2023 Q4 Form 10-Q Financial Statement

#000149315223040977 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $1.894M $2.008M $2.114M
YoY Change -2.92% -5.02% 25.64%
Cost Of Revenue $697.6K $923.6K $1.229M
YoY Change -43.62% -24.82% 254.53%
Gross Profit $1.197M $1.085M $886.0K
YoY Change 67.63% 22.44% -33.71%
Gross Profit Margin 63.17% 54.01% 41.9%
Selling, General & Admin $1.653M $2.265M $1.764M
YoY Change -4.56% 28.41% 26.05%
% of Gross Profit 138.12% 208.81% 199.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $195.3K $4.000K $232.7K
YoY Change 550.27% -98.28% 537.14%
% of Gross Profit 16.32% 0.37% 26.27%
Operating Expenses $1.848M $2.265M $1.764M
YoY Change 4.9% 28.41% 23.43%
Operating Profit -$651.5K -$1.329M -$1.111M
YoY Change -37.83% 19.66% 1100.69%
Interest Expense $4.110K $1.750K -$10.08K
YoY Change -117.36% -521.76%
% of Operating Profit
Other Income/Expense, Net $1.746K -$10.08K
YoY Change -117.32% -521.35%
Pretax Income -$647.4K -$1.327M -$1.121M
YoY Change -37.27% 18.43% 1143.72%
Income Tax -$122.2K -$7.228K -$25.48K
% Of Pretax Income
Net Earnings -$513.7K -$1.316M -$959.5K
YoY Change -50.18% 37.17% 1088.38%
Net Earnings / Revenue -27.12% -65.53% -45.38%
Basic Earnings Per Share -$0.12 -$0.07
Diluted Earnings Per Share -$0.05 -$0.12 -$56.70K
COMMON SHARES
Basic Shares Outstanding 11.07M shares 10.98M shares 16.68M shares
Diluted Shares Outstanding 11.12M shares 8.461M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $627.6K $615.1K $1.463M
YoY Change -49.25% -57.95% -64.25%
Cash & Equivalents $627.6K $615.1K $1.463M
Short-Term Investments
Other Short-Term Assets $556.7K $676.6K $732.7K
YoY Change 57.97% -7.66% 159.85%
Inventory
Prepaid Expenses
Receivables $1.134M $904.4K $896.3K
Other Receivables $50.00K $50.00K $350.3K
Total Short-Term Assets $2.368M $2.246M $3.442M
YoY Change -27.29% -34.75% -40.24%
LONG-TERM ASSETS
Property, Plant & Equipment $340.5K $38.62K $35.85K
YoY Change 863.56% 7.71% -92.31%
Goodwill $1.418M $1.418M $1.275M
YoY Change 11.22% 11.22%
Intangibles $225.8K $398.1K $244.5K
YoY Change 0.28% 62.85%
Long-Term Investments $1.350M
YoY Change
Other Assets $1.788M $1.771M $294.4K
YoY Change 32.44% 501.43% -70.41%
Total Long-Term Assets $3.958M $4.332M $3.625M
YoY Change 10.6% 19.5% -10.27%
TOTAL ASSETS
Total Short-Term Assets $2.368M $2.246M $3.442M
Total Long-Term Assets $3.958M $4.332M $3.625M
Total Assets $6.327M $6.578M $7.068M
YoY Change -7.45% -6.92% -27.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $524.9K $636.7K $417.2K
YoY Change 55.01% 52.6% 45.49%
Accrued Expenses $950.5K $919.8K $1.122M
YoY Change -11.32% -18.04% -31.68%
Deferred Revenue $2.000M $1.867M $1.679M
YoY Change 3.83% 11.21%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.475M $4.015M $3.794M
YoY Change -11.86% 5.83% -19.97%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $283.1K $100.0K
YoY Change 183.06% -81.54%
Total Long-Term Liabilities $283.1K $0.00 $100.0K
YoY Change 183.06% -100.0% -81.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.475M $4.015M $3.794M
Total Long-Term Liabilities $283.1K $0.00 $100.0K
Total Liabilities $3.278M $4.441M $4.387M
YoY Change -27.58% 1.25% -26.17%
SHAREHOLDERS EQUITY
Retained Earnings -$99.90M -$102.2M -$97.35M
YoY Change 1.55% 4.96%
Common Stock $114.5K $104.7M $100.8M
YoY Change -99.89% 3.88%
Preferred Stock
YoY Change
Treasury Stock (at cost) $37.12K $552.6K
YoY Change -93.28%
Treasury Stock Shares 579.9K shares
Shareholders Equity $3.048M $2.466M $2.872M
YoY Change
Total Liabilities & Shareholders Equity $6.327M $6.578M $7.068M
YoY Change -7.45% -6.92% -27.88%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$513.7K -$1.316M -$959.5K
YoY Change -50.18% 37.17% 1088.38%
Depreciation, Depletion And Amortization $195.3K $4.000K $232.7K
YoY Change 550.27% -98.28% 537.14%
Cash From Operating Activities -$583.8K -$1.533M -$829.1K
YoY Change -31.48% 84.92% 56.55%
INVESTING ACTIVITIES
Capital Expenditures -$315.4K $56.95K -$23.33K
YoY Change -1143.02% -344.11% -48.83%
Acquisitions
YoY Change
Other Investing Activities -$383.3K -$1.630K
YoY Change
Cash From Investing Activities -$67.92K -$58.58K -$23.33K
YoY Change 124.6% 151.09% -98.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 664.3K 0.000 -128.9K
YoY Change 0.64% -100.0% -103.93%
NET CHANGE
Cash From Operating Activities -583.8K -1.533M -829.1K
Cash From Investing Activities -67.92K -58.58K -23.33K
Cash From Financing Activities 664.3K 0.000 -128.9K
Net Change In Cash 12.63K -1.592M -981.3K
YoY Change -105.69% 62.2% -163.32%
FREE CASH FLOW
Cash From Operating Activities -$583.8K -$1.533M -$829.1K
Capital Expenditures -$315.4K $56.95K -$23.33K
Free Cash Flow -$268.3K -$1.590M -$805.8K
YoY Change -69.58% 97.34% 66.47%

