2023 Q3 Form 10-Q Financial Statement

#000149315223028601 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $2.008M $1.841M $2.196M
YoY Change -5.02% -16.14% 50.36%
Cost Of Revenue $923.6K $765.2K $932.4K
YoY Change -24.82% -17.93% 258.57%
Gross Profit $1.085M $1.076M $1.263M
YoY Change 22.44% -14.81% 5.24%
Gross Profit Margin 54.01% 58.44% 57.53%
Selling, General & Admin $2.265M $2.360M $1.058M
YoY Change 28.41% 123.05% -38.22%
% of Gross Profit 208.81% 219.34% 83.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.000K $3.000K $232.0K
YoY Change -98.28% -98.71% 698.04%
% of Gross Profit 0.37% 0.28% 18.37%
Operating Expenses $2.265M $2.360M $1.058M
YoY Change 28.41% 123.05% -38.22%
Operating Profit -$1.329M -$1.431M -$27.05K
YoY Change 19.66% 5190.6% -95.0%
Interest Expense $1.750K
YoY Change -117.36%
% of Operating Profit
Other Income/Expense, Net $1.746K $497.00 -$10.34K
YoY Change -117.32% -104.81% -658.76%
Pretax Income -$1.327M -$1.431M -$37.39K
YoY Change 18.43% 3726.61% -93.07%
Income Tax -$7.228K $950.00 $15.55K
% Of Pretax Income
Net Earnings -$1.316M -$1.413M $91.06K
YoY Change 37.17% -1651.21% -114.33%
Net Earnings / Revenue -65.53% -76.72% 4.15%
Basic Earnings Per Share -$0.12 -$0.14 -$0.03
Diluted Earnings Per Share -$0.12 -$0.14 $5.551K
COMMON SHARES
Basic Shares Outstanding 10.98M shares 10.27M shares 16.41M shares
Diluted Shares Outstanding 11.12M shares 10.39M shares 8.203M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $615.1K $2.207M $2.439M
YoY Change -57.95% -9.54% -2.72%
Cash & Equivalents $615.1K $2.207M $2.439M
Short-Term Investments
Other Short-Term Assets $676.6K $807.8K $513.1K
YoY Change -7.66% 57.45% 20.24%
Inventory
Prepaid Expenses
Receivables $904.4K $849.9K $921.6K
Other Receivables $50.00K $50.00K $350.0K
Total Short-Term Assets $2.246M $3.914M $4.224M
YoY Change -34.75% -7.33% 5.26%
LONG-TERM ASSETS
Property, Plant & Equipment $38.62K $38.70K $29.21K
YoY Change 7.71% 32.47% -93.78%
Goodwill $1.418M $1.418M $1.275M
YoY Change 11.22% 11.22%
Intangibles $398.1K $515.5K $469.1K
YoY Change 62.85% 9.91%
Long-Term Investments
YoY Change
Other Assets $1.771M $1.864M $454.7K
YoY Change 501.43% 309.97% -36.22%
Total Long-Term Assets $4.332M $4.534M $2.661M
YoY Change 19.5% 70.4% 40.7%
TOTAL ASSETS
Total Short-Term Assets $2.246M $3.914M $4.224M
Total Long-Term Assets $4.332M $4.534M $2.661M
Total Assets $6.578M $8.449M $6.885M
YoY Change -6.92% 22.71% 16.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $636.7K $818.4K $248.4K
YoY Change 52.6% 229.53% -33.97%
Accrued Expenses $919.8K $1.126M $926.8K
YoY Change -18.04% 21.53% -47.02%
Deferred Revenue $1.867M $2.110M $1.977M
YoY Change 11.21% 6.71%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.015M $4.633M $3.671M
YoY Change 5.83% 26.21% -22.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $100.0K
YoY Change -77.72%
Total Long-Term Liabilities $0.00 $0.00 $100.0K
YoY Change -100.0% -100.0% -77.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.015M $4.633M $3.671M
Total Long-Term Liabilities $0.00 $0.00 $100.0K
Total Liabilities $4.441M $5.088M $4.340M
YoY Change 1.25% 17.23% -19.17%
SHAREHOLDERS EQUITY
Retained Earnings -$102.2M -$100.9M -$96.39M
YoY Change 4.96% 4.64%
Common Stock $104.7M $104.6M $99.41M
YoY Change 3.88% 5.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $37.12K $37.12K $423.7K
YoY Change -93.28% -91.24%
Treasury Stock Shares 419.0K shares
Shareholders Equity $2.466M $3.675M $2.587M
YoY Change
Total Liabilities & Shareholders Equity $6.578M $8.449M $6.885M
YoY Change -6.92% 22.71% 16.61%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$1.316M -$1.413M $91.06K
YoY Change 37.17% -1651.21% -114.33%
Depreciation, Depletion And Amortization $4.000K $3.000K $232.0K
YoY Change -98.28% -98.71% 698.04%
Cash From Operating Activities -$1.533M -$485.7K -$281.7K
YoY Change 84.92% 72.43% -524.03%
INVESTING ACTIVITIES
Capital Expenditures $56.95K $37.86K -$5.440K
YoY Change -344.11% -795.96% -47.49%
Acquisitions
YoY Change
Other Investing Activities -$1.630K -$235.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$58.58K -$272.8K -$5.440K
YoY Change 151.09% 4915.07% -92.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 2.000M -246.6K
YoY Change -100.0% -911.16% -248.08%
NET CHANGE
Cash From Operating Activities -1.533M -485.7K -281.7K
Cash From Investing Activities -58.58K -272.8K -5.440K
Cash From Financing Activities 0.000 2.000M -246.6K
Net Change In Cash -1.592M 1.241M -533.7K
YoY Change 62.2% -332.62% -428.28%
FREE CASH FLOW
Cash From Operating Activities -$1.533M -$485.7K -$281.7K
Capital Expenditures $56.95K $37.86K -$5.440K
Free Cash Flow -$1.590M -$523.6K -$276.2K
YoY Change 97.34% 89.53% -459.73%

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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Stock Issued1
StockIssued1
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Depreciation
Depreciation
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Depreciation
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Depreciation
