Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Mar. 29, 2024 | Jun. 30, 2023 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0001546296 | ||
Entity Registrant Name | Professional Diversity Network, Inc. | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2023 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2023 | ||
Document Transition Report | false | ||
Entity File Number | 001-35824 | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 80-0900177 | ||
Entity Address, Address Line One | 55 E. Monroe Street, Suite 2120 | ||
Entity Address, City or Town | Chicago | ||
Entity Address, State or Province | IL | ||
Entity Address, Postal Zip Code | 60603 | ||
City Area Code | 312 | ||
Local Phone Number | 614-0950 | ||
Title of 12(b) Security | Common Stock, $0.01 par value per share | ||
Security Exchange Name | NASDAQ | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | false | ||
Entity Shell Company | false | ||
Document Financial Statement Error Correction [Flag] | false | ||
Entity Public Float | $ 34,698,000 | ||
Entity Common Stock, Shares Outstanding | 11,452,008 | ||
No Trading Symbol Flag | true | ||
Auditor Name | Sassetti, LLC | ||
Auditor Firm ID | 29 | ||
Auditor Location | Oak Brook, Illinois |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Current Assets: | ||
Cash and cash equivalents | $ 627,641 | $ 1,236,771 |
Accounts receivable, net | 1,134,067 | 1,318,217 |
Other receivables | 50,000 | 350,000 |
Prepaid expense and other current assets | 556,698 | 347,807 |
Current assets from discontinued operations | 0 | 4,600 |
Total current assets | 2,368,406 | 3,257,395 |
Property and equipment, net | 42,043 | 35,341 |
Capitalized technology, net | 186,103 | 64,499 |
Goodwill | 1,417,753 | 1,274,785 |
Intangible assets, net | 225,848 | 225,221 |
Right-of-use assets | 298,485 | 365,324 |
Security deposits | 66,340 | 66,340 |
Long-term restricted cash | 184,055 | 0 |
Other assets | 1,537,499 | 1,350,000 |
Long-term assets from discontinued operations | 0 | 197,228 |
Total assets | 6,326,532 | 6,836,133 |
Current Liabilities: | ||
Accounts payable | 524,854 | 338,600 |
Accrued expenses | 867,884 | 1,071,842 |
Deferred revenue | 1,999,841 | 1,925,788 |
Lease liability, current portion | 82,652 | 103,555 |
Current liabilities from discontinued operations | 0 | 503,090 |
Total current liabilities | 3,475,231 | 3,942,875 |
Lease liability, non-current portion | 283,060 | 341,165 |
Other long-term liabilities | 0 | 100,000 |
Deferred tax liability | 0 | 143,069 |
Total liabilities | 3,758,291 | 4,527,109 |
Commitments and contingencies | ||
Stockholders’ Equity | ||
Common stock, $0.01 par value; 45,000,000 shares authorized, 11,452,532 shares and 10,898,376 shares issued as of December 31, 2023 and 2022, and 11,452,008 and 10,367,431 shares outstanding as of December 31, 2023 and 2022 | 114,520 | 103,675 |
Additional paid in capital | 102,873,474 | 101,728,600 |
Accumulated other comprehensive income | 0 | (10,986) |
Accumulated deficit | (99,902,718) | (98,382,540) |
Treasury stock, at cost; 524 and 530,945 shares at December 31, 2023 and 2022 | (37,117) | (892,482) |
Total Professional Diversity Network, Inc. stockholders’ equity | 3,048,159 | 2,546,267 |
Non-controlling interest | (479,918) | (237,243) |
Total stockholders’ equity | 2,568,241 | 2,309,024 |
Total liabilities and stockholders’ equity | $ 6,326,532 | $ 6,836,133 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Dec. 31, 2023 | Dec. 31, 2022 |
Common Stock, Par Value (in dollars per share) | $ 0.01 | $ 0.01 |
Common Stock, Shares Authorized (in shares) | 45,000,000 | 45,000,000 |
Common Stock, Shares, Issued (in shares) | 11,452,532 | 10,898,376 |
Common Stock, Shares, Outstanding (in shares) | 11,452,008 | 10,367,431 |
Treasury Stock, Common, Shares (in shares) | 524 | 530,945 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Revenues: | ||
Revenue | $ 7,699,037 | $ 8,314,088 |
Costs and expenses: | ||
Cost of revenues | 3,460,957 | 4,260,012 |
Sales and marketing | 3,700,997 | 2,805,542 |
General and administrative | 4,451,630 | 3,574,314 |
Depreciation and amortization | 624,004 | 776,095 |
Total costs and expenses | 12,237,588 | 11,415,963 |
Loss from continuing operations | (4,538,551) | (3,101,875) |
Other income (expense) | ||
Interest and other income (expense), net | 12,934 | (3,652) |
Other income (expense), net | 12,934 | (3,652) |
Loss before income tax benefit | (4,525,617) | (3,105,527) |
Income tax benefit | 139,380 | 13,188 |
Loss from continuing operations, net of tax | (4,386,237) | (3,092,339) |
Loss from discontinued operations | (28,428) | (65,055) |
Net loss including non-controlling interests | (4,414,665) | (3,157,394) |
Net loss attributable to non-controlling interests | 103,366 | 554,672 |
Net loss attributable to Professional Diversity Network, Inc. | (4,311,299) | (2,602,722) |
Other comprehensive loss, net of tax: | ||
Net loss attributable to Professional Diversity Network, Inc. | (4,311,299) | (2,602,722) |
Foreign currency translation adjustment | (5,695) | (17,551) |
Comprehensive loss | $ (4,316,994) | $ (2,620,273) |
Basic and diluted loss per share: | ||
Continuing operations (in dollars per share) | $ (0.43) | $ (0.38) |
Discontinued operations (in dollars per share) | 0 | (0.01) |
Net loss per share (in dollars per share) | $ (0.43) | $ (0.39) |
Weighted-average outstanding shares used in computing net loss per common share: | ||
Basic and diluted (in shares) | 10,621,522 | 8,195,282 |
Membership Fees and Related Services [Member] | ||
Revenues: | ||
Revenue | $ 530,745 | $ 639,271 |
Recruitment Services [Member] | ||
Revenues: | ||
Revenue | 4,639,642 | 4,861,761 |
Contracted Software Development [Member] | ||
Revenues: | ||
Revenue | 2,437,352 | 2,645,619 |
Consumer Advertising and Marketing Solutions [Member] | ||
Revenues: | ||
Revenue | $ 91,298 | $ 167,437 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) | Common Stock Outstanding [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Treasury Stock, Common [Member] | AOCI Attributable to Parent [Member] | Noncontrolling Interest [Member] | Total |
Balance (in shares) at Dec. 31, 2021 | 8,033,627 | 524 | |||||
Balance at Dec. 31, 2021 | $ 80,337 | $ 98,520,509 | $ (95,779,818) | $ (37,117) | $ 6,565 | $ 317,429 | $ 3,107,905 |
Sale of common stock (in shares) | 1,162,791 | 0 | |||||
Sale of common stock | $ 11,628 | 988,372 | 0 | $ 0 | 0 | 0 | 1,000,000 |
Issuance of common stock (in shares) | 1,003,252 | 0 | |||||
Issuance of common stock | $ 10,032 | 1,739,968 | 0 | $ 0 | 0 | 0 | 1,750,000 |
Share-based compensation (in shares) | 167,761 | 0 | |||||
Share-based compensation | $ 1,678 | 479,751 | 0 | $ 0 | 0 | 0 | 481,429 |
Stock Buyback Plan (in shares) | 0 | 530,421 | |||||
Stock Buyback Plan | $ 0 | 0 | 0 | $ (855,365) | 0 | 0 | (855,365) |
Translation adjustments | 0 | 0 | 0 | 0 | (17,551) | 0 | (17,551) |
Net loss | $ 0 | 0 | (2,602,722) | $ 0 | 0 | (554,672) | (3,157,394) |
Stock Buyback Plan (in shares) | 0 | (530,421) | |||||
Stock Buyback Plan | $ 0 | 0 | 0 | $ (855,365) | 0 | 0 | (855,365) |
Stock Buyback Plan | $ 0 | 0 | 0 | $ 855,365 | 0 | 0 | 855,365 |
Balance (in shares) at Dec. 31, 2022 | 10,367,431 | 530,945 | |||||
Balance at Dec. 31, 2022 | $ 103,675 | 101,728,600 | (98,382,540) | $ (892,482) | (10,986) | (237,243) | 2,309,024 |
Sale of common stock (in shares) | 1,199,139 | 0 | |||||
Sale of common stock | $ 11,991 | 3,352,309 | 0 | $ 0 | 0 | 0 | 3,364,300 |
Issuance of common stock (in shares) | 99,339 | 0 | |||||
Issuance of common stock | $ 993 | 199,007 | 0 | $ 0 | 0 | 0 | 200,000 |
Share-based compensation (in shares) | 140,320 | 0 | |||||
Share-based compensation | $ 1,403 | 298,436 | 0 | $ 0 | 0 | 0 | 299,839 |
Stock Buyback Plan (in shares) | 530,421 | 530,421 | |||||
Stock Buyback Plan | $ (5,304) | (850,061) | 0 | $ 855,365 | 0 | 0 | 0 |
Translation adjustments | 0 | 0 | 0 | (5,695) | (5,695) | ||
Net loss | $ 0 | 0 | (4,311,299) | $ 0 | 0 | (103,366) | (4,414,665) |
Commitment fee (in shares) | 176,200 | 0 | |||||
Commitment fee | $ 1,762 | 748,238 | 0 | 0 | 750,000 | ||
Stock Buyback Plan (in shares) | (530,421) | (530,421) | |||||
Stock Buyback Plan | $ (5,304) | (850,061) | 0 | $ 855,365 | 0 | 0 | 0 |
Stock Buyback Plan | 5,304 | 850,061 | 0 | (855,365) | 0 | 0 | 0 |
Extinguishment of discontinued operations liabilities | 0 | (2,303,231) | 2,791,121 | 0 | 16,681 | 0 | 504,571 |
Amortization of commitment fee | 0 | (187,500) | 0 | 0 | 0 | 0 | (187,500) |
Investment in subsidiary | $ 0 | (112,324) | 0 | $ 0 | 0 | (139,309) | (251,633) |
Balance (in shares) at Dec. 31, 2023 | 11,452,008 | 524 | |||||
Balance at Dec. 31, 2023 | $ 114,520 | $ 102,873,474 | $ (99,902,718) | $ (37,117) | $ 0 | $ (479,918) | $ 2,568,241 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Cash flows from operating activities: | ||
Loss from continuing operations | $ (4,386,237) | $ (3,092,339) |
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities - continuing operations: | ||
Depreciation and amortization | 624,004 | 776,095 |
Deferred income taxes | (143,069) | (19,291) |
Noncash lease expense | 91,386 | 91,387 |
Stock-based compensation expense | 299,839 | 481,429 |
Litigation settlement reserve | 0 | (908,564) |
Allowance for credit losses | (15,761) | (144,675) |
Amortization of commitment funding | (187,500) | 0 |
Extinguishment of discontinued operations liabilities | 156,739 | 0 |
Reduction of merchant reserve | 0 | 380,849 |
Changes in operating assets and liabilities, net of effects of discontinued operations: | ||
Accounts receivable | 199,910 | 215,570 |
Prepaid expenses and other current assets | 466,109 | 102,978 |
Accounts payable | 186,253 | 90,005 |
Accrued expenses | (203,955) | 101,991 |
Lease liability | (103,555) | (101,102) |
Deferred revenue | 6,352 | (224,097) |
Net cash used in operating activities - continuing operations | (3,009,485) | (2,249,764) |
Net cash used in operating activities - discontinued operations | (17,443) | (1,534) |
Net cash used in operating activities | (3,026,928) | (2,251,298) |
