secwatch.observer — SEC 8-K summary
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Issuer:     Dolphin Entertainment, Inc. (DLPN)
CIK:        0001282224
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001553350-22-000424
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282224/000155335022000424/0001553350-22-000424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282224/000155335022000424/dlpn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000424

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer