Dolphin Entertainment (DLPN) 10-Q 18 Jul 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	Jul. 12, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
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		9,551,958

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current
Cash and cash equivalents	$ 9,624,275	$ 7,688,743
Restricted cash	541,883	541,883
Accounts receivable:
Trade, net of allowance of $544,364 and $471,535, respectively	3,821,472	4,513,179
Other receivables	2,250,376	3,583,357
Notes receivable	2,209,402	1,510,137
Other current assets	417,027	450,060
Total current assets	18,864,435	18,287,359
Capitalized production costs, net	142,735	137,235
Employee receivable	444,085	366,085
Right-of-use asset	5,739,977	6,129,411
Goodwill	20,021,357	20,021,357
Intangible assets, net	5,800,234	6,142,067
Property, equipment and leasehold improvements, net	426,014	473,662
Other long-term assets	2,704,629	1,234,275
Total Assets	54,143,466	52,791,451
LIABILITIES
Accounts payable	1,319,019	942,085
Notes payable, current portion	110,400	307,685
Contingent consideration	600,000	600,000
Accrued interest – related party	1,713,480	1,621,437
Accrued compensation – related party	2,625,000	2,625,000
Lease liability, current portion	1,604,998	1,600,107
Deferred revenue	1,356,574	406,373
Other current liabilities	6,734,107	6,850,584
Total current liabilities	16,063,578	14,953,271
Notes payable	840,320	868,959
Convertible notes payable	2,900,000	2,900,000
Convertible notes payable at fair value	710,277	998,135
Loan from related party	1,107,873	1,107,873
Contingent consideration	2,920,321	3,684,221
Lease liability	4,725,602	5,132,895
Deferred tax liability	83,431	76,207
Warrant liability	75,000	135,000
Total Liabilities	29,426,402	29,856,561
STOCKHOLDERS’ EQUITY
Preferred Stock, Series C, $0.001 par value, 50,000 shares authorized, 50,000 shares issued and outstanding at March 31, 2022 and December 31, 2021	1,000	1,000
Common stock, $0.015 par value, 200,000,000 shares authorized, 8,651,045 and 8,020,381 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	129,766	120,306
Additional paid in capital	129,813,123	127,247,928
Accumulated deficit	(105,226,825)	(104,434,344)
Total Stockholders’ Equity	24,717,064	22,934,890
Total Liabilities and Stockholders’ Equity	$ 54,143,466	$ 52,791,451

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Allowance for doubtful debts	$ 544,364	$ 471,535
Common stock, par value	$ 0.015	$ 0.015
Common stock, authorized	200,000,000	200,000,000
Common stock, issued	8,651,045	8,020,381
Common stock, Outstanding	8,651,045	8,020,381
Series C Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized shares	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
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenues	$ 9,177,125	$ 7,177,117
Expenses:
Direct costs	1,110,658	829,151
Payroll and benefits	6,960,283	5,233,116
Selling, general and administrative	1,488,338	1,482,471
Depreciation and amortization	407,238	482,712
Change in fair value of contingent consideration	(763,900)	365,000
Legal and professional	938,217	344,607
Total expenses	10,140,834	8,737,057
Loss from operations	(963,709)	(1,559,940)
Other income (expenses):
Loss on extinguishment of debt		(57,363)
Change in fair value of convertible notes and derivative liabilities	287,858	(871,449)
Change in fair value of warrants	60,000	(2,562,877)
Change in fair value of put rights		(71,106)
Acquisition costs		(22,907)
Interest expense	(149,406)	(165,194)
Total other income (expenses), net	198,452	(3,750,896)
Loss before income taxes and equity in losses of unconsolidated affiliates	(765,257)	(5,310,836)
Income tax (expense) benefit	(7,224)	38,851
Net loss before income taxes and equity in losses of unconsolidated affiliates	(772,481)	(5,271,985)
Equity in losses of unconsolidated affiliates	(20,000)
Net loss	$ (792,481)	$ (5,271,985)
Loss per share:
Basic	$ (0.09)	$ (0.73)
Diluted	$ (0.13)	$ (0.73)
Weighted average number of shares used in per share calculation
Basic	8,713,700	7,267,297
Diluted	8,846,567	7,267,297

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (792,481)	$ (5,271,985)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	407,238	482,712
Share-based compensation	59,305
Loss on extinguishment of debt		57,363
Equity in losses of unconsolidated affiliates	20,000
Impairment of capitalized production costs	15,000
Bad debt net of recovery of accounts receivable written off	143,924	113,991
Change in fair value of put rights		71,106
Change in fair value of contingent consideration	(763,900)	365,000
Change in fair value of warrants	(60,000)	2,562,877
Change in fair value of convertible notes and derivative liabilities	(287,858)	871,449
Deferred income tax expense (benefit), net	7,224	(38,851)
Changes in operating assets and liabilities:
Accounts receivable, trade and other	1,880,764	358,913
Other current assets	(11,732)	(75,868)
Capitalized production costs	(20,500)	(54,727)
Other long-term assets and employee receivable	(68,354)	(10,456)
Deferred revenue	(49,799)	1,016,594
Accounts payable	376,934	(673,995)
Accrued interest – related party	92,043	92,040
Lease liability	(12,968)	4,813
Other current liabilities	(116,477)	76,988
Net cash provided by (used in) operating activities	818,363	(52,036)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets	(17,757)
Issuance of notes receivable	(1,154,500)
Acquisition of B/HI Communications, Inc, net of cash acquired		(525,856)
Net cash used in investing activities	(1,172,257)	(525,856)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes payable		150,000
Proceeds from equity line of credit agreement	2,515,350
Repayment of term loan		(100,032)
Repayment of notes payable	(225,924)	(22,739)
Exercise of put rights		(260,900)
Net cash provided by (used in) financing activities	2,289,426	(233,671)
Net increase (decrease) in cash and cash equivalents and restricted cash	1,935,532	(811,563)
Cash and cash equivalents and restricted cash, beginning of period	8,230,626	8,637,376
Cash and cash equivalents and restricted cash, end of period	10,166,158	7,825,813
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:
Interest paid	104,064	68,017
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Principal balance of convertible notes converted into shares of common stock		2,545,000
Issuance of shares of common stock related to the acquisitions		350,000
Put rights exchanged for shares of common stock		300,000
Interest on notes paid in stock		8,611
Issuance of shares to Lincoln Park Capital LLC	2,515,350
Receipt of Crafthouse equity in connection with marketing agreement	1,000,000
Cash and cash equivalents	9,624,275	7,111,717
Restricted cash	541,883	714,096
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statement of cash flows	$ 10,166,158	$ 7,825,813

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT 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, 2020	$ 1,000	$ 99,281	$ 117,540,557	$ (97,972,041)	$ 19,668,797
Beginning Balance, Shares at Dec. 31, 2020	50,000	6,618,785
Net loss				(5,271,985)	(5,271,985)
Issuance of shares to Lincoln Park Capital LLC
Issuance of shares related to conversion of note payable		$ 9,948	2,543,664		2,553,612
Issuance of shares related to conversion of note payable, shares		663,155
Issuance of shares related to cashless exercise of warrants		$ 2,190	2,795,687		2,797,877
Issuance of shares related to cashless exercise of warrants, Shares		146,027
Issuance of shares issued to seller of Be Social		$ 1,549	348,451		350,000
Issuance of shares to seller of Be Social, Shares		103,245
Consideration for acquisition of B/HI Communications, Inc			31,158		31,158
Issuance of shares related to exchange of Put Rights for stock		$ 1,163	$ 356,199		$ 357,362
Issuance of shares related to exchange of Put Rights for stock, Shares		77,519
Shares retired from exercise of puts		(51)	51
Shares retired from exercise of puts, Shares		(3,254)
Ending balance, value at Mar. 31, 2021	$ 1,000	$ 114,080	$ 123,615,767	$ (103,244,026)	$ 20,486,821
Ending Balance, Shares at Mar. 31, 2021	50,000	7,605,477
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				(792,481)	(792,481)
Issuance of shares to Lincoln Park Capital LLC		$ 9,330	2,506,020		2,515,350
Issuance of shares to Lincoln Park Capital LLC, shares		622,019
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	$ 129,813,123	$ (105,226,825)	$ 24,717,064
Ending Balance, Shares at Mar. 31, 2022	50,000	8,651,045

