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Professional Diversity Network (IPDN)

Document and Entity Information

Document and Entity Information3 Months Ended
Mar. 31, 2021shares
Cover [Abstract]
Entity Registrant NameProfessional Diversity Network, Inc.
Entity Central Index Key0001546296
Document Type10-Q
Document Period End DateMar. 31,
2021
Amendment Flagfalse
Current Fiscal Year End Date--12-31
Entity Current Reporting StatusYes
Entity Interactive Data CurrentYes
Entity Filer CategoryNon-accelerated Filer
Entity Small Business Flagtrue
Entity Emerging Growth Companyfalse
Entity Shell Companyfalse
Entity Common Stock, Shares Outstanding13,465,022
Document Fiscal Period FocusQ1
Document Fiscal Year Focus2021

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)Mar. 31, 2021Dec. 31, 2020
Current Assets:
Cash and cash equivalents $ 2,342,343 $ 2,117,569
Accounts receivable, net1,066,101 1,005,482
Incremental direct costs42,848 36,212
Prepaid expense and other current assets353,273 355,260
Current assets from discontinued operations6,882 6,898
Total current assets3,811,447 3,521,421
Property and equipment, net12,240 10,382
Capitalized technology, net19,582 25,867
Goodwill339,451 339,451
Intangible assets, net357,126 376,178
Right-of-use assets472,526 487,677
Merchant reserve760,849 760,849
Security deposits66,340 66,340
Long-term assets from discontinued operations198,186 3,085,178
Total assets6,037,747 8,673,343
Current Liabilities:
Accounts payable431,778 728,379
Accrued expenses1,500,009 1,626,164
Deferred revenue2,114,991 1,901,129
Lease liability, current portion61,887 46,526
Current liabilities from discontinued operations387,186 375,276
Total current liabilities4,495,851 4,677,474
Lease liability, non-current portion456,333 463,998
Deferred tax liability121,335 186,039
Total liabilities5,073,519 5,327,511
Commitments and contingencies
Stockholders' Equity
Common stock, $0.01 par value; 45,000,000 shares authorized, 13,466,070 shares and 12,820,891 shares issued as of March 31, 2021 and December 31, 2020, and 13,465,022 and 12,819,843 shares outstanding as of March 31, 2021 and December 31, 2020.134,650 128,198
Additional paid in capital94,659,832 95,985,080
Accumulated other comprehensive income387 292,506
Accumulated deficit(93,793,524)(93,022,835)
Treasury stock, at cost; 1,048 shares at March 31, 2021 and December 31, 2020(37,117)(37,117)
Total stockholders' equity964,228 3,345,832
Total liabilities and stockholders' equity $ 6,037,747 $ 8,673,343

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / sharesMar. 31, 2021Dec. 31, 2020
Statement of Financial Position [Abstract]
Common stock, par value $ 0.01 $ 0.01
Common stock, shares authorized45,000,000 45,000,000
Common stock, shares issued13,466,070 12,820,891
Common stock, shares outstanding13,465,022 12,819,843
Treasury stock, shares1,048 1,048

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Revenues:
Total revenues $ 1,484,852 $ 982,297
Costs and expenses:
Cost of revenues261,154 173,477
Sales and marketing699,715 524,969
General and administrative1,317,853 1,660,854
Depreciation and amortization29,607 52,001
Total costs and expenses2,308,329 2,411,301
Loss from continuing operations(823,477)(1,429,004)
Other income (expense)
Interest expense
Interest and other income885 664
Other income (expense), net885 664
Loss before income tax benefit(822,592)(1,428,340)
Income tax benefit(66,977)(5,909)
Loss from continuing operations(755,615)(1,422,431)
Income (loss) from discontinued operations(15,074)(69,665)
Net loss(770,689)(1,492,096)
Other comprehensive loss:
Net loss(770,689)(1,492,096)
Foreign currency translation adjustment(292,119)39,873
Comprehensive loss: $ (1,062,808) $ (1,452,223)
Basic and diluted loss per share:
Continuing operations $ (0.06) $ (0.16)
Discontinued operations0 (0.01)
Net loss $ (0.06) $ (0.17)
Weighted average outstanding shares used in computing net loss per common share:
Basic and diluted13,263,402 8,969,475
Membership Fees and Related Services [Member]
Revenues:
Total revenues $ 263,205 $ 383,831
Recruitment Services [Member]
Revenues:
Total revenues1,175,080 566,687
Products Sales and Other [Member]
Revenues:
Total revenues1,431 1,431
Consumer Advertising and Marketing Solutions [Member]
Revenues:
Total revenues $ 45,136 $ 30,348

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)Common Stock [Member]Additional Paid in Capital [Member]Accumulated Deficit [Member]Treasury Stock [Member]Accumulated Other Comprehensive Income (Loss) [Member]Total
Beginning balance at Dec. 31, 2019 $ 89,286 $ 91,126,784 $ (88,671,260) $ (37,117) $ 44,242 $ 2,551,935
Beginning balance, shares at Dec. 31, 20198,928,611 1,048
Sale of common stock $ 19,392 1,480,608 1,500,000
Sale of common stock, shares1,939,237
Issuance of common stock $ 531 (531)
Issuance of common stock, shares53,125
Share-based compensation 18,680 18,680
Translation adjustments 39,873 39,873
Net loss (1,492,096) (1,492,096)
Ending balance at Mar. 31, 2020 $ 109,209 92,625,541 (90,163,356) $ (37,117)84,115 2,618,392
Ending balance, shares at Mar. 31, 202010,920,973 1,048
Beginning balance at Dec. 31, 2020 $ 128,198 95,985,080 (93,022,835) $ (37,117)292,506 3,345,832
Beginning balance, shares at Dec. 31, 202012,819,843 1,048
Sale of common stock $ 5,000 995,000 1,000,000
Sale of common stock, shares500,000
Issuance of common stock $ 1,500 165,000 166,500
Issuance of common stock, shares150,000
Cancellation of common stock $ (48)48
Cancellation of common stock, shares(4,821)
Share-based compensation 106,428 106,428
Translation adjustments (292,119)(292,119)
Adjustment from discontinued operations (2,591,724) (2,591,724)
Net loss (770,689) (770,689)
Ending balance at Mar. 31, 2021 $ 134,650 $ 94,659,832 $ (93,793,524) $ (37,117) $ 387 $ 964,228
Ending balance, shares at Mar. 31, 202113,465,022 1,048

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Cash flows from operating activities:
Loss from continuing operations $ (755,615) $ (1,422,431)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities - continuing operations:
Depreciation and amortization29,606 52,001
Deferred tax benefit(64,704)(5,909)
Amortization of right-of-use asset22,847 39,102
Accretion of lease liability 1,469
Stock-based compensation expense106,428 18,680
Write-off of property and equipment
Litigation settlement reserve 450,000
Issuance of common stock related to settlement166,500
Payment of lease obligations (45,642)
Changes in operating assets and liabilities, net of effects of discontinued operations:
Accounts receivable(60,619)433,396
Prepaid expenses and other current assets1,987 (66,419)
Incremental direct costs(6,636)7,139
Accounts payable(296,600)187,576
Accrued expenses(126,154)(73,004)
Deferred revenue213,862 (149,836)
Net cash used in operating activities - continuing operations(769,098)(573,878)
Net cash provided by operating activities - discontinued operations35,364 15,573
Net cash used in operating activities(733,734)(558,305)
Cash flows from investing activities:
Costs incurred to develop technology(3,470)(3,700)
Purchases of property and equipment(2,658)(834)
Net cash used in investing activities - continuing operations(6,128)(4,534)
Net cash used in investing activities - discontinued operations (171)
Net cash provided used in investing activities(6,128)(4,705)
Cash flows from financing activities:
Proceeds from the sale of common stock1,000,000 1,500,000
 Net cash provided by financing activities - continuing operations1,000,000 1,500,000
Net cash provided by financing activities1,000,000 1,500,000
Effect of exchange rate fluctuations on cash and cash equivalents(35,364)(15,402)
Net increase (decrease) in cash and cash equivalents224,774 936,990
Cash, cash equivalents, beginning of period2,117,569 633,615
Cash and cash equivalents, end of period2,342,343 1,555,203
Supplemental disclosures of other cash flow information:
Non-cash stock issuance166,500
Cash paid for income taxes

