Professional Diversity Network, Inc. (IPDN) Form 10-Q — Aug 14, 2026
Professional Diversity Network's Q2 2026 10-Q discloses substantial doubt about the company's ability to continue as a going concern, with unrestricted cash of just $141,831 at June 30, 2026 against an accumulated deficit of $112.4 million, a $946,909 working capital deficit, and $955,062 of operating cash burn during the half-year. First-half revenue fell to $2,729,372 from $3,146,076 a year earlier, while the net loss attributable to the company more than tripled to $3,565,172 from $1,198,027, driven largely by a $2.39 million amortization charge on recently purchased music copyrights.
Key figures
- Revenue
- 2729372
- Total Assets
- 17784967
- Cash Position
- 141831
- Gross Proceeds
- 2000000
- Shares Outstanding
- 12830323
- Q2 2025 revenue
- 1641490
- Q2 2026 revenue
- 1181296
- Restricted cash
- 2495000
- Accumulated deficit
- 112430846
- Highwave paid to date
- 3700000
- Revenue prior year h1
- 3146076
- August 2026 unit price
- 0.28
- Dtt token consideration
- 2593780
- Working capital deficit
- 946909
- Maxim group placement fee
- 6.0% of aggregate purchase price
- August 2026 offering units
- 1620000
- August 2026 prefunded units
- 5524000
- Napw iaw sale consideration
- 150000
- Depreciation amortization h1
- 2388334
- Streeterville proceeds share
- 20% of gross offering proceeds
- Highwave copyright agreement total
- 10000000
- Convertible note remaining principal
- 125656
- Ai geometric second stake consideration
- 1360000
- Authorized common shares post amendment
- 1000000000
Price after filing
Close on the filing date to close N calendar days later (from $7.76). Historical, not a forecast.
AI analysis
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