GENERAL

GENERAL	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [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”) and B/HI Communications, Inc. (“B/HI”), the Company provides expert strategic marketing and publicity services throughout the United States of America (“U.S.”) to virtually all of the major film studios and many of the leading streaming services, as well as to independent and digital content providers, and 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 a wide variety of consumer brands, including prime hotel and restaurant groups, throughout the U.S. 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. Impact of COVID-19 On March 11, 2020, the World Health Organization categorized a novel coronavirus (“COVID-19”) as a pandemic, and it has spread throughout the U.S. The pandemic has had and continues to have a significant effect on economic conditions in the United States, and continues to cause significant uncertainties in the U.S. and global economies. The extent to which the COVID-19 pandemic affects our business, operations and financial results depends, and will continue to depend, on numerous evolving factors that we may not be able to accurately predict. One of our subsidiaries operates in the food and hospitality sector, which was negatively impacted by the orders to either suspend or reduce operations of restaurants and hotels. Similarly, another subsidiary represents talent, such as actors, directors and producers, and revenues from these clients was negatively impacted by the suspension of content production. The television and streaming consumption around the globe has increased since the outbreak of COVID-19, as well as the demand for consumer products. Revenues from the marketing of these shows and products somewhat offset the decrease in revenue from the sectors discussed above. Depending on the extent and duration of the pandemic and the related economic impacts, COVID-19 may continue to impact our business and financial results, as well as significant judgements and estimates, including those related to goodwill and other asset impairments and allowances for doubtful accounts. 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 and B/HI. 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 March 31, 2022, and its results of operations and cash flows for the three months ended March 31, 2022 and 2021. All significant inter-company balances and transactions have been eliminated from the condensed consolidated financial statements. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2022. The condensed consolidated balance sheet as of December 31, 2021 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, 2021. 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 as of 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. Management bases its estimates on historical experience and on other various assumptions that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ materially from such estimates under different assumptions and conditions. Due to COVID-19 and the uncertainty of the extent of the impacts related thereto, certain estimates and assumptions may require increased judgment. As events continue to evolve and additional information becomes available, these estimates may change in future periods. It is difficult to predict what the ongoing impact of the pandemic will be on future periods. Recent Accounting Pronouncements Accounting Guidance Not Yet Adopted Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In June 2016, the FASB issued new guidance on measurement of credit losses (ASU 2016-13, “ Measurement of Credit Losses on Financial Instruments Reclassifications Certain prior year amounts have been reclassified to conform with current year presentation.

REVENUE

REVENUE	3 Months Ended
	Mar. 31, 2022
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, the performance obligation is typically completed and revenue is recognized 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, 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 Segment Three Months Ended March 31, 2022 2021 Entertainment publicity and marketing $ 9,177,125 $ 7,177,117 Content production — — Total Revenues $ 9,177,125 $ 7,177,117 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. Schedule of contract asset and liability Contract Contract Balance as of December 31, 2021 $ 62,500 $ 406,373 Consideration received for services previously performed (62,500 ) — Cash received in advance of consideration transferred — 1,265,138 Revenue recognized — 314,937 Balance as of March 31, 2022 $ — $ 1,356,574 As of March 31, 2022, we had approximately $ 1,356,574 1,044,074

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	NOTE 3 — GOODWILL AND INTANGIBLE ASSETS Goodwill As of March 31, 2022, the Company has a balance of $ 20,021,357 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, or (3) an adverse action or assessment by a regulator. There were no triggering events noted during the three month period ended March 31, 2022 that would require the Company to reassess goodwill for impairment outside of its regular annual impairment test. Intangible Assets Finite-lived intangible assets consisted of the following as of March 31, 2022 and December 31, 2021: Schedule of Intangible Assets March 31, 2022 December 31, 2021 Gross Accumulated Net Gross Accumulated Net Intangible assets subject to amortization: Customer relationships $ 8,290,000 $ 5,097,099 $ 3,192,901 $ 8,290,000 $ 4,880,016 $ 3,409,984 Trademarks and trade names 4,490,000 1,917,667 2,572,333 4,490,000 1,797,917 2,692,083 Non-compete agreements 690,000 655,000 35,000 690,000 650,000 40,000 $ 13,470,000 $ 7,669,766 $ 5,800,234 $ 13,470,000 $ 7,327,933 $ 6,142,067 Amortization expense associated with the Company’s finite-lived intangible assets was $ 341,833 394,998 Amortization expense related to intangible assets for the next five years and thereafter is as follows: Schedule of amortization expense related to intangible assets for the next five years 2022 $ 1,025,497 2023 1,227,824 2024 991,715 2025 961,373 2026 934,001 Thereafter 659,824 Total $ 5,800,234

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	NOTE 4 — ACQUISITIONS B/HI Communications, Inc. Effective January 1, 2021, the Company acquired all of the issued and outstanding shares of B/HI, a California corporation (the “B/HI Purchase”) pursuant to a share purchase agreement (the “B/HI Share Purchase Agreement”) between the Company and Dean G. Bender and Janice L. Bender, as co-trustees of the Bender Family Trust dated May 6, 2013 (collectively, the “B/HI Sellers). B/HI is an entertainment public relations agency that specializes in corporate and product communications programs for interactive gaming, e-sports, entertainment content and consumer product organizations. The total consideration paid to the B/HI Seller in respect to the B/HI Purchase is $ 0.8 1.2 22,907 608,432 The following table summarizes the fair value of the consideration transferred: Schedule of Consideration Transferred Payments made to settle final indebtedness, net of minimum operating cash as defined in the B/HI Share Purchase Agreement $ 575,856 Working capital adjustment 192,986 Fair value of common stock issued to the B/HI Sellers 36,715 Fair value of the consideration transferred $ 805,557 The following table summarizes the fair values of the assets acquired and liabilities assumed by the B/HI Purchase. Schedule of Assets Acquired and Liabilities Assumed January 1, 2021 Measurement Period Adjustments December 31, 2021 Cash $ 65,465 $ — $ 65,465 Accounts receivable 154,162 — 154,162 Other current assets 15,262 — 15,262 Property, equipment and leasehold improvements 24,639 — 24,639 Right-of-use asset 1,044,864 — 1,044,864 Other assets 23,617 — 23,617 Intangibles 270,000 — 270,000 Total identifiable assets acquired 1,598,009 — 1,598,009 Accrued payable (104,724 ) — (104,724 ) Accrued expenses and other current liabilities (259,936 ) — (259,936 ) Lease liability (1,044,864 ) — (1,044,864 ) Deferred revenue (56,994 ) — (56,994 ) Line of credit (456,527 ) — (456,527 ) Deferred tax liability (38,851 ) — (38,851 ) Loans payable (75,550 ) — (75,550 ) Total liabilities assumed (2,037,446 ) — (2,037,446 ) Net identifiable liabilities acquired (439,437 ) (439,437 ) Goodwill 470,595 5,557 476,152 Net assets acquired $ 31,158 $ 5,557 $ 36,715

NOTES RECEIVABLE

NOTES RECEIVABLE	3 Months Ended
	Mar. 31, 2022
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”) and Stanton South LLC (“Crafthouse Cocktails”) (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. Midnight Theatre As of March 31, 2022, the Midnight Theatre notes amount to $ 2,209,402 54,902 1,154,500 Subsequent to March 31, 2022, on each of April 1, 2022, May 2, 2022, June 3, 2022, June 28, 2022 and July 11, 2022, we issued Midnight Theatre five additional notes amounting to $ 1,355,460 Crafthouse Cocktails On November 30, 2021, Crafthouse Cocktails issued a $ 500,000

EQUITY METHOD INVESTMENTS

EQUITY METHOD INVESTMENTS	3 Months Ended
	Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
EQUITY METHOD INVESTMENTS	NOTE 6 — EQUITY METHOD INVESTMENTS Equity method investments are included within other assets in the condensed consolidated balance sheets. Midnight Theatre Midnight Theatre has not commenced operations; the investment is recorded at cost as of March 31, 2022 and there have been no equity in earnings or losses of Midnight Theatre recorded for the three months ended March 31, 2022. Crafthouse Cocktails During the three months ended March 31, 2022, the Company received an additional $ 1,000,000 20,000

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	3 Months Ended
	Mar. 31, 2022
Payables and Accruals [Abstract]
OTHER CURRENT LIABILITIES	NOTE 7 — OTHER CURRENT LIABILITIES Other current liabilities consisted of the following: Schedule of Other liabilities March 31, December 31, 2022 2021 Accrued funding under Max Steel production agreement $ 620,000 $ 620,000 Accrued audit, legal and other professional fees 705,610 429,299 Accrued commissions 471,738 457,269 Accrued bonuses 130,817 360,817 Due to seller of Be Social 11,632 304,169 Talent liability 2,906,327 2,908,357 Accumulated customer deposits 1,426,526 1,206,864 Other 461,457 563,809 Other current liabilities $ 6,734,107 $ 6,850,584