Basis of Presentation and Descr

Basis of Presentation and Description of Business3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation and Description of Business1. Basis of Presentation and Description of Business The accompanying condensed
consolidated financial statements have been prepared in conformity with U.S. GAAP pursuant to the rules and regulations of the Securities
and Exchange Commission (SEC) for interim financial information. Accordingly, they do not include all of the information and notes required
by U.S. GAAP for complete financial statements. The accompanying condensed consolidated financial statements include all adjustments,
which consist of normal recurring adjustments and transactions or events discretely impacting the interim periods, considered necessary
by management to fairly state our results of operations, financial position and cash flows. The operating results for interim periods
are not necessarily indicative of results that may be expected for any other interim period or for the full year. These condensed consolidated
financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our
2020 Form 10-K. Professional Diversity Network, Inc. is both the operator
of the Professional Diversity Network (the “Company,” “we,” “our,” “us,” “PDN Network,”
“PDN” or the “Professional Diversity Network”) and a holding company for NAPW, Inc., a wholly-owned subsidiary
of the Company and the operator of the National Association of Professional Women (the “NAPW Network” or “NAPW”).
The PDN Network operates online professional networking communities with career resources specifically tailored to the needs of different
diverse cultural groups including: Women, Hispanic-Americans, African-Americans, Asian-Americans, Disabled, Military Professionals, Lesbians,
Gay, Bisexual, Transgender and Queer (LGBTQ), and Students and Graduates seeking to transition from education to career. The networks’
purposes, among others, are to assist its registered users in their efforts to connect with like-minded individuals, identify career opportunities
within the network and connect with prospective employers. The Company’s technology platform is integral to the operation of its
business. The NAPW Network is networking organization for professional women, whereby its members can develop their professional networks,
further their education and skills, and promote their business and career accomplishments. NAPW provides its members with opportunities
to network and develop valuable business relationships with other professionals through its website, as well as at events hosted at its
local chapters across the country. In March 2020, our Board of Directors decided to
suspend all China operations generated by the former CEO, Michael Wang. The results of China operations are presented in the consolidated
statements of operations and comprehensive loss as net loss from discontinued operations. On March 19, 2020, Jiangxi PDN Culture Media
Co., Ltd. (“Jiangxi PDN”), a company established under the laws of the People’s Republic of China and a variable interest
entity (VIE) controlled by Professional Diversity Network, Inc. (“PDN”), issued a Notice of Termination of the Agreement
of Acquisition and Equity Transfer (the “Termination”). This Notice was exercised under Jiangxi PDN’s unilateral right
and was delivered on March 19, 2020. Under the terms of the Termination, no additional due diligence shall be completed, any materials
shall be returned to the respective owners, and there shall be no breakup fee or penalty associated with this Termination. We expect
no further involvement in this matter.

Going Concern and Management's

Going Concern and Management's Plans3 Months Ended
Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern and Management's Plans2. Going Concern and Management’s Plans At March 31, 2021, the Company’s principal sources
of liquidity were its cash and cash equivalents and the net proceeds from the sale of common stock during the first quarter of 2021. The Company had an accumulated deficit of ($93,793,524)
at March 31, 2021. During the three months ended March 31, 2021, the Company generated a net loss from continuing operations of ($755,615)
and used cash in continuing operations of $935,598. At March 31, 2021, the Company had a cash balance of $2,324,343. Total revenues were
approximately $1,485,000 and $982,000 for the three months ended March 31, 2021 and 2020, respectively. The Company had a working capital
deficiency from continuing operations of approximately ($684,000) and ($1,156,000) at March 31, 2021 and December 31, 2020, respectively.
These conditions raise substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a
going concern is dependent on the Company’s ability to further implement its business plan, raise capital, and generate revenues.
The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a
going concern. Management believes that its available cash on hand
and cash flow from operations may not be sufficient to meet our working capital requirements for the twelve month period subsequent to
the issuance of our financial statements. In order to accomplish our business plan objectives, the Company will need to continue its cost
reduction efforts, increase revenues, raising capital through the issuance of common stock, or through a strategic merger or acquisition.
However, there can be no assurances that our business plans and actions will be successful, that we will generate anticipated revenues,
or that unforeseen circumstances will not require additional funding sources in the future or effectuate plans to conserve liquidity.
Future efforts to improve liquidity through the issuance of our common stock may not be successful or they may not be available on acceptable
terms, if at all. On February 1, 2021, the Company entered into a private
placement with Ms. Yiran Gu, in which the Company sold 500,000 shares of its common stock at a price per share of $2.00 for gross proceeds
of $1,000,000.

Summary of Significant Accounti

Summary of Significant Accounting Policies3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies3. Summary of Significant Accounting Policies Principles of Consolidation - Use of Estimates – 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. Principles of Consolidation - Cash Equivalents - Accounts Receivable - Incremental Direct Costs Property and Equipment - Lease Obligations - On September 23, 2020, the
Company entered into a new office lease agreement for its corporate headquarters. The office lease is for 4,902 square feet of office
space and the lease term is for 84 months, commencing on October 1, 2020. Additionally, the office lease required a security deposit of
$66,340 and the lease agreement provided for a rent abatement of twelve months beginning in October 2020. Capitalized Technology Costs - Business Combinations - Goodwill and Intangible Assets - Goodwill is tested for impairment at the reporting
unit level on an annual basis (December 31 for the Company) and between annual tests if an event occurs or circumstances change that would
more likely than not reduce the fair value of a reporting unit below its carrying value. The Company considers its market capitalization
and the carrying value of its assets and liabilities, including goodwill, when performing its goodwill impairment test. When conducting its annual goodwill impairment assessment,
the Company initially performs a qualitative evaluation of whether it is more likely than not that goodwill is impaired. If it is determined
by a qualitative evaluation that it is more likely than not that goodwill is impaired, the Company then compares the fair value of the
Company’s reporting unit to its carrying or book value. If the fair value of the reporting unit exceeds its carrying value, goodwill
is not impaired and the Company is not required to perform further testing. If the carrying value of a reporting unit exceeds its fair
value, the Company will measure any goodwill impairment losses as the amount by which the carrying amount of a reporting unit exceeds
its fair value, not to exceed the total amount of goodwill allocated to that reporting unit. Treasury Stock Discontinued Operations China Operations The Company previously disclosed in its Form 10-K
for the year ending December 31, 2019 (the “2019 10-K”) and subsequently that the assets of PDN China were frozen by Chinese
local authorities in November 2019 in connection with the criminal investigation of alleged illegal public fund raising by Gatewang Group
(the “Gatewang Case”), a separate company organized under the laws of the People’s Republic of China (“Gatewang”),
with which Mr. Maoji (Michael) Wang, the former Chairman and CEO of the Company was affiliated. A subsequent investigation led by a special
committee of the Board concluded that it did not find any evidence that the Company or PDN China has engaged in the criminal activity
of illegal fund-raising as alleged against Gatewang. The Company subsequently discontinued all of its operations in China. The Company also previously disclosed in the 2019
Form 10-K that although the seizure of PDN ‎China’s assets had been lifted in March 2020, PDN China’s bank account (the
“PDN China Account”) with a balance of RMB 20,080,467 (approximately $3.1 million) continued to be frozen by the Chinese local
authorities pending the outcome of the Gatewang Case. The Company had classified this entire cash balance as a long-term asset (the “Frozen
Cash Asset”) of discontinued operations in its financial statements. On April 22, 2021, the Company learned that RMB 18,841,064.15
(approximately $2.9 million) had been seized from the PDN China Account by Longxu District Court of Wuzhou City in Guangxi Province to
satisfy a judgment in favor of the plaintiffs in the Gatewang Case. On April 26, 2021, the Company concluded that the seizure of such
cash assets is a material reduction of Company assets and filed a Form 8-K to report that reduction. The cash value at time of seizure
is approximately $2.9 million. The Company has reflected the seizure of these cash funds in its Consolidated Balance Sheets as of March
31, 2021. The seizure of these cash funds reduces the Company’s
shareholders’ equity by an equal amount, which results in its stockholders’ equity being less than the $2.5 million required
by The Nasdaq Stock Market LLC (“Nasdaq”) under its Listing Rule 5550(b)(1) for continued listing of the Company’s common
shares on the Nasdaq Capital Market. The Company plans to explore alternatives for increasing its stockholders’ equity in order
to meet NASDAQ’s listing requirements, including the possibility of issuing additional equity. The Company has asserted its claim to these funds
as the genuine owner to the Chinese officials and asked for their return. The Company plans to pursue all possible legal alternatives
to have these funds returned to the Company but such return is uncertain at this time. All historical operating results for the Company’s
China operations are included in a loss from discontinued operations, net of tax, in the accompanying statement of operations. For the
three months ended March 31, 2021, loss from discontinued operations was approximately $15,000 compared to a loss from discontinued operations
of approximately $70,000 for the three months ended March 31, 2020. Assets and liabilities of China operations are now
included in current assets and long-term assets from discontinued operations, and current liabilities and long-term liabilities from discontinued
operations. Current assets from discontinued operations were approximately $7,000, as of March 31, 2021 and December 31, 2020, respectively,
and long-term assets from discontinued operations were approximately $198,000 at March 31, 2021, compared to approximately $3,085,000
as of December 31, 2020. As of March 31, 2021, current liabilities from discontinued operations were approximately $387,000, compared
to approximately $375,000 as of December 31, 2020. Operating Results of Discontinued Operations The following table represents
the components of gross operating results from discontinued operations, which are included in the statements of operations and comprehensive
loss for the three months ended March 31, 2021 and 2020:
Three Months Ended March 31,
2021 2020
Revenues $ - $ -
Cost of Sales 2,315 7,356
Depreciation and amortization - -
Sales and marketing - 1,695
General and administrative 9,470 60,614
Non-operating income (expense) 3,289 -
Loss from discontinued operations before income tax (15,074 ) (69,665 )
Income tax expense (benefit) - -
Net loss from discontinued operations $ (15,074 ) $ (69,665 ) Advertising and Marketing Expenses
– Concentrations of Credit Risk - Income Taxes - ASC 740 clarifies the accounting for uncertainty in
income taxes recognized in an enterprise’s financial statements in accordance with ASC 740-20 and prescribes a recognition threshold
and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return.
For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities.
There were no unrecognized tax benefits as of March 31, 2021. The Company is currently not aware of any issues under review that could
result in significant payments, accruals or material deviation from its position. The Company may be subject to potential income tax
examinations by federal or state authorities. These potential examinations may include questioning the timing and amount of deductions,
the nexus of income among various tax jurisdictions and compliance with federal and state tax laws. Management does not expect that the
total amount of unrecognized tax benefits will materially change over the next twelve months. Tax years that remain open for assessment
for federal and state tax purposes include the years ended December 31, 2017 through 2020. The Company’s policy for recording interest
and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for
penalties or interest as of March 31, 2021. Fair Value of Financial Assets and Liabilities
- Net Loss per Share -
Three Months Ended March 31,
2021 2020
Warrants to purchase common stock 125,000 125,000
Stock options 66,126 39,126
Unvested restricted stock 206,775 -
Total dilutive securities 397,901 164,126 Recent Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, Income
Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12) which simplifies the accounting for income taxes by removing
certain exceptions for investments, intraperiod allocations, and interim calculations, and adds guidance to reduce the complexity of applying
Topic 740. This ASU was effective for the Company on January 1, 2021. The adoption of ASU 2019-12 did not have a material impact to the
Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference
Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reportin

