Dolphin Entertainment (DLPN) 10-K 31 Mar 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 23, 2023	Jun. 30, 2022
Entity Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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 Public Float			$ 25,511,503
Entity Common Stock, Shares Outstanding		12,619,434
Auditor Name	Grant Thornton LLP
Auditor Location	Fort Lauderdale, FL
Auditor Firm ID	248
B D O [Member]
Entity Information [Line Items]
Auditor Name	BDO USA, LLP
Auditor Location	Miami, FL
Auditor Firm ID	243

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current
Cash and cash equivalents	$ 6,069,889	$ 7,688,743
Restricted cash	1,127,960	541,883
Accounts receivable:
Trade, net of allowance of $736,820 and $627,553, respectively	6,162,472	4,513,179
Other receivables	5,552,993	3,583,357
Notes receivable	4,426,700	1,510,137
Other current assets	523,812	450,060
Total current assets	23,863,826	18,287,359
Capitalized production costs, net	1,598,412	137,235
Employee receivable	604,085	366,085
Right-of-use assets	7,341,045	6,129,411
Goodwill	29,314,083	20,021,357
Intangible assets, net	9,884,336	6,142,067
Property, equipment and leasehold improvements, net	293,206	473,662
Other long-term assets	2,477,839	1,234,275
Total Assets	75,376,832	52,791,451
LIABILITIES
Accounts payable	4,798,221	942,085
Term loan, current portion	408,905
Notes payable, current portion	3,868,960	307,685
Contingent consideration	500,000	600,000
Accrued interest – related party	1,744,723	1,621,437
Accrued compensation – related party	2,625,000	2,625,000
Lease liability, current portion	2,073,547	1,600,107
Deferred revenue	1,641,459	406,373
Other current liabilities	7,626,836	6,850,584
Total current liabilities	25,287,651	14,953,271
Noncurrent
Term loan, noncurrent portion	2,458,687
Notes payable, noncurrent portion	500,000	868,959
Convertible notes payable	5,050,000	2,900,000
Convertible notes payable at fair value	343,556	998,135
Loan from related party	1,107,873	1,107,873
Contingent consideration	238,821	3,684,221
Lease liability	6,012,049	5,132,895
Deferred tax liability	253,188	76,207
Warrant liability	15,000	135,000
Other noncurrent liabilities	18,915
Total Liabilities	41,285,740	29,856,561
STOCKHOLDERS’ EQUITY
Preferred Stock, Series C, $0.001 par value, 50,000 shares authorized, 50,000 shares issued and outstanding at December 31, 2022 and 2021	1,000	1,000
Common stock, $0.015 par value, 200,000,000 shares authorized, 12,340,664 and 8,020,381 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively	185,110	120,306
Additional paid in capital	143,119,461	127,247,928
Accumulated deficit	(109,214,479)	(104,434,344)
Total Stockholders’ Equity	34,091,092	22,934,890
Total Liabilities and Stockholders’ Equity	$ 75,376,832	$ 52,791,451

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Allowance for doubtful debts	$ 736,820	$ 627,553
Preferred stock, authorized shares	10,000,000
Common stock, par value	$ 0.015	$ 0.015
Common stock, authorized	200,000,000	200,000,000
Common stock, issued	12,340,664	8,020,381
Common stock, Outstanding	12,340,664	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

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenues	$ 40,505,558	$ 35,727,199
Expenses:
Direct costs	3,566,336	3,879,409
Payroll and benefits	28,947,730	23,819,327
Selling, general and administrative	6,572,020	5,836,235
Acquisition costs	480,939	22,907
Impairment of goodwill	906,337
Change in fair value of contingent consideration	(47,285)	3,754,221
Depreciation and amortization	1,751,211	1,905,354
Legal and professional	2,903,412	2,013,436
Total expenses	45,080,700	41,230,889
Loss from operations	(4,575,142)	(5,503,690)
Other (expenses) income:
Gain on extinguishment of debt		2,988,779
Change in fair value of convertible notes	654,579	(570,844)
Change in fair value of warrants	120,000	(2,482,877)
Change in fair value of put rights		(71,106)
Interest expense	(555,802)	(785,209)
Total other income (expense), net	218,777	(921,257)
Loss before income taxes and equity in losses of unconsolidated affiliates	(4,356,365)	(6,424,947)
Income tax expense	(176,981)	(37,356)
Net loss before equity in losses of unconsolidated affiliates	(4,533,346)	(6,462,303)
Equity in losses of unconsolidated affiliates	(246,789)
Net loss	$ (4,780,135)	$ (6,462,303)
Loss per share:
Basic	$ (0.49)	$ (0.85)
Diluted	$ (0.56)	$ (0.85)
Weighted average number of shares used in per share calculation
Basic	9,799,021	7,614,774
Diluted	9,926,926	7,614,774

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,780,135)	$ (6,462,303)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,751,211	1,905,354
Share-based compensation	215,528
Equity in losses of unconsolidated affiliates	246,789
Commitment shares issued to Lincoln Park Capital LLC	232,118
Bonus payment issued in shares	50,000	17,858
Gain on extinguishment of debt		(2,988,779)
Loss on disposal of fixed assets		48,461
Impairment of right-of-use asset	98,857
Impairment of capitalized production costs	87,323	234,734
Impairment of goodwill	906,337
Bad debt net expense	411,302	327,891
Deferred tax expense (benefit)	176,981	37,356
Change in fair value of put rights		71,106
Change in fair value of contingent consideration	(47,285)	3,754,221
Change in fair value of warrants	(120,000)	2,482,877
Change in fair value of convertible notes	(654,579)	570,844
Changes in operating assets and liabilities:
Accounts receivable, trade and other	(539,546)	(3,243,164)
Other current assets	277,501	(107,020)
Capitalized production costs	(1,548,500)	(100,830)
Other long-term assets and employee receivable	(228,353)	(378,563)
Deferred revenue	(938,308)	(40,113)
Accounts payable	812,267	(352,823)
Accrued interest – related party	123,286	(161,684)
Lease liability	42,103	(46,178)
Other current liabilities	(621,040)	3,112,038
Other noncurrent liabilities	18,915
Net cash used in operating activities	(4,027,227)	(1,318,717)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, equipment and leasehold improvements	(72,198)
Investment in JDDC Elemental LLC		(1,000,000)
Issuance of notes receivable	(3,108,080)	(1,500,000)
Acquisition of Socialyte, LLC, net of cash acquired	(4,739,077)
Acquisition of B/HI Communications, Inc, net of cash acquired		(525,856)
Net cash used in investing activities	(7,919,355)	(3,025,856)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes payable	2,650,000	5,950,000
Proceeds from notes payable	500,000
Proceeds from the term loan	2,903,305
Repayment of term loan	(35,714)	(900,292)
Repayment of notes payable	(307,684)	(96,750)
Exercise of put rights		(1,015,135)
Payment of contingent consideration BHI	(600,000)
Proceeds from Lincoln Park equity line	5,803,899
Net cash provided by financing activities	10,913,806	3,937,823
Net decrease in cash and cash equivalents and restricted cash	(1,032,776)	(406,750)
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	7,197,849	8,230,626
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:
Interest paid	677,081	916,538
Lease liability obtained in exchange for obtaining right-of-use assets	3,098,102	1,044,864
SUPPLEMENTAL DISCLOSURES OF NON CASH FLOW INFORMATION:
Issuance of shares related to conversion of notes payable	500,000	5,603,612
Issuance of shares related to cashless exercise of warrants		2,797,877
Issuance of shares of common stock related to the acquisitions	6,236,677	586,716
Issuance of shares related to extinguishment of debt		29,075
Issuance of shares to Lincoln Park Capital LLC	231,258	777
Settlement of contingent consideration in shares of common stock	516,247	2,974,222
Receipt of Crafthouse equity in connection with marketing agreement	1,000,000
Put rights exchanged for shares of common stock		706,688
Interest on notes paid in stock		8,611
Employee bonus paid in stock	50,000	17,858
Cash and cash equivalents	6,069,889	7,688,743
Restricted cash	1,127,960	541,883
Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows	$ 7,197,849	$ 8,230,626

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - 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				(6,462,303)	(6,462,303)
Issuance of shares related to conversion of note payable		$ 14,460	5,589,152		5,603,612
Issuance of shares related to conversion of note payable, shares		963,985
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 issued to seller of Be Social, shares		103,245
Issuance of shares related to acquisition of The Door		$ 154	(154)
Issuance of shares related to acquisition of The Door, shares		10,238
Issuance of shares related to exchange of Put Rights for stock		$ 1,730	704,958		706,688
Issuance of shares related to exchange of Put Rights for stock, shares		115,366
Issuance of shares related to acquisition of B/HI Communications, Inc		$ 61	36,654		36,715
Issuance of shares related to acquisition of B/HI Communications, Inc, shares		4,075
Shares retired from exercise of puts		$ (276)	(13,153)		(13,429)
Shares retired from exercise of puts, shares		(18,347)
Issuance of shares for employee bonus		$ 29	17,829		17,858
Issuance of shares for employee bonus, shares		1,935
Issuance of shares related to extinguishment of debt		$ 51	29,024		29,075
Issuance of shares related to extinguishment of debt, shares		3,228
Issuance of shares related to acquisition of Shore Fire Media		$ 300	199,700		200,000
Issuance of shares related to acquisition of Shore Fire Media, shares		20,017
Commitment shares issued to Lincoln Park Capital LLC		$ 777	(777)
Commitment shares issued to Lincoln Park Capital LLC, shares		51,827
Ending balance, value at Dec. 31, 2021	$ 1,000	$ 120,306	127,247,928	(104,434,344)	22,934,890
Ending Balance, Shares at Dec. 31, 2021	50,000	8,020,381
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
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				(4,780,135)	(4,780,135)
Share-based compensation			215,528		215,528
Issuance of shares related to an employment agreement		$ 173	49,827		50,000
Issuance of shares related to an employment agreement, shares		11,571
Issuance of shares related to conversion of note payable		$ 1,884	498,116		500,000
Issuance of shares related to conversion of note payable, shares		125,604
Issuance of shares related to cashless exercise of warrants
Issuance of shares related to extinguishment of debt
Issuance of shares to Lincoln Park Capital LLC		$ 25,159	6,010,857		6,036,016
Issuance of shares to Lincoln Park Capital LLC, shares		1,677,332
Issuance of common stock on vesting of restricted stock units, net of shares withheld for taxes		$ 472	(472)
Issuance of common stock on vesting of restricted stock units, net of shares withheld for taxes, shares		31,404
Issuance of shares to sellers of The Door Marketing Group LLC for earnout consideration		$ 4,193	2,377,676		2,381,869
Issuance of shares to sellers of The Door Marketing Group LLC for earnout consideration, shares		279,562
Issuance of shares to seller of B/HI Communication Inc for earnout consideration		$ 2,451	513,796		516,247
Issuance of shares to seller of B/HI Communication Inc for earnout consideration, shares		163,369
Shares issued in relation to acquisition of Socialyte LLC		$ 30,472	6,206,205		6,236,677
Shares issued in relation to acquisition of Socialyte LLC, shares		2,031,491
Ending balance, value at Dec. 31, 2022	$ 1,000	$ 185,110	$ 143,119,461	$ (109,214,479)	$ 34,091,092
Ending Balance, Shares at Dec. 31, 2022	50,000	12,340,664

BASIS OF PRESENTATION AND ORGAN

BASIS OF PRESENTATION AND ORGANIZATION	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND ORGANIZATION	NOTE 1 — BASIS OF PRESENTATION AND ORGANIZATION Dolphin Entertainment, Inc., a Florida corporation (the “Company,” “Dolphin,” “we,” “us” or “our”), is a leading independent entertainment marketing and premium content development company. Through its acquisitions of 42West LLC (“42West”), The Door Marketing Group, LLC (“The Door”), Shore Fire Media, Ltd (“Shore Fire”), Viewpoint Computer Animation Incorporated (“Viewpoint”), Be Social Public Relations, LLC (“Be Social”), B/HI Communications, Inc. (“B/HI”) and Socialyte, LLC (“Socialyte”), the Company provides expert strategic marketing and publicity services throughout the United States of America (“U.S.”) to all of the major film studios and many of the leading independent and digital content providers, A-list celebrity talent, including actors, directors, producers, celebrity chefs, social media influencers and recording artists. The Company also provides strategic marketing publicity services and creative brand strategies for prime hotel and restaurant groups and consumer brands throughout the U.S. The strategic acquisitions of 42West, The Door, Shore Fire, Viewpoint, Be Social, B/HI and Socialyte bring together premium marketing services, including digital and social media marketing capabilities, with premium content production, creating significant opportunities to serve respective constituents more strategically and to grow and diversify the Company’s business. Dolphin’s content production business is a long established, leading independent producer, committed to distributing premium, best-in-class film and digital entertainment. Dolphin produces original feature films and digital programming primarily aimed at family and young adult markets. The accompanying consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“US GAAP”) include the accounts of Dolphin, and all of its wholly owned subsidiaries, comprising Dolphin Films, Inc. (“Dolphin Films”), Dolphin SB Productions LLC, Dolphin Max Steel Holdings, LLC, Dolphin JB Believe Financing, LLC, Dolphin JOAT Productions, LLC, 42West, The Door, Viewpoint, Shore Fire, Be Social, B/HI and Socialyte. All significant intercompany balances and transactions have been eliminated in consolidation. 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. On September 24, 2021, the Company filed an amendment to its Amended and Restated Articles of Incorporation with the Secretary of the State of Florida to increase its authorized shares of common stock to 200,000,000 40,000,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The most significant estimates made by management in the preparation of the financial statements relate to the estimates in the fair value of acquisitions, estimates in assumptions used to calculate the fair value of certain liabilities and impairment assessments for investment in capitalized production costs, goodwill and long-lived assets. Actual results could differ materially from such estimates. Statement of Comprehensive Income In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) Topic 220, Comprehensive Income Revenue Recognition The Company’s revenues are primarily derived from the following sources: (i) celebrity talent services; (ii) content marketing services under multiyear master service agreements in exchange for fixed project-based fees; (iii) individual engagements for entertainment content marketing services for durations of generally between three and six months; (iv) strategic communications services; (v) engagements for marketing of special events such as food and wine festivals; (vi) engagement for marketing of brands; (vii) arranging strategic marketing agreements between brands and social media influencers and (viii) content productions of marketing materials on a project contract basis. For these revenue streams, we collect fees through either fixed fee monthly retainer agreements, fees based on a percentage of contracts or project-based fees. In addition, the Company also earns revenue from content production for digital marketing services, primarily by usage-based royalties for domestic sales. The Company recognizes revenue when our customer obtains control of promised goods or services, in an amount that reflects the consideration to which we expect to receive in exchange for those goods or services. To determine recognition, we perform the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contracts; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contracts; and (v) recognize revenue as or when we satisfy the performance obligation. We only apply the five-step model to contracts when it is probable that Dolphin will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, we assess the goods or services promised within each contract and determine those that are distinct performance obligations. We then assess whether we act as an agent or a principal for each identified performance obligation and include revenue within the transaction price for third-party costs when we determine that we act as principal. We typically do not capitalize costs to obtain a contract as these amounts would generally be recognized over a period of one year or less. The majority of our fees are recognized over time as services are performed, and 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. Principal vs. Agent When a third-party is involved in the delivery of our services to the client, we assess whether or not we are acting as a principal or an agent in the arrangement. The assessment is based on whether we control the specified services at any time before they are transferred to the customer. We have determined that in our events and public relations businesses, we generally act as a principal as our agencies provide a significant service of integrating goods or services provided by third parties into the specified deliverable to our clients. In addition, we have determined that we are responsible for the performance of the third-party suppliers, which are combined with our own services, before transferring those services to the customer. We have also determined that we act as principal when providing creative services and media planning services, as we perform a significant integration service in these transactions. For performance obligations in which we act as principal, we record the gross amount billed to the customer within total revenue and the related incremental direct costs incurred as billable expenses. When a third-party is involved in the production and execution of an advertising campaign and for media buying services, we have determined that we act as the agent and are solely arranging for the third-party suppliers to provide services to the customer. Specifically, we do not control the specified services before transferring those services to the customer, we are not primarily responsible for the performance of the third-party services, nor can we redirect those services to fulfill any other contracts. We do not have inventory risk or discretion in establishing pricing in our contracts with customers. For performance obligations for which we act as the agent, we record our revenue as the net amount of our gross billings less amounts remitted to third parties. In these types of arrangements, the gross billings are recorded as other receivables in the consolidated balance sheets and the amounts remitted to third parties are recorded as “talent liability” within other current liabilities in the consolidated balance sheets. Collaborative Arrangements The Company analyzes our collaboration agreements to assess whether such arrangements, or transactions between arrangement participants, involve joint operating activities performed by parties that are both active participants in the activities and exposed to significant risks and rewards dependent on the commercial success of such activities or are more akin to a vendor-customer relationship. In making this evaluation, the Company considers whether the activities of the collaboration are considered to be distinct and deemed to be within the scope of the collaboration guidance and those that are more reflective of a vendor-customer relationship and, therefore, within the scope of the revenue with contracts with customer guidance. This assessment is performed throughout the life of the arrangement based on changes in the responsibilities of all parties in the arrangement. For collaboration arrangements that are in the scope of the collaboration guidance, we may analogize to the revenue from contracts with customers’ guidance for some aspects of these arrangements. Revenue from transactions with collaboration participants is presented apart from revenue with contracts with customers in our consolidated statements of operations. To date, there has been no revenue generated from collaboration arrangements. Cash and Cash Equivalents Cash and cash equivalents consist of cash deposits at financial institutions. The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Restricted Cash Restricted cash represents amounts held by banking institutions as collateral for security deposits under leases for office space in New York City. As of December 31, 2022 and 2021 the Company had a balance of $ 1,127,960 541,883 Accounts Receivable The Company’s trade accounts receivable relate to its entertainment publicity and marketing business, and are recorded at their net realizable value, which is net of an allowance for doubtful accounts. The carrying amount of accounts receivable is reduced by an allowance for doubtful accounts that reflects management’s best estimate of the amounts that will not be collected. Management individually reviews all delinquent accounts receivable balances and based on an assessment of current creditworthiness, estimates the portion, if any, of the balance that will not be collected. When preparing these estimates, management considers a number of factors, including the age of the receivables, current economic conditions, historical losses and other information management obtains regarding the financial condition of customers. The policy for determining past due status is based on the contractual payment terms of each customer, which are generally net 30 days. Once collection efforts by the Company and its collection agency are exhausted, the determination for charging off uncollectible receivables is made. Other Receivables Prior to the Company’s acquisition, Socialyte entered into a factoring agreement with Peblo LLC (“Peblo”) and agreed to to sell trade receivables in exchange for a fee of 1 1 June 1, 2024 0.9 3.1 31,300 1,025,239 10,356 Other receivables also include gross amounts to be collected from third party suppliers in transactions in which we act as an agent (refer to Revenue Recognition, “Principal vs. Agent” section), which amount to $ 5,552,993 3,583,357 Notes Receivable The notes receivable held by the Company are 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 (see Note 9), these have been recorded at the face value of the note and an allowance for doubtful notes receivable has not been established. Employee Receivable The Company records receivables from employees separately on its consolidated balance sheets. During the years ended December 31, 2022 and 2021, the Company made payments to Amanda Lundberg, the CEO of 42West, in the aggregate amount of $ 238,000 366,085 16,000 December 31, 2027 2 604,085 366,085 Other Current Assets and Other Long-Term Assets Other current assets consist primarily of prepaid expenses, interest receivable, and other non-customer receivables. Other long-term assets consist of equity method investments (see Note 10) and security deposits. From time to time, indemnification assets for certain acquisitions are recorded in Other long-term assets; however, there were no indemnification assets as of December 31, 2022 and 2021. Capitalized Production Costs Capitalized production costs include the Company’s investment in the production costs of the Blue Angels Investments and Strategic Arrangements From time to time, the Company may participate in selected investment or strategic arrangements to expand its operations or customer base, including arrangements that combine the Company’s skills and resources with those of others to allow for the performance of particular projects. Management determines whether each business entity in which it has equity interests, debt, or other investments constitutes a variable interest entity (“VIE”) based on the nature and characteristics of such arrangements. If an investment arrangement is determined to be a VIE, then management determines if the Company is the VIE’s primary beneficiary by evaluating several factors, including the Company’s: (i) risks and responsibilities; (ii) ownership interests; (iii) decision making powers; and (iv) financial interests, among other factors. If management determines the Company is the primary beneficiary of a VIE, then it would be consolidated, and other parties’ interests in the VIE would be accounted for as non-controlling interests. The primary beneficiary consolidating the VIE must normally have both (i) the power to direct the primary activities of the VIE and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE, which, in either case, could be significant to the VIE. The Company has determined that it is the primary beneficiary of JB Believe, LLC, formed on December 4, 2012 in the State of Florida; as such it has included it in its consolidated financial statements as of and for the years ended December 31, 2022 and 2021 as a VIE. Refer to Note 18 for additional information on Variable Interest Entities. The Company’s investments in entities for which it does not have a controlling interest and is not the primary beneficiary, but for which it has the ability to exert significant influence, are accounted for using the equity method of accounting. Under the equity method of accounting, the initial investment is recorded at cost and the investment is subsequently adjusted for its proportionate share of earnings or losses, including consideration of basis differences resulting from the difference between the initial carrying amount of the investment and the underlying equity in net assets. The equity method investments are recorded in other long-term assets in the consolidated balance sheets. Refer to Note 10 for additional information on Equity Method Investments. Intangible Assets In connection with the acquisitions of 42West, The Door, Viewpoint, Shore Fire, Be Social, B/HI and Socialyte, the Company acquired in aggregate an estimated $ 18,680,000 2 13 Intangible assets are initially recorded at fair value and are amortized over their respective estimated useful lives (see table below) and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. If a triggering event has occurred, an impairment analysis is required. The impairment test first requires a comparison of undiscounted future cash flows expected to be generated over the useful life of an asset to the carrying value of the asset. If the carrying value of the asset exceeds the undiscounted cash flows, the asset would not be deemed recoverable. Impairment would then be measured as the excess of the asset’s carrying value over its fair value. See Note 8 for further discussion. The range of estimated useful lives to be used to calculate amortization for finite-lived intangibles are as follow: Schedule of intangible assets Intangible Asset Amortization Method Amortization Period (Years) Customer relationships Accelerated Method 3 13 Trademarks and trade names Straight-line 2 10 Non-compete agreements Straight-line 2 3 Goodwill Goodwill results from business combinations and is recorded as the difference, if any, between the aggregate consideration paid for an acquisition and the fair value of the net tangible assets and other intangible assets acquired. The Company accounts for goodwill in accordance with FASB ASC No. 350, Intangibles—Goodwill and Other (“ASC 350”). Goodwill is not amortized; however, it is assessed for impairment at least annually, or more frequently if triggering events occur. The Company’s annual assessment is performed in the fourth quarter. Each period and for each reporting unit the Company can elect to first assess qualitatively whether it is necessary to perform goodwill impairment testing. If the Company believes, as a result of its qualitative assessment, that it is not more likely than not that the fair value of any reporting unit containing goodwill is less than its carrying amount, the quantitative goodwill impairment test is unnecessary. If the Company elects to bypass the qualitative assessment option, or if the qualitative assessment was performed and resulted in the Company being unable to conclude that it is not more likely than not that the fair value of a reporting unit containing goodwill is greater than its carrying amount, the Company will perform the quantitative goodwill impairment test. The Company evaluates various factors affecting a reporting unit in its qualitative assessment, including, but not limited to, macroeconomic conditions, industry and market considerations, cost factors, and financial performance. If the Company concludes from its qualitative assessment that goodwill impairment testing is required or if the Company bypasses the qualitative test, the fair value of the reporting unit is compared to its carrying amount. Property, Equipment and Leasehold Improvements Property and equipment is recorded at cost and depreciated over the estimated useful lives of the assets using the straight-line method. When items are retired or otherwise disposed of, income is charged or credited for the difference between net book value and proceeds realized thereon. Ordinary maintenance and repairs are charged to expense as incurred, and replacements and betterments are capitalized. Leasehold improvements are amortized over the lesser of the term of the related lease or the estimated useful lives of the assets. The range of estimated useful lives to be used to calculate depreciation and amortization for principal items of property and equipment are as follow: Schedule of estimated useful lives for property and equipment Asset Category Depreciation/Amortization Period (Years) Furniture and fixtures 5 7 Computers, office equipment and software 3 5 Leasehold improvements 5 8 The Company periodically reviews and evaluates the recoverability of property, equipment and leasehold improvements. Where applicable, estimates of net future cash flows, on an undiscounted basis, are calculated based on future revenue estimates. If appropriate and where deemed necessary, a reduction in the carrying amount is recorded. The Company has not had any material impairments of property, equipment and leasehold improvements. Business Combinations The Company accounts for business combinations under the acquisition method of accounting. Identifiable assets acquired, liabilities assumed and any noncontrolling interest in the acquiree are recognized and measured as of the acquisition date at fair value. Goodwill is recognized to the extent by which the aggregate of the acquisition-date fair value of the consideration transferred and any noncontrolling interest in the acquiree exceeds the recognized basis of the identifiable assets acquired, net of assumed liabilities. Determining the fair value of assets acquired, liabilities assumed and noncontrolling interest requires management’s judgment and often involves the use of significant estimates and assumptions, including assumptions with respect to future cash flows, discount rates and asset lives among other items. Contingent Consideration The Company records contingent consideration as a result of certain acquisitions (see Note 5). The Company records the fair value of the contingent consideration liability in the consolidated balance sheets under the caption “Contingent Consideration” and records changes to the liability against earnings or loss under the caption “Changes in fair value of contingent consideration” in the consolidated statements of operations. Put Rights In connection with the 42West acquisition in 2017, the Company entered into put right agreements, pursuant to which it granted put rights to the sellers and certain 42West employees. The Company records the fair value of the liability in the consolidated balance sheets under the caption “Put rights” and records changes to the liability against earnings or loss as part of operating expenses under the caption “Changes in fair value of put rights” in the consolidated statements of operations. The final put rights were settled in March 2021; therefore, we did no no Acquisition Costs Direct costs related to business combinations are expensed as incurred and included as Acquisition costs in the consolidated statements of operations. These costs include all internal and external costs directly related to acquisitions, consisting primarily of legal, consulting, accounting, advisory and financing fees. Convertible Debt and Convertible Preferred Stock On January 1, 2021, the Company adopted Accounting Standards Update (“ASU”) 2020-06 that simplifies the accounting for convertible instruments. ASU 2020-06 (i) reduced the number of accounting models for convertible instruments, by eliminating the models that require separation of cash conversion or beneficial conversion features from the host and (ii) revised the derivative scope exception and (iii) provided targeted improvements for Earnings Per Share (“EPS”). The adoption of ASU 2020-06 did not have a material impact on the Company’s outstanding convertible debt instruments as of January 1, 2021. When the Company issues convertible debt or convertible preferred stock, it evaluates the balance sheet classification to determine whether the instrument should be classified either as debt or equity, and whether the conversion feature should be accounted for separately from the host instrument. A conversion feature of a convertible debt instrument or certain convertible preferred stock would be separated from the convertible instrument and classified as a derivative liability if the conversion feature, were it a standalone instrument, meets the definition of an “embedded derivative” in ASC 815, Derivatives and Hedging. Generally, characteristics that require derivative treatment include, among others, when the conversion feature is not indexed to the Company’s equity, as defined in ASC 815-40, or when it must be settled either in cash or by issuing stock that is readily convertible to cash. When a conversion feature meets the definition of an embedded derivative, it would be separated from the host instrument and classified as a derivative liability carried on the consolidated balance sheet at fair value, with any changes in its fair value recognized currently in the consolidated statements of operations. Fair Value Option (“FVO”) Election The Company accounts for certain convertible notes issued during the year ended December 31, 2020 under the fair value option election of ASC 825, Financial Instruments (“ASC 825”) as discussed below. The convertible notes accounted for under the FVO election are each debt host financial instruments containing embedded features which would otherwise be required to be bifurcated from the debt-host and recognized as separate derivative liabilities subject to initial and subsequent periodic estimated fair value measurements under ASC 815. Notwithstanding, ASC 825-10-15-4 provides for the “fair value option” (“FVO”) election, to the extent not otherwise prohibited by ASC 825-10-15-5, to be afforded to financial instruments, wherein bifurcation of an embedded derivative is not necessary, and the financial instrument is initially measured at its issue-date estimated fair value and then subsequently remeasured at estimated fair value on a recurring basis at each reporting period date. The estimated fair value adjustment, as required by ASC 825-10-45-5, is recognized as a component of other comprehensive income (“OCI”) with respect to the portion of the fair value adjustment attributed to a change in the instrument-specific credit risk, with the remaining amount of the fair value adjustment recognized as other income (expense) in the accompanying consolidated statement of operations. With respect to the above notes, as provided for by ASC 825-10-50-30(b), the estimated fair value adjustment is presented in a respective single line item within other income (expense) in the accompanying consolidated statements of operations, since the change in fair value of the convertible notes payable was not attributable to instrument specific credit risk. Warrants When the Company issues warrants, it evaluates the proper balance sheet classification of the warrant to determine whether the warrant should be classified as equity or as a derivative liability on the consolidated balance sheets. In accordance with ASC 815-40, Derivatives and Hedging-Contracts in the Entity’s Own Equity (ASC 815-40), the Company classifies a warrant as equity so long as it is “indexed to the Company’s equity” and several specific conditions for equity classification are met. A warrant is not considered indexed to the Company’s equity, in general, when it contains certain types of exercise contingencies or adjustments to exercise price. If a warrant is not indexed to the Company’s equity or it has net cash settlement that results in the warrants to be accounted for under ASC 480, Distinguishing Liabilities from Equity, or ASC 815-40, it is classified as a derivative liability which is carried on the consolidated balance sheet at fair value with any changes in its fair value recognized currently in the statement of operations. As of December 31, 2022 and 2021, the Company had warrants that were classified as liabilities. Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether the inputs are observable in the market and the degree that the inputs are observable. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Observable inputs are based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s own assumptions based on the best information available in the circumstances. The fair value hierarchy prioritizes the inputs used to measure fair value into three broad levels, defined as follows: Level 1 — Inputs are quoted prices in active markets for identical assets or liabilities as of the reporting date. Level 2 — Inputs other than quoted prices included within Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated with observable market data. Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies, and similar techniques that use significant unobservable inputs. Unobservable inputs for the asset or liability that reflect management’s own assumptions about the assumptions that market participants would use in pricing the asset or liability as of the reporting date. To account for the acquisitions of 42West, The Door, Viewpoint, Shore Fire, Be Social, B/HI and Socialyte, the Company made a number of fair value measurements related to the different forms of consideration paid and of the identified assets acquired and liabilities assumed. In addition, the Company makes fair value measurements of its Contingent Consideration. See Notes 5 and17 for further discussion and disclosures. Right-of-Use Asset and Lease Liability The Company accounts for leases under ASC 842, Leases. The Company reviews all agreements to determine if a leasing arrangement exists. The Company determines if an arrangement is a lease at the lease commencement date. In addition to the Company’s lease agreements, the Company reviews all material new vendor arrangements for potential embedded lease obligations. The asset balance related to operating leases is presented within “right-of-use (ROU) asset” on the Company’s consolidated balance sheet. The current and noncurrent balances related to operating leases are presented as “Lease liability,” in their respective classifications, on the Company’s consolidated balance sheet. The lease liability is recognized based on the present value of the remaining fixed lease payments discounted using the Company’s incremental borrowing rate on the date of the lease. The ROU asset is calculated based on the lease liability adjusted for any lease payments paid to the lessor at or before the commencement date (i.e. prepaid rent) and initial direct costs incurred by the Company and excluding any lease incentives received from the lessor. If a lease does not provide a discount rate and the rate cannot be readily determined, an incremental borrowing rate is used to determine the present value of future lease payments. For operating leases, the lease expense is recognized on a straight-line basis over the lease term. The Company accounts for its lease and non-lease components as a single component, and therefore both are included in the calculation of lease liability recognized on the consolidated balance sheets. Income Taxes Deferred taxes are recognized for the future tax effects of temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases using tax rates in effect for the years in which the differences are expected to reverse. The effects of changes in tax laws on deferred tax balances are recognized in the period the new legislation in enacted. Valuation allowances are recognized to reduce deferred tax assets to the amount that is more likely than not to be realized. In assessing the likelihood of realization, management considers estimates of future taxable income. We calculate our current and deferred tax position based on estimates and assumptions that could differ from the actual results reflected in income tax returns filed in subsequent years. Adjustments based on filed returns are recorded when identified. Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. Interest and penalties related to unrecognized tax benefits are recorded as incurred as a component of income tax expense. Earnings (Loss) Per Share Basic earnings (loss) per share is computed by dividing income (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 (loss) per share equals net income (loss) available to common stock stockholders divided by the weighted-average number of common shares outstanding, plus any additional common shares that would have been outstanding if potentially dilutive shares had been issued. Diluted earnings (loss) per share reflects the potential dilution that would occur if certain potentially dilutive instruments were exercised. The potential issuance of common stock is assumed to occur at the beginning of the year (or at the time of issuance of the potentially dilutive instrument, if later), under the if-converted method. Incremental shares are also included using the treasury stock method. The proceeds utilized in applying the treasury stock method consist of the amount, if any, to be paid upon exercise. These proceeds are then assumed to be used to purchase common stock at the average market price of the Company’s common stock during the period. The incremental shares (difference between the shares assumed to be issued and the shares assumed to be purchased), to the extent they would have been dilutive, are included in the denominator of the diluted earnings per share calculation. Potentially dilutive instruments are not included in the computation of diluted loss per share because their inclusion is anti-dilutive. Concentration of Risk The Company maintains its cash and cash equivalents with financial institutions, which at times, may exceed federally insured limits. The Company has not incurred any losses on these accounts. Reclassification Certain prior year amounts have been reclassified to conform with current year presentation. These changes did not have any effect on net loss, stockholders’ equity, the statement of operations or the net change in cash, cash equivalents and restricted cash in the statement of cash flows. Recent Accounting Pronouncements Accounting guidance adopted in fiscal year 2022 In October 2021, the FASB issued ASU 2021-08, “ Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers” Accounting guidance not yet adopted In June 2016, the FASB issued new guidance on measurement of credi

