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	6314866	shares
CY2015Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2779769	USD
CY2014Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3448748	USD
CY2015Q2	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	1096234	USD
CY2014Q4	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	5198878	USD
CY2015Q2	us-gaap	Deferred Sales Commission DeferredSalesCommission	1098271	USD
CY2014Q4	us-gaap	Deferred Sales Commission DeferredSalesCommission	900868	USD
CY2015Q2	ipdn	Prepaid License Fee PrepaidLicenseFee	225000	USD
CY2014Q4	ipdn	Prepaid License Fee PrepaidLicenseFee	337500	USD
CY2015Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	404540	USD
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CY2015Q2	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	38800	USD
CY2014Q4	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	58200	USD
CY2015Q2	us-gaap	Assets Current AssetsCurrent	10972055	USD
CY2014Q4	us-gaap	Assets Current AssetsCurrent	11844718	USD
CY2015Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	763514	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	874769	USD
CY2014Q4	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	526070	USD
CY2015Q2	us-gaap	Goodwill Goodwill	45180531	USD
CY2014Q4	us-gaap	Goodwill Goodwill	45180531	USD
CY2014Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	14934225	USD
CY2015Q2	ipdn	Merchant Reserve Account MerchantReserveAccount	1260849	USD
CY2014Q4	ipdn	Merchant Reserve Account MerchantReserveAccount	860849	USD
CY2015Q2	us-gaap	Security Deposit SecurityDeposit	376160	USD
CY2014Q4	us-gaap	Security Deposit SecurityDeposit	371310	USD
CY2014Q4	us-gaap	Assets Assets	74592472	USD
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CY2014Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	4941135	USD
CY2015Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	703102	USD
CY2014Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	549727	USD
CY2015Q2	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	9766162	USD
CY2014Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	10078938	USD
CY2015Q2	us-gaap	Customer Deposits Current CustomerDepositsCurrent	225000	USD
CY2014Q4	us-gaap	Customer Deposits Current CustomerDepositsCurrent	337500	USD
CY2015Q2	us-gaap	Notes Payable Current NotesPayableCurrent	85099	USD
CY2014Q4	us-gaap	Notes Payable Current NotesPayableCurrent	1389386	USD
CY2015Q2	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	442394	USD
CY2015Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-7415620	USD
CY2014Q4	us-gaap	Common Stock Value CommonStockValue	127280	USD
CY2015Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	63447113	USD
CY2014Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	58646322	USD
CY2014Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	437186	USD
CY2015Q2	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	2229	USD
CY2014Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	93789	USD
CY2015Q2	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent		USD
CY2014Q4	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	15232	USD
CY2015Q2	us-gaap	Liabilities Current LiabilitiesCurrent	14815078	USD
CY2014Q4	us-gaap	Liabilities Current LiabilitiesCurrent	17842893	USD
CY2015Q2	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	65480	USD
CY2014Q4	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	25946	USD
CY2015Q2	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	1595389	USD
CY2014Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	3081611	USD
CY2015Q2	us-gaap	Liabilities Liabilities	16475947	USD
CY2014Q4	us-gaap	Liabilities Liabilities	20950450	USD
CY2015Q2	us-gaap	Common Stock Value CommonStockValue	144731	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-5094463	USD
CY2015Q2	us-gaap	Treasury Stock Value TreasuryStockValue	37117	USD
CY2014Q4	us-gaap	Treasury Stock Value TreasuryStockValue	37117	USD
CY2015Q2	us-gaap	Stockholders Equity StockholdersEquity	56139107	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	53642022	USD
CY2015Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	72615054	USD
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	74592472	USD
CY2015Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2014Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q2	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	1745100	shares
CY2015Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2015Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	25000000	shares
CY2015Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	14673172	shares
CY2015Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	14464789	shares
CY2014Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2014Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	25000000	shares
CY2015Q2	us-gaap	Share Price SharePrice	3.00
CY2015Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	5235300	USD
