Professional Diversity Network (IPDN) 10-Q 15 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 07, 2018
Document And Entity Information
Entity Registrant Name	Professional Diversity Network, Inc.
Entity Central Index Key	1,546,296
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		4,344,894
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,018

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents (Amount related to variable interest entity of $1,407,188 and $1,671,378 as of March 31, 2018 and December 31, 2017, respectively)	$ 2,738,185	$ 3,013,927
Accounts receivable, net	1,388,169	1,997,983
Incremental direct costs	67,799	145,292
Prepaid expenses and other current assets	568,566	478,379
Total current assets	4,762,719	5,635,581
Property and equipment, net	139,960	237,037
Capitalized technology, net	167,126	158,142
Goodwill	5,590,150	5,590,150
Intangible assets, net	5,745,606	6,381,206
Merchant reserve	760,849	760,849
Security deposits	227,451	225,957
Total assets	17,393,861	18,988,922
Current Liabilities:
Accounts payable	1,492,957	1,524,066
Accrued expenses	958,835	1,247,116
Deferred revenue	3,398,905	4,004,015
Total current liabilities	5,850,697	6,775,197
Deferred tax liability	1,519,433	1,803,519
Deferred rent	48,121	56,082
Other liabilities	26,160	52,321
Total liabilities	7,444,411	8,687,119
Commitments and contingencies
Stockholders’ Equity
Common stock, $0.01 par value; 45,000,000 shares authorized; 4,344,159 shares and 3,963,864 shares issued as of March 31, 2018 and December 31, 2017, respectively; and 4,343,111 shares and 3,962,816 shares outstanding as of March 31, 2018 and December 31, 2017, respectively	43,442	39,639
Additional paid in capital	81,617,767	80,016,218
Accumulated other comprehensive loss	105,556	28,848
Accumulated deficit	(71,780,198)	(69,745,785)
Treasury stock, at cost; 1,048 shares at March 31, 2018 and December 31, 2017	(37,117)	(37,117)
Total stockholders’ equity	9,949,450	10,301,803
Total liabilities and stockholders’ equity	$ 17,393,861	$ 18,988,922

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Amount related to variable interest	$ 1,407,188	$ 1,671,378
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	45,000,000	45,000,000
Common stock, shares issued	4,344,159	3,963,864
Common stock, shares outstanding	4,343,111	3,962,816
Treasury stock, shares	1,048	1,048

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Membership fees and related services	$ 1,612,221	$ 2,815,496
Lead generation	1,234,718	1,724,167
Recruitment services	621,415	658,544
Product sales and other	3,657	46,368
Education and training	6,471	324,204
Consumer advertising and marketing solutions	69,734	65,702
Total revenues	3,548,216	5,634,481
Costs and expenses:
Cost of revenues	610,043	700,646
Sales and marketing	1,715,312	3,254,897
General and administrative	2,863,458	4,534,502
Depreciation and amortization	701,350	835,830
Total costs and expenses	5,890,163	9,325,875
Loss from operations	(2,341,947)	(3,691,394)
Other (expense) income:
Interest expense		(12,399)
Interest and other income	890	2,250
Other finance costs	22,558	(2,324)
Other income (expense), net	23,448	(12,473)
Loss before income tax benefit	(2,318,499)	(3,703,867)
Income tax benefit	(284,086)	(602,286)
Net loss	(2,034,413)	(3,101,581)
Other comprehensive loss:
Foreign currency translation adjustment	76,708	(112)
Comprehensive loss	$ (1,957,705)	$ (3,101,693)
Net loss per common share, basic and diluted	$ (0.48)	$ (0.80)
Weighted average shares used in computing net loss per common share:
Basic and diluted	4,221,620	3,870,386

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net loss	$ (2,034,413)	$ (3,101,581)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	701,350	835,830
Deferred tax	(284,086)	(654,755)
Stock-based compensation expense	118,398	515,511
Provision for bad debt	14,459	145,891
Write off of property and equipment	51,804
Changes in operating assets and liabilities:
Accounts receivable	602,537	(637,117)
Prepaid expenses and other current assets	(86,061)	290,097
Incremental direct costs	77,493	4,228
Accounts payable	(34,977)	(981,376)
Accrued expenses	(296,359)	297,457
Deferred revenue	(617,548)	(54,282)
Deferred rent	(7,961)	(1,443)
Other liabilities	(26,161)	(14,208)
Net cash used in operating activities	(1,821,525)	(3,355,748)
Cash flows from investing activities:
Costs incurred to develop technology	(28,031)	(10,692)
Purchases of property and equipment		(41,563)
Security deposit	(46)	45,379
Net cash used in investing activities	(28,077)	(6,876)
Cash flows from financing activities:
Proceeds from the sale of common stock	1,486,954	3,000,000
Payment of offering costs		(144,000)
Net cash provided by financing activities	1,486,954	2,856,000
Effect of exchange rate fluctuations on cash and cash equivalents	86,906	(112)
Net decrease in cash and cash equivalents	(275,742)	(506,736)
Cash and cash equivalents, beginning of period	3,013,927	6,068,973
Cash and cash equivalents, end of period	2,738,185	5,562,237
Supplemental disclosures of other cash flow information:
Cash paid for income taxes	65,689	300
Cash paid for interest

Description of Business

Description of Business	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	1. Description of Business 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”), Noble Voice LLC and Compliant Lead LLC (collectively, “Noble Voice”), PDN (Hong Kong) International Education Ltd, PDN(Hong Kong)International Education Information Co., Ltd, and PDN (China) International Culture Development Co. Ltd in March 2017, each of which is a wholly-owned subsidiary of the Company and together provide career consultation services. In November 2017, Jiangxi PDN Culture Media Co.,Ltd became a consolidated variable interest entity (VIE). Laws and regulations of the People’s Republic of China (“PRC”) prohibit or restrict companies with foreign ownership from certain activities and benefits including eligibility for certain government grants and certain rebates related to commercial activities. To provide the Company the expected residual returns of the VIE, the Company, through its wholly-owned subsidiary PDN (China) International Culture Development Co., Ltd., entered into a series of contractual arrangements with the VIE and its registered shareholders to enable the Company, to exercise effective control over the VIE, receive substantially all of the economic benefits and residual returns, and absorb substantially all the risks of the VIE as if it was the sole shareholder; and have an exclusive option to purchase all of the equity interests in the VIE. Please refer to footnote #3 for more details about the VIE entity. 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 and Transgender (LGBT), 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 an exclusive women-only professional networking organization, 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. Noble Voice monetizes these consultations by using proprietary technology to drive inexpensive online traffic to our offline call center and generating value-added leads for the Company’s strategic partners who provide continuing education and career services. The Company established business operations in China in 2017. Our business activities, similar to those in the United States, will be focused on providing tools, products and services in China, which will assist in personal and professional development.

