Dolphin Entertainment Inc
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 14, 2024
DLPN$0.93+3.5%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 (unaudited)
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current | ||
| Cash and cash equivalents | $8,718,975 | $6,432,731 |
| Restricted cash | 1,127,960 | 1,127,960 |
| Accounts receivable: | ||
| Trade, net of allowance of $1,499,842 and $1,456,752, respectively | 7,707,126 | 5,817,615 |
| Other receivables | 4,469,209 | 6,643,960 |
| Notes receivable | 1,135,000 | — |
| Other current assets | 606,964 | 701,335 |
| Total current assets | 23,765,234 | 20,723,601 |
| Capitalized production costs, net | 538,231 | 2,295,275 |
| Employee receivable | 908,085 | 796,085 |
| Right-of-use asset | 4,638,274 | 5,599,736 |
| Goodwill | 25,211,206 | 25,220,085 |
| Intangible assets, net | 10,147,970 | 11,209,664 |
| Property, equipment and leasehold improvements, net | 148,630 | 194,223 |
| Other long-term assets | 216,305 | 216,305 |
| Total Assets | $65,573,935 | $66,254,974 |
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| LIABILITIES | ||
| Current | ||
| Accounts payable | $3,196,441 | $6,892,349 |
| Term loan, current portion | 1,023,468 | 980,651 |
| Notes payable, current portion | 3,900,000 | 3,500,000 |
| Revolving line of credit | 400,000 | 400,000 |
| Accrued interest – related party | 1,763,779 | 1,718,009 |
| Accrued compensation – related party | 2,625,000 | 2,625,000 |
| Lease liability, current portion | 1,959,835 | 2,192,213 |
| Deferred revenue | 851,402 | 1,451,709 |
| Other current liabilities | 10,290,241 | 7,694,114 |
| Total current liabilities | 26,010,166 | 27,454,045 |
| Term loan, noncurrent portion | 3,979,052 | 4,501,963 |
| Notes payable | 2,980,000 | 3,380,000 |
| Convertible notes payable | 5,100,000 | 5,100,000 |
| Convertible note payable at fair value | 290,000 | 355,000 |
| Loan from related party | 3,217,873 | 1,107,873 |
| Lease liability | 3,220,449 | 4,068,642 |
| Deferred tax liability | 329,510 | 306,691 |
| Warrant liability | — | 5,000 |
| Other noncurrent liabilities | 18,915 | 18,915 |
| Total Liabilities | 45,145,965 | 46,298,129 |
| Commitments and contingencies (Note 17) | ||
| STOCKHOLDERS’ EQUITY | ||
| Preferred Stock, Series C, $0.001 par value, 50,000 shares authorized, 50,000 shares issued and outstanding at June 30, 2024 and December 31, 2024 | 1,000 | 1,000 |
| Common stock, $0.015 par value, 200,000,000 shares authorized, 20,196,416 and 18,219,531 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively | 302,947 | 273,293 |
| Additional paid-in capital | 155,686,452 | 153,293,756 |
| Accumulated deficit | (135,562,429) | (133,611,204) |
| Total Stockholders’ Equity | 20,427,970 | 19,956,845 |
| Total Liabilities and Stockholders’ Equity | $65,573,935 | $66,254,974 |
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.