DEBT

DEBT	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
DEBT	NOTE 8 — DEBT Total debt of the Company was as follows as of March 31, 2022 and December 31, 2021: Schedule of debt March 31, December 31, Debt Type 2022 2021 Convertible notes payable $ 2,900,000 $ 2,900,000 Convertible notes payable - fair value option 710,277 998,135 Non-convertible promissory notes 950,720 1,176,644 Loans from related party (see Note 9) 1,107,873 1,107,873 Total debt 5,668,870 6,182,652 Less current portion of debt (110,400 ) (307,685 ) Noncurrent portion of debt $ 5,558,470 $ 5,874,967 The table below details the maturity dates of the principal amounts for the Company’s debt as of March 31: Schedule of Future Annual Contractual Principal Payment Commitments of Debt Debt Type Maturity Date 2022 2023 2024 2025 2026 Thereafter Convertible notes payable Ranging between August and September 2023 $ — $ 2,900,000 $ — $ — $ — $ — Convertible notes payable - fair value option March 2030 $ — $ — $ — $ — $ — $ 500,000 Nonconvertible promissory notes Ranging between June and December 2023 $ 110,400 $ 840,320 $ — $ — $ — $ — Loans from related party July 2023 $ — $ 1,107,873 $ — $ — $ — $ — $ 110,400 $ 4,848,193 $ — $ — $ — $ 500,000 Convertible Notes Payable As of March 31, 2022, the Company has three outstanding convertible promissory notes in the aggregate principal amount of $ 2,900,000 10 The Company recorded interest expense related to these convertible notes payable of $ 67,500 27,538 50,833 17,815 As of both March 31, 2022 and December 31, 2021, the principal balance of the convertible promissory notes of $ 2,900,000 Convertible Notes 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 $ 710,277 998,135 The Company recorded a gain in fair value of $ 287,858 871,449 The Company recorded interest expense of $ 9,863 9,863 Nonconvertible Promissory Notes As of March 31, 2022, the Company has outstanding unsecured nonconvertible promissory notes in the aggregate amount of $ 950,722 10 December 2023 0.2 As of March 31, 2022 and December 31, 2021, the Company had a balance of $ 110,400 307,685 840,320 868,959 The Company recorded interest expense related to these nonconvertible promissory notes of $ 24,884 31,659 26,701 31,659

LOANS FROM RELATED PARTY

LOANS FROM RELATED PARTY	3 Months Ended
	Mar. 31, 2022
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 July 31, 2023. As of both March 31, 2022 and December 31, 2021, the Company had a principal balance of $ 1,107,873 83,166 55,849 The Company recorded interest expense of $ 27,317

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2022
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 are representative of 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 (in thousands): Schedule of consolidated financial instruments Level in March 31, 2022 December 31, 2021 Fair Value Carrying Fair Carrying Fair Hierarchy Amount Value Amount Value Assets: Cash and cash equivalents 1 $ 9,624,275 9,624,275 7,688,743 7,688,743 Restricted cash 1 541,883 541,883 541,883 541,883 Liabilities: Convertible notes payable 3 $ 2,900,000 2,891,000 2,900,000 2,900,000 Convertible notes payable at fair value 3 710,277 710,277 998,135 998,135 Warrant liability 3 75,000 75,000 135,000 135,000 Contingent consideration 3 3,520,321 3,520,321 4,284,221 4,284,221 Convertible notes payable As of March 31, 2022, the Company has three outstanding convertible notes payable with aggregate principal amount of $2,900,000. See Note 8 for further information on the terms of these convertible notes. Schedule of convertible notes payable March 31, 2022 December 31, 2021 Level Carrying Amount Fair Value Carrying Amount Fair Value 10% convertible notes due in August 2023 3 $ 2,000,000 $ 1,998,000 $ 2,000,000 $ 1,998,000 10% convertible notes due in September 2023 3 900,000 893,000 900,000 902,000 2,900,000 2,891,000 $ 2,900,000 $ 2,900,000 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 March 31, December 31, Stock Price $ 5.21 $ 8.52 Minimum Conversion Price $ 2.50 $ 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) 1.89 1.95 % 0.61 0.64 % Fair Value Option (“FVO”) Election – Convertible notes payable and freestanding warrants Convertible notes payable, at fair value As of March 31, 2022, the Company has one outstanding convertible note payable with a face value of $ 500,000 The March 4th Note is measured at fair value and categorized within Level 3 of the fair value hierarchy. The following is a reconciliation of the fair values from December 31, 2021 to March 31, 2022: Schedule of fair value categorized within Level 3 March 4th Note Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2021 $ 998,135 Gain in fair value reported in the condensed consolidated statements of operations (287,858 ) Ending fair value balance reported on the condensed consolidated balance sheet at March 31, 2022 $ 710,277 The estimated fair value of the March 4th Note as of March 31, 2022 and December 31, 2021, was computed using a Black-Scholes simulation of the present value of its cash flows using a synthetic credit rating analysis and a required rate of return, using the following assumptions: Schedule of estimated fair value March 31, December 31, Face value principal payable $ 500,000 $ 500,000 Original conversion price $ 3.91 $ 3.91 Value of Common Stock $ 5.21 $ 8.52 Expected term (years) 7.93 8.18 Volatility 100 % 100 % Risk free rate 2.38 % 1.47 % Warrants In connection with the March 4th Note, the Company issued the Series I Warrants. The Series I warrants are measured at fair value and categorized within Level 3 of the fair value hierarchy. The following is a reconciliation of the fair values from December 31, 2021 to March 31, 2022: Schedule of fair value categorized within Level 3 Fair Value: Series I Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2021 $ 135,000 Gain in fair value reported in the condensed consolidated statements of operations (60,000 ) Ending fair value balance reported on the condensed consolidated balance sheet at March 31, 2022 $ 75,000 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 Fair Value Assumption - Series “I” Warrants March 31, December 31, Exercise Price per share $ 3.91 $ 3.91 Value of Common Stock $ 5.21 $ 8.52 Expected term (years) 3.42 3.67 Volatility 100 % 100 % Dividend yield 0 % 0 % Risk free rate 2.44 % 1.07 % Contingent consideration The Company records the fair value of the contingent consideration liability in the condensed consolidated balance sheets under the caption “Contingent Consideration” and records changes to the liability against earnings or loss under the caption “Changes in fair value of contingent consideration” in the condensed consolidated statements of operations. As discussed in Note 4, during the year ended December 31, 2021, the B/HI seller met the conditions for payment of contingent consideration. As a result, the contingent consideration has been recorded as the fair value of the payout, $ 1.3 0.6 163,369 600,000 For the contingent consideration related to Be Social, the Company utilized a Monte Carlo Simulation model, which incorporates significant inputs that are not observable in the market, and thus represents a Level 3 measurement as defined in ASC 820. The unobservable inputs utilized for measuring the fair value of the contingent consideration reflect management’s own assumptions about the assumptions that market participants would use in valuing the contingent consideration as of the acquisition date. The Company determined the fair value by using the following key inputs to the Monte Carlo Simulation Model: Schedule of contingent consideration Be Social Inputs As of March 31, 2022 As of Risk Free Discount Rate (based on US government treasury obligation with a term similar to that of the contingent consideration) 2.12 % 0.73 % Annual Asset Volatility Estimate 80.0 % 85.0 % For the contingent consideration, which are 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, 2021 to March 31, 2022: Schedule of reconciliation of the fair values The Door (1) Be Social (2) B/HI (3) Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2021 $ 2,381,869 $ 710,000 $ 1,192,352 (Gain) Loss in fair value reported in the condensed consolidated statements of operations (925,351 ) 20,000 141,451 Ending fair value balance reported in the condensed consolidated balance sheet at March 31, 2022 $ 1,456,518 $ 730,000 $ 1,333,803 (1) During the year ended December 31, 2021, The Door achieved the conditions for the earnout consideration, which were settled subsequent to March 31, 2022 by payment of 279,562 shares of common stock on June 7, 2022. For the three months ended March 31, 2021, the Company recorded a loss in fair value of contingent consideration related to The Door of $370,000 in the condensed consolidated statements of operations. (2) For the three months ended March 31, 2021, the Company recorded a gain in fair value of contingent consideration related to Be Social of $5,000 in the condensed consolidated statements of operations. (3) During the year ended December 31, 2021, B/HI achieved the conditions for the earnout consideration, which were settled on June 14 and June 29, 2022 as described above.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2022
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 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 common stock on any business day (a “Regular Purchase”) , provided that on such day the last closing sale price per-share of our common stock is not less than $1.00 as reported by the Nasdaq Capital Market. The amount of a Regular Purchase may be increased under certain circumstances up to 75,000 shares if the closing price is not below $10.00, and up to 100,000 shares if the closing price is not below $12.50, 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 2021 Purchase Agreement, at the time the Company signed the LP 2021 Purchase Agreement and the LP 2021 Registration Rights Agreement, the Company issued 51,827 37,019 During the three months ended March 31, 2022, excluding the additional commitment shares disclosed above, the Company sold 585,000 3.47 5.15 2,515,350 450,000 3.75 4.60 1,852,290 22.5 Pursuant to the terms of LP 2021 Purchase Agreement, Lincoln Park is currently not obligated to purchase shares of common stock from the Company because the Company no longer has an effective shelf registration statement available to register the shares issuable to Lincoln Park.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	NOTE 12 — SHARE-BASED COMPENSATION On June 29, 2017, the shareholders of the Company approved the Dolphin Digital Media, Inc. 2017 Equity Incentive Plan (the “2017 Plan”). There are 2,000,000 The RSUs granted under the 2017 Plan to the Company’s employees vest in four equal installments on the following dates: March 15, 2022, June 15, 2022, September 15, 2022 and December 15, 2022. The Company recognized compensation expense for RSUs of $ 59,305 no 172,000 0.71 7,982 The following table sets forth the activity for the RSUs: Schedule of RSUs Number of Weighted Average Outstanding (nonvested), December 31, 2021 — $ — Granted 36,336 6.86 Forfeited (2,632 ) 6.86 Vested (8,645 ) 6.86 Outstanding (nonvested), March 31, 2022 25,059 $ 6.86

