Dolphin Entertainment (DLPN) 10-Q 14 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 10, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
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		18,141,344

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current
Cash and cash equivalents	$ 6,406,646	$ 6,069,889
Restricted cash	3,723,868	1,127,960
Accounts receivable:
Trade, net of allowance of $1,208,726 and $736,820, respectively	4,993,703	6,162,472
Other receivables	4,299,330	5,552,993
Notes receivable	4,608,962	4,426,700
Other current assets	954,029	523,812
Total current assets	24,986,538	23,863,826
Capitalized production costs, net	2,070,275	1,598,412
Employee receivable	748,085	604,085
Right-of-use asset	5,996,732	7,341,045
Goodwill	22,796,683	29,314,083
Intangible assets, net	8,030,366	9,884,336
Property, equipment and leasehold improvements, net	214,877	293,206
Other long-term assets	896,712	2,477,839
Total Assets	65,740,268	75,376,832
Current
Accounts payable	4,309,920	4,798,221
Term loan, current portion	960,503	408,905
Notes payable, current portion	3,380,859	3,868,960
Contingent consideration		500,000
Accrued interest – related party	1,623,921	1,744,723
Accrued compensation – related party	2,625,000	2,625,000
Lease liability, current portion	2,089,297	2,073,547
Deferred revenue	1,923,076	1,641,459
Other current liabilities	6,052,420	7,626,836
Total current liabilities	22,964,996	25,287,651
Term loan, noncurrent portion	4,755,384	2,458,687
Notes payable	3,530,000	500,000
Convertible notes payable	5,150,000	5,050,000
Convertible note payable at fair value	350,000	343,556
Loan from related party	1,107,873	1,107,873
Contingent consideration		238,821
Lease liability	4,613,704	6,012,049
Deferred tax liability	344,432	253,188
Warrant liability	10,000	15,000
Other noncurrent liabilities	18,915	18,915
Total Liabilities	42,845,304	41,285,740
Commitments and contingencies (Note 18)
STOCKHOLDERS’ EQUITY
Preferred Stock, Series C, $0.001 par value, 50,000 shares authorized, 50,000 shares issued and outstanding at September 30, 2023 and December 31, 2022	1,000	1,000
Common stock, $0.015 par value, 200,000,000 shares authorized, 14,225,487 and 12,340,664 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	213,382	185,110
Additional paid-in capital	146,686,953	143,119,461
Accumulated deficit	(124,006,371)	(109,214,479)
Total Stockholders’ Equity	22,894,964	34,091,092
Total Liabilities and Stockholders’ Equity	$ 65,740,268	$ 75,376,832

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Net of allowance	$ 1,208,726	$ 736,820
Common Stock, Par or Stated Value Per Share	$ 0.015	$ 0.015
Common Stock, Shares Authorized	200,000,000	200,000,000
Common stock, shares issued	14,225,487	12,340,664
Common stock, shares outstanding	14,225,487	12,340,664
Series C Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	50,000	50,000
Preferred stock, issued	50,000	50,000
Preferred stock, Outstanding	50,000	50,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Revenues	$ 10,184,511	$ 9,899,013	$ 31,100,867	$ 29,366,748
Expenses:
Direct costs	185,308	837,429	621,449	2,941,044
Payroll and benefits	8,382,659	7,030,814	26,114,881	20,947,531
Selling, general and administrative	2,150,889	1,663,288	6,023,954	4,644,264
Acquisition costs	4,666	315,800	8,823	315,800
Depreciation and amortization	535,740	415,836	1,612,776	1,248,621
Impairment of goodwill			6,517,400
Impairment of intangible assets	341,417		341,417
Change in fair value of contingent consideration		(5,000)	33,226	(81,106)
Legal and professional	695,188	774,613	1,955,037	2,317,800
Total expenses	12,295,867	11,032,780	43,228,963	32,333,954
Loss from operations	(2,111,356)	(1,133,767)	(12,128,096)	(2,967,206)
Other (expenses) income:
Change in fair value of convertible note		45,642	(6,444)	577,522
Change in fair value of warrants		10,000	5,000	105,000
Interest income	104,303	91,722	309,424	204,943
Interest expense	(604,669)	(217,869)	(1,413,177)	(605,827)
Total other (expenses) income, net	(500,366)	(70,505)	(1,105,197)	281,638
Loss before income taxes and equity in losses of unconsolidated affiliates	(2,611,722)	(1,204,272)	(13,233,293)	(2,685,568)
Income tax expense	(31,059)	(7,224)	(91,243)	(21,672)
Net loss before equity in losses of unconsolidated affiliates	(2,642,781)	(1,211,496)	(13,324,536)	(2,707,240)
Equity in losses of unconsolidated affiliates	(1,220,547)	(100,223)	(1,467,356)	(143,623)
Net loss	$ (3,863,328)	$ (1,311,719)	$ (14,791,892)	$ (2,850,863)
Loss per share:
Basic	$ (0.27)	$ (0.14)	$ (1.11)	$ (0.31)
Diluted	$ (0.27)	$ (0.14)	$ (1.11)	$ (0.37)
Weighted average number of shares outstanding:
Basic	14,121,275	9,664,681	13,328,138	9,307,830
Diluted	14,121,275	9,793,715	13,328,138	9,437,807

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (14,791,892)	$ (2,850,863)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,612,776	1,248,621
Share-based compensation	218,154	166,582
Equity in losses of unconsolidated affiliates	297,769	143,623
Impairment of equity method investment	1,169,587
Commitment shares issued to Lincoln Park Capital Fund, LLC		232,118
Bonus payment issued in shares	50,000	50,000
Impairment of goodwill	6,517,400
Impairment of intangible assets	341,417
Impairment of right-of-use asset		98,857
Impairment of capitalized production costs	49,412	87,323
Write-off of debt origination costs	91,859
Change in allowance for credit losses	566,610	276,579
Change in fair value of contingent consideration	33,226	(81,106)
Change in fair value of warrants	(5,000)	(105,000)
Change in fair value of convertible notes	6,444	(577,522)
Deferred income tax expense, net	91,244	21,672
Debt origination costs amortization	13,229
Changes in operating assets and liabilities:
Accounts receivable, trade and other	1,673,559	209,600
Other current assets	(430,217)	145,492
Capitalized production costs	(521,275)	(1,548,500)
Other long-term assets and employee receivable	(134,397)	(196,353)
Deferred revenue	374,269	(494,403)
Accounts payable	(1,120,809)	630,770
Accrued interest – related party	279,198	29,198
Other current liabilities	(851,107)	(1,157,985)
Lease liability	(24,101)	17,994
Other noncurrent liabilities		18,915
Net cash used in operating activities	(4,492,645)	(3,634,388)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets	(21,893)	(64,464)
Issuance of notes receivable		(3,108,080)
Net cash used in investing activities	(21,893)	(3,172,544)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from equity line of credit agreement	2,162,150	5,049,100
Cash settlement of contingent consideration for Be Social (2023) and B/HI (2022)	(506,587)	(600,000)
Proceeds from convertible notes payable	1,000,000
Proceeds from term loan	5,800,000
Repayment of term loan	(2,972,402)
Proceeds from notes payable	2,630,000
Repayment of notes payable	(88,101)	(279,749)
Payment of interest to related party	(400,000)
Early payment penalty on debt refinancing	(79,286)
Debt origination costs	(84,391)
Principal payments on finance leases	(14,180)
Net cash provided by financing activities	7,447,203	4,169,351
Net increase (decrease) in cash and cash equivalents and restricted cash	2,932,665	(2,637,581)
Cash and cash equivalents and restricted cash, beginning of period	7,197,849	8,230,626
Cash and cash equivalents and restricted cash, end of period	10,130,514	5,593,045
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:
Interest paid	1,216,956	554,897
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Issuance of commitment shares to Lincoln Park Capital Fund, LLC		232,118
Receipt of Crafthouse equity in connection with marketing agreement		1,000,000
Settlement of contingent consideration for B/HI (2022), The Door (2022) and Be Social (2023) in shares of common stock	265,460	1,539,444
Employee compensation paid in shares of common stock	268,154
Issuance of shares of common stock for the conversion of convertible notes payable	900,000	500,000
Employee bonus paid in stock	50,000	50,000
Lease liabilities arising from obtaining right-of-use assets.	159,090
Cash and cash equivalents	6,406,646	4,452,562
Restricted cash	3,723,868	1,140,483
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statement of cash flows	$ 10,130,514	$ 5,593,045

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 1,000	$ 120,306	$ 127,247,928	$ (104,434,344)	$ 22,934,890
Beginning Balance, Shares at Dec. 31, 2021	50,000	8,020,381
Net loss				(1,717,832)	(1,717,832)
Issuance of shares to Lincoln Park Capital Fund, LLC		$ 9,330	2,506,020		2,515,350
Issuance of shares to Lincoln Park Capital LLC Fund, shares		622,019
Shares issuable for contingent consideration			2,381,869		2,381,869
Issuance of restricted shares, net of shares withheld for taxes		$ 130	(130)
Issuance of restricted shares, net of shares withheld for taxes, shares		8,645
Share-based compensation			59,305		59,305
Ending balance, value at Mar. 31, 2022	$ 1,000	$ 129,766	132,194,992	(106,152,176)	26,173,582
Ending Balance, Shares at Mar. 31, 2022	50,000	8,651,045
Beginning balance, value at Dec. 31, 2021	$ 1,000	$ 120,306	127,247,928	(104,434,344)	22,934,890
Beginning Balance, Shares at Dec. 31, 2021	50,000	8,020,381
Net loss					(2,850,863)
Ending balance, value at Sep. 30, 2022	$ 1,000	$ 149,986	136,114,163	(107,285,208)	28,979,941
Ending Balance, Shares at Sep. 30, 2022	50,000	9,999,052
Beginning balance, value at Mar. 31, 2022	$ 1,000	$ 129,766	132,194,992	(106,152,176)	26,173,582
Beginning Balance, Shares at Mar. 31, 2022	50,000	8,651,045
Net loss				178,687	178,687
Issuance of shares to Lincoln Park Capital Fund, LLC		$ 6,750	1,845,540		1,852,290
Issuance of shares to Lincoln Park Capital LLC Fund, shares		450,000
Issuance of restricted shares, net of shares withheld for taxes		$ 120	(120)
Issuance of restricted shares, net of shares withheld for taxes, shares		7,982
Issuance of shares to sellers of The Door Marketing Group LLC for earnout consideration		$ 4,193	(4,193)
Issuance of shares to sellers of The Door Marketing Group LLC for earnout consideration, shares		279,562
Issuance of shares to seller of B/HI Communication Inc. for earnout consideration		$ 2,451	513,796		516,247
Issuance of shares to seller of B/HI Communication Inc for earnout consideration, shares		163,369
Share-based compensation			54,757		54,757
Ending balance, value at Jun. 30, 2022	$ 1,000	$ 143,280	134,604,772	(105,973,489)	28,775,563
Ending Balance, Shares at Jun. 30, 2022	50,000	9,551,958
Net loss				(1,311,719)	(1,311,719)
Issuance of shares related to conversion of note payable		$ 1,884	498,116		500,000
Issuance of shares related to conversion of note payable, shares		125,604
Issuance of shares to Lincoln Park Capital Fund, LLC		$ 4,534	909,043		913,577
Issuance of shares to Lincoln Park Capital LLC Fund, shares		302,313
Issuance of common stock on vesting of restricted stock units, net of shares withheld for taxes		$ 115	(115)
Issuance of common stock on vesting of restricted stock units, net of shares withheld for taxes, shares		7,656
Issuance of shares related to employment agreement		$ 173	49,827		50,000
Issuance of shares related to employment agreement, shares		11,521
Share-based compensation			52,520		52,520
Ending balance, value at Sep. 30, 2022	$ 1,000	$ 149,986	136,114,163	(107,285,208)	28,979,941
Ending Balance, Shares at Sep. 30, 2022	50,000	9,999,052
Beginning balance, value at Dec. 31, 2022	$ 1,000	$ 185,110	143,119,461	(109,214,479)	34,091,092
Beginning Balance, Shares at Dec. 31, 2022	50,000	12,340,664
Net loss				(2,969,320)	(2,969,320)
Issuance of shares to Lincoln Park Capital Fund, LLC		$ 3,750	525,700		529,450
Issuance of shares to Lincoln Park Capital LLC Fund, shares		250,000
Issuance of shares related to employment agreements		$ 550	74,091		74,641
Issuance of shares related to employment agreements, shares		36,672
Ending balance, value at Mar. 31, 2023	$ 1,000	$ 189,410	143,719,252	(112,183,799)	31,725,863
Ending Balance, Shares at Mar. 31, 2023	50,000	12,627,336
Beginning balance, value at Dec. 31, 2022	$ 1,000	$ 185,110	143,119,461	(109,214,479)	34,091,092
Beginning Balance, Shares at Dec. 31, 2022	50,000	12,340,664
Net loss					(14,791,892)
Ending balance, value at Sep. 30, 2023	$ 1,000	$ 213,382	146,686,953	(124,006,371)	22,894,964
Ending Balance, Shares at Sep. 30, 2023	50,000	14,225,487
Beginning balance, value at Mar. 31, 2023	$ 1,000	$ 189,410	143,719,252	(112,183,799)	31,725,863
Beginning Balance, Shares at Mar. 31, 2023	50,000	12,627,336
Net loss				(7,959,244)	(7,959,244)
Issuance of shares to Lincoln Park Capital Fund, LLC		$ 9,000	1,072,850		1,081,850
Issuance of shares to Lincoln Park Capital LLC Fund, shares		600,000
Conversion of convertible note payable		$ 6,750	893,250		900,000
Conversion of convertible note payable, shares		450,000
Issuance of shares related to the Be Social acquisition		$ 2,181	263,279		265,460
Issuance of shares related to the Be Social acquisition, shares		145,422
Issuance of shares related to employment agreements		$ 679	89,880		90,559
Issuance of shares related to employment agreements, shares		45,245
Ending balance, value at Jun. 30, 2023	$ 1,000	$ 208,020	146,038,511	(120,143,043)	26,104,488
Ending Balance, Shares at Jun. 30, 2023	50,000	13,868,003
Net loss				(3,863,328)	(3,863,328)
Issuance of shares to Lincoln Park Capital Fund, LLC		$ 4,500	546,350		550,850
Issuance of shares to Lincoln Park Capital LLC Fund, shares		300,000
Issuance of shares related to employment agreements		$ 862	102,092		102,954
Issuance of shares related to employment agreements, shares		57,484
Ending balance, value at Sep. 30, 2023	$ 1,000	$ 213,382	$ 146,686,953	$ (124,006,371)	$ 22,894,964
Ending Balance, Shares at Sep. 30, 2023	50,000	14,225,487

