Professional Diversity Network (IPDN) 10-Q 19 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 18, 2019
Document And Entity Information
Entity Registrant Name	Professional Diversity Network, Inc.
Entity Central Index Key	0001546296
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,934,168
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents (Amounts related to variable interest entity of $109.373 and $683,043 as of September 30, 2019 and December 31, 2018, respectively)	$ 4,861,607	$ 1,441,607
Accounts receivable, net	550,885	816,698
Incremental direct costs	31,274	20,797
Prepaid expenses and other current assets	360,069	350,906
Current assets from discontinued operations	1,151	126,270
Total current assets	5,804,986	2,756,278
Property and equipment, net	47,946	83,608
Capitalized technology, net	121,298	194,833
Goodwill	1,823,320	339,451
Intangible assets, net	471,437	1,020,942
Right-of-use assets	179,589
Merchant reserve	760,849	760,849
Security deposits	87,271	82,139
Total assets	9,296,696	5,238,100
Current Liabilities:
Accounts payable	832,974	1,843,688
Accrued expenses	1,019,459	989,626
Deferred revenue	1,550,405	2,460,436
Customer deposits	79
Short-term loan	279,916
Note Payable - related party		500,000
Lease liability, current portion	189,547
Stocks to be issued liability	1,153,988
Other current liabilities	421,895
Current liabilities from discontinued operations	207,905	346,528
Total current liabilities	5,656,168	6,140,278
Deferred tax liability	82,081	194,786
Deferred rent		13,742
Other liabilities		82
Lease liability, non-current portion	536
Total liabilities	5,738,785	6,348,888
Commitments and contingencies
Stockholders' Equity
Common stock, $0.01 par value; 45,000,000 shares authorized; 8,920,573 shares and 4,856,213 shares issued as of September 30, 2019 and December 31, 2018, respectively; and 8,919,525 shares and 4,855,165 shares outstanding as of September 30, 2019 and December 31, 2018, respectively	89,206	48,562
Additional paid in capital	91,082,200	83,728,903
Accumulated other comprehensive loss	(38,246)	(24,340)
Accumulated deficit	(87,534,409)	(84,826,796)
Treasury stock, at cost; 1,048 shares at September 30, 2019 and December 31, 2018	(37,117)	(37,117)
Total stockholders' equity - Professional Diversity Network, Inc.	3,561,634	(1,110,788)
Non-controlling interest	(3,723)
Total stockholders' equity	3,557,911	(1,110,788)
Total liabilities and stockholders' equity	$ 9,296,696	$ 5,238,100

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Amount related to variable interest entity	$ 109,373	$ 683,043
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	45,000,000	45,000,000
Common stock, shares issued	8,920,573	4,856,213
Common stock, shares outstanding	8,919,525	4,855,165
Treasury stock, shares	1,048	1,048

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Total revenues	$ 1,348,016	$ 1,894,622	$ 4,020,760	$ 6,326,703
Costs and expenses:
Cost of revenues	271,373	291,685	698,906	917,429
Sales and marketing	575,411	977,148	1,894,959	3,093,798
General and administrative	1,389,715	1,786,408	4,190,035	6,202,087
Litigation settlement		342,472		342,472
Impairment expense		5,250,699		5,250,699
Depreciation and amortization	220,680	650,103	663,643	1,989,125
Total costs and expenses	2,457,179	9,298,515	7,447,543	17,795,610
Loss from operations	(1,109,163)	(7,403,893)	(3,426,783)	(11,468,907)
Other (expense) income
Interest expense		29,549	(14,182)	29,549
Interest and other income		(4,368)	376,068	299
Change in fair value of stock to be issued	219,807		219,807
Other finance costs	4,705		5,966	22,558
Other (expense) income, net	224,512	25,181	587,659	52,406
Loss before income tax benefit	(884,651)	(7,378,712)	(2,839,124)	(11,416,501)
Income tax benefit	(45,458)	(189,950)	(112,733)	(562,415)
Loss from continuing operations	(839,193)	(7,188,762)	(2,726,391)	(10,854,086)
Income (loss) from discontinued operations (net of tax expense of $3,897, and $25,514, in the three months ended September 30, 2019 and 2018, respectively, and net of tax expense of $1,111, and tax benefit of $24,980, in the nine months ended September 30, 2019 and 2018, respectively)	62,182	(40,735)	18,777	(425,258)
Net loss	(777,011)	(7,229,497)	(2,707,614)	(11,279,344)
Other comprehensive loss:	(777,011)	(7,229,497)	(2,707,614)	(11,279,344)
Foreign currency translation adjustment	(27,592)	(28,480)	(13,906)	(42,231)
Comprehensive loss	$ (804,603)	$ (7,257,977)	$ (2,721,520)	$ (11,321,575)
Basic and diluted loss per share:
Continuing operations	$ (0.12)	$ (1.48)	$ (0.47)	$ (2.42)
Discontinued operations	0.01	(0.01)	0	(0.09)
Net loss	$ (0.11)	$ (1.49)	$ (0.47)	$ (2.51)
Weighted average shares used in computing net loss per common share:
Basic and diluted	6,984,506	4,856,044	5,746,408	4,485,358
Membership Fees and Related Services [Member]
Revenues:
Total revenues	$ 515,796	$ 1,112,042	$ 1,950,623	$ 4,059,989
Recruitment Services [Member]
Revenues:
Total revenues	790,488	705,040	1,915,794	2,018,832
Product Sales and Other [Member]
Revenues:
Total revenues	1,053	3,180	5,008	13,197
Education and Training [Member]
Revenues:
Total revenues	6,610		41,491	16,048
Consumer Advertising and Marketing Solutions [Member]
Revenues:
Total revenues	$ 34,069	$ 74,360	$ 107,844	$ 218,637

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Tax expense (benefit), amount	$ 3,897	$ 25,514	$ 1,111	$ 24,980

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid In Capital [Member]	Accumulated Deficit [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Non-Controlling Interest [Member]	Total
Beginning balance at Dec. 31, 2017	$ 39,639	$ 80,016,218	$ (69,745,785)	$ (37,117)	$ 28,848		$ 10,301,803
Beginning balance, shares at Dec. 31, 2017	3,963,864			1,048
Issuance of common stock	$ 3,803	1,483,151					1,486,954
Issuance of common stock, shares	380,295
Translation adjustments					76,708		76,708
Stock-based compensation		118,398					118,398
Net loss			(2,034,413)				(2,034,413)
Ending balance at Mar. 31, 2018	$ 43,442	81,617,767	(71,780,198)	$ (37,117)	105,556		9,949,450
Ending balance, shares at Mar. 31, 2018	4,344,159			1,048
Beginning balance at Dec. 31, 2017	$ 39,639	80,016,218	(69,745,785)	$ (37,117)	28,848		10,301,803
Beginning balance, shares at Dec. 31, 2017	3,963,864			1,048
Net loss							(11,279,344)
Ending balance at Sep. 30, 2018	$ 48,562	83,566,225	(81,025,129)	$ (37,117)	(13,383)		2,539,158
Ending balance, shares at Sep. 30, 2018	4,856,213			1,048
Beginning balance at Mar. 31, 2018	$ 43,442	81,617,767	(71,780,198)	$ (37,117)	105,556		9,949,450
Beginning balance, shares at Mar. 31, 2018	4,344,159			1,048
Issuance of common stock	$ 4,965	1,429,949					1,434,914
Issuance of common stock, shares	496,510
Translation adjustments					(90,459)		(90,459)
Stock-based compensation		347,412					347,412
Net loss			(2,015,434)				(2,015,434)
Ending balance at Jun. 30, 2018	$ 48,407	83,395,128	(73,795,632)	$ (37,117)	15,097		9,625,883
Ending balance, shares at Jun. 30, 2018	4,840,669			1,048
Issuance of common stock	$ 155	(155)
Issuance of common stock, shares	15,544
Translation adjustments					(28,480)		(28,480)
Stock-based compensation		171,252					171,252
Net loss			(7,229,497)				(7,229,497)
Ending balance at Sep. 30, 2018	$ 48,562	83,566,225	(81,025,129)	$ (37,117)	(13,383)		2,539,158
Ending balance, shares at Sep. 30, 2018	4,856,213			1,048
Beginning balance at Dec. 31, 2018	$ 48,562	83,728,904	(84,826,797)	$ (37,117)	(24,340)		(1,110,788)
Beginning balance, shares at Dec. 31, 2018	4,856,213			1,048
Issuance of common stock	$ 2,040	370,855					372,895
Issuance of common stock, shares	203,963
Translation adjustments					23,035		23,035
Stock-based compensation		8,289					8,289
Net loss			(1,159,369)				(1,159,369)
Ending balance at Mar. 31, 2019	$ 50,602	84,108,048	(85,986,166)	$ (37,117)	(1,305)		(1,865,938)
Ending balance, shares at Mar. 31, 2019	5,060,176			1,048
Beginning balance at Dec. 31, 2018	$ 48,562	83,728,904	(84,826,797)	$ (37,117)	(24,340)		(1,110,788)
Beginning balance, shares at Dec. 31, 2018	4,856,213			1,048
Net loss							(2,707,614)
Ending balance at Sep. 30, 2019	$ 89,206	91,082,200	(87,534,414)	$ (37,117)	(38,246)	(3,723)	3,557,911
Ending balance, shares at Sep. 30, 2019	8,920,573			1,048
Beginning balance at Mar. 31, 2019	$ 50,602	84,108,048	(85,986,166)	$ (37,117)	(1,305)		(1,865,938)
Beginning balance, shares at Mar. 31, 2019	5,060,176			1,048
Issuance of common stock	$ 5,331	1,219,590					1,224,921
Issuance of common stock, shares	533,068
Translation adjustments					(9,349)		(9,349)
Stock-based compensation		90,400					90,400
Conversion of note payable	$ 2,092	497,908					500,000
Conversion of note payable, shares	209,205
Issuance of common stock for settlement of accounts payable	$ 306	98,664					98,970
Issuance of common stock for settlement of accounts payable, shares	30,640
Issuance of vested restricted shares	$ 278	(278)
Issuance of vested restricted shares, shares	27,761
Net loss			(771,234)				(771,234)
Ending balance at Jun. 30, 2019	$ 58,608	86,014,332	(86,757,400)	$ (37,117)	(10,654)		(732,231)
Ending balance, shares at Jun. 30, 2019	5,860,850			1,048
Issuance of common stock	$ 30,525	4,986,588					5,017,113
Issuance of common stock, shares	3,052,456
Translation adjustments					(27,592)		(27,592)
Stock-based compensation		85,227					85,227
Issuance of vested restricted shares	$ 73	(72)					0
Issuance of vested restricted shares, shares	7,267
Acquisition of Zhili and Angyue		(3,875)				(3,723)	(7,598)
Net loss			(777,014)				(777,011)
Ending balance at Sep. 30, 2019	$ 89,206	$ 91,082,200	$ (87,534,414)	$ (37,117)	$ (38,246)	$ (3,723)	$ 3,557,911
Ending balance, shares at Sep. 30, 2019	8,920,573			1,048