LOSS PER SHARE

LOSS PER SHARE	3 Months Ended
	Mar. 31, 2022
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 Basic and Diluted Income (Loss) Per Share Three months ended 2022 2021 Numerator Net loss attributable to Dolphin Entertainment stockholders $ (792,481 ) $ (5,271,985 ) Change in fair value of warrants (60,000 ) — Change in fair value of convertible note payable (287,858 ) — Interest expense 9,863 — Numerator for diluted loss per share $ (1,130,476 ) $ (5,271,985 ) Denominator Denominator for basic EPS - weighted-average shares 8,713,700 7,267,297 Effect of dilutive securities: Warrants 4,990 Convertible notes payable 127,877 — Denominator for diluted EPS - adjusted weighted-average shares 8,846,567 7,267,297 Basic loss per share $ (0.09 ) $ (0.73 ) Diluted loss per share $ (0.13 ) $ (0.73 ) Basic loss 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 earnings per share assume that any dilutive equity instruments, such as put rights, 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 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 attribute 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 March 31, 2022 and 2021, the Company had a net loss and as such the two-class method is not presented. For the three months ended March 31, 2022, the convertible promissory notes, except for the convertible notes carried at fair value, were not included in diluted loss per share because inclusion was considered to be anti-dilutive. For the three months ended March 31, 2021, the convertible promissory notes and Put Rights were not included in diluted loss per share because inclusion was considered to be anti-dilutive.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 and December 31, 2021, the Company had accrued $ 2,625,000 1,630,314 1,565,588 64,726 250,000 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	3 Months Ended
	Mar. 31, 2022
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, and B/HI. 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, our President and Chief Executive Officer, for allocating resources to operating segments and assessing operating segment performance is operating income (loss). Salaries and related expenses include salaries, bonuses, commissions and other incentive related expenses. General and administrative expenses include rental expense and depreciation of property, equipment and leasehold improvements for properties occupied by corporate office employees, as well as legal and professional expenses which 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. All segments follow the same accounting policies as those described in the Annual Report on Form 10-K for the year ended December 31, 2021. In connection with the acquisitions of 42West, The Door, Viewpoint, Shore Fire, Be Social, and B/HI, the Company assigned $ 5,800,234 7,669,766 20,021,357 Schedule of Revenue and Assets by Segment Three Months Ended 2022 2021 Revenue: EPM $ 9,177,125 $ 7,177,117 CPD — — Total $ 9,177,125 $ 7,177,117 Segment operating income (loss): EPM $ 861,141 $ (755,067 ) CPD (1,824,850 ) (804,873 ) Total operating loss (963,709 ) (1,559,940 ) Interest expense (149,406 ) (165,194 ) Other income (loss), net 347,858 (3,585,702 ) Loss before income taxes and equity in losses of unconsolidated affiliates $ (765,257 ) $ (5,310,836 ) As of As of Total assets: EPD $ 50,410,457 $ 48,691,939 CPD 3,733,009 4,099,512 Total $ 54,143,466 $ 52,791,451

LEASES

LEASES	3 Months Ended
	Mar. 31, 2022
Leases
LEASES	NOTE 16 — LEASES The Company and its subsidiaries are party to various office leases with terms expiring at different dates through December 2026. 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. The table below shows the lease income and expenses recorded in the condensed consolidated statements of operations incurred during the three months ended March 31, 2022 and 2021. Schedule of Lease Income and Expenses March 31, Lease costs Classification 2022 2021 Operating lease costs Selling, general and administrative expenses $ 576,538 $ 747,830 Operating lease costs Direct costs — 60,861 Sublease income Selling, general and administrative expenses (45,415 ) — Net lease costs $ 531,123 $ 808,691 Lease Payments For the three months ended March 31, 2022 and 2021, the Company made payments in cash related to its operating leases in the amounts of $ 531,777 37,358 Future maturities lease payments for operating leases for the remainder of 2022 and thereafter, were as follows: Schedule of Future Minimum Payments Under Operating Lease Agreements 2022 $ 1,542,263 2023 1,954,903 2024 1,824,908 2025 1,232,060 2026 940,989 Thereafter — Total lease payments $ 7,495,123 Less: Imputed interest (1,164,523 ) Present value of lease liabilities $ 6,330,600 As of March 31, 2022, the Company’s weighted average remaining lease terms on its operating lease is 3.53 7.62

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 17 — COMMITMENTS AND CONTINGENCIES Litigation The Company may be subject to legal proceedings, claims, and liabilities that arise in the ordinary course of business. 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. The Company is not aware of any pending litigation as of the date of this report. 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. 500,000

GENERAL (Policies)

GENERAL (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Impact of COVID-19	Impact of COVID-19 On March 11, 2020, the World Health Organization categorized a novel coronavirus (“COVID-19”) as a pandemic, and it has spread throughout the U.S. The pandemic has had and continues to have a significant effect on economic conditions in the United States, and continues to cause significant uncertainties in the U.S. and global economies. The extent to which the COVID-19 pandemic affects our business, operations and financial results depends, and will continue to depend, on numerous evolving factors that we may not be able to accurately predict. One of our subsidiaries operates in the food and hospitality sector, which was negatively impacted by the orders to either suspend or reduce operations of restaurants and hotels. Similarly, another subsidiary represents talent, such as actors, directors and producers, and revenues from these clients was negatively impacted by the suspension of content production. The television and streaming consumption around the globe has increased since the outbreak of COVID-19, as well as the demand for consumer products. Revenues from the marketing of these shows and products somewhat offset the decrease in revenue from the sectors discussed above. Depending on the extent and duration of the pandemic and the related economic impacts, COVID-19 may continue to impact our business and financial results, as well as significant judgements and estimates, including those related to goodwill and other asset impairments and allowances for doubtful accounts.
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 and B/HI. 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 March 31, 2022, and its results of operations and cash flows for the three months ended March 31, 2022 and 2021. All significant inter-company balances and transactions have been eliminated from the condensed consolidated financial statements. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2022. The condensed consolidated balance sheet as of December 31, 2021 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, 2021.
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 as of 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. Management bases its estimates on historical experience and on other various assumptions that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ materially from such estimates under different assumptions and conditions. Due to COVID-19 and the uncertainty of the extent of the impacts related thereto, certain estimates and assumptions may require increased judgment. As events continue to evolve and additional information becomes available, these estimates may change in future periods. It is difficult to predict what the ongoing impact of the pandemic will be on future periods.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Guidance Not Yet Adopted Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In June 2016, the FASB issued new guidance on measurement of credit losses (ASU 2016-13, “ Measurement of Credit Losses on Financial Instruments
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform with current year presentation.