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<p id="xdx_849_eus-gaap--UseOfEstimates_zfYWfEnXxlA" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_865_zpTiAUx9uIxh">Use of Estimates</span></i></b><i> –</i> The preparation of 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. 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 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significant estimates underlying the financial statements include: the fair value of acquired assets and liabilities associated with acquisitions, the assessment of goodwill for impairment, intangible assets and long-lived assets for impairment, allowances for doubtful accounts and assumptions related to the valuation allowances on deferred taxes, impact of applying the revised federal tax rates on deferred taxes, the valuation of stock-based compensation and the valuation of stock warrants.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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us-gaap Marketing And Advertising Expense
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CY2022Q4 us-gaap Prepaid Advertising
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us-gaap Prior Period Reclassification Adjustment Description
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<p id="xdx_84D_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zLxwPTR1fwR3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_860_zSJ9BjeJ0hsb">Reclassifications</span> - </i></b>Certain prior year amounts in the Consolidated Statements of Cash Flows have been reclassified to conform to the current year presentation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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CY2021Q2 us-gaap Sale Of Stock Consideration Received Per Transaction
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
6000 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
11000 usd
us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
18000 usd
us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
29000 usd
CY2022Q2 IPDN Disposal Group Including Discontinued Operation Nonoperating Income Expense
DisposalGroupIncludingDiscontinuedOperationNonoperatingIncomeExpense
0 usd
IPDN Disposal Group Including Discontinued Operation Nonoperating Income Expense
DisposalGroupIncludingDiscontinuedOperationNonoperatingIncomeExpense
0 usd
CY2023Q2 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
-6000 usd
CY2022Q2 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
-11000 usd
us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
-18000 usd
us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
-29000 usd
CY2023Q2 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
-6000 usd
CY2022Q2 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
-11000 usd
us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
-18000 usd
us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
-29000 usd
CY2023Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
342000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_849_eus-gaap--ConcentrationRiskCreditRisk_zOpe63OJKjDb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_865_zwLw4E1wrdQ7">Concentrations of Credit Risk</span> -</i></b> Financial instruments, which potentially subject the Company to concentration of credit risk, consist principally of cash and cash equivalents and accounts receivable. The Company places its cash with high credit quality institutions. At times, such amounts may be in excess of the FDIC insurance limits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant credit risk on the account.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
129457 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
58551 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
92177 shares
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 usd
CY2023Q2 us-gaap Deposit Contracts Assets
DepositContractsAssets
0 usd
CY2023Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
2110000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1184000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
102515 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
247190 usd
IPDN Allowance For Doubtful Accounts Receivable Provisions For Credit Losses
AllowanceForDoubtfulAccountsReceivableProvisionsForCreditLosses
6924 usd
CY2022 IPDN Allowance For Doubtful Accounts Receivable Provisions For Credit Losses
AllowanceForDoubtfulAccountsReceivableProvisionsForCreditLosses
-144675 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
6092 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
103347 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
102515 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
300687 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
91114 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
64499 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
43038 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
61200 usd
CY2022 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
45196 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
23828 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
23735 usd
CY2023Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
101871 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
64499 usd
CY2023Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
12900 usd
CY2022Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
4600 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
23250 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
9000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13588192 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-13163058 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
425134 usd
CY2023Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
90400 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
515534 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13046792 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-12911971 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