GENERAL

GENERAL	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
GENERAL	NOTE 1 – GENERAL Dolphin Entertainment, Inc., a Florida corporation (the “Company,” “Dolphin,” “we,” “us” or “our”), is a leading independent entertainment marketing and premium content development company. Through its acquisitions of 42West LLC (“42West”), The Door Marketing Group, LLC (“The Door”), Shore Fire Media, Ltd (“Shore Fire”), Viewpoint Computer Animation Incorporated (“Viewpoint”), Be Social Public Relations, LLC (“Be Social”), B/HI Communications, Inc. (“B/HI”) and Socialyte, LLC (“Socialyte”), the Company provides expert strategic marketing and publicity services throughout the United States of America (“U.S.”) to all of the major film studios and many of the leading independent and digital content providers, A-list celebrity talent, including actors, directors, producers, celebrity chefs, social media influencers and recording artists. The Company also provides strategic marketing publicity services and creative brand strategies for prime hotel and restaurant groups and consumer brands throughout the U.S. The strategic acquisitions of 42West, The Door, Shore Fire, Viewpoint, Be Social, B/HI and Socialyte bring together premium marketing services, including digital and social media marketing capabilities, with premium content production, creating significant opportunities to serve respective constituents more strategically and to grow and diversify the Company’s business. Dolphin’s content production business is a long established, leading independent producer, committed to distributing premium, best-in-class film and digital entertainment. Dolphin produces original feature films and digital programming primarily aimed at family and young adult markets. Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Dolphin, and all of its wholly owned subsidiaries, comprising Dolphin Films, Inc. (“Dolphin Films”), Dolphin SB Productions LLC, Dolphin Max Steel Holdings, LLC, Dolphin JB Believe Financing, LLC, Dolphin JOAT Productions, LLC, 42West, The Door, Viewpoint, Shore Fire, Be Social, B/HI and Socialyte. The Company applies the equity method of accounting for its investments in entities for which it does not have a controlling financial interest, but over which it has the ability to exert significant influence. The unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of its financial position as of September 30, 2023, and its results of operations and cash flows for the three and nine months ended September 30, 2023 and 2022. All significant inter-company balances and transactions have been eliminated from the condensed consolidated financial statements. Operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2023. The condensed consolidated balance sheet as of December 31, 2022 has been derived from the audited financial statements at that date but does not include all the information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed consolidated financial statements should be read together with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The most significant estimates made by management in the preparation of the financial statements relate to the estimates in the fair value of acquisitions, estimates in assumptions used to calculate the fair value of certain liabilities and impairment assessments for investment in capitalized production costs, goodwill and long-lived assets. Actual results could differ materially from such estimates. Reclassifications Certain prior year amounts have been reclassified to conform with current year presentation. These reclassifications had no impact on the Company’s condensed consolidated statements of operations or condensed consolidated statements of cash flows. Recent Accounting Pronouncements Accounting Guidance Adopted In June 2016, the FASB issued new guidance on measurement of credit losses (ASU 2016-13, “Measurement of Credit Losses on Financial Instruments”) with subsequent amendments issued in November 2018 (ASU 2018-19) and April 2019 (ASU 2019-04). This update changes the accounting for credit losses on loans and held-to-maturity debt securities and requires a current expected credit loss (CECL) approach to determine the allowance for credit losses. The Company adopted this guidance effective January 1, 2023 and the adoption of this accounting standard did not have a material impact on the Company’s condensed consolidated financial statements.

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2023
Revenue
REVENUE	NOTE 2 – REVENUE Disaggregation of Revenue The Company’s principal geographic markets are within the U.S. The following is a description of the principal activities, by reportable segment, from which we generate revenue. For more detailed information about reportable segments, see Note 15. Entertainment Publicity and Marketing The Entertainment Publicity and Marketing (“EPM”) segment generates revenue from diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic marketing consulting and content production of marketing materials. Within the EPM segment, we typically identify one performance obligation, the delivery of professional publicity services, in which we typically act as the principal. Fees are generally recognized on a straight-line or monthly basis, as the services are consumed by our clients, which approximates the proportional performance on such contracts. We also enter into management agreements with a roster of social media influencers and are paid a percentage of the revenue earned by the social media influencer. Due to the short-term nature of these contracts, in which we typically act as the agent, the performance obligation is typically completed and revenue is recognized net at a point in time, typically the date of publication. Content Production The Content Production (“CPD”) segment generates revenue from the production of original motion pictures and other digital content production. In the CPD segment, we typically identify performance obligations depending on the type of service, for which we generally act as the principal. Revenue from motion pictures is recognized upon transfer of control of the licensing rights of the motion picture or web series to the customer. For minimum guarantee licensing arrangements, the amount related to each performance obligation is recognized when the content is delivered, and the window for exploitation right in that territory has begun, which is the point in time at which the customer is able to begin to use and benefit from the content. For sales or usage-based royalty income, revenue is recognized starting at the exhibition date and is based on the Company’s participation in the box office receipts of the theatrical exhibitor and the performance of the motion picture. The revenues recorded by the EPM and CPD segments is detailed below: Schedule of revenue by major customers by reporting segments For the Three Months Ended September 30, For the Nine Months Ended September 30, 2023 2022 2023 2022 Entertainment publicity and marketing $ 10,184,511 $ 9,899,013 $ 31,100,867 $ 29,366,748 Content production — — — — Total Revenues $ 10,184,511 $ 9,899,013 $ 31,100,867 $ 29,366,748 Contract Balances The opening and closing balances of our contract liability balances from contracts with customers as of September 30, 2023 and December 31, 2022 were as follows: Schedule of contract liability with customers Contract Balance as of December 31, 2022 $ 1,641,459 Balance as of September 30, 2023 1,923,076 Change $ 281,617 Contract liabilities are recorded when the Company receives advance payments from customers for public relations projects or as deposits for promotional or brand-support video projects. Once the work is performed or the projects are delivered to the customer, the contract liabilities are deemed earned and recorded as revenue. Advance payments received are generally for short duration and are recognized once the performance obligation of the contract is met. Contract liabilities are presented within deferred revenue in the condensed consolidated balance sheets. The change in the contract liability balance relates to the advanced consideration received from customers under the terms of our contracts, primarily related to fees, which are generally recognized shortly after billing. Revenues for the three and nine months ended September 30, 2023 and 2022 include the following: Schedule of contract liability balance Three Months Ended Nine Months Ended 2023 2022 2023 2022 Amounts included in the beginning of year contract liability balance $ 110,834 $ — $ 1,280,985 $ 329,937 The Company’s unsatisfied performance obligations are for contracts that have an original expected duration of one year or less and, as such, the Company is not required to disclose the remaining performance obligation.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	NOTE 3 — GOODWILL AND INTANGIBLE ASSETS Goodwill As of September 30, 2023, the Company had a balance of $ 22,796,683 The Company evaluates goodwill in the fourth quarter or more frequently if management believes indicators of impairment exist. Such indicators could include but are not limited to (1) a significant adverse change in legal factors or in business climate, (2) unanticipated competition, (3) significant decline in market capitalization or (4) an adverse action or assessment by a regulator. During the second quarter of the 2023 year, the Company’s stock price remained constant and did not respond as positively as expected to new information on the Company’s future projects and forecasts; this, in combination with recurring net losses, resulted in the Company’s market capitalization to be less than the Company’s book value. The Company considered this to be a triggering event, and therefore performed a quantitative analysis of the fair value of goodwill during the second quarter of 2023. As a result of this quantitative analysis, during the second quarter of 2023, the Company recorded an impairment of Goodwill amounting to $ 6,517,400 Intangible Assets Finite-lived intangible assets consisted of the following as of September 30, 2023 and December 31, 2022: Schedule of intangible assets September 30, 2023 December 31, 2022 Gross Accumulated Impairment Net Gross Accumulated Net Intangible assets subject to amortization: Customer relationships $ 13,350,000 $ 6,964,552 $ — $ 6,385,448 $ 13,350,000 $ 5,842,498 $ 7,507,502 Trademarks and trade names 4,640,000 2,658,665 341,417 1,639,918 4,640,000 2,283,166 2,356,834 Non-compete agreements 690,000 685,000 — 5,000 690,000 670,000 20,000 $ 18,680,000 $ 10,308,217 $ 341,417 $ 8,030,366 $ 18,680,000 $ 8,795,664 $ 9,884,336 Amortization expense associated with the Company’s intangible assets was $ 503,357 341,833 1,512,554 1,025,499 During the three and nine months ended September 30, 2023, the Company recognized an impairment of the trademarks and trade names of Socialyte and Be Social in connection with the rebranding of both subsidiaries as the new “The Digital Dept.” of the Company. The impairment amount was determined to be the carrying value of both the trademark and trade name intangible assets as of September 30, 2023, which amounted to $ 341,417 Amortization expense related to intangible assets for the remainder of 2023 and thereafter is as follows: Schedule of amortization expense 2023 $ 482,357 2024 1,617,993 2025 1,520,039 2026 1,431,978 2027 820,992 Thereafter 2,157,007 Total $ 8,030,366 The following table presents the changes in goodwill and intangible assets: Schedule of changes in goodwill and intangible assets Goodwill Intangible Assets Balance December 31, 2022 $ 29,314,083 $ 9,884,336 Amortization expense — (505,840 ) Balance March 31, 2023 29,314,083 9,378,496 Amortization expense — (503,357 ) Impairment of goodwill (6,517,400 ) — Balance June 30, 2023 $ 22,796,683 $ 8,875,139 Amortization expense — (503,356 ) Impairment of intangible assets — (341,417 ) Balance September 30, 2023 $ 22,796,683 $ 8,030,366