Revenue Recognition

Revenue Recognition3 Months Ended
Mar. 31, 2021
Revenues:
Revenue Recognition4. Revenue Recognition The Company recognizes revenue under the core principle
of the Financial Accounting Standards Board’s Accounting Standards Codification Topic 606 (“ASC 606”) – Revenues
From Contracts with Customers, to depict the transfer of control to its customers in an amount reflecting the consideration to which it
expects to be entitled. In order to achieve that core principle, the Company has applied the following five-step approach: (1) identify
the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate
the transaction price to the performance obligations in the contract, and (5) recognize revenue when a performance obligation is satisfied. The Company’s principal sources of revenue are
recruitment revenue, consumer marketing and consumer advertising revenue, membership subscription fees, and product sales. Recruitment
revenue includes revenue recognized from direct sales to customers for recruitment services and events, as well as revenue from its direct
ecommerce sales. Revenues from recruitment services are recognized when the services are performed, evidence of an arrangement exists,
the fee is fixed or determinable and collectability is probable. The Company’s recruitment revenue is derived from agreements through
single and multiple job postings, recruitment media, talent recruitment communities, basic and premier corporate memberships, hiring campaign
marketing and advertising, e-newsletter marketing and research and outreach services. Consumer marketing and consumer advertising revenue
is recognized either based upon a fixed fee for revenue sharing agreements in which payment is required at the time of posting, or billed
based upon the number of impressions (the number of times an advertisement is displayed) recorded on the websites as specified in the
customer agreement. Revenue generated from NAPW Network membership subscriptions
is recognized ratably over the 12-month membership period, although members pay their annual fees at the commencement of the membership
period. Starting January 2, 2018, we began offering a monthly membership for which we collect fees on a monthly basis and we recognize
revenue in the same month as the fees are collected. Revenue from related membership services are derived from fees for development and
set-up of a member’s personal on-line profile and/or press release announcements. Fees related to these services are recognized
as revenue at the time the on-line profile is complete and press release is distributed. The Company may have contracts where there is an extended
timing difference between payment and the time when control of the goods or services is transferred to the customer. The Company has adopted
the practical expedient and does not adjust for the promised amount of consideration for the effects of a significant financing component
if it expects, at contract inception, that the period between when the entity transfers a promised good or service to a customer and when
the customer pays for that good or service will be one year or less. Nature of Goods and Services The following is a description
of principal activities from which the Company generates its revenue: Membership Fees and Related Services Membership fees of longer than one month are collected
up-front and member benefits become available immediately; however those benefits must remain available over the 12-month membership period.
At the time of enrollment, membership fees are recorded as deferred revenue and are recognized as revenue ratably over the 12-month membership
period. Members who are enrolled in this plan may cancel their membership in the program at any time and receive a partial refund (amount
remaining in deferred revenue) or due to consumer protection legislation, a full refund based on the policies of the member’s credit
card company. The Company also offers monthly memberships for which
it collects fees on a monthly basis and recognizes revenue in the same month as the fees are collected. Revenue from related membership services are derived
from fees for development and set-up of a member’s personal on-line profile and/or press release announcements. Fees related to
these services are recognized as revenue at the time the on-line profile is complete and press release is distributed. Recruitment Services The Company’s recruitment services revenue is
derived from the Company’s agreements through single and multiple job postings, recruitment media, talent recruitment communities,
basic and premier corporate memberships, hiring campaign marketing and advertising, e-newsletter marketing and research and outreach services.
Direct sales to customers are most typically a twelve-month contract for services and as such the revenue for each contract is recognized
ratably over its twelve-month term. Event revenue is recognized in the period that the event takes place and e-commerce sales are for
sixty to ninety day job postings and the revenue from those sales are recognized when the service is provided. The Company’s recruitment
services mainly consist of the following products:
● On-line job postings to our diversity sites and to our broader network of websites including the National Association for the Advancement of Colored People, National Urban League, Kappa Alpha Psi, Phi Beta Sigma and many other partner organizations;
● OFCCP job promotion and recordation services;
● Diversity job fairs, both in person and virtual fairs;
● Diversity recruitment job advertising services;
● Cost per application, a service that employers can purchase whereby PDN sources qualified candidates and charges only for those applicants who meet the employers’ minimum qualifications; and
● Diversity executive staffing services. Product Sales and Other Revenue Products offered to members relate to custom made
plaques. Product sales are recognized as deferred revenue at the time the initial order is placed. Revenue is then recognized at the time
these products are shipped. The Company’s shipping and handling costs are included in cost of sales in the accompanying consolidated
statements of operations. Consumer Advertising and Marketing Solutions The Company provides career opportunity services to
its various partner organizations through advertising and job postings on their websites. The Company works with its partners to develop
customized websites and job boards where the partners can generate advertising, job postings and career services to their members, students
and alumni. Consumer advertising and marketing solutions revenue is recognized as jobs are posted to their hosted sites. Disaggregation of revenue Revenue is disaggregated by product line and timing
of transfer of products and services and is in line with our reportable segments as described in Note 12 - Segment Reporting. Contract Balances The Company’s rights
to consideration for work completed, but not billed at the reporting date, is classified as a receivable, as it has an unconditional right
to payment or only conditional for the passage of time. The Company has no recorded contract assets as of March 31, 2021. Consideration received in
advance from customers is recorded as a contract liability, if a contract exists under ASC 606, until services are delivered or obligations
are met and revenue is earned. Contract liability represents the excess of amounts invoiced over amounts recognized as revenues. Contract
liabilities to be recognized in the succeeding twelve-month period are classified as current contract liabilities and the remaining amounts,
if any, are classified as non-current contract liabilities. Contract liabilities of approximately $2,115,000 are included in current deferred
revenues, on the Consolidated Balance Sheets as of March 31, 2021. For the period ended March 31, 2021, we recognized revenue associated
with contract liabilities of approximately $756,000 that were included in the contract liabilities balance at the beginning of the period. Transaction price allocated
to the remaining performance obligations The Company applies the optional
exemptions and does not disclose: a) information about remaining performance obligations that have an original expected duration of one
year or less or b) transaction price allocated to unsatisfied performance obligations for which variable consideration is allocated entirely
to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service that forms part
of a single performance obligation in accordance with the series guidance. The typical duration of all
event related and other contracts is one year or less and, as a result, the Company applies the optional exemptions and does not disclose
information about remaining performance obligations that have an original expected duration of one year or less. The Company has also elected
to not disclose transaction price allocated to unsatisfied performance obligations for which variable consideration is allocated entirely
to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service for event related
promises for those contracts that contain percentage of the sales. The fees are variable for this type of contract, and the uncertainty
related to the final fee, is resolved within the current year.

Capitalized Technology

Capitalized Technology3 Months Ended
Mar. 31, 2021
Research and Development [Abstract]
Capitalized Technology5. Capitalized Technology Capitalized Technology, net is as follows:
March 31, 2021 December 31, 2020
Capitalized cost:
Balance, beginning of period $ 2,169,245 $ 2,169,245
Additional capitalized cost 3,470 -
Balance, end of period 2,172,715 2,169,245
Accumulated amortization:
Balance, beginning of period $ 2,143,378 $ 2,130,037
Provision for amortization 9,755 13,341
Balance, end of period 2,153,132 2,143,378
Capitalized Technology, net 19,582 25,867 For the three months ended March 31, 2021 and 2020,
amortization expense was approximately $10,000 and $13,000, respectively, and is recorded in depreciation and amortization expense in
the accompanying statements of operations.

Intangible Assets

Intangible Assets3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets6. Intangible Assets Intangible assets, net was as follows:
Useful Lives
Gross Carrying Accumulated Net Carrying
March 31, 2021 (Years) Amount Amortization Amount
Long-lived intangible assets:
Sales Process 10 $ 2,130,956 $ (1,864,230 ) $ 266,726
Paid Member Relationships 5 803,472 (803,472 ) -
Member Lists 5 8,086,181 (8,086,181 ) -
Developed Technology 3 648,000 (648,000 ) -
Trade Name/Trademarks 4 440,000 (440,000 ) -
12,108,609 (11,765,676 ) 266,726
Indefinite-lived intangible assets:
Trade name 90,400
Intangible assets, net $ 357,126
Useful Lives
Gross Carrying Accumulated Net Carrying
December 31, 2020 (Years) Amount Amortization Amount
Long-lived intangible assets:
Sales Process 10 $ 2,130,956 $ (1,845,178 ) $ 285,778
Paid Member Relationships 5 803,472 (803,472 ) -
Member Lists 5 8,086,181 (8,086,181 ) -
Developed Technology 3 648,000 (648,000 ) -
Trade Name/Trademarks 4 440,000 (440,000 ) -
12,108,609 (11,822,831 ) 285,778
Indefinite-lived intangible assets:
Trade name 90,400
Intangible assets, net $ 376,178 As of March 31, 2021, estimated amortization expense
in future fiscal years is summarized as follows:
Year ended December 31,
Remaining of 2021 $ 57,156
2022 76,207
2023 76,207
2024 57,156
$ 266,726 For the three months ended March 31, 2021 and 2020,
amortization expense was approximately $19,000, respectively, and is recorded in depreciation and amortization expense in the accompanying
statements of operations.

Commitments and Contingencies

Commitments and Contingencies3 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies7. Commitments and Contingencies Lease Obligations - As of March 31, 2021, right of use assets and current
lease obligations were approximately $473,000 and $62,000, respectively. Other - Legal Proceedings In a letter dated October 12, 2017, White Winston
Select Asset Funds (“White Winston”) threatened to assert claims against the Company in excess of $2 million based on White
Winston’s contention that the Company’s conduct delayed White Winston’s ability to sell shares in the Company during
a period when the Company’s stock price was generally falling. On October 28, 2020, the Company and White Winston reached a settlement
agreement, in which the Company made a cash payment of $250,000 on October 29, 2020 and a second cash payment of $350,000 was paid on
February 16, 2021. In addition, the Company issued 150,000 shares of the Company’s common stock in January 2021 and recorded a non-cash
stock issuance of $166,500. The total amount of the settlement was $766,500. NAPW is a defendant in a Nassau County (NY) Supreme
Court case, whereby TL Franklin Avenue Plaza LLC has sued NAPW Case index No. LT-000421/2018, with respect to NAPW’s former Garden
City NY Premises. NAPW had surrendered the Premises to the Landlord, and the Landlord has obtained a judgment against NAPW in the amount
of $746,142.41. As a result of the judgement order, the Company recorded a $780,000 litigation settlement reserve in the second quarter
of 2020, which reflected the judgement order in addition to imputed interest costs and legal fees. NAPW is currently negotiating a settlement
with the Landlord. The Company and its wholly-owned subsidiary, NAPW,
Inc., are parties to a proceeding captioned Deborah Bayne, et al. vs. NAPW, Inc. and Professional Diversity Network, Inc., No. 18-cv-3591
(E.D.N.Y.), filed on June 20, 2018 and alleging violations of the Fair Labor Standards Act and certain provisions of the New York Labor
Law. The Company disputes that it or its subsidiary violated the applicable laws or that either entity has any liability and intends to
vigorously defend against these claims. The matter is in the final stages of discovery and we have completed depositions of relevant witnesses.
During the first quarter of 2020, the Company recorded a $450,000 litigation settlement reserve in the event of an unfavorable outcome
in this proceeding. In November 2020, both parties entered into mediation proceedings but a settlement was not reached. This matter is
scheduled to go to trial in 2021. General Legal Matters From time to time, the Company is involved in legal
matters arising in the ordinary course of business. While the Company believes that such matters are currently not material, there can
be no assurance that matters arising in the ordinary course of business for which the Company is, or could be, involved in litigation,
will not have a material adverse effect on its business, financial condition or results of operations.

CFL Transaction

CFL Transaction3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]
CFL Transaction8. CFL Transaction On August 12, 2016, the Company entered into a stock
purchase agreement (the “Purchase Agreement”), with CFL, a Republic of Seychelles company wholly-owned by a group of Chinese
investors. Pursuant to the Purchase Agreement, the Company agreed to issue and sell to CFL, and CFL agreed to purchase, upon the terms
and subject to the conditions set forth in the Purchase Agreement, a number of shares of the Company’s common stock, par value $0.01
per share (the “Common Stock”), such that CFL will hold shares of Common Stock equal to approximately 51% of the outstanding
shares of Common Stock, determined on a fully-diluted basis, after giving effect to the consummation of the transactions contemplated
by the Purchase Agreement. At the closing of the CFL Transaction, the Company
entered into a Stockholders’ Agreement, dated November 7, 2016 (the “Stockholders’ Agreement”) with CFL and each
of its shareholders: Maoji (Michael) Wang, Jingbo Song, Yong Xiong Zheng and Nan Kou (the “CFL Shareholders”). The Stockholders’
Agreement sets forth the agreement of the Company, CFL and the CFL Shareholders relating to board representation rights, transfer restrictions,
standstill provisions, voting, registration rights and other matters following the closing of the Share Issuance and Sale. As of March 31, 2021, CFL beneficially holds shares
of Common Stock equal to approximately 25.5% of the outstanding shares of Common Stock of the Company.

Stockholders' Equity

Stockholders' Equity3 Months Ended
Mar. 31, 2021
Equity [Abstract]
Stockholders' Equity9. Stockholders’ Equity Preferred Stock Common Stock In January 2021, the Company issued 150,000 shares
of the Company’s common stock to White Winston as a result of a settlement agreement and recorded a non-cash stock issuance of $166,500.
(see note 7. Commitments and Contingencies). On February 1, 2021, the Company entered into a private
placement with Ms. Yiran Gu, in which the Company sold 500,000 shares of its common stock at a price per share of $2.00 for gross proceeds
of $1,000,000.