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Loss from continuing operations	$ (2,726,391)	$ (10,854,086)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities - continuing operations:
Depreciation and amortization	663,644	1,989,125
Deferred tax expense (benefit)	(117,430)	(374,537)
Amortization of right-of-use asset	257,127
Accretion of lease liability	12,325
Impairment expense		5,250,699
Stock-based compensation expense	183,916	637,062
Change in fair value of stock to be issued	(219,807)
Provision for (recovery of) bad debt	(129,203)	20,000
Write off of security deposit		149,292
Write off of accounts payable	(375,997)
Write-off of property and equipment	1,385	51,804
Payment of lease obligations	(269,721)
Changes in operating assets and liabilities, net of effects of discontinued operations:
Accounts receivable	391,358	354,408
Prepaid expenses and other current assets	(12,704)	11,033
Incremental direct costs	(10,477)	124,134
Accounts payable	(488,419)	345,575
Accrued expenses	2,758	(332,578)
Deferred revenue	(782,523)	(1,553,245)
Deferred rent		(10,282)
Customer deposits		(32)
Other liabilities	195,809	(36,969)
Net cash used in operating activities - continuing operations	(3,424,350)	(4,228,697)
Net cash provided by (used in) operating activities - discontinued operations	2,486	17,793
Net cash used in operating activities	(3,421,864)	(4,210,804)
Cash flows from investing activities:
Cash received from acquisition	7,044
Costs incurred to develop technology	(2,499)	(89,006)
Purchases of property and equipment	2,523	(7,206)
Security deposit	(7,879)
Net cash (used in) provided by investing activities - continuing operations	(811)	(96,213)
Net cash provided by investing activities - discontinued operations		200,000
Net cash provided by (used in) investing activities	(811)	103,787
Cash flows from financing activities:
Proceeds from the sales of common stock	6,614,928	2,921,868
Proceeds from short-term loan	279,916
Proceeds from short-term loan - related party	400,000
Repayment of short-term loan - related party	(400,000)
Proceeds from line of credit - related party	(292,882)
Repayment of line of credit - related party	292,882
Net cash provided by financing activities	6,894,844	2,921,868
Effect of exchange rate fluctuations on cash and cash equivalents	(52,169)	(87,791)
Net decrease in cash and cash equivalents	3,420,000	(1,272,940)
Cash and cash equivalents, beginning of period	1,441,607	2,926,088
Cash and cash equivalents, end of period	4,861,607	1,653,148
Supplemental disclosures of other cash flow information:
Cash paid for interest	18,819
Cash paid for income taxes	$ 8,594	$ 67,954

Description of Business

Description of Business	9 Months Ended
	Sep. 30, 2019
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”), PDN (Hong Kong) International Education Ltd, PDN (Hong Kong) International Education Information Co., Ltd, and PDN (China) International Culture Development Co. Ltd, 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 our 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 were the sole shareholder; and have an exclusive option to purchase all of the equity interests in the VIE. Please refer to Note 3 for more details about the VIE. 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 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. 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. In 2019, PDN China will focus on developing the education business while continuing to grow the Business Club and IAW China segments. There are two segments under the education business: Vocational education program with foreign countries Essential-qualities oriented education for elementary and junior high school students In June of 2019, the Company established Kids Enrichment Academy Ltd.(“KEA”) in Beijing through Jianxi PDN Culture Media Co. Ltd, a VIE structured subsidiary, which will offer after-school and online education programs for primary and secondary schools in China. Through a combination of online and offline experience, KEA will create a variety of programs including science education, STEAM education (an educational approach to learning that uses Science, Technology, Engineering, the Arts and Mathematics as access points for guiding student inquiry, dialogue, and critical thinking), mental health education, etc. On September 17, 2019, Jiangxi PDN Culture Media Co., Ltd. (“Jiangxi PDN”), a company established under the laws of the People’s Republic of China and a variable interest entity (VIE) controlled by Professional Diversity Network, Inc. (“PDN”), entered into an Agreement of Acquisition and Equity Transfer ‎(the “Agreement”) with Guangzhou Zengcheng District Zhili Education Training Center‎, a nonprofit private enterprise established under the laws of the Peoples’ Republic of China (“Zhili”), Guangzhou Angyue Education Consulting Company Limited, a limited liability company established under the laws of the Peoples’ Republic of China (“Angyue”, and together with Zhili, the “Target Companies”) and their respective shareholders and controlling persons (the “Sellers”). The Agreement was subsequently amended on September 21, 2019. One of the Sellers, Ms. Yuman Hu, will hold the remaining 49% and will be responsible for the day-to-day management of the Target Companies. The Target Companies specialize in designing well-rounded curriculums that focus on essential-qualities oriented education (EQOE) for elementary and junior high school students. The program integrates with traditional performance-oriented education to activate and nourish the overall development of children and young adults. With the strong support from the Chinese government on EQOE, the acquisition bolsters PDN China’s efforts to dominate this segment in China market. On May 25, 2018, the Company sold Noble Voice assets to a long-time customer of the Company and exited the business segment conducted by Noble Voice. The Noble Voice and Compliant Lead legal entities were terminated in August of 2019. There will be no further assets or liabilities associated with these entities. See Note 3 for additional information.

Going Concern and Management's

Going Concern and Management's Plans	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern and Management's Plans	2. Going Concern and Management’s Plans At September 30, 2019 the Company’s principal sources of liquidity were its cash and cash equivalents and the net proceeds from the sales of shares of common stock in the first nine months of 2019. The Company had an accumulated deficit of approximately $87,534,000 at September 30, 2019. During the nine months ended September 30, 2019, the Company generated a net loss from continuing operations of approximately $2,726,000, used cash in continuing operations of approximately $3,424,000, and the Company expects that it will continue to generate operating losses for the foreseeable future. At September 30, 2019, the Company had a cash balance of approximately $4,862,000. Total revenues were approximately $1,348,000 and $1,895,000 for the three months ended September 30, 2019 and 2018, respectively, and approximately $4,021,000 and $6,327,000 for the nine months ended September 30, 2019 and 2018, respectively. The Company had working capital of approximately $149,000 and working capital deficit of $3,384,000 at September 30, 2019 and December 31, 2018, respectively. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. In order to alleviate the substantial doubt, the Company has approved and undertaken several measures. The Company is closely monitoring operating costs and capital requirements. Management of the Company also made efforts in 2018 and first three quarters of 2019 to contain and reduce cost, including implementing a 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, and replacing and negotiating with certain vendors. We also sold our Noble Voice business on May 25, 2018 to reduce operating losses and cash burns. If we are still not successful in sufficiently reducing our costs, we may then need to dispose our other assets or discontinue business lines. On November 5, 2018, the Company entered into a $500,000 convertible note (the “Note”) with GNet Tech Holdings Public Limited Company (the “GNet”) in London, whose majority shareholder is also a shareholder of the Company’s largest shareholder, Cosmic Forward Limited (“CFL”), with a simple rate of 6% per annum interest. On June 14, 2019, the Company issued 209,205 shares to convert the principal of this Note. As a result, the Note has been satisfied and is no longer outstanding. From January 9, 2019 to August 15, 2019, the Company sold an aggregate of 248,104 shares of its common stock at a purchase price ranging from $1.146 to $3.96 per share, representing 120% of the closing price the trading day immediately prior to the date of subscription. As of the date of this annual report, the Company has received an aggregate gross proceeds of $514,928 under this private placement. All of the purchasers are residents of the People’s Republic of China. On August 5, 2019, the Company entered into a Stock Purchase Agreement with one purchaser Ms. Yingling Wu (the “Purchaser Wu”), pursuant to which the Purchaser Wu agreed to purchase 1,142,857 shares (the “Shares”) of the Company’s common stock for $1.75 per share for gross proceeds of $2,000,000 (the “Purchase Price”). This transaction was closed on August 6, 2019. On September 5 and 9, 2019, the Company entered into Stock Purchase Agreements with Ms. Yao Wei Ling, an individual and a resident of the People’s Republic of China (“Yao”), in connection with the purchase by Yao of 442,830 shares of common stock of the Company (collectively the “Yao Shares”), Mr. Gao Yin Chun, an individual and a resident of the People’s Republic of China (“Gao”), in connection with the purchase by Gao of 189,873 shares of common stock of the Company (collectively the “Gao Shares”), and EGBT Foundation Ltd., a Singapore public company limited by guarantee (“EGBT”), in connection with the purchase by EGBT of 1,265,823 shares of common stock of the Company (collectively the “EGBT Shares”, and together with Yao Shares and Gao Shares, the “Shares”. These transactions occurred at a price of $1.58 per share for gross proceeds of $699,673, $300,000, and $2,000,000, respectively. The closing of the transactions with Yao and Gao took place on September 10, 2019. The closing of the EGBT transaction took place on September 30, 2019. On November 15, 2019, an existing shareholder, CFL, purchased an additional 1,142,857 shares of the Company’s Common Stock at a price of $1.75 per share from an existing shareholder. This increases their total ownership stake to 38.5% of the total outstanding, issued shares of the Company. Management believes that its available funds and cash flow from operations may not be sufficient to meet our working capital requirements for the twelve months subsequent to the issuance of our financial statements. In order to accomplish its business plan objectives, the Company will need to either raise capital by issuance of stock, or utilize the $2,000,000 revolving credit facility with GNet, or strategic merge and acquisitions. Management believes that it will be successful in obtaining additional financing based on its limited history of raising funds; However, there can be no assurances that our business plans and actions will be successful, that we will generate anticipated revenues, or that unforeseen circumstances will not require additional funding sources in the future or effectuate plans to conserve liquidity. Future efforts to raise additional funds may not be successful or they may not be available on acceptable terms, if at all. In addition, due to China’s foreign currency control, the Company cannot move money between China and the USA 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 strictly. We need to get approval from Chinese government to move money from China to the U.S. which might take extra time. As of September 30, 2019 we had a $3,304,000 cash balance in China.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
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, 2018 as filed with the SEC on April 15, 2019 (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, 2018 and 2017. The financial information as of December 31, 2018 is derived from the audited financial statements presented in the Annual Report. The interim results for the three months ended September 30, 2019 are not necessarily indicative of the results to be expected for the year ending December 31, 2019 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 – 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: September 30, 2019 December 31, 2018 (in thousands) Cash and cash equivalents $ 109 683 Total assets $ 1,352 1,180 Total liabilities $ 335 65 Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 (in thousands) (in thousands) Total net revenue $ 7 $ - $ 41 $ - Net loss $ (74 ) $ (23 ) $ (149 ) $ (132 ) 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. 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 – Deferred revenue includes customer deposits received prior to performing services which are recognized as revenue when revenue recognition criteria are met, and membership fees for annual memberships that are collected at the time of enrollment and are recognized as revenue ratably over the 12 month membership period. 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, National Urban League and over 20 other partner organizations ● OFCCP job promotion and recordation services ● Diversity job fairs, both in person and virtual fairs ● Diversity recruitment job advertising services ● Cost per application, a service that employers can purchase whereby PDN sources qualified candidates and charges only for those applicants who meet the employers’ minimum qualifications ● 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. Discontinued Operations On May 25, 2018, the Company sold Noble Voice to a long-time customer of the Company and exited the business segment previously conducted by Noble Voice. The sales included all property, equipment, intangible assets, and other long-term assets. The Company retained cash, receivables, payables, and other current and non-current assets and liabilities. The purchase price was $200,000 and the gain on the transaction was approximately $64,000. All historical operating results for Noble Voice are included in a loss from discontinued operations, net of tax, in the accompanying consolidated statement of operations. During the three months ended September 30, 2019, income from discontinued operations was $62,000, net of tax expense of $4,000, compared to a loss of $41,000, net of tax expense of $26,000 during same period in the prior year. During nine months ended September 30, 2019, income from discontinued operations was $19,000, net of tax expense of $1,000, compared to a loss of $425,000, net of tax benefit of $25,000 during same period in the prior year. Assets and liabilities that the Company retained, which were previously reported in the Noble Voice operating segment, are now included in current assets from discontinued operations, and current liabilities from discontinued operations. As of September 30, 2019, the current assets from discontinued operations were $1,000, compared to $126,000 as of December 31, 2018. As of September 30, 2019, current liabilities from discontinued operations were $208,000 compared to $347,000 as of December 31, 2018. Advertising and Marketing Expenses – Net Loss per Share – As of September 30, 2019 2018 Warrants to purchase common stock 125,000 170,314 Stock options 319,126 499,439 Unvested Restricted stock units 54,440 42,727 Unvested restricted stock - 9,886 Total dilutive securities 498,566 722,366 Recently Adopted Accounting Pronouncements In February 2016, the FASB issued new lease accounting guidance ASU No. 2016-02, “Leases” (“ASU 2016-02”), as amended by ASU 2018-10, “Codification Improvements to Topic 842, Leases” and ASU 2018-11, “Leases (Topic 842): Targeted Improvements.” 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. ASC 842 was previously required to be adopted using the modified retrospective approach. However, in July 2018, the FASB issued ASU 2018-11, which allows for retrospective application with the recognition of a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Under this option, entities would not need to apply ASC 842 (along with its disclosure requirements) to the comparative prior periods presented. Management expects that most of its operating leases (primarily office space) will be recognized as operating lease liabilities and right of use assets on its consolidated balance sheet. The Company has elected to adopt certain of the optional practical expedients, including the package of practical expedients, which, among other things, gives the option to not reassess: 1) whether expired or existing contracts are or contain leases; 2) the lease classification for expired or existing leases; and 3) initial direct costs for existing leases. The Company adopted ASC 842, effective January 1, 2019. As of September 30, 2019, right of use assets were $180,000, current lease obligations were $190,000, and non-current lease obligations were $1,000. During the three and nine months ended September 30, 2019, the Company recorded lease amortization expense of $85,000 and $257,000, respectively, which is continued to be classified in general and administrative expense in the condensed consolidated statements of operations and comprehensive loss.

