---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-22-000424"
form_type: "8-K"
ticker: "DLPN"
cik: "0001282224"
company_name: "Dolphin Entertainment, Inc."
filed_at: "2022-05-10T23:59:59+00:00"
generated_at: "2026-06-25T21:29:51.551370+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Dolphin restates Q3 2021 financials on classification error; operating loss revised from $38k profit to $1.07M loss

## Summary
- Error: change in fair value of contingent consideration misclassified as non-operating expense instead of operating income/loss.
- 3 months ended Sep 30, 2021: income from operations restated from $38,289 to loss of $1,071,711.
- 9 months ended Sep 30, 2021: loss from operations restated from $1,100,358 to $2,410,358.
- No impact on net income/loss, EPS, balance sheet, accumulated deficit, or cash flows.
- Audit Committee and management determined non-reliance on May 4, 2022; discussed with independent accountant BDO USA LLP.

## SEC filing metadata
- accession: 0001553350-22-000424
- form_type: 8-K
- ticker: DLPN
- cik: 0001282224
- company_name: Dolphin Entertainment, Inc.
- filed_at: 2022-05-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282224/000155335022000424/0001553350-22-000424-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282224/000155335022000424/dlpn_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-22-000424
- JSON: https://secwatch.observer/filing/0001553350-22-000424.json
- Plain text: https://secwatch.observer/filing/0001553350-22-000424.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.