Liquidity, Financial Condition

Liquidity, Financial Condition and Management's Plans	3 Months Ended
	Mar. 31, 2018
Liquidity, Financial Condition and Management's Plans [Abstract]
Liquidity, Financial Condition and Management's Plans	2. Liquidity, Financial Condition and Management’s Plans At March 31, 2018, the Company’s principal sources of liquidity were its cash and cash equivalents. The Company had an accumulated deficit of approximately $71,780,000 at March 31, 2018. During the three months ended March 31, 2018, the Company generated a net loss of approximately $2,034,000, used cash in operations of approximately $1,822,000, and the Company expects that it will continue to generate operating losses for the foreseeable future. At March 31, 2018, the Company had a cash balance of approximately $2,738,000. Total revenues were approximately $3,548,000 and $5,634,000 for the three months ended March 31, 2018 and 2017, respectively. The Company had working deficit of approximately $1,088,000 and $1,140,000 at March 31, 2018 and December 31, 2017, respectively. The Company is closely monitoring operating costs and capital requirements and has developed an operating plan for 2018. Management of the Company also made efforts in 2017 and first quarter of 2018 to contain and reduce cost, including implementing new approval process over travel and other expenses, significantly reducing the cash compensation for independent board directors, terminating non-performing employees and eliminating certain positions, replacing and negotiating with certain vendors, and consolidating our PDN and Noble Voice operations into one location. If we are not successful in reducing our costs we may then need to dispose of certain of these assets or discontinue certain business lines. On January 29, 2018, the Company sold 380,295 shares of common stock at a price of $3.91 per share for gross proceeds of $1,486,953. The per share purchase price reflected the closing price of the Company’s common stock on January 24, 2018. The purchaser is Mr. Shengqi Cai, an individual and a resident of the People’s Republic of China. Management believes that its available funds will be sufficient to meet its working capital requirements through May 2019. However, there can be no assurances that the plans and actions proposed by management will be successful, that the Company 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 raise additional funds may not be successful or they may not be available on acceptable terms, if at all. Due to China’s foreign currency control, the Company cannot move money between China and the U.S. freely. The People’s Bank of China (PBOC) and State Administration of Foreign Exchange (SAFE) regulate the flow of foreign exchange in and out of the country. We need to get approval from the Chinese government to move money from China to the U.S. which might take extra time. As of March 31, 2018 we had $2,140,000 cash balance in China.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	3. Summary of Significant Accounting Policies Basis of Presentation – The accompanying unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 as filed with the SEC on March 30, 2018, as amended on April 30, 2018 (the “Annual Report”), which contains the audited financial statements and notes thereto, together with Management’s Discussion and Analysis, for the years ended December 31, 2017 and 2016. The financial information as of December 31, 2017 is derived from the audited financial statements presented in the Annual Report. The interim results for the three months ended March 31, 2018 are not necessarily indicative of the results to be expected for the year ending December 31, 2018 or for any future interim periods. Use of Estimates – Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited interim condensed consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future intervening events. Accordingly, the actual results could differ significantly from estimates. Significant estimates underlying the 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 doubtful accounts and assumptions related to the valuation allowances on deferred taxes, the valuation of stock-based compensation and the valuation of stock warrants. Principles of Consolidation – 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. Variable Interest Entity – (VIE) Financial Information of VIE In November 2017, Jiangxi PDN Culture Media Co.,Ltd became a consolidated VIE. Liabilities recognized as a result of consolidating this VIE do not represent additional claims on the Company’s general assets. VIE assets can be used to settle obligations of the primary beneficiary. The financial information of Jiangxi PDN Culture & Media Co., which was included in the accompanying condensed financial statements, is presented as follows: March 31, 2018 December 31, 2017 (in thousands) Cash and cash equivalents $ 1,407 1,671 Total assets $ 1,408 1,672 Total liabilities $ 1 257 (in thousands) Three Months Ended March 31, 2018 2017 Total net revenue $ - $ - Net income $ 13 $ - Revenue Recognition – Membership Fees and Related Services Membership fees 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. Starting January 2, 2018, we also offer a monthly membership for which we collect fees on a monthly basis and we recognize revenue in the same month as we collect the monthly fees. 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. Deferred Revenue – Lead Generation Professional Diversity Network provides career opportunities to our registered users. Our Career Advisors suggest job opportunities for our registered users based on their location and profile. In certain circumstances our Career Advisers offer career support services to our registered users, including resume writing, education opportunities and economic consultations. In certain circumstances we receive compensation from various business partners resulting from our job seeker referrals. The Company derives lead generation revenues pursuant to arrangements with its business partners. Under these arrangements, the Company matches its business partners with potential candidates, pursuant to specific parameters defined in each arrangement. The Company invoices on a monthly basis based upon the number of leads provided. Revenues related to lead generation are recognized in the month when the leads are sent to its business partners. 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 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 month that the event takes place and e-commerce sales are for one month job postings and the revenue from those sales are recognized in the month the sale is made. Our 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 and the National Urban League ● 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 ● 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. Education and Training The Company works with its business partners to provide education and training seminars to business people in China. Revenues are recognized in the month when the seminar takes place. 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. The Company’s partner organizations include NAACP and National Urban League,VetJobs, among others. Advertising and Marketing Expenses – Net Loss per Share – Three Months Ended March 31, 2018 2017 Warrants to purchase common stock 170,314 170,314 Stock options 246,564 304,064 Unvested restricted stock 15,544 2,778 432,422 477,156 Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09,“Revenue from Contracts with Customers,” which was subsequently modified in August 2015 by ASU No. 2015-14, “Revenue from Contracts with Customers: Deferral of the Effective Date.” As a result, the ASU No. 2014-09 is effective retrospectively for fiscal years and interim periods within those years beginning after December 15, 2017. The core principle of ASU No. 2014-09 is that companies should recognize revenue when the transfer of promised goods or services to customers occurs in an amount that reflects what the company expects to receive. It requires additional disclosures to describe the nature, amount, timing and uncertainty of revenue and cash flows from contracts with customers. In 2016, the FASB issued additional ASUs that clarify the implementation guidance on principal versus agent considerations (ASU 2016-08), on identifying performance obligations and licensing (ASU 2016-10), and on narrow-scope improvements and practical expedients (ASU 2016-12) as well as on the revenue recognition criteria and other technical corrections (ASU 2016-20). Since the Company is an Emerging Growth Company “EGC”, it will adopt the standard on January 1, 2019, using the modified retrospective transition method, which may result in a cumulative-effect adjustment for deferred revenue to the opening balance sheet for 2019 and the restatement of the financial statements for all prior periods presented. The Company continues to evaluate the impact of adoption of this standard on its consolidated financial statements and disclosures. In February 2016, the FASB issued new lease accounting guidance ASU No. 2016-02, “Leases” (“ASU 2016-02”). Under the new guidance, at the commencement date, lessees will be required to recognize a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. The new guidance is not applicable for leases with a term of 12 months or less. Lessor accounting is largely unchanged. Public business entities should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses” (“ASU 2016-13”). ASU 2016-13 introduces a new model for estimating credit losses for certain types of financial instruments, including loans receivable, held-to-maturity debt securities and net investments in direct financing leases, amongst other financial instruments. ASU 2016-13 also modifies the impairment model for available-for-sale debt securities and expands the disclosure requirements regarding an entity’s assumptions, models, and methods for estimating the allowance for losses. ASU 2016-13 is effective for public business entities in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early application of the guidance permitted. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows: Clarification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”), which eliminates the diversity in practice related to the classification of certain cash receipts and payments in the statement of cash flows, by adding or clarifying guidance on eight specific cash flow issues: debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (including bank-owned life insurance policies); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is effective for annual periods beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted. ASU 2016-15 provides for retrospective application for all periods presented. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, “Income Taxes (Topic 740)” (“ASU 2016-16”), which reduces the complexity in the accounting standards by allowing the recognition of current and deferred income taxes for an intra-entity asset transfer, other than inventory, when the transfer occurs. This guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019, with early adoption permitted using a modified retrospective transition approach. The Company is currently assessing the impact of the adoption of this guidance on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805) Clarifying the Definition of a Business” (“ASU 2017-01”). The amendments in ASU 2017-01 is to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The guidance is effective for annual periods beginning after December 15, 2018, including interim periods within annual periods beginning after December 15, 2019. The Company is currently evaluating the impact of adopting this guidance. In May 2017, the FASB issued ASU 2017-09, “Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting” (“ASU 2017-09”). ASU 2017-09 provides clarity and reduces both (i) diversity in practice and (ii) cost and complexity when applying the guidance in Topic 718, Compensation-Stock Compensation, to a change to the terms or conditions of a share-based payment award. The amendments in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. ASU 2017-09 is effective for all annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. The adoption of ASU 2017-09 has no impact on the Company’s financial position or results of operations. In July 2017, the FASB issued ASU 2017-11, “Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception” (“ASU 2017-11”). ASU 2017-11 eliminates the requirement to consider “down round” features when determining whether certain equity-linked financial instruments or embedded features are indexed to an entity’s own stock. It is effective for annual periods beginning after December 31, 2018. Early adoption is permitted. The Company is currently evaluating the impact of adopting this guidance. In February 2018, the FASB issued ASU No. 2018-02, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” (“ASU 2018-02”). ASU 2018-02 allows for the reclassification of certain income tax effects related to the Tax Cuts and Jobs Act between “Accumulated other comprehensive income” and “Retained earnings.” This ASU relates to the requirement that adjustments to deferred tax liabilities and assets related to a change in tax laws or rates to be included in “Income from continuing operations”, even in situations where the related items were originally recognized in “Other comprehensive loss” (rather than in “Loss from operations”). ASU 2018-02 is effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, with early adoption permitted. Adoption of ASU 2018-02 is to be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the tax laws or rates were recognized. The Company is evaluating the effect of this guidance.

Capitalized Technology

Capitalized Technology	3 Months Ended
	Mar. 31, 2018
Research and Development [Abstract]
Capitalized Technology	4. Capitalized Technology Capitalized technology, net is as follows: March 31, 2018 December 31, 2017 Capitalized cost: Balance, beginning of period $ 2,073,905 $ 1,888,791 Additional capitalized cost 28,031 185,114 Balance, end of period $ 2,101,936 $ 2,073,905 Accumulated amortization: Balance, beginning of period $ 1,915,763 $ 1,715,423 Provision for amortization 19,047 200,340 Balance, end of period $ 1,934,810 $ 1,915,763 Capitalized Technology, net $ 167,126 $ 158,142 Amortization expense of $19,047 and $75,652 for the three months ended March 31, 2018 and 2017, respectively, is recorded in depreciation and amortization expense in the accompanying condensed consolidated statements of operations and comprehensive loss.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2018
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	5. Intangible Assets Intangible assets, net is as follows: March 31, 2018 Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Long-lived intangible assets: Sales Process 10 $ 3,970,000 $ (1,395,014 ) $ 2,574,986 Paid Member Relationships 5 890,000 (625,472 ) 264,528 Member Lists 5 8,957,000 (6,294,781 ) 2,662,219 Developed Technology 3 978,000 (978,000 ) - Trade Name/Trademarks 4 480,000 (419,861 ) 60,139 Customer Relationships 5 280,000 (186,667 ) 93,333 $ 15,555,000 $ (9,899,795 ) 5,655,205 Indefinite-lived intangible assets: Trade Name 90,400 Intangible assets, net $ 5,745,605 December 31, 2017 Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Long-lived intangible assets: Sales Process 10 $ 3,970,000 $ (1,295,764 ) $ 2,674,236 Paid Member Relationships 5 890,000 (580,972 ) 309,028 Member Lists 5 8,957,000 (5,846,931 ) 3,110,069 Developed Technology 3 978,000 (978,000 ) - Trade Name/Trademarks 4 480,000 (389,861 ) 90,139 Customer Relationships 5 280,000 (172,667 ) 107,333 $ 15,555,000 $ (9,264,195 ) 6,290,805 Indefinite-lived intangible assets: Trade Name 90,400 Intangible assets, net $ 6,381,205 Future annual estimated amortization expense is summarized as follows: Years ending December 31, 2018 (nine months) $ 1,876,939 2019 1,898,030 2020 397,000 2021 397,000 2022 397,000 Thereafter 689,236 $ 5,655,205 Amortization expense of $636,000 and $717,100 for the three months ended March 31, 2018 and 2017, respectively, is recorded in depreciation and amortization expense in the accompanying condensed consolidated statements of operations and comprehensive loss.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	6. Commitments and Contingencies Lease Obligations – Rent expense, amounting to approximately $266,000 and $272,000 for the three months ended March 31, 2018 and 2017, respectively, is included in general and administrative expense in the condensed consolidated statements of operations and comprehensive loss. Included in rent expense is sublease income of approximately $96,000 for the three months ended March 31, 2017. Legal Proceedings The Company and its wholly-owned subsidiary, NAPW, Inc., are parties to a proceeding captioned In re Professional Diversity Network, Cases 31-CA-159810 and 31-CA-162904, filed with the National Labor Relations Board (“NLRB”) in June 2015 and alleging violations of the National Labor Relations Act (“NLRA”) against the Company and its wholly-owned subsidiary, NAPW, Inc., where employee was allegedly terminated for asserting rights under Section 7 of the NLRA. While the Company disputes that any rights were impacted, the NLRB has issued its order requiring the Company to take certain remedial actions in the form of posting notices and revising certain policies, as well as to pay the claimant certain back pay and offer reinstatement. The Company has complied with the order by posting notices, revising certain policies and offering the claimant reinstatement. In April of 2018 the Company settled the remaining backpay portion of the case. The Company is a party to a proceeding captioned Paul Sutcliffe v. Professional Diversity Network, Inc., No. 533-2016-00033 (EEOC), filed with the Equal Employment Opportunity Commission (“EEOC”) in April 2016 and alleging violations of Title VII and the Age Discrimination in Employment Act, where employee was allegedly terminated due to his race (Caucasian) and his age (over 40). The EEOC has not yet notified the Company that it has issued a right-to-sue letter, and the complainant has not yet filed a lawsuit. In a letter dated October 12, 2017, White Winston Select Asset Funds (“White Winston”) threatened assertion of a claim against the Company. The letter alleges that White Winston suffered $2,241,958 in damages as a result of the Company’s alleged conduct that caused a delay in White Winston’s ability to sell shares in the Company during a period when the Company’s stock price was generally falling. The Company investigated the assertions in the letter and communicated to White Winston that the Company denies liability for any such claim. The Company has since received a copy of a complaint filed by White Winston on May 1, 2018 in the United States District Court for the District of Massachusetts making similar claims, alleging that it suffered a loss of $1,708,233 as a result of the delay in selling shares and seeking unspecified damages and attorneys’ fees. The Company has not yet been served with the complaint. NAPW is a named Respondent in a Nassau County District Court Landlord/Tenant Summary Proceeding, and is being sued by TL Franklin Avenue Plaza LLC. The Petitioner, TL Franklin Avenue Plaza LLC, is alleging that NAPW is in breach of its Lease Agreement, and the matter involves the payment of back rent owing to Petitioner. The case is on-going, and settlement discussions are underway. NAPW and PDN are two of the named Respondents in a Nassau County District Court Landlord/Tenant Summary Proceeding, and they are being sued by Hoegh Autoliners Inc. The Petitioner in this matter, Hoegh Autoliners Inc., is alleging that both NAPW and PDN are in breach of its Lease Agreement, and the matter involves the payment of back rent owing to the Petitioner. In this matter, Intercontinental Capital Group, Inc., an Under-Subtenant of PDN, is also named in the action. The case is on-going, and settlement discussions are taking place in an effort to bring any rental obligations current. The Company is a party to a proceeding captioned Gerbie, et al. v. Professional Diversity Network, Inc. (Cook County Cir. Ct.), a putative class action alleging violations of the Telephone Consumer Protection Act. This matter is in a very early stage and the Company has not yet had any discovery to allow it to assess the quality of the plaintiff’s claims. However, the Company generally believes that its practices and procedures are compliant with the Telephone Consumer Protection Act. 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 Transaction	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
CFL Transaction	7. CFL Transaction On January 13, 2017, the Company entered into a stock purchase agreement (the “Purchase Agreement”) with Cosmic Forward Ltd. (“CFL”), pursuant to which, the Company agreed to issue and sell to CFL (the “Second Share Issuance”), and CFL agreed to purchase, at a price of $9.60 per share (the “Per Share Price”), upon the terms and subject to the conditions set forth in the Purchase Agreement, 312,500 shares of the Company’s common stock. On January 18, 2017, the Company consummated the Second Share Issuance. As a result of the completion of the Second Share Issuance, as of January 18, 2017, CFL beneficially owned 54.64% of the Company’s outstanding shares of common stock, on a fully diluted basis. The Company received total gross proceeds of $3,000,000 from the Second Share Issuance, or approximately $2,821,000 in net proceeds after payment of transaction-related expenses. The Company retained Aegis Capital Corp. (“Aegis”) as the exclusive placement agent in connection with the transaction. Aegis received a cash placement fee of $144,000 in connection with the transaction. The Company accounted for the fee paid to Aegis as a cost of the transaction resulting in a charge directly to stockholders’ equity. At the closing of the Second Share Issuance, and as contemplated by the Purchase Agreement, the Company entered into an amendment, dated as of January 18, 2017 (the “Amendment”), to the Stockholders’ Agreement with CFL and the Buyer Parties (as defined in the Stockholders’ Agreement). The Amendment increased the cap on the amount of common stock that the CFL Shareholders and their respective controlled affiliates (collectively, the “CFL Group”) may, directly or indirectly acquire, agree to acquire or publicly propose or offer to acquire from the Company, or pursuant to a tender or exchange offer for any shares of common stock, from 51% of the then outstanding shares of common stock, on a fully-diluted basis, to 54.64% of the then outstanding shares of common stock, on a fully-diluted basis. The Amendment also clarifies that the 312,500 shares of common stock purchased by CFL in the Second Share Issuance are subject to all of the restrictions contained in the Stockholders’ Agreement, as amended. All other terms and conditions of the Stockholders’ Agreement remain in full force and effect and were ratified and affirmed by the parties in the Amendment.