Capitalized Technology

Capitalized Technology	9 Months Ended
	Sep. 30, 2019
Research and Development [Abstract]
Capitalized Technology	4. Capitalized Technology Capitalized technology, net is as follows: September 30, 2019 December 31, 2018 Capitalized cost: Balance, beginning of period $ 2,163,044 $ 2,043,122 Additional capitalized cost 2,500 119,922 Balance, end of period $ 2,165,544 $ 2,163,044 Accumulated amortization: Balance, beginning of period $ 1,968,213 $ 1,889,741 Provision for amortization 76,033 78,470 Balance, end of period $ 2,044,246 $ 1,968,211 Capitalized Technology, net $ 121,298 $ 194,833 Amortization expense of approximately $25,000 and $21,000 for the three months ended September 30, 2019 and 2018, respectively, and approximately $76,000 and $55,000 for the nine months ended September 30, 2019 and 2018, respectively, is recorded in depreciation and amortization expenses in the accompanying condensed consolidated statements of operations and comprehensive loss.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2019
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	5. Intangible Assets Intangible assets, net is as follows: September 30, 2019 Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Long-lived intangible assets: Sales Process 10 $ 2,130,956 $ (1,749,919 ) $ 381,037 Paid Member Relationships 5 803,472 (803,472 ) - Member Lists 5 8,086,181 (8,086,181 ) - Developed Technology 3 648,000 (648,000 ) - Trade Name/Trademarks 4 440,000 (440,000 ) - $ 12,108,609 $ (11,272,572 ) 381,037 Indefinite-lived intangible assets: Trade Name 90,400 Intangible assets, net $ 471,437 December 31, 2018 Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Long-lived intangible assets: Sales Process 10 $ 2,130,956 $ (1,692,764 ) $ 438,192 Paid Member Relationships 5 803,472 (758,972 ) 44,500 Member Lists 5 8,086,181 (7,638,331 ) 447,850 Developed Technology 3 648,000 (648,000 ) - Trade Name/Trademarks 4 440,000 (440,000 ) - $ 12,108,609 $ (11,178,067 ) 930,542 Indefinite-lived intangible assets: Trade Name 90,400 Intangible assets, net $ 1,020,942 Future annual estimated amortization expense is summarized as follows: Years ending December 31, 2019 16,567 2020 66,267 2021 66,267 2022 66,267 Thereafter 165,669 $ 381,037 Amortization expense of $183,000 and $618,000 for the three months ended September 30, 2019 and 2018, respectively, and $550,000 and $1,866,000 for the nine months ended September 30, 2019 and 2018, respectively, is recorded in depreciation and amortization expense in the accompanying condensed consolidated statements of operations and comprehensive loss.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	6. Related Party Transactions Note Payable On November 5, 2018, the Company entered into a note purchase agreement (the “Note Purchase Agreement”) with GNet Tech Holdings Public Limited Company (the “GNet Tech”), a related party through one of the Company’s shareholders, Cosmic Forward Limited (“CFL”), pursuant to which the Company issued to GNet Tech a $500,000 convertible promissory note with an interest rate of 6% per annum (the “Note”). The Note shall mature six months after the date of issuance (the “Maturity Date”). Pursuant to the Note Purchase Agreement and the Note, at any time on or after the Maturity Date, at the election of the note holder, the Note will convert into the Company’s common stock (the “Common Stock”) at a conversion price of the lower of (i) the closing price of the Common Stock on NASDAQ immediately preceding the date of issuance or the date of conversion, as applicable, or (ii) the average closing price of the Common Stock on NASDAQ for the five trading days immediately preceding the date of issuance or the date of conversion, as applicable (the “Minimum Price”). However, in no event shall the conversion price be less than the Minimum Price on the date of issuance. The issuance of the Note is exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, as a transaction not involving a public offering. On April 30, 2019, the Company amended a note purchase agreement from November 5, 2018 with GNet Tech Holdings Public Limited Company (the “GNet Tech”), a related party through one of the Company’s shareholders, Cosmic Forward Limited (“CFL”), pursuant to which maturity of the $500,000 convertible promissory note. On June 14, 2019, the Company issued 209,205 shares to convert, and as a result the Note has been satisfied and is no longer outstanding. Revolving Credit Facility On November 16, 2018, the Company entered into a revolving credit facility agreement with GNet Tech Holdings Public Limited Company (GNet), “), that matures on May 31, 2020, under which we can draw up to GBP £1,500,000 (approximately $2,000,000). Interest is payable on any outstanding principal balance at a rate equal to the LIBOR rate plus 4%. Amounts drawn under this facility are payable at the end of one, three, or six months periods at the election of the Company. On January 14, 2019, the Company drew $293,000 under this facility and repaid it on June 7, 2019. At September 30, 2019, the Company did not have any outstanding debt under this facility. At November 18, 2019, approximately $2,000,000 was available for us to draw.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	7. Commitments and Contingencies Lease Obligations – The Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 842, effective January 1, 2019. Under the new guidance, at the commencement date, lessees are 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. ASC 842 was previously required to be adopted using the modified retrospective approach. However, in July 2018, the FASB issued ASU 2018-11, which allows for retrospective application with the recognition of a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Under this option, entities would not need to apply ASC 842 (along with its disclosure requirements) to the comparative prior periods presented. As of September 30, 2019, right of use assets were $180,000, current lease obligations were $190,000, and non-current lease obligations were $1,000. Short-term Loan On July 24, 2019, our China Operations entered into an enterprise loan agreement with Guangzhou Zhongtianshengxiang Technology in amount of RMB 2,000,000 (approximately $280,000), payable by July 16, 2020. Interest at a rate of 5% per annum is payable at the end of the loan term. During the quarter ended September 30, 2019, The Company recorded lease amortization expense of $85,000 which is continued to be classified in general and administrative expense in the condensed consolidated statements of operations and comprehensive loss. Total lease expense, including lease amortization, of approximately $136,000 and $87,000 for the three months ended September 30, 2019 and 2018, respectively, and $351,000 and $495,000 for the nine months ended September 30, 2019 and 2018, respectively, is included in general and administrative expense in the condensed consolidated statements of operations and comprehensive loss. Legal Proceedings In a letter dated October 12, 2017, White Winston Select Asset Funds (“White Winston”) ‎threatened to assert claims against the Company in excess of $2 million based on White ‎Winston’s contention that the Company’s conduct delayed White Winston’s ability to sell ‎shares in the Company during a period when the Company’s stock price was generally ‎falling. On April 30, 2018, White Winston filed a lawsuit, entitled White Winston Select ‎Asset Funds, LLC, No. 18-cv-10844, (the “Federal Action”) in the United States District ‎Court for the District of Massachusetts, asserting federal jurisdiction based on diversity ‎of citizenship. The four-count complaint in the Federal Action alleged that White ‎Winston is entitled to recover compensatory damages of $1,708,233, plus attorneys’ fees, ‎treble damages and other amounts. White Winston served the complaint on July 12, 2018, ‎and the Company moved to dismiss the entire action for failure to state a claim. On ‎October 15, 2018, prior to addressing the motion to dismiss, the Court issued an order ‎noting that White Winston (which is a limited liability company) had failed to allege the ‎citizenship of its members and ordered White Winston to show cause that complete diversity exists between the parties and that the Court had jurisdiction. On ‎October 23, 2018, White Winston dismissed the Federal Action without prejudice. On ‎December 18, 2018, White Winston filed a complaint in Massachusetts Superior Court in ‎Suffolk County in Boston alleging the same claims and rights to relief as in the Federal ‎Action. The Company again moved to dismiss the complaint in its entirety for failure to ‎state a claim. The Court heard the motion on May 29, 2019 issued a written order on May ‎‎30, 2019 denying the motion. On July 10, 2019, the Court held a Rule 16 conference, ‎following which it set a case management schedule. Fact discovery has now commenced. ‎The Company denies liability for all claims.‎ NAPW is a defendant in a Nassau County (NY) Supreme Court case, whereby TL Franklin Avenue Plaza LLC has sued NAPW with respect to NAPW’s former Garden City NY Premises. NAPW had surrendered the Premises to the Landlord, and the Landlord is suing NAPW for the balance of the rent due under the Lease Term – which term is less than one year remaining. The case is currently being litigated, summary judgment was rendered for the plaintiff and only the calculation of damages remains in this litigation. The Company and its wholly-owned subsidiary, NAPW, Inc., are parties to a proceeding captioned Deborah Bayne, et al. vs. NAPW, Inc. and Professional Diversity Network, Inc., No. 18-cv-3591 (E.D.N.Y.), filed in June of 2018 and alleging violations of the Fair Labor Standards Act and certain provisions of the New York Labor Law. The Company disputes that it or its subsidiary violated the applicable laws or that either entity has any liability and intends to vigorously defend against these claims. The matter is in the final stages of discovery. The potential financial impact on the Company is inherently uncertain at this point. The Company was named in a state court action in Miami-Dade County, No. 2019-014773-CA-01 by Local Staffing, LLC (“Local Staffing”) vs. Professional Diversity Network, Inc. on alleged breach of contract and account stated claims. The Company disputes liability, but has entered into a confidential settlement agreement and parties agreed to dismiss the case. The order dismissing this case has now been entered. 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.