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CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Profit Loss
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Stock Issued During Period Value New Issues
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IPDN Stock Issued During Period Value Reacquisition Of Previously Issued Common Stock
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us-gaap Profit Loss
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us-gaap Share Based Compensation
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Equity Method Investments
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Payments For Repurchase Of Equity
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us-gaap Net Cash Provided By Used In Financing Activities
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2700000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Stock Issued1
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200000 usd
us-gaap Stock Issued1
StockIssued1
400000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5805000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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6363000 usd
CY2023Q3 IPDN Working Capital Deficiency
WorkingCapitalDeficiency
1264000 usd
CY2022Q4 IPDN Working Capital Deficiency
WorkingCapitalDeficiency
187000 usd
us-gaap Use Of Estimates
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<p id="xdx_849_eus-gaap--UseOfEstimates_zYr9fu2Ya2y2" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b><i><span id="xdx_866_z2D0DnGNEtWh">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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p>
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Depreciation
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us-gaap Depreciation
Depreciation
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Depreciation
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CY2022Q3 us-gaap Depreciation
Depreciation
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CY2023Q3 us-gaap Area Of Land
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SaleOfStockConsiderationReceivedPerTransaction
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CY2021Q2 us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2023Q3 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
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CY2022Q3 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
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us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
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CY2023Q3 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
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DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
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CY2023Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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CY2022Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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CY2023Q3 us-gaap Prepaid Advertising
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CY2022Q4 us-gaap Prepaid Advertising
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us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_849_eus-gaap--ConcentrationRiskCreditRisk_zYm3cqdBvzW9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b><i><span id="xdx_86E_zuBSUeR5bHIb">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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p>
CY2023Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
122229 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
138551 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
92177 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84D_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zRo236sAvFK4" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b><i><span id="xdx_867_zEuHbmwswDa9">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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p>
CY2023Q3 us-gaap Deposit Contracts Assets
DepositContractsAssets
0 usd
CY2023Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1867000 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1926000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2109677 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1976612 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-1359744 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-1314807 usd
IPDN Contract With Customer Liability Amounts Collected Or Invoiced
ContractWithCustomerLiabilityAmountsCollectedOrInvoiced
1117262 usd
IPDN Contract With Customer Liability Amounts Collected Or Invoiced
ContractWithCustomerLiabilityAmountsCollectedOrInvoiced
1017085 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1867195 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1678890 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
1895 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
6587 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
97823 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
102515 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
103494 usd
CY2022 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
45196 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
39993 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
23735 usd
CY2023Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
128000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
64499 usd
CY2023Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
16200 usd
CY2022Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
6100 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
40000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
15600 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13588192 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-13291451 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
296741 usd
CY2023Q3 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
101400 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
398141 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
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
172293 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
91114 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
33334 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
296741 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
128000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
225000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.04
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
379000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
724000 usd
CY2023Q3 us-gaap Area Of Land
AreaOfLand
4902 sqft
CY2023Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P84M
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
315639 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
386368 usd
CY2020Q1 us-gaap Litigation Reserve Current
LitigationReserveCurrent
450000 usd
IPDN Common Stock Outstanding Percentage
CommonStockOutstandingPercentage
0.232 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
CY2023Q3 IPDN Preferred Stock Shares Undesignated
PreferredStockSharesUndesignated
1000000 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
45000000 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11070484 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
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
33063 shares
CY2023Q3 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
P6Y
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
28063 shares
CY2023Q3 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
P5Y8M12D
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
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
33063 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
23063 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
11.14
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-25479 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1095240 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
5804802 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-3887013 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y3M18D
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7700 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.
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7228 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-25479 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17151 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-35720 usd
CY2023Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10877000 usd
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
898000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2008368 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1328968 usd
CY2023Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
148722 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7228 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1319994 usd
CY2023Q3 us-gaap Goodwill
Goodwill
1417753 usd
CY2023Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
398141 usd
CY2023Q3 IPDN Assets From Continuing Operations
AssetsFromContinuingOperations
6376496 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2114495 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1110636 usd
CY2022Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
232748 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
428655 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17151 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3861035 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6362882 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2053902 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
746057 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-35720 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2037701 usd

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