Dolphin Entertainment, Inc. (DLPN) 10-Q Quarterly Report Fri Nov 19 2021

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2021	Nov. 17, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	001-38331
Entity Registrant Name	DOLPHIN ENTERTAINMENT, INC.
Entity Central Index Key	0001282224
Entity Tax Identification Number	86-0787790
Entity Incorporation, State or Country Code	FL
Entity Address, Address Line One	150 Alhambra Circle
Entity Address, Address Line Two	Suite 1200
Entity Address, City or Town	Coral Gables
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33134
City Area Code	(305)
Local Phone Number	774-0407
Title of 12(b) Security	Common Stock, $0.015 par value per share
Trading Symbol	DLPN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,941,234

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Inside Dolphin Entertainment, Inc.'s 10-Q Quarterly Report:

Financial - Expense Highlight
Interest expense and debt amortization expense decreased by $29,700 and $1.4 million for the three and nine months ended September 30, 2021, respectively, as compared to the same periods in prior year.

Revenue - Product Highlight
We earn revenues primarily from the following sources: (i) celebrity talent services; (ii) content marketing services under multiyear master service agreements in exchange for fixed project-based fees; (iii) individual engagements for entertainment content marketing services for durations of generally between three and six months; (iv) strategic communications services; (v) engagements for marketing of special events such as food and wine festivals; (vi) engagement for marketing of brands; (vii) arranging strategic marketing agreements between brands and social media influencers and (viii) content productions of marketing materials on a project contract basis.
Revenue - Product Highlight
We expect that increased digital streaming marketing budgets at several large key clients will drive growth of revenue and profit in 42West's Entertainment Marketing division over the next several years.
Financial - Cash Flow Highlight
Outflows: $1.0 million from the exercise of put rights; $0.3 million of repayment of the term loan; and $0.1 of repayment of notes payable Cash flows provided by financing activities for the nine months ended September 30, 2020 were $8.7 million, which mainly related to: Inflows: $7.6 million of proceeds from the sale of Common Stock through registered direct offering; $2.9 million proceeds from convertible notes payable; and $2.8 million of proceeds from PPP Loans.
Other - Other Highlight
The entertainment publicity and marketing segment comprises 42West, The Door, Shore Fire, Viewpoint, Be Social and B/HI and provides clients with diversified services, including public relations, entertainment content marketing, strategic marketing consulting, digital marketing capabilities, creative branding and in-house production of content for marketing.
Revenue - Product
Since the outbreak of COVID-19...Read more
Revenue - Product
We have noted an increase...Read more
Financial - Shares
We may also pay up...Read more
Financial - Expense
30 For the three and...Read more
Other - Other
Risks that could cause actual...Read more
Revenue - Product
Similarly, another subsidiary represents talent,...Read more
Financial - Cash Flow
Cash flows provided by financing...Read more
Financial - Expense
Payroll and benefits expenses increased...Read more
Other - Other
? Entertainment Marketing and Brand...Read more
Other - Other
(3) Depreciation and amortization include...Read more
Financial - Earnings
None of the decrease in...Read more
M & A - Other
The acquisition was effective January...Read more
Financial - Shares
Net loss was approximately $0.1...Read more
Financial - Shares
Net loss was approximately $1.0...Read more
Financial - Debt
The above were offset by...Read more
Financial - Debt
During the nine months ended...Read more
Revenue - Product
Three and nine months ended...Read more
Revenue - Product
28 We earn entertainment publicity...Read more
Financial - Earnings
Net income was approximately $0.1...Read more
Revenue - Geography
Forward-looking statements may include, but...Read more
Financial - Expense
Selling, general and administrative expenses...Read more
M & A - Other
As consideration for the acquisition...Read more
Revenue - Product
In addition, during the three...Read more
Financial - Income
Warrants issued with convertible notes...Read more
Financial - Earnings
We believe that complementary businesses,...Read more
Other - Other
We believe that growth in...Read more
Other - Other
These statements are often characterized...Read more
Other - Other
In October 2021, we received...Read more
M & A - Other
On January 8, 2021, we...Read more
Financial - Expense
We recorded interest expense related...Read more
Other - Other
Viewpoint adds full-service creative branding...Read more
Other - Other
For the three months ended...Read more
Financial - Debt
The above were offset by...Read more
Other - Other
In addition, we provide entertainment...Read more
Other - Other
Our clients for this type...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Dolphin Entertainment, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 3.1: Amended And Restated Articles Of Incorporation Of Dolphin Entertainment, Inc, As

Exhibit 31.1: Certification

Exhibit 31.2: Certification

Exhibit 32.1: Certification

Exhibit 32.2: Certification

Ticker: DLPN
CIK: 1282224
Form Type: 10-Q Quarterly Report
Accession Number: 0001553350-21-001067
Submitted to the SEC: Fri Nov 19 2021 9:15:39 AM EST
Accepted by the SEC: Fri Nov 19 2021
Period: Thursday, September 30, 2021
Industry: Personal Services

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Dolphin Entertainment, Inc. (DLPN) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

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