Employment Agreements

Employment Agreements	9 Months Ended
	Sep. 30, 2019
Employment Agreements
Employment Agreements	8. Employment Agreements On March 11, 2019 (the “He Effective Date”), the Company entered into an employment agreement (the “He Employment Agreement”) with Mr. Xin (Adam) He, which He Employment Agreement continues until terminated in writing by either party or earlier terminated pursuant to the provisions of the He Employment Agreement. Under the He Employment Agreement, Mr. He will serve as the Company’s Chief Financial Officer, and receive an annual base salary of $200,000, subject to adjustment in the sole discretion of the Board or the Compensation Committee of the Board; provided however, that such annual base salary may not be decreased during Mr. He’s employment period. Mr. He will be eligible to receive an annual incentive bonus in an amount equal to up to fifty percent (50%) of his base salary, based upon the achievement of one or more performance goals, targets, measurements and other factors, established for such year by the Compensation Committee. Mr. He will also participate in all benefit plans and programs, subject to certain conditions and exceptions, as are generally provided by the Company to its other senior executive employees. Under the terms of the He Employment Agreement, Mr. He is subject to non-solicitation, non-competition and non-interference restrictive covenants during his employment and for the 12-month period following his last day of employment with the Company. The He Employment Agreement also contains customary confidentiality, work product and return of Company property covenants. In addition, Mr. He is entitled to severance pay if he is terminated without “cause” or resigns for “good reason,” each as defined in the He Employment Agreement. Upon such termination, Mr. He will be entitled to receive an amount equal to 30 days of his base salary, any earned but unpaid bonus for the year prior to the year of termination, and the pro rata portion of any bonus earned for the year in which termination occurs, as well as continuation of applicable benefits for a period of six months following his termination. In connection with the approval of the He Employment Agreement, Mr. He also received a non-qualified stock option to purchase 30,000 shares of the Company’s common stock. The option will vest in accordance with the following schedule: (i) 1/3 of the shares underlying the option will vest immediately upon award, (ii) 1/3 of the shares underlying the option will vest on the first anniversary of the He Effective Date, and (iii) 1/3 of the shares underlying the option will vest on the second anniversary of the He Effective Date. On October 10, 2019, Ms. Star Jones (“Ms. Jones”), the Company’s President and a member of the Board, announced her resignation from her position as the President effective as of December 31, 2019 and that she will not run for reelection as a director of the Company at the next annual shareholder meeting of the Company, which is currently scheduled to take place on December 17, 2019. Ms. Jones’ employment agreement with the Company expired on September 24, 2019. During the period between September 25, 2019 and December 31, 2019, Ms. Jones will receive the same level of compensation and benefits as before. At such meeting, the Board of Directors resolved to accept Ms. Jones’ resignation. Ms. Jones served in such capacity since September 2014, and her decision to resign was not due to any disagreement with the Company (as described in Item 5.02(a) of Form 8-K). The Company thanks Ms. Jones for her years of service to the Company. On November 15, 2019, the Board of Directors of Professional Diversity Network, Inc. (the “Company”) appointed Mr. Xin (Adam) He (“Mr. He”), the Chief Financial Officer of the Company, to be the interim Chief Executive Officer of the Company effective immediately. The Board also appointed Mr. He to be a director of the Company filling the vacancy created by the resignation of Mr. Maoji (Michael) Wang. Mr. He will not receive any additional compensation for serving as the interim CEO and director of the Company.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes The effective income tax rate for the three months ended September 30, 2019 and 2018 was 5.1% and 2.6%, respectively, resulting in a $45,000, and $190,000 income tax benefit, respectively. The effective income tax rate for the nine months ended September 30, 2019 and 2018 was 4.0% and 4.9%, respectively, resulting in a $113,000 and $562,000 income tax benefit, respectively. The difference in the effective income tax rate for the three and nine months ended September 30, 2019, compared to the three and nine months ended September 30, 2018, is mainly attributable to the decrease in tax rates pursuant to the U.S. Tax Cuts and Jobs Act, and a change in the valuation allowance. 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 full valuation allowance as of September 30, 2019 and December 31, 2018. The U.S. Tax Cuts and Jobs Act subjects a U.S. parent shareholder to current tax on its “global intangible low-taxed income” (GILTI). We are allowed under ASC 740 to elect an accounting policy choice of either (1) treating taxes due on future U.S. inclusions in taxable income related to GILTI as a current period expense when incurred or (2) factoring such amounts into the Company’s measurement of its deferred taxes. The Company has elected to account for GILTI as a current period expense when incurred.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	10. Stock-Based Compensation Equity Incentive Plans Stock Options The following tables summarize the Company’s stock option activity for the nine months ended September 30, 2019, and 2018: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in Years) Aggregate Intrinsic Value Outstanding – January 1, 2019 499,439 $ 6.94 9.0 $ - Granted 30,000 2.23 Exercised - - Forfeited/Canceled/Expired (210,313 ) 3.98 Outstanding – September 30, 2019 319,126 $ 8.44 7.8 $ - Exercisable – September 30, 2019 275,792 $ 9.37 7.7 $ - 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 253,000 2.82 Exercised - - Forfeited/Canceled/Expired (125 ) 27.6 Outstanding – September 30, 2018 499,439 $ 6.94 9.0 $ 7,500 Exercisable – September 30, 2018 251,272 $ 8.49 8.8 $ 2,500 On March 11, 2019, the Company granted 30,000 stock options to CFO Adam He, in connection with his employment agreement. These options had an aggregate fair value of $54,000, using the Black-Scholes option-pricing model with the following assumptions: Risk-free interest rate 2.44 % Expected dividend yield 0.00 % Expected volatility 102.71 % Expected term 5.75 years The March 11, 2019 options granted are exercisable at an exercise price of $2.23 over a ten-year term and vest over two years, with one-third vested upon grant. The Company recorded non-cash compensation expense, which is included in general and administrative expenses in the accompanying condensed consolidated statement of operations, of approximately $17,000 and $137,000 for the three months ended September 30, 2019 and 2018, respectively, and approximately $40,000 and $524,000 for the nine months ended September 30, 2019 and 2018, respectively related to stock option grants. Total unrecognized compensation expense related to unvested stock options at September 30, 2019 amounted to approximately $55,000 and is expected to be recognized over a remaining weighted average period of 1.0 years. Warrants As of September 30, 2019, there were 125,000 warrants outstanding and exercisable, with a weighted average exercise price of $20.00 per share. The weighted average remaining contractual life of the warrants at September 30, 2019 and December 31, 2018 was 2.2 and 2.6 years, respectively, and the aggregate intrinsic value was 0. The Company did not grant any warrants to purchase shares of common stock during the nine months ended September 30, 2019. No compensation cost was recognized for the three and nine months ended September 30, 2019, and 2018 pertaining to warrants. Restricted Stock and Restricted Stock Units During the first nine months of 2019, the Company granted 46,402 restricted stock units (“RSUs”) to certain Board members and 1,166 RSUs to CFO Adam He. The RSUs granted to Board members vest one year after they were awarded (with the ex, subject to continued service on the vesting date), and the RSUs granted to CFO Adam He vested immediately. The RSUs have no voting or dividend rights. The fair value of the common stock on the dates of grant were $3.09 and $3.32 per share, based upon the closing market price on the grant dates. The aggregate grant date fair value of the combined awards amounted to $156,000. A summary of the restricted stock award activity for the nine months ended September 30, 2019, and 2018 is as follows: Number of Unvested Outstanding - January 1, 2019 60,651 Granted 47,568 Forfeited (13,865 ) Vested (39,914 ) Unvested Outstanding – September 30, 2019 54,440 Number of Unvested Outstanding - January 1, 2018 15,544 Granted 52,613 Forfeited - Vested (15,544 ) Unvested Outstanding – September 30, 2018 52,613 The Company recorded non-cash compensation expenses of approximately $68,000 and $34,000 for the three months ended September 30, 2019 and 2018, respectively, and approximately $143,000 and $113,000 for the nine months ended September 30, 2019 and 2018, respectively, related to restricted stock grants. Total unrecognized compensation expense related to unvested restricted stock and unvested restricted stock units at September 30, 2019 amounts to approximately $72,000 and is expected to be recognized over a weighted average period of 0.3 year.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Information	11. Segment Information Beginning on May 26, 2018, the Company operates in the following segments: (A) United States: (i) PDN Network and (ii) NAPW Network, (B) China Operations, and (C) Corporate Overhead. The segments are categorized based on their business activities and organization. Prior to May 26, 2018, the Company operated in the following segments: (A) United States: (i) PDN Network, (ii) NAPW Network, (iii) Noble Voice, (B) China Operations, and (C) Corporate Overhead. The following tables present key financial information of the Company’s reportable segments as of and for the three and nine months ended September 30, 2019 and 2018: Three Months Ended September 30, 2019 United States PDN Network NAPW Network China Corporate Consolidated Membership fees and related services $ - $ 515,796 $ - $ - $ 515,796 Recruitment services 790,488 - - - 790,488 Products sales and other - 1,053 - - 1,053 Education and training - - 6,610 - 6,610 Consumer advertising and marketing solutions 34,069 - - - 34,069 Total revenues 824,557 516,849 6,610 - 1,348,016 (Loss) income from continuing operations (9,843 ) (128,039 ) (200,214 ) (771,067 ) (1,109,163 ) Depreciation and amortization 15,202 201,442 4,036 - 220,680 Income tax expense (benefit) (1,646 ) (6,475 ) - (37,337 ) (45,458 ) Net (loss) income from continuing operations 217,160 (121,564 ) (201,059 ) (733,730 ) (839,193 ) Capital expenditures - - (812 ) - (812 ) Nine Months Ended September 30, 2019 United States PDN Network NAPW Network China Corporate Consolidated Membership fees and related services $ - $ 1,944,249 $ 6,374 $ - $ 1,950,623 Recruitment services 1,915,794 - - - 1,915,794 Products sales and other - 5,008 - - 5,008 Education and training - - 41,491 - 41,491 Consumer advertising and marketing solutions 107,844 - - - 107,844 Total revenues 2,023,638 1,949,257 47,865 - 4,020,760 (Loss) income from continuing operations (200,864 ) (280,015 ) (886,889 ) (2,059,015 ) (3,426,783 ) Depreciation and amortization 46,834 604,327 12,482 - 663,643 Income tax expense (benefit) 9,329 (15,641 ) 8,594 (115,015 ) (112,733 ) Net (loss) income from continuing operations 388,150 (264,374 ) (906,167 ) (1,944,000 ) (2,726,391 ) Capital expenditures - - 2,523 - 2,523 September 30, 2019 Goodwill $ 339,451 $ - $ 1,483,869 $ - $ 1,823,320 Intangible assets, net 90,400 381,037 - - 471,437 Assets from continuing operations 2,837,613 1,304,988 5,152,944 - 9,295,545 Three Months Ended September 30, 2018 United States PDN Network NAPW Network China Corporate Consolidated Membership fees and related services $ - $ 1,058,443 $ 53,599 $ - $ 1,112,042 Recruitment services 705,040 - - - 705,040 Products sales and other - 3,180 - - 3,180 Education and training - - - - - Consumer advertising and marketing solutions 74,360 - - - 74,360 Total revenues 779,400 1,061,623 53,599 - 1,894,622 (Loss) income from continuing operations 67,617 (6,163,059 ) (448,714 ) (859,737 ) (7,403,893 ) Depreciation and amortization 15,757 631,485 2,861 - 650,103 Income tax expense (benefit) 6,510 (269,373 ) - 72,913 (189,950 ) Net (loss) income from continuing operations 66,807 (5,893,686 ) (429,233 ) (932,650 ) (7,188,762 ) Capital expenditures - - (3,639 ) - (3,639 ) Nine Months Ended September 30, 2018 United States PDN Network NAPW Network China Corporate Overhead Consolidated Membership fees and related services $ - $ 3,878,875 $ 181,114 $ - $ 4,059,989 Recruitment services 2,018,832 - - - 2,018,832 Products sales and other - 13,197 - - 13,197 Education and training - - 16,048 - 16,048 Consumer advertising and marketing solutions 218,637 - - - 218,637 Total revenues 2,237,469 3,892,072 197,162 - 6,326,703 Loss from continuing operations 15,858 (7,360,589 ) (1,273,897 ) (2,850,279 ) (11,468,907 ) Depreciation and amortization 49,722 1,926,366 13,037 - 1,989,125 Income tax expense (benefit) 1,832 (408,375 ) 2,265 (158,137 ) (562,415 ) Net loss from continuing operations 31,183 (6,952,214 ) (1,240,913 ) (2,692,142 ) (10,854,086 ) Capital expenditures - - (7,206 ) - (7,206 ) December 31, 2018 Goodwill $ 339,451 $ - $ - $ - $ 339,451 Intangible assets, net 90,400 930,543 - - 1,020,943 Assets from continuing operations 1,654,346 1,970,594 1,486,891 - 5,111,831