Cash flows from investing activities: | ||
Costs incurred to develop technology | (181,111) | (45,195) |
Purchases of property and equipment | (30,426) | (15,602) |
Additional Investment in nonontrolling subsidiary | (334,965) | 0 |
Net cash used in investing activities - continuing operations | (946,502) | (60,797) |
Net cash provided by investing activities - discontinued operations | 0 | 0 |
Net cash used in investing activities | (946,502) | (60,797) |
Cash flows from financing activities: | ||
Proceeds from the sale of common stock | 3,364,300 | 1,000,000 |
Repurchases of common stock | 0 | (855,365) |
Net cash provided by financing activities - continuing operations | 3,364,300 | 144,635 |
Net cash provided by financing activities - discontinued operations | 0 | 0 |
Net cash provided by financing activities | 3,364,300 | 144,635 |
Effect of exchange rate fluctuations on cash and cash equivalents | 0 | 1,534 |
Net (decrease) increase in cash and cash equivalents | (609,130) | (2,165,926) |
Cash, cash equivalents, beginning of period | 1,236,771 | 3,402,697 |
Cash and cash equivalents, end of period | 627,641 | 1,236,771 |
Supplemental disclosures of other cash flow information: | ||
Cash paid for income taxes | 0 | 0 |
Cash paid for interest | 0 | 0 |
Commitment Funding [Member] | ||
Supplemental disclosures of other cash flow information: | ||
Stock Issued | 750,000 | 0 |
Acquisition Stock Issuance [Member] | ||
Supplemental disclosures of other cash flow information: | ||
Stock Issued | 200,000 | 0 |
Expo Experts [Member] | ||
Cash flows from investing activities: | ||
Acquisition of Expo Experts | $ (400,000) | $ 0 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended | 12 Months Ended |
Dec. 31, 2023 | Dec. 31, 2023 | |
Insider Trading Arr Line Items | ||
Material Terms of Trading Arrangement [Text Block] | 9B (a) None (b) During the three December 31, 2023 no 16 10b5 1 10b5 1 408 | |
Rule 10b5-1 Arrangement Adopted [Flag] | false | |
Non-Rule 10b5-1 Arrangement Adopted [Flag] | false | |
Rule 10b5-1 Arrangement Terminated [Flag] | false | |
Non-Rule 10b5-1 Arrangement Terminated [Flag] | false |
Note 1 - Description of Busines
Note 1 - Description of Business | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | 1. 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, persons with disabilities, 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 a 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. RemoteMore USA is an innovative, global entity that provides remote-hiring marketplace services for developers and companies. Companies are connected with reliable, cost-efficient, vetted developers, and empower every developer to find a meaningful job regardless of their location. |
Note 2 - Going Concern and Mana
Note 2 - Going Concern and Management's Plans | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | 2. s Plans At December 31, 2023 twelve December 31, 2023 The Company had an accumulated deficit of $99,902,718 on December 31, 2023 December 31, 2023 twelve December 31, 2023 December 31, 2023 December 31, 2023 December 31, 2022 December 31, 2023, 2022 not Management believes that its available cash on hand and cash flow from operations may December 31, 2024 no not may not may not |
Note 3 - Summary of Significant
Note 3 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 3. Basis of Presentation - Use of Estimates one Significant estimates underlying the consolidated financial statements include the fair value of acquired assets and liabilities associated with acquisitions; assessment of goodwill impairment, other intangible assets and long-lived assets for impairment; allowances for credit losses 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 - 50% Cash Equivalents - three Accounts Receivable and Allowance for Credit Losses - 30 90 not The Company adopted ASU 2016 13, first 2023. The Company considers both current conditions and reasonable and supportable forecasts of future conditions when evaluating expected credit losses for uncollectible receivable balances. In our determination of the allowance for credit losses, we pool receivables by days outstanding and apply an expected credit loss percentage to each pool. The expected credit loss percentage is determined using historical loss data adjusted for current conditions and forecasts of future economic conditions. Current conditions considered include predefined aging criteria, as well as specified events that indicate the balance due is not The Company is not Allowance for Credit Losses The following table summarizes the activity related to the Company’s allowance for credit losses: December 31, 2023 December 31, 2022 Balance, beginning of period $ 102,515 $ 247,190 Provision for credit losses (15,761 ) (144,675 ) Write-offs (20,228 ) - Balance, end of period $ 66,526 $ 102,515 The numbers presented above relate solely to our portfolio of trade accounts receivable as no Other Receivables not may may December 31, 2023 2023, Property and Equipment - three five December 31, 2023, 2022 December 31, 2023 2022 Lease Obligations - September 2027. may not not not 12 not not Capitalized Technology Costs - 350 40, not three Business Combinations - 805, 805” 805 may one may 4 Goodwill and Intangible Assets - 350, 350” 350 4 7 Goodwill is tested for impairment at the reporting unit level on an annual basis ( December 31) not When conducting its annual goodwill impairment assessment, the Company initially performs a qualitative evaluation of whether it is more likely than not not not not not Long-Term Restricted Cash Contingent Liabilities not not Treasury Stock Revenue Recognition 1 2 3 4 5 Deferred revenue includes customer payments, which are received prior to performing services and revenues are recognized as benefits are provided to the customer. Annual membership fees collected at the time of enrollment are recognized as revenue ratably over the membership period, which are typically for a 12 Discontinued Operations China Operations In March 2020, 10 December 31, 2019 ( “2019 10 November 2019 not In December 2023, no December 31, 2023. no no 2020 not no December 31, 2023, 2024, As a result of the write-off of accounts related to the discontinued operations, the Company reflected a a change in its net stockholders' equity balance of approximately $505,000. All historical operating results for the Company’s China operations are included in loss from discontinued operations, net of tax, in the accompanying consolidated statement of operations and comprehensive loss. For the year ended December 31, 2023 December 31, 2022 Operating Results of Discontinued Operations The following table represents the components of operating results from discontinued operations, net of intercompany eliminations, as presented in the consolidated statements of operations and comprehensive loss for the years ended December 31, 2023, 2022 Year Ended December 31, 2023 2022 Revenues $ - $ - General and administrative 28,428 64,944 Non-operating (expense) income - 111 Loss from discontinued operations before income tax (28,428 ) (65,055 ) Income tax expense - - Net loss from discontinued operations $ (28,428 ) $ (65,055 ) Advertising and Marketing Expenses first first December 31, 2023, 2022 Concentrations of Credit Risk - may not not Income Taxes - 740, not not not ASC 740 740 20 not December 31, 2023 not The Company may may not twelve December 31, 2019 2022. The Company’s policy for recording interest and penalties associated with audits is to record such expenses as a component of income tax expense. There were no amounts accrued for penalties or interest as of December 31, 2023 Fair Value of Financial Assets and Liabilities - Net Loss per Share - December 31, 2023, 2022 As of December 31, 2023 2022 Stock options 28,063 23,063 Unvested restricted stock 70,488 69,114 Total dilutive securities 98,551 92,177 Reclassifications - Recent Accounting Pronouncements In June 2016, 2016 13, 326 January 2023, first 2023 |
Note 4 - Business Combinations
Note 4 - Business Combinations | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 4. RemoteMore USA, Inc. On September 20, 2021, one In February 2022, September 2021 January 2023, In May 2023, September 2021. Expo Experts, LLC In January 2023, twenty 20 may The purchase price allocation as of the date of the acquisition was based on a detailed analysis of the fair value of assets acquired. No Goodwill $ 126,301 Intangible assets 541,400 Deferred revenues (67,701 ) $ 600,000 The goodwill recognized in connection with the acquisition is primarily attributable to anticipated synergies from future revenue growth through cross selling of PDN and Expo Experts products, and is expected to be deductible for tax purposes. Intangible assets purchased in connection with the acquisition primarily represent specific events acquired which are expected to create revenue throughout fiscal 2023 7 Expo Experts’ accounts and operations have been reflected in the PDN Network for segment reporting purposes (see Note 15 ). |
Note 5 - Revenue Recognition