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	NOTE 4 — ACQUISITIONS Socialyte, LLC On November 14, 2022 (“Closing Date”), the Company, through its wholly owned subsidiary, Social MidCo LLC, (“MidCo”), acquired all of the issued and outstanding membership interests of Socialyte, a Delaware limited liability company (the “Socialyte Purchase”), pursuant to a membership interest purchase agreement dated the Closing Date (the “Socialyte Purchase Agreement”) between the Company and NSL Ventures, LLC (the “Socialyte Seller”). Socialyte is a New York and Los Angeles-based creative agency specializing in social media influencer marketing campaigns for brands. The total consideration paid to the Socialyte Seller in respect to the Socialyte Purchase was $ 14,290,504 2,103,668 5,000,000 5,053,827 1,346,257 3,000,000 685,234 3,000,000 The condensed consolidated statement of operations includes revenues and net loss from Socialyte amounting to $ 1,314,877 (107,674) 3,748,832 (444,857) The following table summarizes the fair value of the consideration transferred: Schedule of consideration transferred Closing common stock (Consideration) $ 4,133,009 Common stock issued at Closing Date as working capital adjustment 2,103,668 Cash consideration paid at closing 5,053,827 Cash consideration paid subsequent to closing (Unsecured Promissory Note issued to Seller) 3,000,000 Fair value of the consideration transferred $ 14,290,504 The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed by the Socialyte Purchase on the Closing Date. Amounts in the table are estimates that may change, as described below. There were no measurement period adjustments during the three and nine months ended September 30, 2023. The measurement period of the Socialyte Purchase concludes on November 14, 2023. Schedule of assets acquired and liabilities assumed November 14, 2022 Cash $ 314,752 Accounts receivable 2,758,265 Accrued revenue 1,040,902 Property, equipment and leasehold improvements 30,826 Prepaid expenses 351,253 Intangibles 5,210,000 Total identifiable assets acquired $ 9,705,998 Accounts payable (3,043,871 ) Accrued expenses and other current liabilities (1,397,292 ) Deferred revenue (1,173,394 ) Total liabilities assumed $ (5,614,557 ) Net identifiable assets acquired 4,091,441 Goodwill 10,199,063 Fair value of the consideration transferred $ 14,290,504

NOTES RECEIVABLE

NOTES RECEIVABLE	9 Months Ended
	Sep. 30, 2023
Credit Loss [Abstract]
NOTES RECEIVABLE	NOTE 5 — NOTES RECEIVABLE The notes receivable held by the Company are unsecured convertible note receivables from JDDC Elemental LLC (“Midnight Theatre”) (the “Notes Receivable”). The Notes Receivable are recorded at their principal face amount plus accrued interest. Due to their short-term maturity and conversion terms, these have been recorded at the face value of the note and an allowance for credit losses has not been established. As of September 30, 2023, the Notes Receivable amounted to $ 4,608,962 500,882 September 30, 2024 103,546 91,711 307,262 204,928 125,000 12,500

EQUITY METHOD INVESTMENTS

EQUITY METHOD INVESTMENTS	9 Months Ended
	Sep. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
EQUITY METHOD INVESTMENTS	NOTE 6 — EQUITY METHOD INVESTMENTS The Company’s equity method investment consisted of: (i) Class A and Class B units of Midnight Theatre and (ii) Series 2 common interest of Stanton South LLC, which operates Crafthouse Cocktails (“Crafthouse Cocktails”). The Company evaluated these investments under the Variable Interest Entity guidance and determined the Company is not the primary beneficiary of either Midnight Theatre or Crafthouse Cocktails, however, it does exercise significant influence over Midnight Theatre and Crafthouse Cocktails; as a result, it accounts for these investments under the equity method of accounting. Equity method investments are included within other long-term assets in the condensed consolidated balance sheets. Midnight Theatre As of September 30, 2023 and December 31, 2022, the investment in Midnight Theatre amounted to $ 681,694 891,494 50,960 209,800 60,786 Crafthouse Cocktails As part of the Company’s ongoing monitoring of its equity method investments, during the three months ended September 30, 2023, the Company determined their investment in Crafthouse Cocktails was impaired and therefore recorded an impairment for the entire balance of its investment as of September 30, 2023. This determination was made after Crafthouse was unable to secure their latest round of funding and the Company concluded the resulting decline in the carrying value of this investment was determined to be other than temporary in nature. The impairment amounted to $ 1,169,587 During the nine months ended September 30, 2023, prior to the impairment recognition, the Company recorded losses in connection with its equity method investment in Crafthouse Cocktails amounting to $ 87,970 no As of December 31, 2022, the investment in Crafthouse Cocktails amounted to $ 361,717 39,437 82,837

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	9 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
OTHER CURRENT LIABILITIES	NOTE 7 — OTHER CURRENT LIABILITIES Other current liabilities consisted of the following: Schedule of other liabilities September 30, December 31, 2023 2022 Accrued funding under Max Steel production agreement $ 620,000 $ 620,000 Accrued audit, legal and other professional fees 426,650 573,049 Accrued commissions 643,492 702,410 Accrued bonuses 569,485 469,953 Talent liability 2,316,098 3,990,984 Accumulated customer deposits 837,476 550,930 Other 639,219 719,510 Total other current liabilities $ 6,052,420 $ 7,626,836

DEBT

DEBT	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
DEBT	NOTE 8 — DEBT Total debt of the Company was as follows as of September 30, 2023 and December 31, 2022: Schedule of debt Debt Type September 30, December 31, Convertible notes payable $ 5,150,000 $ 5,050,000 Convertible note payable - fair value option 350,000 343,556 Non-convertible promissory notes 3,910,859 1,368,960 Non-convertible promissory notes – Socialyte 3,000,000 3,000,000 Loans from related party (see Note 9) 1,107,873 1,107,873 Term loan, net of debt issuance costs (see Note 12) 5,715,887 2,867,592 Total debt $ 19,234,619 $ 13,737,981 Less current portion of debt (4,341,362 ) (4,277,697 ) Noncurrent portion of debt $ 14,893,257 $ 9,460,284 The table below details the maturity dates of the principal amounts for the Company’s debt as of September 30, 2023: Schedule of future annual contractual principal payment commitments of debt Debt Type Maturity Date 2023 2024 2025 2026 2027 Thereafter Convertible notes payable Between October 2024 and March 2030 $ — $ 1,300,000 $ 800,000 $ 450,000 $ 2,600,000 $ 500,000 Non-convertible promissory notes Between November 2023 and March 2029 380,859 500,000 400,000 — — 2,630,000 Non-convertible promissory notes - Socialyte September 2023 3,000,000 — — — — — Term loan September 2028 237,479 997,473 1,083,866 1,176,307 1,276,631 1,028,244 Loans from related party December 2026 — — — 1,107,873 — — $ 3,618,338 $ 2,797,473 $ 2,283,866 $ 2,734,180 $ 3,876,631 $ 4,158,244 Convertible Notes Payable On January 9, 2023, January 13, 2023 and June 15, 2023, the Company issued three convertible notes payable in the aggregate amount of $ 1,000,000 10 2.50 2.00 5,150,000 5,050,000 The Company recorded interest expense related to these convertible notes payable of $ 128,750 80,278 414,880 215,278 413,764 199,445 On June 8, 2023, the holder of two convertible notes converted the aggregate principal balance of $ 900,000 450,000 2.00 9,500 Convertible Note Payable at Fair Value The Company had one convertible promissory note outstanding with aggregate principal amount of $ 500,000 The Company had a balance of $ 350,000 343,556 There was no 45,642 (6,444) 577,522 The Company recorded interest expense related to these convertible notes payable at fair value of $ 9,863 29,589 29,589 Nonconvertible Promissory Notes On February 22, 2023, the Company issued an unsecured nonconvertible promissory note in the amount of $ 2,215,000 2,215,000 415,000 415,000 3,910,859 10 As of September 30, 2023 and December 31, 2022, the Company had a balance of $ 380,859 868,960 3,530,000 500,000 During the nine months ended September 30, 2023, one unsecured nonconvertible promissory note amounting to $ 400,000 The Company recorded interest expense related to these nonconvertible promissory notes of $ 93,142 22,719 238,195 70,996 215,111 73,217 Nonconvertible promissory note - Socialyte Promissory Note As discussed in Note 4, as part of the Socialyte Purchase, the Company entered into the Socialyte Promissory Note amounting to $ 3,000,000 1,500,000 1,500,000 The Socialyte Purchase Agreement allows the Company to offset a working capital deficit against the Socialyte Promissory Note. As such, on June 30, 2023, the Company deferred these installment payments until the final post-closing working capital adjustment is agreed upon with the Socialyte Seller. The Company recorded interest expense related to the Socialyte Promissory Note of $ 30,000 95,000 Credit and Security Agreement In connection with the Socialyte Purchase discussed in Note 4, Socialyte, with MidCo entered into a Credit and Security Agreement with BankProv (“Credit Agreement”), which included a $ 3,000,000 500,000 5,000 875 The Credit Agreement contained financial covenants that require Socialyte to maintain: (1) a quarterly minimum debt service ratio of 1.25:1.00; (2) a quarterly senior funded debt to EBITDA (as defined in the Credit Agreement) not to exceed 3.00:1.00 and (3) quarterly total funded debt to EBITDA (as defined in the Credit Agreement) not to exceed 5.00:1.00, as well as the Company to maintain a minimum liquidity of $ 1,500,000 Term Loan The Term Loan had a term of five years, with a maturity date of November 14, 2027. The Company was required to repay the Term Loan through 60 consecutive monthly payments of principal, based upon a straight-line amortization period of 84 months, based on the principal amount outstanding, plus interest at an annual rate of 7.37%, commencing on December 14, 2022, and continuing on the corresponding day of each month thereafter until it was paid in full. Any remaining unpaid principal balance, including accrued and unpaid interest and fees, if any was to be due and payable in full on November 14, 2027, its maturity date. Interest on the Term Loan was to be payable on a monthly basis. Interest was computed on the basis of a three hundred sixty (360) day year, for the actual number of days elapsed. Default interest was to be charged in accordance with the terms of the Term Loan. During the nine months ended September 30, 2023, the Company made payments of $ 479,745 158,316 Revolver During both the three and nine months ended September 30, 2023, the Company drew $400,000 from the Revolver, which was repaid on September 29, 2023 as part of the Refinancing Transaction discussed below, therefore, as of September 30, 2023, there were no amounts outstanding under the Revolver. When drawn, the outstanding principal balance of the Revolver accrued interest from the date of the draw of the greater of (i) 5.50 0.75 Refinancing Transaction On September 29, 2023, the Company entered into a loan agreement with BankUnited (“BankUnited Loan Agreement”) in which the existing Credit Agreement with BankProv was repaid (the “Refinancing Transaction”). The BankUnited Loan Agreement includes: (i) $ 5,800,000 750,000 400,000 Interest on the BKU Term Loan accrues at 8.10% fixed rate per annum. Principal and interest on the BKU Term Loan shall be payable on a monthly basis based on a 5-year amortization. Interest on the BKU Line of credit is payable on a monthly basis, with all principal due at maturity. The BKU Commercial Card payment is due in full at the end of each bi-weekly billing cycle. The BankUnited Credit Facility contains financial covenants tested semi-annually on a trailing twelve-month basis that require the Company to maintain a minimum debt service coverage ratio of 1.25:1.00 and a maximum funded debt/EBITDA ratio of 3.00:1.00. In addition, the BankUnited Credit Facility contains a liquidity covenant that requires the Company to hold a cash balance at BankUnited with a daily minimum deposit balance of $ 1,500,000 The Refinancing Transaction was accounted for as an extinguishment of debt. In connection with this extinguishment, the Company incurred a prepayment penalty of $ 79,286 91,859

LOANS FROM RELATED PARTY

LOANS FROM RELATED PARTY	9 Months Ended
	Sep. 30, 2023
Loans From Related Party
LOANS FROM RELATED PARTY	NOTE 9 — LOANS FROM RELATED PARTY The Company issued Dolphin Entertainment, LLC (“DE LLC”), an entity wholly owned by the Company’s Chief Executive Officer, William O’Dowd (the “CEO”), a promissory note (the “DE LLC Note”) which matures on December 31, 2026. As of both September 30, 2023 and December 31, 2022, the Company had a principal balance of $ 1,107,873 249,499 166,636 The Company recorded interest expense of $ 27,924 82,863