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue
Schedule of Revenue by Segment	Schedule of Revenue by Segment Three Months Ended March 31, 2022 2021 Entertainment publicity and marketing $ 9,177,125 $ 7,177,117 Content production — — Total Revenues $ 9,177,125 $ 7,177,117
Schedule of contract asset and liability	Schedule of contract asset and liability Contract Contract Balance as of December 31, 2021 $ 62,500 $ 406,373 Consideration received for services previously performed (62,500 ) — Cash received in advance of consideration transferred — 1,265,138 Revenue recognized — 314,937 Balance as of March 31, 2022 $ — $ 1,356,574

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Schedule of Intangible Assets March 31, 2022 December 31, 2021 Gross Accumulated Net Gross Accumulated Net Intangible assets subject to amortization: Customer relationships $ 8,290,000 $ 5,097,099 $ 3,192,901 $ 8,290,000 $ 4,880,016 $ 3,409,984 Trademarks and trade names 4,490,000 1,917,667 2,572,333 4,490,000 1,797,917 2,692,083 Non-compete agreements 690,000 655,000 35,000 690,000 650,000 40,000 $ 13,470,000 $ 7,669,766 $ 5,800,234 $ 13,470,000 $ 7,327,933 $ 6,142,067
Schedule of amortization expense related to intangible assets for the next five years	Schedule of amortization expense related to intangible assets for the next five years 2022 $ 1,025,497 2023 1,227,824 2024 991,715 2025 961,373 2026 934,001 Thereafter 659,824 Total $ 5,800,234

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Consideration Transferred	Schedule of Consideration Transferred Payments made to settle final indebtedness, net of minimum operating cash as defined in the B/HI Share Purchase Agreement $ 575,856 Working capital adjustment 192,986 Fair value of common stock issued to the B/HI Sellers 36,715 Fair value of the consideration transferred $ 805,557
Schedule of Assets Acquired and Liabilities Assumed	Schedule of Assets Acquired and Liabilities Assumed January 1, 2021 Measurement Period Adjustments December 31, 2021 Cash $ 65,465 $ — $ 65,465 Accounts receivable 154,162 — 154,162 Other current assets 15,262 — 15,262 Property, equipment and leasehold improvements 24,639 — 24,639 Right-of-use asset 1,044,864 — 1,044,864 Other assets 23,617 — 23,617 Intangibles 270,000 — 270,000 Total identifiable assets acquired 1,598,009 — 1,598,009 Accrued payable (104,724 ) — (104,724 ) Accrued expenses and other current liabilities (259,936 ) — (259,936 ) Lease liability (1,044,864 ) — (1,044,864 ) Deferred revenue (56,994 ) — (56,994 ) Line of credit (456,527 ) — (456,527 ) Deferred tax liability (38,851 ) — (38,851 ) Loans payable (75,550 ) — (75,550 ) Total liabilities assumed (2,037,446 ) — (2,037,446 ) Net identifiable liabilities acquired (439,437 ) (439,437 ) Goodwill 470,595 5,557 476,152 Net assets acquired $ 31,158 $ 5,557 $ 36,715

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2022
Payables and Accruals [Abstract]
Schedule of Other liabilities	Schedule of Other liabilities March 31, December 31, 2022 2021 Accrued funding under Max Steel production agreement $ 620,000 $ 620,000 Accrued audit, legal and other professional fees 705,610 429,299 Accrued commissions 471,738 457,269 Accrued bonuses 130,817 360,817 Due to seller of Be Social 11,632 304,169 Talent liability 2,906,327 2,908,357 Accumulated customer deposits 1,426,526 1,206,864 Other 461,457 563,809 Other current liabilities $ 6,734,107 $ 6,850,584

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of debt	Schedule of debt March 31, December 31, Debt Type 2022 2021 Convertible notes payable $ 2,900,000 $ 2,900,000 Convertible notes payable - fair value option 710,277 998,135 Non-convertible promissory notes 950,720 1,176,644 Loans from related party (see Note 9) 1,107,873 1,107,873 Total debt 5,668,870 6,182,652 Less current portion of debt (110,400 ) (307,685 ) Noncurrent portion of debt $ 5,558,470 $ 5,874,967
Schedule of Future Annual Contractual Principal Payment Commitments of Debt	Schedule of Future Annual Contractual Principal Payment Commitments of Debt Debt Type Maturity Date 2022 2023 2024 2025 2026 Thereafter Convertible notes payable Ranging between August and September 2023 $ — $ 2,900,000 $ — $ — $ — $ — Convertible notes payable - fair value option March 2030 $ — $ — $ — $ — $ — $ 500,000 Nonconvertible promissory notes Ranging between June and December 2023 $ 110,400 $ 840,320 $ — $ — $ — $ — Loans from related party July 2023 $ — $ 1,107,873 $ — $ — $ — $ — $ 110,400 $ 4,848,193 $ — $ — $ — $ 500,000

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Schedule of consolidated financial instruments	Schedule of consolidated financial instruments Level in March 31, 2022 December 31, 2021 Fair Value Carrying Fair Carrying Fair Hierarchy Amount Value Amount Value Assets: Cash and cash equivalents 1 $ 9,624,275 9,624,275 7,688,743 7,688,743 Restricted cash 1 541,883 541,883 541,883 541,883 Liabilities: Convertible notes payable 3 $ 2,900,000 2,891,000 2,900,000 2,900,000 Convertible notes payable at fair value 3 710,277 710,277 998,135 998,135 Warrant liability 3 75,000 75,000 135,000 135,000 Contingent consideration 3 3,520,321 3,520,321 4,284,221 4,284,221
Schedule of convertible notes payable	Schedule of convertible notes payable March 31, 2022 December 31, 2021 Level Carrying Amount Fair Value Carrying Amount Fair Value 10% convertible notes due in August 2023 3 $ 2,000,000 $ 1,998,000 $ 2,000,000 $ 1,998,000 10% convertible notes due in September 2023 3 900,000 893,000 900,000 902,000 2,900,000 2,891,000 $ 2,900,000 $ 2,900,000
Schedule of fair value categorized within Level 3	Schedule of fair value categorized within Level 3 March 4th Note Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2021 $ 998,135 Gain in fair value reported in the condensed consolidated statements of operations (287,858 ) Ending fair value balance reported on the condensed consolidated balance sheet at March 31, 2022 $ 710,277
Schedule of contingent consideration	Schedule of contingent consideration Be Social Inputs As of March 31, 2022 As of Risk Free Discount Rate (based on US government treasury obligation with a term similar to that of the contingent consideration) 2.12 % 0.73 % Annual Asset Volatility Estimate 80.0 % 85.0 %
Schedule of reconciliation of the fair values	Schedule of reconciliation of the fair values The Door (1) Be Social (2) B/HI (3) Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2021 $ 2,381,869 $ 710,000 $ 1,192,352 (Gain) Loss in fair value reported in the condensed consolidated statements of operations (925,351 ) 20,000 141,451 Ending fair value balance reported in the condensed consolidated balance sheet at March 31, 2022 $ 1,456,518 $ 730,000 $ 1,333,803 (1) During the year ended December 31, 2021, The Door achieved the conditions for the earnout consideration, which were settled subsequent to March 31, 2022 by payment of 279,562 shares of common stock on June 7, 2022. For the three months ended March 31, 2021, the Company recorded a loss in fair value of contingent consideration related to The Door of $370,000 in the condensed consolidated statements of operations. (2) For the three months ended March 31, 2021, the Company recorded a gain in fair value of contingent consideration related to Be Social of $5,000 in the condensed consolidated statements of operations. (3) During the year ended December 31, 2021, B/HI achieved the conditions for the earnout consideration, which were settled on June 14 and June 29, 2022 as described above.
Convertible Debt [Member]
Defined Benefit Plan Disclosure [Line Items]
Schedule of estimated fair value	Schedule of estimated fair value March 31, December 31, Face value principal payable $ 500,000 $ 500,000 Original conversion price $ 3.91 $ 3.91 Value of Common Stock $ 5.21 $ 8.52 Expected term (years) 7.93 8.18 Volatility 100 % 100 % Risk free rate 2.38 % 1.47 %
Series I Warrant [Member]
Defined Benefit Plan Disclosure [Line Items]
Schedule of estimated fair value	Schedule of estimated fair value Fair Value Assumption - Series “I” Warrants March 31, December 31, Exercise Price per share $ 3.91 $ 3.91 Value of Common Stock $ 5.21 $ 8.52 Expected term (years) 3.42 3.67 Volatility 100 % 100 % Dividend yield 0 % 0 % Risk free rate 2.44 % 1.07 %
Schedule of fair value categorized within Level 3	Schedule of fair value categorized within Level 3 Fair Value: Series I Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2021 $ 135,000 Gain in fair value reported in the condensed consolidated statements of operations (60,000 ) Ending fair value balance reported on the condensed consolidated balance sheet at March 31, 2022 $ 75,000
Monte Carlo Simulation [Member]
Defined Benefit Plan Disclosure [Line Items]
Schedule of estimated fair value	Schedule of estimated fair value Fair Value Assumption – Convertible Debt March 31, December 31, Stock Price $ 5.21 $ 8.52 Minimum Conversion Price $ 2.50 $ 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) 1.89 1.95 % 0.61 0.64 %