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
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 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. On October 10, 2019, Ms. Star Jones (“Ms. Jones”), the Company’s President and a member of the Board, announced her resignation from her position as the President effective as of December 31, 2019 and that she will not run for reelection as a director of the Company at the next annual shareholder meeting of the Company, which is currently scheduled to take place on December 17, 2019. Ms. Jones’ employment agreement with the Company expired on September 24, 2019. During the period between September 25, 2019 and December 31, 2019, Ms. Jones will receive the same level of compensation and benefits as before. At such meeting, the Board of Directors resolved to accept Ms. Jones’ resignation. Ms. Jones served in such capacity since September 2014, and her decision to resign was not due to any disagreement with the Company (as described in Item 5.02(a) of Form 8-K). The Company thanks Ms. Jones for her years of service to the Company. On November 15, 2019, the Board of Directors of Professional Diversity Network, Inc. (the “Company”) appointed Mr. Xin (Adam) He (“Mr. He”), the Chief Financial Officer of the Company, to be the interim Chief Executive Officer of the Company effective immediately. The Board also appointed Mr. He to be a director of the Company filling the vacancy created by the resignation of Mr. Maoji (Michael) Wang. Mr. He will not receive any additional compensation for serving as the interim CEO and director of the Company.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
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, 2018 as filed with the SEC on April 15, 2019 (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, 2018 and 2017. The financial information as of December 31, 2018 is derived from the audited financial statements presented in the Annual Report. The interim results for the three months ended September 30, 2019 are not necessarily indicative of the results to be expected for the year ending December 31, 2019 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 – 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: September 30, 2019 December 31, 2018 (in thousands) Cash and cash equivalents $ 109 683 Total assets $ 1,352 1,180 Total liabilities $ 335 65 Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 (in thousands) (in thousands) Total net revenue $ 7 $ - $ 41 $ - Net loss $ (74 ) $ (23 ) $ (149 ) $ (132 )
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.
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 – Deferred revenue includes customer deposits received prior to performing services which are recognized as revenue when revenue recognition criteria are met, and membership fees for annual memberships that are collected at the time of enrollment and are recognized as revenue ratably over the 12 month membership period. 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, National Urban League and over 20 other partner organizations ● OFCCP job promotion and recordation services ● Diversity job fairs, both in person and virtual fairs ● Diversity recruitment job advertising services ● Cost per application, a service that employers can purchase whereby PDN sources qualified candidates and charges only for those applicants who meet the employers’ minimum qualifications ● 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.
Discontinued Operations	Discontinued Operations On May 25, 2018, the Company sold Noble Voice to a long-time customer of the Company and exited the business segment previously conducted by Noble Voice. The sales included all property, equipment, intangible assets, and other long-term assets. The Company retained cash, receivables, payables, and other current and non-current assets and liabilities. The purchase price was $200,000 and the gain on the transaction was approximately $64,000. All historical operating results for Noble Voice are included in a loss from discontinued operations, net of tax, in the accompanying consolidated statement of operations. During the three months ended September 30, 2019, income from discontinued operations was $62,000, net of tax expense of $4,000, compared to a loss of $41,000, net of tax expense of $26,000 during same period in the prior year. During nine months ended September 30, 2019, income from discontinued operations was $19,000, net of tax expense of $1,000, compared to a loss of $425,000, net of tax benefit of $25,000 during same period in the prior year. Assets and liabilities that the Company retained, which were previously reported in the Noble Voice operating segment, are now included in current assets from discontinued operations, and current liabilities from discontinued operations. As of September 30, 2019, the current assets from discontinued operations were $1,000, compared to $126,000 as of December 31, 2018. As of September 30, 2019, current liabilities from discontinued operations were $208,000 compared to $347,000 as of December 31, 2018.
Advertising and Marketing Expenses	Advertising and Marketing Expenses –
Net Loss Per Share	Net Loss per Share – As of September 30, 2019 2018 Warrants to purchase common stock 125,000 170,314 Stock options 319,126 499,439 Unvested Restricted stock units 54,440 42,727 Unvested restricted stock - 9,886 Total dilutive securities 498,566 722,366
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In February 2016, the FASB issued new lease accounting guidance ASU No. 2016-02, “Leases” (“ASU 2016-02”), as amended by ASU 2018-10, “Codification Improvements to Topic 842, Leases” and ASU 2018-11, “Leases (Topic 842): Targeted Improvements.” 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. ASC 842 was previously required to be adopted using the modified retrospective approach. However, in July 2018, the FASB issued ASU 2018-11, which allows for retrospective application with the recognition of a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Under this option, entities would not need to apply ASC 842 (along with its disclosure requirements) to the comparative prior periods presented. Management expects that most of its operating leases (primarily office space) will be recognized as operating lease liabilities and right of use assets on its consolidated balance sheet. The Company has elected to adopt certain of the optional practical expedients, including the package of practical expedients, which, among other things, gives the option to not reassess: 1) whether expired or existing contracts are or contain leases; 2) the lease classification for expired or existing leases; and 3) initial direct costs for existing leases. The Company adopted ASC 842, effective January 1, 2019. As of September 30, 2019, right of use assets were $180,000, current lease obligations were $190,000, and non-current lease obligations were $1,000. During the three and nine months ended September 30, 2019, the Company recorded lease amortization expense of $85,000 and $257,000, respectively, which is continued to be classified in general and administrative expense in the condensed consolidated statements of operations and comprehensive loss.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Schedule of Consolidated Financial Statement for Variable Interest Entity	The financial information of Jiangxi PDN Culture & Media Co., which was included in the accompanying condensed financial statements, is presented as follows: September 30, 2019 December 31, 2018 (in thousands) Cash and cash equivalents $ 109 683 Total assets $ 1,352 1,180 Total liabilities $ 335 65 Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 (in thousands) (in thousands) Total net revenue $ 7 $ - $ 41 $ - Net loss $ (74 ) $ (23 ) $ (149 ) $ (132 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The computation of basic net loss per share for the three months ended September, 2019 and 2018 excludes the potentially dilutive securities summarized in the table below because their inclusion would be anti-dilutive. As of September 30, 2019 2018 Warrants to purchase common stock 125,000 170,314 Stock options 319,126 499,439 Unvested Restricted stock units 54,440 42,727 Unvested restricted stock - 9,886 Total dilutive securities 498,566 722,366