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 10 — FAIR VALUE MEASUREMENTS The Company’s non-financial assets measured at fair value on a nonrecurring basis include goodwill and intangible assets. The determination of our intangible fair values includes several assumptions and inputs (Level 3) that are subject to various risks and uncertainties. Management believes it has made reasonable estimates and judgments concerning these risks and uncertainties. All other financial assets and liabilities are carried at amortized cost. The Company’s cash balances are representative of their fair values, as these balances are comprised of deposits available on demand. The carrying amounts of accounts receivable, notes receivable, prepaid and other current assets, accounts payable and other non-current liabilities approximate their fair values because of the short turnover of these instruments. Financial Disclosures about Fair Value of Financial Instruments The tables below set forth information related to the Company’s consolidated financial instruments: Schedule of consolidated financial instruments Level in September 30, 2023 December 31, 2022 Fair Value Carrying Fair Carrying Fair Hierarchy Amount Value Amount Value Assets: Cash and cash equivalents 1 $ 6,406,646 $ 6,406,646 $ 6,069,889 $ 6,069,889 Restricted cash 1 3,723,868 3,723,868 1,127,960 1,127,960 Liabilities: Convertible notes payable 3 $ 5,150,000 $ 4,725,000 $ 5,050,000 $ 4,865,000 Convertible note payable at fair value 3 350,000 350,000 343,556 343,556 Warrant liability 3 10,000 10,000 15,000 15,000 Contingent consideration 3 — — 738,821 738,821 Convertible notes payable As of September 30, 2023, the Company has ten outstanding convertible notes payable with aggregate principal amount of $ 5,150,000 Schedule of convertible notes payable September 30, 2023 December 31, 2022 Level Carrying Amount Fair Value Carrying Amount Fair Value 10% convertible notes due in October 2024 3 $ 800,000 $ 807,000 $ 800,000 $ 817,000 10% convertible notes due in November 2024 3 — — 500,000 $ 513,000 10% convertible notes due in December 2024 3 500,000 499,000 900,000 $ 912,000 10% convertible notes due in January 2025 3 800,000 806,000 — $ — 10% convertible notes due in November 2026 3 300,000 271,000 300,000 $ 285,000 10% convertible notes due in December 2026 3 150,000 135,000 150,000 $ 143,000 10% convertible notes due in June 2027 3 200,000 174,000 — — 10% convertible notes due in August 2027 3 2,000,000 1,700,000 2,000,000 $ 1,834,000 10% convertible notes due in September 2027 3 400,000 333,000 400,000 $ 361,000 $ 5,150,000 $ 4,725,000 $ 5,050,000 $ 4,865,000 The estimated fair value of the convertible notes was computed using a Monte Carlo Simulation, using the following assumptions: Schedule of estimated fair value Fair Value Assumption – Convertible Debt September 30, 2023 December 31, 2022 Stock Price $ 1.80 $ 1.81 Minimum Conversion Price $ 2.00 2.50 $ 2.00 2.50 Annual Asset Volatility Estimate 100 % 100 % Risk Free Discount Rate (based on U.S. government treasury obligation with a term similar to that of the convertible note) 4.70 5.46 % 4.02 4.49 % Fair Value Option (“FVO”) Election – Convertible note payable and freestanding warrants Convertible note payable, at fair value As of September 30, 2023, the Company has one outstanding convertible note payable with a face value of $ 500,000 th The March 4 th Schedule of estimated fair value March 4 th Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2022 $ 343,556 (Gain) Loss on the change in fair value reported in the condensed consolidated statements of operations 6,444 Ending fair value balance reported on the condensed consolidated balance sheet at September 30, 2023 $ 350,000 The estimated fair value of the March 4 th Schedule of estimated fair value of assumptions September 30, 2023 December 31, 2022 Face value principal payable $ 500,000 $ 500,000 Original conversion price $ 3.91 $ 3.91 Value of common stock $ 1.80 $ 1.81 Expected term (years) 6.43 7.18 Volatility 90 % 100 % Risk free rate 4.61 % 3.96 % Warrants In connection with the March 4 th Schedule of estimated fair value Fair Value: Series I Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2022 $ 15,000 (Gain) Loss on the change in fair value reported in the condensed consolidated statements of operations (5,000) Ending fair value balance reported on the condensed consolidated balance sheet at September 30, 2023 $ 10,000 The estimated fair value of the Series “I” Warrants was computed using a Black-Scholes valuation model, using the following assumptions: Schedule of estimated fair value of assumptions Fair Value Assumption - Series “I” Warrants September 30, 2023 December 31, 2022 Exercise Price per share $ 3.91 $ 3.91 Value of common stock $ 1.80 $ 1.81 Expected term (years) 1.92 2.67 Volatility 80 % 100 % Dividend yield 0 % 0 % Risk free rate 5.06 % 4.28 % Contingent consideration The Company records the fair value of the contingent consideration liability in the consolidated balance sheets under the caption “Contingent consideration” and records changes to the liability against earnings or loss under the caption “Change in fair value of contingent consideration” in the consolidated statements of operations. As of September 30, 2023, the Company had paid off all contingent consideration related to the acquisition of Be Social. For the contingent consideration, which is measured at fair value categorized within Level 3 of the fair value hierarchy, the following is a reconciliation of the fair values from December 31, 2022 to September 30, 2023: Schedule of reconciliation of the fair values Be Social Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2022 $ 738,821 Loss on change of fair value reported in the condensed consolidated statements of operations 33,226 Settlement of contingent consideration (1) (772,047 ) Ending fair value balance reported in the condensed consolidated balance sheet at September 30, 2023 $ — (1) On April 25, 2023, the Company settled the contingent consideration liability related to Be Social through payment of $ 500,000 148,687 272,047

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 11 — STOCKHOLDERS’ EQUITY 2021 Lincoln Park Transaction On December 29, 2021, the Company entered into a purchase agreement (the “LP 2021 Purchase Agreement”) and a registration rights agreement (the “LP 2021 Registration Rights Agreement”) with Lincoln Park Capital Fund, LLC (“Lincoln Park”), pursuant to which Lincoln Park agreed to purchase from the Company up to $ 25,000,000 51,827 37,019 During the nine months ended September 30, 2022, excluding the additional commitment shares disclosed above, the Company sold 1,035,000 3.47 5.15 4,367,640 The LP 2021 Purchase Agreement was terminated effective August 12, 2022 and the Company did not sell any shares pursuant to this agreement during the three months ended September 30, 2022. 2022 Lincoln Park Transaction On August 10, 2022, the Company entered into a new purchase agreement (the “LP 2022 Purchase Agreement”) and a registration rights agreement (the “LP 2022 Registration Rights Agreement”) with Lincoln Park, pursuant to which the Company could sell and issue to Lincoln Park, and Lincoln Park was obligated to purchase, up to $ 25,000,000 The Company may direct Lincoln Park, at its sole discretion, and subject to certain conditions, to purchase up to 50,000 shares of its common stock on any business day (a “Regular Purchase”). The amount of a Regular Purchase may be increased under certain circumstances up to 75,000 shares if the closing price is not below $7.50 and up to 100,000 shares if the closing price is not below $10.00, provided that Lincoln Park’s committed obligation for Regular Purchases on any business day shall not exceed $2,000,000 Pursuant to the terms of the LP 2022 Purchase Agreement, at the time the Company signed the LP 2022 Purchase Agreement and the LP 2022 Registration Rights Agreement, the Company issued 57,313 During the three and nine months ended September 30, 2023, the Company sold 300,000 1,150,000 1.65 2.27 550,850 2,162,150 During both the three and nine months ended September 30, 2022, excluding the additional commitment shares disclosed above, the Company sold 245,000 2.42 3.72 681,460 The Company evaluated the contract that includes the right to require Lincoln Park to purchase shares of its common stock in the future (“put right”) considering the guidance in ASC 815-40, “Derivatives and Hedging — Contracts on an Entity’s Own Equity” (“ASC 815-40”) and concluded that it is an equity-linked contract that does not qualify for equity classification, and therefore requires fair value accounting. The Company has analyzed the terms of the freestanding put right and has concluded that it has insignificant value as of September 30, 2023.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	NOTE 12 — SHARE-BASED COMPENSATION Shares issued related to employment agreements Pursuant to the employment agreement between the Company and Mr. Anthony Francisco, he is entitled to receive share awards amounting to $ 25,000 100,000 6,366 2.24 7,966 2.01 During the three and nine months ended September 30, 2023, the Company paid the salary of certain employees at one if its subsidiaries in fully vested shares of the Company’s common stock. During the three and nine months ended September 30, 2023, the Company issued an aggregate of 49,518 125,069 86,942 237,883

LOSS PER SHARE

LOSS PER SHARE	9 Months Ended
	Sep. 30, 2023
Loss per share:
LOSS PER SHARE	NOTE 13 — LOSS PER SHARE The following table sets forth the computation of basic and diluted loss per share: Schedule of computation of basic and diluted loss per share Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator Net loss $ (3,863,328 ) $ (1,311,719 ) $ (14,791,892 ) $ (2,850,863 ) Net income attributable to participating securities — — — — Net loss attributable to Dolphin Entertainment common stock shareholders and numerator for basic loss per share (3,863,328 ) (1,311,719 ) (14,791,892 ) (2,850,863 ) Change in fair value of convertible notes payable — (45,642 ) — (577,522 ) Change in fair value of warrants — (10,000 ) — (105,000 ) Interest expense — 9,863 — 29,589 Numerator for diluted loss per share $ (3,863,328 ) $ (1,357,498 ) $ (14,791,892 ) $ (3,503,796 ) Denominator Denominator for basic EPS - weighted-average shares 14,121,275 9,664,681 13,328,138 9,307,830 Effect of dilutive securities: Warrants — 1,157 — 2,100 Convertible notes payable — 127,877 — 127,877 Denominator for diluted EPS - adjusted weighted-average shares 14,121,275 9,793,715 13,328,138 9,437,807 Basic loss per share $ (0.27 ) $ (0.14 ) $ (1.11 ) $ (0.31 ) Diluted loss per share $ (0.27 ) $ (0.14 ) $ (1.11 ) $ (0.37 ) Basic (loss) earnings per share is computed by dividing income or loss attributable to the shareholders of common stock (the numerator) by the weighted-average number of shares of common stock outstanding (the denominator) for the period. Diluted (loss) earnings per share assume that any dilutive equity instruments, such as convertible notes payable and warrants were exercised and outstanding common stock adjusted accordingly, if their effect is dilutive. One of the Company’s convertible notes payable, the warrants and the Series C Preferred Stock have clauses that entitle the holder to participate if dividends are declared to the common stockholders as if the instruments had been converted into shares of common stock. As such, the Company uses the two-class method to compute earnings per share and attributes a portion of the Company’s net income to these participating securities. These securities do not contractually participate in losses. For the three months ended September 30, 2023 and 2022, and the nine months ended September 30, 2023 and 2022, the Company had a net loss and as such the two-class method is not presented. For the three and nine months ended September 30, 2023 potentially dilutive instruments including 2,883,759 2,656,640 no For the three and nine months ended September 30, 2022, the convertible promissory note carried at fair value and the outstanding warrants were included in the calculation of fully diluted loss per share. The other convertible notes carried at their principal loan amount, convertible into an aggregate of 578,313 663,801

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 14 — RELATED PARTY TRANSACTIONS As part of the employment agreement with its CEO, the Company provided a $ 1,000,000 1,625,000 10 As of September 30, 2023 and December 31, 2022, the Company had accrued $ 2,625,000 1,374,422 1,578,088 66,164 196,336 400,000 The Company entered into the DE LLC Note with an entity wholly owned by our CEO. See Note 9 for further discussion.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 15 — SEGMENT INFORMATION The Company operates in two reportable segments, Entertainment Publicity and Marketing Segment (“EPM”) and Content Production Segment (“CPD”). · The Entertainment Publicity and Marketing segment is composed of 42West, The Door, Viewpoint, Shore Fire, Be Social, B/HI and Socialyte. This segment primarily provides clients with diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic marketing consulting and content production of marketing materials. · The Content Production segment is composed of Dolphin Entertainment and Dolphin Films. This segment engages in the production and distribution of digital content and feature films. The activities of our Content Production segment also include all corporate overhead activities. The profitability measure employed by our chief operating decision maker for allocating resources to operating segments and assessing operating segment performance is operating income (loss) which is the same as (Loss) income from operations on the Company’s condensed consolidated statements of operations for the three and nine months ended September 30, 2023 and 2022. Salaries and related expenses include salaries, bonuses, commissions and other incentive related expenses. Legal and professional expenses primarily include professional fees related to financial statement audits, legal, investor relations and other consulting services, which are engaged and managed by each of the segments. In addition, general and administrative expenses include rental expense and depreciation of property, equipment and leasehold improvements for properties occupied by corporate office employees. All segments follow the same accounting policies as those described in the Annual Report on Form 10-K for the year ended December 31, 2022. In connection with the acquisitions of 42West, The Door, Viewpoint, Shore Fire, Be Social, B/HI and Socialyte, the Company assigned $ 8,030,366 10,649,635 22,796,683 6,517,400 Schedule of revenue and assets by segment Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Revenues: EPM $ 10,184,511 $ 9,899,013 $ 31,100,867 $ 29,366,748 CPD — — — — Total $ 10,184,511 $ 9,899,013 $ 31,100,867 $ 29,366,748 Segment Operating Income (Loss): EPM $ 1,032,134 $ 604,837 $ (8,142,846 ) $ 1,978,016 CPD (3,143,489 ) (1,738,604 ) (3,985,250 ) (4,945,222 ) Total operating (loss) income (2,111,355 ) (1,133,767 ) (12,128,096 ) (2,967,206 ) Interest expense, net (604,669 ) (126,147 ) (1,413,177 ) (400,884 ) Other income (expenses), net 104,303 55,642 307,980 682,522 Loss before income taxes and equity in losses of unconsolidated affiliates $ (2,611,721 ) $ (1,204,272 ) $ (13,233,293 ) $ (2,685,568 ) As of As of Total assets: EPM $ 53,709,956 $ 68,678,335 CPD 12,030,312 6,698,497 Total $ 65,740,268 $ 75,376,832