Stock-Based Compensation

Stock-Based Compensation3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation10. Stock-Based Compensation Equity Incentive Plans Stock Options The fair value of options is estimated on the date
of grant using the Black-Scholes option pricing model. The valuation determined by the Black-Scholes pricing model is affected by the
Company’s stock price as well as assumptions regarding a number of highly complex and subjective variables. These variables include,
but are not limited to, expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise
behaviors. The risk free rate is based on the U.S. Treasury rate for the expected life at the time of grant, volatility is based on the
average long-term implied volatilities of peer companies, the expected life is based on the estimated average of the life of options using
the simplified method, and forfeitures are estimated on the date of grant based on certain historical data. The Company utilizes the simplified
method to determine the expected life of its options due to insufficient exercise activity during recent years as a basis from which to
estimate future exercise patterns. The expected dividend assumption is based on the Company’s history and expectation of dividend
payouts. Forfeitures are required to be estimated at the time
of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The following table summarizes the Company’s
stock option activity for the three months ended March 31, 2021 and 2020:
Weighted
Average
Weighted Remaining
Average Contractual Aggregate
Number of Exercise Life Intrinsic
Options Price (in Years) Value
Outstanding - January 1, 2021 66,126 $ 5.24 8.3 $ -
Granted - - -
Exercised - - -
Forfeited - - -
Outstanding - March 31, 2021 66,126 $ 5.24 8.1 $ -
Exercisable at March 31, 2021 26,126 $ 8.18 6.8 $ -
Weighted
Average
Weighted Remaining
Average Contractual Aggregate
Number of Exercise Life Intrinsic
Options Price (in Years) Value
Outstanding - January 1, 2020 295,793 $ 8.88 $ 7.5 $ -
Granted - - -
Exercised - - -
Forfeited (256,667 ) 9.28 -
Outstanding - March 31, 2020 39,126 $ 6.27 8.1 $ -
Exercisable at March 31, 2020 29,126 $ 7.65 7.8 $ - Total unrecognized pre-tax stock-based compensation
expense related to unvested stock options at March 31, 2021 was approximately $0. Warrants As of March 31, 2021 and December 31, 2020, 125,000
warrants were outstanding and exercisable with an exercise price of $20.00 per share. The aggregate intrinsic value was $0 and the warrants
are scheduled to expire on December 30, 2021. Restricted Stock As of March 31, 2021 and 2020, the following is a
summary of restricted stock activity:
Number of
Shares
Outstanding - January 1, 2021 206,775
Granted -
Forfeited -
Vested -
Outstanding - March 31, 2021 206,775
Number of
Shares
Outstanding - January 1, 2020 27,319
Granted -
Forfeited -
Vested (27,319 )
Outstanding - March 31, 2020 - Additionally, the Company had no non-cash pre-tax
stock-based compensation expense recorded for the three months ended March 31, 2021 and March 31, 2020, respectively, as a component of
general and administrative expenses in the accompanying statements of operations, pertaining to restricted stock. Total unrecognized pre-tax stock-based compensation
expense related to unvested restricted stock at March 31, 2021 was $0.

Income Taxes

Income Taxes3 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes11. Income Taxes The Company’s quarterly income tax provision
is based upon an estimated annual income tax rate. The Company’s quarterly provision for income taxes also includes the tax impact
of discrete items, if any, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, in the
interim period in which they occur. During the three months ended March 31, 2021 and 2020,
the Company recorded a benefit for income tax of approximately $67,000 and $5,900, respectively. The increase in income tax benefit during
the current period was primarily due to an increases in discrete tax items associated with litigation settlement reserves and stock-based
compensation expense. In assessing the realizability of deferred tax assets,
management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized.
The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in
which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities,
projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management
has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application
of a valuation allowance as of March 31, 2021. The valuation allowance at March 31, 2021 was approximately $8,847,000. The net change
in the valuation allowance during the three months ended March 31, 2021 was an increase of approximately $210,000.

Segment Information

Segment Information3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]
Segment Information12. Segment Information The Company operates in the following segments: (i)
PDN Network, (ii) NAPW Network and (iii) Corporate Overhead. The financial results of China Operations have been reclassified from the
Company’s reportable segments to discontinued operations for all periods presented. The following tables present key financial information
related of the Company’s reportable segments related to financial position as of March 31, 2021 and December 31, 2020 and results
of operations for the three months ended March 31, 2021 and 2020:
Three Months Ended March 31, 2021
PDN NAPW Corporate
Network Network Overhead Consolidated
Membership fees and related services $ - $ 263,205 $ - $ 263,205
Recruitment services 1,175,080 - - 1,175,080
Products sales and other - 1,431 - 1,431
Consumer advertising and marketing solutions 45,137 - - 45,137
Total revenues 1,220,217 264,636 - 1,484,853
Income (loss) from continuing operations 312,823 (246,419 ) (889,880 ) (823,476 )
Depreciation and amortization 1,178 28,429 - 29,607
Income tax benefit (46,357 ) (20,620 ) - (66,977 )
Net loss from continuing operations 360,065 (225,799 ) (889,880 ) (755,614 )
As of March 31, 2021
Goodwill $ 339,451 $ - $ - $ 339,451
Intangibles assets, net 90,400 266,726 - 357,126
Assets from continuing operations 4,643,168 1,189,511 - 5,832,679
Three Months Ended March 31, 2020
PDN NAPW Corporate
Network Network Overhead Consolidated
Membership fees and related services $ - $ 383,831 $ - $ 383,831
Recruitment services 566,687 - - 566,687
Products sales and other - 1,431 - 1,431
Consumer advertising and marketing solutions 30,348 - - 30,348
Total revenues 597,035 385,262 - 982,297
Loss from continuing operations (150,024 ) (68,110 ) (1,210,870 ) (1,429,004 )
Depreciation and amortization 14,675 37,326 - 52,001
Income tax benefit (951 ) (407 ) (4,551 ) (5,909 )
Net loss from continuing operations (148,409 ) (67,703 ) (1,206,319 ) (1,422,431 )
As of December 31, 2020
Goodwill $ 339,451 $ - $ - $ 339,451
Intangibles assets, net 90,400 285,778 - 376,178
Assets from continuing operations 4,455,262 1,126,005 - 5,581,267