134821 usd
CY2022Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
90400 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
225221 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
33333 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
425134 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
131000 usd
CY2023Q2 us-gaap Area Of Land
AreaOfLand
4902 sqft
CY2023Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P84M
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
332493 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
406110 usd
CY2020Q1 us-gaap Litigation Reserve Current
LitigationReserveCurrent
450000 usd
IPDN Common Stock Outstanding Percentage
CommonStockOutstandingPercentage
0.234 pure
CY2022Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1.5 to 1 and 5 to 1
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.00
CY2023Q2 IPDN Preferred Stock Shares Undesignated
PreferredStockSharesUndesignated
1000000 shares
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
45000000 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10983640 shares
CY2023Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
99339 shares
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
200000 usd
CY2023Q1 IPDN Stock Issued During Period Shares Purchase Of Common Stock
StockIssuedDuringPeriodSharesPurchaseOfCommonStock
333181 shares
CY2023Q1 us-gaap Share Price
SharePrice
2.10
CY2023Q1 IPDN Stock Issued During Period Value Purchased Of Common Stock
StockIssuedDuringPeriodValuePurchasedOfCommonStock
700000 usd
CY2023Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
750000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
33063 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.04
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M18D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
33063 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.04
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y2M12D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
28063 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
9.91
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
33063 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.04
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M18D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
33063 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.04
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y2M12D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
23063 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
11.14
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y6M
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
10400 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
The shares will vest as follows: 1/3 immediately ‎upon grant, 1/3 on the first anniversary of the employment agreement, and the final 1/3 on the ‎second anniversary of the employment agreement; provided, however, that Mr. He must remain ‎continuously employed by the Company and/or its affiliates through the applicable ‎vesting date.
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
950 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15547 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-9923 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10241 usd
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10568000 usd
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
590000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1841225 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1431265 usd
CY2023Q2 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
147159 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
950 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1431718 usd
CY2023Q2 us-gaap Goodwill
Goodwill
1417753 usd
CY2023Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
515534 usd
CY2023Q2 IPDN Assets From Continuing Operations
AssetsFromContinuingOperations
8246841 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2195507 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-27053 usd
CY2022Q2 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
232037 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15547 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-52937 usd
CY2022Q4 us-gaap Goodwill
Goodwill
1274785 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
225221 usd
CY2022Q4 IPDN Assets From Continuing Operations
AssetsFromContinuingOperations
6634305 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3796434 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2558045 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
279933 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-9923 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2541041 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4248387 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-943266 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
513309 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10241 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-942461 usd

Files In Submission

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0001493152-23-028601.txt Edgar Link pending
0001493152-23-028601-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
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ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
ipdn-20230630.xsd Edgar Link pending
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