Employment Agreement

Employment Agreement	3 Months Ended
	Mar. 31, 2018
Employment Agreement
Employment Agreement	8. Employment Agreements On March 6, 2018, Jim Kirsch, the Co-Executive Chairman of the Board, notified the Company of his intent to resign as Co-Executive Chairman of the Board. This notification triggered a ninety-day notice period at the expiration of which Mr. Kirsch shall no longer serve as Co-Executive Chairman. During the ninety-day notice period, Mr. Kirsch shall continue to serve at the discretion of the Company. As such, Mr. Kirsch’s last day as Co-Executive Chairman shall be June 4, 2018 unless earlier terminated by the Company. Following Mr. Kirsch’s resignation as Co-Executive Chairman he shall continue to serve as a director and non-executive Chairman of the Company and Mr. James Song shall be sole Executive Chairman of the Board.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes The effective income tax rate for the three months ended March 31, 2018 and 2017 was 12.3% and 16.3%, respectively, resulting in a $284,000 and $602,000 income tax benefit, respectively. The difference in the effective income tax rate for the three months ended March 31, 2018, compared to the three months ended March 31, 2017, is mainly attributable to the change in the valuation allowance and the foreign tax rate differential due to the Company’s China Operations. 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 the 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, 2018 and December 31, 2017. The Company has not provided deferred income taxes on the undistributed earnings of its foreign subsidiaries. These earnings have been permanently reinvested and the Company does not plan to initiate action that would precipitate the payment of income taxes thereon. Beginning in 2018, the Tax Act includes a new U.S. tax base erosion provision designed to tax the global intangible low-taxed income (“GILTI”). The GILTI provisions require us to include in our U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. We do not expect GILTI to be material in the future.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	10. Stock-Based Compensation Equity Incentive Plans Stock Options The following table summarizes the Company’s stock option activity for the three months ended March 31, 2018: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in Years) Aggregate Intrinsic Value Outstanding – January 1, 2018 246,564 $ 11.17 9.1 $ - Granted - - Exercised - - Forfeited/Canceled/Expired - - Outstanding – March 31, 2018 246,564 $ 11.17 8.9 $ - Exercisable – March 31, 2018 166,564 $ 11.39 8.8 $ - The Company recorded non-cash compensation expense of approximately $88,000 and $488,000 as a component of general and administrative expenses in the accompanying condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2018 and 2017, respectively, pertaining to stock options. Total unrecognized compensation expense related to unvested stock options at March 31, 2018 amounts to approximately $324,000 and is expected to be recognized over a remaining weighted average period of 1.0 year. Warrants As of March 31, 2018, there were 170,314 warrants outstanding and exercisable, with a weighted average exercise price of $32.44 per share. The weighted average remaining contractual life of the warrants at March 31, 2018 and December 31, 2017 was 3.1 and 3.3 years, respectively, and the aggregate intrinsic value was $0. The Company did not grant any warrants to purchase shares of common stock during the three months ended March 31, 2018. No compensation cost was recognized for the three months ended March 31, 2018 and 2017 pertaining to warrants. Restricted Stock As of March 31, 2018 and December 31, 2017, there were 15,544 shares of unvested restricted stock outstanding. The Company recorded non-cash compensation expense of approximately $30,000 and $28,000 for the three months ended March 31, 2018 and 2017, respectively, pertaining to restricted stock. Total unrecognized compensation expense related to unvested restricted stock at March 31, 2018 amounts to approximately $30,000 and is expected to be recognized over a weighted average period of 0.24 years.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Information	11. Segment Information Beginning in January 2017, the Company operates in the following segments: (A) United States: (i) PDN Network, (ii) NAPW Network and (iii) Noble Voice operations, and (B) China Operations. The segments are categorized based on their business activities and organization. Prior to January 2017, the Company operated solely in the United States in the following segments: (i) PDN Network, (ii) NAPW Network and (iii) Noble Voice operations. The following tables present key financial information of the Company’s reportable segments as of and for the three months ended March 31, 2018 and 2017: Three Months Ended March 31, 2018 United States PDN Network NAPW Network Noble Voice China Operations Corporate Overhead Consolidated Membership fees and related services $ - $ 1,549,932 $ - $ 62,289 $ - $ 1,612,221 Lead generation - - 1,234,718 - - 1,234,718 Recruitment services 621,415 - - - - 621,415 Products sales and other - 3,657 - - - 3,657 Education and training - - - 6,471 - 6,471 Consumer advertising and marketing solutions 69,734 - - - - 69,734 Total revenues 691,149 1,553,589 1,234,718 68,760 - 3,548,216 Loss from operations (67,204 ) (766,055 ) (244,796 ) (351,117 ) (912,775 ) (2,341,947 ) Depreciation and amortization 16,987 658,433 21,589 4,341 - 701,350 Income tax expense (benefit) (8,773 ) (109,639 ) (35,036 ) - (130,638 ) (284,086 ) Net loss (52,524 ) (656,416 ) (209,760 ) (333,576 ) (782,137 ) (2,034,413 ) Capital expenditures - - - - - March 31, 2018 Goodwill $ 339,451 $ 5,250,699 $ - $ - $ - $ 5,590,150 Intangible assets, net 90,400 5,555,206 100,000 - - 5,745,606 Total assets 1,765,961 12,061,120 1,067,580 2,499,200 - 17,393,861 Three Months Ended March 31, 2017 United States PDN Network NAPW Network Noble Voice China Operations Corporate Overhead Consolidated Membership fees and related services $ - $ 2,815,496 $ - $ - $ - $ 2,815,496 Lead generation - - 1,724,167 - - 1,724,167 Recruitment services 658,544 - - - - 658,544 Products sales and other - 46,368 - - - 46,368 Education and training - - - 324,204 - 324,204 Consumer advertising and marketing solutions 65,702 - - - - 65,702 Total revenues 724,246 2,861,864 1,724,167 324,204 - 5,634,481 (Loss) income from operations (78,770 ) (1,243,301 ) (214,632 ) 46,493 (2,201,184 ) (3,691,394 ) Depreciation and amortization 46,829 739,126 49,875 - - 835,830 Income tax expense (benefit) (15,507 ) (217,205 ) (37,496 ) 52,469 (384,547 ) (602,286 ) Net loss (73,412 ) (1,026,096 ) (177,136 ) (8,300 ) (1,816,637 ) (3,101,581 ) Capital expenditures 5,554 3,814 341 31,854 - 41,563 March 31, 2017 Goodwill $ 339,451 $ 19,861,739 $ - $ - $ - $ 20,201,190 Intangible assets, net 90,400 8,136,606 239,333 - - 8,466,339 Total assets 6,503,219 30,978,114 1,968,654 514,101 - 39,964,088