Note 5 - Revenue Recognition | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 5. The Company recognizes revenue under the core principle of ASC 606 606” five 1 2 3 4 5 The Company’s contracts with customers may not Many of the Company’s contracts have one Payment is typically due in full, at net 30, may Nature of Goods and Services The following is a description of principal activities from which the Company generates its revenue: 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. Recruitment revenue includes revenue recognized from direct sales to customers for recruitment services and events, as well as revenue from the Company’s direct e-commerce sales. Direct sales to customers are most typically a twelve twelve sixty ninety ● 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; and ● Diversity executive staffing services. Membership Fees and Related Services Membership fees of longer than one 12 12 may Monthly membership revenues are recognized in the same month fees are collected. Revenue from related membership services is 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. 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. Contracted Software Development Revenues for RemoteMore are generated from providing customized software solutions to customers and are recognized in the period work is performed. 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. Revenue Concentration The Company, in alliance with another company, partners to sell two December 31, 2023, 2022 Disaggregation of revenue Revenue is disaggregated by product line and timing of transfer of products and services (see Note 15 Contract Balances The Company’s rights to consideration for work completed, but not December 31, 2023, 2022 Consideration received in advance from customers is recorded as a contract liability, if a contract exists under ASC 606, twelve December 31, 2023 December 31, 2022 For the years ended December 31, 2023 2022, December 31, 2023 December 31, 2022 Balance, beginning of period $ 1,925,788 $ 2,149,885 Recognized revenue associated with contract liabilities (4,977,909 ) (4,776,792 Amounts collected or invoiced 5,051,962 4,552,695 Balance, end of period $ 1,999,841 $ 1,925,788 Deferred revenue includes customer payments which are received prior to performing services and revenues are recognized upon the completion of these services. Annual membership fees collected at the time of enrollment are recognized as revenue ratably over the membership period, which are typically for a 12 Transaction price allocated to the remaining performance obligations The Company applies the optional exemptions and does not one The typical duration of all event related and other contracts is one not one |
Note 6 - Capitalized Technology
Note 6 - Capitalized Technology | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Research, Development, and Computer Software Disclosure [Text Block] | 6. Capitalized Technology, net is as follows: December 31, 2023 2022 Capitalized cost: Balance, beginning of period $ 64,499 $ 43,038 Additional capitalized cost 181,111 45,196 Provision for amortization (59,507 ) (23,735 ) Balance, end of period $ 186,103 $ 64,499 Amortization expense related to capitalized technology of $59,507 and $23,735 for the years ended December 31, 2023, 2022 |
Note 7 - Intangible Assets
Note 7 - Intangible Assets | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 7. Intangible assets, net is as follows: Gross Net Useful Lives Carrying Accumulated Carrying December 31, 2023 (Years) Amount Amortization Amount Long-lived intangible assets: Sales Process 10 $ 2,130,956 $ (2,073,800 ) $ 57,156 Paid Member Relationships 5 803,472 (803,472 ) - Member Lists 5 8,186,181 (8,119,514 ) 66,667 Developed Technology 3 648,000 (648,000 ) - Trade Name/Trademarks 4 442,500 (441,875 ) 625 Contracts acquired in RemoteMore acquisition (months) 3 - 12 1,377,083 (1,377,083 ) - 13,588,192 (13,463,744 ) 124,448 Indefinite-lived intangible assets: Trade name 101,400 Intangible assets, net $ 225,848 Gross Net Useful Lives Carrying Accumulated Carrying December 31, 2022 (Years) Amount Amortization Amount Long-lived intangible assets: Sales Process 10 $ 2,130,956 $ (1,997,593 ) $ 133,363 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 4 442,500 (441,042 ) 1,458 Contracts acquired in RemoteMore acquisition (months) 3 - 12 935,683 (935,683 ) - 13,046,792 (12,911,971 ) 134,821 Indefinite-lived intangible assets: Trade name 90,400 Intangible assets, net $ 225,221 Future annual estimated amortization expense is summarized as follows: Year ended December 31, 2024 $ 91,115 2025 33,333 Net Carrying Amount $ 124,448 Amortization expense related to intangible assets of $551,774 and $743,349 for the years ended December 31, 2023, 2022 |
Note 8 - Long-term Investments
Note 8 - Long-term Investments | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Investment [Text Block] | 8. On September 27, 2022, Upon the execution of the SPA, the Company purchased 65,700 issued ordinary shares of Koala Crypto Limited (“KCL”) from Seller, representing 9 percent of the total issued share capital of KCL, and in exchange, the Company issued 863,392 shares of its common stock to Seller in a private placement (the “Consideration Shares”). The Consideration Shares were valued at $1,350,000 in the aggregate based on the volume weighted average price of the common stock of the Company for the 20 Upon execution of the SPA, the Company, the Seller and KCL also entered into a Shareholders’ Agreement. The Shareholders’ Agreement imposes certain transfer restrictions on the Seller and the Company as shareholders of KCL, provides for certain governance and approval rights among the parties, and gives the Company a put option with respect to its investment in KCL in the event of a change of control of the Seller. At the same time, Alan Tak Wai Yau, an individual and the majority shareholder of Koala Capital Limited, which is the parent company of the Seller (“Koala Capital”), provided the Company with a share charge over 15 |
Note 9 - Accrued Liabilities
Note 9 - Accrued Liabilities | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | 9. As of December 31, 2023, 2022 Ended December 31, 2023 2022 Litigation reserve $ 450,000 $ 450,000 Contractor expenses 170,733 247,909 Illinois franchise tax 100,800 100,800 Accrued payroll 88,153 83,514 Accrued legal fees - 15,000 Accrued Board of Director fees 19,500 50,112 Accrued revenue sharing agreements 18,658 83,832 Other 20,040 40,675 Total accrued liabilities $ 867,884 $ 1,071,842 |
Note 10 - Commitments and Conti
Note 10 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 10. Lease Obligations The Company leases 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. December 31, 2023, 2022 December 31, 2023, 2022 December 31, 2023, 2022 6.0% As of December 31, 2023, rdg_022_FutLseOblig1CY Operating 2024 $ 106,006 2025 108,457 2026 110,908 2027 84,560 Total lease payments 409,931 Less: present value discount 44,219 Present value of lease liabilities $ 365,712 As of December 31, 2023, 2022 Other - December 31, 2023 3 Legal Proceedings On June 7, 2022, No. 000421/2018; one June 7, 2022, 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 3591 June 20, 2018, June 20, 2012 October 15, 2021 164 60 The complaint alleges that NAPW (and PDN in its capacity as an alleged joint employer) violated similar provisions of the FLSA and the NYLL by (i) failing to pay overtime wages as required by both the FLSA and the NYLL, (ii) failing to provide accurate wage statements under the NYLL, and (iii) willfully violating both of those statutes. The Court, in an order issued on March 25, 2024, first 2020, 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 no not |
Note 11 - CFL Transaction
Note 11 - CFL Transaction | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Equity [Text Block] | 12. Equity As previously disclosed in a Report on Form 8 November 28, 2022, 1 1 January 3, 2023, 1. 243 Preferred Stock Common Stock one December 31, 2023 In February 2022, September 2021 one 4 In September 2022, 8 In December 2022, In January 2023, 4 In March 2023, In June 2023, not five June 30, 2023, In December 2023, In December 2023, Total shares issued during fiscal year 2023 Total Cash Common Stock Additional Received from Shares Amount Paid -in Capital Stock Issuances ($) Co-founders of Expo Experts 99,339 $ 993 $ 199,007 $ - Tumim Stone Capital LLC 919,488 9,194 3,205,106 2,464,300 Ms. Yiran Gu 333,181 3,332 696,668 700,000 Cosmic Forward Limited 122,670 1,227 198,773 200,000 Vesting of grants to Board of Directors* 54,140 541 (541 ) - Grants to management/employees* 86,180 862 (862 ) - Total 1,614,998 $ 16,149 $ 4,298,151 $ 3,364,300 * see Note 13 Restricted Stock Stock Buyback Plan may may 10b5 1 1934, No December 20, 2022, 10b5 1. December 20, 2022, |
CFL Transactions [Member] | |
Notes to Financial Statements | |
Equity [Text Block] | 11. On August 12, 2016, At the closing of the CFL Transaction, the Company entered into a Stockholders’ Agreement, dated November 7, 2016 ( On September 22, 2021, October 30, 2021, In December 2023, As of December 31, 2023 |
Note 12 - Stockholders' Equity
Note 12 - Stockholders' Equity | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Equity [Text Block] | 12. Equity As previously disclosed in a Report on Form 8 November 28, 2022, 1 1 January 3, 2023, 1. 243 Preferred Stock Common Stock one December 31, 2023 In February 2022, September 2021 one 4 In September 2022, 8 In December 2022, In January 2023, 4 In March 2023, In June 2023, not five June 30, 2023, In December 2023, In December 2023, Total shares issued during fiscal year 2023 Total Cash Common Stock Additional Received from Shares Amount Paid -in Capital Stock Issuances ($) Co-founders of Expo Experts 99,339 $ 993 $ 199,007 $ - Tumim Stone Capital LLC 919,488 9,194 3,205,106 2,464,300 Ms. Yiran Gu 333,181 3,332 696,668 700,000 Cosmic Forward Limited 122,670 1,227 198,773 200,000 Vesting of grants to Board of Directors* 54,140 541 (541 ) - Grants to management/employees* 86,180 862 (862 ) - Total 1,614,998 $ 16,149 $ 4,298,151 $ 3,364,300 * see Note 13 Restricted Stock Stock Buyback Plan may may 10b5 1 1934, No December 20, 2022, 10b5 1. December 20, 2022, |
CFL Transactions [Member] | |
Notes to Financial Statements | |
Equity [Text Block] | 11. On August 12, 2016, At the closing of the CFL Transaction, the Company entered into a Stockholders’ Agreement, dated November 7, 2016 ( On September 22, 2021, October 30, 2021, In December 2023, As of December 31, 2023 |
Note 13 - Stock-based Compensat