Capitalized Technology (Tables)

Capitalized Technology (Tables)	9 Months Ended
	Sep. 30, 2019
Research and Development [Abstract]
Schedule of Capitalized Technology	Capitalized technology, net is as follows: September 30, 2019 December 31, 2018 Capitalized cost: Balance, beginning of period $ 2,163,044 $ 2,043,122 Additional capitalized cost 2,500 119,922 Balance, end of period $ 2,165,544 $ 2,163,044 Accumulated amortization: Balance, beginning of period $ 1,968,213 $ 1,889,741 Provision for amortization 76,033 78,470 Balance, end of period $ 2,044,246 $ 1,968,211 Capitalized Technology, net $ 121,298 $ 194,833

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Intangible Assets	Intangible assets, net is as follows: September 30, 2019 Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Long-lived intangible assets: Sales Process 10 $ 2,130,956 $ (1,749,919 ) $ 381,037 Paid Member Relationships 5 803,472 (803,472 ) - Member Lists 5 8,086,181 (8,086,181 ) - Developed Technology 3 648,000 (648,000 ) - Trade Name/Trademarks 4 440,000 (440,000 ) - $ 12,108,609 $ (11,272,572 ) 381,037 Indefinite-lived intangible assets: Trade Name 90,400 Intangible assets, net $ 471,437 December 31, 2018 Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Long-lived intangible assets: Sales Process 10 $ 2,130,956 $ (1,692,764 ) $ 438,192 Paid Member Relationships 5 803,472 (758,972 ) 44,500 Member Lists 5 8,086,181 (7,638,331 ) 447,850 Developed Technology 3 648,000 (648,000 ) - Trade Name/Trademarks 4 440,000 (440,000 ) - $ 12,108,609 $ (11,178,067 ) 930,542 Indefinite-lived intangible assets: Trade Name 90,400 Intangible assets, net $ 1,020,942
Schedule of Future Annual Estimated Amortization Expense	Future annual estimated amortization expense is summarized as follows: Years ending December 31, 2019 16,567 2020 66,267 2021 66,267 2022 66,267 Thereafter 165,669 $ 381,037

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	The following tables summarize the Company’s stock option activity for the nine months ended September 30, 2019, and 2018: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in Years) Aggregate Intrinsic Value Outstanding – January 1, 2019 499,439 $ 6.94 9.0 $ - Granted 30,000 2.23 Exercised - - Forfeited/Canceled/Expired (210,313 ) 3.98 Outstanding – September 30, 2019 319,126 $ 8.44 7.8 $ - Exercisable – September 30, 2019 275,792 $ 9.37 7.7 $ - 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 253,000 2.82 Exercised - - Forfeited/Canceled/Expired (125 ) 27.6 Outstanding – September 30, 2018 499,439 $ 6.94 9.0 $ 7,500 Exercisable – September 30, 2018 251,272 $ 8.49 8.8 $ 2,500
Schedule of Fair Value Measurement Assumptions	Risk-free interest rate 2.44 % Expected dividend yield 0.00 % Expected volatility 102.71 % Expected term 5.75 years
Schedule of Restricted Stock Award Activity	A summary of the restricted stock award activity for the nine months ended September 30, 2019, and 2018 is as follows: Number of Unvested Outstanding - January 1, 2019 60,651 Granted 47,568 Forfeited (13,865 ) Vested (39,914 ) Unvested Outstanding – September 30, 2019 54,440 Number of Unvested Outstanding - January 1, 2018 15,544 Granted 52,613 Forfeited - Vested (15,544 ) Unvested Outstanding – September 30, 2018 52,613

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
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 and nine months ended September 30, 2019 and 2018: Three Months Ended September 30, 2019 United States PDN Network NAPW Network China Corporate Consolidated Membership fees and related services $ - $ 515,796 $ - $ - $ 515,796 Recruitment services 790,488 - - - 790,488 Products sales and other - 1,053 - - 1,053 Education and training - - 6,610 - 6,610 Consumer advertising and marketing solutions 34,069 - - - 34,069 Total revenues 824,557 516,849 6,610 - 1,348,016 (Loss) income from continuing operations (9,843 ) (128,039 ) (200,214 ) (771,067 ) (1,109,163 ) Depreciation and amortization 15,202 201,442 4,036 - 220,680 Income tax expense (benefit) (1,646 ) (6,475 ) - (37,337 ) (45,458 ) Net (loss) income from continuing operations 217,160 (121,564 ) (201,059 ) (733,730 ) (839,193 ) Capital expenditures - - (812 ) - (812 ) Nine Months Ended September 30, 2019 United States PDN Network NAPW Network China Corporate Consolidated Membership fees and related services $ - $ 1,944,249 $ 6,374 $ - $ 1,950,623 Recruitment services 1,915,794 - - - 1,915,794 Products sales and other - 5,008 - - 5,008 Education and training - - 41,491 - 41,491 Consumer advertising and marketing solutions 107,844 - - - 107,844 Total revenues 2,023,638 1,949,257 47,865 - 4,020,760 (Loss) income from continuing operations (200,864 ) (280,015 ) (886,889 ) (2,059,015 ) (3,426,783 ) Depreciation and amortization 46,834 604,327 12,482 - 663,643 Income tax expense (benefit) 9,329 (15,641 ) 8,594 (115,015 ) (112,733 ) Net (loss) income from continuing operations 388,150 (264,374 ) (906,167 ) (1,944,000 ) (2,726,391 ) Capital expenditures - - 2,523 - 2,523 September 30, 2019 Goodwill $ 339,451 $ - $ 1,483,869 $ - $ 1,823,320 Intangible assets, net 90,400 381,037 - - 471,437 Assets from continuing operations 2,837,613 1,304,988 5,152,944 - 9,295,545 Three Months Ended September 30, 2018 United States PDN Network NAPW Network China Corporate Consolidated Membership fees and related services $ - $ 1,058,443 $ 53,599 $ - $ 1,112,042 Recruitment services 705,040 - - - 705,040 Products sales and other - 3,180 - - 3,180 Education and training - - - - - Consumer advertising and marketing solutions 74,360 - - - 74,360 Total revenues 779,400 1,061,623 53,599 - 1,894,622 (Loss) income from continuing operations 67,617 (6,163,059 ) (448,714 ) (859,737 ) (7,403,893 ) Depreciation and amortization 15,757 631,485 2,861 - 650,103 Income tax expense (benefit) 6,510 (269,373 ) - 72,913 (189,950 ) Net (loss) income from continuing operations 66,807 (5,893,686 ) (429,233 ) (932,650 ) (7,188,762 ) Capital expenditures - - (3,639 ) - (3,639 ) Nine Months Ended September 30, 2018 United States PDN Network NAPW Network China Corporate Overhead Consolidated Membership fees and related services $ - $ 3,878,875 $ 181,114 $ - $ 4,059,989 Recruitment services 2,018,832 - - - 2,018,832 Products sales and other - 13,197 - - 13,197 Education and training - - 16,048 - 16,048 Consumer advertising and marketing solutions 218,637 - - - 218,637 Total revenues 2,237,469 3,892,072 197,162 - 6,326,703 Loss from continuing operations 15,858 (7,360,589 ) (1,273,897 ) (2,850,279 ) (11,468,907 ) Depreciation and amortization 49,722 1,926,366 13,037 - 1,989,125 Income tax expense (benefit) 1,832 (408,375 ) 2,265 (158,137 ) (562,415 ) Net loss from continuing operations 31,183 (6,952,214 ) (1,240,913 ) (2,692,142 ) (10,854,086 ) Capital expenditures - - (7,206 ) - (7,206 ) December 31, 2018 Goodwill $ 339,451 $ - $ - $ - $ 339,451 Intangible assets, net 90,400 930,543 - - 1,020,943 Assets from continuing operations 1,654,346 1,970,594 1,486,891 - 5,111,831

Description of Business (Detail

Description of Business (Details Narrative)	9 Months Ended
	Sep. 30, 2019
Description for market size of education	The Company operates two primary school education programs both in the northern and southern part of China. These two acquisitions will allow the Company to accelerate an existing product with strong local recognition. According to the “2019 China Education Industry Research Report” by Amazing House, China’s K12 education market size was about 880 billion RMB in 2018. By 2019, the market size is expected to reach 1 trillion RMB, with a compound annual growth rate of 16.2% in five years. As a subdivision in the K12 field, after-school educational programs are also in high demand. According to the National Statistical Reports on Education Development and “2017 China Family Quality Education Consumption Report” by Rayee ACE, the potential market size of after-school educational programs in China by 2020 will reach 171 billion RMB.
Ms. Yuman Hu [Member]
Holding percentage	49.00%