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events The Company evaluates subsequent events and transactions that occur after the balance sheet date up to the date that the condensed consolidated financial statements were issued for potential recognition or disclosure. Other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the consolidated financial statements. Stock-Based Compensation On April 19, 2018 (the “Effective Date”), the Company granted 75,000 options to each of the two co-executive chairmen of the Board, Mr. Jim Kirsch and Mr. James Song, 70,000 options to the CEO, Mr. Michael Wang, and 30,000 options plus 5,000 shares of restricted stock (the “Restricted Stock”) to the CFO, Mr. Gary Xiao, in each case pursuant to the 2013 Plan of the Company. The options issued to the executives will vest in accordance with the following schedule: (i) 1/3 of the shares underlying the option will vest immediately on the Effective Date, (ii) 1/3 of the shares underlying the option will vest on the one-year anniversary of the Effective Date, and (iii) 1/3 of the shares underlying the option will vest on the two-year anniversary of the Effective Date. The options are exercisable at an exercise price of $2.82 per share. Restricted stock to Mr. Xiao will vest on April 19, 2019. On April 19, 2018, the Company granted 8,865 restricted stock units (“RSUs”) to its non-employee directors, including Mr. Michael Belsky, Xin He, Hao Zhang and Xianfang Liu. The RSUs will vest on April 19, 2019. The RSUs have no voting or dividend rights. The fair value of the common stock on the date of grant was $2.82 per share.

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation – The accompanying unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 as filed with the SEC on March 30, 2018, as amended on April 30, 2018 (the “Annual Report”), which contains the audited financial statements and notes thereto, together with Management’s Discussion and Analysis, for the years ended December 31, 2017 and 2016. The financial information as of December 31, 2017 is derived from the audited financial statements presented in the Annual Report. The interim results for the three months ended March 31, 2018 are not necessarily indicative of the results to be expected for the year ending December 31, 2018 or for any future interim periods.
Use of Estimates	Use of Estimates – Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited interim condensed consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future intervening events. Accordingly, the actual results could differ significantly from estimates. Significant estimates underlying the 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 doubtful accounts and assumptions related to the valuation allowances on deferred taxes, the valuation of stock-based compensation and the valuation of stock warrants.
Principles of Consolidation	Principles of Consolidation –
Goodwill and Intangible Assets	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. Variable Interest Entity – (VIE) Financial Information of VIE In November 2017, Jiangxi PDN Culture Media Co.,Ltd became a consolidated VIE. Liabilities recognized as a result of consolidating this VIE do not represent additional claims on the Company’s general assets. VIE assets can be used to settle obligations of the primary beneficiary. The financial information of Jiangxi PDN Culture & Media Co., which was included in the accompanying condensed financial statements, is presented as follows: March 31, 2018 December 31, 2017 (in thousands) Cash and cash equivalents $ 1,407 1,671 Total assets $ 1,408 1,672 Total liabilities $ 1 257 (in thousands) Three Months Ended March 31, 2018 2017 Total net revenue $ - $ - Net income $ 13 $ -
Revenue Recognition	Revenue Recognition – Membership Fees and Related Services Membership fees 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. Starting January 2, 2018, we also offer a monthly membership for which we collect fees on a monthly basis and we recognize revenue in the same month as we collect the monthly fees. 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. Deferred Revenue – Lead Generation Professional Diversity Network provides career opportunities to our registered users. Our Career Advisors suggest job opportunities for our registered users based on their location and profile. In certain circumstances our Career Advisers offer career support services to our registered users, including resume writing, education opportunities and economic consultations. In certain circumstances we receive compensation from various business partners resulting from our job seeker referrals. The Company derives lead generation revenues pursuant to arrangements with its business partners. Under these arrangements, the Company matches its business partners with potential candidates, pursuant to specific parameters defined in each arrangement. The Company invoices on a monthly basis based upon the number of leads provided. Revenues related to lead generation are recognized in the month when the leads are sent to its business partners. 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 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 month that the event takes place and e-commerce sales are for one month job postings and the revenue from those sales are recognized in the month the sale is made. Our 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 and the National Urban League ● 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 ● 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. Education and Training The Company works with its business partners to provide education and training seminars to business people in China. Revenues are recognized in the month when the seminar takes place. 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.
Advertising and Marketing Expenses	Advertising and Marketing Expenses –
Net Loss Per Share	Net Loss per Share – Three Months Ended March 31, 2018 2017 Warrants to purchase common stock 170,314 170,314 Stock options 246,564 304,064 Unvested restricted stock 15,544 2,778 432,422 477,156
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09,“Revenue from Contracts with Customers,” which was subsequently modified in August 2015 by ASU No. 2015-14, “Revenue from Contracts with Customers: Deferral of the Effective Date.” As a result, the ASU No. 2014-09 is effective retrospectively for fiscal years and interim periods within those years beginning after December 15, 2017. The core principle of ASU No. 2014-09 is that companies should recognize revenue when the transfer of promised goods or services to customers occurs in an amount that reflects what the company expects to receive. It requires additional disclosures to describe the nature, amount, timing and uncertainty of revenue and cash flows from contracts with customers. In 2016, the FASB issued additional ASUs that clarify the implementation guidance on principal versus agent considerations (ASU 2016-08), on identifying performance obligations and licensing (ASU 2016-10), and on narrow-scope improvements and practical expedients (ASU 2016-12) as well as on the revenue recognition criteria and other technical corrections (ASU 2016-20). Since the Company is an Emerging Growth Company “EGC”, it will adopt the standard on January 1, 2019, using the modified retrospective transition method, which may result in a cumulative-effect adjustment for deferred revenue to the opening balance sheet for 2019 and the restatement of the financial statements for all prior periods presented. The Company continues to evaluate the impact of adoption of this standard on its consolidated financial statements and disclosures. In February 2016, the FASB issued new lease accounting guidance ASU No. 2016-02, “Leases” (“ASU 2016-02”). Under the new guidance, at the commencement date, lessees will be required to recognize a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. The new guidance is not applicable for leases with a term of 12 months or less. Lessor accounting is largely unchanged. Public business entities should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses” (“ASU 2016-13”). ASU 2016-13 introduces a new model for estimating credit losses for certain types of financial instruments, including loans receivable, held-to-maturity debt securities and net investments in direct financing leases, amongst other financial instruments. ASU 2016-13 also modifies the impairment model for available-for-sale debt securities and expands the disclosure requirements regarding an entity’s assumptions, models, and methods for estimating the allowance for losses. ASU 2016-13 is effective for public business entities in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early application of the guidance permitted. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows: Clarification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”), which eliminates the diversity in practice related to the classification of certain cash receipts and payments in the statement of cash flows, by adding or clarifying guidance on eight specific cash flow issues: debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (including bank-owned life insurance policies); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is effective for annual periods beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted. ASU 2016-15 provides for retrospective application for all periods presented. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, “Income Taxes (Topic 740)” (“ASU 2016-16”), which reduces the complexity in the accounting standards by allowing the recognition of current and deferred income taxes for an intra-entity asset transfer, other than inventory, when the transfer occurs. This guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019, with early adoption permitted using a modified retrospective transition approach. The Company is currently assessing the impact of the adoption of this guidance on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805) Clarifying the Definition of a Business” (“ASU 2017-01”). The amendments in ASU 2017-01 is to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The guidance is effective for annual periods beginning after December 15, 2018, including interim periods within annual periods beginning after December 15, 2019. The Company is currently evaluating the impact of adopting this guidance. In May 2017, the FASB issued ASU 2017-09, “Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting” (“ASU 2017-09”). ASU 2017-09 provides clarity and reduces both (i) diversity in practice and (ii) cost and complexity when applying the guidance in Topic 718, Compensation-Stock Compensation, to a change to the terms or conditions of a share-based payment award. The amendments in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. ASU 2017-09 is effective for all annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. The adoption of ASU 2017-09 has no impact on the Company’s financial position or results of operations. In July 2017, the FASB issued ASU 2017-11, “Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception” (“ASU 2017-11”). ASU 2017-11 eliminates the requirement to consider “down round” features when determining whether certain equity-linked financial instruments or embedded features are indexed to an entity’s own stock. It is effective for annual periods beginning after December 31, 2018. Early adoption is permitted. The Company is currently evaluating the impact of adopting this guidance. In February 2018, the FASB issued ASU No. 2018-02, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” (“ASU 2018-02”). ASU 2018-02 allows for the reclassification of certain income tax effects related to the Tax Cuts and Jobs Act between “Accumulated other comprehensive income” and “Retained earnings.” This ASU relates to the requirement that adjustments to deferred tax liabilities and assets related to a change in tax laws or rates to be included in “Income from continuing operations”, even in situations where the related items were originally recognized in “Other comprehensive loss” (rather than in “Loss from operations”). ASU 2018-02 is effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, with early adoption permitted. Adoption of ASU 2018-02 is to be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the tax laws or rates were recognized. The Company is evaluating the effect of this guidance.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Schedule of Consolidated Financial Statement	The financial information of Jiangxi PDN Culture & Media Co., which was included in the accompanying condensed financial statements, is presented as follows: March 31, 2018 December 31, 2017 (in thousands) Cash and cash equivalents $ 1,407 1,671 Total assets $ 1,408 1,672 Total liabilities $ 1 257 (in thousands) Three Months Ended March 31, 2018 2017 Total net revenue $ - $ - Net income $ 13 $ -
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The computation of basic net loss per share for the three months ended March 31, 2018 and 2017 excludes the potentially dilutive securities summarized in the table below because their inclusion would be anti-dilutive. Three Months Ended March 31, 2018 2017 Warrants to purchase common stock 170,314 170,314 Stock options 246,564 304,064 Unvested restricted stock 15,544 2,778 432,422 477,156