Subsequent Events

Subsequent Events3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events13. Subsequent Events On or about March 24, 2021, IPDN entered into a stock
purchase agreement to purchase a significant equity stake in RemoteMore (USA) Inc. (“RemoteMore”). According to an arrangement
between the parties, IPDN made a deposit of $60,000 to RemoteMore to facilitate the closing of the transaction. RemoteMore may use the
deposit towards closing costs. If the transaction is closed as planned, this deposit will be treated as a part of the purchase price.
If the transaction for whatever reasons is not closed, RemoteMore shall refund this deposit to IPDN.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Principles of ConsolidationPrinciples of Consolidation -
Use of EstimatesUse of Estimates – 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.
Principles of ConsolidationPrinciples of Consolidation -
Cash EquivalentsCash Equivalents -
Accounts ReceivableAccounts Receivable -
Incremental Direct CostsIncremental Direct Costs
Property and EquipmentProperty and Equipment -
Lease ObligationsLease Obligations - On September 23, 2020, the
Company entered into a new office lease agreement for its corporate headquarters. The office lease is for 4,902 square feet of office
space and the lease term is for 84 months, commencing on October 1, 2020. Additionally, the office lease required a security deposit
of $66,340 and the lease agreement provided for a rent abatement of twelve months beginning in October 2020.
Capitalized Technology CostsCapitalized Technology Costs -
Business CombinationsBusiness Combinations -
Goodwill and Intangible AssetsGoodwill and Intangible Assets - Goodwill is tested for impairment at the reporting
unit level on an annual basis (December 31 for the Company) and between annual tests if an event occurs or circumstances change that would
more likely than not reduce the fair value of a reporting unit below its carrying value. The Company considers its market capitalization
and the carrying value of its assets and liabilities, including goodwill, when performing its goodwill impairment test. When conducting its annual goodwill impairment assessment,
the Company initially performs a qualitative evaluation of whether it is more likely than not that goodwill is impaired. If it is determined
by a qualitative evaluation that it is more likely than not that goodwill is impaired, the Company then compares the fair value of the
Company’s reporting unit to its carrying or book value. If the fair value of the reporting unit exceeds its carrying value, goodwill
is not impaired and the Company is not required to perform further testing. If the carrying value of a reporting unit exceeds its fair
value, the Company will measure any goodwill impairment losses as the amount by which the carrying amount of a reporting unit exceeds
its fair value, not to exceed the total amount of goodwill allocated to that reporting unit.
Treasury StockTreasury Stock
Discontinued OperationsDiscontinued Operations China Operations The Company previously disclosed in its Form 10-K
for the year ending December 31, 2019 (the “2019 10-K”) and subsequently that the assets of PDN China were frozen by Chinese
local authorities in November 2019 in connection with the criminal investigation of alleged illegal public fund raising by Gatewang Group
(the “Gatewang Case”), a separate company organized under the laws of the People’s Republic of China (“Gatewang”),
with which Mr. Maoji (Michael) Wang, the former Chairman and CEO of the Company was affiliated. A subsequent investigation led by a special
committee of the Board concluded that it did not find any evidence that the Company or PDN China has engaged in the criminal activity
of illegal fund-raising as alleged against Gatewang. The Company subsequently discontinued all of its operations in China. The Company also previously disclosed in the 2019
Form 10-K that although the seizure of PDN ‎China’s assets had been lifted in March 2020, PDN China’s bank account (the
“PDN China Account”) with a balance of RMB 20,080,467 (approximately $3.1 million) continued to be frozen by the Chinese local
authorities pending the outcome of the Gatewang Case. The Company had classified this entire cash balance as a long-term asset (the “Frozen
Cash Asset”) of discontinued operations in its financial statements. On April 22, 2021, the Company learned that RMB 18,841,064.15
(approximately $2.9 million) had been seized from the PDN China Account by Longxu District Court of Wuzhou City in Guangxi Province to
satisfy a judgment in favor of the plaintiffs in the Gatewang Case. On April 26, 2021, the Company concluded that the seizure of such
cash assets is a material reduction of Company assets and filed a Form 8-K to report that reduction. The cash value at time of seizure
is approximately $2.9 million. The Company has reflected the seizure of these cash funds in its Consolidated Balance Sheets as of March
31, 2021. The seizure of these cash funds reduces the Company’s
shareholders’ equity by an equal amount, which results in its stockholders’ equity being less than the $2.5 million required
by The Nasdaq Stock Market LLC (“Nasdaq”) under its Listing Rule 5550(b)(1) for continued listing of the Company’s common
shares on the Nasdaq Capital Market. The Company plans to explore alternatives for increasing its stockholders’ equity in order
to meet NASDAQ’s listing requirements, including the possibility of issuing additional equity. The Company has asserted its claim to these funds
as the genuine owner to the Chinese officials and asked for their return. The Company plans to pursue all possible legal alternatives
to have these funds returned to the Company but such return is uncertain at this time. All historical operating results for the Company’s
China operations are included in a loss from discontinued operations, net of tax, in the accompanying statement of operations. For the
three months ended March 31, 2021, loss from discontinued operations was approximately $15,000 compared to a loss from discontinued operations
of approximately $70,000 for the three months ended March 31, 2020. Assets and liabilities of China operations are now
included in current assets and long-term assets from discontinued operations, and current liabilities and long-term liabilities from discontinued
operations. Current assets from discontinued operations were approximately $7,000, as of March 31, 2021 and December 31, 2020, respectively,
and long-term assets from discontinued operations were approximately $198,000 at March 31, 2021, compared to approximately $3,085,000
as of December 31, 2020. As of March 31, 2021, current liabilities from discontinued operations were approximately $387,000, compared
to approximately $375,000 as of December 31, 2020. Operating Results of Discontinued Operations The following table represents
the components of gross operating results from discontinued operations, which are included in the statements of operations and comprehensive
loss for the three months ended March 31, 2021 and 2020:
Three Months Ended March 31,
2021 2020
Revenues $ - $ -
Cost of Sales 2,315 7,356
Depreciation and amortization - -
Sales and marketing - 1,695
General and administrative 9,470 60,614
Non-operating income (expense) 3,289 -
Loss from discontinued operations before income tax (15,074 ) (69,665 )
Income tax expense (benefit) - -
Net loss from discontinued operations $ (15,074 ) $ (69,665 )
Advertising and Marketing ExpensesAdvertising and Marketing Expenses
Concentrations of Credit RiskConcentrations of Credit Risk -
Income TaxesIncome Taxes - ASC 740 clarifies the accounting for uncertainty in
income taxes recognized in an enterprise’s financial statements in accordance with ASC 740-20 and prescribes a recognition threshold
and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return.
For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities.
There were no unrecognized tax benefits as of March 31, 2021. The Company is currently not aware of any issues under review that could
result in significant payments, accruals or material deviation from its position. The Company may be subject to potential income tax
examinations by federal or state authorities. These potential examinations may include questioning the timing and amount of deductions,
the nexus of income among various tax jurisdictions and compliance with federal and state tax laws. Management does not expect that the
total amount of unrecognized tax benefits will materially change over the next twelve months. Tax years that remain open for assessment
for federal and state tax purposes include the years ended December 31, 2017 through 2020. The Company’s policy for recording interest
and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for
penalties or interest as of March 31, 2021.
Fair Value of Financial Assets and LiabilitiesFair Value of Financial Assets and Liabilities
-
Net Loss Per ShareNet Loss per Share -
Three Months Ended March 31,
2021 2020
Warrants to purchase common stock 125,000 125,000
Stock options 66,126 39,126
Unvested restricted stock 206,775 -
Total dilutive securities 397,901 164,126
Recent Accounting PronouncementsRecent Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, Income
Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12) which simplifies the accounting for income taxes by removing
certain exceptions for investments, intraperiod allocations, and interim calculations, and adds guidance to reduce the complexity of applying
Topic 740. This ASU was effective for the Company on January 1, 2021. The adoption of ASU 2019-12 did not have a material impact to the
Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference
Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reportin

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Schedule of Operating Results of Discontinued OperationsThe following table represents
the components of gross operating results from discontinued operations, which are included in the statements of operations and comprehensive
loss for the three months ended March 31, 2021 and 2020:
Three Months Ended March 31,
2021 2020
Revenues $ - $ -
Cost of Sales 2,315 7,356
Depreciation and amortization - -
Sales and marketing - 1,695
General and administrative 9,470 60,614
Non-operating income (expense) 3,289 -
Loss from discontinued operations before income tax (15,074 ) (69,665 )
Income tax expense (benefit) - -
Net loss from discontinued operations $ (15,074 ) $ (69,665 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per ShareThe computation of basic net loss per share for the
three months ended March 31, 2021 and 2020 excludes the potentially dilutive securities summarized in the table below because their inclusion
would be anti-dilutive.
Three Months Ended March 31,
2021 2020
Warrants to purchase common stock 125,000 125,000
Stock options 66,126 39,126
Unvested restricted stock 206,775 -
Total dilutive securities 397,901 164,126

Capitalized Technology (Tables)

Capitalized Technology (Tables)3 Months Ended
Mar. 31, 2021
Research and Development [Abstract]
Schedule of Capitalized TechnologyCapitalized Technology, net is as follows:
March 31, 2021 December 31, 2020
Capitalized cost:
Balance, beginning of period $ 2,169,245 $ 2,169,245
Additional capitalized cost 3,470 -
Balance, end of period 2,172,715 2,169,245
Accumulated amortization:
Balance, beginning of period $ 2,143,378 $ 2,130,037
Provision for amortization 9,755 13,341
Balance, end of period 2,153,132 2,143,378
Capitalized Technology, net 19,582 25,867

Intangible Assets (Tables)

Intangible Assets (Tables)3 Months Ended
Mar. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Intangible AssetsIntangible assets, net was as follows:
Useful Lives
Gross Carrying Accumulated Net Carrying
March 31, 2021 (Years) Amount Amortization Amount
Long-lived intangible assets:
Sales Process 10 $ 2,130,956 $ (1,864,230 ) $ 266,726
Paid Member Relationships 5 803,472 (803,472 ) -
Member Lists 5 8,086,181 (8,086,181 ) -
Developed Technology 3 648,000 (648,000 ) -
Trade Name/Trademarks 4 440,000 (440,000 ) -
12,108,609 (11,765,676 ) 266,726
Indefinite-lived intangible assets:
Trade name 90,400
Intangible assets, net $ 357,126
Useful Lives
Gross Carrying Accumulated Net Carrying
December 31, 2020 (Years) Amount Amortization Amount
Long-lived intangible assets:
Sales Process 10 $ 2,130,956 $ (1,845,178 ) $ 285,778
Paid Member Relationships 5 803,472 (803,472 ) -
Member Lists 5 8,086,181 (8,086,181 ) -
Developed Technology 3 648,000 (648,000 ) -
Trade Name/Trademarks 4 440,000 (440,000 ) -
12,108,609 (11,822,831 ) 285,778
Indefinite-lived intangible assets:
Trade name 90,400
Intangible assets, net $ 376,178
Schedule of Future Annual Estimated Amortization ExpenseAs of March 31, 2021, estimated amortization expense
in future fiscal years is summarized as follows:
Year ended December 31,
Remaining of 2021 $ 57,156
2022 76,207
2023 76,207
2024 57,156
$ 266,726