CY2015Q2	ipdn	Stock Issued During Period Value New Issues Net Of Issuance Costs StockIssuedDuringPeriodValueNewIssuesNetOfIssuanceCosts	4600000	USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	300429	USD
	us-gaap	Membership Dues Revenue On Going MembershipDuesRevenueOnGoing	13542927	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1466822	USD
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	64154	USD
	us-gaap	Held To Maturity Securities Unrecognized Holding Losses HeldToMaturitySecuritiesUnrecognizedHoldingLosses	2787	USD
CY2015Q2	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	1093509	USD
CY2014Q4	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	5198878	USD
CY2014	us-gaap	Held To Maturity Securities Unrecognized Holding Gains HeldToMaturitySecuritiesUnrecognizedHoldingGains	810116	USD
CY2014	us-gaap	Held To Maturity Securities Unrecognized Holding Losses HeldToMaturitySecuritiesUnrecognizedHoldingLosses	6572	USD
CY2014Q4	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	6002422	USD
	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	2721000	USD
CY2015Q2	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	1096234	USD
	us-gaap	Held To Maturity Securities Unrecognized Holding Gains HeldToMaturitySecuritiesUnrecognizedHoldingGains	62	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	903358	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	314250	shares
CY2015Q2	us-gaap	Advertising Revenue AdvertisingRevenue	63785	USD
CY2014Q2	us-gaap	Advertising Revenue AdvertisingRevenue	447181	USD
CY2014Q2	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	585106	USD
	us-gaap	Use Of Estimates UseOfEstimates	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><strong>Use of Estimates -</strong></font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> The preparation of unaudited condensed consolidated financial statements in conformity with 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 unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.</font></p> <p style="margin: 0pt; orphans: 0; widows: 0; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> </font></p> <p style="margin: 0pt; orphans: 0; widows: 0; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Making estimates requires management to exercise significant judgment.</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> </font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited interim condensed consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future intervening events. Accordingly, the actual results could differ significantly from estimates.</font></p> </div>
CY2015Q2	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	324254	USD
CY2014Q2	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	20165	USD
CY2015Q2	us-gaap	Capitalized Computer Software Amortization CapitalizedComputerSoftwareAmortization	90663	USD
CY2014Q2	us-gaap	Capitalized Computer Software Amortization CapitalizedComputerSoftwareAmortization	89107	USD
CY2015Q2	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	756039	USD
CY2015Q2	us-gaap	Membership Dues Revenue On Going MembershipDuesRevenueOnGoing	6754247	USD
CY2014Q2	us-gaap	Membership Dues Revenue On Going MembershipDuesRevenueOnGoing		USD
CY2015Q2	ipdn	Lead Generation Revenues LeadGenerationRevenues	2760022	USD
CY2014Q2	ipdn	Lead Generation Revenues LeadGenerationRevenues		USD
CY2015Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	64736	USD
CY2014Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet		USD
CY2015Q2	us-gaap	Revenues Revenues	10398829	USD
CY2014Q2	us-gaap	Revenues Revenues	1032287	USD
CY2015Q2	us-gaap	Cost Of Revenue CostOfRevenue	1471760	USD
CY2015Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	5479052	USD
CY2014Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	763083	USD
CY2015Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3902136	USD
CY2014Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	572018	USD
CY2015Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	870273	USD
CY2014Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	93648	USD
CY2015Q2	us-gaap	Costs And Expenses CostsAndExpenses	11723221	USD
CY2014Q2	us-gaap	Costs And Expenses CostsAndExpenses	1824503	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-1324392	USD
CY2014Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-792216	USD
CY2015Q2	us-gaap	Interest Expense InterestExpense	29479	USD
CY2014Q2	us-gaap	Interest Expense InterestExpense		USD
CY2015Q2	us-gaap	Interest And Other Income InterestAndOtherIncome	7126	USD
CY2014Q2	us-gaap	Interest And Other Income InterestAndOtherIncome	1010	USD
CY2015Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-22353	USD
CY2014Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1010	USD
CY2015Q2	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	71270	USD
CY2014Q2	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-30277	USD