PRIOR INTERIM PERIOD REVISIONS

PRIOR INTERIM PERIOD REVISIONS AND UNAUDITED FINANCIAL DATA	12 Months Ended
	Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract]
PRIOR INTERIM PERIOD REVISIONS AND UNAUDITED FINANCIAL DATA	NOTE 3 – PRIOR INTERIM PERIOD REVISIONS AND UNAUDITED FINANCIAL DATA Revision of previously issued financial statements – Settlement of Contingent Consideration During the preparation of the consolidated financial statements for the year ended December 31, 2022, the Company identified certain errors related to its accounting of the settlement of and related change in fair value of contingent consideration reported in Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022. On December 31, 2021, the Company had a liability in the amount of $ 2,381,869 279,562 In accordance with SAB No. 99, “Materiality,” and SAB No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements,” the Company determined that the unaudited interim condensed consolidated financial statements for the quarterly and year-to-date periods ended March 31, 2022, June 30, 2022 and September 30, 2022 were materially misstated and should be revised. In addition, the change in fair value table disclosed in the Fair Value Measurements footnote and segment information disclosed in the Segment Reporting footnote has been revised for these periods. The revised unaudited interim consolidated financial statements are included below. The amounts and disclosures included in this Annual Report have been revised to reflect the corrected presentation. As discussed above, the Company determined that its unaudited interim condensed consolidated financial statements for the quarterly and year-to-date periods ended March 31, 2022, June 30, 2022 and September 30, 2022 should be revised. The tables below set forth the impact of the revisions on the Company’s unaudited interim condensed consolidated financial statements. Unaudited Financial Data Revisions Nine Months Ended September 30, 2022 (Unaudited, As Revised) Consolidated Statement of Operations Schedule of unaudited financial data For the Nine Months Ended September 30, 2022 As Reported Revision Adjustment As Revised Change in fair value of contingent consideration $ (1,439,778 ) $ 1,358,672 $ (81,106 ) Total expenses 30,975,282 1,358,672 32,333,954 Loss from operations (1,608,534 ) (1,358,672 ) (2,967,206 ) Loss before income taxes and equity in losses of unconsolidated affiliates (1,326,896 ) (1,358,672 ) (2,685,568 ) Net loss before income taxes and equity in losses of unconsolidated affiliates (1,348,568 ) (1,358,672 ) (2,707,240 ) Net loss $ (1,492,191 ) $ (1,358,672 ) $ (2,850,863 ) EPS – Basic $ (0.16 ) $ (0.15 ) $ (0.31 ) EPS – Diluted $ (0.23 ) $ (0.14 ) $ (0.37 ) Consolidated Statements of Cash Flows For the Nine Months Ended September 30, 2022 As Reported Revision Adjustment As Revised Net loss $ (1,492,191 ) $ (1,358,672 ) $ (2,850,863 ) Change in fair value of contingent consideration (1,439,778 ) 1,358,672 (81,106 ) Net cash provided by (used in) operating activities $ (3,634,388 ) $ — $ (3,634,388 ) Segment Information For the Nine Months Ended September 30, 2022 As Reported Revision Adjustment As Revised Segment Operating Income (Loss): EPM $ 3,336,688 $ (1,358,672 ) $ 1,978,016 CPD (4,945,222 ) — (4,945,222 ) Total operating income (loss) (1,608,534 ) (1,358,672 ) (2,410,358 ) Interest expense (400,884 ) — (400,884 ) Other income, net (682,522 ) — 682,522 ) Loss before income taxes and equity in losses of unconsolidated affiliates (1,326,896 ) $ (1,358,672 ) (3,819,243 ) Three and Six Months Ended June 30, 2022 (Unaudited, As Revised) Consolidated Balance Sheet As of June 30, 2022 As Reported Revision Adjustment As Revised Stockholders' Equity: Additional paid in capital $ 133,246,100 1,358,672 $ 134,604,772 Accumulated deficit (104,614,817 ) (1,358,672 ) (105,973,489 ) Total Stockholders’ Equity 28,775,563 — 28,775,563 Total Liabilities and Stockholders’ Equity $ 52,536,655 — $ 52,536,655 Consolidated Statement of Operations For the Three Months Ended June 30, 2022 As Reported Revision Adjustment As Revised Change in fair value of contingent consideration $ (670,878 ) $ 433,321 $ (237,557 ) Total expenses 9,801,668 433,321 10,234,989 Loss from operations 488,958 (433,321 ) 55,637 Loss before income taxes and equity in losses of unconsolidated affiliates 642,632 (433,321 ) 209,311 Net loss before income taxes and equity in losses of unconsolidated affiliates 635,408 (433,321 ) 202,087 Net loss $ 612,008 $ (433,321 ) $ 178,687 EPS – Basic $ 0.06 $ (0.04 ) $ 0.02 EPS – Diluted $ 0.04 $ (0.05 ) $ (0.01 ) For the Six Months Ended June 30, 2022 As Reported Revision Adjustment As Revised Change in fair value of contingent consideration $ (1,434,778 ) $ 1,358,672 $ (76,106 ) Total expenses 19,942,502 1,358,672 21,301,174 Loss from operations (474,751 ) (1,358,672 ) (1,833,423 ) Loss before income taxes and equity in losses of unconsolidated affiliates (122,625 ) (1,358,672 ) (1,481,297 ) Net loss before income taxes and equity in losses of unconsolidated affiliates (137,073 ) (1,358,672 ) (1,495,745 ) Net loss $ (180,473 ) $ (1,358,672 ) $ (1,539,145 ) EPS – Basic $ (0.02 ) $ (0.15 ) $ (0.17 ) EPS – Diluted $ (0.09 ) $ (0.14 ) $ (0.23 ) Segment Information For the three months ended June 30, 2022 For the six months ended June 30, 2022 As Reported Restatement Adjustment As Restated As Reported Restatement Adjustment As Restated Segment Operating Income (Loss): EPM $ 2,217,043 $ (433,321 ) $ 1,783,722 $ 2,731,850 $ (1,358,672 ) $ 1,373,178 CPD (1,728,085 ) — (1,728,085 ) (3,206,618 ) — (3,206,618 ) Total operating income (loss) 488,958 (433,321 ) 55,637 (474,768 ) (1,358,672 ) (1,833,440 ) Interest expense (125,348 ) — (125,348 ) (274,737 ) — (274,737 ) Other income, net 279,022 — 279,022 626,880 — 626,880 Loss before income taxes and equity in losses of unconsolidated affiliates $ 642,632 $ (433,321 ) $ 209,311 $ (122,625 ) $ (1,358,672 ) $ (1,481,297 ) Fair Value Measurements The Door As Reported Restatement Adjustment As Restated Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2021 $ 2,381,869 $ — $ 2,381,869 Gain in fair value reported in the condensed consolidated statements of operations (1,358,672 ) 1,358,672 — Settlement of contingent consideration (Reclassified to additional paid in capital) (1,023,197 ) (1,358,672 ) (2,381,869 ) Ending fair value balance reported in the condensed consolidated balance sheet at June 30, 2022 $ — $ — $ — Revision Three Months Ended March 31, 2022 (Unaudited, As Revised) Consolidated Balance Sheet As of March 31, 2022 As Reported Revision Adjustment As Revised Noncurrent liabilities Contingent consideration $ 2,920,321 $ (1,456,518 ) $ 1,463,803 Total Liabilities $ 29,426,402 $ (1,456,518 ) $ 27,969,884 Stockholders' Equity: Additional paid in capital $ 129,813,123 2,381,869 $ 132,194,992 Accumulated deficit (105,226,825 ) (925,351 ) (106,152,176 ) Total Stockholders’ Equity $ 24,717,064 $ 1,456,518 $ 26,173,582 Total Liabilities and Stockholders' Equity $ 54,143,466 $ — $ 54,143,466 Consolidated Statement of Operations For the Three Months Ended March 31, 2022 As Reported Revision Adjustment As Revised Change in fair value of contingent consideration $ (763,900 ) $ 925,351 $ 161,451 Total expenses 10,140,834 925,351 11,066,185 Loss from operations (963,709 ) (925,351 ) (1,889,060 ) Loss before income taxes and equity in losses of unconsolidated affiliates (765,257 ) (925,351 ) (1,690,608 ) Net loss before income taxes and equity in losses of unconsolidated affiliates (772,481 ) (925,351 ) (1,697,832 ) Net loss $ (792,481 ) $ (925,351 ) $ (1,717,832 ) EPS – Basic $ (0.09 ) $ (0.11 ) $ (0.20 ) EPS – Diluted $ (0.13 ) $ (0.10 ) $ (0.23 ) Segment Information For the three months ended March 31, 2022 As Reported Restatement Adjustment As Restated Segment Operating Income (Loss): EPM $ 861,141 $ (925,351 ) $ (64,210 ) CPD (1,824,850 ) — (1,824,850 ) Total operating income (loss) (963,709 ) (925,351 ) (1,889,060 ) Interest expense (149,406 ) — (149,406 ) Other income, net (347,858 ) — (347,858 ) Loss before income taxes and equity in losses of unconsolidated affiliates $ (765,257 ) $ (925,351 ) $ (1,690,608 ) Fair Value Measurements The Door As Reported Restatement Adjustment As Restated Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2021 $ 2,381,869 $ — $ 2,381,869 (Gain) Loss in fair value reported in the condensed consolidated statements of operations (925,351 ) 925,351 — Settlement of contingent consideration (Reclassified to additional paid in capital) — (2,381,869 ) (2,381,869 ) Ending fair value balance reported in the condensed consolidated balance sheet at March 31, 2022 $ 1,456,518 $ (1,456,518 ) $ —

REVENUE

REVENUE	12 Months Ended
	Dec. 31, 2022
Revenue
REVENUE	NOTE 4 – 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 23. 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 Is 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. For the years ended December 31, 2022 and 2021, the Company derived $ 18,078 21,894 Believe During the year ended December 31, 2022, the Company minted and offered for sale a collection of 7,777 Creature Chronicles: Exiled Aliens 13,175 429,000 50,000 30 The revenues recorded by the EPM and CPD segments is detailed below: Schedule of revenue by segment December 31, 2022 2021 Entertainment publicity and marketing $ 40,058,880 $ 35,705,305 Content production 446,678 21,894 Total Revenues $ 40,505,558 $ 35,727,199 Contract Balances Contract assets are comprised of services provided for which consideration has not been received and are transferred to accounts receivable when the right to payment becomes unconditional. Contract assets are presented within other current assets in the consolidated balance sheets. 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. The opening and closing balances of our contract asset and liability balances from contracts with customers as of December 31, 2022 and 2021 were as follows: Schedule of contract asset and liability Contracts Contracts Balance as of December 31, 2021 $ 62,500 $ 406,373 Balance as of December 31, 2022 — 1,641,459 Change $ (62,500 ) $ 1,235,086 Revenues for the years ended December 31, 2022 and 2021, include the following: Schedule of contract liability December 31, 2022 2021 Amounts included in the beginning of year contract liability balance $ 384,373 $ 389,492 The Company’s unsatisfied performance obligations are for contracts that have an original expected duration of one year or less and, as such, the Company is not required to disclose the remaining performance obligation.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	NOTE 5 — ACQUISITIONS Socialyte, LLC On November 14, 2022 (“Closing Date”), the Company, through its wholly owned subsidiary, Social MidCo LLC, (“MidCo”), acquired all of the issued and outstanding membership interests of Socialyte, a Delaware limited liability company (the “Socialyte Purchase”), pursuant to a membership interest purchase agreement dated the Closing Date (the “Socialyte Purchase Agreement”) between the Company and NSL Ventures, LLC (the “Socialyte Seller). Socialyte is a New York and Los Angeles-based creative agency specializing in social media influencer marketing campaigns for brands. The total consideration paid to the Socialyte Seller in respect to the Socialyte Purchase is $ 14,290,504 2,103,668 5,000,000 5,053,827 1,346,257 3,000,000 685,234 456,273 The consolidated statement of operations includes revenues and net income from Socialyte amounting to $ 1,078,153 236,031 The following table summarizes the fair value of the consideration transferred: Schedule of consideration transferred Closing Common stock (Consideration) $ 4,133,009 Common Stock issued at Closing as working capital adjustment 2,103,668 Cash consideration paid at closing 5,053,827 Cash consideration paid subsequent to closing (Unsecured Promissory Note issued to Seller) 3,000,000 Fair value of the consideration transferred $ 14,290,504 The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed by the Socialyte Purchase on the Closing Date. Amounts in the table are estimates that may change, as described below. There were no measurement period adjustments from the Closing Date through December 31, 2022. The measurement period of the Socialyte Purchase concludes on November 14, 2023. Schedule of assets acquired and liabilities assumed November 14, 2022 Cash $ 314,752 Accounts receivable 2,758,265 Accrued revenue 1,040,902 Property, equipment and leasehold improvements 30,826 Prepaid expenses 351,253 Intangibles 5,210,000 Total identifiable assets acquired 9,705,998 Accounts payable (3,043,871 ) Accrued expenses and other current liabilities (1,397,292 ) Deferred revenue (1,173,394 ) Total liabilities assumed (5,614,557 ) Net identifiable assets acquired 4,091,441 Goodwill 10,199,063 Fair value of the consideration transferred $ 14,290,504 Due to the characteristics of the industry and services Dolphin provides, the acquisitions typically do not have significant amounts of physical assets since the principal assets acquired are client relationships and trade names. As a result, a substantial portion of the purchase price is primarily allocated to intangibles assets and goodwill. Socialyte provides Dolphin an expanded market for the growing social media and influencer market. Goodwill resulting from the Socialyte acquisition is not deductible for tax purposes. Intangible assets acquired in the Socialyte acquisition amounted to: · Customer relationships: $5,060,000. The customer relationships intangible was valued using the multi-period excess earnings method, which was based on the estimate of future revenues and net income attributable to the existing customers, as well as any expected increases from existing customers and potential loss of customer relationships. The historical and estimated customer retention rate utilized was 88% and the assigned useful life for this asset was 10 years representing the period we expect to benefit from the asset. · Trade name: $150,000. Trade name refers to the Socialyte brand, which is somewhat well recognized in the target market. The fair value for the trade name was determined using the Royalty Relief Method based on the Profit Split Method, which is based on the Company’s expected revenues and a royalty rate estimated using comparable industry and market data. As a result of the acquisition, the Company determined it was appropriate to assign a finite useful life of 3 years to the trade name. The Company decided that a finite life would be more appropriate, providing better matching of the amortization expense during the period of expected benefits. The weighted-average useful life of the intangible assets acquired was 9.80 years. Unaudited Pro Forma Consolidated Statements of Operations The following presents the unaudited pro forma consolidated operations as if Socialyte had been acquired on January 1, 2021: Schedule of proforma results of operations 2022 2021 Revenues $ 47,079,183 $ 43,937,936 Net loss $ (4,365,589 ) $ (5,454,024 ) The pro forma amounts for 2022 and 2021 have been calculated after applying the Company’s accounting policies and adjusting the results of the acquisitions to reflect (a) the amortization that would have been charged, assuming the intangible assets resulting from the acquisitions had been recorded on January 1, 2021, (b) to exclude $ 456,273 249,189 The impact of the acquisition of Socialyte on the Company’s actual results for periods following the acquisitions may differ significantly from that reflected in this unaudited pro forma information for a number of reasons. As a result, this unaudited pro forma information is not necessarily indicative of what the combined company’s financial condition or results of operations would have been had the acquisitions been completed on January 1, 2021, as provided in this pro forma financial information. In addition, the pro forma financial information does not purport to project the future financial condition and results of operations of the combined company. 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 million 1.2 million 22,907 3.5 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 As a condition to the B/HI Purchase, Dean Bender, one of the sellers and Shawna Lynch, a key employee of B/HI entered into employment agreements with the Company to continue as employees after the closing of the B/HI Purchase. Mr. Bender’s agreement is for a period of two years through December 31, 2022 and he served as Co-President of B/HI during that term and until his retirement on December 31, 2022. Ms. Lynch’s agreement is for a period of four years and may be renewed on the same terms for two successive two-year terms. Ms. Lynch serves as Co-President of B/HI during the term of her agreement. 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 December 31, 2021 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 Due to the characteristics of the industry and services Dolphin provides, the acquisitions typically do not have significant amounts of physical assets since the principal assets acquired are client relationships, talent and trade names. As a result, a substantial portion of the purchase price is primarily allocated to intangibles assets and goodwill. B/HI provided an additional customer vertical in which Dolphin did not have a presence and was interested in expanding. Goodwill resulting from the B/HI acquisition is not deductible for tax purposes.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	NOTE 6 — GOODWILL AND INTANGIBLE ASSETS As of December 31, 2022, the Company has a balance of $29,314,083 of goodwill on its consolidated balance sheet resulting from its acquisitions of 42West, The Door, Viewpoint, Shore Fire, Be Social, B/HI and Socialyte. All goodwill has been assigned to the entertainment publicity and marketing segment. Goodwill All of the Company’s goodwill is related to the entertainment, publicity and marketing segment. Changes in the carrying value of goodwill were as follows: Schedule of changes in carrying value of goodwill Balance as of December 31, 2020 $ 19,627,856 Measurement period adjustments (1) (77,094 ) Acquisitions (2) 470,595 Balance as of December 31, 2021 $ 20,021,357 Acquisitions (3) 10,199,063 Goodwill impairment (4) (906,337 ) Balance as of December 31, 2022 $ 29,314,083 (1) Measurement period adjustments recorded in connection with the Be Social and B/HI acquisitions. (2) Acquisition of B/HI in January 2021. (3) Acquisition of Socialyte in November 2022. (4) The Company recorded an impairment of goodwill, specifically for the Goodwill assigned to Viewpoint. During the fourth quarter of 2022, management bypassed the optional qualitative 0.9 No Intangible Assets Intangible assets consisted of the following as of December 31, 2022 and 2021: Schedule of intangible assets December 31, 2022 December 31, 2021 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Intangible assets subject to amortization: Customer relationships $ 13,350,000 $ 5,842,498 $ 7,507,502 $ 8,290,000 $ 4,880,016 $ 3,409,984 Trademarks and trade names 4,640,000 2,283,166 2,356,834 4,490,000 1,797,917 2,692,083 Non-compete agreements 690,000 670,000 20,000 690,000 650,000 40,000 $ 18,680,000 $ 8,795,664 $ 9,884,336 $ 13,470,000 $ 7,327,933 $ 6,142,067 The following table presents the changes in intangible assets for the years ended December 31, 2022 and 2021: Schedule of changes in intangible assets Balance as of December 31, 2020 $ 7,452,059 Intangible assets from B/HI acquisition 270,000 Amortization expense (1,579,992 ) Balance as of December 31, 2021 $ 6,142,067 Intangible assets from Socialyte acquisition 5,210,000 Amortization expense (1,467,731 ) Balance as of December 31, 2022 $ 9,884,336 Amortization expense related to intangible assets for the next five years is as follows: Schedule of amortization expense related to intangible assets for the next five years 2023 $ 2,015,910 2024 1,701,993 2025 1,597,789 2026 1,465,978 2027 854,992 Thereafter 2,247,674 Total $ 9,884,336