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of RSUs	Schedule of RSUs Number of Weighted Average Outstanding (nonvested), December 31, 2021 — $ — Granted 36,336 6.86 Forfeited (2,632 ) 6.86 Vested (8,645 ) 6.86 Outstanding (nonvested), March 31, 2022 25,059 $ 6.86

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2022
Loss per share:
Schedule of Basic and Diluted Income (Loss) Per Share	Schedule of Basic and Diluted Income (Loss) Per Share Three months ended 2022 2021 Numerator Net loss attributable to Dolphin Entertainment stockholders $ (792,481 ) $ (5,271,985 ) Change in fair value of warrants (60,000 ) — Change in fair value of convertible note payable (287,858 ) — Interest expense 9,863 — Numerator for diluted loss per share $ (1,130,476 ) $ (5,271,985 ) Denominator Denominator for basic EPS - weighted-average shares 8,713,700 7,267,297 Effect of dilutive securities: Warrants 4,990 Convertible notes payable 127,877 — Denominator for diluted EPS - adjusted weighted-average shares 8,846,567 7,267,297 Basic loss per share $ (0.09 ) $ (0.73 ) Diluted loss per share $ (0.13 ) $ (0.73 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Revenue and Assets by Segment	Schedule of Revenue and Assets by Segment Three Months Ended 2022 2021 Revenue: EPM $ 9,177,125 $ 7,177,117 CPD — — Total $ 9,177,125 $ 7,177,117 Segment operating income (loss): EPM $ 861,141 $ (755,067 ) CPD (1,824,850 ) (804,873 ) Total operating loss (963,709 ) (1,559,940 ) Interest expense (149,406 ) (165,194 ) Other income (loss), net 347,858 (3,585,702 ) Loss before income taxes and equity in losses of unconsolidated affiliates $ (765,257 ) $ (5,310,836 ) As of As of Total assets: EPD $ 50,410,457 $ 48,691,939 CPD 3,733,009 4,099,512 Total $ 54,143,466 $ 52,791,451

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2022
Leases
Schedule of Lease Income and Expenses	Schedule of Lease Income and Expenses March 31, Lease costs Classification 2022 2021 Operating lease costs Selling, general and administrative expenses $ 576,538 $ 747,830 Operating lease costs Direct costs — 60,861 Sublease income Selling, general and administrative expenses (45,415 ) — Net lease costs $ 531,123 $ 808,691
Schedule of Future Minimum Payments Under Operating Lease Agreements	Schedule of Future Minimum Payments Under Operating Lease Agreements 2022 $ 1,542,263 2023 1,954,903 2024 1,824,908 2025 1,232,060 2026 940,989 Thereafter — Total lease payments $ 7,495,123 Less: Imputed interest (1,164,523 ) Present value of lease liabilities $ 6,330,600

REVENUE (Schedule of revenue by

REVENUE (Schedule of revenue by segment) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue	$ 9,177,125	$ 7,177,117
EPM [Member]
Revenue	9,177,125	7,177,117
C P D [Member]
Revenue

REVENUE (Schedule of contract a

REVENUE (Schedule of contract asset and liability) (Details)	3 Months Ended
	Mar. 31, 2022 USD ($)
Revenue
Contract asset, Beginning	$ 62,500
Contract liability, Beginning	406,373
Consideration received for services previously performed	(62,500)
Consideration received for services previously performed
Cash received in advance of consideration transferred
Cash received in advance of consideration transferred	1,265,138
Revenue recognized
Revenue recognized	314,937
Contract asset, Ending
Contract liability, Ending	$ 1,356,574

REVENUE (Details Narrative)

REVENUE (Details Narrative)	3 Months Ended
	Mar. 31, 2022 USD ($)
Revenue
Performance obligations	$ 1,356,574
Performance obligation recognized	$ 1,044,074

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Schedule of Intangible Assets) (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 13,470,000	$ 13,470,000
Accumulated Amortization	7,669,766	7,327,933
Net Carrying Amount	5,800,234	6,142,067
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8,290,000	8,290,000
Accumulated Amortization	5,097,099	4,880,016
Net Carrying Amount	3,192,901	3,409,984
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,490,000	4,490,000
Accumulated Amortization	1,917,667	1,797,917
Net Carrying Amount	2,572,333	2,692,083
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	690,000	690,000
Accumulated Amortization	655,000	650,000
Net Carrying Amount	$ 35,000	$ 40,000

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS (Schedule of amortization expense related to intangible assets) (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 1,025,497
2023	1,227,824
2024	991,715
2025	961,373
2026	934,001
Thereafter	659,824
Total	$ 5,800,234	$ 6,142,067

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of goodwill	$ 20,021,357
Amortization expense	$ 341,833	$ 394,998

ACQUISITIONS (Summary of provis

ACQUISITIONS (Summary of provisional fair value of consideration transferred) (Details)	3 Months Ended
	Mar. 31, 2022 USD ($)
Business Combination and Asset Acquisition [Abstract]
Payments made to settle final indebtedness, net of minimum operating cash as defined in the B/HI Share Purchase Agreement	$ 575,856
Working capital adjustment	192,986
Fair value of common stock issued to the B/HI Sellers	36,715
Fair value of the consideration transferred	$ 805,557

ACQUISITIONS (Schedule of Asset

ACQUISITIONS (Schedule of Assets Acquired and Liabilities Assumed) (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Goodwill	$ 20,021,357	$ 20,021,357
Initial Reported [Member]
Cash		65,465
Accounts receivable		154,162
Other current assets		15,262
Property, equipment and leasehold improvements		24,639
Right-of-use asset		1,044,864
Other assets		23,617
Intangibles		270,000
Total identifiable assets acquired		1,598,009
Accrued payable		(104,724)
Accrued expenses and other current liabilities		259,936
Lease liability		(1,044,864)
Deferred revenue		(56,994)
Line of credit		(456,527)
Deferred tax liability		(38,851)
Loans payable		75,550
Total liabilities assumed		(2,037,446)
Net identifiable liabilities acquired		(439,437)
Goodwill		470,595
Net assets acquired		31,158
Revision of Prior Period, Adjustment [Member]
Cash
Accounts receivable
Other current assets
Property, equipment and leasehold improvements
Right-of-use asset
Other assets
Intangibles
Total identifiable assets acquired
Accrued payable
Accrued expenses and other current liabilities
Lease liability
Deferred revenue
Line of credit
Deferred tax liability
Loans payable
Total liabilities assumed
Goodwill		5,557
Net assets acquired		5,557
Previously Reported [Member]
Cash		65,465
Accounts receivable		154,162
Other current assets		15,262
Property, equipment and leasehold improvements		24,639
Right-of-use asset		1,044,864
Other assets		23,617
Intangibles		270,000
Total identifiable assets acquired		1,598,009
Accrued payable		(104,724)
Accrued expenses and other current liabilities		259,936
Lease liability		(1,044,864)
Deferred revenue		(56,994)
Line of credit		(456,527)
Deferred tax liability		(38,851)
Loans payable		75,550
Total liabilities assumed		(2,037,446)
Net identifiable liabilities acquired		(439,437)
Goodwill		476,152
Net assets acquired		$ 36,715

ACQUISITIONS (Details Narrative

ACQUISITIONS (Details Narrative) - USD ($)		3 Months Ended
	Jan. 08, 2021	Mar. 31, 2022	Mar. 31, 2021
Business Acquisition [Line Items]
Revenues		$ 9,177,125	$ 7,177,117
B H I Share Purchase Agreement [Member]
Business Acquisition [Line Items]
Purchase amount	$ 800,000
Additional earned	$ 1,200,000
B H I [Member]
Business Acquisition [Line Items]
Purchase amount			22,907
Revenues			$ 608,432