Note 13 - Stock-based Compensation | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | 13. Equity Incentive Plans 2013 “2013 2013 On April 11, 2023, 2023 “2023 2023 June 15, 2023. 2023 2013 no 2013 2013 2013 2023 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 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 years ended December 31, 2023, 2022 Weighted Average Weighted Remaining Aggregate Average Contractual Intrinsic Number of Exercise Life Value Options Price (in Years) (in thousands) Outstanding - January 1, 2023 33,063 $ 9.04 6.8 $ - Granted - - Exercised - - Forfeited - - Outstanding - December 31, 2023 33,063 $ 9.04 5.7 $ - Exercisable at December 31, 2023 28,063 $ 9.91 5.5 $ - Weighted Average Weighted Remaining Aggregate Average Contractual Intrinsic Number of Exercise Life Value Options Price (in Years) (in thousands) Outstanding - January 1, 2022 33,063 $ 9.04 7.8 $ 10.80 Granted - - Exercised - - Forfeited - - Outstanding - December 31, 2022 33,063 $ 9.04 6.8 $ - Exercisable at December 31, 2022 23,063 $ 11.14 6.0 $ - There were no stock options granted in fiscal 2023 2022 The Company recorded non-cash stock-based compensation expense of approximately $10,850 and $10,850 as a component of general and administrative expenses in the accompanying consolidated statements of operations for the years ended December 31, 2023, 2022 Total unrecognized stock-based compensation expense related to unvested stock options at December 31, 2023 second 2024. Warrants As of December 31, 2023, 2022 Restricted Stock A summary of restricted stock activity for the years ended December 31, 2023, 2022 Number of Shares Outstanding - January 1, 2022 79,763 Granted 170,937 Forfeited (13,823 ) Vested (167,763 ) Outstanding - December 31, 2022 69,114 Granted 117,334 Forfeited (13,823 ) Vested (55,291 ) Outstanding - December 31, 2023 117,334 During the year ended December 31, 2023 one During the year ended December 31, 2022 one The Company recorded non-cash stock-based compensation expense of approximately $300,000 and $481,000 as a component of general and administrative expenses in the accompanying consolidated statements of operations for the years ended December 31, 2023, 2022 Total unrecognized stock-based compensation expense related to unvested restricted stock at December 31, 2023 third 2025. |
Note 14 - Income Taxes
Note 14 - Income Taxes | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 14. The Company has the following net deferred tax assets and liabilities: December 31, 2023 2022 Goodwill and intangible assets $ 83,613 $ (35,912 ) Developed technology 3,953 (5,894 ) Property and equipment (9,970 ) (8,942 ) Other deferred tax assets 264,571 231,451 Settlements 121,950 121,950 Stock based compensation 76,977 58,447 Net operating loss 10,216,313 9,474,230 Valuation allowance (10,757,407 ) (9,978,399 ) Net deferred tax liability $ - $ (143,069 ) The benefit for income taxes for the years ended December 31, 2023, 2022 Year Ended December 31, 2023 2022 Federal: Current provision $ - $ - Deferred tax benefit (110,961 ) (14,950 ) $ (110,961 ) $ (14,950 ) State: Current provision $ - $ - Deferred tax benefit (28,419 ) 1,762 $ (28,419 ) $ 1,762 Foreign: Current provision $ - $ - Deferred provision (benefit) - - $ - $ - Income tax expense benefit $ (139,380 ) $ (13,188 ) A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows: Year Ended December 31, 2023 2022 Expected federal statutory rate 21.0 % 21.0 % State income taxes, net of federal benefit 6.1 % 6.1 % Valuation allowance (17.1 )% (22.0 )% Permanent items 0.0 % (2.9 )% Other (6.9 )% (1.6 )% 3.1 % 0.6 % The valuation allowance at December 31, 2023 December 31, 2023 not not December 31, 2023 At December 31, 2023 2034 2038, may 12 2026. may 20 2035. 382. The U.S. Tax Cuts and Jobs Act of 2017 one 1986 December 31, 2017. |
Note 15 - Segment Information
Note 15 - Segment Information | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 15. The Company operates in the following segments: (i) PDN Network, (ii) NAPW Network, (iii) RemoteMore (beginning in fiscal 2021 The following tables present key financial information of the Company’s reportable segments as of and for the years ended December 31, 2023, 2022 Year Ended December 31, 2023 PDN NAPW Corporate Network Network RemoteMore Overhead Consolidated Membership fees and related services $ - $ 530,745 $ - $ - $ 530,745 Recruitment services 4,639,642 - - - 4,639,642 Contracted software development - - 2,437,352 - 2,437,352 Consumer advertising and marketing solutions 91,298 - - - 91,298 Total revenues 4,730,940 530,745 2,437,352 - 7,699,037 Income (loss) from continuing operations (1,484,970 ) (431,331 ) (281,054 ) (2,341,196 ) (4,538,551 ) Depreciation and amortization 542,831 79,786 1,387 - 624,004 Income tax expense (benefit) (48,466 ) (15,873 ) 850 (75,891 ) (139,380 ) Net income (loss) from continuing operations (1,429,033 ) (414,121 ) (277,778 ) (2,265,305 ) (4,386,237 ) As of December 31, 2023 Goodwill $ 465,752 $ - $ 952,001 $ - $ 1,417,753 Intangibles assets, net 168,067 57,156 625 - 225,848 Assets from continuing operations, net of eliminations 6,915,583 87,231 (676,282 ) - 6,326,532 Year Ended December 31, 2022 PDN NAPW Corporate Network Network RemoteMore Overhead Consolidated Membership fees and related services $ - $ 639,271 $ - $ - $ 639,271 Recruitment services 4,861,761 - - - 4,861,761 Contracted software development - - 2,645,619 - 2,645,619 Consumer advertising and marketing solutions 167,437 - - - 167,437 Total revenues 5,029,198 639,271 2,645,619 - 8,314,088 Income (loss) from continuing operations 415,217 (196,117 ) (1,008,101 ) (2,312,874 ) (3,101,875 ) Depreciation and amortization 30,614 78,223 667,258 - 776,095 Income tax expense (benefit) 9,200 24,629 126 (47,143 ) (13,188 ) Net income (loss) from continuing operations 414,491 (220,536 ) (1,020,354 ) (2,265,940 ) (3,092,339 ) As of December 31, 2022 Goodwill $ 339,451 $ - $ 935,334 $ - $ 1,274,785 Intangibles assets, net 90,400 133,363 1,458 - 225,221 Assets from continuing operations, net of eliminations 6,718,226 203,534 (287,455 ) - 6,634,305 |
Note 16 - Employee Benefit Plan
Note 16 - Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | 16. The Company’s employee benefit plans currently consist of a defined contribution plan for all U.S. employees. The Company does not U.S. regular, full-time employees are eligible to participate in the Professional Diversity Network Inc. 401 401 January 1, 2021, December 31, 2023 2022 |
Note 17 - Subsequent Events
Note 17 - Subsequent Events | 12 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 17. None. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation - |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates one Significant estimates underlying the consolidated financial statements include the fair value of acquired assets and liabilities associated with acquisitions; assessment of goodwill impairment, other intangible assets and long-lived assets for impairment; allowances for credit losses 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. |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation - 50% |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash Equivalents - three |
Accounts Receivable [Policy Text Block] | Accounts Receivable and Allowance for Credit Losses - 30 90 not The Company adopted ASU 2016 13, first 2023. The Company considers both current conditions and reasonable and supportable forecasts of future conditions when evaluating expected credit losses for uncollectible receivable balances. In our determination of the allowance for credit losses, we pool receivables by days outstanding and apply an expected credit loss percentage to each pool. The expected credit loss percentage is determined using historical loss data adjusted for current conditions and forecasts of future economic conditions. Current conditions considered include predefined aging criteria, as well as specified events that indicate the balance due is not The Company is not |
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] | Allowance for Credit Losses The following table summarizes the activity related to the Company’s allowance for credit losses: December 31, 2023 December 31, 2022 Balance, beginning of period $ 102,515 $ 247,190 Provision for credit losses (15,761 ) (144,675 ) Write-offs (20,228 ) - Balance, end of period $ 66,526 $ 102,515 The numbers presented above relate solely to our portfolio of trade accounts receivable as no |
Other Receivable [Policy Text Block] | Other Receivables not may may December 31, 2023 2023, |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment - three five December 31, 2023, 2022 December 31, 2023 2022 |
Lessee, Leases [Policy Text Block] | Lease Obligations - September 2027. may not not not 12 not not |
Internal Use Software, Policy [Policy Text Block] | Capitalized Technology Costs - 350 40, not three |
Business Combinations Policy [Policy Text Block] | Business Combinations - 805, 805” 805 may one may 4 |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Intangible Assets - 350, 350” 350 4 7 Goodwill is tested for impairment at the reporting unit level on an annual basis ( December 31) not When conducting its annual goodwill impairment assessment, the Company initially performs a qualitative evaluation of whether it is more likely than not not not not not |
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] | Long-Term Restricted Cash |
Contingent Liability [Policy Text Block] | Contingent Liabilities not not |
Stockholders' Equity, Policy [Policy Text Block] | Treasury Stock |
Revenue from Contract with Customer [Policy Text Block] | Revenue Recognition 1 2 3 4 5 Deferred revenue includes customer payments, which are received prior to performing services and revenues are recognized as benefits are provided to the customer. Annual membership fees collected at the time of enrollment are recognized as revenue ratably over the membership period, which are typically for a 12 |
Discontinued Operations, Policy [Policy Text Block] | Discontinued Operations China Operations In March 2020, 10 December 31, 2019 ( “2019 10 November 2019 not In December 2023, no December 31, 2023. no no 2020 not no December 31, 2023, 2024, As a result of the write-off of accounts related to the discontinued operations, the Company reflected a a change in its net stockholders' equity balance of approximately $505,000. All historical operating results for the Company’s China operations are included in loss from discontinued operations, net of tax, in the accompanying consolidated statement of operations and comprehensive loss. For the year ended December 31, 2023 December 31, 2022 Operating Results of Discontinued Operations The following table represents the components of operating results from discontinued operations, net of intercompany eliminations, as presented in the consolidated statements of operations and comprehensive loss for the years ended December 31, 2023, 2022 Year Ended December 31, 2023 2022 Revenues $ - $ - General and administrative 28,428 64,944 Non-operating (expense) income - 111 Loss from discontinued operations before income tax (28,428 ) (65,055 ) Income tax expense - - Net loss from discontinued operations $ (28,428 ) $ (65,055 ) |