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Stock Option ActivityThe following table summarizes the Company’s
stock option activity for the three months ended March 31, 2021 and 2020:
Weighted
Average
Weighted Remaining
Average Contractual Aggregate
Number of Exercise Life Intrinsic
Options Price (in Years) Value
Outstanding - January 1, 2021 66,126 $ 5.24 8.3 $ -
Granted - - -
Exercised - - -
Forfeited - - -
Outstanding - March 31, 2021 66,126 $ 5.24 8.1 $ -
Exercisable at March 31, 2021 26,126 $ 8.18 6.8 $ -
Weighted
Average
Weighted Remaining
Average Contractual Aggregate
Number of Exercise Life Intrinsic
Options Price (in Years) Value
Outstanding - January 1, 2020 295,793 $ 8.88 $ 7.5 $ -
Granted - - -
Exercised - - -
Forfeited (256,667 ) 9.28 -
Outstanding - March 31, 2020 39,126 $ 6.27 8.1 $ -
Exercisable at March 31, 2020 29,126 $ 7.65 7.8 $ -
Schedule of Restricted Stock Award ActivityAs of March 31, 2021 and 2020, the following is a
summary of restricted stock activity:
Number of
Shares
Outstanding - January 1, 2021 206,775
Granted -
Forfeited -
Vested -
Outstanding - March 31, 2021 206,775
Number of
Shares
Outstanding - January 1, 2020 27,319
Granted -
Forfeited -
Vested (27,319 )
Outstanding - March 31, 2020 -

Segment Information (Tables)

Segment Information (Tables)3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]
Schedule of Segment InformationThe following tables present key financial information
related of the Company’s reportable segments related to financial position as of March 31, 2021 and December 31, 2020 and results
of operations for the three months ended March 31, 2021 and 2020:
Three Months Ended March 31, 2021
PDN NAPW Corporate
Network Network Overhead Consolidated
Membership fees and related services $ - $ 263,205 $ - $ 263,205
Recruitment services 1,175,080 - - 1,175,080
Products sales and other - 1,431 - 1,431
Consumer advertising and marketing solutions 45,137 - - 45,137
Total revenues 1,220,217 264,636 - 1,484,853
Income (loss) from continuing operations 312,823 (246,419 ) (889,880 ) (823,476 )
Depreciation and amortization 1,178 28,429 - 29,607
Income tax benefit (46,357 ) (20,620 ) - (66,977 )
Net loss from continuing operations 360,065 (225,799 ) (889,880 ) (755,614 )
As of March 31, 2021
Goodwill $ 339,451 $ - $ - $ 339,451
Intangibles assets, net 90,400 266,726 - 357,126
Assets from continuing operations 4,643,168 1,189,511 - 5,832,679
Three Months Ended March 31, 2020
PDN NAPW Corporate
Network Network Overhead Consolidated
Membership fees and related services $ - $ 383,831 $ - $ 383,831
Recruitment services 566,687 - - 566,687
Products sales and other - 1,431 - 1,431
Consumer advertising and marketing solutions 30,348 - - 30,348
Total revenues 597,035 385,262 - 982,297
Loss from continuing operations (150,024 ) (68,110 ) (1,210,870 ) (1,429,004 )
Depreciation and amortization 14,675 37,326 - 52,001
Income tax benefit (951 ) (407 ) (4,551 ) (5,909 )
Net loss from continuing operations (148,409 ) (67,703 ) (1,206,319 ) (1,422,431 )
As of December 31, 2020
Goodwill $ 339,451 $ - $ - $ 339,451
Intangibles assets, net 90,400 285,778 - 376,178
Assets from continuing operations 4,455,262 1,126,005 - 5,581,267

Going Concern and Management'_2

Going Concern and Management's Plans (Details Narrative) - USD ($)Feb. 01, 2021Feb. 28, 2021Mar. 31, 2021Mar. 31, 2020Dec. 31, 2020
Accumulated deficit $ (93,793,524) $ (93,022,835)
Loss from continuing operations(755,615) $ (1,422,431)
Net cash used in operating activities- continuing operations769,098 573,878
Cash balance2,342,343 2,117,569
Revenue1,484,852 $ 982,297
Working capital deficiency $ (684,000) $ (1,156,000)
Ms. Yiran Gu [Member]
Sale of common stock, shares500,000 500,000
Sale of common stock, price per share $ 2
Proceeds from sale of common stock $ 1,000,000 $ 1,000,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative)Apr. 22, 2021USD ($)Mar. 31, 2021USD ($)Mar. 31, 2020USD ($)Dec. 31, 2020USD ($)Sep. 23, 2020USD ($)ft²Dec. 31, 2019USD ($)
Allowance for doubtful accounts receivable $ 191,000 $ 157,000
Incremental direct costs34,000 $ 29,000
Depreciation expense10,000 26,000
Area of land | ft²4,902
Lease term84 months
Security deposit66,340 66,340 $ 66,340
Cash2,900,000
Stockholder's Equity964,228 $ 2,618,392 $ 3,345,832 $ 2,551,935
Minimum [Member]
Stockholder's Equity2,500,000
RMB [Member]
Sale of common stock, value $ 18,841,064 20,080,467
PDN China Account [Member]
Sale of common stock, value $ 2,900,000 $ 3,100,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Operating Results of Discontinued Operations (Details) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Accounting Policies [Abstract]
Revenues
Cost of Sales2,315 7,356
Depreciation and amortization
Sales and marketing 1,695
General and administrative9,470 60,614
Non-operating (expense) income3,289
Loss from discontinued operations before income tax(15,074)(69,665)
Income tax expense
Net loss from discontinued operations $ (15,074) $ (69,665)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Total dilutive securities397,901 164,126
Warrants to Purchase Common Stock [Member]
Total dilutive securities125,000 125,000
Stock Options [Member]
Total dilutive securities66,126 39,126
Unvested Restricted Stock [Member]
Total dilutive securities206,775

Revenue Recognition (Details Na

Revenue Recognition (Details Narrative) - USD ($)3 Months Ended
Mar. 31, 2021Dec. 31, 2020
Revenues:
Deferred revenues $ 2,114,991 $ 1,901,129
Recognized revenue $ 756,000

Capitalized Technology (Details

Capitalized Technology (Details Narrative) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Research and Development [Abstract]
Amortization expense $ 10,000 $ 13,000

Capitalized Technology - Schedu

Capitalized Technology - Schedule of Capitalized Technology (Details) - USD ($)3 Months Ended12 Months Ended
Mar. 31, 2021Dec. 31, 2020
Research and Development [Abstract]
Capitalized cost: Balance, beginning of period $ 2,169,245 $ 2,169,245
Capitalized cost: Additional capitalized cost3,470
Capitalized cost: Balance, end of period2,172,715 2,169,245
Accumulated amortization: Balance, beginning of period2,143,378 2,130,037
Accumulated amortization: Provision for amortization9,755 13,341
Accumulated amortization: Balance, end of period2,153,132 2,143,378
Capitalized Technology, net $ 19,582 $ 25,867

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Amortization expense $ 19,000 $ 19,000

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)3 Months Ended12 Months Ended
Mar. 31, 2021Dec. 31, 2020Mar. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount $ 12,108,609 $ 12,108,609
Accumulated Amortization(11,765,676)(11,822,831)
Net Carrying Amount266,726 266,726
Indefinite-lived intangible assets: Trade name90,400 90,400
Intangible assets, net $ 357,126 $ 376,178 $ 376,178
Sales Process [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)10 years10 years
Gross Carrying Amount $ 2,130,956 $ 2,130,956
Accumulated Amortization(1,864,230)(1,845,178)
Net Carrying Amount $ 266,726 $ 285,778
Paid Member Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)5 years5 years
Gross Carrying Amount $ 803,472 $ 803,472
Accumulated Amortization(803,472)(803,472)
Net Carrying Amount
Member Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)5 years5 years
Gross Carrying Amount $ 8,086,181 $ 8,086,181
Accumulated Amortization(8,086,181)(8,086,181)
Net Carrying Amount
Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)3 years3 years
Gross Carrying Amount $ 648,000 $ 648,000
Accumulated Amortization(648,000)(648,000)
Net Carrying Amount
Trade Name/Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)4 years4 years
Gross Carrying Amount $ 440,000 $ 440,000
Accumulated Amortization(440,000)(440,000)
Net Carrying Amount