LEASES

LEASES	9 Months Ended
	Sep. 30, 2023
Leases
LEASES	NOTE 16 — LEASES The Company and its subsidiaries are party to various office leases with terms expiring at different dates through November 2027. The amortizable life of the right-of-use asset is limited by the expected lease term. Although certain leases include options to extend the Company did not include these in the right-of-use asset or lease liability calculations because it is not reasonably certain that the options will be executed. Schedule of right of use asset or lease liability calculations Operating Leases As of As of Assets Right-of-use asset $ 5,853,482 $ 7,341,045 Liabilities Current Lease liability $ 2,039,462 $ 2,073,547 Noncurrent Lease liability $ 4,518,719 $ 6,012,049 Total operating lease liability $ 6,558,181 $ 8,085,596 Schedule of finance lease Finance Lease As of As of Assets Right-of-use asset $ 143,250 $ — Liabilities Current Lease liability $ 49,835 $ — Noncurrent Lease liability $ 94,985 $ — Total finance lease liability $ 144,820 $ — The tables below show the lease income and expenses recorded in the condensed consolidated statements of operations incurred during the three and nine months ended September 30, 2023 and 2022 for operating and financing leases, respectively. Schedule of lease income and expenses Three Months Ended September 30, Nine Months Ended September 30, Lease costs Classification 2023 2022 2023 2022 Operating lease costs Selling, general and administrative expenses $ 699,983 $ 709,542 $ 2,109,576 $ 1,876,153 Sublease income Selling, general and administrative expenses (109,807 ) (106,247 ) (330,189 ) (228,230 ) Net operating lease costs $ 590,176 $ 603,295 $ 1,779,387 $ 1,647,923 Three Months Ended September 30, Nine Months Ended September 30, Lease costs Classification 2023 2022 2023 2022 Amortization of right-of-use assets Selling, general and administrative expenses $ 10,589 $ — $ 15,840 $ — Interest on lease liability Selling, general and administrative expenses 2,415 — 13,089 — Total finance lease costs $ 13,004 $ — $ 28,929 $ — During the nine months ended September 30, 2022, the Company recorded an impairment of its ROU asset amounting to $ 98,857 Lease Payments For the nine months ended September 30, 2023 and 2022, the Company made payments in cash related to its operating leases in the amounts of $ 1,999,745 1,567,453 Future minimum lease payments for leases for the remainder of 2023 and thereafter, were as follows: Schedule of future minimum payments under operating lease agreements Year Operating Leases Finance Leases 2023 $ 640,419 $ 14,918 2024 2,531,307 59,670 2025 1,979,589 59,670 2026 1,782,057 26,929 2027 719,794 — Total lease payments $ 7,653,166 $ 161,187 Less: Imputed interest (1,094,985 ) (16,367 ) Present value of lease liabilities $ 6,558,181 $ 144,820 As of September 30, 2023, the Company’s weighted average remaining lease term on its operating and finance leases is 3.27 2.71 8.79 8.60

COLLABORATIVE ARRANGEMENT

COLLABORATIVE ARRANGEMENT	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
COLLABORATIVE ARRANGEMENT	NOTE 17 — COLLABORATIVE ARRANGEMENT IMAX Co-Production Agreement On June 24, 2022, the Company entered into an agreement with IMAX Corporation (“IMAX”) to co-produce and co-finance a documentary motion picture on the flight demonstration squadron of the United States Navy, called The Blue Angels (“Blue Angels Agreement”). IMAX and Dolphin have each agreed to fund 50% of the production budget. As of December 31, 2022, the Company had paid $ 1,500,000 500,000 250,000 As production of the documentary motion picture is not complete, no income or expense has been recorded in connection with the Blue Angels Agreement during the three and nine months ended September 30, 2023. We have evaluated the Blue Angels Agreement and have determined that it is a collaborative arrangement under FASB ASC Topic 808 “Collaborative Arrangements”. We will reevaluate whether an arrangement qualifies or continues to qualify as a collaborative arrangement whenever there is a change in either the roles of the participants or the participants’ exposure to significant risks and rewards, dependent upon the ultimate commercial success of documentary motion picture. On April 25, 2023, IMAX entered into an acquisition agreement with Amazon Content Services, LLC for the distribution rights of Blue Angels. The Company estimates that it will derive approximately $ 3.5

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 18 — COMMITMENTS AND CONTINGENCIES Litigation The Company may be subject to legal proceedings, claims, and liabilities that arise in the ordinary course of business. The Company is not aware of any pending litigation as of the date of this report and, therefore, in the opinion of management and based upon the advice of its outside counsels, the liability, if any, from any pending litigation is not expected to have a material effect in the Company’s financial position, results of operations and cash flows. IMAX Co-Production Agreement As discussed in Note 17, on June 24, 2022, the Company entered into the Blue Angels Agreement with IMAX. Under the terms of this agreement, on April 26, 2023, the Company funded the remaining $ 500,000 2,000,000 250,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 19 — SUBSEQUENT EVENTS On October 31, 2023, the Company entered into an Underwriting Agreement (the “Underwriting Agreement”) with Maxim Group LLC (the “Underwriter”), pursuant to which the Company agreed to issue and sell to the Underwriter in an underwritten public offering (the “Offering”) an aggregate of 1,400,000 shares of the Company’s common stock at a price of $1.65 per share. Under the terms of the Underwriting Agreement, the Company granted the Underwriter an option, exercisable for 45 days, to purchase an additional 210,000 shares of the Company’s common stock. The Company received gross proceeds of approximately $2,310,000 before deducting underwriting discounts and commissions and estimated offering expenses that are payable by the Company. On October 2, 2023, (the “Special Projects Closing Date”), the Company acquired all of the issued and outstanding membership interest of Special Projects Media LLC, a New York limited liability company (“Special Projects”), pursuant to a membership interest purchase agreement (the “Special Projects Purchase Agreement”) between the Company and Andrea Oliveri, Nicole Vecchiarelli, Foxglove Corp and Alexandra Alonso (“Sellers”). Special Projects is a talent booking and events agency that elevates media, fashion, and lifestyle brands. Special Projects has headquarters in New York and Los Angeles. The consideration paid by the Company in connection with the acquisition of Special Projects is approximately $ 10.0 5.0 2.5

GENERAL (Policies)

GENERAL (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Dolphin, and all of its wholly owned subsidiaries, comprising Dolphin Films, Inc. (“Dolphin Films”), Dolphin SB Productions LLC, Dolphin Max Steel Holdings, LLC, Dolphin JB Believe Financing, LLC, Dolphin JOAT Productions, LLC, 42West, The Door, Viewpoint, Shore Fire, Be Social, B/HI and Socialyte. The Company applies the equity method of accounting for its investments in entities for which it does not have a controlling financial interest, but over which it has the ability to exert significant influence. The unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of its financial position as of September 30, 2023, and its results of operations and cash flows for the three and nine months ended September 30, 2023 and 2022. All significant inter-company balances and transactions have been eliminated from the condensed consolidated financial statements. Operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2023. The condensed consolidated balance sheet as of December 31, 2022 has been derived from the audited financial statements at that date but does not include all the information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed consolidated financial statements should be read together with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The most significant estimates made by management in the preparation of the financial statements relate to the estimates in the fair value of acquisitions, estimates in assumptions used to calculate the fair value of certain liabilities and impairment assessments for investment in capitalized production costs, goodwill and long-lived assets. Actual results could differ materially from such estimates.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform with current year presentation. These reclassifications had no impact on the Company’s condensed consolidated statements of operations or condensed consolidated statements of cash flows.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Guidance Adopted In June 2016, the FASB issued new guidance on measurement of credit losses (ASU 2016-13, “Measurement of Credit Losses on Financial Instruments”) with subsequent amendments issued in November 2018 (ASU 2018-19) and April 2019 (ASU 2019-04). This update changes the accounting for credit losses on loans and held-to-maturity debt securities and requires a current expected credit loss (CECL) approach to determine the allowance for credit losses. The Company adopted this guidance effective January 1, 2023 and the adoption of this accounting standard did not have a material impact on the Company’s condensed consolidated financial statements.

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue
Schedule of revenue by major customers by reporting segments	Schedule of revenue by major customers by reporting segments For the Three Months Ended September 30, For the Nine Months Ended September 30, 2023 2022 2023 2022 Entertainment publicity and marketing $ 10,184,511 $ 9,899,013 $ 31,100,867 $ 29,366,748 Content production — — — — Total Revenues $ 10,184,511 $ 9,899,013 $ 31,100,867 $ 29,366,748
Schedule of contract liability with customers	Schedule of contract liability with customers Contract Balance as of December 31, 2022 $ 1,641,459 Balance as of September 30, 2023 1,923,076 Change $ 281,617
Schedule of contract liability balance	Schedule of contract liability balance Three Months Ended Nine Months Ended 2023 2022 2023 2022 Amounts included in the beginning of year contract liability balance $ 110,834 $ — $ 1,280,985 $ 329,937

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Schedule of intangible assets September 30, 2023 December 31, 2022 Gross Accumulated Impairment Net Gross Accumulated Net Intangible assets subject to amortization: Customer relationships $ 13,350,000 $ 6,964,552 $ — $ 6,385,448 $ 13,350,000 $ 5,842,498 $ 7,507,502 Trademarks and trade names 4,640,000 2,658,665 341,417 1,639,918 4,640,000 2,283,166 2,356,834 Non-compete agreements 690,000 685,000 — 5,000 690,000 670,000 20,000 $ 18,680,000 $ 10,308,217 $ 341,417 $ 8,030,366 $ 18,680,000 $ 8,795,664 $ 9,884,336
Schedule of amortization expense	Schedule of amortization expense 2023 $ 482,357 2024 1,617,993 2025 1,520,039 2026 1,431,978 2027 820,992 Thereafter 2,157,007 Total $ 8,030,366
Schedule of changes in goodwill and intangible assets	Schedule of changes in goodwill and intangible assets Goodwill Intangible Assets Balance December 31, 2022 $ 29,314,083 $ 9,884,336 Amortization expense — (505,840 ) Balance March 31, 2023 29,314,083 9,378,496 Amortization expense — (503,357 ) Impairment of goodwill (6,517,400 ) — Balance June 30, 2023 $ 22,796,683 $ 8,875,139 Amortization expense — (503,356 ) Impairment of intangible assets — (341,417 ) Balance September 30, 2023 $ 22,796,683 $ 8,030,366

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of consideration transferred	Schedule of consideration transferred Closing common stock (Consideration) $ 4,133,009 Common stock issued at Closing Date as working capital adjustment 2,103,668 Cash consideration paid at closing 5,053,827 Cash consideration paid subsequent to closing (Unsecured Promissory Note issued to Seller) 3,000,000 Fair value of the consideration transferred $ 14,290,504
Schedule of assets acquired and liabilities assumed	Schedule of assets acquired and liabilities assumed November 14, 2022 Cash $ 314,752 Accounts receivable 2,758,265 Accrued revenue 1,040,902 Property, equipment and leasehold improvements 30,826 Prepaid expenses 351,253 Intangibles 5,210,000 Total identifiable assets acquired $ 9,705,998 Accounts payable (3,043,871 ) Accrued expenses and other current liabilities (1,397,292 ) Deferred revenue (1,173,394 ) Total liabilities assumed $ (5,614,557 ) Net identifiable assets acquired 4,091,441 Goodwill 10,199,063 Fair value of the consideration transferred $ 14,290,504

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
Schedule of other liabilities	Schedule of other liabilities September 30, December 31, 2023 2022 Accrued funding under Max Steel production agreement $ 620,000 $ 620,000 Accrued audit, legal and other professional fees 426,650 573,049 Accrued commissions 643,492 702,410 Accrued bonuses 569,485 469,953 Talent liability 2,316,098 3,990,984 Accumulated customer deposits 837,476 550,930 Other 639,219 719,510 Total other current liabilities $ 6,052,420 $ 7,626,836