Advertising Cost [Policy Text Block] | Advertising and Marketing Expenses first first December 31, 2023, 2022 |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of Credit Risk - may not not |
Income Tax, Policy [Policy Text Block] | Income Taxes - 740, not not not ASC 740 740 20 not December 31, 2023 not The Company may may not twelve December 31, 2019 2022. The Company’s policy for recording interest and penalties associated with audits is to record such expenses as a component of income tax expense. There were no amounts accrued for penalties or interest as of December 31, 2023 |
Fair Value Measurement, Policy [Policy Text Block] | Fair Value of Financial Assets and Liabilities - |
Earnings Per Share, Policy [Policy Text Block] | Net Loss per Share - December 31, 2023, 2022 As of December 31, 2023 2022 Stock options 28,063 23,063 Unvested restricted stock 70,488 69,114 Total dilutive securities 98,551 92,177 |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications - |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements In June 2016, 2016 13, 326 January 2023, first 2023 |
Note 3 - Summary of Significa_2
Note 3 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Accounts Receivable, Allowance for Credit Loss [Table Text Block] | December 31, 2023 December 31, 2022 Balance, beginning of period $ 102,515 $ 247,190 Provision for credit losses (15,761 ) (144,675 ) Write-offs (20,228 ) - Balance, end of period $ 66,526 $ 102,515 |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Year Ended December 31, 2023 2022 Revenues $ - $ - General and administrative 28,428 64,944 Non-operating (expense) income - 111 Loss from discontinued operations before income tax (28,428 ) (65,055 ) Income tax expense - - Net loss from discontinued operations $ (28,428 ) $ (65,055 ) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | As of December 31, 2023 2022 Stock options 28,063 23,063 Unvested restricted stock 70,488 69,114 Total dilutive securities 98,551 92,177 |
Note 4 - Business Combinations
Note 4 - Business Combinations (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Goodwill $ 126,301 Intangible assets 541,400 Deferred revenues (67,701 ) $ 600,000 |
Note 5 - Revenue Recognition (T
Note 5 - Revenue Recognition (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] | December 31, 2023 December 31, 2022 Balance, beginning of period $ 1,925,788 $ 2,149,885 Recognized revenue associated with contract liabilities (4,977,909 ) (4,776,792 Amounts collected or invoiced 5,051,962 4,552,695 Balance, end of period $ 1,999,841 $ 1,925,788 |
Note 6 - Capitalized Technolo_2
Note 6 - Capitalized Technology (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Capitalized Technology [Table Text Block] | December 31, 2023 2022 Capitalized cost: Balance, beginning of period $ 64,499 $ 43,038 Additional capitalized cost 181,111 45,196 Provision for amortization (59,507 ) (23,735 ) Balance, end of period $ 186,103 $ 64,499 |
Note 7 - Intangible Assets (Tab
Note 7 - Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | Gross Net Useful Lives Carrying Accumulated Carrying December 31, 2023 (Years) Amount Amortization Amount Long-lived intangible assets: Sales Process 10 $ 2,130,956 $ (2,073,800 ) $ 57,156 Paid Member Relationships 5 803,472 (803,472 ) - Member Lists 5 8,186,181 (8,119,514 ) 66,667 Developed Technology 3 648,000 (648,000 ) - Trade Name/Trademarks 4 442,500 (441,875 ) 625 Contracts acquired in RemoteMore acquisition (months) 3 - 12 1,377,083 (1,377,083 ) - 13,588,192 (13,463,744 ) 124,448 Indefinite-lived intangible assets: Trade name 101,400 Intangible assets, net $ 225,848 Gross Net Useful Lives Carrying Accumulated Carrying December 31, 2022 (Years) Amount Amortization Amount Long-lived intangible assets: Sales Process 10 $ 2,130,956 $ (1,997,593 ) $ 133,363 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 4 442,500 (441,042 ) 1,458 Contracts acquired in RemoteMore acquisition (months) 3 - 12 935,683 (935,683 ) - 13,046,792 (12,911,971 ) 134,821 Indefinite-lived intangible assets: Trade name 90,400 Intangible assets, net $ 225,221 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Year ended December 31, 2024 $ 91,115 2025 33,333 Net Carrying Amount $ 124,448 |
Note 9 - Accrued Liabilities (T
Note 9 - Accrued Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | Ended December 31, 2023 2022 Litigation reserve $ 450,000 $ 450,000 Contractor expenses 170,733 247,909 Illinois franchise tax 100,800 100,800 Accrued payroll 88,153 83,514 Accrued legal fees - 15,000 Accrued Board of Director fees 19,500 50,112 Accrued revenue sharing agreements 18,658 83,832 Other 20,040 40,675 Total accrued liabilities $ 867,884 $ 1,071,842 |
Note 10 - Commitments and Con_2
Note 10 - Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block] | rdg_022_FutLseOblig1CY Operating 2024 $ 106,006 2025 108,457 2026 110,908 2027 84,560 Total lease payments 409,931 Less: present value discount 44,219 Present value of lease liabilities $ 365,712 |
Note 12 - Stockholders' Equity
Note 12 - Stockholders' Equity (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | Total Cash Common Stock Additional Received from Shares Amount Paid -in Capital Stock Issuances ($) Co-founders of Expo Experts 99,339 $ 993 $ 199,007 $ - Tumim Stone Capital LLC 919,488 9,194 3,205,106 2,464,300 Ms. Yiran Gu 333,181 3,332 696,668 700,000 Cosmic Forward Limited 122,670 1,227 198,773 200,000 Vesting of grants to Board of Directors* 54,140 541 (541 ) - Grants to management/employees* 86,180 862 (862 ) - Total 1,614,998 $ 16,149 $ 4,298,151 $ 3,364,300 |
Note 13 - Stock-based Compens_2
Note 13 - Stock-based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Weighted Average Weighted Remaining Aggregate Average Contractual Intrinsic Number of Exercise Life Value Options Price (in Years) (in thousands) Outstanding - January 1, 2023 33,063 $ 9.04 6.8 $ - Granted - - Exercised - - Forfeited - - Outstanding - December 31, 2023 33,063 $ 9.04 5.7 $ - Exercisable at December 31, 2023 28,063 $ 9.91 5.5 $ - Weighted Average Weighted Remaining Aggregate Average Contractual Intrinsic Number of Exercise Life Value Options Price (in Years) (in thousands) Outstanding - January 1, 2022 33,063 $ 9.04 7.8 $ 10.80 Granted - - Exercised - - Forfeited - - Outstanding - December 31, 2022 33,063 $ 9.04 6.8 $ - Exercisable at December 31, 2022 23,063 $ 11.14 6.0 $ - |
Nonvested Restricted Stock Shares Activity [Table Text Block] | Number of Shares Outstanding - January 1, 2022 79,763 Granted 170,937 Forfeited (13,823 ) Vested (167,763 ) Outstanding - December 31, 2022 69,114 Granted 117,334 Forfeited (13,823 ) Vested (55,291 ) Outstanding - December 31, 2023 117,334 |
Note 14 - Income Taxes (Tables)
Note 14 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | December 31, 2023 2022 Goodwill and intangible assets $ 83,613 $ (35,912 ) Developed technology 3,953 (5,894 ) Property and equipment (9,970 ) (8,942 ) Other deferred tax assets 264,571 231,451 Settlements 121,950 121,950 Stock based compensation 76,977 58,447 Net operating loss 10,216,313 9,474,230 Valuation allowance (10,757,407 ) (9,978,399 ) Net deferred tax liability $ - $ (143,069 ) |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Year Ended December 31, 2023 2022 Federal: Current provision $ - $ - Deferred tax benefit (110,961 ) (14,950 ) $ (110,961 ) $ (14,950 ) State: Current provision $ - $ - Deferred tax benefit (28,419 ) 1,762 $ (28,419 ) $ 1,762 Foreign: Current provision $ - $ - Deferred provision (benefit) - - $ - $ - Income tax expense benefit $ (139,380 ) $ (13,188 ) |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Year Ended December 31, 2023 2022 Expected federal statutory rate 21.0 % 21.0 % State income taxes, net of federal benefit 6.1 % 6.1 % Valuation allowance (17.1 )% (22.0 )% Permanent items 0.0 % (2.9 )% Other (6.9 )% (1.6 )% 3.1 % 0.6 % |
Note 15 - Segment Information (
Note 15 - Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Year Ended December 31, 2023 PDN NAPW Corporate Network Network RemoteMore Overhead Consolidated Membership fees and related services $ - $ 530,745 $ - $ - $ 530,745 Recruitment services 4,639,642 - - - 4,639,642 Contracted software development - - 2,437,352 - 2,437,352 Consumer advertising and marketing solutions 91,298 - - - 91,298 Total revenues 4,730,940 530,745 2,437,352 - 7,699,037 Income (loss) from continuing operations (1,484,970 ) (431,331 ) (281,054 ) (2,341,196 ) (4,538,551 ) Depreciation and amortization 542,831 79,786 1,387 - 624,004 Income tax expense (benefit) (48,466 ) (15,873 ) 850 (75,891 ) (139,380 ) Net income (loss) from continuing operations (1,429,033 ) (414,121 ) (277,778 ) (2,265,305 ) (4,386,237 ) As of December 31, 2023 Goodwill $ 465,752 $ - $ 952,001 $ - $ 1,417,753 Intangibles assets, net 168,067 57,156 625 - 225,848 Assets from continuing operations, net of eliminations 6,915,583 87,231 (676,282 ) - 6,326,532 Year Ended December 31, 2022 PDN NAPW Corporate Network Network RemoteMore Overhead Consolidated Membership fees and related services $ - $ 639,271 $ - $ - $ 639,271 Recruitment services 4,861,761 - - - 4,861,761 Contracted software development - - 2,645,619 - 2,645,619 Consumer advertising and marketing solutions 167,437 - - - 167,437 Total revenues 5,029,198 639,271 2,645,619 - 8,314,088 Income (loss) from continuing operations 415,217 (196,117 ) (1,008,101 ) (2,312,874 ) (3,101,875 ) Depreciation and amortization 30,614 78,223 667,258 - 776,095 Income tax expense (benefit) 9,200 24,629 126 (47,143 ) (13,188 ) Net income (loss) from continuing operations 414,491 (220,536 ) (1,020,354 ) (2,265,940 ) (3,092,339 ) As of December 31, 2022 Goodwill $ 339,451 $ - $ 935,334 $ - $ 1,274,785 Intangibles assets, net 90,400 133,363 1,458 - 225,221 Assets from continuing operations, net of eliminations 6,718,226 203,534 (287,455 ) - 6,634,305 |
