Dilution profile // every instrument, one screen, from SEC filings

Dolphin Entertainment, Inc. (DLPN)

CIK 1282224 · all EDGAR filings →

Overall dilution risk
MEDIUMworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
MEDIUM$11.7M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
registered capacity, not remaining: amounts already taken down are not subtracted yet
Overhead supply
LOWwarrants = 10% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW-28% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
LOW~45.4 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2021-04-142026-08-10

Latest: 13.0M shares as of Aug 10, 2026 (10-Q). Share count fell from 118.4M to 7.0M between Mar 31, 2016 and May 23, 2016, a pattern consistent with a reverse split (roughly 1-for-17); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Self-funding

generates cash

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 1.3M underlying shares, as reported Dec 31, 2019 (10-K).

Reported exercise price: $0.41 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 14.3M = 13.0M O/S + 1.3M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Convertible Notes Payable Related Partynot tagged$2.8Mnot tagged
Three Nonconvertible Promissory Notes$2.2Mnot tagged
Convertible Notes Payable 6not tagged$1.6M$1.07
Nonconvertible Promissory Notes$1.1Mnot tagged
Convertible Notes Payable 1not tagged$900,000$4
Five Convertible Promissory Notes$850,000$1.09~779,817 sh
Five Convertible Notes Payablenot tagged$810,000not tagged
Convertible Notes Payable 8not tagged$500,000$1.43
Convertible Notes Payable At Fair Valuenot tagged$500,000not tagged
Convertible Notes Payable 11not tagged$350,000$1.28
Convertible Notes Payable 3not tagged$325,000$1.11
Convertible Notes Payable 10not tagged$200,000$1.04

If every note above converted at its tagged price: ~779,817 new shares on 13.0M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Aug 12, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding13.0MAug 10, 2026
+ Warrants (aggregate, as tagged) (if exercised)1.3MDec 31, 2019
+ Five Convertible Promissory Notes (if fully converted)779,817Jun 30, 2026
Fully diluted estimate15.1M+15.6% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $11.7Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Oct 3, 2025$11.7M registeredfiling →

Last 12 months: 1 executed · 1 registered.

UPDATEDec 23, 2025Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEDec 1, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDOct 3, 2025S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDAug 29, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 7, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDFeb 27, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJan 17, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJul 19, 2024Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDNov 1, 2023Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDOct 30, 2023Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDOct 6, 2023Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEAug 3, 2023SEC declared a registration effective — selling can beginEFFECT

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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