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of debt	Schedule of debt Debt Type September 30, December 31, Convertible notes payable $ 5,150,000 $ 5,050,000 Convertible note payable - fair value option 350,000 343,556 Non-convertible promissory notes 3,910,859 1,368,960 Non-convertible promissory notes – Socialyte 3,000,000 3,000,000 Loans from related party (see Note 9) 1,107,873 1,107,873 Term loan, net of debt issuance costs (see Note 12) 5,715,887 2,867,592 Total debt $ 19,234,619 $ 13,737,981 Less current portion of debt (4,341,362 ) (4,277,697 ) Noncurrent portion of debt $ 14,893,257 $ 9,460,284
Schedule of future annual contractual principal payment commitments of debt	Schedule of future annual contractual principal payment commitments of debt Debt Type Maturity Date 2023 2024 2025 2026 2027 Thereafter Convertible notes payable Between October 2024 and March 2030 $ — $ 1,300,000 $ 800,000 $ 450,000 $ 2,600,000 $ 500,000 Non-convertible promissory notes Between November 2023 and March 2029 380,859 500,000 400,000 — — 2,630,000 Non-convertible promissory notes - Socialyte September 2023 3,000,000 — — — — — Term loan September 2028 237,479 997,473 1,083,866 1,176,307 1,276,631 1,028,244 Loans from related party December 2026 — — — 1,107,873 — — $ 3,618,338 $ 2,797,473 $ 2,283,866 $ 2,734,180 $ 3,876,631 $ 4,158,244

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
Related Party Transaction [Line Items]
Schedule of consolidated financial instruments	Schedule of consolidated financial instruments Level in September 30, 2023 December 31, 2022 Fair Value Carrying Fair Carrying Fair Hierarchy Amount Value Amount Value Assets: Cash and cash equivalents 1 $ 6,406,646 $ 6,406,646 $ 6,069,889 $ 6,069,889 Restricted cash 1 3,723,868 3,723,868 1,127,960 1,127,960 Liabilities: Convertible notes payable 3 $ 5,150,000 $ 4,725,000 $ 5,050,000 $ 4,865,000 Convertible note payable at fair value 3 350,000 350,000 343,556 343,556 Warrant liability 3 10,000 10,000 15,000 15,000 Contingent consideration 3 — — 738,821 738,821
Schedule of convertible notes payable	Schedule of convertible notes payable September 30, 2023 December 31, 2022 Level Carrying Amount Fair Value Carrying Amount Fair Value 10% convertible notes due in October 2024 3 $ 800,000 $ 807,000 $ 800,000 $ 817,000 10% convertible notes due in November 2024 3 — — 500,000 $ 513,000 10% convertible notes due in December 2024 3 500,000 499,000 900,000 $ 912,000 10% convertible notes due in January 2025 3 800,000 806,000 — $ — 10% convertible notes due in November 2026 3 300,000 271,000 300,000 $ 285,000 10% convertible notes due in December 2026 3 150,000 135,000 150,000 $ 143,000 10% convertible notes due in June 2027 3 200,000 174,000 — — 10% convertible notes due in August 2027 3 2,000,000 1,700,000 2,000,000 $ 1,834,000 10% convertible notes due in September 2027 3 400,000 333,000 400,000 $ 361,000 $ 5,150,000 $ 4,725,000 $ 5,050,000 $ 4,865,000
Schedule of estimated fair value of assumptions	Schedule of estimated fair value of assumptions September 30, 2023 December 31, 2022 Face value principal payable $ 500,000 $ 500,000 Original conversion price $ 3.91 $ 3.91 Value of common stock $ 1.80 $ 1.81 Expected term (years) 6.43 7.18 Volatility 90 % 100 % Risk free rate 4.61 % 3.96 %
Schedule of estimated fair value	Schedule of estimated fair value March 4 th Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2022 $ 343,556 (Gain) Loss on the change in fair value reported in the condensed consolidated statements of operations 6,444 Ending fair value balance reported on the condensed consolidated balance sheet at September 30, 2023 $ 350,000
Schedule of reconciliation of the fair values	Schedule of reconciliation of the fair values Be Social Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2022 $ 738,821 Loss on change of fair value reported in the condensed consolidated statements of operations 33,226 Settlement of contingent consideration (1) (772,047 ) Ending fair value balance reported in the condensed consolidated balance sheet at September 30, 2023 $ —
Convertible Debt [Member]
Related Party Transaction [Line Items]
Schedule of estimated fair value of assumptions	Schedule of estimated fair value Fair Value Assumption – Convertible Debt September 30, 2023 December 31, 2022 Stock Price $ 1.80 $ 1.81 Minimum Conversion Price $ 2.00 2.50 $ 2.00 2.50 Annual Asset Volatility Estimate 100 % 100 % Risk Free Discount Rate (based on U.S. government treasury obligation with a term similar to that of the convertible note) 4.70 5.46 % 4.02 4.49 %
Series I Warrant [Member]
Related Party Transaction [Line Items]
Schedule of estimated fair value of assumptions	Schedule of estimated fair value of assumptions Fair Value Assumption - Series “I” Warrants September 30, 2023 December 31, 2022 Exercise Price per share $ 3.91 $ 3.91 Value of common stock $ 1.80 $ 1.81 Expected term (years) 1.92 2.67 Volatility 80 % 100 % Dividend yield 0 % 0 % Risk free rate 5.06 % 4.28 %
Schedule of estimated fair value	Schedule of estimated fair value Fair Value: Series I Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2022 $ 15,000 (Gain) Loss on the change in fair value reported in the condensed consolidated statements of operations (5,000) Ending fair value balance reported on the condensed consolidated balance sheet at September 30, 2023 $ 10,000

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2023
Loss per share:
Schedule of computation of basic and diluted loss per share	Schedule of computation of basic and diluted loss per share Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator Net loss $ (3,863,328 ) $ (1,311,719 ) $ (14,791,892 ) $ (2,850,863 ) Net income attributable to participating securities — — — — Net loss attributable to Dolphin Entertainment common stock shareholders and numerator for basic loss per share (3,863,328 ) (1,311,719 ) (14,791,892 ) (2,850,863 ) Change in fair value of convertible notes payable — (45,642 ) — (577,522 ) Change in fair value of warrants — (10,000 ) — (105,000 ) Interest expense — 9,863 — 29,589 Numerator for diluted loss per share $ (3,863,328 ) $ (1,357,498 ) $ (14,791,892 ) $ (3,503,796 ) Denominator Denominator for basic EPS - weighted-average shares 14,121,275 9,664,681 13,328,138 9,307,830 Effect of dilutive securities: Warrants — 1,157 — 2,100 Convertible notes payable — 127,877 — 127,877 Denominator for diluted EPS - adjusted weighted-average shares 14,121,275 9,793,715 13,328,138 9,437,807 Basic loss per share $ (0.27 ) $ (0.14 ) $ (1.11 ) $ (0.31 ) Diluted loss per share $ (0.27 ) $ (0.14 ) $ (1.11 ) $ (0.37 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of revenue and assets by segment	Schedule of revenue and assets by segment Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Revenues: EPM $ 10,184,511 $ 9,899,013 $ 31,100,867 $ 29,366,748 CPD — — — — Total $ 10,184,511 $ 9,899,013 $ 31,100,867 $ 29,366,748 Segment Operating Income (Loss): EPM $ 1,032,134 $ 604,837 $ (8,142,846 ) $ 1,978,016 CPD (3,143,489 ) (1,738,604 ) (3,985,250 ) (4,945,222 ) Total operating (loss) income (2,111,355 ) (1,133,767 ) (12,128,096 ) (2,967,206 ) Interest expense, net (604,669 ) (126,147 ) (1,413,177 ) (400,884 ) Other income (expenses), net 104,303 55,642 307,980 682,522 Loss before income taxes and equity in losses of unconsolidated affiliates $ (2,611,721 ) $ (1,204,272 ) $ (13,233,293 ) $ (2,685,568 ) As of As of Total assets: EPM $ 53,709,956 $ 68,678,335 CPD 12,030,312 6,698,497 Total $ 65,740,268 $ 75,376,832

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2023
Leases
Schedule of right of use asset or lease liability calculations	Schedule of right of use asset or lease liability calculations Operating Leases As of As of Assets Right-of-use asset $ 5,853,482 $ 7,341,045 Liabilities Current Lease liability $ 2,039,462 $ 2,073,547 Noncurrent Lease liability $ 4,518,719 $ 6,012,049 Total operating lease liability $ 6,558,181 $ 8,085,596
Schedule of finance lease	Schedule of finance lease Finance Lease As of As of Assets Right-of-use asset $ 143,250 $ — Liabilities Current Lease liability $ 49,835 $ — Noncurrent Lease liability $ 94,985 $ — Total finance lease liability $ 144,820 $ —
Schedule of lease income and expenses	Schedule of lease income and expenses Three Months Ended September 30, Nine Months Ended September 30, Lease costs Classification 2023 2022 2023 2022 Operating lease costs Selling, general and administrative expenses $ 699,983 $ 709,542 $ 2,109,576 $ 1,876,153 Sublease income Selling, general and administrative expenses (109,807 ) (106,247 ) (330,189 ) (228,230 ) Net operating lease costs $ 590,176 $ 603,295 $ 1,779,387 $ 1,647,923 Three Months Ended September 30, Nine Months Ended September 30, Lease costs Classification 2023 2022 2023 2022 Amortization of right-of-use assets Selling, general and administrative expenses $ 10,589 $ — $ 15,840 $ — Interest on lease liability Selling, general and administrative expenses 2,415 — 13,089 — Total finance lease costs $ 13,004 $ — $ 28,929 $ —
Schedule of future minimum payments under operating lease agreements	Schedule of future minimum payments under operating lease agreements Year Operating Leases Finance Leases 2023 $ 640,419 $ 14,918 2024 2,531,307 59,670 2025 1,979,589 59,670 2026 1,782,057 26,929 2027 719,794 — Total lease payments $ 7,653,166 $ 161,187 Less: Imputed interest (1,094,985 ) (16,367 ) Present value of lease liabilities $ 6,558,181 $ 144,820

REVENUE (Schedule of revenue by

REVENUE (Schedule of revenue by segment) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Total Revenues	$ 10,184,511	$ 9,899,013	$ 31,100,867	$ 29,366,748
Entertainment Publicity and Marketing [Member]
Total Revenues	10,184,511	9,899,013	31,100,867	29,366,748
Content Productions [Member]
Total Revenues

REVENUE (Schedule of contract a

REVENUE (Schedule of contract asset and liability) (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Revenue
Contract liability	$ 1,923,076	$ 1,641,459
Changes in contracts liability	$ 281,617

REVENUE (Schedule of contract l

REVENUE (Schedule of contract liability balance) (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue
Amounts included in the beginning of year contract liability balance	$ 110,834		$ 1,280,985	$ 329,937

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Intangible Assets) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 18,680,000		$ 18,680,000		$ 18,680,000
Accumulated Amortization	10,308,217		10,308,217		8,795,664
Impairment	341,417		341,417
Net Carrying Amount	8,030,366		8,030,366		9,884,336
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	13,350,000		13,350,000		13,350,000
Accumulated Amortization	6,964,552		6,964,552		5,842,498
Impairment
Net Carrying Amount	6,385,448		6,385,448		7,507,502
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,640,000		4,640,000		4,640,000
Accumulated Amortization	2,658,665		2,658,665		2,283,166
Impairment			341,417
Net Carrying Amount	1,639,918		1,639,918		2,356,834
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	690,000		690,000		690,000
Accumulated Amortization	685,000		685,000		670,000
Impairment
Net Carrying Amount	$ 5,000		$ 5,000		$ 20,000

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS (Amortization expense) (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 482,357
2024	1,617,993
2025	1,520,039
2026	1,431,978
2027	820,992
Thereafter	2,157,007
Total	$ 8,030,366	$ 9,884,336

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS (Changes in goodwill and intangible assets) (Details) - USD ($)	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Goodwill [Member]
Finite-Lived Intangible Assets [Line Items]
Balance June 30, 2023	$ 22,796,683	$ 29,314,083	$ 29,314,083
Amortization expense
Impairment of goodwill		(6,517,400)
Impairment of intangible assets
Balance September 30, 2023	22,796,683	22,796,683	29,314,083
Finite-Lived Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Balance June 30, 2023	8,875,139	9,378,496	9,884,336
Amortization expense	(503,356)	(503,357)	(505,840)
Impairment of goodwill
Impairment of intangible assets	(341,417)
Balance September 30, 2023	$ 8,030,366	$ 8,875,139	$ 9,378,496