Note 2 - Going Concern and Ma_2
Note 2 - Going Concern and Management's Plans (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Retained Earnings (Accumulated Deficit) | $ (99,902,718) | $ (98,382,540) |
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | (4,538,551) | |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | (3,009,485) | (2,249,764) |
Cash | 627,641 | |
Revenue from Contract with Customer, Including Assessed Tax | 7,699,037 | 8,314,088 |
Working Capital From Continuing Operations | $ 1,107,000 | $ 187,000 |
Note 3 - Summary of Significa_3
Note 3 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Proceeds from Sale and Collection of Other Receivables | $ 300,000 | |
Depreciation | 12,723 | $ 9,012 |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | 27,303 | 14,580 |
Restricted Cash, Noncurrent | 184,055 | 0 |
Cash | 627,641 | |
Equity Write Off of Discontinued Operations | 505,000 | |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | (28,000) | (65,000) |
Marketing and Advertising Expense | 1,130,262 | 1,105,868 |
Unrecognized Tax Benefits | 0 | |
Income Tax Examination, Penalties and Interest Accrued | 0 | |
PDN China [Member] | ||
Restricted Cash, Noncurrent | 184,000 | |
Cash | 184,000 | |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $ 28,428 | $ 65,055 |
Minimum [Member] | ||
Property, Plant and Equipment, Useful Life (Year) | 3 years | |
Maximum [Member] | ||
Property, Plant and Equipment, Useful Life (Year) | 5 years |
Note 3 - Summary of Significa_4
Note 3 - Summary of Significant Accounting Policies - Allowance for Credit Losses (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Balance, beginning of period | $ 102,515 | $ 247,190 |
Allowance for credit losses | (15,761) | (144,675) |
Write-offs | (20,228) | 0 |
Balance, end of period | $ 66,526 | $ 102,515 |
Note 3 - Summary of Significa_5
Note 3 - Summary of Significant Accounting Policies - Summary of Discontinued Operations (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Net loss from discontinued operations | $ 28,000 | $ 65,000 |
PDN China [Member] | ||
Revenues | 0 | 0 |
General and administrative | 28,428 | 64,944 |
Non-operating (expense) income | 0 | 111 |
Loss from discontinued operations before income tax | (28,428) | (65,055) |
Income tax expense | 0 | 0 |
Net loss from discontinued operations | $ (28,428) | $ (65,055) |
Note 3 - Summary of Significa_6
Note 3 - Summary of Significant Accounting Policies - Summary of Antidilutive Securities (Details) - shares | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Antidilutive Securities (in shares) | 98,551 | 92,177 |
Share-Based Payment Arrangement, Option [Member] | ||
Antidilutive Securities (in shares) | 28,063 | 23,063 |
Restricted Stock [Member] | ||
Antidilutive Securities (in shares) | 70,488 | 69,114 |
Note 4 - Business Combination_2
Note 4 - Business Combinations (Details Textual) - USD ($) | 1 Months Ended | ||||
Sep. 20, 2021 | May 31, 2023 | Mar. 31, 2023 | Jan. 31, 2023 | Feb. 28, 2022 | |
Remote More U S A Inc [Member] | |||||
Business Acquisition, Percentage of Voting Interests Acquired | 45.62% | 7% | 20% | 45.62% | |
Business Combination, Consideration Transferred | $ 1,363,333 | $ 235,000 | $ 116,667 | ||
Payments to Acquire Businesses, Gross | 863,333 | ||||
Business Combination, Consideration Transferred, Liabilities Incurred | $ 500,000 | $ 500,000 | |||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | 139,860 | ||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 400,000 | ||||
Business Combination, Step Acquisition, Equity Interest in Acquiree, Including Subsequent Acquisition, Percentage | 72.62% | ||||
Expo Experts Events L L C [Member] | |||||
Business Combination, Consideration Transferred | $ 600,000 | ||||
Payments to Acquire Businesses, Gross | 400,000 | ||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 200,000 |
Note 4 - Business Combination_3
Note 4 - Business Combinations - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) | Dec. 31, 2023 | Jan. 31, 2023 | Dec. 31, 2022 |
Goodwill | $ 1,417,753 | $ 1,274,785 | |
Expo Experts [Member] | |||
Goodwill | $ 126,301 | ||
Intangible assets | 541,400 | ||
Deferred revenues | (67,701) | ||
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net | $ 600,000 |
Note 5 - Revenue Recognition (D
Note 5 - Revenue Recognition (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Contract with Customer, Asset, after Allowance for Credit Loss | $ 0 | $ 0 |
Contract with Customer, Liability, Current | $ 1,999,841 | $ 1,925,788 |
Product Concentration Risk [Member] | Revenue Benchmark [Member] | Recruitment Services [Member] | ||
Concentration Risk, Percentage | 8.10% | 11.40% |
Note 5 - Revenue Recognition -
Note 5 - Revenue Recognition - Schedule of Recognized Revenue Associated With Contract Liabilities (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Balance, beginning of period | $ 1,925,788 | $ 2,149,885 |
Recognized revenue associated with contract liabilities | (4,977,909) | (4,776,792) |
Amounts collected or invoiced | 5,051,962 | 4,552,695 |
Balance, end of period | $ 1,999,841 | $ 1,925,788 |
Note 6 - Capitalized Technolo_3
Note 6 - Capitalized Technology (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Capitalized Computer Software, Amortization | $ 59,507 | $ 23,735 |
Note 6 - Capitalized Technolo_4
Note 6 - Capitalized Technology - Capitalized Technology (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Balance, beginning of period | $ 64,499 | $ 43,038 |
Additional capitalized cost | 181,111 | 45,196 |
Provision for amortization | (59,507) | (23,735) |
Balance, end of period | $ 186,103 | $ 64,499 |
Note 7 - Intangible Assets (Det
Note 7 - Intangible Assets (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Amortization of Intangible Assets | $ 551,774 | $ 743,349 |
Note 7 - Intangible Assets - Su
Note 7 - Intangible Assets - Summary of Intangible Assets (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Gross carrying amount | $ 13,588,192 | $ 13,046,792 |
Accumulated amortization | (13,463,744) | (12,911,971) |
Net carrying amount | 124,448 | 134,821 |
Intangible assets, net | 225,848 | 225,221 |
Trade Names [Member] | ||
Indefinite-Lived | $ 101,400 | $ 90,400 |
Sales Process [Member] | ||
Finite-lived intangible asset, useful life (Year) | 10 years | 10 years |
Gross carrying amount | $ 2,130,956 | $ 2,130,956 |
Accumulated amortization | (2,073,800) | (1,997,593) |
Net carrying amount | $ 57,156 | $ 133,363 |
Paid Member Relationships [Member] | ||
Finite-lived intangible asset, useful life (Year) | 5 years | 5 years |
Gross carrying amount | $ 803,472 | $ 803,472 |
Accumulated amortization | (803,472) | (803,472) |
Net carrying amount | $ 0 | $ 0 |
Member Lists [Member] | ||
Finite-lived intangible asset, useful life (Year) | 5 years | 5 years |
Gross carrying amount | $ 8,186,181 | $ 8,086,181 |
Accumulated amortization | (8,119,514) | (8,086,181) |
Net carrying amount | $ 66,667 | $ 0 |
Developed Technology Rights [Member] | ||
Finite-lived intangible asset, useful life (Year) | 3 years | 3 years |
Gross carrying amount | $ 648,000 | $ 648,000 |
Accumulated amortization | (648,000) | (648,000) |
Net carrying amount | $ 0 | $ 0 |
Trademarks and Trade Names [Member] | ||
Finite-lived intangible asset, useful life (Year) | 4 years | 4 years |
Gross carrying amount | $ 442,500 | $ 442,500 |
Accumulated amortization | (441,875) | (441,042) |
Net carrying amount | 625 | 1,458 |
Contracts Purchased [Member] | ||
Gross carrying amount | 1,377,083 | 935,683 |
Accumulated amortization | (1,377,083) | (935,683) |
Net carrying amount | $ 0 | $ 0 |
Contracts Purchased [Member] | Minimum [Member] | ||
Finite-lived intangible asset, useful life (Year) | 3 years | 3 years |
Contracts Purchased [Member] | Maximum [Member] | ||
Finite-lived intangible asset, useful life (Year) | 12 years | 12 years |
Note 7 - Intangible Assets - Fu
Note 7 - Intangible Assets - Future Annual Amortization Expense of Finite-lived Intangible Assets (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
2024 | $ 91,115 | |
2025 | 33,333 | |
Net Carrying Amount | $ 124,448 | $ 134,821 |
Note 8 - Long-term Investments
Note 8 - Long-term Investments (Details Textual) - USD ($) | 1 Months Ended | 12 Months Ended | |||||
Sep. 27, 2022 | Dec. 31, 2023 | Mar. 31, 2023 | Jan. 31, 2023 | Sep. 30, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Stock Issued During Period, Shares, New Issues (in shares) | 273,341 | 333,181 | 99,339 | ||||
Stock Issued During Period, Value, New Issues | $ 200,000 | $ 200,000 | $ 1,750,000 | ||||
Private Placement [Member] | |||||||
Stock Issued During Period, Shares, New Issues (in shares) | 863,392 | ||||||
Stock Issued During Period, Value, New Issues | $ 1,350,000 | ||||||
Private Placement [Member] | Koala Crypto Limited [Member] | |||||||
Stock Issued During Period, Shares, New Issues (in shares) | 863,392 | ||||||
Stock Issued During Period, Value, New Issues | $ 1,350,000 | ||||||
Koala Crypto Limited [Member] | |||||||
Investment Owned, Balance, Shares (in shares) | 65,700 | ||||||
Investment Owned, Percentage of Total Issued Share Capital | 9% | 9% |
Note 9 - Accrued Liabilities -
Note 9 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) | Dec. 31, 2023 | Dec. 01, 2023 | Dec. 31, 2022 |
Litigation reserve | $ 450,000 | $ 450,000 | |
Contractor expenses | 170,733 | 247,909 | |
Illinois franchise tax | 100,800 | 100,800 | |
Accrued payroll | 88,153 | 83,514 | |
Accrued legal fees | 0 | 15,000 | |
Accrued Board of Director fees | 19,500 | 50,112 | |
Accrued revenue sharing agreements | 18,658 | 83,832 | |
Other | 20,040 | 40,675 | |
Total accrued liabilities | $ 867,884 | $ 867,884 | $ 1,071,842 |