CAPITALIZED PRODUCTION COSTS

CAPITALIZED PRODUCTION COSTS	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
CAPITALIZED PRODUCTION COSTS	NOTE 7 — CAPITALIZED PRODUCTION COSTS There were no 21,894 Believe 1,548,000 Blue Angels The Company purchases scripts and incurs other costs, such as preparation of budgets, casting, etc., for other motion picture or digital productions. During the years ended December 31, 2022 and 2021, the Company recorded impairments of $ 87,323 234,734 As of December 31, 2022 and 2021, the Company had total, net capitalized production costs of $ 1,598,412 137,235

PROPERTY, EQUIPMENT AND LEASEHO

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS	NOTE 8 — PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS Property, equipment and leasehold improvement consists of: Schedule of property, equipment and leasehold December 31, 2022 2021 Furniture and fixtures $ 933,618 $ 910,169 Computers, office equipment and software 2,288,986 1,754,737 Leasehold improvements 505,424 505,425 Property plant and equipment gross 3,728,028 3,170,331 Less: accumulated depreciation and amortization (3,434,822 ) (2,696,669 ) Property plant and equipment net $ 293,206 $ 473,662 The Company recorded depreciation expense of $ 283,480 325,362

NOTES RECEIVABLE

NOTES RECEIVABLE	12 Months Ended
	Dec. 31, 2022
Credit Loss [Abstract]
NOTES RECEIVABLE	NOTE 9 — NOTES RECEIVABLE Midnight Theatre As of December 31, 2022, the Midnight Theatre Notes, as defined herein, amount to $ 4,426,700 318,620 3,108,080 10 September 30, 2023 308,483 10,137 Crafthouse Cocktails On November 30, 2021 Crafthouse Cocktails issued a $ 500,000

EQUITY METHOD INVESTMENTS

EQUITY METHOD INVESTMENTS	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
EQUITY METHOD INVESTMENTS	NOTE 10 — EQUITY METHOD INVESTMENTS The Company’s equity method investment consisted of: (1) Class A and Class B units of JDDC Elemental LLC, a Limited Liability Company operating under the name Midnight Theatre (“Midnight Theatre”) and (2) Series 2 common interest of Stanton South LLC, which operates Crafthouse Cocktails (“Crafthouse Cocktails”). The Company evaluated these investments under the VIE guidance and determined the Company is not the primary beneficiary of either Midnight Theatre or Crafthouse Cocktails, however it does exercise significant influence over Midnight Theatre and Crafthouse Cocktails; as a result, it accounts for these investments under the equity method of accounting. Midnight Theatre As of December 31, 2022 and 2021, the investment in Midnight Theatre amounted to $ 891,494 1,000,000 13 Hidden Leaf, the restaurant at Midnight Theatre, commenced operations in early July 2022. The theater opened with limited capacity in late September 2022 and is expected to fully open in the Summer of 2023. During the year ended December 31, 2022, the Company recorded a loss of $ 108,506 Crafthouse Cocktails As of December 31, 2022, the investment in Crafthouse Cocktails amounted to $ 361,717 During the year ended December 31, 2022, the Crafthouse Note discussed in Note 9 was converted and Dolphin was issued common memberships interests of Stanton South LLC. In addition, during the year ended December 31, 2022, the Company received an additional $ 1,000,000 500,000 5.3 During the year ended December 31, 2022, the Company recorded a loss of $ 138,238

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
OTHER CURRENT LIABILITIES	NOTE 11 — OTHER CURRENT LIABILITIES Other current liabilities consisted of the following: Schedule of other liabilities December 31, 2022 2021 Accrued funding under Max Steel marketing agreement $ 620,000 $ 620,000 Accrued audit, legal and other professional fees 573,049 429,299 Accrued commissions 702,410 457,269 Accrued bonuses 469,953 360,817 Due to seller of Be Social (2021) — 304,169 Talent liability 3,990,984 2,908,357 Accumulated customer deposits 550,930 1,206,864 Other 719,510 563,809 Other current liabilities $ 7,626,836 $ 6,850,584

DEBT

DEBT	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
DEBT	NOTE 12 — DEBT Total debt of the Company was as follows as of December 31, 2022 and 2021: Schedule of debt December 31, Debt Type 2022 2021 Convertible notes payable (see Note 13) $ 5,050,000 $ 2,900,000 Convertible notes payable - fair value option (see Note 14) 343,556 998,135 Non-convertible promissory notes (see Note 15) 1,368,960 1,176,644 Non-convertible promissory notes – Socialyte (see Note 15) 3,000,000 — Loans from related party (see Note 16) 1,107,873 1,107,873 Term loan, net of debt issuance costs (see Note 12) 2,867,592 — Total debt 13,737,981 6,182,652 Less current portion of debt (4,277,697 ) (307,685 ) Noncurrent portion of debt $ 9,460,284 $ 5,874,967 The table below details the maturity dates of the principal amounts for the Company’s debt as of December 31, 2022: Schedule of future annual contractual principal payment commitments of debt Debt Type Maturity Date 2023 2024 2025 2026 2027 Thereafter Convertible notes payable Ranging between June 2023 and March 2030 $ — $ 2,200,000 $ — $ 450,000 $ 2,400,000 $ 500,000 Nonconvertible promissory notes Ranging between June 2023 and November 2024 868,960 500,000 — — — — Nonconvertible unsecured promissory notes - Socialyte Ranging between June and September 2023 3,000,000 — — — — — Term loan November 14, 2027 408,737 408,737 408,737 408,737 1,232,644 — Loan from related party July 31, 2024 — 1,107,873 — — — — $ 4,277,697 $ 4,216,610 $ 408,737 $ 858,737 $ 3,632,644 $ 500,000 Credit and Security Agreement In connection with the Socialyte Acquisition discussed in Note 5, Socialyte, with MidCo entered into a Credit and Security Agreement with BankProv (“Credit Agreement”), which includes a $ 3,000,000 0.5 5,000 875 The Credit Agreement contains financial covenants that require the Socialyte to maintain: (1) a quarterly minimum debt service ratio of 1.25:1.00; (2) a quarterly senior funded debt to EBITDA (as defined in the Credit Agreement) not to exceed 3.00:1.00 and (3) quarterly total funded debt to EBITDA (as defined in the Credit Agreement) not to exceed 5.00:1.00, as well as the Company to maintain a minimum liquidity of $ 1,500,000 Term Loan The Term Loan has a term of five years, with a maturity date of November 14, 2027. The Company shall repay the Term Loan through 60 consecutive monthly payments of principal (based upon a straight-line amortization period of 84 months, based on the principal amount outstanding, plus interest at an annual rate of 7.37%, commencing on December 14, 2022, and continuing on the corresponding day of each month thereafter until it is paid in full. Any remaining unpaid principal balance, including accrued and unpaid interest and fees, if any) shall be due and payable in full on November 14, 2027, its maturity date. Interest is calculated on the basis of actual days elapsed and a three hundred sixty (360) day year. During the year ended December 31, 2022, the Company made a payment of $ 54,139 18,425 Interest on the Term Loan shall be payable on a monthly basis. Interest shall be computed on the basis of a three hundred sixty (360) day year, for the actual number of days elapsed. Default interest shall be charged in accordance with the terms of the Term Note. Revolver There is no amount drawn on the Revolver as of December 31, 2022 and no amounts were drawn from the Closing Date through December 31, 2022. When drawn, the outstanding principal balance of the revolver shall accrue interest from the date of the draw of the greater of (i) 5.50 0.75

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
CONVERTIBLE NOTES PAYABLE	NOTE 13 — CONVERTIBLE NOTES PAYABLE As of December 31, 2022 and 2021, the principal balance of the convertible promissory notes of $ 5,050,000 2,900,000 Schedule of convertible notes payable December 31, 2022 2021 Principal Amount Net Carrying Principal Amount Net Carrying Maturity Date October 2024 $ 800,000 $ 800,000 $ — $ — November 2024 500,000 500,000 — — December 2024 900,000 900,000 — — November 2026 300,000 300,000 — — December 2026 150,000 150,000 — — August 2027 2,000,000 2,000,000 2,000,000 2,000,000 September 2027 400,000 400,000 900,000 900,000 $ 5,050,000 $ 5,050,000 $ 2,900,000 $ 2,900,000 2023 Convertible Debt Subsequent to December 31, 2022, on January 9, 2023 and January 13, 2023, the Company issued two convertible promissory notes in the aggregate amount of $ 800,000 10 2.00 2022 Convertible Debt During the year ended December 31, 2022, the Company issued seven convertible promissory notes to four noteholders in the aggregate amount of $ 2,650,000 10 2.50 There were no conversions of the 2022 Convertible Debt during the year ended December 31, 2022. The Company recorded interest expense of $ 33,292 11,500 2021 Convertible Debt During the year ended December 31, 2021, the Company issued ten convertible promissory notes to four noteholders in the aggregate amount of $ 5,950,000 10 2.50 During the year ended December 31, 2022, the holder of one convertible promissory note issued during 2021 converted the principal balance of $ 500,000 3.98 5,278 During the year ended December 31, 2021, the holders of seven convertible promissory notes issued during 2021 converted the principal balance of $ 3,050,000 3,333 300,830 9.27 10.74 The Company recorded interest expense of $ 275,278 193,153 277,778 170,653 2020 Convertible Debt During 2020, the Company issued five convertible promissory notes to five noteholders in the aggregate amount of $ 1,445,000 10 2.50 During the year ended December 31, 2021, the holders of the 2020 Convertible Debt converted the principal balance of $ 1,445,000 8,611 381,601 3.69 3.96 The Company recorded interest expense of $ 15,565 27,538

CONVERTIBLE NOTES PAYABLE AT FA

CONVERTIBLE NOTES PAYABLE AT FAIR VALUE	12 Months Ended
	Dec. 31, 2022
Convertible Notes Payable At Fair Value
CONVERTIBLE NOTES PAYABLE AT FAIR VALUE	NOTE 14 — CONVERTIBLE NOTES PAYABLE AT FAIR VALUE The following is a summary of the Company’s convertible notes payable for which it elected the fair value option as of December 31, 2022 and 2021: Schedule of fair value option Fair Value Outstanding as of December 31, 2022 2021 March 4 th $ 343,556 $ 998,135 Total convertible notes payable at fair value (a) $ 343,556 $ 998,135 (a) All amounts as of December 31, 2022 and 2021 are recorded in noncurrent liabilities. 2020 Lincoln Park Note and Warrants On January 3, 2020, the Company entered into a securities purchase agreement with Lincoln Park Capital Fund LLC, an Illinois limited liability company (“Lincoln Park”) and issued a convertible promissory note with a principal amount of $ 1.3 1.2 41,518 3.91 The Company elected the fair value option to account for the 2020 Lincoln Park Note and determined that the 2020 Lincoln Park Warrants met the criteria to be accounted for as a derivative liability due to its net cash settlement provision upon a fundamental transaction. The fair value of the 2020 Lincoln Park Note on issuance was recorded as $ 885,559 103,845 During 2020, Lincoln Park converted an aggregate principal balance of $ 760,000 4.35 4.45 172,181 540,000 3.91 137,966 561,522 As a result of the conversions during 2021 described above, there was no amount outstanding on the 2020 Lincoln Park Note as of December 31, 2022 or 2021. 2020 Lincoln Park Warrants As described above, in connection with the 2020 Lincoln Park Note, the Company issued the 2020 Lincoln Park Warrants to purchase up to 41,518 shares of its common stock on January 3, 2020, as well as on each of the second, fourth, and six month anniversaries of the 2020 Lincoln Park Note issuance date (collectively “Series E, F, G, and H Warrants”). The fair value of the 2020 Lincoln Park Warrants was recorded on issuance as a debt discount of $ 314,441 During 2021, the Series E, F, G, and H Warrants were all exercised for 146,027 2,397,877 As a result of the exercise during 2021 described above, there was no amount outstanding on the Series E, F, G, and H Warrants as of December 31, 2022 or 2021. March 4th Note On March 4, 2020, the Company issued a convertible promissory note to a third-party investor and in exchange received $ 500,000 20,000 3.91 8 460,000 40,000 For the years ended December 31, 2022 and 2021, the fair value of the convertible promissory note decreased by $ 654,579 486,999 For the year ended December 31, 2022 and 2021, the fair value of the Series I Warrant decreased by $ 120,000 85,000 As of both December 31, 2022 and 2021, the principal balance of the convertible promissory note was $ 500,000 343,556 998,135 15,000 135,000 March 25th Note On March 25, 2020, the Company issued a convertible promissory note to a third-party investor for a principal amount of $ 560,000 500,000 10,000 10,000 3.90 th 500,000 For the year ended December 31, 2021, the fair value of the note decreased by $ 20,000 During the year ended December 31, 2021, the March 25th Note was fully converted into 143,588

NONCONVERTIBLE PROMISSORY NOTES

NONCONVERTIBLE PROMISSORY NOTES	12 Months Ended
	Dec. 31, 2022
Nonconvertible Promissory Notes
NONCONVERTIBLE PROMISSORY NOTES	NOTE 15 — NONCONVERTIBLE PROMISSORY NOTES Nonconvertible Promissory Notes As of December 30, 2022, the Company has outstanding unsecured nonconvertible promissory notes in the aggregate amount of $ 1,368,960 10 As of December 31, 2022 and 2021, the Company had a balance of $ 868,960 307,685 500,000 426,645 97,468 122,456 95,318 123,025 On January 15, 2022, its maturity date, a non-convertible promissory note amounting to $ 200,000 Subsequent to December 31, 2022, on February 22, 2023, the Company entered into a nonconvertible promissory note in the amount of $ 2.2 Nonconvertible unsecured promissory notes - Socialyte Promissory Note As discussed in Note 5, as part of the Socialyte Purchase, the Company entered into the Socialyte Promissory Note amounting to $ 3,000,000 1,500,000 1,500,000

LOANS FROM RELATED PARTY

LOANS FROM RELATED PARTY	12 Months Ended
	Dec. 31, 2022
Loans From Related Party
LOANS FROM RELATED PARTY	NOTE 16 — LOANS FROM RELATED PARTY Dolphin Entertainment, LLC (“DE LLC”), an entity wholly owned by the Company’s Chief Executive Officer, William O’Dowd (the “CEO”), previously advanced funds for working capital to Dolphin Films. In prior years, Dolphin Films entered into a promissory note with DE LLC (the “Original DE LLC Note”) in the principal amount of $ 1,009,624 10 For the years ended December 30, 2022 and 2021, the Company did not repay any principal balance of the New DE LLC Note. During both the years ended December 31, 2022 and 2021, the Company recorded interest expense related to the DE LLC Notes $ 110,787 81,621 no As of both December 31, 2022, and 2021, the Company had a principal balance of $ 1,107,873 166,637 55,849

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 17 — FAIR VALUE MEASUREMENTS The Company’s non-financial assets measured at fair value on a nonrecurring basis include goodwill and intangible assets. The determination of our intangible fair values includes several assumptions and inputs (Level 3) that are subject to various risks and uncertainties. Management believes it has made reasonable estimates and judgments concerning these risks and uncertainties. All other financial assets and liabilities are carried at amortized cost. The Company’s cash balances are representative of their fair values, as these balances are comprised of deposits available on demand. The carrying amounts of accounts receivable, notes receivable, prepaid and other current assets, accounts payable and other non-current liabilities approximate their fair values because of the short turnover of these instruments. Financial Disclosures about Fair Value of Financial Instruments The tables below set forth information related to the Company’s consolidated financial instruments: Schedule of consolidated financial instruments Level in December 31, 2022 December 31, 2021 Fair Value Carrying Fair Carrying Fair Hierarchy Amount Value Amount Value Assets: Cash and cash equivalents 1 $ 6,069,889 $ 6,069,889 $ 7,688,743 $ 7,688,743 Restricted cash 1 1,127,960 1,127,960 541,883 541,883 Liabilities: Convertible notes payable 3 $ 5,050,000 $ 4,865,000 $ 2,900,000 $ 2,900,000 Convertible note payable at fair value 3 343,556 343,556 998,135 998,135 Warrant liability 3 15,000 15,000 135,000 135,000 Contingent consideration 3 738,821 738,821 4,284,221 4,284,221 Put Rights As of December 31, 2022 or 2021, there were no amounts due to the sellers of 42West and certain 42West employees from the exercise of the put rights. During the year ended December 31, 2021, the sellers exercised their put rights in accordance with their respective put agreements and caused the Company to purchase the remaining shares of common stock. Due to the change in the fair value of the put rights for the period in which the put rights were outstanding during the year ended December 31, 2021, the Company recorded a loss of $ 71,106 For the put rights, which are measured at fair value and categorized within Level 3 of the fair value hierarchy, the following is a reconciliation of the fair values for the years ended December 31, 2021. As there were no amounts outstanding as of December 31, 2021, there was no movement in the Put Rights during the year ended December 31, 2022: Schedule of put rights Ending fair value balance reported in the consolidated balance sheet at December 31, 2020 $ 1,544,029 Put rights paid in 2021 (1,015,135 ) Loss due to change in fair value 71,106 Loss in exchange of shares for put rights (a) 106,688 Put rights converted into 115,366 shares of common stock (706,688 ) Ending fair value of put rights reported in the consolidated balance sheet at December 31, 2021 $ — (a) The loss in exchange of shares for the put rights is included in gain on extinguishment of debt in the consolidated statements of operations. Convertible notes payable As of December 31, 2022, the Company has ten outstanding convertible notes payable with aggregate principal amount of $ 5,050,000 Schedule of convertible notes payable December 31, 2022 December 31, 2021 Level Carrying Amount Fair Value Carrying Amount Fair Value 10% convertible notes due in October 2024 3 $ 800,000 $ 817,000 $ — $ — 10% convertible notes due in November 2024 3 500,000 513,000 — — 10% convertible notes due in December 2024 3 900,000 912,000 — — 10% convertible notes due in November 2026 3 300,000 285,000 — — 10% convertible notes due in December 2026 3 150,000 143,000 — — 10% convertible notes due in August 2027 3 2,000,000 1,834,000 2,000,000 1,998,000 10% convertible notes due in September 2027 3 400,000 361,000 900,000 902,000 $ 5,050,000 $ 4,865,000 $ 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 December 31, Fair Value Assumption – Convertible Debt 2022 2021 Stock Price $ 1.81 $ 8.52 Minimum Conversion Price $ 2.00 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) 4.02 4.49 % 0.61 0.64 % Fair Value Option (“FVO”) Election – Convertible note payable and freestanding warrants Convertible note payable, at fair value As of December 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 December 31, 2022: Schedule of fair value categorized within level 3 March 4th Note Beginning fair value balance reported on the consolidated balance sheet at December 31, 2020 $ 511,136 Loss on change of fair value reported in the consolidated statements of operations 486,999 Beginning fair value balance reported on the consolidated balance sheet at December 31, 2021 998,135 (Gain) on change of fair value reported in the consolidated statements of operations (654,579 ) Ending fair value balance reported on the consolidated balance sheet at December 31, 2022 $ 343,556 The estimated fair value of the March 4th Note as of December 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 December 31, 2022 2021 Face value principal payable $ 500,000 $ 500,000 Original conversion price $ 3.91 $ 3.91 Value of Common Stock $ 1.81 $ 8.52 Expected term (years) 7.18 8.18 Volatility 100 % 100 % Risk free rate 3.96 % 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, 2020 to December 31, 2022: Schedule of fair value categorized within level 3 Fair Value: Series I Beginning fair value balance reported on the consolidated balance sheet at December 31, 2020 $ 50,000 Loss on change of fair value reported in the consolidated statements of operations 85,000 Beginning fair value balance reported on the consolidated balance sheet at December 31, 2021 $ 135,000 (Gain) on change of fair value reported in the consolidated statements of operations (120,000 ) Ending fair value balance reported on the consolidated balance sheet at December 31, 2022 $ 15,000 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 December 31, Fair Value Assumption - Series I Warrants 2022 2021 Exercise Price per share $ 3.91 $ 3.91 Value of Common Stock $ 1.81 $ 8.52 Expected term (years) 2.67 3.67 Volatility 100 % 100 % Dividend yield 0 % 0 % Risk free rate 4.28 % 1.07 % Contingent consideration The Company records the fair value of the contingent consideration liability in the consolidated balance sheets under the caption “Contingent consideration” and records changes to the liability against earnings or loss under the caption “Change in fair value of contingent consideration” in the consolidated statements of operations. As discussed in Note 5, 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 actual amount of the payout to the B/HI seller, $ 1.1 600,000 163,369 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 Inputs As of December 31, 2021 Risk Free Discount Rate (based on US government treasury obligation with a term similar to that of the contingent consideration) 0.73 % Annual Asset Volatility Estimate 85.00 % For the contingent consideration, which is measured at fair value categorized within Level 3 of the fair value hierarchy, the following is a reconciliation of the fair values from December 31, 2020 to December 31, 2022: Schedule of reconciliation of the fair values The Door (1) Be Social (3) B/HI (2) Beginning fair value balance reported on the consolidated balance sheet at December 31, 2020 $ 370,000 $ 160,000 $ — Loss on change of fair value reported in the consolidated statements of operations 2,011,869 550,000 1,192,352 Ending fair value balance reported on the consolidated balance sheet at December 31, 2021 $ 2,381,869 $ 710,000 $ 1,192,352 Loss on change of fair value reported in the consolidated statements of operations, as revised — (5,000 ) (76,106 ) Settlement of contingent consideration (2,381,869 ) — (1,116,246 ) Ending fair value balance reported in the consolidated balance sheet at December 30, 2022 $ — $ 705,000 $ — (1) Based on the net income for the year ended December 31, 2021, The Door achieved the conditions for the earnout consideration, which was settled on June 7, 2022 by payment of 279,562 shares of common stock. (2) 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.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES	NOTE 18 — VARIABLE INTEREST ENTITIES VIEs are entities that, by design, either (1) lack sufficient equity to permit the entity to finance its activities without additional subordinated financial support from other parties, or (2) have equity investors that do not have the ability to make significant decisions relating to the entity’s operations through voting rights, or do not have the obligation to absorb the expected losses or the right to receive the residual returns of the entity. The primary beneficiary of a VIE is required to consolidate the assets and liabilities of the VIE. The primary beneficiary is the party that has both (1) the power to direct the activities of an entity that most significantly impact the VIE’s economic performance; and (2) through its interests in the VIE, the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. To assess whether the Company has the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance, the Company considers all the facts and circumstances, including its role in establishing the VIE and its ongoing rights and responsibilities. To assess whether the Company has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE, the Company considers all of its economic interests, including debt and equity investments, servicing fees, and derivative or other arrangements deemed to be variable interests in the VIE. This assessment requires that the Company apply judgment in determining whether these interests, in the aggregate, are considered potentially significant to the VIE. The Company evaluated the entities in which it did not have a majority voting interest and determined that it had (1) the power to direct the activities of the entities that most significantly impact their economic performance and (2) had the obligation to absorb losses or the right to receive benefits from these entities. As such the financial statements of JB Believe, LLC are consolidated in the consolidated balance sheets as of December 31, 2022 and 2021, and in the consolidated statements of operations and statements of cash flows presented herein for the years ended December 31, 2022 and 2021. This entity was previously under common control and has been accounted for at historical costs for all periods presented. Summary of financial information for variable interest entities JB Believe LLC As of and for the years ended December 31, 2022 2021 Assets $ 7,354 $ 265,778 Liabilities $ (6,491,314 ) $ (6,749,738 ) Revenues $ 18,078 $ 21,894 Expenses $ — $ (7,437 ) The Company performs ongoing reassessments of (1) whether entities previously evaluated under the majority voting-interest framework have become VIEs, based on certain triggering events, and therefore would be subject to the VIE consolidation framework, and (2) whether changes in the facts and circumstances regarding the Company’s involvement with a VIE cause the Company’s consolidation conclusion to change. The consolidation status of the VIEs with which the Company is involved may change as a result of such reassessments. Changes in consolidation status are applied prospectively with assets and liabilities of a newly consolidated VIE initially recorded at fair value unless the VIE is an entity which was previously under common control, which in that case is consolidated based on historical cost. A gain or loss may be recognized upon deconsolidation of a VIE depending on the amounts of deconsolidated assets and liabilities compared to the fair value of retained interests and ongoing contractual arrangements. JB Believe LLC, an entity owned by Believe Film Partners LLC, of which the Company owns a 25% membership interest, was formed for the purpose of recording the production costs of the motion picture “ Believe Believe 3,200,000 5,000,000 21,894 6,491,834