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill			$ 22,796,683
Impairment of goodwill			6,517,400
Amortization expense	$ 503,357	$ 341,833	1,512,554	1,025,499
Impairment of intangible assets	$ 341,417		$ 341,417

ACQUISITIONS (Fair value of con

ACQUISITIONS (Fair value of consideration transferred) (Details) - Socialyte L Lc [Member]	Nov. 14, 2022 USD ($)
Business Acquisition [Line Items]
Closing common stock (Consideration)	$ 4,133,009
Common stock issued at Closing Date as working capital adjustment	2,103,668
Cash consideration paid at closing	5,053,827
Cash consideration paid subsequent to closing (Unsecured Promissory Note issued to Seller)	3,000,000
Fair value of the consideration transferred	$ 14,290,504

ACQUISITIONS (Fair value of Ass

ACQUISITIONS (Fair value of Assets Acquired and Liabilities Assumed) (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022	Nov. 14, 2022
Business Acquisition [Line Items]
Goodwill	$ 22,796,683	$ 29,314,083
Socialyte L Lc [Member]
Business Acquisition [Line Items]
Cash			$ 314,752
Accounts receivable			2,758,265
Accrued revenue			1,040,902
Property, equipment and leasehold improvements			30,826
Prepaid expenses			351,253
Intangibles			5,210,000
Total identifiable assets acquired			9,705,998
Accounts payable			(3,043,871)
Accrued expenses and other current liabilities			(1,397,292)
Deferred revenue			(1,173,394)
Total liabilities assumed			(5,614,557)
Net identifiable assets acquired			4,091,441
Goodwill			10,199,063
Fair value of the consideration transferred			$ 14,290,504

ACQUISITIONS (Details Narrative

ACQUISITIONS (Details Narrative) - USD ($)		3 Months Ended						9 Months Ended
	Nov. 14, 2022	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Business Acquisition [Line Items]
Revenue		$ 10,184,511			$ 9,899,013			$ 31,100,867	$ 29,366,748
Net income loss		(3,863,328)	$ (7,959,244)	$ (2,969,320)	(1,311,719)	$ 178,687	$ (1,717,832)	(14,791,892)	$ (2,850,863)
Common Stock [Member]
Business Acquisition [Line Items]
Net income loss
Socialyte Seller [Member]
Business Acquisition [Line Items]
Purchase amount	$ 14,290,504
Working capital adjustment	2,103,668
Additional earned	5,000,000
Payment to seller	$ 5,053,827
Number of shares issued	1,346,257
Socialyte Seller [Member] | Common Stock [Member]
Business Acquisition [Line Items]
Number of shares issued	685,234
Secured debt	$ 3,000,000
Mid Coand Socialyte [Member]
Business Acquisition [Line Items]
Secured debt	$ 3,000,000
Socialyte L Lc [Member]
Business Acquisition [Line Items]
Revenue		1,314,877						3,748,832
Net income loss		$ (107,674)						$ (444,857)

NOTES RECEIVABLE (Details Narra

NOTES RECEIVABLE (Details Narrative) - USD ($)		3 Months Ended		9 Months Ended
	Oct. 02, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Notes receivable		$ 4,608,962		$ 4,608,962		$ 4,426,700
Interest receivable		500,882		500,882
Interest income		104,303	$ 91,722	$ 309,424	$ 204,943
Midnight Theatre [Member]
Defined Benefit Plan Disclosure [Line Items]
Maturity date				Sep. 30, 2024
Interest income		103,546	$ 91,711	$ 307,262	$ 204,928
Interest payment		$ 125,000		$ 125,000
Midnight Theatre [Member] | Subsequent Event [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest payment	$ 12,500

EQUITY METHOD INVESTMENTS (Deta

EQUITY METHOD INVESTMENTS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Loss on equity method investment			$ (297,769)	$ (143,623)
Impairment on investments	$ 1,169,587		1,169,587
Midnight Theatre [Member]
Related Party Transaction [Line Items]
Investments			681,694		$ 891,494
Loss on equity method investment	50,960	$ 60,786	209,800	60,786
Crafthouse Cocktails [Member]
Related Party Transaction [Line Items]
Loss on equity method investment	0	$ 39,437		$ 82,837
Investments	$ 87,970		$ 87,970		$ 361,717

OTHER CURRENT LIABILITIES (Othe

OTHER CURRENT LIABILITIES (Other liabilities) (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued funding under Max Steel production agreement	$ 620,000	$ 620,000
Accrued audit, legal and other professional fees	426,650	573,049
Accrued commissions	643,492	702,410
Accrued bonuses	569,485	469,953
Talent liability	2,316,098	3,990,984
Accumulated customer deposits	837,476	550,930
Other	639,219	719,510
Total other current liabilities	$ 6,052,420	$ 7,626,836

DEBT (Total debt) (Details)

DEBT (Total debt) (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Convertible notes payable	$ 5,150,000	$ 5,050,000
Convertible note payable - fair value option	350,000	343,556
Non-convertible promissory notes	3,910,859	1,368,960
Non-convertible promissory notes – Socialyte	3,000,000	3,000,000
Loans from related party (see Note 9)	1,107,873	1,107,873
Term loan, net of debt issuance costs (see Note 12)	5,715,887	2,867,592
Total debt	19,234,619	13,737,981
Less current portion of debt	(4,341,362)	(4,277,697)
Noncurrent portion of debt	$ 14,893,257	$ 9,460,284

DEBT (Principal Payment Commitm

DEBT (Principal Payment Commitments of Debt) (Details)	9 Months Ended
	Sep. 30, 2023 USD ($)
Debt Instrument [Line Items]
2023	$ 3,618,338
2024	2,797,473
2025	2,283,866
2026	2,734,180
2027	3,876,631
Thereafter	$ 4,158,244
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Maturity Date	Between October 2024 and March 2030
2023
2024	1,300,000
2025	800,000
2026	450,000
2027	2,600,000
Thereafter	$ 500,000
Nonconvertible Promissory Notes [Member]
Debt Instrument [Line Items]
Maturity Date	Between November 2023 and March 2029
2023	$ 380,859
2024	500,000
2025	400,000
2026
2027
Thereafter	$ 2,630,000
Nonconvertible Promissory Notes Socialyte [Member]
Debt Instrument [Line Items]
Maturity Date	September 2023
2023	$ 3,000,000
2024
2025
2026
2027
Thereafter
Term Loan [Member]
Debt Instrument [Line Items]
Maturity Date	September 2028
2023	$ 237,479
2024	997,473
2025	1,083,866
2026	1,176,307
2027	1,276,631
Thereafter	$ 1,028,244
Loan From Related Party [Member]
Debt Instrument [Line Items]
Maturity Date	December 2026
2023
2024
2025
2026	1,107,873
2027
Thereafter

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($)						3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2023	Aug. 01, 2023	Jun. 30, 2023	Jun. 08, 2023	Feb. 22, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Short-Term Debt [Line Items]
Convertible notes payable						$ 1,000,000		$ 1,000,000
Interest rate								10%
Share price						$ 2		$ 2
Interest payments								$ 413,764	$ 199,445
Accrued interest						$ 1,623,921		1,623,921		$ 1,744,723
Change in fair value of convertible notes and derivative liabilities						0	$ 45,642	(6,444)	577,522
Interest expense						604,669	217,869	1,413,177	605,827
Proceeds from unsecured promissory note								2,630,000
Debt discounts recorded as current liabilities						3,530,000		3,530,000		500,000
Unsecured nonconvertible promissory note amount								400,000
Interest expense related to promissory notes						$ 93,142	22,719	238,195	70,996
Interest paid								215,111	73,217
Socialyte promissory note amount								3,000,000
Payment of loan								479,745
Refinancing transaction amount								$ 158,316
Revolver accrue interest								5.50%
Accrue interest end						0.75%		0.75%
Prepayment penalty								$ 79,286
Unamortized debt origination costs						$ 91,859		91,859
Security Agreement [Member] | Socialyte [Member]
Short-Term Debt [Line Items]
Secured term loan						3,000,000		3,000,000
Annual facility fee								5,000
Payment on line of credit								875
Security Agreement [Member] | Socialyte [Member] | Credit [Member]
Short-Term Debt [Line Items]
Secured term loan						500,000		500,000
Credit Agreement [Member]
Short-Term Debt [Line Items]
Minimum liquidity						1,500,000		1,500,000
One Payments [Member]
Short-Term Debt [Line Items]
Socialyte promissory note amount			$ 1,500,000
Two Payments [Member]
Short-Term Debt [Line Items]
Socialyte promissory note amount								1,500,000
BKU [Member]
Short-Term Debt [Line Items]
Secured term loan	$ 5,800,000
Secured revolving line of credit	750,000
Commercial card amount	400,000
Minimum deposit amount	$ 1,500,000
Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Conversion price				$ 2
Conversion of debt, value				$ 900,000
Interest expense						128,750	80,278	414,880	215,278
Interest payments								29,589	29,589
Conversion of debt, shares				450,000
Accrued interest				$ 9,500
Interest expense						9,863	$ 9,863	29,589	$ 29,589
Convertible Debt [Member]
Short-Term Debt [Line Items]
Debt instrument amount						500,000		500,000
Noncurrent liabilities						350,000		350,000		343,556
Notes Payable to Banks [Member]
Short-Term Debt [Line Items]
Debt instrument amount						$ 3,910,859		$ 3,910,859
Unsecured promissory note		$ 415,000			$ 2,215,000
Proceeds from unsecured promissory note		$ 415,000			$ 2,215,000
Debt instrument rate						10%		10%
Notes payable, current portion						$ 380,859		$ 380,859		868,960
Nonconvertibel Promissory Note [Member]
Short-Term Debt [Line Items]
Interest expense related to promissory notes						$ 30,000		$ 95,000
Two Convertible Notes [Member]
Short-Term Debt [Line Items]
Conversion price						$ 2.50		$ 2.50
Convertible Promissory Notes [Member]
Short-Term Debt [Line Items]
Conversion of debt, value								$ 5,150,000		$ 5,050,000

LOANS FROM RELATED PARTY (Detai

LOANS FROM RELATED PARTY (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Debt Instrument [Line Items]
Accrued interest amounted	$ 1,623,921		$ 1,623,921		$ 1,744,723
Interest expenses related party	27,924	$ 27,924	82,863	$ 82,863
Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Principal balance	1,107,873		1,107,873		1,107,873
Accrued interest amounted	$ 249,499		$ 249,499		$ 166,636

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Carrying amount	$ 5,715,887	$ 2,867,592
Contingent Consideration [Member]
Schedule of Investments [Line Items]
Carrying amount		738,821
Fair value		738,821
Convertible Notes Payable [Member]
Schedule of Investments [Line Items]
Carrying amount	5,150,000	5,050,000
Fair value	4,725,000	4,865,000
Convertible Notes Payable At Fair Value [Member]
Schedule of Investments [Line Items]
Carrying amount	350,000	343,556
Fair value	350,000	343,556
Warrantliability [Member]
Schedule of Investments [Line Items]
Carrying amount	10,000	15,000
Fair value	10,000	15,000
Cash and Cash Equivalents [Member]
Schedule of Investments [Line Items]
Carrying amount	6,406,646	6,069,889
Fair value	6,406,646	6,069,889
Restricted Cash [Member]
Schedule of Investments [Line Items]
Carrying amount	3,723,868	1,127,960
Fair value	$ 3,723,868	$ 1,127,960

FAIR VALUE MEASUREMENTS (Deta_2

FAIR VALUE MEASUREMENTS (Details 1) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Net Carrying Amount	$ 5,150,000	$ 5,050,000
Fair Value Amount	4,725,000	4,865,000
October 2024 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	800,000	800,000
Fair Value Amount	807,000	817,000
November 2024 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount		500,000
Fair Value Amount		513,000
December 2024 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	500,000	900,000
Fair Value Amount	499,000	912,000
January 2025 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	800,000
Fair Value Amount	806,000
November 2026 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	300,000	300,000
Fair Value Amount	271,000	285,000
December 2026 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	150,000	150,000
Fair Value Amount	135,000	143,000
June 2027 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	200,000
Fair Value Amount	174,000
August 2027 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	2,000,000	2,000,000
Fair Value Amount	1,700,000	1,834,000
September 2027 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	400,000	400,000
Fair Value Amount	$ 333,000	$ 361,000

FAIR VALUE MEASUREMENTS (Deta_3

FAIR VALUE MEASUREMENTS (Details 2) - Monte Carlo Simulation [Member] - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Stock Price	$ 1.80	$ 1.81
Annual asset volatility estimate	100%	100%
Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Minimum conversion price	$ 2	$ 2
Risk free discount rate	4.70%	4.02%
Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Minimum conversion price	$ 2.50	$ 2.50
Risk free discount rate	5.46%	4.49%