Going Concern and Management'_2

Going Concern and Management's Plans (Details Narrative) - USD ($)	Nov. 15, 2019	Sep. 09, 2019	Sep. 05, 2019	Aug. 05, 2019	Jun. 14, 2019	Sep. 30, 2019	Sep. 30, 2018	Aug. 15, 2019	Sep. 30, 2019	Sep. 30, 2018	Nov. 18, 2019	Apr. 16, 2019	Dec. 31, 2018	Nov. 16, 2018	Nov. 05, 2018
Accumulated deficit						$ (87,534,409)			$ (87,534,409)				$ (84,826,796)
Loss from continuing operations						(839,193)	$ (7,188,762)		(2,726,391)	$ (10,854,086)
Net cash used in operating activities- continuing operations									3,424,350	4,228,697
Cash balance						4,861,607			4,861,607				1,441,607
Revenue						1,348,016	$ 1,894,622		4,020,760	6,326,703
Working capital deficiency						149,000			149,000				$ 3,384,000
Sale of common stock, shares								248,104
Closing price percentage								120.00%
Proceeds from private placement								$ 514,928
Gross proceeds from common stock									6,614,928	$ 2,921,868
China [Member]
Cash balance						330,400			330,400
Stock Purchase Agreement [Member] | Ms. Yingling Wu [Member]
Number of purchase of common stock				1,142,857
Purchase price per share				$ 1.75
Gross proceeds from common stock				$ 2,000,000
Stock Purchase Agreement [Member] | Ms.Yao Wei Ling [Member]
Number of purchase of common stock			442,830
Purchase price per share			$ 1.58
Gross proceeds from common stock			$ 699,673
Stock Purchase Agreement [Member] | Mr.Gao Yin Chun [Member]
Number of purchase of common stock			189,873
Purchase price per share			$ 1.58
Gross proceeds from common stock			$ 300,000
Stock Purchase Agreement [Member] | EGBT Foundation Ltd [Member]
Number of purchase of common stock		1,265,823
Purchase price per share		$ 1.58
Gross proceeds from common stock		$ 2,000,000
Revolving Credit Facility Agreement [Member]
Revolving credit facility														$ 2,000,000
Revolving Credit Facility Agreement [Member] | Subsequent Event [Member]
Revolving credit facility											$ 2,000,000
Minimum [Member]
Sale of common stock, price per share												$ 1.146
Maximum [Member]
Sale of common stock, price per share												$ 3.96
GNet Tech Holdings Public Limited Company [Member] | Revolving Credit Facility Agreement [Member]
Revolving credit facility						$ 2,000,000			$ 2,000,000
Cosmic Forward Limited [Member] | Subsequent Event [Member]
Number of purchase of common stock	1,142,857
Purchase price per share	$ 1.75
Cosmic Forward Limited [Member] | Maximum [Member] | Subsequent Event [Member]
Ownersip percentage	38.50%
Convertible Note [Member] | GNet Tech Holdings Public Limited Company [Member]
Debt principal amount															$ 500,000
Debt interest rate															6.00%
Debt conversion of shares issued					209,205

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	May 25, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Purchase price of asset	$ 200,000
Gain on transaction from discontinued operations	$ 64,000
Loss from discontinued operations		$ (62,182)	$ 40,735	$ (18,777)	$ 425,258
Current assets from discontinued operations		1,151		1,151		$ 126,270
Current liabilities from discontinued operations		207,905		207,905		346,528
Advertising and marketing expenses		164,000	387,000	461,000	1,060,000
Prepaid advertising costs
Right of use assets		179,589		179,589
Current lease obligations		189,547		189,547
Non-current lease obligations		536		536
Lease amortization expense		85,000		257,000
Noble Voice [Member]
Loss from discontinued operations		62,000	41,000	425,000	19,000
Loss from discontinuing operations net of tax		4,000	$ 26,000	25,000	$ 1,000
Current assets from discontinued operations		1,000		1,000		126,000
Current liabilities from discontinued operations		$ 208,000		$ 208,000		$ 347,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Consolidated Financial Statement for Variable Interest Entity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Accounting Policies [Abstract]
Cash and cash equivalents	$ 109		$ 109		$ 683
Total assets	1,352		1,352		1,180
Total liabilities	335		335		$ 65
Total net revenue	7		41
Net loss	$ (74)	$ (23)	$ (149)	$ (132)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Total dilutive securities	498,566	722,366
Warrants to Purchase Common Stock [Member]
Total dilutive securities	125,000	170,314
Stock Options [Member]
Total dilutive securities	319,126	499,439
Unvested Restricted Stock Units [Member]
Total dilutive securities	54,440	42,727
Unvested Restricted Stock [Member]
Total dilutive securities		9,886

Capitalized Technology (Details

Capitalized Technology (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Research and Development [Abstract]
Amortization expense	$ 25,000	$ 21,000	$ 76,000	$ 55,000

Capitalized Technology - Schedu

Capitalized Technology - Schedule of Capitalized Technology (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Research and Development [Abstract]
Capitalized cost: Balance, beginning of period	$ 2,163,044	$ 2,043,122
Capitalized cost: Additional capitalized cost	2,500	119,922
Capitalized cost: Balance, end of period	2,165,544	2,163,044
Accumulated amortization: Balance, beginning of period	1,968,211	1,889,741
Accumulated amortization: Provision for amortization	76,033	78,470
Accumulated amortization: Balance, end of period	2,044,246	1,968,211
Capitalized Technology, net	$ 121,298	$ 194,833

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Amortization expense	$ 183,000	$ 618,000	$ 550,000	$ 1,866,000

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 12,108,609	$ 12,108,609
Accumulated Amortization	(11,272,572)	(11,178,067)
Net Carrying Amount	381,037	930,542
Indefinite-lived intangible assets: Trade Name	90,400	90,400
Intangible assets, net	$ 471,437	$ 1,020,942
Sales Process [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)	10 years	10 years
Gross Carrying Amount	$ 2,130,956	$ 2,130,956
Accumulated Amortization	(1,749,919)	(1,692,764)
Net Carrying Amount	$ 381,037	$ 438,192
Paid Member Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)	5 years	5 years
Gross Carrying Amount	$ 803,472	$ 803,472
Accumulated Amortization	(803,472)	(758,972)
Net Carrying Amount		$ 44,500
Member Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)	5 years	5 years
Gross Carrying Amount	$ 8,086,181	$ 8,086,181
Accumulated Amortization	(8,086,181)	(7,638,331)
Net Carrying Amount		$ 447,850
Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)	3 years	3 years
Gross Carrying Amount	$ 648,000	$ 648,000
Accumulated Amortization	(648,000)	(648,000)
Net Carrying Amount
Trade Name/Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Lives (Years)	4 years	4 years
Gross Carrying Amount	$ 440,000	$ 440,000
Accumulated Amortization	(440,000)	(440,000)
Net Carrying Amount

Intangible Assets - Schedule _2

Intangible Assets - Schedule of Future Annual Estimated Amortization Expense (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2019	$ 16,567
2020	66,267
2021	66,267
2022	66,267
Thereafter	165,669
Net Carrying Amount	$ 381,037	$ 930,542

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	Jun. 14, 2019shares	Jan. 14, 2019USD ($)	Nov. 16, 2018USD ($)	Nov. 05, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Nov. 18, 2019USD ($)	Apr. 30, 2019USD ($)	Nov. 16, 2018GBP (£)
Repayments of revolving credit facility					$ 292,882
GNet Tech Holdings [Member]
Debt conversion of shares issued | shares	209,205
Note Purchase Agreement [Member] | GNet Tech Holdings Public Limited Company [Member] | Convertible Promissory Note [Member]
Debt instrument principal amount				$ 500,000				$ 500,000
Debt interest rate				6.00%
Debt instrument term				6 months
Revolving Credit Facility Agreement [Member]
Revolving credit facility, maturity date			May 31, 2020
Revolving credit facility			$ 2,000,000
Revolving credit facility, interest rate			4.00%
Repayments of revolving credit facility		$ 293,000
Revolving Credit Facility Agreement [Member] | Subsequent Event [Member]
Revolving credit facility							$ 2,000,000
Revolving Credit Facility Agreement [Member] | GBP [Member]
Revolving credit facility | £									£ 1,500,000
Revolving Credit Facility Agreement [Member] | GNet Tech Holdings Public Limited Company [Member]
Revolving credit facility					$ 2,000,000

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	Oct. 12, 2017USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Jul. 24, 2019USD ($)	Jul. 24, 2019CNY (¥)	Dec. 31, 2018USD ($)	Apr. 30, 2018USD ($)
Right of use assets		$ 179,589		$ 179,589
Current lease obligations		189,547		189,547
Non-current lease obligations		536		536
Loans payable		279,916		279,916
Lease amortization expense		85,000		257,000
Lease expense		$ 136,000	$ 87,000	$ 351,000	$ 495,000
Guangzhou Zhongtianshengxiang Technology [Member]
Loans payable						$ 280,000
Guangzhou Zhongtianshengxiang Technology [Member] | RMB [Member]
Loans payable | ¥							¥ 2,000,000
Loans payable, interest rate						5.00%	5.00%
Loans payable, maturity date						Jul. 16, 2020	Jul. 16, 2020
White Winston [Member]
Loss contingency damages sought value	$ 2,000,000
Litigation settlement accrual									$ 1,708,233

Employment Agreements (Details

Employment Agreements (Details Narrative) - USD ($)	Oct. 10, 2019	Mar. 11, 2019	Sep. 30, 2019
Ms. Star Jones [Member] | Subsequent Event [Member]
Resignation description	On October 10, 2019, Ms. Star Jones ("Ms. Jones"), the Company's President and a member of the Board, announced her resignation from her position as the President effective as of December 31, 2019 and that she will not run for reelection as a director of the Company at the next annual shareholder meeting of the Company, which is currently scheduled to take place on December 17, 2019. Ms. Jones' employment agreement with the Company expired on September 24, 2019. During the period between September 25, 2019 and December 31, 2019, Ms. Jones will receive the same level of compensation and benefits as before. At such meeting, the Board of Directors resolved to accept Ms. Jones' resignation. Ms. Jones served in such capacity since September 2014, and her decision to resign was not due to any disagreement with the Company (as described in Item 5.02(a) of Form 8-K). The Company thanks Ms. Jones for her years of service to the Company.
Expire date	Expired on September 24, 2019
He Employment Agreement [Member] | Mr. He [Member]
Annual base salary		$ 200,000
Percentage of annual incentive bonus		50.00%
Non-qualified stock option to purchase shares of common stock			30,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Effective income tax rate	5.10%	2.60%	4.00%	4.90%
Income tax benefit	$ (45,458)	$ (189,950)	$ (112,733)	$ (562,415)