Capitalized Technology (Tables)

Capitalized Technology (Tables)	3 Months Ended
	Mar. 31, 2018
Research and Development [Abstract]
Schedule of Capitalized Technology	Capitalized technology, net is as follows: March 31, 2018 December 31, 2017 Capitalized cost: Balance, beginning of period $ 2,073,905 $ 1,888,791 Additional capitalized cost 28,031 185,114 Balance, end of period $ 2,101,936 $ 2,073,905 Accumulated amortization: Balance, beginning of period $ 1,915,763 $ 1,715,423 Provision for amortization 19,047 200,340 Balance, end of period $ 1,934,810 $ 1,915,763 Capitalized Technology, net $ 167,126 $ 158,142

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2018
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Intangible Assets	Intangible assets, net is as follows: March 31, 2018 Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Long-lived intangible assets: Sales Process 10 $ 3,970,000 $ (1,395,014 ) $ 2,574,986 Paid Member Relationships 5 890,000 (625,472 ) 264,528 Member Lists 5 8,957,000 (6,294,781 ) 2,662,219 Developed Technology 3 978,000 (978,000 ) - Trade Name/Trademarks 4 480,000 (419,861 ) 60,139 Customer Relationships 5 280,000 (186,667 ) 93,333 $ 15,555,000 $ (9,899,795 ) 5,655,205 Indefinite-lived intangible assets: Trade Name 90,400 Intangible assets, net $ 5,745,605 December 31, 2017 Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Long-lived intangible assets: Sales Process 10 $ 3,970,000 $ (1,295,764 ) $ 2,674,236 Paid Member Relationships 5 890,000 (580,972 ) 309,028 Member Lists 5 8,957,000 (5,846,931 ) 3,110,069 Developed Technology 3 978,000 (978,000 ) - Trade Name/Trademarks 4 480,000 (389,861 ) 90,139 Customer Relationships 5 280,000 (172,667 ) 107,333 $ 15,555,000 $ (9,264,195 ) 6,290,805 Indefinite-lived intangible assets: Trade Name 90,400 Intangible assets, net $ 6,381,205
Schedule of Future Annual Estimated Amortization Expense	Future annual estimated amortization expense is summarized as follows: Years ending December 31, 2018 (nine months) $ 1,876,939 2019 1,898,030 2020 397,000 2021 397,000 2022 397,000 Thereafter 689,236 $ 5,655,205

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Option Activity	The following table summarizes the Company’s stock option activity for the three months ended March 31, 2018: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in Years) Aggregate Intrinsic Value Outstanding – January 1, 2018 246,564 $ 11.17 9.1 $ - Granted - - Exercised - - Forfeited/Canceled/Expired - - Outstanding – March 31, 2018 246,564 $ 11.17 8.9 $ - Exercisable – March 31, 2018 166,564 $ 11.39 8.8 $ -