Note 10 - Commitments and Con_3
Note 10 - Commitments and Contingencies (Details Textual) | 12 Months Ended | ||||
Jun. 07, 2022 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Oct. 01, 2020 ft² | Mar. 31, 2020 USD ($) | |
Operating Lease, Weighted Average Remaining Lease Term (Year) | 3 years 9 months | 4 years 9 months | |||
Operating Lease, Weighted Average Discount Rate, Percent | 6% | 6% | |||
Operating Lease, Right-of-Use Asset | $ 298,485 | $ 365,324 | |||
Operating Lease, Liability | 365,712 | 444,720 | |||
Cash | 627,641 | ||||
Estimated Litigation Liability | $ 450,000 | ||||
NAPW Case No. LT 000421/2018 [Member] | |||||
Litigation Settlement, Amount Awarded to Other Party | $ 855,002 | ||||
Payments for Legal Settlements | 70,000 | ||||
Gain (Loss) Related to Litigation Settlement | $ 908,564 | ||||
PDN China [Member] | |||||
Cash | 184,000 | ||||
Office Lease [Member] | |||||
Area of Real Estate Property (Square Foot) | ft² | 4,902 | ||||
Lessee, Operating Lease, Term of Contract (Year) | 84 years | ||||
Operating Lease, Payments | $ 104,000 | $ 101,000 |
Note 10 - Commitments and Con_4
Note 10 - Commitments and Contingencies - Maturity of Lease Obligations (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
2024 | $ 106,006 | |
2025 | 108,457 | |
2026 | 110,908 | |
2027 | 84,560 | |
Total lease payments | 409,931 | |
Less: present value discount | 44,219 | |
Present value of lease liabilities | $ 365,712 | $ 444,720 |
Note 11 - CFL Transaction (Deta
Note 11 - CFL Transaction (Details Textual) - USD ($) | 1 Months Ended | 12 Months Ended | |||||||
Oct. 30, 2021 | Sep. 22, 2021 | Dec. 31, 2023 | Mar. 31, 2023 | Jan. 31, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Nov. 28, 2022 | Aug. 12, 2016 | |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | |||||
Stock Issued During Period, Shares, New Issues (in shares) | 273,341 | 333,181 | 99,339 | ||||||
Shares Issued, Price Per Share (in dollars per share) | $ 1.7 | $ 2.1 | $ 1.7 | ||||||
Proceeds from Issuance of Common Stock | $ 464,300 | $ 700,000 | $ 3,364,300 | $ 1,000,000 | |||||
C F L [Member] | |||||||||
Percentage of Common Stock Held By Investors | 23.50% | 23.50% | |||||||
Common Stock, Shares, Held by Investors (in shares) | 2,692,271 | 2,692,271 | |||||||
CFL Transactions [Member] | |||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.01 | ||||||||
Percentage of Common Stock Held By Investors | 51% | ||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 375,869 | 474,384 | 122,670 | ||||||
Shares Issued, Price Per Share (in dollars per share) | $ 2.1 | $ 1.63 | $ 1.63 | ||||||
Proceeds from Issuance of Common Stock | $ 1,000,000 | $ 200,000 |
Note 12 - Stockholders' Equit_2
Note 12 - Stockholders' Equity (Details Textual) | 1 Months Ended | 12 Months Ended | |||||||||||||||
Dec. 20, 2022 USD ($) $ / shares shares | Nov. 28, 2022 $ / shares | Oct. 30, 2021 shares | Sep. 22, 2021 USD ($) $ / shares shares | Sep. 20, 2021 USD ($) | Dec. 31, 2023 USD ($) $ / shares shares | Jun. 30, 2023 USD ($) $ / shares shares | Mar. 31, 2023 USD ($) $ / shares shares | Jan. 31, 2023 USD ($) shares | Dec. 31, 2022 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) shares | Feb. 28, 2022 USD ($) shares | Dec. 31, 2023 USD ($) $ / shares shares | Dec. 31, 2022 USD ($) $ / shares shares | May 31, 2023 | Sep. 27, 2022 | Aug. 12, 2016 $ / shares | |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | ||||||||||||
Market Trading Price, Minimum Price Per Share (in dollars per share) | $ / shares | $ 1 | ||||||||||||||||
Preferred Stock, Shares Issued (in shares) | shares | 0 | 0 | |||||||||||||||
Preferred Stock, Shares, Maximum Undesignated Issable (in shares) | shares | 1,000,000 | 1,000,000 | |||||||||||||||
Common Stock, Shares Authorized (in shares) | shares | 45,000,000 | 45,000,000 | 45,000,000 | 45,000,000 | |||||||||||||
Common Stock, Shares, Outstanding (in shares) | shares | 11,452,008 | 10,367,431 | 11,452,008 | 10,367,431 | |||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 273,341 | 333,181 | 99,339 | ||||||||||||||
Stock Issued During Period, Value, New Issues | $ 200,000 | $ 200,000 | $ 1,750,000 | ||||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 1.7 | $ 2.1 | $ 1.7 | ||||||||||||||
Proceeds from Issuance of Common Stock | $ 464,300 | $ 700,000 | $ 3,364,300 | 1,000,000 | |||||||||||||
Treasury Stock, Value, Acquired, Cost Method | $ 0 | $ 855,365 | |||||||||||||||
Stock Buyback Plan [Member] | |||||||||||||||||
Treasury Stock, Shares, Acquired (in shares) | shares | 530,421 | ||||||||||||||||
Treasury Stock, Value, Acquired, Cost Method | $ 855,000 | ||||||||||||||||
Shares Acquired, Average Cost Per Share (in dollars per share) | $ / shares | $ 1.62 | ||||||||||||||||
Stock Purchase Agreement [Member] | |||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 469,925 | ||||||||||||||||
Stock Issued During Period, Value, New Issues | $ 12,775,000 | ||||||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 4.256 | ||||||||||||||||
Proceeds from Issuance of Common Stock | $ 2,000,000 | ||||||||||||||||
Hongjun Chen [Member] | |||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 1,162,791 | ||||||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 0.86 | $ 0.86 | |||||||||||||||
Proceeds from Issuance of Common Stock | $ 1,000,000 | ||||||||||||||||
Investor [Member] | Stock Purchase Agreement [Member] | |||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 176,222 | ||||||||||||||||
Stock Issued During Period, Value, New Issues | $ 750,000 | ||||||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 4.256 | ||||||||||||||||
Private Placement [Member] | |||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 863,392 | ||||||||||||||||
Stock Issued During Period, Value, New Issues | $ 1,350,000 | ||||||||||||||||
CFL Transactions [Member] | |||||||||||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.01 | ||||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 375,869 | 474,384 | 122,670 | ||||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 2.1 | $ 1.63 | $ 1.63 | ||||||||||||||
Proceeds from Issuance of Common Stock | $ 1,000,000 | $ 200,000 | |||||||||||||||
Koala Crypto Limited [Member] | |||||||||||||||||
Investment Owned, Percentage of Total Issued Share Capital | 9% | 9% | |||||||||||||||
Remote More U S A Inc [Member] | |||||||||||||||||
Business Acquisition, Percentage of Voting Interests Acquired | 45.62% | 20% | 45.62% | 7% | |||||||||||||
Business Combination, Consideration Transferred, Liabilities Incurred | $ 500,000 | $ 500,000 | |||||||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares | 139,860 | ||||||||||||||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 400,000 | ||||||||||||||||
Maximum [Member] | Stock Buyback Plan [Member] | |||||||||||||||||
Stock Repurchase Program, Authorized Amount | $ 2,000,000 | $ 2,000,000 | |||||||||||||||
Reverse Stock Split [Member] | |||||||||||||||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 2 | ||||||||||||||||
Reverse Stock Split [Member] | Minimum [Member] | |||||||||||||||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 1.5 | ||||||||||||||||
Reverse Stock Split [Member] | Maximum [Member] | |||||||||||||||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 5 |
Note 12 - Stockholders' Equit_3
Note 12 - Stockholders' Equity - Summary of Shares Issued (Details) - USD ($) | 1 Months Ended | 12 Months Ended | |||
Dec. 31, 2023 | Mar. 31, 2023 | Jan. 31, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Issuance of common stock (in shares) | 273,341 | 333,181 | 99,339 | ||
Issuance of common stock | $ 200,000 | $ 200,000 | $ 1,750,000 | ||
Share-based compensation | 299,839 | 481,429 | |||
Total, value | 3,364,300 | ||||
Board Of Directors [Member] | |||||
Share-based compensation | 0 | ||||
Management [Member] | |||||
Share-based compensation | 0 | ||||
Cofounders Expo Experts [Member] | |||||
Issuance of common stock | 0 | ||||
Tumim Stone Capital LLC [Member] | |||||
Issuance of common stock | 2,464,300 | ||||
Ms. Yiran Gu [Member] | |||||
Issuance of common stock | 700,000 | ||||
Cosmic Forward Limited [Member] | |||||
Issuance of common stock | $ 200,000 | ||||
Common Stock [Member] | |||||
Total, number (in shares) | 1,614,998 | ||||
Total, value | $ 16,149 | ||||
Common Stock [Member] | Board Of Directors [Member] | |||||
Share-based compensation (in shares) | 54,140 | ||||
Share-based compensation | $ 541 | ||||
Common Stock [Member] | Management [Member] | |||||
Share-based compensation (in shares) | 86,180 | ||||
Share-based compensation | $ 862 | ||||
Common Stock [Member] | Cofounders Expo Experts [Member] | |||||
Issuance of common stock (in shares) | 99,339 | ||||
Issuance of common stock | $ 993 | ||||
Common Stock [Member] | Tumim Stone Capital LLC [Member] | |||||
Issuance of common stock (in shares) | 919,488 | ||||
Issuance of common stock | $ 9,194 | ||||
Common Stock [Member] | Ms. Yiran Gu [Member] | |||||
Issuance of common stock (in shares) | 333,181 | ||||
Issuance of common stock | $ 3,332 | ||||
Common Stock [Member] | Cosmic Forward Limited [Member] | |||||
Issuance of common stock (in shares) | 122,670 | ||||
Issuance of common stock | $ 1,227 | ||||
Additional Paid-in Capital [Member] | |||||
Issuance of common stock | 199,007 | 1,739,968 | |||
Share-based compensation | 298,436 | $ 479,751 | |||
Total, value | 4,298,151 | ||||
Additional Paid-in Capital [Member] | Board Of Directors [Member] | |||||
Share-based compensation | (541) | ||||
Additional Paid-in Capital [Member] | Management [Member] | |||||
Share-based compensation | (862) | ||||
Additional Paid-in Capital [Member] | Cofounders Expo Experts [Member] | |||||
Issuance of common stock | 199,007 | ||||
Additional Paid-in Capital [Member] | Tumim Stone Capital LLC [Member] | |||||
Issuance of common stock | 3,205,106 | ||||
Additional Paid-in Capital [Member] | Ms. Yiran Gu [Member] | |||||
Issuance of common stock | 696,668 | ||||
Additional Paid-in Capital [Member] | Cosmic Forward Limited [Member] | |||||
Issuance of common stock | $ 198,773 |
