Dolphin Entertainment, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Dolphin Entertainment, Inc. has filed its 2023 10-K, detailing financial performance and asset valuations for the fiscal year ending December 31, 2023.</b>

AI Summary

Dolphin Entertainment, Inc. (DLPN) filed a Annual Report (10-K) with the SEC on April 1, 2024. Dolphin Entertainment, Inc. filed its 2023 Form 10-K on April 1, 2024, reporting on the fiscal year ending December 31, 2023. The filing includes financial data for the fiscal years 2023, 2022, and 2021. Key financial statement components such as preferred stock, common stock, additional paid-in capital, and retained earnings are detailed for these periods. The report references specific agreements and members, including Peblo LLC and Ms. Lundberg, within the context of the 2023 fiscal year. Valuation ranges for intangible assets like customer relationships, trademarks, noncompete agreements, and furniture and fixtures are provided as of December 31, 2023.

Why It Matters

For investors and stakeholders tracking Dolphin Entertainment, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Dolphin Entertainment's financial health and operational details for the past fiscal year, crucial for investors assessing the company's performance and future prospects. The detailed breakdown of financial statements and asset valuations offers insights into the company's asset base and equity structure, which are important for understanding its financial standing and potential for growth or risk.

Risk Assessment

Risk Level: medium — Dolphin Entertainment, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which typically contains a broad range of information, but without specific financial results or forward-looking statements in this header, the immediate risk assessment is moderate.

Analyst Insight

Investors should review the full 10-K filing to understand Dolphin Entertainment's financial performance, strategic initiatives, and risk factors for the 2023 fiscal year.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report.)
• 2024-04-01 — Filing Date (Date the 10-K was filed.)

Key Players & Entities

• Dolphin Entertainment, Inc. (company) — Filer of the 10-K report.
• 2023 (date) — Fiscal year end date for the report.
• 2024-04-01 (date) — Filing date of the 10-K.
• Peblo LLC (company) — Mentioned in relation to fiscal year 2023 activities.
• Ms. Lundberg (person) — Mentioned in relation to fiscal year 2023 activities.

FAQ

Industry Context

Dolphin Entertainment operates within the personal services industry, focusing on entertainment and media.

Regulatory Implications

As a publicly traded company, Dolphin Entertainment is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of annual reports on Form 10-K.

What Investors Should Do

1. Thoroughly review the complete 10-K filing for detailed financial statements, management's discussion and analysis, and risk factors.
2. Analyze the company's asset valuations, particularly intangible assets, to understand their contribution to the balance sheet.
3. Investigate the specific agreements and entities mentioned (e.g., Peblo LLC, Ms. Lundberg) to understand their impact on the company's operations and financial results.

Key Dates

• 2023-12-31: Fiscal Year End — The period covered by the annual report.
• 2024-04-01: 10-K Filing Date — Date Dolphin Entertainment, Inc. submitted its annual report.

Year-Over-Year Comparison

This filing represents the annual report for the fiscal year 2023, providing updated financial and operational information compared to previous filings.

Key Financial Figures

• $0.015 — nge on which registered Common Stock, $0.015 par value per share DLPN The Nasdaq C

Filing Documents

• dlpn_10k.htm (10-K) — 1724KB
• ex21x1.htm (EX-21.1) — 3KB
• ex23x1.htm (EX-23.1) — 2KB
• dlpn_ex31x1.htm (EX-31.1) — 7KB
• dlpn_ex31x2.htm (EX-31.2) — 8KB
• dlpn_ex32x1.htm (EX-32.1) — 5KB
• dlpn_ex32x2.htm (EX-32.2) — 4KB
• 0001079973-24-000452.txt (&nbsp;) — 10725KB
• dlpn-20231231.xsd (EX-101.SCH) — 114KB
• dlpn-20231231_cal.xml (EX-101.CAL) — 98KB
• dlpn-20231231_def.xml (EX-101.DEF) — 410KB
• dlpn-20231231_lab.xml (EX-101.LAB) — 677KB
• dlpn-20231231_pre.xml (EX-101.PRE) — 624KB
• dlpn_10k_htm.xml (XML) — 1678KB