Intangible Assets - Schedule _2

Intangible Assets - Schedule of Future Annual Estimated Amortization Expense (Details) - USD ($)Mar. 31, 2021Dec. 31, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Remaining of 2021 $ 57,156
202276,207
202376,207
202457,156
Net Carrying Amount $ 266,726 $ 266,726

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)Oct. 29, 2020Oct. 28, 2020Oct. 12, 2017Jan. 31, 2021Mar. 31, 2021Mar. 31, 2020Dec. 31, 2020Jun. 30, 2020
Right-of-use assets $ 472,526 $ 487,677
Lease liability, current portion61,887 $ 46,526
Non-cash stock issuance166,500
Litigation settlement accrual $ 450,000 $ 780,000
PDN China's Bank [Member]
Bank balance $ 195,000
White Winston [Member]
Loss contingency damages sought value $ 2,000,000
Number of shares purchased during period150,000
Non-cash stock issuance $ 166,500
Settlement amount $ 766,500
Payment for legal settlement $ 746,142
White Winston [Member] | Settlement Agreement [Member]
Cash payments $ 350,000 $ 250,000
Number of shares purchased during period150,000
Non-cash stock issuance $ 166,500

CFL Transaction (Details Narrat

CFL Transaction (Details Narrative) - $ / shares3 Months Ended
Mar. 31, 2021Dec. 31, 2020Aug. 12, 2016
Subsequent Event [Line Items]
Common stock, par value per share $ 0.01 $ 0.01
Common Stock [Member]
Subsequent Event [Line Items]
Common stock percentage25.50%
Stock Purchase Agreement [Member]
Subsequent Event [Line Items]
Common stock, par value per share $ 0.01
Percentage of common stock held by investors51.00%

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)Feb. 01, 2021Feb. 28, 2021Jan. 31, 2021Mar. 31, 2021Mar. 31, 2020Dec. 31, 2020
Preferred stock, shares undesignated1,000,000
Common stock, shares authorized45,000,000 45,000,000
Common stock, shares outstanding13,465,022 12,819,843
Non-cash stock issuance $ 166,500
Ms. Yiran Gu [Member]
Sale of common stock, shares500,000 500,000
Sale of common stock, price per share $ 2
Proceeds from sale of common stock $ 1,000,000 $ 1,000,000
White Winston [Member]
Number of shares purchased during period150,000
Non-cash stock issuance $ 166,500
White Winston [Member] | Settlement Agreement [Member]
Number of shares purchased during period150,000
Non-cash stock issuance $ 166,500

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020Dec. 31, 2020Nov. 08, 2018Jun. 26, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash compensation expense $ 106,428 $ 18,680
Unrecognized compensation expense0
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash compensation expense
Unrecognized compensation expense $ 0
Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants outstanding125,000 125,000
Weighted average exercise price of warrants $ 20 $ 20
Warrants intrinsic value $ 0 $ 0
Warrants expiration dateDec. 30,
2021
Dec. 30,
2021
2013 Equity Compensation Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance under equity incentive plan225,000
2013 Equity Compensation Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance under equity incentive plan615,000
Amended 2013 Equity Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance under equity incentive plan915,000 300,000

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Option Activity (Details) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Number of Options, Outstanding, Beginning balance66,126 295,793
Number of Options, Granted
Number of Options, Exercised
Number of Options, Forfeited (256,667)
Number of Options, Outstanding, Ending balance66,126 39,126
Number of Options, Exercisable, Ending balance26,126 29,126
Weighted Average Exercise Price, Outstanding, Beginning balance $ 5.24 $ 8.88
Weighted Average Exercise Price, Granted
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Forfeited 9.28
Weighted Average Exercise Price, Outstanding, Ending balance5.246.27
Weighted Average Exercise Price, Exercisable, Ending balance $ 8.18 $ 7.65
Weighted Average Remaining Contractual Life (in Years), Outstanding, Beginning balance8 years 3 months 19 days7 years 6 months
Weighted Average Remaining Contractual Life (in Years), Outstanding, Ending balance8 years 1 month 6 days8 years 1 month 6 days
Weighted Average Remaining Contractual Life (in Years), Exercisable, Ending balance6 years 9 months 18 days7 years 9 months 18 days
Aggregrate Intrinsic Value, Outstanding balance
Aggregrate Intrinsic Value, Outstanding balance
Aggregrate Intrinsic Value, Exercisable balance

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Restricted Stock Award Activity (Details) - Restricted Stock Units (RSUs) [Member] - shares3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares Unvested, Outstanding, Beginning balance206,775 27,319
Number of Shares Unvested, Granted
Number of Shares Unvested, Forfeited
Number of Shares Unvested, Vested (27,319)
Number of Shares Unvested, Outstanding, Ending balance206,775

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income tax benefit $ (66,977) $ (5,909)
Valuation allowance8,847,000
Change in valuation allowance $ 210,000

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020Dec. 31, 2020
Segment Reporting Information [Line Items]
Total revenues $ 1,484,852 $ 982,297
Income (loss) from continuing operations(823,477)(1,429,004)
Depreciation and amortization29,606 52,001
Income tax expense(66,977)(5,909)
Net loss from continuing operations(755,615)(1,422,431)
Goodwill339,451 339,451 $ 339,451
Intangible assets, net357,126 376,178 $ 376,178
Assets from continuing operations5,832,679 5,581,267
Membership Fees and Related Services [Member]
Segment Reporting Information [Line Items]
Total revenues263,205 383,831
Recruitment Services [Member]
Segment Reporting Information [Line Items]
Total revenues1,175,080 566,687
Products Sales and Other [Member]
Segment Reporting Information [Line Items]
Total revenues1,431 1,431
Consumer Advertising and Marketing Solutions [Member]
Segment Reporting Information [Line Items]
Total revenues45,136 30,348
PDN Network [Member]
Segment Reporting Information [Line Items]
Total revenues1,220,217 597,035
Income (loss) from continuing operations312,823 (150,024)
Depreciation and amortization1,178 14,675
Income tax expense(46,357)(951)
Net loss from continuing operations360,065 (148,409)
Goodwill339,451 339,451
Intangible assets, net90,400 90,400
Assets from continuing operations4,643,168 4,455,262
PDN Network [Member] | Membership Fees and Related Services [Member]
Segment Reporting Information [Line Items]
Total revenues
PDN Network [Member] | Recruitment Services [Member]
Segment Reporting Information [Line Items]
Total revenues1,175,080 566,687
PDN Network [Member] | Product Sales and Other [Member]
Segment Reporting Information [Line Items]
Total revenues
PDN Network [Member] | Consumer Advertising and Marketing Solutions [Member]
Segment Reporting Information [Line Items]
Total revenues45,137 30,348
NAPW Network [Member]
Segment Reporting Information [Line Items]
Total revenues264,636 385,262
Income (loss) from continuing operations312,823 (68,110)
Depreciation and amortization28,429 37,326
Income tax expense(20,620)(407)
Net loss from continuing operations(225,799)(67,703)
Goodwill
Intangible assets, net266,726 285,778
Assets from continuing operations1,189,511 1,126,005
NAPW Network [Member] | Membership Fees and Related Services [Member]
Segment Reporting Information [Line Items]
Total revenues263,205 383,831
NAPW Network [Member] | Recruitment Services [Member]
Segment Reporting Information [Line Items]
Total revenues
NAPW Network [Member] | Product Sales and Other [Member]
Segment Reporting Information [Line Items]
Total revenues1,431 1,431
NAPW Network [Member] | Consumer Advertising and Marketing Solutions [Member]
Segment Reporting Information [Line Items]
Total revenues
Corporate Overhead [Member]
Segment Reporting Information [Line Items]
Total revenues
Income (loss) from continuing operations(889,880)(1,210,870)
Depreciation and amortization
Income tax expense (4,551)
Net loss from continuing operations(889,880)(1,206,319)
Goodwill
Intangible assets, net
Assets from continuing operations
Corporate Overhead [Member] | Membership Fees and Related Services [Member]
Segment Reporting Information [Line Items]
Total revenues
Corporate Overhead [Member] | Recruitment Services [Member]
Segment Reporting Information [Line Items]
Total revenues
Corporate Overhead [Member] | Product Sales and Other [Member]
Segment Reporting Information [Line Items]
Total revenues
Corporate Overhead [Member] | Consumer Advertising and Marketing Solutions [Member]
Segment Reporting Information [Line Items]
Total revenues

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)Mar. 24, 2021USD ($)
RemoteMore USA, Inc [Member] | Stock Purchase Agreement [Member]
Deposits $ 60,000