Note 13 - Stock-based Compens_3
Note 13 - Stock-based Compensation (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Apr. 11, 2023 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 0 | 0 | |
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount | $ 5,000 | ||
Share-Based Payment Arrangement, Option [Member] | |||
Share-Based Payment Arrangement, Expense | $ 10,850 | $ 10,850 | |
Warrant [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number (in shares) | 0 | ||
Restricted Stock Units (RSUs) [Member] | |||
Share-Based Payment Arrangement, Expense | $ 300,000 | $ 481,000 | |
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 364,000 | ||
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Nonemployee [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 30,490 | 69,114 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Grant Date Fair Value, Granted | $ 125,000 | $ 125,000 | |
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 86,180 | 88,000 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Grant Date Fair Value, Granted | $ 193,099 | $ 284,156 | |
The 2013 Equity Incentive Plan [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares) | 750,000 |
Note 13 - Stock-based Compens_4
Note 13 - Stock-based Compensation - Schedule of Stock Option Activity (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Outstanding, shares (in shares) | 33,063 | 33,063 | |
Outstanding, Weighted Average Exercise Price (in dollars per share) | $ 9.04 | $ 9.04 | |
Outstanding, Weighted average remaining contractual term (Year) | 5 years 8 months 12 days | 6 years 9 months 18 days | 7 years 9 months 18 days |
Outstanding, Intrinsic Value | $ 0 | $ 0 | $ 10.8 |
Granted, shares (in shares) | 0 | 0 | |
Granted, Weighted Average Exercise Price (in dollars per share) | $ 0 | $ 0 | |
Exercised, shares (in shares) | 0 | 0 | |
Exercised, Weighted Average Exercise Price (in dollars per share) | $ 0 | $ 0 | |
Forfeited, shares (in shares) | 0 | 0 | |
Forfeited, Weighted Average Exercise Price (in dollars per share) | $ 0 | $ 0 | |
Outstanding, shares (in shares) | 33,063 | 33,063 | 33,063 |
Outstanding, Weighted Average Exercise Price (in dollars per share) | $ 9.04 | $ 9.04 | $ 9.04 |
Exercisable, shares (in shares) | 28,063 | 23,063 | |
Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 9.91 | $ 11.14 | |
Exercisable, Weighted average remaining contractual term (Year) | 5 years 6 months | 6 years | |
Exercisable, Intrinsic Value | $ 0 | $ 0 |
Note 13 - Stock-based Compens_5
Note 13 - Stock-based Compensation - Schedule of Restricted Stock Award Activity (Details) - Restricted Stock [Member] - shares | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Outstanding, Number (in shares) | 69,114 | 79,763 |
Granted, Number (in shares) | 117,334 | 170,937 |
Forfeited, Number (in shares) | (13,823) | (13,823) |
Vested, Number (in shares) | (55,291) | (167,763) |
Outstanding, Number (in shares) | 117,334 | 69,114 |
Note 14 - Income Taxes (Details
Note 14 - Income Taxes (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Deferred Tax Assets, Valuation Allowance | $ 10,757,407 | $ 9,978,399 |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | 779,008 | |
Foreign Earnings Repatriated | 0 | |
Domestic Tax Authority [Member] | ||
Operating Loss Carryforwards | 37,699,000 | |
Operating Loss Carryforwards Subject to Expiration | 19,304,000 | |
Operating Loss Carryforwards Not Subject to Expiration | 18,395,000 | |
State and Local Jurisdiction [Member] | ILLINOIS | ||
Operating Loss Carryforwards | 18,574,000 | |
State and Local Jurisdiction [Member] | NEW YORK | ||
Operating Loss Carryforwards | $ 11,995,000 |
Note 14 - Income Taxes - Schedu
Note 14 - Income Taxes - Schedule of Net Deferred Tax Assets and Liabilities (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Goodwill and intangible assets | $ 83,613 | |
Goodwill and intangible assets | $ (35,912) | |
Developed technology | 3,953 | (5,894) |
Property and equipment | (9,970) | (8,942) |
Other deferred tax assets | 264,571 | 231,451 |
Settlements | 121,950 | 121,950 |
Stock based compensation | 76,977 | 58,447 |
Net operating loss | 10,216,313 | 9,474,230 |
Valuation allowance | (10,757,407) | (9,978,399) |
Net deferred tax liability | $ 0 | $ (143,069) |
Note 14 - Income Taxes - Sche_2
Note 14 - Income Taxes - Schedule of Benefits for Income Taxes (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Current provision, Federal | $ 0 | $ 0 |
Deferred tax benefit, Federal | (110,961) | (14,950) |
Federal Income Tax Expense (Benefit), Continuing Operations | (110,961) | (14,950) |
Current provision, State | 0 | 0 |
Deferred tax benefit, State | (28,419) | 1,762 |
State and Local Income Tax Expense (Benefit), Continuing Operations | (28,419) | 1,762 |
Current provision, Foreign | 0 | 0 |
Deferred provision (benefit), Foreign | 0 | 0 |
Income tax expense benefit | $ (139,380) | $ (13,188) |
Note 14 - Income Taxes - Sche_3
Note 14 - Income Taxes - Schedule of Reconciliation of Effective Income Tax Rate (Details) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Expected federal statutory rate | 21% | 21% |
State income taxes, net of federal benefit | 6.10% | 6.10% |
Valuation allowance | (17.10%) | (22.00%) |
Permanent items | 0% | (2.90%) |
Other | (6.90%) | (1.60%) |
Effective Income Tax Rate Reconciliation, Percent | 3.10% | 0.60% |
Note 15 - Segment Information -
Note 15 - Segment Information - Schedule of Segment Information (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Total revenues | $ 7,699,037 | $ 8,314,088 |
Income (loss) from continuing operations | (4,538,551) | (3,101,875) |
Depreciation and amortization | 624,004 | 776,095 |
Income tax expense (benefit) | (139,380) | (13,188) |
Loss from continuing operations | (4,386,237) | (3,092,339) |
Goodwill | 1,417,753 | 1,274,785 |
Intangible assets, net | 225,848 | 225,221 |
Assets from continuing operations, net of eliminations | 6,326,532 | 6,634,305 |
Membership Fees and Related Services [Member] | ||
Total revenues | 530,745 | 639,271 |
Recruitment Services [Member] | ||
Total revenues | 4,639,642 | 4,861,761 |
Contracted Software Development [Member] | ||
Total revenues | 2,437,352 | 2,645,619 |
Consumer Advertising and Marketing Solutions [Member] | ||
Total revenues | 91,298 | 167,437 |
Professional Diversity Network [Member] | ||
Total revenues | 4,730,940 | 5,029,198 |
Income (loss) from continuing operations | (1,484,970) | 415,217 |
Depreciation and amortization | 542,831 | 30,614 |
Income tax expense (benefit) | (48,466) | 9,200 |
Loss from continuing operations | (1,429,033) | 414,491 |
Goodwill | 465,752 | 339,451 |
Intangible assets, net | 168,067 | 90,400 |
Assets from continuing operations, net of eliminations | 6,915,583 | 6,718,226 |
Professional Diversity Network [Member] | Membership Fees and Related Services [Member] | ||
Total revenues | 0 | 0 |
Professional Diversity Network [Member] | Recruitment Services [Member] | ||
Total revenues | 4,639,642 | 4,861,761 |
Professional Diversity Network [Member] | Contracted Software Development [Member] | ||
Total revenues | 0 | 0 |
Professional Diversity Network [Member] | Consumer Advertising and Marketing Solutions [Member] | ||
Total revenues | 91,298 | 167,437 |
National Association of Professional Women [Member] | ||
Total revenues | 530,745 | 639,271 |
Income (loss) from continuing operations | (431,331) | (196,117) |
Depreciation and amortization | 79,786 | 78,223 |
Income tax expense (benefit) | (15,873) | 24,629 |
Loss from continuing operations | (414,121) | (220,536) |
Goodwill | 0 | 0 |
Intangible assets, net | 57,156 | 133,363 |
Assets from continuing operations, net of eliminations | 87,231 | 203,534 |
National Association of Professional Women [Member] | Membership Fees and Related Services [Member] | ||
Total revenues | 530,745 | 639,271 |
National Association of Professional Women [Member] | Recruitment Services [Member] | ||
Total revenues | 0 | 0 |
National Association of Professional Women [Member] | Contracted Software Development [Member] | ||
Total revenues | 0 | 0 |
National Association of Professional Women [Member] | Consumer Advertising and Marketing Solutions [Member] | ||
Total revenues | 0 | 0 |
Remote More [Member] | ||
Total revenues | 2,437,352 | 2,645,619 |
Income (loss) from continuing operations | (281,054) | (1,008,101) |
Depreciation and amortization | 1,387 | 667,258 |
Income tax expense (benefit) | 850 | 126 |
Loss from continuing operations | (277,778) | (1,020,354) |
Goodwill | 952,001 | 935,334 |
Intangible assets, net | 625 | 1,458 |
Assets from continuing operations, net of eliminations | (676,282) | (287,455) |
Remote More [Member] | Membership Fees and Related Services [Member] | ||
Total revenues | 0 | 0 |
Remote More [Member] | Recruitment Services [Member] | ||
Total revenues | 0 | 0 |
Remote More [Member] | Contracted Software Development [Member] | ||
Total revenues | 2,437,352 | 2,645,619 |
Remote More [Member] | Consumer Advertising and Marketing Solutions [Member] | ||
Total revenues | 0 | 0 |
Corporate Segment [Member] | ||
Total revenues | 0 | 0 |
Income (loss) from continuing operations | (2,341,196) | (2,312,874) |
Depreciation and amortization | 0 | 0 |
Income tax expense (benefit) | (75,891) | (47,143) |
Loss from continuing operations | (2,265,305) | (2,265,940) |
Goodwill | 0 | 0 |
Intangible assets, net | 0 | 0 |
Assets from continuing operations, net of eliminations | 0 | 0 |
Corporate Segment [Member] | Membership Fees and Related Services [Member] | ||
Total revenues | 0 | 0 |
Corporate Segment [Member] | Recruitment Services [Member] | ||
Total revenues | 0 | 0 |
Corporate Segment [Member] | Contracted Software Development [Member] | ||
Total revenues | 0 | 0 |
Corporate Segment [Member] | Consumer Advertising and Marketing Solutions [Member] | ||
Total revenues | $ 0 | $ 0 |
Note 16 - Employee Benefit Pl_2
Note 16 - Employee Benefit Plans (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Defined Contribution Plan, Cost | $ 88,500 | $ 82,000 |
Maximum [Member] | ||
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 5% |