FAIR VALUE MEASUREMENTS (Deta_4

FAIR VALUE MEASUREMENTS (Details 3)	9 Months Ended
	Sep. 30, 2023 USD ($)
Fair Value Disclosures [Abstract]
Beginning balance	$ 343,556
Loss on change in fair value reported in the condensed consolidated statements of operations	6,444
Ending balance	$ 350,000

FAIR VALUE MEASUREMENTS (Deta_5

FAIR VALUE MEASUREMENTS (Details 4) - Convertible Debt [Member] - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Face value principal payable	$ 500,000	$ 500,000
Original conversion price	$ 3.91	$ 3.91
Value of common stock	$ 1.80	$ 1.81
Expected term (years)	6 years 5 months 4 days	7 years 2 months 4 days
Volatility	90%	100%
Risk free rate	4.61%	3.96%

FAIR VALUE MEASUREMENTS (Deta_6

FAIR VALUE MEASUREMENTS (Details 5) - Series I Warrants [Member]	9 Months Ended
	Sep. 30, 2023 USD ($)
Short-Term Debt [Line Items]
Beginning balance, fair value balance report	$ 15,000
Gain on the change in fair value reported in the condensed consolidated statements of operations	(5,000)
Ending balance, fair value balance report	$ 10,000

FAIR VALUE MEASUREMENTS (Deta_7

FAIR VALUE MEASUREMENTS (Details 6) - Series I Warrants [Member] - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Exercise Price per share	$ 3.91	$ 3.91
Value of Common Stock	$ 1.80	$ 1.81
Expected term (years)	1 year 11 months 1 day	2 years 8 months 1 day
Volatility	80%	100%
Dividend yield	0%	0%
Risk free rate	5.06%	4.28%

FAIR VALUE MEASUREMENTS (Deta_8

FAIR VALUE MEASUREMENTS (Details 7) - Contingent Consideration [Member] - Be Social [Member]	9 Months Ended
	Sep. 30, 2023 USD ($) shares
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance, fair value balance report	$ 738,821
Loss on change of fair value reported in the condensed consolidated statements of operations	33,226
Settlement of contingent consideration	(772,047)	[1]
Ending balance, fair value balance report
Settlement of contingent consideration liability	$ 500,000
Number of shares issued | shares	148,687
Number of shares issued, value	$ 272,047
[1]On April 25, 2023, the Company settled the contingent consideration liability related to Be Social through payment of $ 500,000 148,687 272,047

FAIR VALUE MEASUREMENTS (Deta_9

FAIR VALUE MEASUREMENTS (Details Narrative)	9 Months Ended
	Sep. 30, 2023 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Face value	$ 500,000
Contingent Consideration [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Aggregate principal amount	$ 5,150,000

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)				3 Months Ended		9 Months Ended
	Aug. 10, 2022	Mar. 07, 2022	Dec. 29, 2021	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Lincoln Park Transaction [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares issued and sold				300,000	245,000	1,150,000	245,000
Minimum [Member] | Lincoln Park Transaction [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued price per share				$ 1.65	$ 2.42	$ 1.65	$ 2.42
Maximum [Member] | Lincoln Park Transaction [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued price per share				2.27	$ 3.72	$ 2.27	$ 3.72
LP Purchase Agreement 2021 [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares available to purchase per agreement, value	$ 25,000,000		$ 25,000,000
Shares issued during period		37,019				51,827
Number of shares issued and sold					1,035,000
Proceeds from issuance of common stock							$ 4,367,640
LP Purchase Agreement 2021 [Member] | Minimum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued price per share				3.47		$ 3.47
LP Purchase Agreement 2021 [Member] | Maximum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued price per share				$ 5.15		$ 5.15
L P Purchase Agreement 2022 [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares issued during period						57,313
Proceeds from issuance of common stock				$ 550,850		$ 2,162,150	$ 681,460
Regular Purchase, description						The Company may direct Lincoln Park, at its sole discretion, and subject to certain conditions, to purchase up to 50,000 shares of its common stock on any business day (a “Regular Purchase”). The amount of a Regular Purchase may be increased under certain circumstances up to 75,000 shares if the closing price is not below $7.50 and up to 100,000 shares if the closing price is not below $10.00, provided that Lincoln Park’s committed obligation for Regular Purchases on any business day shall not exceed $2,000,000

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details Narrative) - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Jul. 28, 2023	Jan. 11, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share price	$ 2				$ 2
Number of shares issued, value		$ 52,520	$ 54,757	$ 59,305
Employment Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares issued, shares	49,518				125,069
Number of shares issued, value	$ 86,942				$ 237,883
Mr Anthony Francisco [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Receiving shares amount					25,000
Aggregate amount					$ 100,000
Shares issued						7,966	6,366
Share price						$ 2.01	$ 2.24

LOSS PER SHARE (Details)

LOSS PER SHARE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Loss per share:
Net loss	$ (3,863,328)	$ (1,311,719)	$ (14,791,892)	$ (2,850,863)
Net income attributable to participating securities
Net loss attributable to Dolphin Entertainment common stock shareholders and numerator for basic loss per share	(3,863,328)	(1,311,719)	(14,791,892)	(2,850,863)
Change in fair value of convertible notes payable		(45,642)		(577,522)
Change in fair value of warrants		(10,000)		(105,000)
Interest expense		9,863		29,589
Numerator for diluted loss per share	$ (3,863,328)	$ (1,357,498)	$ (14,791,892)	$ (3,503,796)
Denominator for basic EPS - weighted-average shares	14,121,275	9,664,681	13,328,138	9,307,830
Warrants		1,157		2,100
Convertible notes payable		$ 127,877		$ 127,877
Denominator for diluted EPS - adjusted weighted-average shares	14,121,275	9,793,715	13,328,138	9,437,807
Basic loss per share	$ (0.27)	$ (0.14)	$ (1.11)	$ (0.31)
Diluted loss per share	$ (0.27)	$ (0.14)	$ (1.11)	$ (0.37)

LOSS PER SHARE (Details Narrati

LOSS PER SHARE (Details Narrative) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock issued upon conversion, shares	2,883,759		2,656,640
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock issued upon conversion, shares	0	578,313	0	663,801

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Interest expense		$ 66,164	$ 66,164	$ 196,336	$ 196,336
Interest paid related to accrued compensation				400,000
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Signing bonus owed to related party per signed agreement	$ 1,000,000
Base salary	$ 1,625,000
Interest rate	10%
Accrued Salaries		2,625,000		2,625,000		$ 2,625,000
Accrued interest and liabilities		$ 1,374,422		$ 1,374,422		$ 1,578,088

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Revenue from External Customer [Line Items]
Revenue	$ 10,184,511	$ 9,899,013	$ 31,100,867	$ 29,366,748
Total operating income (loss)	(2,111,355)	(1,133,767)	(12,128,096)	(2,967,206)
Interest expense	(604,669)	(126,147)	(1,413,177)	(400,884)
Other income (loss), net	104,303	55,642	307,980	682,522
Loss before income taxes and equity in losses of unconsolidated affiliates	(2,611,721)	(1,204,272)	(13,233,293)	(2,685,568)
Total assets	65,740,268		65,740,268		$ 75,376,832
EPM [Member]
Revenue from External Customer [Line Items]
Revenue	10,184,511	9,899,013	31,100,867	29,366,748
Total operating income (loss)	1,032,134	604,837	(8,142,846)	1,978,016
Total assets	53,709,956		53,709,956		68,678,335
CPD [Member]
Revenue from External Customer [Line Items]
Revenue
Total operating income (loss)	(3,143,489)	$ (1,738,604)	(3,985,250)	$ (4,945,222)
Total assets	$ 12,030,312		$ 12,030,312		$ 6,698,497

SEGMENT INFORMATION (Details Na

SEGMENT INFORMATION (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Net accumulated amortization	$ 10,308,217	$ 8,795,664
Net impairment assets	6,517,400
Forty Second West Door and Viewpoint Shore Media [Member]
Restructuring Cost and Reserve [Line Items]
Intangible assets	8,030,366
Net accumulated amortization	10,649,635
Goodwill acquired	$ 22,796,683

LEASES (Right of Use Asset or L

LEASES (Right of Use Asset or Lease Liability Calculations) (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Assets
Right-of-use asset	$ 5,853,482	$ 7,341,045
Current
Lease liability	2,039,462	2,073,547
Noncurrent
Lease liability	4,518,719	6,012,049
Total operating lease liability	$ 6,558,181	$ 8,085,596

LEASES (Finance lease liability

LEASES (Finance lease liability) (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Assets
Right-of-use asset	$ 143,250
Current
Lease liability	49,835
Noncurrent
Lease liability	94,985
Total finance lease liability	$ 144,820

LEASES (Lease Income and Expens

LEASES (Lease Income and Expenses) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net lease costs	$ 590,176	$ 603,295	$ 1,779,387	$ 1,647,923
Total finance lease costs	13,004		28,929
Selling, General and Administrative Expenses [Member]
Operating lease costs	699,983	709,542	2,109,576	1,876,153
Sublease income	(109,807)	(106,247)	(330,189)	(228,230)
Amortization of right-of-use assets	10,589		15,840
Interest on lease liability	$ 2,415		$ 13,089

LEASES (Maturities of Lease Lia

LEASES (Maturities of Lease Liabilities) (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Present value of lease liabilities, operating leases	$ 6,558,181	$ 8,085,596
Present value of lease liabilities, finance leases	144,820
Property Subject To Finance Lease [Member]
2023	14,918
2024	59,670
2025	59,670
2026	26,929
2027
Total lease payments	161,187
Less: Imputed interest	(16,367)
Property Subject to Operating Lease [Member]
2023	640,419
2024	2,531,307
2025	1,979,589
2026	1,782,057
2027	719,794
Total lease payments	7,653,166
Less: Imputed interest	$ (1,094,985)

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Leases
Lease impairment	$ 98,857
Operating lease payment	$ 1,999,745	$ 1,567,453
Operating lease term	3 years 3 months 7 days
Finance lease term	2 years 8 months 15 days
Lease operating discount rate	8.79%
Finance lease discount rate	8.60%

COLLABORATIVE ARRANGEMENT (Deta

COLLABORATIVE ARRANGEMENT (Details Narrative) - USD ($)		9 Months Ended	12 Months Ended
	Nov. 07, 2023	Sep. 30, 2023	Dec. 31, 2022	Apr. 26, 2023
Blue Angels Agreement [Member]
Offsetting Assets [Line Items]
Capitalized production costs			$ 1,500,000
Remaining payment made				$ 500,000
Blue Angels Agreement [Member] | Subsequent Event [Member]
Offsetting Assets [Line Items]
Capitalized production costs	$ 250,000
IMAXCo Production Agreement [Member]
Offsetting Assets [Line Items]
Derive from acquisition agreement		$ 3,500,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)		1 Months Ended	9 Months Ended	12 Months Ended
	Nov. 07, 2023	May 26, 2022	Sep. 30, 2023	Dec. 31, 2022
Product Liability Contingency [Line Items]
Repayments of Other Debt		$ 500,000
Blue Angels Agreement [Member]
Product Liability Contingency [Line Items]
Capitalized production costs				$ 1,500,000
Blue Angels Agreement [Member] | Subsequent Event [Member]
Product Liability Contingency [Line Items]
Capitalized production costs	$ 250,000
Production Budget [Member]
Product Liability Contingency [Line Items]
Repayments of Other Debt			$ 2,000,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($) shares in Millions		9 Months Ended
	Oct. 02, 2023	Sep. 30, 2023	Sep. 30, 2022
Subsequent Event [Line Items]
Underwriting agreement description		On October 31, 2023, the Company entered into an Underwriting Agreement (the “Underwriting Agreement”) with Maxim Group LLC (the “Underwriter”), pursuant to which the Company agreed to issue and sell to the Underwriter in an underwritten public offering (the “Offering”) an aggregate of 1,400,000 shares of the Company’s common stock at a price of $1.65 per share. Under the terms of the Underwriting Agreement, the Company granted the Underwriter an option, exercisable for 45 days, to purchase an additional 210,000 shares of the Company’s common stock. The Company received gross proceeds of approximately $2,310,000 before deducting underwriting discounts and commissions and estimated offering expenses that are payable by the Company.
Cash consideration		$ 21,893	$ 64,464
Subsequent Event [Member]
Subsequent Event [Line Items]
Cash consideration	$ 10,000,000
Cash payments	$ 5,000,000
Issuance of shares	2.5