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 19 — STOCKHOLDERS’ EQUITY Preferred Stock The Company’s Amended and Restated Articles of Incorporation authorize the issuance of 10,000,000 On July 6, 2017, pursuant to the Second Amended and Restated Articles of Incorporation, each share of Series C is convertible into one share of common stock, subject to adjustment for each issuance of common stock (but not upon issuance of common stock equivalents) that occurred, or occurs, from the date of issuance of the Series C (the “issue date”) until the fifth (5th) anniversary of the issue date (i) upon the conversion or exercise of any instrument issued on the issued date or thereafter issued (but not upon the conversion of the Series C), (ii) upon the exchange of debt for shares of common stock, or (iii) in a private placement, such that the total number of shares of common stock held by an “Eligible Class C Preferred Stock Holder” (based on the number of shares of common stock held as of the date of issuance) will be preserved at the same percentage of shares of common stock outstanding held by such Eligible Class C Preferred Stock Holder on such date. An Eligible Class C Preferred Stock Holder means any of (i) DE LLC for so long as Mr. O’Dowd continues to beneficially own at least 90% and serves on the board of directors or other governing entity, (ii) any other entity in which Mr. O’Dowd beneficially owns more than 90%, or a trust for the benefit of others, for which Mr. O’Dowd serves as trustee and (iii) Mr. O’Dowd individually. 3.0 4,738,940 At the meeting of the Board on November 12, 2020, the Board and Mr. O’Dowd agreed to restrict the conversion of the Series C until the Board approved its conversion. Therefore, on November 16, 2020, the Company and DE, LLC entered into a Stock Restriction Agreement pursuant to which the conversion of the Series C is prohibited until such time as a majority of the independent directors of the Board approves the removal of the prohibition. The Stock Restriction Agreement also prohibits the sale or other transfer of the Series C until such transfer is approved by a majority of the independent directors of the Board. The Stock Restriction Agreement shall terminate upon a Change of Control (as such term is defined in the Stock Restriction Agreement) of the Company. On September 27, 2022, the Company’s shareholders approved a proposed amendment to the terms of the Series C Convertible Preferred Stock included in our Articles of Incorporation to increase the number of votes per share of common stock the Series C is convertible into from three votes per share to five votes per share. The Certificate of Designation also provides for a liquidation value of $ 0.001 Common Stock On September 24, 2021, the Company, filed Articles of Amendment (the “Articles of Amendment”) to its Amended and Restated Articles of Incorporation effecting an amendment to increase the number of authorized shares of the Company’s common stock from 40,000,000 shares to 200,000,000 shares. The Articles of Amendment were approved by the Company’s shareholders at the 2021 annual meeting of shareholders. 2022 Lincoln Park Transaction On August 10, 2022, the Company entered into a new purchase agreement (the “LP 2022 Purchase Agreement”) and a registration rights agreement (the “LP 2022 Registration Rights Agreement”) with Lincoln Park 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 Pursuant to the terms of the LP 2022 Registration Rights Agreement, the issuance of shares pursuant to the LP 2022 Purchase Agreement have been registered pursuant to our effective registration statement on Form S-1, and the related prospectus dated September 15, 2022. 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”). The amount of a Regular Purchase may be increased under certain circumstances up to 75,000 shares if the closing price is not below $7.50 and up to 100,000 shares if the closing price is not below $10.00, provided that Lincoln Park’s committed obligation for Regular Purchases on any business day shall not exceed $2,000,000. The purchase price for Regular Purchases (the “Purchase Price”) shall be equal to 98.75% of the lesser of: (i) the lowest sale price of the Common Stock during the Purchase Date, or (ii) the average of the three (3) lowest closing sale prices of the Common Stock during the ten (10) business days prior to the Purchase Date. In the event we purchase the full amount allowed for a Regular Purchase on any given business day, we may also direct Lincoln Park to purchase additional amounts as accelerated and additional accelerated purchases. The purchase price for the accelerated and additional accelerated purchases shall be equal to the lesser of 96% of (i) the closing sale price on the accelerated purchase date, or (ii) such date’s volume weighted average price. Pursuant to the terms of the LP 2022 Purchase Agreement, at the time the Company signed the LP 2022 Purchase Agreement and the LP 2022 Registration Rights Agreement, the Company issued 57,313 Under applicable rules of the NASDAQ Capital Market, the Company could not issue or sell more than 19.99% of the shares of Common Stock outstanding immediately prior to the execution of the LP 2022 Purchase Agreement to Lincoln Park under the LP 2022 Purchase Agreement without stockholder approval. At a meeting held on September 27, 2022, our stockholders approved the issuance of up to $25 million of shares of our common stock pursuant to the LP 2022 Purchase Agreement. During the year ended December 31, 2022, excluding the additional commitment shares disclosed above, the Company sold 548,000 1.92 3.72 1,436,259 250,000 1.88 2.27 529,450 The Company evaluated the contract that includes the right to require Lincoln Park to purchase shares of common stock in the future (“put right”) considering the guidance in ASC 815-40, “Derivatives and Hedging — Contracts on an Entity’s Own Equity” (“ASC 815-40”) and concluded that it is an equity-linked contract that does not qualify for equity classification, and therefore requires fair value accounting. The Company has analyzed the terms of the freestanding put right and has concluded that it has insignificant value as of December 31, 2022. 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. Pursuant to the terms of the LP 2021 Purchase Agreement, Lincoln Park agreed to purchase from the Company up to $ 25,000,000 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 year ended December 31, 2022, excluding the additional commitment shares disclosed above, the Company sold 1,035,000 3.47 5.15 4,367,640 During the year ended December 31, 2021, excluding the commitment shares mentioned above, the Company did not sell any shares of common stock under the LP 2021 Purchase Agreement.

LOSS PER SHARE

LOSS PER SHARE	12 Months Ended
	Dec. 31, 2022
Loss per share:
LOSS PER SHARE	NOTE 20 — 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 Year ended December 31, 2022 2021 Numerator Net loss attributable to Dolphin Entertainment Common Stock holders and numerator for basic loss per share $ (4,780,135 ) $ (6,462,303 ) Change in fair value of convertible notes payable (654,579 ) — Change in fair value of warrants (120,000 ) — Interest expense 39,452 — Numerator for diluted loss per share $ (5,515,262 ) $ (6,462,303 ) Denominator Denominator for basic EPS - weighted-average shares 9,799,021 7,614,774 Effect of dilutive securities: Convertible note payable 127,877 — Warrants 28 — Denominator for diluted EPS - adjusted weighted-average shares 9,926,926 7,614,774 Basic loss per share $ (0.49 ) $ (0.85 ) Diluted loss per share $ (0.56 ) $ (0.85 ) 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 convertible notes payable and warrants were exercised and outstanding common stock adjusted accordingly, if their effect is dilutive. One of the Company’s convertible note 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 years ended December 31, 2022 and 2021, the Company had a net loss and as such the two-class method is not presented. For year ended December 31, 2022, the convertible promissory note carried at fair value and the outstanding warrants were included in the calculation of fully diluted loss per share. The other convertible notes payable carried at their principal loan amount, convertible into an aggregate 1,901,924 506,674

WARRANTS

WARRANTS	12 Months Ended
	Dec. 31, 2022
Warrants
WARRANTS	NOTE 21 — WARRANTS A summary of warrant activity during the years ended December 31, 2022 and 2021 is as follows: Summary of warrants issued Warrants: Shares Weighted Avg. Balance at December 31, 2020 221,513 $ 7.08 Issued — — Exercised (166,072 ) 3.91 Expired (35,441 ) 23.70 Balance at December 31, 2021 20,000 $ 3.91 Issued — — Exercised — — Expired — — Balance at December 31, 2022 20,000 $ 3.91 Series E, F, G and H Warrants During 2020, in relation to the 2020 Lincoln Park Note, the Company issued the 2020 Lincoln Park Warrants (see Note 21), collectively Series E, F, G, and H Warrants. The 2020 Lincoln Park Warrants became exercisable on the six-month anniversary of issuance and for a period of five years thereafter. If a resale registration statement covering the shares of common stock underlying the 2020 Lincoln Park Warrants was not effective and available at the time of exercise, the 2020 Lincoln Park Warrants were exercisable by means of a “cashless” exercise formula. The Company recorded a loss of $ 2,397,877 Series I Warrants On March 4, 2020, in connection with the issuance of a $ 500,000 20,000 3.91 40,000 The Company recorded $ 120,000 85,000 15,000 135,000

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 22 — 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 December 31, 2022 and 2021, the Company had accrued $ 2,625,000 1,578,088 1,565,588 262,498 262,500 250,000 453,345 The Company entered into the New DE LLC Note with an entity wholly owned by our CEO. See Note 16 for further discussion. For the period between October 5, 2021 and December 20, 2021, Aircraft Pictures Limited (“Aircraft”), a company in which Anthony Leo, one the Company’s Directors was a shareholder at the time, hired 42West to provide publicity for Aircraft in exchange for retainer fees of $ 8,500 17,000 87,700 91,714 In connection with the acquisition of 42West, the Company and its CEO, as personal guarantor, entered into put agreements with each of the sellers of 42West, pursuant to which the Company granted the put rights. During each of the years ended December 31, 2021, the Company made payments amounting to $ 400,000 6,507 46.10

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 23 — SEGMENT INFORMATION The Company operates in two reportable segments, Entertainment Publicity and Marketing Segment (“EPM”) and Content Production Segment (“CPD”). · The Entertainment Publicity and Marketing segment is composed of 42West, The Door, Viewpoint, Shore Fire, Be Social, B/HI and Socialyte. This segment primarily provides clients with diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic marketing consulting and content production of marketing materials. · The Content Production segment is composed of Dolphin Entertainment and Dolphin Films. This segment engages in the production and distribution of digital content and feature films. During the year ended December 31, 2022, the Company also designed, minted and sold an NFT collection titled Creature Chronicles: Exiled Aliens The profitability measure employed by our chief operating decision maker for allocating resources to operating segments and assessing operating segment performance is operating income (loss) which is the same as Loss from operations on the Company’s consolidated statements of operations for the years ended December 31, 2022 and 2021. Salaries and related expenses include salaries, bonuses, commissions and other incentive related expenses. Legal and professional expenses primarily include professional fees related to financial statement audits, legal, investor relations and other consulting services, which are engaged and managed by each of the segments. In addition, general and administrative expenses include rental expense and depreciation of property, equipment and leasehold improvements for properties occupied by corporate office employees. All segments follow the same accounting policies as those described in Note 2. In connection with the acquisitions of 42West, The Door, Viewpoint, Shore Fire, Be Social, B/HI and Socialyte, the Company assigned $ 18,680,000 8,795,664 29,314,083 Schedule of revenue and assets by segment Year ended December 31, 2022 2021 Revenue: EPM $ 40,058,880 $ 35,705,305 CPD 446,678 21,894 Total $ 40,505,558 $ 35,727,199 Segment operating income (loss): EPM $ 1,964,803 $ (451,406 ) CPD (6,539,945 ) (5,029,377 ) Total operating loss (4,575,142 ) (5,480,783 ) Interest expense (555,802 ) (785,209 ) Other (loss) income, net 774,579 (158,955 ) Loss before income taxes $ (4,356,365 ) $ (6,424,947 ) As of December 31, 2022 2021 Assets: EPM $ 68,678,335 $ 48,645,789 CPD 6,698,497 4,099,512 Total assets $ 75,376,832 $ 52,745,301

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 24 — INCOME TAXES The Company’s current and deferred income tax provision (benefits) are as follows: Schedule of income tax expense benefit December 31, 2022 2021 Current income tax expense (benefit) Federal $ — $ — State — — Current $ — $ — Deferred income tax expense (benefit) Federal $ (853,835 ) $ (1,107,490 ) State (292,832 ) (37,908 ) Deferred $ (1,146,667 ) $ (1,145,398 ) Change in valuation allowance Federal $ 881,436 $ 1,145,789 State 442,212 36,965 Change in valuation allowance 1,323,648 1,182,754 Income tax provision expense $ 176,981 $ 37,356 At December 31, 2022 and 2021, the Company had deferred tax assets and liabilities as a result of temporary differences between financial statement carrying amounts and the tax basis of assets and liabilities. Deferred income taxes at December 31, 2022 and 2021 are as follows: Schedule of deferred tax assets and liabilities December 31, 2022 2021 Deferred Tax Assets: Accrued Expenses $ 815,951 $ 769,500 IRC 163(j) 1,047,643 762,603 Lease liability 2,190,548 1,847,098 Accrued Compensation 701,205 720,129 Intangibles 2,139,179 2,268,504 Other Assets 227,798 152,709 Capitalized Production Costs 520,866 502,104 Net Operating Losses and Credits 13,986,154 13,224,955 Total Deferred Tax Assets $ 21,629,345 $ 20,247,602 Deferred Tax Liabilities: Fixed Assets (506 ) (51,528 ) Right of use asset (1,988,834 ) (1,681,512 ) Other Liabilities — (19,290 ) Total Deferred Tax Liability $ (1,989,340 ) $ (1,752,330 ) Subtotal $ 19,640,005 $ 18,495,272 Valuation Allowance $ (19,893,193 ) $ (18,569,544 ) Net Deferred Tax Liability $ (253,188 ) $ (74,272 ) The Company had the following net operating loss (“NOL”) carry-forwards, gross, as of December 31, 2022: Schedule of net operating loss Jurisdiction NOL Amount Expires U.S. Federal (1) $ 49,127,354 2028 Florida 26,247,222 2029 California 16,584,057 2032 New York State 3,767,266 2039 New York City 4,686,957 2039 Illinois 540,460 2031 Massachusetts 1,101,829 2038 Total $ 102,055,145 (1) Federal net operating losses generated after December 31, 2017 have an indefinite life and do not expire. Utilization of net operating losses and tax credit carryforwards may be subject to an annual limitation provided by the Internal Revenue Code of 1986, as amended, and similar state provisions. Further, a portion of the carryforwards may expire before being applied to reduce future income tax liabilities. In assessing the ability to realize the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of the deferred tax asset is dependent upon the generation of future taxable income during the periods in which these temporary differences become deductible. Management believes it is more likely than not that the deferred tax asset will not be realized and has recorded a net valuation allowance of $ 19,900,309 18,569,545 A reconciliation of the federal statutory tax rate with the effective tax rate from continuing operations is as follows: Schedule of effective tax rate reconciliation December 31, 2022 2021 Federal statutory tax rate 21.0 % 21.0 % PPP loan forgiveness 0.0 % 10.6 % Goodwill impairment (4.1 )% — % Change in fair value of contingent consideration 0.2 % (12.4 )% Change in fair value of derivative liabilities 3.5 % (10.4 )% State income taxes, net of federal income tax benefit 7.5 % 0.0 % Change in state tax rate (1.4 )% 1.3 % Return to provision adjustment 0.4 % (0.6 )% Business combination — % 0.4 % Other (2.2 )% (0.8 )% Change in valuation allowance (28.8 )% (9.7 )% Effective tax rate (3.9 )% (0.6 )% As of December 31, 2022 and 2021, the Company does not have any material unrecognized tax benefits and accordingly has not recorded any interest or penalties related to unrecognized tax benefits. The Company does not believe that unrecognized tax benefits will significantly change within the next twelve months. Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between the basis of certain assets and liabilities for financial and tax reporting. The deferred taxes represent the future tax consequences of those differences, which will either be deductible or taxable when the assets and liabilities are recovered or settled.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2022
Leases
LEASES	NOTE 25 — LEASES The Company and its subsidiaries are party to various office leases with terms expiring at different dates through November 2027. The amortizable life of the right-of-use asset is limited by the expected lease term. Although certain leases include options to extend the Company did not include these in the right-of-use asset or lease liability calculations because it is not reasonably certain that the options will be executed. Schedule of right of use asset or lease liability calculations December 31, 2022 2021 Assets Right-of-use asset $ 7,341,045 $ 6,129,411 Liabilities Current Lease liability $ 2,073,547 $ 1,600,107 Noncurrent Lease liability $ 6,012,049 $ 5,132,895 Total lease liability $ 8,085,596 $ 6,733,002 The table below shows the lease expenses recorded in the consolidated statements of operations incurred during year ended December 31, 2022 and 2021. Schedule of lease income and expenses December 31, Lease costs Classification 2022 2021 Operating lease costs Selling, general and administrative expenses $ 2,316,745 $ 2,642,798 Operating lease costs Direct costs — 60,861 Sublease income Selling, general and administrative expenses (107,270 ) — Net lease costs $ 2,209,475 $ 2,703,659 Lease Payments For the years ended December 31, 2022 and 2021, the Company made cash payments related to its operating leases in the amount of $ 2,256,551 2,733,158 Future minimum payments for operating leases in effect at December 31, 2022 were as follows: Schedule of future minimum payments under operating lease agreements 2023 $ 2,640,164 2024 2,531,307 2025 1,979,589 2026 1,782,057 2027 719,794 Thereafter — Total $ 9,652,911 Less: Imputed interest (1,567,315 ) Present value of lease liabilities $ 8,085,596 As of December 31, 2022, the Company’s weighted average remaining lease terms on its operating lease is 3.49 8.68 Rent expense for the years ended December 31, 2022 and 2021 was $ 2,316,745 2,703,659

COLLABORATIVE ARRANGEMENT

COLLABORATIVE ARRANGEMENT	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
COLLABORATIVE ARRANGEMENT	NOTE 26 — COLLABORATIVE ARRANGEMENT IMAX Co-Production Agreement On June 24, 2022, the Company entered into an agreement with 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. During the year ended December 31, 2022, the Company paid $ 1,500,000 500,000 We have evaluated the Blue Angels Agreement and have determined that it is a collaborative arrangement under FASB ASC Topic 808 “Collaborative Arrangements”. We will reevaluate whether an arrangement qualifies or continues to qualify as a collaborative arrangement whenever there is a change in either the roles of the participants or the participants’ exposure to significant risks and rewards, dependent upon the ultimate commercial success of documentary motion picture. As production of the documentary motion picture is still in the production process, no income or expense has been recorded in connection with the Blue Angels Agreement during the year ended December 31, 2022.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 27 — 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. Letter of Credit Pursuant to the lease agreement of 42West’s New York office location, the Company is required to issue a letter of credit to secure the leases. On July 24, 2018, the Company renewed the letter of credit issued by City National Bank for the 42West office space in New York. The original letter of credit was for $677,354 and originally expired on August 1, 2018. This letter of credit renews automatically annually unless City National Bank notifies the landlord 60-days prior to the expiration of the bank’s election not to renew the letter of credit. In connection with the annual renewal in 2021, the letter of credit was reduced to $541,883. The Company granted City National Bank a security interest in bank account funds totaling $541,883 pledged as collateral for the letter of credit. The letter of credit commits the issuer to pay specified amounts to the holder of the letter of credit under certain conditions. If this were to occur, the Company would be required to reimburse the issuer of the letter of credit. Pursuant to the sublease agreement of Dolphin’s Los Angeles office location, the Company issued the sublessor a letter of credit from City National Bank in the amount of $ 586,077 September 15, 2022 586,077 The Company is not aware of any claims relating to its outstanding letters of credit as of December 31, 2022.

EMPLOYEE BENEFIT PLAN AND EQUIT

EMPLOYEE BENEFIT PLAN AND EQUITY INCENTIVE PLAN	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLAN AND EQUITY INCENTIVE PLAN	NOTE 28 — EMPLOYEE BENEFIT PLAN AND EQUITY INCENTIVE PLAN The Company and its wholly owned subsidiaries have 401(K) profit sharing plan that covers substantially all of its employees. The Company’s 401(K) plan matches up to 4% of the employee’s contribution. The plans match dollar for dollar the first 3% of the employee’s contribution and then 50% of contributions up to 5%. There are certain limitations for highly compensated employees. The Company’s contributions to these plans for the years ended December 31, 2022 and 2021, were approximately $ 582,912 424,423 Equity Incentive Plan 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 no The Company accounts for its share-based compensation expense related to equity instruments under GAAP, which requires the measurement and recognition of compensation costs for all equity-based payment awards made to employees based on estimated fair values. The Company uses the value of its common stock on the grant date to establish the grant date fair value of the RSUs granted. We have elected to account for forfeitures as they occur. The Company uses authorized and unissued shares to meet share issuance requirements. During the year ended December 31, 2022, the Company granted RSU’s to its employees under the 2017 Plan that 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 $ 212,782 no no The following table sets forth the activity for the RSUs for the year ended December 31, 2022: Schedule of restricted stock units Number of Weighted Average Outstanding (nonvested), December 31, 2021 — $ — Granted 36,434 6.86 Forfeited (4,942 ) 6.86 Vested (31,492 ) 6.86 Outstanding (nonvested), December 31, 2022 — $ — Shares issued related to an employment agreement Pursuant to the employment agreement between the Company and Mr. Anthony Francisco, on July 27, 2022, the Company issued to Mr. Francisco 11,521 4.34 25,000 100,000 6,366 2.24