NOTES RECEIVABLE (Details Narra

NOTES RECEIVABLE (Details Narrative) - USD ($)	Jul. 11, 2022	Mar. 31, 2022	Dec. 31, 2021	Nov. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Notes receivable		$ 2,209,402	$ 1,510,137
Interest receivable		54,902
Subsequent Event [Member]
Defined Benefit Plan Disclosure [Line Items]
Notes receivable	$ 1,355,460
Midnight Theatre [Member]
Defined Benefit Plan Disclosure [Line Items]
Unsecured convertible promissory notes		$ 1,154,500
Crafthouse Cocktails [Member]
Defined Benefit Plan Disclosure [Line Items]
Unsecured convertible promissory notes				$ 500,000

EQUITY METHOD INVESTMENTS (Deta

EQUITY METHOD INVESTMENTS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Investment in JDDC Elemental LLC	$ 1,000,000
Loss on equity method investment	$ 20,000

OTHER CURRENT LIABILITIES (Sche

OTHER CURRENT LIABILITIES (Schedule of Other liabilities) (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accrued funding under Max Steel production agreement	$ 620,000	$ 620,000
Accrued audit, legal and other professional fees	705,610	429,299
Accrued commissions	471,738	457,269
Accrued bonuses	130,817	360,817
Due to seller of Be Social	11,632	304,169
Talent liability	2,906,327	2,908,357
Accumulated customer deposits	1,426,526	1,206,864
Other	461,457	563,809
Other current liabilities	$ 6,734,107	$ 6,850,584

DEBT (Schedule of debt) (Detail

DEBT (Schedule of debt) (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Convertible notes payable	$ 2,900,000	$ 2,900,000
Convertible notes payable - fair value option	710,277	998,135
Non-convertible promissory notes	950,720	1,176,644
Loans from related party (see Note 9)	1,107,873	1,107,873
Total debt	5,668,870	6,182,652
Less current portion of debt	(110,400)	(307,685)
Noncurrent portion of debt	$ 5,558,470	$ 5,874,967

DEBT (Schedule of Future Annual

DEBT (Schedule of Future Annual Contractual Principal Payment Commitments of Debt) (Details)	Mar. 31, 2022 USD ($)
Debt Instrument [Line Items]
2022	$ 110,400
2023	4,848,193
2024
2025
2026
Thereafter	500,000
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
2022
2023	2,900,000
2024
2025
2026
Thereafter
Convertible Notes Payable Fair Value Option [Member]
Debt Instrument [Line Items]
2022
2023
2024
2025
2026
Thereafter	500,000
Nonconvertible Promissory Notes [Member]
Debt Instrument [Line Items]
2022	110,400
2023	840,320
2024
2025
2026
Thereafter
Loan From Related Party [Member]
Debt Instrument [Line Items]
2022
2023	1,107,873
2024
2025
2026
Thereafter

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Short-Term Debt [Line Items]
Debt instrument amount	$ 2,900,000
Interest rate	10%
Interest expense	$ 67,500	$ 27,538
Iinterest payments	50,833	17,815
Change in fair value of convertible notes and derivative liabilities	287,858	(871,449)
Change in fair value of convertible notes and derivative liabilities	(287,858)	871,449
Interest expenses	149,406	165,194
Debt carrying amount current portion	5,668,870		$ 6,182,652
Notes payable, current portion	110,400		307,685
Current liabilities	16,063,578		$ 14,953,271
Interest expense	24,884	31,659
Interest paid	26,701	31,659
Convertible Debt [Member]
Short-Term Debt [Line Items]
Debt instrument amount	500,000
Noncurrent liabilities	710,277	998,135
Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Iinterest payments	9,863	9,863
Interest expenses	9,863	9,863
Notes Payable to Banks [Member]
Short-Term Debt [Line Items]
Debt instrument amount	$ 950,722
Debt instrument rate	10%
Debt instrument maturity date	December 2023
Nonconvertible Promissory Notes [Member]
Short-Term Debt [Line Items]
Noncurrent liabilities		868,959
Debt carrying amount current portion	$ 200,000
Current liabilities	840,320
Convertible Promissory Notes [Member]
Short-Term Debt [Line Items]
Debt conversion, Principal	$ 2,900,000	$ 2,900,000

LOANS FROM RELATED PARTY (Detai

LOANS FROM RELATED PARTY (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Debt Instrument [Line Items]
Debt instrument amount	$ 2,900,000
Accrued interest	1,713,480		$ 1,621,437
Interest expenses related party	27,317	$ 27,317
Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Debt instrument amount	1,107,873
Accrued interest	$ 83,166	$ 55,849

FAIR VALUE MEASUREMENTS (Schedu

FAIR VALUE MEASUREMENTS (Schedule of consolidated financial instruments) (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Contingent Consideration [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying amount	$ 3,520,321	$ 4,284,221
Fair value	3,520,321	4,284,221
Convertible Notes Payable [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying amount	2,900,000	2,900,000
Fair value	2,891,000	2,900,000
Convertible Notes Payable At Fair Value [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying amount	710,277	998,135
Fair value	710,277	998,135
Warrantliability [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying amount	75,000	135,000
Fair value	75,000	135,000
Cash and Cash Equivalents [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying amount	9,624,275	7,688,743
Fair value	9,624,275	7,688,743
Restricted Cash [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying amount	541,883	541,883
Fair value	$ 541,883	$ 541,883

FAIR VALUE MEASUREMENTS (Sche_2

FAIR VALUE MEASUREMENTS (Schedule of convertible notes payable) (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Net Carrying Amount	$ 2,900,000	$ 2,900,000
Fair Value Amount	2,891,000	2,900,000
August 2023 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	2,000,000	2,000,000
Fair Value Amount	1,998,000	1,998,000
Septembert 2023 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	900,000	900,000
September 2023 [Member]
Short-Term Debt [Line Items]
Fair Value Amount	$ 893,000	$ 902,000

FAIR VALUE MEASUREMENTS (Sche_3

FAIR VALUE MEASUREMENTS (Schedule of Fair Value Assumptions Used to Value Liabilities, Put Rights) (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Risk Free Discount Rate (based on US government treasury obligation with a term similar to that of the Contingent Consideration)	2.12%	0.73%
Annual Asset Volatility Estimate	80%	85%
Monte Carlo Simulation [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Stock Price	$ 5.21	$ 8.52
Minimum conversion price	$ 2.50	$ 2.50
Annual Asset Volatility Estimate	100%	100%
Monte Carlo Simulation [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Risk Free Discount Rate	1.89%	0.61%
Monte Carlo Simulation [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Risk Free Discount Rate	1.95%	0.64%

FAIR VALUE MEASUREMENTS (Sche_4

FAIR VALUE MEASUREMENTS (Schedule of fair value categorized within Level 3) (Details)	3 Months Ended
	Mar. 31, 2022 USD ($)
Short-Term Debt [Line Items]
Beginning fair value balance reported on the consolidated balance sheet	$ 998,135
Gain in fair value reported in the condensed consolidated statements of operations	(287,858)
Ending fair value balance reported on the consolidated balance sheet	710,277
Series I Warrants [Member]
Short-Term Debt [Line Items]
Beginning fair value balance reported on the consolidated balance sheet	135,000
Gain in fair value reported in the condensed consolidated statements of operations	(60,000)
Ending fair value balance reported on the consolidated balance sheet	$ 75,000

FAIR VALUE MEASUREMENTS (Sche_5

FAIR VALUE MEASUREMENTS (Schedule of Fair Value Assumptions Used to Value Liabilities) (Details) - Convertible Debt [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Face value principal payable	$ 500,000	$ 500,000
Original conversion price	$ 3.91	$ 3.91
Value of common stock	$ 5.21	$ 8.52
Expected term (years)	7 years 11 months 4 days	8 years 2 months 4 days
Volatility	100%	100%
Risk free rate	2.38%	1.47%

FAIR VALUE MEASUREMENTS (Warran

FAIR VALUE MEASUREMENTS (Warrants measured at fair value) (Details) - Series I Warrants [Member] - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Exercise Price per share	$ 3.91	$ 3.91
Value of Common Stock	$ 5.21	$ 8.52
Expected term (years)	3 years 5 months 1 day	3 years 8 months 1 day
Volatility	100%	100%
Dividend yield	0%	0%
Risk free rate	2.44%	1.07%