CY2015Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1275475	USD
CY2014Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-821483	USD
CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-497196	USD
CY2014Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-333322	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	-778279	USD
CY2014Q2	us-gaap	Net Income Loss NetIncomeLoss	-488161	USD
CY2015Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.06
CY2014Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.08
CY2015Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	14023916	shares
CY2014Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	6313717	shares
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts		USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	15232	USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations		USD
	ipdn	Accrued Expenses Related To License Fee AccruedExpensesRelatedToLicenseFee		USD
	ipdn	Accrued Expenses Related To License Fee AccruedExpensesRelatedToLicenseFee	450000	USD
CY2014Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	12928072	shares
CY2014Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	12719689	shares
CY2015Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	8382	shares
CY2014Q2	us-gaap	Cost Of Revenue CostOfRevenue	395754	USD
	us-gaap	Cost Of Revenue CostOfRevenue	762225	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock		USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	25862	USD
CY2014Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	8382	shares
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	5235300	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock		USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	1272006	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable		USD
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	653427	USD
CY2015Q2	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	1212000	USD
CY2014Q2	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	169000	USD
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	21292787	USD
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-3400241	USD
	ipdn	Business Acquisition Pro Forma Earnings Per Share Basic And Diluted BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted	-0.27
	ipdn	Business Acquisition Pro Forma Weighted Average Number Of Share Outstanding Basic And Diluted BusinessAcquisitionProFormaWeightedAverageNumberOfShareOutstandingBasicAndDiluted	12725871	shares
CY2014Q4	us-gaap	Capitalized Computer Software Gross CapitalizedComputerSoftwareGross	1469413	USD
CY2014Q4	us-gaap	Capitalized Computer Software Accumulated Amortization CapitalizedComputerSoftwareAccumulatedAmortization	943343	USD
CY2015Q2	us-gaap	Operating Leases Rent Expense Sublease Rentals1 OperatingLeasesRentExpenseSubleaseRentals1	90000	USD
CY2014Q2	us-gaap	Operating Leases Rent Expense Sublease Rentals1 OperatingLeasesRentExpenseSubleaseRentals1	0	USD
CY2015Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized	1800000	shares
CY2015Q2	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	870273	USD
CY2015Q2	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	37751	USD
CY2015Q2	us-gaap	Assets Assets	72615054	USD
CY2015Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	14673172	shares
CY2015Q2	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	1670000	shares
CY2015Q2	us-gaap	Share Price SharePrice	3.00
CY2015Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	5010000	USD
CY2015Q2	ipdn	Stock Issued During Period Value New Issues Net Of Issuance Costs StockIssuedDuringPeriodValueNewIssuesNetOfIssuanceCosts	4400000	USD

Files In Submission

Name	View Source	Status
0001214659-15-005996-index-headers.html	Edgar Link	pending
0001214659-15-005996-index.html	Edgar Link	pending
0001214659-15-005996.txt	Edgar Link	pending
0001214659-15-005996-xbrl.zip	Edgar Link	pending
ex31_1.htm	Edgar Link	pending
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ex32_1.htm	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
ipdn-20150630.xml	Edgar Link	completed
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ipdn-20150630_pre.xml	Edgar Link	unprocessable
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report.css	Edgar Link	pending
s81115110q.htm	Edgar Link	pending
Show.js	Edgar Link	pending

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2015 Q3 Form 10-Q Financial Statement

#000121465915005996 Filed on August 12, 2015

Income Statement

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Facts In Submission

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$IPDN Professional Diversity Network Inc Stock $ipdn

2015 Q3 Form 10-Q Financial Statement

#000121465915005996 Filed on August 12, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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Professional Diversity Network Inc Stock $ipdn