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The most significant estimates made by management in the preparation of the financial statements relate to the estimates in the fair value of acquisitions, estimates in assumptions used to calculate the fair value of certain liabilities and impairment assessments for investment in capitalized production costs, goodwill and long-lived assets. Actual results could differ materially from such estimates.
Statement of Comprehensive Income	Statement of Comprehensive Income In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) Topic 220, Comprehensive Income
Revenue Recognition	Revenue Recognition The Company’s revenues are primarily derived from the following sources: (i) celebrity talent services; (ii) content marketing services under multiyear master service agreements in exchange for fixed project-based fees; (iii) individual engagements for entertainment content marketing services for durations of generally between three and six months; (iv) strategic communications services; (v) engagements for marketing of special events such as food and wine festivals; (vi) engagement for marketing of brands; (vii) arranging strategic marketing agreements between brands and social media influencers and (viii) content productions of marketing materials on a project contract basis. For these revenue streams, we collect fees through either fixed fee monthly retainer agreements, fees based on a percentage of contracts or project-based fees. In addition, the Company also earns revenue from content production for digital marketing services, primarily by usage-based royalties for domestic sales. The Company recognizes revenue when our customer obtains control of promised goods or services, in an amount that reflects the consideration to which we expect to receive in exchange for those goods or services. To determine recognition, we perform the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contracts; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contracts; and (v) recognize revenue as or when we satisfy the performance obligation. We only apply the five-step model to contracts when it is probable that Dolphin will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, we assess the goods or services promised within each contract and determine those that are distinct performance obligations. We then assess whether we act as an agent or a principal for each identified performance obligation and include revenue within the transaction price for third-party costs when we determine that we act as principal. We typically do not capitalize costs to obtain a contract as these amounts would generally be recognized over a period of one year or less. The majority of our fees are recognized over time as services are performed, and 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. Principal vs. Agent When a third-party is involved in the delivery of our services to the client, we assess whether or not we are acting as a principal or an agent in the arrangement. The assessment is based on whether we control the specified services at any time before they are transferred to the customer. We have determined that in our events and public relations businesses, we generally act as a principal as our agencies provide a significant service of integrating goods or services provided by third parties into the specified deliverable to our clients. In addition, we have determined that we are responsible for the performance of the third-party suppliers, which are combined with our own services, before transferring those services to the customer. We have also determined that we act as principal when providing creative services and media planning services, as we perform a significant integration service in these transactions. For performance obligations in which we act as principal, we record the gross amount billed to the customer within total revenue and the related incremental direct costs incurred as billable expenses. When a third-party is involved in the production and execution of an advertising campaign and for media buying services, we have determined that we act as the agent and are solely arranging for the third-party suppliers to provide services to the customer. Specifically, we do not control the specified services before transferring those services to the customer, we are not primarily responsible for the performance of the third-party services, nor can we redirect those services to fulfill any other contracts. We do not have inventory risk or discretion in establishing pricing in our contracts with customers. For performance obligations for which we act as the agent, we record our revenue as the net amount of our gross billings less amounts remitted to third parties. In these types of arrangements, the gross billings are recorded as other receivables in the consolidated balance sheets and the amounts remitted to third parties are recorded as “talent liability” within other current liabilities in the consolidated balance sheets. Collaborative Arrangements The Company analyzes our collaboration agreements to assess whether such arrangements, or transactions between arrangement participants, involve joint operating activities performed by parties that are both active participants in the activities and exposed to significant risks and rewards dependent on the commercial success of such activities or are more akin to a vendor-customer relationship. In making this evaluation, the Company considers whether the activities of the collaboration are considered to be distinct and deemed to be within the scope of the collaboration guidance and those that are more reflective of a vendor-customer relationship and, therefore, within the scope of the revenue with contracts with customer guidance. This assessment is performed throughout the life of the arrangement based on changes in the responsibilities of all parties in the arrangement. For collaboration arrangements that are in the scope of the collaboration guidance, we may analogize to the revenue from contracts with customers’ guidance for some aspects of these arrangements. Revenue from transactions with collaboration participants is presented apart from revenue with contracts with customers in our consolidated statements of operations. To date, there has been no revenue generated from collaboration arrangements.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash deposits at financial institutions. The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.
Restricted Cash	Restricted Cash Restricted cash represents amounts held by banking institutions as collateral for security deposits under leases for office space in New York City. As of December 31, 2022 and 2021 the Company had a balance of $ 1,127,960 541,883
Accounts Receivable	Accounts Receivable The Company’s trade accounts receivable relate to its entertainment publicity and marketing business, and are recorded at their net realizable value, which is net of an allowance for doubtful accounts. The carrying amount of accounts receivable is reduced by an allowance for doubtful accounts that reflects management’s best estimate of the amounts that will not be collected. Management individually reviews all delinquent accounts receivable balances and based on an assessment of current creditworthiness, estimates the portion, if any, of the balance that will not be collected. When preparing these estimates, management considers a number of factors, including the age of the receivables, current economic conditions, historical losses and other information management obtains regarding the financial condition of customers. The policy for determining past due status is based on the contractual payment terms of each customer, which are generally net 30 days. Once collection efforts by the Company and its collection agency are exhausted, the determination for charging off uncollectible receivables is made. Other Receivables Prior to the Company’s acquisition, Socialyte entered into a factoring agreement with Peblo LLC (“Peblo”) and agreed to to sell trade receivables in exchange for a fee of 1 1 June 1, 2024 0.9 3.1 31,300 1,025,239 10,356 Other receivables also include gross amounts to be collected from third party suppliers in transactions in which we act as an agent (refer to Revenue Recognition, “Principal vs. Agent” section), which amount to $ 5,552,993 3,583,357
Notes Receivable	Notes Receivable The notes receivable held by the Company are 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 (see Note 9), these have been recorded at the face value of the note and an allowance for doubtful notes receivable has not been established.
Employee Receivable	Employee Receivable The Company records receivables from employees separately on its consolidated balance sheets. During the years ended December 31, 2022 and 2021, the Company made payments to Amanda Lundberg, the CEO of 42West, in the aggregate amount of $ 238,000 366,085 16,000 December 31, 2027 2 604,085 366,085
Other Current Assets and Other Long-Term Assets	Other Current Assets and Other Long-Term Assets Other current assets consist primarily of prepaid expenses, interest receivable, and other non-customer receivables. Other long-term assets consist of equity method investments (see Note 10) and security deposits. From time to time, indemnification assets for certain acquisitions are recorded in Other long-term assets; however, there were no indemnification assets as of December 31, 2022 and 2021.
Capitalized Production Costs	Capitalized Production Costs Capitalized production costs include the Company’s investment in the production costs of the Blue Angels
Investments and Strategic Arrangements	Investments and Strategic Arrangements From time to time, the Company may participate in selected investment or strategic arrangements to expand its operations or customer base, including arrangements that combine the Company’s skills and resources with those of others to allow for the performance of particular projects. Management determines whether each business entity in which it has equity interests, debt, or other investments constitutes a variable interest entity (“VIE”) based on the nature and characteristics of such arrangements. If an investment arrangement is determined to be a VIE, then management determines if the Company is the VIE’s primary beneficiary by evaluating several factors, including the Company’s: (i) risks and responsibilities; (ii) ownership interests; (iii) decision making powers; and (iv) financial interests, among other factors. If management determines the Company is the primary beneficiary of a VIE, then it would be consolidated, and other parties’ interests in the VIE would be accounted for as non-controlling interests. The primary beneficiary consolidating the VIE must normally have both (i) the power to direct the primary activities of the VIE and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE, which, in either case, could be significant to the VIE. The Company has determined that it is the primary beneficiary of JB Believe, LLC, formed on December 4, 2012 in the State of Florida; as such it has included it in its consolidated financial statements as of and for the years ended December 31, 2022 and 2021 as a VIE. Refer to Note 18 for additional information on Variable Interest Entities. The Company’s investments in entities for which it does not have a controlling interest and is not the primary beneficiary, but for which it has the ability to exert significant influence, are accounted for using the equity method of accounting. Under the equity method of accounting, the initial investment is recorded at cost and the investment is subsequently adjusted for its proportionate share of earnings or losses, including consideration of basis differences resulting from the difference between the initial carrying amount of the investment and the underlying equity in net assets. The equity method investments are recorded in other long-term assets in the consolidated balance sheets. Refer to Note 10 for additional information on Equity Method Investments.
Intangible Assets	Intangible Assets In connection with the acquisitions of 42West, The Door, Viewpoint, Shore Fire, Be Social, B/HI and Socialyte, the Company acquired in aggregate an estimated $ 18,680,000 2 13 Intangible assets are initially recorded at fair value and are amortized over their respective estimated useful lives (see table below) and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. If a triggering event has occurred, an impairment analysis is required. The impairment test first requires a comparison of undiscounted future cash flows expected to be generated over the useful life of an asset to the carrying value of the asset. If the carrying value of the asset exceeds the undiscounted cash flows, the asset would not be deemed recoverable. Impairment would then be measured as the excess of the asset’s carrying value over its fair value. See Note 8 for further discussion. The range of estimated useful lives to be used to calculate amortization for finite-lived intangibles are as follow: Schedule of intangible assets Intangible Asset Amortization Method Amortization Period (Years) Customer relationships Accelerated Method 3 13 Trademarks and trade names Straight-line 2 10 Non-compete agreements Straight-line 2 3
Goodwill	Goodwill Goodwill results from business combinations and is recorded as the difference, if any, between the aggregate consideration paid for an acquisition and the fair value of the net tangible assets and other intangible assets acquired. The Company accounts for goodwill in accordance with FASB ASC No. 350, Intangibles—Goodwill and Other (“ASC 350”). Goodwill is not amortized; however, it is assessed for impairment at least annually, or more frequently if triggering events occur. The Company’s annual assessment is performed in the fourth quarter. Each period and for each reporting unit the Company can elect to first assess qualitatively whether it is necessary to perform goodwill impairment testing. If the Company believes, as a result of its qualitative assessment, that it is not more likely than not that the fair value of any reporting unit containing goodwill is less than its carrying amount, the quantitative goodwill impairment test is unnecessary. If the Company elects to bypass the qualitative assessment option, or if the qualitative assessment was performed and resulted in the Company being unable to conclude that it is not more likely than not that the fair value of a reporting unit containing goodwill is greater than its carrying amount, the Company will perform the quantitative goodwill impairment test. The Company evaluates various factors affecting a reporting unit in its qualitative assessment, including, but not limited to, macroeconomic conditions, industry and market considerations, cost factors, and financial performance. If the Company concludes from its qualitative assessment that goodwill impairment testing is required or if the Company bypasses the qualitative test, the fair value of the reporting unit is compared to its carrying amount.
Property, Equipment and Leasehold Improvements	Property, Equipment and Leasehold Improvements Property and equipment is recorded at cost and depreciated over the estimated useful lives of the assets using the straight-line method. When items are retired or otherwise disposed of, income is charged or credited for the difference between net book value and proceeds realized thereon. Ordinary maintenance and repairs are charged to expense as incurred, and replacements and betterments are capitalized. Leasehold improvements are amortized over the lesser of the term of the related lease or the estimated useful lives of the assets. The range of estimated useful lives to be used to calculate depreciation and amortization for principal items of property and equipment are as follow: Schedule of estimated useful lives for property and equipment Asset Category Depreciation/Amortization Period (Years) Furniture and fixtures 5 7 Computers, office equipment and software 3 5 Leasehold improvements 5 8 The Company periodically reviews and evaluates the recoverability of property, equipment and leasehold improvements. Where applicable, estimates of net future cash flows, on an undiscounted basis, are calculated based on future revenue estimates. If appropriate and where deemed necessary, a reduction in the carrying amount is recorded. The Company has not had any material impairments of property, equipment and leasehold improvements.
Business Combinations	Business Combinations The Company accounts for business combinations under the acquisition method of accounting. Identifiable assets acquired, liabilities assumed and any noncontrolling interest in the acquiree are recognized and measured as of the acquisition date at fair value. Goodwill is recognized to the extent by which the aggregate of the acquisition-date fair value of the consideration transferred and any noncontrolling interest in the acquiree exceeds the recognized basis of the identifiable assets acquired, net of assumed liabilities. Determining the fair value of assets acquired, liabilities assumed and noncontrolling interest requires management’s judgment and often involves the use of significant estimates and assumptions, including assumptions with respect to future cash flows, discount rates and asset lives among other items. Contingent Consideration The Company records contingent consideration as a result of certain acquisitions (see Note 5). The Company records the fair value of the contingent consideration liability in the consolidated balance sheets under the caption “Contingent Consideration” and records changes to the liability against earnings or loss under the caption “Changes in fair value of contingent consideration” in the consolidated statements of operations. Put Rights In connection with the 42West acquisition in 2017, the Company entered into put right agreements, pursuant to which it granted put rights to the sellers and certain 42West employees. The Company records the fair value of the liability in the consolidated balance sheets under the caption “Put rights” and records changes to the liability against earnings or loss as part of operating expenses under the caption “Changes in fair value of put rights” in the consolidated statements of operations. The final put rights were settled in March 2021; therefore, we did no no Acquisition Costs Direct costs related to business combinations are expensed as incurred and included as Acquisition costs in the consolidated statements of operations. These costs include all internal and external costs directly related to acquisitions, consisting primarily of legal, consulting, accounting, advisory and financing fees.
Convertible Debt and Convertible Preferred Stock	Convertible Debt and Convertible Preferred Stock On January 1, 2021, the Company adopted Accounting Standards Update (“ASU”) 2020-06 that simplifies the accounting for convertible instruments. ASU 2020-06 (i) reduced the number of accounting models for convertible instruments, by eliminating the models that require separation of cash conversion or beneficial conversion features from the host and (ii) revised the derivative scope exception and (iii) provided targeted improvements for Earnings Per Share (“EPS”). The adoption of ASU 2020-06 did not have a material impact on the Company’s outstanding convertible debt instruments as of January 1, 2021. When the Company issues convertible debt or convertible preferred stock, it evaluates the balance sheet classification to determine whether the instrument should be classified either as debt or equity, and whether the conversion feature should be accounted for separately from the host instrument. A conversion feature of a convertible debt instrument or certain convertible preferred stock would be separated from the convertible instrument and classified as a derivative liability if the conversion feature, were it a standalone instrument, meets the definition of an “embedded derivative” in ASC 815, Derivatives and Hedging. Generally, characteristics that require derivative treatment include, among others, when the conversion feature is not indexed to the Company’s equity, as defined in ASC 815-40, or when it must be settled either in cash or by issuing stock that is readily convertible to cash. When a conversion feature meets the definition of an embedded derivative, it would be separated from the host instrument and classified as a derivative liability carried on the consolidated balance sheet at fair value, with any changes in its fair value recognized currently in the consolidated statements of operations.
Fair Value Option (“FVO”) Election	Fair Value Option (“FVO”) Election The Company accounts for certain convertible notes issued during the year ended December 31, 2020 under the fair value option election of ASC 825, Financial Instruments (“ASC 825”) as discussed below. The convertible notes accounted for under the FVO election are each debt host financial instruments containing embedded features which would otherwise be required to be bifurcated from the debt-host and recognized as separate derivative liabilities subject to initial and subsequent periodic estimated fair value measurements under ASC 815. Notwithstanding, ASC 825-10-15-4 provides for the “fair value option” (“FVO”) election, to the extent not otherwise prohibited by ASC 825-10-15-5, to be afforded to financial instruments, wherein bifurcation of an embedded derivative is not necessary, and the financial instrument is initially measured at its issue-date estimated fair value and then subsequently remeasured at estimated fair value on a recurring basis at each reporting period date. The estimated fair value adjustment, as required by ASC 825-10-45-5, is recognized as a component of other comprehensive income (“OCI”) with respect to the portion of the fair value adjustment attributed to a change in the instrument-specific credit risk, with the remaining amount of the fair value adjustment recognized as other income (expense) in the accompanying consolidated statement of operations. With respect to the above notes, as provided for by ASC 825-10-50-30(b), the estimated fair value adjustment is presented in a respective single line item within other income (expense) in the accompanying consolidated statements of operations, since the change in fair value of the convertible notes payable was not attributable to instrument specific credit risk.
Warrants	Warrants When the Company issues warrants, it evaluates the proper balance sheet classification of the warrant to determine whether the warrant should be classified as equity or as a derivative liability on the consolidated balance sheets. In accordance with ASC 815-40, Derivatives and Hedging-Contracts in the Entity’s Own Equity (ASC 815-40), the Company classifies a warrant as equity so long as it is “indexed to the Company’s equity” and several specific conditions for equity classification are met. A warrant is not considered indexed to the Company’s equity, in general, when it contains certain types of exercise contingencies or adjustments to exercise price. If a warrant is not indexed to the Company’s equity or it has net cash settlement that results in the warrants to be accounted for under ASC 480, Distinguishing Liabilities from Equity, or ASC 815-40, it is classified as a derivative liability which is carried on the consolidated balance sheet at fair value with any changes in its fair value recognized currently in the statement of operations. As of December 31, 2022 and 2021, the Company had warrants that were classified as liabilities.
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether the inputs are observable in the market and the degree that the inputs are observable. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Observable inputs are based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s own assumptions based on the best information available in the circumstances. The fair value hierarchy prioritizes the inputs used to measure fair value into three broad levels, defined as follows: Level 1 — Inputs are quoted prices in active markets for identical assets or liabilities as of the reporting date. Level 2 — Inputs other than quoted prices included within Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated with observable market data. Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies, and similar techniques that use significant unobservable inputs. Unobservable inputs for the asset or liability that reflect management’s own assumptions about the assumptions that market participants would use in pricing the asset or liability as of the reporting date. To account for the acquisitions of 42West, The Door, Viewpoint, Shore Fire, Be Social, B/HI and Socialyte, the Company made a number of fair value measurements related to the different forms of consideration paid and of the identified assets acquired and liabilities assumed. In addition, the Company makes fair value measurements of its Contingent Consideration. See Notes 5 and17 for further discussion and disclosures.
Right-of-Use Asset and Lease Liability	Right-of-Use Asset and Lease Liability The Company accounts for leases under ASC 842, Leases. The Company reviews all agreements to determine if a leasing arrangement exists. The Company determines if an arrangement is a lease at the lease commencement date. In addition to the Company’s lease agreements, the Company reviews all material new vendor arrangements for potential embedded lease obligations. The asset balance related to operating leases is presented within “right-of-use (ROU) asset” on the Company’s consolidated balance sheet. The current and noncurrent balances related to operating leases are presented as “Lease liability,” in their respective classifications, on the Company’s consolidated balance sheet. The lease liability is recognized based on the present value of the remaining fixed lease payments discounted using the Company’s incremental borrowing rate on the date of the lease. The ROU asset is calculated based on the lease liability adjusted for any lease payments paid to the lessor at or before the commencement date (i.e. prepaid rent) and initial direct costs incurred by the Company and excluding any lease incentives received from the lessor. If a lease does not provide a discount rate and the rate cannot be readily determined, an incremental borrowing rate is used to determine the present value of future lease payments. For operating leases, the lease expense is recognized on a straight-line basis over the lease term. The Company accounts for its lease and non-lease components as a single component, and therefore both are included in the calculation of lease liability recognized on the consolidated balance sheets.
Income Taxes	Income Taxes Deferred taxes are recognized for the future tax effects of temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases using tax rates in effect for the years in which the differences are expected to reverse. The effects of changes in tax laws on deferred tax balances are recognized in the period the new legislation in enacted. Valuation allowances are recognized to reduce deferred tax assets to the amount that is more likely than not to be realized. In assessing the likelihood of realization, management considers estimates of future taxable income. We calculate our current and deferred tax position based on estimates and assumptions that could differ from the actual results reflected in income tax returns filed in subsequent years. Adjustments based on filed returns are recorded when identified. Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. Interest and penalties related to unrecognized tax benefits are recorded as incurred as a component of income tax expense.
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per share is computed by dividing income (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 (loss) per share equals net income (loss) available to common stock stockholders divided by the weighted-average number of common shares outstanding, plus any additional common shares that would have been outstanding if potentially dilutive shares had been issued. Diluted earnings (loss) per share reflects the potential dilution that would occur if certain potentially dilutive instruments were exercised. The potential issuance of common stock is assumed to occur at the beginning of the year (or at the time of issuance of the potentially dilutive instrument, if later), under the if-converted method. Incremental shares are also included using the treasury stock method. The proceeds utilized in applying the treasury stock method consist of the amount, if any, to be paid upon exercise. These proceeds are then assumed to be used to purchase common stock at the average market price of the Company’s common stock during the period. The incremental shares (difference between the shares assumed to be issued and the shares assumed to be purchased), to the extent they would have been dilutive, are included in the denominator of the diluted earnings per share calculation. Potentially dilutive instruments are not included in the computation of diluted loss per share because their inclusion is anti-dilutive.
Concentration of Risk	Concentration of Risk The Company maintains its cash and cash equivalents with financial institutions, which at times, may exceed federally insured limits. The Company has not incurred any losses on these accounts.
Reclassification	Reclassification Certain prior year amounts have been reclassified to conform with current year presentation. These changes did not have any effect on net loss, stockholders’ equity, the statement of operations or the net change in cash, cash equivalents and restricted cash in the statement of cash flows.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting guidance adopted in fiscal year 2022 In October 2021, the FASB issued ASU 2021-08, “ Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers” Accounting guidance not yet adopted In June 2016, the FASB issued new guidance on measurement of credit losses (ASU 2016-13, “ Measurement of Credit Losses on Financial Instruments

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of intangible assets	Schedule of intangible assets Intangible Asset Amortization Method Amortization Period (Years) Customer relationships Accelerated Method 3 13 Trademarks and trade names Straight-line 2 10 Non-compete agreements Straight-line 2 3
Schedule of estimated useful lives for property and equipment	Schedule of estimated useful lives for property and equipment Asset Category Depreciation/Amortization Period (Years) Furniture and fixtures 5 7 Computers, office equipment and software 3 5 Leasehold improvements 5 8

PRIOR INTERIM PERIOD REVISION_2

PRIOR INTERIM PERIOD REVISIONS AND UNAUDITED FINANCIAL DATA (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract]
Schedule of unaudited financial data	Schedule of unaudited financial data For the Nine Months Ended September 30, 2022 As Reported Revision Adjustment As Revised Change in fair value of contingent consideration $ (1,439,778 ) $ 1,358,672 $ (81,106 ) Total expenses 30,975,282 1,358,672 32,333,954 Loss from operations (1,608,534 ) (1,358,672 ) (2,967,206 ) Loss before income taxes and equity in losses of unconsolidated affiliates (1,326,896 ) (1,358,672 ) (2,685,568 ) Net loss before income taxes and equity in losses of unconsolidated affiliates (1,348,568 ) (1,358,672 ) (2,707,240 ) Net loss $ (1,492,191 ) $ (1,358,672 ) $ (2,850,863 ) EPS – Basic $ (0.16 ) $ (0.15 ) $ (0.31 ) EPS – Diluted $ (0.23 ) $ (0.14 ) $ (0.37 ) Consolidated Statements of Cash Flows For the Nine Months Ended September 30, 2022 As Reported Revision Adjustment As Revised Net loss $ (1,492,191 ) $ (1,358,672 ) $ (2,850,863 ) Change in fair value of contingent consideration (1,439,778 ) 1,358,672 (81,106 ) Net cash provided by (used in) operating activities $ (3,634,388 ) $ — $ (3,634,388 ) Segment Information For the Nine Months Ended September 30, 2022 As Reported Revision Adjustment As Revised Segment Operating Income (Loss): EPM $ 3,336,688 $ (1,358,672 ) $ 1,978,016 CPD (4,945,222 ) — (4,945,222 ) Total operating income (loss) (1,608,534 ) (1,358,672 ) (2,410,358 ) Interest expense (400,884 ) — (400,884 ) Other income, net (682,522 ) — 682,522 ) Loss before income taxes and equity in losses of unconsolidated affiliates (1,326,896 ) $ (1,358,672 ) (3,819,243 ) Three and Six Months Ended June 30, 2022 (Unaudited, As Revised) Consolidated Balance Sheet As of June 30, 2022 As Reported Revision Adjustment As Revised Stockholders' Equity: Additional paid in capital $ 133,246,100 1,358,672 $ 134,604,772 Accumulated deficit (104,614,817 ) (1,358,672 ) (105,973,489 ) Total Stockholders’ Equity 28,775,563 — 28,775,563 Total Liabilities and Stockholders’ Equity $ 52,536,655 — $ 52,536,655 Consolidated Statement of Operations For the Three Months Ended June 30, 2022 As Reported Revision Adjustment As Revised Change in fair value of contingent consideration $ (670,878 ) $ 433,321 $ (237,557 ) Total expenses 9,801,668 433,321 10,234,989 Loss from operations 488,958 (433,321 ) 55,637 Loss before income taxes and equity in losses of unconsolidated affiliates 642,632 (433,321 ) 209,311 Net loss before income taxes and equity in losses of unconsolidated affiliates 635,408 (433,321 ) 202,087 Net loss $ 612,008 $ (433,321 ) $ 178,687 EPS – Basic $ 0.06 $ (0.04 ) $ 0.02 EPS – Diluted $ 0.04 $ (0.05 ) $ (0.01 ) For the Six Months Ended June 30, 2022 As Reported Revision Adjustment As Revised Change in fair value of contingent consideration $ (1,434,778 ) $ 1,358,672 $ (76,106 ) Total expenses 19,942,502 1,358,672 21,301,174 Loss from operations (474,751 ) (1,358,672 ) (1,833,423 ) Loss before income taxes and equity in losses of unconsolidated affiliates (122,625 ) (1,358,672 ) (1,481,297 ) Net loss before income taxes and equity in losses of unconsolidated affiliates (137,073 ) (1,358,672 ) (1,495,745 ) Net loss $ (180,473 ) $ (1,358,672 ) $ (1,539,145 ) EPS – Basic $ (0.02 ) $ (0.15 ) $ (0.17 ) EPS – Diluted $ (0.09 ) $ (0.14 ) $ (0.23 ) Segment Information For the three months ended June 30, 2022 For the six months ended June 30, 2022 As Reported Restatement Adjustment As Restated As Reported Restatement Adjustment As Restated Segment Operating Income (Loss): EPM $ 2,217,043 $ (433,321 ) $ 1,783,722 $ 2,731,850 $ (1,358,672 ) $ 1,373,178 CPD (1,728,085 ) — (1,728,085 ) (3,206,618 ) — (3,206,618 ) Total operating income (loss) 488,958 (433,321 ) 55,637 (474,768 ) (1,358,672 ) (1,833,440 ) Interest expense (125,348 ) — (125,348 ) (274,737 ) — (274,737 ) Other income, net 279,022 — 279,022 626,880 — 626,880 Loss before income taxes and equity in losses of unconsolidated affiliates $ 642,632 $ (433,321 ) $ 209,311 $ (122,625 ) $ (1,358,672 ) $ (1,481,297 ) Fair Value Measurements The Door As Reported Restatement Adjustment As Restated Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2021 $ 2,381,869 $ — $ 2,381,869 Gain in fair value reported in the condensed consolidated statements of operations (1,358,672 ) 1,358,672 — Settlement of contingent consideration (Reclassified to additional paid in capital) (1,023,197 ) (1,358,672 ) (2,381,869 ) Ending fair value balance reported in the condensed consolidated balance sheet at June 30, 2022 $ — $ — $ — Revision Three Months Ended March 31, 2022 (Unaudited, As Revised) Consolidated Balance Sheet As of March 31, 2022 As Reported Revision Adjustment As Revised Noncurrent liabilities Contingent consideration $ 2,920,321 $ (1,456,518 ) $ 1,463,803 Total Liabilities $ 29,426,402 $ (1,456,518 ) $ 27,969,884 Stockholders' Equity: Additional paid in capital $ 129,813,123 2,381,869 $ 132,194,992 Accumulated deficit (105,226,825 ) (925,351 ) (106,152,176 ) Total Stockholders’ Equity $ 24,717,064 $ 1,456,518 $ 26,173,582 Total Liabilities and Stockholders' Equity $ 54,143,466 $ — $ 54,143,466 Consolidated Statement of Operations For the Three Months Ended March 31, 2022 As Reported Revision Adjustment As Revised Change in fair value of contingent consideration $ (763,900 ) $ 925,351 $ 161,451 Total expenses 10,140,834 925,351 11,066,185 Loss from operations (963,709 ) (925,351 ) (1,889,060 ) Loss before income taxes and equity in losses of unconsolidated affiliates (765,257 ) (925,351 ) (1,690,608 ) Net loss before income taxes and equity in losses of unconsolidated affiliates (772,481 ) (925,351 ) (1,697,832 ) Net loss $ (792,481 ) $ (925,351 ) $ (1,717,832 ) EPS – Basic $ (0.09 ) $ (0.11 ) $ (0.20 ) EPS – Diluted $ (0.13 ) $ (0.10 ) $ (0.23 ) Segment Information For the three months ended March 31, 2022 As Reported Restatement Adjustment As Restated Segment Operating Income (Loss): EPM $ 861,141 $ (925,351 ) $ (64,210 ) CPD (1,824,850 ) — (1,824,850 ) Total operating income (loss) (963,709 ) (925,351 ) (1,889,060 ) Interest expense (149,406 ) — (149,406 ) Other income, net (347,858 ) — (347,858 ) Loss before income taxes and equity in losses of unconsolidated affiliates $ (765,257 ) $ (925,351 ) $ (1,690,608 ) Fair Value Measurements The Door As Reported Restatement Adjustment As Restated Beginning fair value balance reported on the condensed consolidated balance sheet at December 31, 2021 $ 2,381,869 $ — $ 2,381,869 (Gain) Loss in fair value reported in the condensed consolidated statements of operations (925,351 ) 925,351 — Settlement of contingent consideration (Reclassified to additional paid in capital) — (2,381,869 ) (2,381,869 ) Ending fair value balance reported in the condensed consolidated balance sheet at March 31, 2022 $ 1,456,518 $ (1,456,518 ) $ —

