Dolphin Entertainment, Inc.
For the period ended Sep 30, 2026. Filed Nov 10, 2026.
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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.
Sep 30, 2026 · Filed Nov 10, 2026
DLPN$0.93-6.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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FINANCIAL STATEMENTS Condensed Consolidated Balance Sheets as of September 30, 2026 and December 31, 2025 (unaudited)
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current | ||
| Cash and cash equivalents | $8,140,757 | $8,756,585 |
| Restricted cash | 925,004 | 925,004 |
| Accounts receivable: | ||
| Trade, net of allowance of $369,863 and $1,327,808, respectively | 8,754,978 | 7,848,970 |
| Other receivables | 6,007,017 | 5,243,931 |
| Other current assets | 994,414 | 1,179,498 |
| Total current assets | 24,822,170 | 23,953,988 |
| Capitalized production costs, net | 532,908 | 520,338 |
| Employee receivable | 1,228,085 | 1,196,085 |
| Right-of-use assets | 2,084,146 | 3,012,941 |
| Goodwill | 21,507,944 | 21,507,944 |
| Intangible assets, net | 6,329,979 | 7,898,607 |
| Property, equipment and leasehold improvements, net | 316,813 | 50,961 |
| Other long-term assets | 189,151 | 189,296 |
| Total Assets | $57,011,196 | $58,330,160 |
(Continued)
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| LIABILITIES | ||
| Current | ||
| Accounts payable | $4,170,718 | $3,096,715 |
| Term loans, current portion | 1,925,510 | 1,813,760 |
| Revolving line of credit | 400,000 | 400,000 |
| Notes payable, current portion | 3,000,000 | 3,500,000 |
| Convertible notes payable, current portion | — | 1,250,000 |
| Accrued interest – related party | 2,407,175 | 2,043,087 |
| Accrued compensation – related party | 2,625,000 | 2,625,000 |
| Lease liabilities, current portion | 1,278,772 | 1,912,482 |
| Deferred revenue | 302,466 | 794,177 |
| Other current liabilities | 12,771,867 | 11,096,820 |
| Total current liabilities | 28,881,508 | 28,532,041 |
| Noncurrent | ||
| Term loans, noncurrent portion | 2,819,421 | 2,976,930 |
| Notes payable, noncurrent portion | 5,270,000 | 4,580,000 |
| Convertible notes payable | 7,950,000 | 6,460,000 |
| Convertible notes payable – related party | 2,710,584 | 2,904,357 |
| Convertible note payable at fair value | 240,000 | 270,000 |
| Loans from related party | 983,112 | 983,112 |
| Lease liabilities | 1,201,380 | 1,469,386 |
| Deferred tax liability | 492,897 | 463,909 |
| Total Liabilities | 50,548,902 | 48,639,735 |
| Commitments and contingencies (Note 12) | ||
| STOCKHOLDERS’ EQUITY | ||
| Preferred Stock, Series C, $0.001 par value, 50,000 shares authorized, 50,000 shares issued and outstanding at September 30, 2026 and December 31, 2025 | 1,000 | 1,000 |
| Common stock, $0.015 par value, 200,000,000 shares authorized, 13,033,831 and 12,221,432 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively | 195,508 | 183,321 |
| Additional paid-in capital | 159,636,281 | 158,809,301 |
| Accumulated deficit | (153,370,495) | (149,303,197) |
| Total Stockholders’ Equity | 6,462,294 | 9,690,425 |
| Total Liabilities and Stockholders’ Equity | $57,011,196 | $58,330,160 |
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues | $16,020,848 | $14,796,309 | $43,267,935 | $41,053,549 |
| Expenses: | ||||
| Direct costs | 861,875 | 643,931 | 2,674,851 | 1,730,516 |
| Payroll and benefits | 10,918,192 | 10,397,559 | 32,996,097 | 31,004,544 |
| Selling, general and administrative | 1,837,458 | 2,041,440 | 5,682,969 | 5,735,759 |
| Depreciation and amortization | 537,709 | 589,388 | 1,608,951 | 1,772,492 |
| Acquisition cost | — | — | — | 416,171 |
| Legal and professional | 1,042,066 | 815,695 | 2,649,012 | 1,916,351 |
| Total expenses | 15,197,300 | 14,488,013 | 45,611,880 | 42,575,833 |
| Income (loss) from operations | 823,548 | 308,296 | (2,343,945) | (1,522,284) |
| Other (expenses) income, net: | ||||
| Change in fair value of convertible note | 10,000 | (50,000) | 30,000 | 20,000 |
| Loss on extinguishment of debt | — | — | — | (835,324) |
| Interest income | 2,714 | 4,164 | 16,333 | 21,443 |
| Interest expense | (612,301) | (627,954) | (1,740,698) | (1,749,264) |
| Total other (expenses) income, net | (599,587) | (673,790) | (1,694,365) | (2,543,145) |
| Income (loss) before income taxes | 223,961 | (365,494) | (4,038,310) | (4,065,429) |
| Income tax benefit (expense) | 6,316 | — | (28,988) | (43,045) |
| Net income (loss) | $230,277 | $(365,494) | $(4,067,298) | $(4,108,474) |
| Earnings (loss) per share: | ||||
| Basic | $0.02 | $(0.03) | $(0.32) | $(0.36) |
| Diluted | $0.02 | $(0.03) | $(0.32) | $(0.36) |
| Weighted average number of shares outstanding: | ||||
| Basic | 13,029,555 | 11,770,195 | 12,737,967 | 11,370,007 |
| Diluted | 13,093,494 | 11,770,195 | 12,737,967 | 11,370,007 |
** DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIES**
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