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of Segment Information	The following tables present key financial information of the Company’s reportable segments as of and for the three months ended March 31, 2018 and 2017: Three Months Ended March 31, 2018 United States PDN Network NAPW Network Noble Voice China Operations Corporate Overhead Consolidated Membership fees and related services $ - $ 1,549,932 $ - $ 62,289 $ - $ 1,612,221 Lead generation - - 1,234,718 - - 1,234,718 Recruitment services 621,415 - - - - 621,415 Products sales and other - 3,657 - - - 3,657 Education and training - - - 6,471 - 6,471 Consumer advertising and marketing solutions 69,734 - - - - 69,734 Total revenues 691,149 1,553,589 1,234,718 68,760 - 3,548,216 Loss from operations (67,204 ) (766,055 ) (244,796 ) (351,117 ) (912,775 ) (2,341,947 ) Depreciation and amortization 16,987 658,433 21,589 4,341 - 701,350 Income tax expense (benefit) (8,773 ) (109,639 ) (35,036 ) - (130,638 ) (284,086 ) Net loss (52,524 ) (656,416 ) (209,760 ) (333,576 ) (782,137 ) (2,034,413 ) Capital expenditures - - - - - March 31, 2018 Goodwill $ 339,451 $ 5,250,699 $ - $ - $ - $ 5,590,150 Intangible assets, net 90,400 5,555,206 100,000 - - 5,745,606 Total assets 1,765,961 12,061,120 1,067,580 2,499,200 - 17,393,861 Three Months Ended March 31, 2017 United States PDN Network NAPW Network Noble Voice China Operations Corporate Overhead Consolidated Membership fees and related services $ - $ 2,815,496 $ - $ - $ - $ 2,815,496 Lead generation - - 1,724,167 - - 1,724,167 Recruitment services 658,544 - - - - 658,544 Products sales and other - 46,368 - - - 46,368 Education and training - - - 324,204 - 324,204 Consumer advertising and marketing solutions 65,702 - - - - 65,702 Total revenues 724,246 2,861,864 1,724,167 324,204 - 5,634,481 (Loss) income from operations (78,770 ) (1,243,301 ) (214,632 ) 46,493 (2,201,184 ) (3,691,394 ) Depreciation and amortization 46,829 739,126 49,875 - - 835,830 Income tax expense (benefit) (15,507 ) (217,205 ) (37,496 ) 52,469 (384,547 ) (602,286 ) Net loss (73,412 ) (1,026,096 ) (177,136 ) (8,300 ) (1,816,637 ) (3,101,581 ) Capital expenditures 5,554 3,814 341 31,854 - 41,563 March 31, 2017 Goodwill $ 339,451 $ 19,861,739 $ - $ - $ - $ 20,201,190 Intangible assets, net 90,400 8,136,606 239,333 - - 8,466,339 Total assets 6,503,219 30,978,114 1,968,654 514,101 - 39,964,088

Liquidity, Financial Conditio24

Liquidity, Financial Condition and Management's Plans (Details Narrative) - USD ($)	Jan. 29, 2018	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Accumulated deficit		$ (71,780,198)		$ (69,745,785)
Net loss		2,034,413	$ 3,101,581
Net cash used in operation		1,821,525	3,355,748
Cash balance		2,738,185	5,562,237	$ 3,013,927	$ 6,068,973
Revenue		3,548,216	5,634,481
Working capital deficit		1,088,000	$ 1,140,000
Sale of common stock, shares	380,295
Sale of common stock, price per share	$ 3.91
Gross proceeds from sale of stock	$ 1,486,953
China [Member]
Cash balance		$ 2,140,000

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Accounting Policies [Abstract]
Advertising and marketing expenses	$ 609,000	$ 922,300
Advertising costs

Summary of Significant Accoun26

Summary of Significant Accounting Policies - Schedule of Consolidated Financial Statement (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Cash and cash equivalents	$ 2,738,185	$ 5,562,237	$ 3,013,927	$ 6,068,973
Total assets	17,393,861	39,964,088	18,988,922
Total liabilities	7,444,411		8,687,119
Total revenues	3,548,216	5,634,481
Net income	(2,034,413)	(3,101,581)
Variable Interest Equity [Member]
Cash and cash equivalents	1,407,000		1,671,000
Total assets	1,408,000		1,672,000
Total liabilities	1,000		$ 257,000
Total revenues
Net income	$ 13,000

Summary of Significant Accoun27

Summary of Significant Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Anti-dillutive securities	432,422	477,156
Warrants To Purchase Common Stock [Member]
Anti-dillutive securities	170,314	170,314
Stock Options [Member]
Anti-dillutive securities	246,564	304,064
Unvested Restricted Stock [Member]
Anti-dillutive securities	15,544	2,778

Capitalized Technology (Details

Capitalized Technology (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Research and Development [Abstract]
Amortization expense	$ 19,047	$ 75,652	$ 200,340

Capitalized Technology - Schedu

Capitalized Technology - Schedule of Capitalized Technology (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Research and Development [Abstract]
Capitalized cost: Balance, beginning of period	$ 2,073,905	$ 1,888,791	$ 1,888,791
Capitalized cost: Additional capitalized cost	28,031		185,114
Capitalized cost: Balance, end of period	2,101,936		2,073,905
Accumulated amortization: Balance, beginning of period	1,915,763	1,715,423	1,715,423
Accumulated amortization: Provision for amortization	19,047	$ 75,652	200,340
Accumulated amortization: Balance, end of period	1,934,810		1,915,763
Capitalized Technology, net	$ 167,126		$ 158,142

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Amortization expense	$ 636,000	$ 717,100

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 15,555,000	$ 15,555,000
Accumulated Amortization	(9,899,795)	(9,264,195)
Net Carrying Amount	5,655,205	6,290,805
Indefinite-lived intangible assets: Trade Name	90,400	90,400
Intangible assets, net	$ 5,745,606	$ 6,381,206	$ 8,466,339
Sales Process [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)	10 years	10 years
Gross Carrying Amount	$ 3,970,000	$ 3,970,000
Accumulated Amortization	(1,395,014)	(1,295,764)
Net Carrying Amount	$ 2,574,986	$ 2,674,236
Paid Member Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)	5 years	5 years
Gross Carrying Amount	$ 890,000	$ 890,000
Accumulated Amortization	(625,472)	(580,972)
Net Carrying Amount	$ 264,528	$ 309,028
Member Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)	5 years	5 years
Gross Carrying Amount	$ 8,957,000	$ 8,957,000
Accumulated Amortization	(6,294,781)	(5,846,931)
Net Carrying Amount	$ 2,662,219	$ 3,110,069
Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)	3 years	3 years
Gross Carrying Amount	$ 978,000	$ 978,000
Accumulated Amortization	(978,000)	(978,000)
Net Carrying Amount
Trade Name/Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)	4 years	4 years
Gross Carrying Amount	$ 480,000	$ 480,000
Accumulated Amortization	(419,861)	(389,861)
Net Carrying Amount	$ 60,139	$ 90,139
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)	5 years	5 years
Gross Carrying Amount	$ 280,000	$ 280,000
Accumulated Amortization	(186,667)	(172,667)
Net Carrying Amount	$ 93,333	$ 107,333

Intangible Assets - Schedule 32

Intangible Assets - Schedule of Future Annual Estimated Amortization Expense (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2018 (nine months)	$ 1,876,939
2,019	1,898,030
2,020	397,000
2,021	397,000
2,022	397,000
Thereafter	689,236
Net Carrying Amount	$ 5,655,205	$ 6,290,805

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Rent expense	$ 266,000	$ 272,000
Sub lease income		$ 96,000
White Winston [Member]
Loss contingency damages sought value	2,241,958
White Winston [Member] | May 1 2018 [Member]
Litigation settlement accrual	$ 1,708,233

CFL Transaction (Details Narrat

CFL Transaction (Details Narrative) - USD ($)	Jan. 29, 2018	Jan. 13, 2017	Mar. 31, 2018	Jan. 18, 2017
Subsequent Event [Line Items]
Sale of common stock, shares	380,295
Ownership percentage			51.00%
Aegis Capital Corp [Member]
Subsequent Event [Line Items]
Placement fee			$ 144,000
Stock Purchase Agreement [Member] | Cosmic Forward Ltd [Member]
Subsequent Event [Line Items]
Equity issuance, price per share		$ 9.60
Sale of common stock, shares		312,500
Ownership percentage				54.64%
Gross proceed from issuance of common stock			3,000,000
Proceed from issuance of common stock			$ 2,821,000
Repurchase of stock for sale, shares		312,500