BUSINESS

Item 1. BUSINESS 1

RISK FACTORS

Item 1A. RISK FACTORS 6

UNRESOLVED STAFF COMMENTS

Item 1B. UNRESOLVED STAFF COMMENTS 13

CYBERSECURITY

Item 1C. CYBERSECURITY 13

PROPERTIES

Item 2. PROPERTIES 13

LEGAL PROCEEDINGS

Item 3. LEGAL PROCEEDINGS 13

MINE SAFETY DISCLOSURES

Item 4. MINE SAFETY DISCLOSURES 13 PART II

MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 14

[RESERVED]

Item 6. [RESERVED] 14

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 14

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 29

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 30

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 30

CONTROLS AND PROCEDURES

Item 9A. CONTROLS AND PROCEDURES 30

OTHER INFORMATION

Item 9B. OTHER INFORMATION 32

DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

Item 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 32 PART III

DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE

Item 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE 33

EXECUTIVE COMPENSATION

Item 11. EXECUTIVE COMPENSATION 33

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 33

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 33

PRINCIPAL ACCOUNTING FEES AND SERVICES

Item 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 33 PART IV

EXHIBIT AND FINANCIAL STATEMENT SCHEDULES

Item 15. EXHIBIT AND FINANCIAL STATEMENT SCHEDULES 34

FORM 10-K SUMMARY

Item 16. FORM 10-K SUMMARY 35

SIGNATURES

SIGNATURES 36 i SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements in this Form 10-K contain "forward-looking Act", and Section 21E of the Securities Exchange Act of 1934, as amended, or the "Exchange Act", which are subject to the "safe harbor" created by those sections. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and intentions and are not historical facts and typically are identified by use of terms such as "may," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue," "will," "would" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those in the forward-looking statements. Specifically, this Form 10-K contains forward-looking the effects of a challenging economy on the demand for our marketing services, on our clients' financial condition and our business or financial condition; risks associated with assumptions we make in connection with our critical accounting estimates, including changes in assumptions associated with any effects of a weakened economy; potential adverse effects if we are required to recognize impairment charges or other adverse accounting-related developments; our expectations regarding the potential benefits and synergies we can derive from our acquisitions; our expectations to offer clients a broad array of interrelated services, the impact of such strategy on our future profitability and growth and our belief regarding our resulting market position; our beliefs regarding our competitive advan

BUSINESS

ITEM 1. BUSINESS Overview We are a leading independent entertainment marketing and production company. Through our subsidiaries, 42West LLC ("42West"), The Door Marketing Group LLC ("The Door"), Shore Fire Media, Ltd ("Shore Fire"), Viewpoint Computer Animation, Inc. ("Viewpoint"), Be Social Public Relations, LLC ("Be Social"), B/HI Communications, Inc. ("B/HI"), The Digital Dept, LLC ("The Digital Dept.") formerly known as Socialyte LLC ("Socialyte") and Special Projects Media, LLC ("Special Projects") we provide expert strategic marketing and publicity services to many of the top brands, both individual and corporate, in the motion picture, television, music, gaming, culinary, hospitality and lifestyle industries. 42West (Film and Television, Gaming), Shore Fire (Music), and The Door (Culinary, Hospitality, Lifestyle) are each recognized global PR and marketing leaders for the industries they serve. (B/HI is considered a division of 42West throughout the rest of our discussion.) Viewpoint adds full-service creative branding and production capabilities to our marketing group. Be Social and Socialyte, collectively rebranded as The Digital Dept., provides influencer marketing capabilities through divisions dedicated to influencer talent management, brand campaign strategy and execution, and influencer event ideation and production. Special Projects is the entertainment industry's leading celebrity booking firm, specializing in uniting brands and events with celebrities and influencers across the entertainment, media, fashion, consumer product and tech industries. Dolphin's legacy content production business, founded by our Emmy-nominated Chief Executive Officer, Bill O'Dowd, has produced multiple feature films and award-winning digital series, primarily aimed at family and young adult markets. We were first incorporated in the State of Nevada on March 7, 1995 and domesticated in the State of Florida on December 4, 2014. Our common stock trades on The Nasdaq Capi

View Full Filing

View this 10-K filing on SEC EDGAR