REVENUE (Tables)

REVENUE (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]	Schedule of revenue by segment December 31, 2022 2021 Entertainment publicity and marketing $ 40,058,880 $ 35,705,305 Content production 446,678 21,894 Total Revenues $ 40,505,558 $ 35,727,199
Schedule of contract asset and liability	Schedule of contract asset and liability Contracts Contracts Balance as of December 31, 2021 $ 62,500 $ 406,373 Balance as of December 31, 2022 — 1,641,459 Change $ (62,500 ) $ 1,235,086
Schedule of contract liability	Schedule of contract liability December 31, 2022 2021 Amounts included in the beginning of year contract liability balance $ 384,373 $ 389,492

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Business Acquisition [Line Items]
Schedule of consideration transferred	Schedule of consideration transferred Closing Common stock (Consideration) $ 4,133,009 Common Stock issued at Closing as working capital adjustment 2,103,668 Cash consideration paid at closing 5,053,827 Cash consideration paid subsequent to closing (Unsecured Promissory Note issued to Seller) 3,000,000 Fair value of the consideration transferred $ 14,290,504
Schedule of assets acquired and liabilities assumed	Schedule of assets acquired and liabilities assumed November 14, 2022 Cash $ 314,752 Accounts receivable 2,758,265 Accrued revenue 1,040,902 Property, equipment and leasehold improvements 30,826 Prepaid expenses 351,253 Intangibles 5,210,000 Total identifiable assets acquired 9,705,998 Accounts payable (3,043,871 ) Accrued expenses and other current liabilities (1,397,292 ) Deferred revenue (1,173,394 ) Total liabilities assumed (5,614,557 ) Net identifiable assets acquired 4,091,441 Goodwill 10,199,063 Fair value of the consideration transferred $ 14,290,504
Schedule of proforma results of operations	Schedule of proforma results of operations 2022 2021 Revenues $ 47,079,183 $ 43,937,936 Net loss $ (4,365,589 ) $ (5,454,024 )
B H I [Member]
Business Acquisition [Line Items]
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 December 31, 2021 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

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in carrying value of goodwill	Schedule of changes in carrying value of goodwill Balance as of December 31, 2020 $ 19,627,856 Measurement period adjustments (1) (77,094 ) Acquisitions (2) 470,595 Balance as of December 31, 2021 $ 20,021,357 Acquisitions (3) 10,199,063 Goodwill impairment (4) (906,337 ) Balance as of December 31, 2022 $ 29,314,083 (1) Measurement period adjustments recorded in connection with the Be Social and B/HI acquisitions. (2) Acquisition of B/HI in January 2021. (3) Acquisition of Socialyte in November 2022. (4) The Company recorded an impairment of goodwill, specifically for the Goodwill assigned to Viewpoint.
Schedule of intangible assets	Schedule of intangible assets December 31, 2022 December 31, 2021 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Intangible assets subject to amortization: Customer relationships $ 13,350,000 $ 5,842,498 $ 7,507,502 $ 8,290,000 $ 4,880,016 $ 3,409,984 Trademarks and trade names 4,640,000 2,283,166 2,356,834 4,490,000 1,797,917 2,692,083 Non-compete agreements 690,000 670,000 20,000 690,000 650,000 40,000 $ 18,680,000 $ 8,795,664 $ 9,884,336 $ 13,470,000 $ 7,327,933 $ 6,142,067
Schedule of changes in intangible assets	Schedule of changes in intangible assets Balance as of December 31, 2020 $ 7,452,059 Intangible assets from B/HI acquisition 270,000 Amortization expense (1,579,992 ) Balance as of December 31, 2021 $ 6,142,067 Intangible assets from Socialyte acquisition 5,210,000 Amortization expense (1,467,731 ) Balance as of December 31, 2022 $ 9,884,336
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 2023 $ 2,015,910 2024 1,701,993 2025 1,597,789 2026 1,465,978 2027 854,992 Thereafter 2,247,674 Total $ 9,884,336

PROPERTY, EQUIPMENT AND LEASE_2

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of property, equipment and leasehold	Schedule of property, equipment and leasehold December 31, 2022 2021 Furniture and fixtures $ 933,618 $ 910,169 Computers, office equipment and software 2,288,986 1,754,737 Leasehold improvements 505,424 505,425 Property plant and equipment gross 3,728,028 3,170,331 Less: accumulated depreciation and amortization (3,434,822 ) (2,696,669 ) Property plant and equipment net $ 293,206 $ 473,662

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
Schedule of other liabilities	Schedule of other liabilities December 31, 2022 2021 Accrued funding under Max Steel marketing agreement $ 620,000 $ 620,000 Accrued audit, legal and other professional fees 573,049 429,299 Accrued commissions 702,410 457,269 Accrued bonuses 469,953 360,817 Due to seller of Be Social (2021) — 304,169 Talent liability 3,990,984 2,908,357 Accumulated customer deposits 550,930 1,206,864 Other 719,510 563,809 Other current liabilities $ 7,626,836 $ 6,850,584

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of debt	Schedule of debt December 31, Debt Type 2022 2021 Convertible notes payable (see Note 13) $ 5,050,000 $ 2,900,000 Convertible notes payable - fair value option (see Note 14) 343,556 998,135 Non-convertible promissory notes (see Note 15) 1,368,960 1,176,644 Non-convertible promissory notes – Socialyte (see Note 15) 3,000,000 — Loans from related party (see Note 16) 1,107,873 1,107,873 Term loan, net of debt issuance costs (see Note 12) 2,867,592 — Total debt 13,737,981 6,182,652 Less current portion of debt (4,277,697 ) (307,685 ) Noncurrent portion of debt $ 9,460,284 $ 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 2023 2024 2025 2026 2027 Thereafter Convertible notes payable Ranging between June 2023 and March 2030 $ — $ 2,200,000 $ — $ 450,000 $ 2,400,000 $ 500,000 Nonconvertible promissory notes Ranging between June 2023 and November 2024 868,960 500,000 — — — — Nonconvertible unsecured promissory notes - Socialyte Ranging between June and September 2023 3,000,000 — — — — — Term loan November 14, 2027 408,737 408,737 408,737 408,737 1,232,644 — Loan from related party July 31, 2024 — 1,107,873 — — — — $ 4,277,697 $ 4,216,610 $ 408,737 $ 858,737 $ 3,632,644 $ 500,000

CONVERTIBLE NOTES PAYABLE (Tabl

CONVERTIBLE NOTES PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of convertible notes payable	Schedule of convertible notes payable December 31, 2022 2021 Principal Amount Net Carrying Principal Amount Net Carrying Maturity Date October 2024 $ 800,000 $ 800,000 $ — $ — November 2024 500,000 500,000 — — December 2024 900,000 900,000 — — November 2026 300,000 300,000 — — December 2026 150,000 150,000 — — August 2027 2,000,000 2,000,000 2,000,000 2,000,000 September 2027 400,000 400,000 900,000 900,000 $ 5,050,000 $ 5,050,000 $ 2,900,000 $ 2,900,000

CONVERTIBLE NOTES PAYABLE AT _2

CONVERTIBLE NOTES PAYABLE AT FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2022
Convertible Notes Payable At Fair Value
Schedule of fair value option	Schedule of fair value option Fair Value Outstanding as of December 31, 2022 2021 March 4 th $ 343,556 $ 998,135 Total convertible notes payable at fair value (a) $ 343,556 $ 998,135 (a) All amounts as of December 31, 2022 and 2021 are recorded in noncurrent liabilities.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Schedule of consolidated financial instruments	Schedule of consolidated financial instruments Level in December 31, 2022 December 31, 2021 Fair Value Carrying Fair Carrying Fair Hierarchy Amount Value Amount Value Assets: Cash and cash equivalents 1 $ 6,069,889 $ 6,069,889 $ 7,688,743 $ 7,688,743 Restricted cash 1 1,127,960 1,127,960 541,883 541,883 Liabilities: Convertible notes payable 3 $ 5,050,000 $ 4,865,000 $ 2,900,000 $ 2,900,000 Convertible note payable at fair value 3 343,556 343,556 998,135 998,135 Warrant liability 3 15,000 15,000 135,000 135,000 Contingent consideration 3 738,821 738,821 4,284,221 4,284,221
Schedule of put rights	Schedule of put rights Ending fair value balance reported in the consolidated balance sheet at December 31, 2020 $ 1,544,029 Put rights paid in 2021 (1,015,135 ) Loss due to change in fair value 71,106 Loss in exchange of shares for put rights (a) 106,688 Put rights converted into 115,366 shares of common stock (706,688 ) Ending fair value of put rights reported in the consolidated balance sheet at December 31, 2021 $ — (a) The loss in exchange of shares for the put rights is included in gain on extinguishment of debt in the consolidated statements of operations.
Schedule of convertible notes payable	Schedule of convertible notes payable December 31, 2022 December 31, 2021 Level Carrying Amount Fair Value Carrying Amount Fair Value 10% convertible notes due in October 2024 3 $ 800,000 $ 817,000 $ — $ — 10% convertible notes due in November 2024 3 500,000 513,000 — — 10% convertible notes due in December 2024 3 900,000 912,000 — — 10% convertible notes due in November 2026 3 300,000 285,000 — — 10% convertible notes due in December 2026 3 150,000 143,000 — — 10% convertible notes due in August 2027 3 2,000,000 1,834,000 2,000,000 1,998,000 10% convertible notes due in September 2027 3 400,000 361,000 900,000 902,000 $ 5,050,000 $ 4,865,000 $ 2,900,000 $ 2,900,000
Schedule of estimated fair value	Schedule of estimated fair value December 31, Fair Value Assumption – Convertible Debt 2022 2021 Stock Price $ 1.81 $ 8.52 Minimum Conversion Price $ 2.00 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) 4.02 4.49 % 0.61 0.64 % Fair Value Option (“FVO”) Election – Convertible note payable and freestanding warrants Convertible note payable, at fair value As of December 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 December 31, 2022: Schedule of fair value categorized within level 3 March 4th Note Beginning fair value balance reported on the consolidated balance sheet at December 31, 2020 $ 511,136 Loss on change of fair value reported in the consolidated statements of operations 486,999 Beginning fair value balance reported on the consolidated balance sheet at December 31, 2021 998,135 (Gain) on change of fair value reported in the consolidated statements of operations (654,579 ) Ending fair value balance reported on the consolidated balance sheet at December 31, 2022 $ 343,556
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 consolidated balance sheet at December 31, 2020 $ 511,136 Loss on change of fair value reported in the consolidated statements of operations 486,999 Beginning fair value balance reported on the consolidated balance sheet at December 31, 2021 998,135 (Gain) on change of fair value reported in the consolidated statements of operations (654,579 ) Ending fair value balance reported on the consolidated balance sheet at December 31, 2022 $ 343,556
Schedule of contingent consideration	Schedule of contingent consideration Inputs As of December 31, 2021 Risk Free Discount Rate (based on US government treasury obligation with a term similar to that of the contingent consideration) 0.73 % Annual Asset Volatility Estimate 85.00 %
Schedule of reconciliation of the fair values	Schedule of reconciliation of the fair values The Door (1) Be Social (3) B/HI (2) Beginning fair value balance reported on the consolidated balance sheet at December 31, 2020 $ 370,000 $ 160,000 $ — Loss on change of fair value reported in the consolidated statements of operations 2,011,869 550,000 1,192,352 Ending fair value balance reported on the consolidated balance sheet at December 31, 2021 $ 2,381,869 $ 710,000 $ 1,192,352 Loss on change of fair value reported in the consolidated statements of operations, as revised — (5,000 ) (76,106 ) Settlement of contingent consideration (2,381,869 ) — (1,116,246 ) Ending fair value balance reported in the consolidated balance sheet at December 30, 2022 $ — $ 705,000 $ — (1) Based on the net income for the year ended December 31, 2021, The Door achieved the conditions for the earnout consideration, which was settled on June 7, 2022 by payment of 279,562 shares of common stock. (2) 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 December 31, 2022 2021 Face value principal payable $ 500,000 $ 500,000 Original conversion price $ 3.91 $ 3.91 Value of Common Stock $ 1.81 $ 8.52 Expected term (years) 7.18 8.18 Volatility 100 % 100 % Risk free rate 3.96 % 1.47 %
Series I Warrant [Member]
Defined Benefit Plan Disclosure [Line Items]
Schedule of estimated fair value	Schedule of estimated fair value December 31, Fair Value Assumption - Series I Warrants 2022 2021 Exercise Price per share $ 3.91 $ 3.91 Value of Common Stock $ 1.81 $ 8.52 Expected term (years) 2.67 3.67 Volatility 100 % 100 % Dividend yield 0 % 0 % Risk free rate 4.28 % 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 consolidated balance sheet at December 31, 2020 $ 50,000 Loss on change of fair value reported in the consolidated statements of operations 85,000 Beginning fair value balance reported on the consolidated balance sheet at December 31, 2021 $ 135,000 (Gain) on change of fair value reported in the consolidated statements of operations (120,000 ) Ending fair value balance reported on the consolidated balance sheet at December 31, 2022 $ 15,000

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of financial information for variable interest entities	Summary of financial information for variable interest entities JB Believe LLC As of and for the years ended December 31, 2022 2021 Assets $ 7,354 $ 265,778 Liabilities $ (6,491,314 ) $ (6,749,738 ) Revenues $ 18,078 $ 21,894 Expenses $ — $ (7,437 )

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2022
Loss per share:
Schedule of basic and diluted income (loss) per share	Schedule of basic and diluted income (loss) per share Year ended December 31, 2022 2021 Numerator Net loss attributable to Dolphin Entertainment Common Stock holders and numerator for basic loss per share $ (4,780,135 ) $ (6,462,303 ) Change in fair value of convertible notes payable (654,579 ) — Change in fair value of warrants (120,000 ) — Interest expense 39,452 — Numerator for diluted loss per share $ (5,515,262 ) $ (6,462,303 ) Denominator Denominator for basic EPS - weighted-average shares 9,799,021 7,614,774 Effect of dilutive securities: Convertible note payable 127,877 — Warrants 28 — Denominator for diluted EPS - adjusted weighted-average shares 9,926,926 7,614,774 Basic loss per share $ (0.49 ) $ (0.85 ) Diluted loss per share $ (0.56 ) $ (0.85 )

WARRANTS (Tables)

WARRANTS (Tables)	12 Months Ended
	Dec. 31, 2022
Warrants
Summary of warrants issued	Summary of warrants issued Warrants: Shares Weighted Avg. Balance at December 31, 2020 221,513 $ 7.08 Issued — — Exercised (166,072 ) 3.91 Expired (35,441 ) 23.70 Balance at December 31, 2021 20,000 $ 3.91 Issued — — Exercised — — Expired — — Balance at December 31, 2022 20,000 $ 3.91

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of revenue and assets by segment	Schedule of revenue and assets by segment Year ended December 31, 2022 2021 Revenue: EPM $ 40,058,880 $ 35,705,305 CPD 446,678 21,894 Total $ 40,505,558 $ 35,727,199 Segment operating income (loss): EPM $ 1,964,803 $ (451,406 ) CPD (6,539,945 ) (5,029,377 ) Total operating loss (4,575,142 ) (5,480,783 ) Interest expense (555,802 ) (785,209 ) Other (loss) income, net 774,579 (158,955 ) Loss before income taxes $ (4,356,365 ) $ (6,424,947 ) As of December 31, 2022 2021 Assets: EPM $ 68,678,335 $ 48,645,789 CPD 6,698,497 4,099,512 Total assets $ 75,376,832 $ 52,745,301

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of income tax expense benefit	Schedule of income tax expense benefit December 31, 2022 2021 Current income tax expense (benefit) Federal $ — $ — State — — Current $ — $ — Deferred income tax expense (benefit) Federal $ (853,835 ) $ (1,107,490 ) State (292,832 ) (37,908 ) Deferred $ (1,146,667 ) $ (1,145,398 ) Change in valuation allowance Federal $ 881,436 $ 1,145,789 State 442,212 36,965 Change in valuation allowance 1,323,648 1,182,754 Income tax provision expense $ 176,981 $ 37,356
Schedule of deferred tax assets and liabilities	Schedule of deferred tax assets and liabilities December 31, 2022 2021 Deferred Tax Assets: Accrued Expenses $ 815,951 $ 769,500 IRC 163(j) 1,047,643 762,603 Lease liability 2,190,548 1,847,098 Accrued Compensation 701,205 720,129 Intangibles 2,139,179 2,268,504 Other Assets 227,798 152,709 Capitalized Production Costs 520,866 502,104 Net Operating Losses and Credits 13,986,154 13,224,955 Total Deferred Tax Assets $ 21,629,345 $ 20,247,602 Deferred Tax Liabilities: Fixed Assets (506 ) (51,528 ) Right of use asset (1,988,834 ) (1,681,512 ) Other Liabilities — (19,290 ) Total Deferred Tax Liability $ (1,989,340 ) $ (1,752,330 ) Subtotal $ 19,640,005 $ 18,495,272 Valuation Allowance $ (19,893,193 ) $ (18,569,544 ) Net Deferred Tax Liability $ (253,188 ) $ (74,272 )
Schedule of net operating loss	Schedule of net operating loss Jurisdiction NOL Amount Expires U.S. Federal (1) $ 49,127,354 2028 Florida 26,247,222 2029 California 16,584,057 2032 New York State 3,767,266 2039 New York City 4,686,957 2039 Illinois 540,460 2031 Massachusetts 1,101,829 2038 Total $ 102,055,145 (1) Federal net operating losses generated after December 31, 2017 have an indefinite life and do not expire.
Schedule of effective tax rate reconciliation	Schedule of effective tax rate reconciliation December 31, 2022 2021 Federal statutory tax rate 21.0 % 21.0 % PPP loan forgiveness 0.0 % 10.6 % Goodwill impairment (4.1 )% — % Change in fair value of contingent consideration 0.2 % (12.4 )% Change in fair value of derivative liabilities 3.5 % (10.4 )% State income taxes, net of federal income tax benefit 7.5 % 0.0 % Change in state tax rate (1.4 )% 1.3 % Return to provision adjustment 0.4 % (0.6 )% Business combination — % 0.4 % Other (2.2 )% (0.8 )% Change in valuation allowance (28.8 )% (9.7 )% Effective tax rate (3.9 )% (0.6 )%

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases
Schedule of right of use asset or lease liability calculations	Schedule of right of use asset or lease liability calculations December 31, 2022 2021 Assets Right-of-use asset $ 7,341,045 $ 6,129,411 Liabilities Current Lease liability $ 2,073,547 $ 1,600,107 Noncurrent Lease liability $ 6,012,049 $ 5,132,895 Total lease liability $ 8,085,596 $ 6,733,002
Schedule of future minimum payments under operating lease agreements	Schedule of lease income and expenses December 31, Lease costs Classification 2022 2021 Operating lease costs Selling, general and administrative expenses $ 2,316,745 $ 2,642,798 Operating lease costs Direct costs — 60,861 Sublease income Selling, general and administrative expenses (107,270 ) — Net lease costs $ 2,209,475 $ 2,703,659 Lease Payments For the years ended December 31, 2022 and 2021, the Company made cash payments related to its operating leases in the amount of $ 2,256,551 2,733,158 Future minimum payments for operating leases in effect at December 31, 2022 were as follows: Schedule of future minimum payments under operating lease agreements 2023 $ 2,640,164 2024 2,531,307 2025 1,979,589 2026 1,782,057 2027 719,794 Thereafter — Total $ 9,652,911 Less: Imputed interest (1,567,315 ) Present value of lease liabilities $ 8,085,596
Schedule of future minimum payments under operating lease agreements	Schedule of future minimum payments under operating lease agreements 2023 $ 2,640,164 2024 2,531,307 2025 1,979,589 2026 1,782,057 2027 719,794 Thereafter — Total $ 9,652,911 Less: Imputed interest (1,567,315 ) Present value of lease liabilities $ 8,085,596

EMPLOYEE BENEFIT PLAN AND EQU_2

EMPLOYEE BENEFIT PLAN AND EQUITY INCENTIVE PLAN (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of restricted stock units	Schedule of restricted stock units Number of Weighted Average Outstanding (nonvested), December 31, 2021 — $ — Granted 36,434 6.86 Forfeited (4,942 ) 6.86 Vested (31,492 ) 6.86 Outstanding (nonvested), December 31, 2022 — $ —

BASIS OF PRESENTATION AND ORG_2

BASIS OF PRESENTATION AND ORGANIZATION (Details Narrative)	Sep. 24, 2021 shares
Accounting Policies [Abstract]
Common stock authorized shares increase	200,000,000
Adopted by shareholders	40,000,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Intangible Assets) (Details)	12 Months Ended
	Dec. 31, 2022
Minimum [Member] | Customer Relationships [Member]
Property, Plant and Equipment [Line Items]
Useful lives of intangible Asset	3 years
Minimum [Member] | Trademarks and Trade Names [Member]
Property, Plant and Equipment [Line Items]
Useful lives of intangible Asset	2 years
Minimum [Member] | Noncompete Agreements [Member]
Property, Plant and Equipment [Line Items]
Useful lives of intangible Asset	2 years
Maximum [Member] | Customer Relationships [Member]
Property, Plant and Equipment [Line Items]
Useful lives of intangible Asset	13 years
Maximum [Member] | Trademarks and Trade Names [Member]
Property, Plant and Equipment [Line Items]
Useful lives of intangible Asset	10 years
Maximum [Member] | Noncompete Agreements [Member]
Property, Plant and Equipment [Line Items]
Useful lives of intangible Asset	3 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Schedule of Estimated Useful Lives for Property and Equipment) (Details)	12 Months Ended
	Dec. 31, 2022
Minimum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Useful lives of property and equipment	5 years
Minimum [Member] | Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful lives of property and equipment	3 years
Minimum [Member] | Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Useful lives of property and equipment	5 years
Maximum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Useful lives of property and equipment	7 years
Maximum [Member] | Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful lives of property and equipment	5 years
Maximum [Member] | Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Useful lives of property and equipment	8 years

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Mar. 23, 2022	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Restricted cash			$ 1,127,960	$ 541,883
Expiriation date			Jun. 01, 2024
Sale of acquisition			$ 3,100
Trade receivable			31,300
Other receivable			5,552,993	3,583,357
Other receivable gross			5,552,993	3,583,357
Employee receivable			604,085	366,085
Liability put rights			0	0
Changes in fair value			0
Forty Second West Door And Viewpoint Shore Media [Member]
Property, Plant and Equipment [Line Items]
Intangible assets acquired			$ 18,680,000
Forty Second West Door And Viewpoint Shore Media [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Intangible assets useful			2 years
Forty Second West Door And Viewpoint Shore Media [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Intangible assets useful			13 years
Ms Lundberg [Member]
Property, Plant and Equipment [Line Items]
Aggregate amount			$ 238,000	366,085
Additional payment		$ 16,000
Maturity date	Dec. 31, 2027
Interest rate		2%
Employee receivable			$ 604,085	$ 366,085
First Agreement [Member]
Property, Plant and Equipment [Line Items]
Purchase fee percentage			1%
Peblo L L C [Member]
Property, Plant and Equipment [Line Items]
Exchange fee percentage			1%
Receivable fee percentage			0.90%
Sale of receivable			$ 1,025,239
Other receivable			$ 10,356