FAIR VALUE MEASUREMENTS (Sche_6

FAIR VALUE MEASUREMENTS (Schedule of reconciliation of the fair values) (Details)	3 Months Ended
	Mar. 31, 2022 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning fair value balance reported on the consolidated balance sheet	$ 998,135
Ending fair value balance reported on the consolidated balance sheet	710,277
Contingent Consideration [Member] | The Door [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning fair value balance reported on the consolidated balance sheet	2,381,869	[1]
(Gain) Loss in fair value reported in the condensed consolidated statements of operations	(925,351)	[1]
Ending fair value balance reported on the consolidated balance sheet	1,456,518	[1]
Contingent Consideration [Member] | Be Social [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning fair value balance reported on the consolidated balance sheet	710,000	[2]
(Gain) Loss in fair value reported in the condensed consolidated statements of operations	20,000	[2]
Ending fair value balance reported on the consolidated balance sheet	730,000	[2]
Contingent Consideration [Member] | B H I [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning fair value balance reported on the consolidated balance sheet	1,192,352	[3]
(Gain) Loss in fair value reported in the condensed consolidated statements of operations	141,451	[3]
Ending fair value balance reported on the consolidated balance sheet	$ 1,333,803	[3]
[1]During the year ended December 31, 2021, The Door achieved the conditions for the earnout consideration, which were settled subsequent to March 31, 2022 by payment of 279,562 shares of common stock on June 7, 2022.  For the three months ended March 31, 2021, the Company recorded a loss in fair value of contingent consideration related to The Door of $370,000 in the condensed consolidated statements of operations.[2]For the three months ended March 31, 2021, the Company recorded a gain in fair value of contingent consideration related to Be Social of $5,000 in the condensed consolidated statements of operations.[3]During the year ended December 31, 2021, B/HI achieved the conditions for the earnout consideration, which were settled on June 14 and June 29, 2022 as described above.

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details Narrative) - USD ($)		1 Months Ended
	Jun. 14, 2022	Jun. 29, 2022	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt instrument amount			$ 2,900,000
Fair value payout				$ 1,300,000
Cash				$ 600,000
B H I [Member] | Subsequent Event [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Shares issued during period	163,369
Contingent consideration paid		$ 600,000
B H I [Member] | Contingent Consideration [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt instrument amount			$ 500,000

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended
	Mar. 07, 2022	Dec. 29, 2021	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
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 common stock on any business day (a “Regular Purchase”) , provided that on such day the last closing sale price per-share of our common stock is not less than $1.00 as reported by the Nasdaq Capital Market. The amount of a Regular Purchase may be increased under certain circumstances up to 75,000 shares if the closing price is not below $10.00, and up to 100,000 shares if the closing price is not below $12.50, provided that Lincoln Park’s committed obligation for Regular Purchases on any business day shall not exceed $2,000,000.
Lincoln Park Transaction [Member]
Restructuring Cost and Reserve [Line Items]
Shares issued during period		25,000,000
Number of shares issued and sold			585,000
Proceeds from issuance of common stock			$ 2,515,350
Lincoln Park Transaction [Member] | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Shares issued price per share			$ 3.47
Lincoln Park Transaction [Member] | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Shares issued price per share			$ 5.15
Lincoln Park Transaction [Member] | L P Purchase Agreement [Member]
Restructuring Cost and Reserve [Line Items]
Shares issued during period	37,019	51,827
Number of shares issued and sold			450,000
Proceeds from issuance of common stock			$ 1,852,290
Remaining amount			$ 22,500,000
Lincoln Park Transaction [Member] | L P Purchase Agreement [Member] | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Shares issued price per share			$ 3.75
Lincoln Park Transaction [Member] | L P Purchase Agreement [Member] | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Shares issued price per share			$ 4.60

SHARE BASED COMPENSATION (Detai

SHARE BASED COMPENSATION (Details)	3 Months Ended
	Mar. 31, 2022 $ / shares shares
Share-Based Payment Arrangement [Abstract]
Number of shares, beginning balance | shares
Weighted Average Grant Date fair Value, beginning balance | $ / shares
Number of shares, Granted | shares	36,336
Weighted Average Grant Date fair Value, Garnted | $ / shares	$ 6.86
Number of shares, Forfeited | shares	(2,632)
Weighted Average Grant Date fair Value, Forfeited | $ / shares	$ 6.86
Number of shares, Vested | shares	(8,645)
Weighted Average Grant Date fair Value, Vested | $ / shares	$ 6.86
Number of shares, ending balance | shares	25,059
Weighted Average Grant Date fair Value, ending balance | $ / shares	$ 6.86

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Jun. 29, 2017	Mar. 31, 2022	Mar. 31, 2021	Jun. 28, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation		$ 59,305
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Compensation expense		59,305
Share-based compensation		0
Unrecognized compensation expense		$ 172,000
Weighted-average period		8 months 15 days
Restricted Stock Units (RSUs) [Member] | Forecast [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Issuance of shares				7,982
2017 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted shares	2,000,000

LOSS PER SHARE (Details)

LOSS PER SHARE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Numerator
Net loss attributable to Dolphin Entertainment stockholders	$ (792,481)	$ (5,271,985)
Change in fair value of warrants	(60,000)
Change in fair value of convertible note payable	(287,858)
Interest expense	9,863
Numerator for diluted loss per share	$ (1,130,476)	$ (5,271,985)
Denominator
Denominator for basic EPS - weighted-average shares	8,713,700	7,267,297
Effect of dilutive securities:
Warrants	4,990
Convertible notes payable	$ 127,877
Denominator for diluted EPS - adjusted weighted-average shares	8,846,567	7,267,297
Basic loss per share	$ (0.09)	$ (0.73)
Diluted loss per share	$ (0.13)	$ (0.73)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended
	Jun. 15, 2022	Dec. 31, 2012	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Interest Expense, Related Party			$ 64,726	$ 64,726
Forecast [Member]
Related Party Transaction [Line Items]
Interest paid related to accrued compensation	$ 250,000
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
Interest Payable			$ 1,630,314		$ 1,565,588

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenue from External Customer [Line Items]
Revenue	$ 9,177,125	$ 7,177,117
Total operating loss	(963,709)	(1,559,940)
Interest expense	(149,406)	(165,194)
Other income (loss), net	347,858	(3,585,702)
Loss before income taxes and equity in losses of unconsolidated affiliates	(765,257)	(5,310,836)
Total assets	54,143,466		$ 52,791,451
EPM [Member]
Revenue from External Customer [Line Items]
Revenue	9,177,125	7,177,117
Total operating loss	861,141	(755,067)
C P D [Member]
Revenue from External Customer [Line Items]
Revenue
Total operating loss	(1,824,850)	$ (804,873)
Total assets	3,733,009		4,099,512
E P D [Member]
Revenue from External Customer [Line Items]
Total assets	$ 50,410,457		$ 48,691,939

SEGMENT INFORMATION (Details Na

SEGMENT INFORMATION (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 7,669,766	$ 7,327,933
42 West, The Door and Viewpoint, Shore Media [Member]
Restructuring Cost and Reserve [Line Items]
Finite-lived Intangible Assets Acquired	5,800,234
Finite-Lived Intangible Assets, Accumulated Amortization	7,669,766
Goodwill, Acquired During Period	$ 20,021,357

LEASES (Schedule of Lease Incom

LEASES (Schedule of Lease Income and Expenses) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net lease costs	$ 531,123	$ 808,691
Selling, General and Administrative Expenses [Member]
Operating lease costs	576,538	747,830
Sublease income	(45,415)
Direct costs [Member]
Operating lease costs		$ 60,861

LEASES (Schedule of Maturities

LEASES (Schedule of Maturities of Lease Liabilities) (Details)	Mar. 31, 2022 USD ($)
Leases
2022	$ 1,542,263
2023	1,954,903
2024	1,824,908
2025	1,232,060
2026	940,989
Thereafter
Total lease payments	7,495,123
Less: Imputed interest	(1,164,523)
Present value of lease liabilities	$ 6,330,600

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases
Operating lease payment	$ 531,777	$ 37,358
Operating lease term	3 years 6 months 10 days
weighted average discount rate	7.62%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - Forecast [Member] - USD ($)	1 Months Ended
	Jun. 29, 2022	Jun. 24, 2022
IMAX agreement, description		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.
Payment for debt	$ 500,000