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income tax rate	12.30%	16.30%
Income tax benefit	$ 284,086	$ 602,286

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Jun. 26, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 88,000	$ 488,000
Warrants outstanding	170,314
Weighted average exercise price of warrants	$ 32.44
Warrants intrinsic value	$ 0
Weighted average remaining contractual life of warrants	3 years 1 month 6 days		3 years 3 months 19 days
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 324,000
Period over which compensation expense will be recognized	1 year
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 30,000	$ 28,000
Unrecognized compensation expense			$ 30,000
Period over which compensation expense will be recognized	2 months 27 days
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 plan				390,000
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 plan				615,000

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Option Activity (Details)	3 Months Ended
	Mar. 31, 2018USD ($)$ / sharesshares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of Options, Outstanding beginning balance | shares	246,564
Number of Options, Granted | shares
Number of Options, Exercised | shares
Number of Options, Forfeited or Cancelled | shares
Number of Options, Outstanding ending balance | shares	246,564
Number of Options, Exercisable | shares	166,564
Weighted Average Exercise Price, Outstanding | $ / shares	$ 11.17
Weighted Average Exercise Price, Granted | $ / shares
Weighted Average Exercise Price, Exercised | $ / shares
Weighted Average Exercise Price, Forfeited or Cancelled | $ / shares
Weighted Average Exercise Price, Outstanding | $ / shares	11.17
Weighted Average Exercise Price, Exercisable | $ / shares	$ 11.39
Weighted Average Remaining Contractual Life (in Years), Outstanding beginning	9 years 1 month 6 days
Weighted Average Remaining Contractual Life (in Years), Outstanding ending balance	8 years 10 months 25 days
Weighted Average Remaining Contractual Life (in Years), Exercisable	8 years 9 months 18 days
Average Intrinsic Value, Outstanding beginning balance | $
Average Intrinsic Value, Outstanding ending balance | $
Average Intrinsic Value, Exercisable ending balance | $

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Membership fees and related services	$ 1,612,221	$ 2,815,496
Lead generation	1,234,718	1,724,167
Recruitment services	621,415	658,544
Products sales and other	3,657	46,368
Education and training	6,471	324,204
Consumer advertising and marketing solutions	69,734	65,702
Total revenues	3,548,216	5,634,481
(Loss) income from operations	(2,341,947)	(3,691,394)
Depreciation and amortization	701,350	835,830
Income tax expense (benefit)	(284,086)	(602,286)
Net loss	(2,034,413)	(3,101,581)
Capital expenditures		41,563
Goodwill	5,590,150	20,201,190	$ 5,590,150
Intangible assets, net	5,745,606	8,466,339	6,381,206
Total assets	17,393,861	39,964,088	$ 18,988,922
PDN Network [Member]
Segment Reporting Information [Line Items]
Membership fees and related services
Lead generation
Recruitment services	621,415	658,544
Products sales and other
Education and training
Consumer advertising and marketing solutions	69,734	65,702
Total revenues	691,149	724,246
(Loss) income from operations	(67,204)	(78,770)
Depreciation and amortization	16,987	46,829
Income tax expense (benefit)	(8,773)	(15,507)
Net loss	(52,524)	(73,412)
Capital expenditures		5,554
Goodwill	339,451	339,451
Intangible assets, net	90,400	90,400
Total assets	1,765,961	6,503,219
NAPW Network [Member]
Segment Reporting Information [Line Items]
Membership fees and related services	1,549,932	2,815,496
Lead generation
Recruitment services
Products sales and other	3,657	46,368
Education and training
Consumer advertising and marketing solutions
Total revenues	1,553,589	2,861,864
(Loss) income from operations	(766,055)	(1,243,301)
Depreciation and amortization	658,433	739,126
Income tax expense (benefit)	(109,639)	(217,205)
Net loss	(656,416)	(1,026,096)
Capital expenditures		3,814
Goodwill	5,250,699	19,861,739
Intangible assets, net	5,555,206	8,136,606
Total assets	12,061,120	30,978,114
Noble Voice [Member]
Segment Reporting Information [Line Items]
Membership fees and related services
Lead generation	1,234,718	1,724,167
Recruitment services
Products sales and other
Education and training
Consumer advertising and marketing solutions
Total revenues	1,234,718	1,724,167
(Loss) income from operations	(244,796)	(214,632)
Depreciation and amortization	21,589	49,875
Income tax expense (benefit)	(35,036)	(37,496)
Net loss	(209,760)	(177,136)
Capital expenditures		341
Goodwill
Intangible assets, net	100,000	239,333
Total assets	1,067,580	1,968,654
China Operations [Member]
Segment Reporting Information [Line Items]
Membership fees and related services	62,289
Lead generation
Recruitment services
Products sales and other
Education and training	6,471	324,204
Consumer advertising and marketing solutions
Total revenues	68,760	324,204
(Loss) income from operations	(351,117)	46,493
Depreciation and amortization	4,341
Income tax expense (benefit)		52,469
Net loss	(333,576)	(8,300)
Capital expenditures		31,854
Goodwill
Intangible assets, net
Total assets	2,499,200	514,101
Corporate Overhead [Member]
Segment Reporting Information [Line Items]
Membership fees and related services
Lead generation
Recruitment services
Products sales and other
Education and training
Consumer advertising and marketing solutions
Total revenues
(Loss) income from operations	(912,775)	(2,201,184)
Depreciation and amortization
Income tax expense (benefit)	(130,638)	(384,547)
Net loss	(782,137)	(1,816,637)
Capital expenditures
Goodwill
Intangible assets, net
Total assets

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - $ / shares	Apr. 19, 2018	Mar. 31, 2018
Subsequent Event [Line Items]
Number of options granted
Options exercisable price per share		$ 11.39
Subsequent Event [Member]
Subsequent Event [Line Items]
Options vesting description	The options issued to the executives will vest in accordance with the following schedule: (i) 1/3 of the shares underlying the option will vest immediately on the Effective Date, (ii) 1/3 of the shares underlying the option will vest on the one-year anniversary of the Effective Date, and (iii) 1/3 of the shares underlying the option will vest on the two-year anniversary of the Effective Date.
Options exercisable price per share	$ 2.82
Subsequent Event [Member] | Mr. Jim Kirsch [Member]
Subsequent Event [Line Items]
Number of options granted	75,000
Subsequent Event [Member] | Mr. James Song [Member]
Subsequent Event [Line Items]
Number of options granted	75,000
Subsequent Event [Member] | Mr. Michael Wang [Member]
Subsequent Event [Line Items]
Number of options granted	70,000
Subsequent Event [Member] | Mr. Gray Xiao [Member]
Subsequent Event [Line Items]
Number of options granted	30,000
Subsequent Event [Member] | Mr. Gray Xiao [Member] | 2013 Equity Compensation Plan [Member]
Subsequent Event [Line Items]
Number of restricted shares issued	5,000
Options vesting date	Apr. 19, 2019
Subsequent Event [Member] | Non Employee Director [Member] | Restricted Stock Units (RSUs) [Member]
Subsequent Event [Line Items]
Number of restricted shares issued	8,865
Options vesting date	Apr. 19, 2019
Grant date fair value	$ 2.82