PRIOR INTERIM PERIOD REVISION_3

PRIOR INTERIM PERIOD REVISIONS AND UNAUDITED FINANCIAL DATA (Details) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in fair value of contingent consideration					$ 47,285	$ (3,754,221)
Total expenses					45,080,700	41,230,889
Total operating income (loss)					(4,575,142)	(5,503,690)
Loss before income taxes and equity in losses of unconsolidated affiliates					(4,356,365)	(6,424,947)
Net loss before income taxes and equity in losses of unconsolidated affiliates					(4,533,346)	(6,462,303)
Net loss					$ (4,780,135)	$ (6,462,303)
EPS – Basic					$ (0.49)	$ (0.85)
EPS – Diluted					$ (0.56)	$ (0.85)
Net cash provided by (used in) operating activities					$ (4,027,227)	$ (1,318,717)
Interest expense					(555,802)	(785,209)
Other income, net					774,579		$ (158,955)
Loss before income taxes and equity in losses of unconsolidated affiliates					(4,356,365)	(6,424,947)
Stockholders' Equity:
Additional paid in capital					143,119,461	127,247,928
Accumulated deficit					(109,214,479)	(104,434,344)
Total Stockholders’ Equity					34,091,092	22,934,890	19,668,797
Total Liabilities and Stockholders' Equity					75,376,832	52,791,451
Interest expense					(97,468)	(122,456)
Derivative liabilities at beginning		$ 998,135	$ 998,135	$ 998,135	998,135	511,136
Gain in fair value reported in the condensed consolidated statements of operations					654,579	486,999
Derivative liabilities at ending					343,556	998,135	$ 511,136
Noncurrent liabilities
Contingent consideration					500,000	600,000
Total Liabilities					41,285,740	29,856,561
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in fair value of contingent consideration	$ (670,878)	(763,900)	(1,434,778)	(1,439,778)
Total expenses	9,801,668	10,140,834	19,942,502	30,975,282
Total operating income (loss)	488,958	(963,709)	(474,751)	(1,608,534)
Loss before income taxes and equity in losses of unconsolidated affiliates	642,632	(765,257)	(122,625)	(1,326,896)
Net loss before income taxes and equity in losses of unconsolidated affiliates	635,408	(772,481)	(137,073)	(1,348,568)
Net loss	$ 612,008	$ (792,481)	$ (180,473)	$ (1,492,191)
EPS – Basic	$ 0.06	$ (0.09)	$ (0.02)	$ (0.16)
EPS – Diluted	$ 0.04	$ (0.13)	$ (0.09)	$ (0.23)
Net cash provided by (used in) operating activities				$ (3,634,388)
Total operating income (loss)	$ 488,958	$ (963,709)	$ (474,768)	(1,608,534)
Interest expense		(149,406)		(400,884)
Other income, net		(347,858)		(682,522)
Loss before income taxes and equity in losses of unconsolidated affiliates	642,632	(765,257)	(122,625)	(1,326,896)
Stockholders' Equity:
Additional paid in capital	133,246,100	129,813,123	133,246,100
Accumulated deficit	(104,614,817)	(105,226,825)	(104,614,817)
Total Stockholders’ Equity	28,775,563	24,717,064	28,775,563
Total Liabilities and Stockholders' Equity	52,536,655	54,143,466	52,536,655
Interest expense	(125,348)		(274,737)
Other income, net	279,022		626,880
Derivative liabilities at beginning	1,456,518	2,381,869	2,381,869	2,381,869	2,381,869
Gain in fair value reported in the condensed consolidated statements of operations		(925,351)	(1,358,672)
Settlement of contingent consideration			(1,023,197)
Derivative liabilities at ending		1,456,518				2,381,869
Noncurrent liabilities
Contingent consideration		2,920,321
Total Liabilities		29,426,402
Previously Reported [Member] | E P M [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total operating income (loss)		861,141
Total operating income (loss)	2,217,043		2,731,850	3,336,688
Previously Reported [Member] | C P D [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total operating income (loss)		(1,824,850)
Total operating income (loss)	(1,728,085)		(3,206,618)	(4,945,222)
Revision of Prior Period, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in fair value of contingent consideration	433,321	925,351	1,358,672	1,358,672
Total expenses	433,321	925,351	1,358,672	1,358,672
Total operating income (loss)	(433,321)	(925,351)	(1,358,672)	(1,358,672)
Loss before income taxes and equity in losses of unconsolidated affiliates	(433,321)	(925,351)	(1,358,672)	(1,358,672)
Net loss before income taxes and equity in losses of unconsolidated affiliates	(433,321)	(925,351)	(1,358,672)	(1,358,672)
Net loss	$ (433,321)	$ (925,351)	$ (1,358,672)	$ (1,358,672)
EPS – Basic	$ (0.04)	$ (0.11)	$ (0.15)	$ (0.15)
EPS – Diluted	$ (0.05)	$ (0.10)	$ (0.14)	$ (0.14)
Net cash provided by (used in) operating activities
Total operating income (loss)	$ (433,321)	$ (925,351)	$ (1,358,672)	(1,358,672)
Interest expense
Other income, net
Loss before income taxes and equity in losses of unconsolidated affiliates	(433,321)	(925,351)	(1,358,672)	(1,358,672)
Stockholders' Equity:
Additional paid in capital	1,358,672	2,381,869	1,358,672
Accumulated deficit	(1,358,672)	(925,351)	(1,358,672)
Total Stockholders’ Equity		1,456,518
Total Liabilities and Stockholders' Equity
Interest expense
Other income, net
Derivative liabilities at beginning	(1,456,518)
Gain in fair value reported in the condensed consolidated statements of operations		925,351	1,358,672
Settlement of contingent consideration		(2,381,869)	(1,358,672)
Derivative liabilities at ending		(1,456,518)
Noncurrent liabilities
Contingent consideration		(1,456,518)
Total Liabilities		(1,456,518)
Revision of Prior Period, Adjustment [Member] | E P M [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total operating income (loss)		(925,351)
Total operating income (loss)	(433,321)		(1,358,672)	(1,358,672)
Revision of Prior Period, Adjustment [Member] | C P D [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total operating income (loss)
Total operating income (loss)
As Restated [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in fair value of contingent consideration	(237,557)	161,451	(76,106)	(81,106)
Total expenses	10,234,989	11,066,185	21,301,174	32,333,954
Total operating income (loss)	55,637	(1,889,060)	(1,833,423)	(2,967,206)
Loss before income taxes and equity in losses of unconsolidated affiliates	209,311	(1,690,608)	(1,481,297)	(2,685,568)
Net loss before income taxes and equity in losses of unconsolidated affiliates	202,087	(1,697,832)	(1,495,745)	(2,707,240)
Net loss	$ 178,687	$ (1,717,832)	$ (1,539,145)	$ (2,850,863)
EPS – Basic	$ 0.02	$ (0.20)	$ (0.17)	$ (0.31)
EPS – Diluted	$ (0.01)	$ (0.23)	$ (0.23)	$ (0.37)
Net cash provided by (used in) operating activities				$ (3,634,388)
Total operating income (loss)	$ 55,637	$ (1,889,060)	$ (1,833,440)	(2,410,358)
Interest expense		(149,406)		(400,884)
Other income, net		(347,858)		682,522
Loss before income taxes and equity in losses of unconsolidated affiliates	209,311	(1,690,608)	(1,481,297)	(3,819,243)
Stockholders' Equity:
Additional paid in capital	134,604,772	132,194,992	134,604,772
Accumulated deficit	(105,973,489)	(106,152,176)	(105,973,489)
Total Stockholders’ Equity	28,775,563	26,173,582	28,775,563
Total Liabilities and Stockholders' Equity	52,536,655	54,143,466	52,536,655
Interest expense	(125,348)		(274,737)
Other income, net	279,022		626,880
Derivative liabilities at beginning		2,381,869	2,381,869	2,381,869	$ 2,381,869
Gain in fair value reported in the condensed consolidated statements of operations
Settlement of contingent consideration		(2,381,869)	(2,381,869)
Derivative liabilities at ending						$ 2,381,869
Noncurrent liabilities
Contingent consideration		1,463,803
Total Liabilities		27,969,884
As Restated [Member] | E P M [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total operating income (loss)		(64,210)
Total operating income (loss)	1,783,722		1,373,178
As Restated [Member] | C P D [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total operating income (loss)		$ (1,824,850)
Total operating income (loss)	$ (1,728,085)		$ (3,206,618)	(4,945,222)
Revised [Member] | E P M [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total operating income (loss)				$ 1,978,016

PRIOR INTERIM PERIOD REVISION_4

PRIOR INTERIM PERIOD REVISIONS AND UNAUDITED FINANCIAL DATA (Details Narrative) - USD ($)		12 Months Ended
	Jun. 07, 2022	Dec. 31, 2021
Accounting Changes and Error Corrections [Abstract]
Contingent consideration		$ 2,381,869
Number of shares issued	279,562

Revenues (Schedule of revenue b

Revenues (Schedule of revenue by segment) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue	$ 40,505,558	$ 35,727,199
Entertainment Publicity And Marketing [Member]
Revenue	40,058,880	35,705,305
Content Productions [Member]
Revenue	$ 446,678	$ 21,894

Revenue (Schedule of contract a

Revenue (Schedule of contract asset and liability) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Revenue
Contract asset		$ 62,500
Contract liability	1,641,459	$ 406,373
Change in contract asset	(62,500)
Changes in contracts liability	$ 1,235,086

Revenues (Schedule of contract

Revenues (Schedule of contract liability) (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue
Amounts included in the beginning of year contract liability balance	$ 384,373	$ 389,492

REVENUE (Details Narrative)

REVENUE (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenues	$ 40,505,558	$ 35,727,199
Creature Chronicles [Member]
Sale of non fungible tokens in transaction	7,777
Sale of non fungible tokens in transaction	13,175
Sale of stock value	$ 429,000
Repayment of revenue	$ 50,000
Sale transaction percentage	30%
Content Production [Member]
Revenues	$ 18,078	$ 21,894

ACQUISITIONS (Summary of provis

ACQUISITIONS (Summary of provisional fair value of consideration transferred) (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Socialyte L Lc [Member]
Business Acquisition [Line Items]
Closing Common stock (Consideration)	$ 4,133,009
Common Stock issued at Closing as working capital adjustment	2,103,668
Cash consideration paid at closing	5,053,827
Cash consideration paid subsequent to closing (Unsecured Promissory Note issued to Seller)	3,000,000
Fair value of the consideration transferred	14,290,504
B H I Share Purchase Agreement [Member]
Business Acquisition [Line Items]
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 ($)	Dec. 31, 2022	Nov. 14, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill	$ 29,314,083		$ 20,021,357	$ 19,627,856
Socialyte L Lc [Member]
Business Acquisition [Line Items]
Cash		$ 314,752
Accounts receivable		2,758,265
Accrued revenue		1,040,902
Property, equipment and leasehold improvements		30,826
Prepaid expenses		351,253
Intangibles		5,210,000
Total identifiable assets acquired		9,705,998
Accrued payable		(3,043,871)
Accrued expenses and other current liabilities		(1,397,292)
Deferred revenue		(1,173,394)
Total liabilities assumed		(5,614,557)
Net identifiable liabilities acquired		(4,091,441)
Goodwill		10,199,063
Net assets acquired		$ 14,290,504
B H I Share Purchase Agreement [Member]
Business Acquisition [Line Items]
Cash			65,465
Accounts receivable			154,162
Property, equipment and leasehold improvements			24,639
Intangibles			270,000
Total identifiable assets acquired			1,598,009
Accrued payable			(104,724)
Accrued expenses and other current liabilities			(259,936)
Deferred revenue			(56,994)
Total liabilities assumed			(2,037,446)
Net identifiable liabilities acquired			(439,437)
Net assets acquired			36,715
Other current assets			15,262
Right-of-use asset			1,044,864
Other assets			23,617
Lease liability			(1,044,864)
Line of credit			(456,527)
Deferred tax liability			(38,851)
Loans payable			(75,550)
Goodwill			$ 476,152

ACQUISITIONS (Schedule of Profo

ACQUISITIONS (Schedule of Proforma Results of Operations) (Details) - Socialyte L Lc [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Revenues	$ 47,079,183	$ 43,937,936
Net loss	$ (4,365,589)	$ (5,454,024)

ACQUISITIONS (Details Narrative

ACQUISITIONS (Details Narrative) - USD ($)					12 Months Ended
	Nov. 14, 2022	Jun. 14, 2022	Jun. 07, 2022	Jan. 02, 2021	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Number of shares issued			279,562
Revenue					$ 40,505,558	$ 35,727,199
Net income loss					(4,780,135)	(6,462,303)
Acquisition costs					480,939	22,907
Common Stock [Member]
Business Acquisition [Line Items]
Net income loss
Socialyte Seller [Member]
Business Acquisition [Line Items]
Purchase amount	$ 14,290,504				$ 456,273
Working capital adjustment	2,103,668
Additional earned	5,000,000
Payment to seller	$ 5,053,827
Number of shares issued	1,346,257				685,234
Socialyte Seller [Member] | Common Stock [Member]
Business Acquisition [Line Items]
Secured debt	$ 3,000,000
Socialyte L Lc [Member]
Business Acquisition [Line Items]
Revenue					$ 1,078,153
Net income loss					236,031
Socialyte [Member]
Business Acquisition [Line Items]
Acquisition costs					456,273
Interest expense term loan					249,189
B H I Share Purchase Agreement [Member]
Business Acquisition [Line Items]
Purchase amount				$ 800,000
Working capital adjustment					192,986
Additional earned				$ 1,200,000
B H I Purchase Agreement [Member]
Business Acquisition [Line Items]
Purchase amount					$ 22,907
B H I [Member]
Business Acquisition [Line Items]
Number of shares issued		163,369
Revenue						$ 3,500,000

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Schedule of Changes In Carrying Value of Goodwill) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2022		Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill originally reported at beginning		$ 20,021,357		$ 19,627,856
Measurement period adjustments	[1]			(77,094)
Business Acquisitions		10,199,063	[2]	470,595	[3]
Goodwill impairment	[4]	(906,337)
Goodwill originally reported at ending		$ 29,314,083		$ 20,021,357
[1]Measurement period adjustments recorded in connection with the Be Social and B/HI acquisitions.[2]Acquisition of Socialyte in November 2022.[3]Acquisition of B/HI in January 2021.[4]The Company recorded an impairment of goodwill, specifically for the Goodwill assigned to Viewpoint.

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS (Schedule of Intangible Assets) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 18,680,000	$ 13,470,000
Accumulated Amortization	8,795,664	7,327,933
Net Carrying Amount	9,884,336	6,142,067
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	13,350,000	8,290,000
Accumulated Amortization	5,842,498	4,880,016
Net Carrying Amount	7,507,502	3,409,984
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,640,000	4,490,000
Accumulated Amortization	2,283,166	1,797,917
Net Carrying Amount	2,356,834	2,692,083
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	690,000	690,000
Accumulated Amortization	670,000	650,000
Net Carrying Amount	$ 20,000	$ 40,000

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS (Schedule of Changes in Intangible Assets) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible asset, beginning	$ 6,142,067	$ 7,452,059
Intangible assets	5,210,000	270,000
Amortization expense	(1,467,731)	(1,579,992)
Intangible asset, ending	$ 9,884,336	$ 6,142,067

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS (Schedule of amortization expense related to intangible assets) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 2,015,910
2024	1,701,993
2025	1,597,789
2026	1,465,978
2027	854,992
Thereafter	2,247,674
Total	$ 9,884,336	$ 6,142,067

GOODWILL AND INTANGIBLE ASSET_6

GOODWILL AND INTANGIBLE ASSETS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment charge	$ 900	$ 0

CAPITALIZED PRODUCTION COSTS (D

CAPITALIZED PRODUCTION COSTS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue	$ 40,505,558	$ 35,727,199
Capitalized production costs, net	1,598,412	137,235
Impairment of capitalized production costs	87,323	234,734
Capitalized Production Costs [Member]
Revenue	0	21,894
Capitalized production costs, net	1,548,000
C P D [Member]
Revenue	446,678	21,894
Impairment of capitalized production costs	$ 87,323	$ 234,734

PROPERTY, EQUIPMENT AND LEASE_3

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Furniture and fixtures	$ 933,618	$ 910,169
Computers, office equipment and software	2,288,986	1,754,737
Leasehold improvements	505,424	505,425
Property plant and equipment gross	3,728,028	3,170,331
Less: accumulated depreciation and amortization	(3,434,822)	(2,696,669)
Property plant and equipment net	$ 293,206	$ 473,662

PROPERTY, EQUIPMENT AND LEASE_4

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 283,480	$ 325,362

NOTES RECEIVABLE (Details Narra

NOTES RECEIVABLE (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Nov. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Notes receivable	$ 4,426,700	$ 4,426,700	$ 1,510,137
Interest receivable	318,620	$ 318,620
Midnight Theatre [Member]
Defined Benefit Plan Disclosure [Line Items]
Notes receivable issued	308,483		$ 10,137
Midnight Theatre [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest rate		10%
Maturity date		Sep. 30, 2023
Crafthouse Cocktails [Member]
Defined Benefit Plan Disclosure [Line Items]
Unsecured convertible promissory notes				$ 500,000
Seven Unsecured Convertible Promissory Notes [Member]
Defined Benefit Plan Disclosure [Line Items]
Unsecured convertible promissory notes	$ 3,108,080	$ 3,108,080

EQUITY METHOD INVESTMENTS (Deta

EQUITY METHOD INVESTMENTS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Investment in JDDC Elemental LLC	$ 1,000,000
Loss on equity method investment	(246,789)
Marketing Expense	500,000
Midnight Theatre [Member]
Defined Benefit Plan Disclosure [Line Items]
Investment in JDDC Elemental LLC	$ 891,494	$ 1,000,000
Equity ownership percentage	13%	13%
Loss on equity method investment	$ 108,506
Crafthouse Cocktails [Member]
Defined Benefit Plan Disclosure [Line Items]
Equity ownership percentage	5.30%
Loss on equity method investment	$ 138,238
Investment crafthouse cocktails	$ 361,717

OTHER CURRENT LIABILITIES (Sche

OTHER CURRENT LIABILITIES (Schedule of Other liabilities) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accrued funding under Max Steel marketing agreement	$ 620,000	$ 620,000
Accrued audit, legal and other professional fees	573,049	429,299
Accrued commissions	702,410	457,269
Accrued bonuses	469,953	360,817
Due to seller of Be Social (2021)		304,169
Talent liability	3,990,984	2,908,357
Accumulated customer deposits	550,930	1,206,864
Other	719,510	563,809
Other current liabilities	$ 7,626,836	$ 6,850,584

DEBT (Schedule of debt) (Detail

DEBT (Schedule of debt) (Details) - USD ($)	Dec. 31, 2022	Jan. 15, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Convertible notes payable (see Note 13)	$ 5,050,000		$ 2,900,000
Convertible notes payable - fair value option (see Note 14)	343,556		998,135
Non-convertible promissory notes (see Note 15)	1,368,960		1,176,644
Non-convertible promissory notes – Socialyte (see Note 15)	3,000,000
Loans from related party (see Note 16)	1,107,873		1,107,873
Term loan, net of debt issuance costs (see Note 12)	2,867,592
Total debt	13,737,981	$ 200,000	6,182,652
Less current portion of debt	(4,277,697)		(307,685)
Noncurrent portion of debt	$ 9,460,284		$ 5,874,967

- DEBT (Schedule of Future Annu

- DEBT (Schedule of Future Annual Contractual Principal Payment Commitments of Debt) (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
2023	$ 4,277,697
2024	4,216,610
2025	408,737
2026	858,737
2027	3,632,644
Thereafter	$ 500,000
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Maturity Date	Ranging between June 2023 and March 2030
2023
2024	2,200,000
2025
2026	450,000
2027	2,400,000
Thereafter	$ 500,000
Nonconvertible Promissory Notes [Member]
Debt Instrument [Line Items]
Maturity Date	Ranging between June 2023 and November 2024
2023	$ 868,960
2024	500,000
2025
2026
2027
Thereafter
Nonconvertible Secured Promissory Notes [Member]
Debt Instrument [Line Items]
Maturity Date	Ranging between June and September 2023
2023	$ 3,000,000
2024
2025
2026
2027
Thereafter
Term Loan [Member]
Debt Instrument [Line Items]
Maturity Date	November 14, 2027
2023	$ 408,737
2024	408,737
2025	408,737
2026	408,737
2027	1,232,644
Thereafter
Loan From Related Party [Member]
Debt Instrument [Line Items]
Maturity Date	July 31, 2024
2023
2024	1,107,873
2025
2026
2027
Thereafter

DEBT (Details Narrative)

DEBT (Details Narrative)	12 Months Ended
	Dec. 31, 2022 USD ($)
Offsetting Assets [Line Items]
Payment of loan	$ 54,139
Interest paid	$ 18,425
Revolver accrue interest	5.50%
Accrue interest end	0.75%
Security Agreement [Member] | Socialyte [Member]
Offsetting Assets [Line Items]
Secured term note	$ 3,000,000
Annual facility fee	5,000
Payment on line of credit	875
Security Agreement [Member] | Socialyte [Member] | Credit [Member]
Offsetting Assets [Line Items]
Secured term note	500,000
Credit Agreement [Member]
Offsetting Assets [Line Items]
minimum liquidity	$ 1,500,000

CONVERTIBLE NOTES PAYABLE (Sche

CONVERTIBLE NOTES PAYABLE (Schedule of convertible notes payable) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Principal Amount	$ 5,050,000	$ 2,900,000
Net Carrying Amount	5,050,000	2,900,000
October 2024 [Member]
Short-Term Debt [Line Items]
Principal Amount	800,000
Net Carrying Amount	800,000
November 2024 [Member]
Short-Term Debt [Line Items]
Principal Amount	500,000
Net Carrying Amount	500,000
December 2024 [Member]
Short-Term Debt [Line Items]
Principal Amount	900,000
Net Carrying Amount	900,000
November 2026 [Member]
Short-Term Debt [Line Items]
Principal Amount	300,000
Net Carrying Amount	300,000
December 2026 [Member]
Short-Term Debt [Line Items]
Principal Amount	150,000
Net Carrying Amount	150,000
August 2027 [Member]
Short-Term Debt [Line Items]
Principal Amount	2,000,000	2,000,000
Net Carrying Amount	2,000,000	2,000,000
September 2027 [Member]
Short-Term Debt [Line Items]
Principal Amount	400,000	900,000
Net Carrying Amount	$ 400,000	$ 900,000

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Jan. 13, 2023	Jan. 09, 2023	Dec. 31, 2020
Short-Term Debt [Line Items]
Debt instrument amount	$ 5,050,000	$ 2,900,000
Closing market price per share	$ 2.50	$ 2.50			$ 2.50
Debt conversion, Principal	$ 500,000	$ 5,603,612
Debt conversion accrued interest	1,744,723	$ 1,621,437
Debt conversion converted, shares issued		143,588
Debt conversion, Principal	5,050,000	$ 2,900,000
Interest expense and debt amortization	$ 18,425
Convertible Debt [Member]
Short-Term Debt [Line Items]
Interest rate	10%
Closing market price per share	$ 2
Convertible Debt [Member] | Subsequent Event [Member]
Short-Term Debt [Line Items]
Debt instrument amount			$ 800,000	$ 800,000
Convertible Promissory Notes [Member]
Short-Term Debt [Line Items]
Debt conversion, Principal	$ 5,050,000	2,900,000
Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Debt instrument amount	$ 2,650,000	$ 5,950,000
Interest rate	10%	10%			10%
Interest expense and debt amortization	$ 33,292
Interest payments	11,500
Debt conversion accrued interest	$ 5,278
Debt conversion accrued interest		$ 3,333
Debt conversion converted, shares issued		300,830
Debt conversion, Principal					$ 1,445,000
Convertible Notes Payable [Member] | Minimum [Member]
Short-Term Debt [Line Items]
Debt conversion Price	$ 9.27
Convertible Notes Payable [Member] | Maximum [Member]
Short-Term Debt [Line Items]
Debt conversion Price	$ 10.74
Seven Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Debt conversion, Principal		$ 3,050,000
Debt conversion, Principal	$ 500,000
One Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Debt conversion Price	$ 3.98
Convertible Notes Payable 1 [Member]
Short-Term Debt [Line Items]
Interest expense and debt amortization	$ 275,278	193,153
Interest payments	$ 277,778	170,653
Convertible Debt 2020 [Member]
Short-Term Debt [Line Items]
Interest payments		27,538
Debt conversion accrued interest		$ 8,611
Debt conversion converted, shares issued		381,601
Debt conversion, Principal		$ 1,445,000
Interest expense and debt amortization		$ 15,565
Convertible Debt 2020 [Member] | Minimum [Member]
Short-Term Debt [Line Items]
Debt conversion Price		$ 3.69
Convertible Debt 2020 [Member] | Maximum [Member]
Short-Term Debt [Line Items]
Debt conversion Price		$ 3.96

CONVERTIBLE NOTES PAYABLE AT _3

CONVERTIBLE NOTES PAYABLE AT FAIR VALUE (Schedule of fair value option) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total convertible notes payable at fair value	$ 5,050,000	$ 2,900,000
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Total convertible notes payable at fair value	343,556	998,135
Convertible Notes Payable [Member] | Notes Payable Issue March 4 [Member]
Debt Instrument [Line Items]
Total convertible notes payable at fair value	$ 343,556	$ 998,135