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)	Mar. 11, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Nov. 08, 2018	Jun. 26, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted				30,000	253,000
Exercise price of options granted				$ 2.23	$ 2.82
Non-cash compensation expense				$ 183,916	$ 637,062
Unrecognized compensation expense		$ 55,000		$ 55,000
Unrecognized compensation expense remaining weighted average period				1 year
Compensation cost
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash compensation expense		68,000	34,000	143,000	113,000
Unrecognized compensation expense		$ 72,000		$ 72,000
Unrecognized compensation expense remaining weighted average period				3 months 19 days
Aggregate grant date fair value awards amount				$ 156,000
Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants outstanding		125,000		125,000
Weighted average exercise price of warrants		$ 20		$ 20
Weighted average remaining contractual life of warrants		2 years 2 months 12 days		2 years 2 months 12 days		2 years 7 months 6 days
Warrants intrinsic value		$ 0		$ 0
General and Administrative Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash compensation expense		$ 17,000	$ 137,000	$ 40,000	$ 524,000
Board Members [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted restricted stock units				46,402
Common stock granted price per share		$ 3.09		$ 3.09
Adam He [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted restricted stock units				1,166
Common stock granted price per share		$ 3.32		$ 3.32
Employment Agreement [Member] | Mr. He [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	30,000
Fair value of options	$ 54,000
Exercise price of options granted	$ 2.23
Option term	10 years
Option vesting period	2 years
2013 Equity Compensation Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance under equity incentive plan								225,000
2013 Equity Compensation Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance under equity incentive plan								615,000
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		915,000		915,000			300,000

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Option Activity (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Share-based Payment Arrangement [Abstract]
Number of Options, Outstanding beginning balance	499,439	246,564
Number of Options, Granted	30,000	253,000
Number of Options, Exercised
Number of Options, Forfeited/Canceled/Expired	(210,313)	(125)
Number of Options, Outstanding ending balance	319,126	499,439
Number of Options, Exercisable	275,792	251,272
Weighted Average Exercise Price, Outstanding	$ 6.94	$ 11.17
Weighted Average Exercise Price, Granted	2.23	2.82
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Forfeited/Canceled/Expired	3.98	27.6
Weighted Average Exercise Price, Outstanding	8.44	6.94
Weighted Average Exercise Price, Exercisable	$ 9.37	$ 8.49
Weighted Average Remaining Contractual Life (in Years), Outstanding beginning	9 years	9 years 1 month 6 days
Weighted Average Remaining Contractual Life (in Years), Outstanding ending balance	7 years 9 months 18 days	9 years
Weighted Average Remaining Contractual Life (in Years), Exercisable	7 years 8 months 12 days	8 years 9 months 18 days
Average Intrinsic Value, Outstanding beginning balance
Average Intrinsic Value, Outstanding ending balance		7,500
Average Intrinsic Value, Exercisable ending balance		$ 2,500

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Fair Value Measurement Assumptions (Details)	Mar. 11, 2019
Share-based Payment Arrangement [Abstract]
Risk-free interest rate	2.44%
Expected dividend yield	0.00%
Expected volatility	102.71%
Expected term	5 years 9 months

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Restricted Stock Award Activity (Details) - Restricted Stock Units (RSUs) [Member] - shares	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares Unvested, beginning balance	60,651	15,544
Number of Shares Unvested, Granted	47,568	52,613
Number of Shares Unvested, Forfeited	(13,865)
Number of Shares Unvested, Vested	(39,914)	(15,544)
Number of Shares Unvested, ending balance	54,440	52,613

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total revenues	$ 1,348,016	$ 1,894,622	$ 4,020,760	$ 6,326,703
(Loss) income from continuing operations	(1,109,163)	(7,403,893)	(3,426,783)	(11,468,907)
Depreciation and amortization	220,680	650,103	663,644	1,989,125
Income tax expense (benefit)	(45,458)	(189,950)	(112,733)	(562,415)
Net (loss) income from continuing operations	(839,193)	(7,188,762)	(2,726,391)	(10,854,086)
Capital expenditures	(812)	(3,639)	2,523	(7,206)
Goodwill	1,823,320		1,823,320		$ 339,451
Intangible assets, net	471,437		471,437		1,020,942
Assets from continuing operations	9,296,696		9,296,696		5,238,100
Membership Fees and Related Services [Member]
Segment Reporting Information [Line Items]
Total revenues	515,796	1,112,042	1,950,623	4,059,989
Recruitment Services [Member]
Segment Reporting Information [Line Items]
Total revenues	790,488	705,040	1,915,794	2,018,832
Product Sales and Other [Member]
Segment Reporting Information [Line Items]
Total revenues	1,053	3,180	5,008	13,197
Education and Training [Member]
Segment Reporting Information [Line Items]
Total revenues	6,610		41,491	16,048
Consumer Advertising and Marketing Solutions [Member]
Segment Reporting Information [Line Items]
Total revenues	34,069	74,360	107,844	218,637
PDN Network [Member]
Segment Reporting Information [Line Items]
Total revenues	824,557	779,400	2,023,638	2,237,469
(Loss) income from continuing operations	(9,843)	67,617	(200,864)	15,858
Depreciation and amortization	15,202	15,757	46,834	49,722
Income tax expense (benefit)	(1,646)	6,510	9,329	1,832
Net (loss) income from continuing operations	217,160	66,807	388,150	31,183
Capital expenditures
Goodwill	339,451		339,451		339,451
Intangible assets, net	90,400		90,400		90,400
Assets from continuing operations	2,837,613		2,837,613		1,654,346
PDN Network [Member] | Membership Fees and Related Services [Member]
Segment Reporting Information [Line Items]
Total revenues
PDN Network [Member] | Recruitment Services [Member]
Segment Reporting Information [Line Items]
Total revenues	790,488	705,040	1,915,794	2,018,832
PDN Network [Member] | Product Sales and Other [Member]
Segment Reporting Information [Line Items]
Total revenues
PDN Network [Member] | Education and Training [Member]
Segment Reporting Information [Line Items]
Total revenues
PDN Network [Member] | Consumer Advertising and Marketing Solutions [Member]
Segment Reporting Information [Line Items]
Total revenues	34,069	74,360	107,844	218,637
NAPW Network [Member]
Segment Reporting Information [Line Items]
Total revenues	516,849	1,061,623	1,949,257	3,892,072
(Loss) income from continuing operations	(128,039)	(6,163,059)	(280,015)	(7,360,589)
Depreciation and amortization	201,442	631,485	604,327	1,926,366
Income tax expense (benefit)	(6,475)	(269,373)	(15,641)	(408,375)
Net (loss) income from continuing operations	(121,564)	(5,893,686)	(264,374)	(6,952,214)
Capital expenditures
Goodwill
Intangible assets, net	381,037		381,037		930,543
Assets from continuing operations	1,304,988		1,304,988		1,970,594
NAPW Network [Member] | Membership Fees and Related Services [Member]
Segment Reporting Information [Line Items]
Total revenues	515,796	1,058,443	1,944,249	3,878,875
NAPW Network [Member] | Recruitment Services [Member]
Segment Reporting Information [Line Items]
Total revenues
NAPW Network [Member] | Product Sales and Other [Member]
Segment Reporting Information [Line Items]
Total revenues	1,053	3,180	5,008	13,197
NAPW Network [Member] | Education and Training [Member]
Segment Reporting Information [Line Items]
Total revenues
NAPW Network [Member] | Consumer Advertising and Marketing Solutions [Member]
Segment Reporting Information [Line Items]
Total revenues
China Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	6,610	53,599	47,865	197,162
(Loss) income from continuing operations	(200,214)	(448,714)	(886,889)	(1,273,897)
Depreciation and amortization	4,036	2,861	12,482	13,037
Income tax expense (benefit)			8,594	2,265
Net (loss) income from continuing operations	(201,059)	(429,233)	(906,167)	(1,240,913)
Capital expenditures	(812)	(3,639)	2,523	(7,206)
Goodwill	1,483,869		1,483,869
Intangible assets, net
Assets from continuing operations	5,152,944		5,152,944		1,486,891
China Operations [Member] | Membership Fees and Related Services [Member]
Segment Reporting Information [Line Items]
Total revenues		53,599	6,374
China Operations [Member] | Recruitment Services [Member]
Segment Reporting Information [Line Items]
Total revenues
China Operations [Member] | Product Sales and Other [Member]
Segment Reporting Information [Line Items]
Total revenues
China Operations [Member] | Education and Training [Member]
Segment Reporting Information [Line Items]
Total revenues	6,610		41,491	16,048
China Operations [Member] | Consumer Advertising and Marketing Solutions [Member]
Segment Reporting Information [Line Items]
Total revenues
Corporate Overhead [Member]
Segment Reporting Information [Line Items]
Total revenues
(Loss) income from continuing operations	(771,067)	(859,737)	(2,059,015)	(2,850,279)
Depreciation and amortization
Income tax expense (benefit)	(37,337)	(72,913)	(115,015)	(158,137)
Net (loss) income from continuing operations	(733,730)	(932,650)	(1,944,000)	(2,692,142)
Capital expenditures
Goodwill
Intangible assets, net
Assets from continuing operations
Corporate Overhead [Member] | Membership Fees and Related Services [Member]
Segment Reporting Information [Line Items]
Total revenues				181,114
Corporate Overhead [Member] | Recruitment Services [Member]
Segment Reporting Information [Line Items]
Total revenues
Corporate Overhead [Member] | Product Sales and Other [Member]
Segment Reporting Information [Line Items]
Total revenues
Corporate Overhead [Member] | Education and Training [Member]
Segment Reporting Information [Line Items]
Total revenues
Corporate Overhead [Member] | Consumer Advertising and Marketing Solutions [Member]
Segment Reporting Information [Line Items]
Total revenues

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member] - Ms. Star Jones [Member]	Oct. 10, 2019
Resignation Description	On October 10, 2019, Ms. Star Jones ("Ms. Jones"), the Company's President and a member of the Board, announced her resignation from her position as the President effective as of December 31, 2019 and that she will not run for reelection as a director of the Company at the next annual shareholder meeting of the Company, which is currently scheduled to take place on December 17, 2019. Ms. Jones' employment agreement with the Company expired on September 24, 2019. During the period between September 25, 2019 and December 31, 2019, Ms. Jones will receive the same level of compensation and benefits as before. At such meeting, the Board of Directors resolved to accept Ms. Jones' resignation. Ms. Jones served in such capacity since September 2014, and her decision to resign was not due to any disagreement with the Company (as described in Item 5.02(a) of Form 8-K). The Company thanks Ms. Jones for her years of service to the Company.
Expire Date	Expired on September 24, 2019