Dolphin Entertainment Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 001-38331 DOLPHIN ENTERTAINMENT, INC.(Exact name of registrant as specified in its charter)——————— 86-0787790(I.R.S. EmployerIdentification No.) Florida(State or other jurisdiction ofincorporation or organization) 150 Alhambra Circle, Suite 1200, Coral Gables, Florida 33134(Address of principal executive offices, including zip code) (305)774-0407(Registrant’s telephone number)——————— Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T (Section232.405 of this chapter) during the preceding 12 months (or for such shorter periodthat the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The number of shares of common stock outstanding was13,017,271as of May 11, 2026. TABLE OF CONTENTS PagePART I — FINANCIAL INFORMATIONITEM 1.FINANCIAL STATEMENTS1Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 (unaudited)1Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025(unaudited)3Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025(unaudited)4Consolidated Statements of Changes in Stockholders’ Equity for the three months ended March 31, 2026and 2025 (unaudited)6Notes to Unaudited Condensed Consolidated Financial Statements7ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS22ITEM 4.CONTROLS AND PROCEDURES32PART II — OTHER INFORMATIONITEM 1.LEGAL PROCEEDINGS34ITEM 1A.RISK FACTORS34ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS34ITEM 3.DEFAULTS UPON SENIOR SECURITIES34ITEM 4MINE SAFETY DISCLOSURES34ITEM 5.OTHER INFORMATION34ITEM 6.EXHIBITS35SIGNATURES36i DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited) The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)(Unaudited) DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited) DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited) DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)(unaudited) SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:Interest paid SUPPLEMENTAL DISCLOSURES OF NON-CASH FLOWS INFORMATION: The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the statements of cash flowsthat sum to the total of the same such amounts shown in the statements of cash flows: The accompanying notes are an integral part of these condensed consolidated financial statements. DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY(unaudited) DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) NOTE 1 – GENERAL Dolphin Entertainment, Inc., a Florida corporation (the “Company,” “Dolphin,” “we,” “us” or “our”), is a leading independententertainment marketing and production company. Through its subsidiaries 42West, LLC (“42West”), The Door Marketing Group,LLC (“The Door”), Shore Fire Media, Ltd (“Shore Fire”), The Digital Dept., LLC (“The Digital Dept.”