CONVERTIBLE NOTES PAYABLE AT _4

CONVERTIBLE NOTES PAYABLE AT FAIR VALUE (Details Narrative) - USD ($)		1 Months Ended	12 Months Ended
	Mar. 04, 2020	Mar. 25, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jan. 03, 2020
Debt Instrument [Line Items]
Debt instrument amount			$ 5,050,000	$ 2,900,000
Debt conversion converted, shares issued				143,588
Third Party Investor [Member] | Warrant I
Debt Instrument [Line Items]
Fair value of debt			$ 15,000	$ 135,000
Minimum [Member]
Debt Instrument [Line Items]
Shares issue price per share			$ 1.88
Maximum [Member]
Debt Instrument [Line Items]
Shares issue price per share			$ 2.27
Convertible Debt Lincoin Park Note 2020 [Member]
Debt Instrument [Line Items]
Debt instrument amount				540,000	$ 760,000
Fair value of debt				$ 561,522
Shares issue price per share				$ 3.91
Shares issued				137,966	172,181
Convertible Debt Lincoin Park Note 2020 [Member] | Minimum [Member]
Debt Instrument [Line Items]
Shares issue price per share					$ 4.35
Convertible Debt Lincoin Park Note 2020 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Shares issue price per share					$ 4.45
Convertible Debt Lincoin Park Warrants 2020 [Member]
Debt Instrument [Line Items]
Fair value of debt					$ 314,441
Increase (decrease) in fair value of debt				$ 2,397,877
Convertible Note Payable [Member]
Debt Instrument [Line Items]
Shares issued		10,000
Lincoln Park Capital Fund Llc [Member]
Debt Instrument [Line Items]
Warrants to purchase common stock						41,518
Lincoln Park Warrants [Member]
Debt Instrument [Line Items]
Debt instrument amount						$ 1,200,000
Exercise price						$ 3.91
Convertible promissory note [Member]
Debt Instrument [Line Items]
Debt instrument amount			$ 500,000			$ 1,300,000
Increase (decrease) in fair value of debt				103,845
Convertible promissory note [Member] | Third Party Investor [Member]
Debt Instrument [Line Items]
Warrants to purchase common stock	20,000
Exercise price	$ 3.91
Fair value of debt	$ 460,000		343,556	998,135
Increase (decrease) in fair value of debt			654,579	486,999
Debt conversion converted amount	$ 500,000
Debt instrument interest rate	8%
Convertible promissory note [Member] | Third Party Investor [Member] | Warrant I
Debt Instrument [Line Items]
Fair value of debt	$ 40,000
Increase (decrease) in fair value of debt			$ 120,000	85,000
Convertible promissory note [Member] | Third Party Investor One [Member]
Debt Instrument [Line Items]
Debt instrument amount		$ 560,000
Exercise price		$ 3.90
Fair value of debt		$ 500,000
Increase (decrease) in fair value of debt				$ 20,000
Debt conversion converted amount		500,000
Debt instrument transaction costs		$ 10,000
Convertible Debt One [Member] | Convertible Debt Lincoin Park Note 2020 [Member]
Debt Instrument [Line Items]
Fair value of debt	$ 885,559
Convertible Debt [Member] | Convertible Debt Lincoin Park Warrants 2020 [Member]
Debt Instrument [Line Items]
Debt conversion converted, shares issued				146,027

NONCONVERTIBLE PROMISSORY NOT_2

NONCONVERTIBLE PROMISSORY NOTES (Details Narrative) - USD ($)	1 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 15, 2022
Debt Instrument [Line Items]
Debt instrument amount			$ 5,050,000	$ 2,900,000
Notes payable, current portion			3,868,960	307,685
Notes payable			500,000	868,959
Interest expense			97,468	122,456
Interest paid			95,318	123,025
Debt carrying amount current portion			13,737,981	6,182,652	$ 200,000
Socialyte promissory note amount			3,000,000
Forecast [Member]
Debt Instrument [Line Items]
Socialyte promissory note amount	$ 1,500,000	$ 1,500,000
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Debt instrument amount			$ 1,368,960
Debt instrument rate			10%
Notes payable, current portion			$ 868,960	307,685
Notes payable			$ 500,000	426,645
Nonconvertible Promissory Notes [Member]
Debt Instrument [Line Items]
Debt carrying amount current portion				$ 2,200,000

LOANS FROM RELATED PARTY (Detai

LOANS FROM RELATED PARTY (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt instrument amount	$ 5,050,000	$ 2,900,000
Interest expense	110,787
Interest repaid	0	81,621
Accrued interest	1,744,723	1,621,437
Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Debt instrument amount	1,107,873
Accrued interest	166,637	$ 55,849
Notes Payable, Other Payables [Member] | DE New Promissory Note [Member] | Chief Executive Officer [Member]
Debt Instrument [Line Items]
Debt instrument amount	$ 1,009,624
Debt instrument interest rate	10%

FAIR VALUE MEASUREMENTS, AS REV

FAIR VALUE MEASUREMENTS, AS REVISED (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying amount	$ 2,867,592
Contingent Consideration [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying amount	738,821	4,284,221
Fair value	738,821	4,284,221
Convertible Notes Payable [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying amount	5,050,000	2,900,000
Fair value	4,865,000	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	343,556	998,135
Fair value	343,556	998,135
Warrantliability [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying amount	15,000	135,000
Fair value	15,000	135,000
Cash and Cash Equivalents [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying amount	6,069,889	7,688,743
Fair value	6,069,889	7,688,743
Restricted Cash [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying amount	1,127,960	541,883
Fair value	$ 1,127,960	$ 541,883

FAIR VALUE MEASUREMENTS, AS R_2

FAIR VALUE MEASUREMENTS, AS REVISED (Details 1)	12 Months Ended
	Dec. 31, 2021 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities at beginning	$ 511,136
Derivative liabilities at ending	998,135
The Door [Member] | Put Option [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities at beginning	1,544,029
Put rights exercised	(1,015,135)
Gain Loss due to change in fair value	71,106
Gain Loss due to change in fair value	106,688
Put rights converted into common stock	(706,688)
Derivative liabilities at ending

FAIR VALUE MEASUREMENTS, AS R_3

FAIR VALUE MEASUREMENTS, AS REVISED (Details 2) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Net Carrying Amount	$ 5,050,000	$ 2,900,000
Fair Value Amount	4,865,000	2,900,000
October 2024 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	800,000
Fair Value Amount	817,000
November 2024 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	500,000
Fair Value Amount	513,000
December 2024 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	900,000
Fair Value Amount	912,000
November 2026 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	300,000
Fair Value Amount	285,000
December 2026 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	150,000
Fair Value Amount	143,000
August 2027 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	2,000,000	2,000,000
Fair Value Amount	1,834,000	1,998,000
September 2027 [Member]
Short-Term Debt [Line Items]
Net Carrying Amount	400,000	900,000
Fair Value Amount	$ 361,000	$ 902,000

FAIR VALUE MEASUREMENTS, AS R_4

FAIR VALUE MEASUREMENTS, AS REVISED (Details 3) - Monte Carlo Simulation [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Stock Price	$ 1.81	$ 8.52
Original conversion price		$ 2.50
Volatility	100%	100%
Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Original conversion price	$ 2
Risk free rate	4.02%	0.61%
Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Original conversion price	$ 2.50
Risk free rate	4.49%	0.64%

FAIR VALUE MEASUREMENTS, AS R_5

FAIR VALUE MEASUREMENTS, AS REVISED (Details 4) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Derivative liabilities at beginning	$ 998,135	$ 511,136
Gain in fair value reported in the condensed consolidated statements of operations	654,579	486,999
Gain in fair value reported in the condensed consolidated statements of operations	(654,579)	(486,999)
Derivative liabilities at ending	$ 343,556	$ 998,135

FAIR VALUE MEASUREMENTS, AS R_6

FAIR VALUE MEASUREMENTS, AS REVISED (Details 5) - Convertible Debt [Member] - USD ($)	12 Months Ended
	Dec. 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	$ 1.81	$ 8.52
Expected term (years)	7 years 2 months 4 days	8 years 2 months 4 days
Volatility	100%	100%
Risk free rate	3.96%	1.47%

FAIR VALUE MEASUREMENTS, AS R_7

FAIR VALUE MEASUREMENTS, AS REVISED (Details 6) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Derivative liabilities at beginning	$ 998,135	$ 511,136
Gain in fair value reported in the condensed consolidated statements of operations	654,579	486,999
Gain in fair value reported in the condensed consolidated statements of operations	(654,579)	(486,999)
Derivative liabilities at ending	343,556	998,135
Series I Warrants [Member]
Short-Term Debt [Line Items]
Derivative liabilities at beginning	135,000	50,000
Gain in fair value reported in the condensed consolidated statements of operations	120,000	85,000
Gain in fair value reported in the condensed consolidated statements of operations	(120,000)	(85,000)
Derivative liabilities at ending	$ 15,000	$ 135,000

FAIR VALUE MEASUREMENTS, AS R_8

FAIR VALUE MEASUREMENTS, AS REVISED (Details 7) - Series I Warrants [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Exercise Price per share	$ 3.91	$ 3.91
Value of Common Stock	$ 1.81	$ 8.52
Expected term	2 years 8 months 1 day	3 years 8 months 1 day
Volatility	100%	100%
Dividend yield	0%	0%
Risk free rate	4.28%	1.07%

FAIR VALUE MEASUREMENTS, AS R_9

FAIR VALUE MEASUREMENTS, AS REVISED (Details 8) - Be Social [Member]	12 Months Ended
	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Risk Free Discount Rate (based on US government treasury obligation with a term similar to that of the Contingent Consideration)	0.73%
Annual Asset Volatility Estimate	85%

FAIR VALUE MEASUREMENTS, AS _10

FAIR VALUE MEASUREMENTS, AS REVISED (Details 9) - USD ($)		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities at beginning		$ 998,135	$ 511,136
Derivative liabilities at ending		343,556	998,135
Contingent Consideration [Member] | The Door [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities at beginning	[1]	2,381,869	370,000
(Gain) Loss in fair value reported in the condensed consolidated statements of operations	[1]		2,011,869
(Gain) Loss in fair value reported in the condensed consolidated statements of operations	[1]		(2,011,869)
Settlement of contingent consideration	[1]	(2,381,869)
Settlement of contingent consideration	[1]	2,381,869
Derivative liabilities at ending	[1]		2,381,869
Contingent Consideration [Member] | Be Social [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities at beginning		710,000	160,000
(Gain) Loss in fair value reported in the condensed consolidated statements of operations		5,000	550,000
(Gain) Loss in fair value reported in the condensed consolidated statements of operations		(5,000)	(550,000)
Settlement of contingent consideration
Settlement of contingent consideration
Derivative liabilities at ending		705,000	710,000
Contingent Consideration [Member] | B H I [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liabilities at beginning		1,192,352
(Gain) Loss in fair value reported in the condensed consolidated statements of operations		76,106	1,192,352
(Gain) Loss in fair value reported in the condensed consolidated statements of operations		(76,106)	(1,192,352)
Settlement of contingent consideration		(1,116,246)
Settlement of contingent consideration		1,116,246
Derivative liabilities at ending			$ 1,192,352
[1]Based on the net income for the year ended December 31, 2021, The Door achieved the conditions for the earnout consideration, which was settled on June 7, 2022 by payment of 279,562 shares of common stock.

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details Narrative) - USD ($)			12 Months Ended
	Jun. 14, 2022	Jun. 07, 2022	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value of warrant liability			$ 120,000	$ (2,482,877)
Debt instrument amount			5,050,000	2,900,000
Fair value payout				1,100,000
Cash				600,000
Shares issued during period		279,562
B H I [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Shares issued during period	163,369
Put Option [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value of warrant liability				$ 71,106
Contingent Consideration [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt instrument amount			5,050,000
Contingent Consideration [Member] | B H I [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt instrument amount			$ 500,000

VARIABLE INTEREST ENTITIES (Sum

VARIABLE INTEREST ENTITIES (Summary of Financial Information for Variable Interest Entities) (Details) - JB Believe, LLC [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Assets	$ 7,354	$ 265,778
Liabilities	(6,491,314)	(6,749,738)
Revenues	18,078	21,894
Expenses		$ (7,437)

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Revenue	$ 40,505,558	$ 35,727,199
JB Believe, LLC [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Repayments of investments	3,200,000
Amount paid to release film	5,000,000
Producer fee owed to lender	$ 6,491,834
JB Believe, LLC [Member] | Geographic Distribution, Domestic [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Revenue		$ 21,894

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)					12 Months Ended
	Jun. 07, 2022	Mar. 07, 2022	Dec. 29, 2021	Aug. 10, 2021	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Preferred stock, authorized shares					10,000,000
Preferred stock, description					An Eligible Class C Preferred Stock Holder means any of (i) DE LLC for so long as Mr. O’Dowd continues to beneficially own at least 90% and serves on the board of directors or other governing entity, (ii) any other entity in which Mr. O’Dowd beneficially owns more than 90%, or a trust for the benefit of others, for which Mr. O’Dowd serves as trustee and (iii) Mr. O’Dowd individually.
EBITDA, amount					$ 3
Number of shares issued	279,562
Number of shares issued and sold					250,000
Proceeds from issuance of common stock					$ 1,436,259
Minimum [Member]
Class of Stock [Line Items]
Shares issued price per share					$ 1.88
Maximum [Member]
Class of Stock [Line Items]
Shares issued price per share					$ 2.27
L P Purchase Agreement 2022 [Member]
Class of Stock [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”). The amount of a Regular Purchase may be increased under certain circumstances up to 75,000 shares if the closing price is not below $7.50 and up to 100,000 shares if the closing price is not below $10.00, provided that Lincoln Park’s committed obligation for Regular Purchases on any business day shall not exceed $2,000,000. The purchase price for Regular Purchases (the “Purchase Price”) shall be equal to 98.75% of the lesser of: (i) the lowest sale price of the Common Stock during the Purchase Date, or (ii) the average of the three (3) lowest closing sale prices of the Common Stock during the ten (10) business days prior to the Purchase Date. In the event we purchase the full amount allowed for a Regular Purchase on any given business day, we may also direct Lincoln Park to purchase additional amounts as accelerated and additional accelerated purchases. The purchase price for the accelerated and additional accelerated purchases shall be equal to the lesser of 96% of (i) the closing sale price on the accelerated purchase date, or (ii) such date’s volume weighted average price.
Proceeds from issuance of common stock					$ 529,450
L P Purchase Agreement 2022 [Member] | Minimum [Member]
Class of Stock [Line Items]
Shares issued price per share					$ 1.92
L P Purchase Agreement 2022 [Member] | Maximum [Member]
Class of Stock [Line Items]
Shares issued price per share					$ 3.72
L P Purchase Agreement 2021 [Member]
Class of Stock [Line Items]
Number of shares issued		37,019			57,313	51,827
Number of shares issued and sold					1,035,000
Proceeds from issuance of common stock					$ 4,367,640
Shares available to purchase per agreement, value			$ 25,000,000
L P Purchase Agreement 2021 [Member] | Minimum [Member]
Class of Stock [Line Items]
Shares issued price per share					$ 3.47
L P Purchase Agreement 2021 [Member] | Maximum [Member]
Class of Stock [Line Items]
Shares issued price per share					$ 5.15
Lincoln Park Transaction [Member]
Class of Stock [Line Items]
Number of shares issued				25,000,000
Number of shares issued and sold					548,000
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, authorized shares					50,000	50,000
Number of shares issued					4,738,940
Series C Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock liquidation value					$ 0.001

LOSS PER SHARE (Details)

LOSS PER SHARE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loss per share:
Net loss attributable to Dolphin Entertainment Common Stock holders and numerator for basic loss per share	$ (4,780,135)	$ (6,462,303)
Change in fair value of convertible notes payable	(654,579)
Change in fair value of warrants	(120,000)
Interest expense	39,452
Numerator for diluted loss per share	$ (5,515,262)	$ (6,462,303)
Denominator for basic EPS - weighted-average shares	9,799,021	7,614,774
Convertible note payable	$ 127,877
Warrants	28
Denominator for diluted EPS - adjusted weighted-average shares	9,926,926	7,614,774
Basic loss per share	$ (0.49)	$ (0.85)
Diluted loss per share	$ (0.56)	$ (0.85)

LOSS PER SHARE (Details Narrati

LOSS PER SHARE (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loss per share:
Antidilutive shares	1,901,924	506,674

WARRANTS (Schedule of Warrant A

WARRANTS (Schedule of Warrant Activity) (Details) - Warrant [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Balance at December 31	20,000	221,513
Balance at December 31	$ 3.91	$ 7.08
Issued
Issued
Exercised		(166,072)
Exercised		$ 3.91
Expired		(35,441)
Expired		$ 23.70
Balance at December 31	20,000	20,000
Balance at December 31	$ 3.91	$ 3.91

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Mar. 04, 2020
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value of warrants	$ (120,000)	$ 2,482,877
Convertible notes payable (see Note 13)	5,050,000	2,900,000
Other expense	97,468	122,456
Lincoln Park Warrants [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value of warrants	2,397,877
Series I Warrant [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Convertible notes payable (see Note 13)			$ 500,000
Warrants to purchase common stock			20,000
Exercise price			$ 3.91
Derivative liabilities	15,000	135,000	$ 40,000
Other income	$ 120,000
Other expense		$ 85,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Accrued Salaries			$ 400,000
Interest Expense, Related Party		$ 262,498	262,500
Interest paid related to accrued compensation		250,000	453,345
Retainer fees			8,500
Payment for fee			$ 17,000
Provided services to Aircraft		87,700
Aircraft made payments		91,714
Number of options exercised			6,507
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
Interest Payable		$ 1,578,088	$ 1,565,588
Ms. Leslee Dart [Member] | Put Option [Member]
Related Party Transaction [Line Items]
Price per share			$ 46.10

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue from External Customer [Line Items]
Revenue	$ 40,505,558	$ 35,727,199
Total operating loss	(4,575,142)	(5,480,783)
Interest expense	(555,802)	(785,209)
Other income (loss), net	774,579		$ (158,955)
Loss before income taxes and equity in losses of unconsolidated affiliates	(4,356,365)	(6,424,947)
Total assets	75,376,832	52,791,451	52,745,301
E P M [Member]
Revenue from External Customer [Line Items]
Revenue	40,058,880	35,705,305
Total operating loss	1,964,803	(451,406)
Total assets	68,678,335		48,645,789
C P D [Member]
Revenue from External Customer [Line Items]
Revenue	446,678	21,894
Total operating loss	(6,539,945)	$ (5,029,377)
Total assets	$ 6,698,497		$ 4,099,512

SEGMENT INFORMATION (Details Na

SEGMENT INFORMATION (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2022		Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization		$ 8,795,664		$ 7,327,933
Goodwill, Acquired During Period		10,199,063	[1]	$ 470,595	[2]
Forty Second West Door And Viewpoint Shore Media [Member]
Restructuring Cost and Reserve [Line Items]
Finite-lived Intangible Assets Acquired		18,680,000
Finite-Lived Intangible Assets, Accumulated Amortization		$ 8,795,664
Goodwill, Acquired During Period	$ 29,314,083
[1]Acquisition of Socialyte in November 2022.[2]Acquisition of B/HI in January 2021.

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Current income tax expense (benefit)
Federal
State
Current
Deferred income tax expense (benefit)
Federal	(853,835)	(1,107,490)
State	(292,832)	(37,908)
Deferred	(1,146,667)	(1,145,398)
Change in valuation allowance
Federal	881,436	1,145,789
State	442,212	36,965
Change in valuation allowance	1,323,648	1,182,754
Income tax provision expense	$ 176,981	$ 37,356

INCOME TAXES (Schedule of defer

INCOME TAXES (Schedule of deferred tax assets) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Deferred Tax Assets:
Accrued Expenses	$ 815,951	$ 769,500
IRC 163(j)	1,047,643	762,603
Lease liability	2,190,548	1,847,098
Accrued Compensation	701,205	720,129
Intangibles	2,139,179	2,268,504
Other Assets	227,798	152,709
Capitalized Production Costs	520,866	502,104
Net Operating Losses and Credits	13,986,154	13,224,955
Total Deferred Tax Assets	21,629,345	20,247,602
Deferred Tax Liabilities:
Fixed Assets	(506)	(51,528)
Right of use asset	(1,988,834)	(1,681,512)
Other Liabilities		(19,290)
Total Deferred Tax Liability	(1,989,340)	(1,752,330)
Subtotal	19,640,005	18,495,272
Valuation Allowance	(19,893,193)	(18,569,544)
Net Deferred Tax Liability	$ (253,188)	$ (74,272)

INCOME TAXES (Schedule of net o

INCOME TAXES (Schedule of net operating loss) (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Net operating loss carry forwards	$ 102,055,145
UNITED STATES
Net operating loss carry forwards	$ 49,127,354	[1]
Operating loss carry forwards expires	2028	[1]
FLORIDA
Net operating loss carry forwards	$ 26,247,222
Operating loss carry forwards expires	2029
CALIFORNIA
Net operating loss carry forwards	$ 16,584,057
Operating loss carry forwards expires	2032
NEW YORK
Net operating loss carry forwards	$ 3,767,266
Operating loss carry forwards expires	2039
New York City [Member]
Net operating loss carry forwards	$ 4,686,957
Operating loss carry forwards expires	2039
ILLINOIS
Net operating loss carry forwards	$ 540,460
Operating loss carry forwards expires	2031
MASSACHUSETTS
Net operating loss carry forwards	$ 1,101,829
Operating loss carry forwards expires	2038
[1]Federal net operating losses generated after December 31, 2017 have an indefinite life and do not expire.

INCOME TAXES (Schedule of Effec

INCOME TAXES (Schedule of Effective Tax Rate Reconciliation) (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Federal statutory tax rate	21%	21%
PPP loan forgiveness	0%	10.60%
Goodwill impairment	(4.10%)
Change in fair value of contingent consideration	0.20%	(12.40%)
Change in fair value of derivative liabilities	3.50%	(10.40%)
State income taxes, net of federal income tax benefit	7.50%	0%
Change in state tax rate	(1.40%)	1.30%
Return to provision adjustment	0.40%	(0.60%)
Business combination		0.40%
Other	(2.20%)	(0.80%)
Change in valuation allowance	(28.80%)	(9.70%)
Effective tax rate	(3.90%)	(0.60%)

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Deferred tax asset valuation allowance	$ 19,900,309	$ 18,569,545

LEASES (Schedule of Right of Us

LEASES (Schedule of Right of Use Asset or Lease Liability Calculations) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Assets
Right-of-use asset	$ 7,341,045	$ 6,129,411
Current
Lease liability	2,073,547	1,600,107
Noncurrent
Lease liability	6,012,049	5,132,895
Total lease liability	$ 8,085,596	$ 6,733,002

LEASES (Schedule of Lease Incom

LEASES (Schedule of Lease Income and Expenses) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net lease costs	$ 2,209,475	$ 2,703,659
Selling, General and Administrative Expenses [Member]
Operating lease costs	2,316,745	2,642,798
Sublease income	(107,270)
Direct costs [Member]
Operating lease costs		$ 60,861

LEASES (Schedule of Maturities

LEASES (Schedule of Maturities of Lease Liabilities) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Leases
2023	$ 2,640,164
2024	2,531,307
2025	1,979,589
2026	1,782,057
2027	719,794
Thereafter
Total	9,652,911
Less: Imputed interest	(1,567,315)
Present value of lease liabilities	$ 8,085,596	$ 6,733,002

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases
Operating lease payment	$ 2,256,551	$ 2,733,158
Operating lease term	3 years 5 months 26 days
Percentage of annual increase in lease amount	8.68%
Rent expense	$ 2,316,745	$ 2,703,659

COLLABORATIVE ARRANGEMENT (Deta

COLLABORATIVE ARRANGEMENT (Details Narrative) - Blue Angels Agreement [Member]	1 Months Ended
	Jun. 24, 2022 USD ($)
Offsetting Assets [Line Items]
Capitalized production costs	$ 1,500,000
Final payment	$ 500,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Letter of Credit description	On July 24, 2018, the Company renewed the letter of credit issued by City National Bank for the 42West office space in New York. The original letter of credit was for $677,354 and originally expired on August 1, 2018. This letter of credit renews automatically annually unless City National Bank notifies the landlord 60-days prior to the expiration of the bank’s election not to renew the letter of credit. In connection with the annual renewal in 2021, the letter of credit was reduced to $541,883. The Company granted City National Bank a security interest in bank account funds totaling $541,883 pledged as collateral for the letter of credit. The letter of credit commits the issuer to pay specified amounts to the holder of the letter of credit under certain conditions. If this were to occur, the Company would be required to reimburse the issuer of the letter of credit.
Sublease amount	$ 2,209,475	$ 2,703,659
Dolphins Los Angeles [Member]
Sublease amount	$ 586,077
Expiration date	Sep. 15, 2022
Letter of credit	$ 586,077

EMPLOYEE BENEFIT PLAN AND EQU_3

EMPLOYEE BENEFIT PLAN AND EQUITY INCENTIVE PLAN (Details) - Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Balance at December 31 | shares
Balance at December 31 | $ / shares
Number of shares Granted | shares	36,434
Weighted average grant date fair value, granted | $ / shares	$ 6.86
Number of shares Forfeited | shares	(4,942)
Weighted average grant date fair value, Forfeited | $ / shares	$ 6.86
Number of shares Vested | shares	(31,492)
Weighted average grant date fair value, Vested | $ / shares	$ 6.86
Balance at December 31 | shares
Balance at December 31 | $ / shares

EMPLOYEE BENEFIT PLAN AND EQU_4

EMPLOYEE BENEFIT PLAN AND EQUITY INCENTIVE PLAN (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Jan. 11, 2023	Jul. 27, 2022	Jun. 29, 2017
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Employee benefit plan	$ 582,912	$ 424,423
Compensation expense	215,528
Mr Anthony Francisco [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares issued				11,521
Share price				$ 4.34
Receiving shares amount	25,000
Aggregate amount	100,000
Mr Anthony Francisco [Member] | Subsequent Event [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares issued			6,366
Share price			$ 2.24
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Compensation expense	212,782	$ 0
Compensation expense	$ 0
Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares available for grant					2,000,000
Number of shares issued		0