2024 Q1 Form 10-K Financial Statement

#000107997324000452 Filed on April 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $15.24M $12.02M $43.12M
YoY Change 54.03% 7.93% 6.46%
Cost Of Revenue $2.319M $325.5K $947.0K
YoY Change 959.51% -47.94% -73.45%
Gross Profit $12.92M $11.70M $42.18M
YoY Change 33.54% 11.25% 1405870566.67%
Gross Profit Margin 84.78% 97.29% 97.8%
Selling, General & Admin $1.977M $11.86M $45.91M
YoY Change 5.61% 12.78% 598.63%
% of Gross Profit 15.31% 101.36% 108.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $553.1K $640.8K $2.254M
YoY Change 3.75% 27.51% 694.98%
% of Gross Profit 4.28% 5.48% 5.34%
Operating Expenses $15.07M $12.50M $48.23M
YoY Change 20.98% 0.72% 6.99%
Operating Profit $164.5K -$800.2K -$6.054M
YoY Change -106.41% -57.75% 32.33%
Interest Expense $503.6K -$978.5K -$2.090M
YoY Change 41.52% 1456.6% -476.06%
% of Operating Profit 306.09%
Other Income/Expense, Net -$467.8K -$2.084M
YoY Change 76.99% -1052.42%
Pretax Income -$303.2K -$8.961M -$22.19M
YoY Change -89.39% 195.79% 389.58%
Income Tax $23.54K -$37.74K $53.50K
% Of Pretax Income
Net Earnings -$326.8K -$9.605M -$24.40M
YoY Change -89.0% 192.12% 410.38%
Net Earnings / Revenue -2.14% -79.89% -56.57%
Basic Earnings Per Share -$0.02 -$1.69
Diluted Earnings Per Share -$0.02 -$0.54 -$1.69
COMMON SHARES
Basic Shares Outstanding 18.65M shares 18.14M shares 14.41M shares
Diluted Shares Outstanding 18.61M shares 14.41M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.384M $6.433M $6.433M
YoY Change -18.76% 5.98% 5.98%
Cash & Equivalents $6.384M $6.433M
Short-Term Investments
Other Short-Term Assets $737.6K $1.829M $1.829M
YoY Change -7.96% 249.23% 10.75%
Inventory
Prepaid Expenses
Receivables $14.00M $12.46M $12.46M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $22.25M $20.72M $20.72M
YoY Change -5.57% -13.16% -13.16%
LONG-TERM ASSETS
Property, Plant & Equipment $172.0K $5.794M $5.794M
YoY Change -35.34% 1876.07% -24.11%
Goodwill $25.22M $25.22M
YoY Change -13.97% -13.97%
Intangibles $11.21M
YoY Change 13.41%
Long-Term Investments
YoY Change
Other Assets $216.3K $216.3K $216.3K
YoY Change -90.86% -91.27% -82.34%
Total Long-Term Assets $42.81M $45.53M $45.53M
YoY Change -15.1% -11.61% -11.61%
TOTAL ASSETS
Total Short-Term Assets $22.25M $20.72M $20.72M
Total Long-Term Assets $42.81M $45.53M $45.53M
Total Assets $65.06M $66.25M $66.25M
YoY Change -12.07% -12.1% -12.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.215M $6.892M $6.892M
YoY Change -39.51% 43.64% 43.64%
Accrued Expenses $8.247M $9.083M $9.083M
YoY Change 31.19% 40.98% 3.12%
Deferred Revenue
YoY Change
Short-Term Debt $400.0K $400.0K $400.0K
YoY Change
Long-Term Debt Due $1.022M $4.532M $4.532M
YoY Change 149.79% 1008.23% 5.93%
Total Short-Term Liabilities $25.74M $27.45M $27.45M
YoY Change 8.24% 8.57% 8.57%
LONG-TERM LIABILITIES
Long-Term Debt $15.14M $14.53M $14.53M
YoY Change 542.55% 490.83% 53.56%
Other Long-Term Liabilities $18.92K $4.011M $4.011M
YoY Change 0.0% 21103.81% -36.18%
Total Long-Term Liabilities $18.92K $18.54M $18.54M
YoY Change -99.2% 648.2% 17.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.74M $27.45M $27.45M
Total Long-Term Liabilities $18.92K $18.54M $18.54M
Total Liabilities $44.79M $46.30M $46.30M
YoY Change 5.98% 12.14% 12.14%
SHAREHOLDERS EQUITY
Retained Earnings -$133.9M -$133.6M
YoY Change 19.39% 22.34%
Common Stock $280.0K $273.3K
YoY Change 47.81% 47.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.27M $19.96M $19.96M
YoY Change
Total Liabilities & Shareholders Equity $65.06M $66.25M $66.25M
YoY Change -12.07% -12.1% -12.1%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$326.8K -$9.605M -$24.40M
YoY Change -89.0% 192.12% 410.38%
Depreciation, Depletion And Amortization $553.1K $640.8K $2.254M
YoY Change 3.75% 27.51% 694.98%
Cash From Operating Activities -$983.2K -$124.5K -$4.617M
YoY Change -30.99% -68.3% 14.65%
INVESTING ACTIVITIES
Capital Expenditures $7.110K $29.00K
YoY Change -8.14% -59.83%
Acquisitions
YoY Change
Other Investing Activities -$4.508M -$4.508M
YoY Change -4.87% -42.55%
Cash From Investing Activities -$4.515M -$4.537M
YoY Change -4.88% -42.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.003M
YoY Change 39.43%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $935.0K 2.070M 9.517M
YoY Change -70.91% -69.31% -12.8%
NET CHANGE
Cash From Operating Activities -$983.2K -124.5K -4.617M
Cash From Investing Activities -4.515M -4.537M
Cash From Financing Activities $935.0K 2.070M 9.517M
Net Change In Cash -$48.27K -2.570M 362.8K
YoY Change -102.7% -260.13% -135.13%
FREE CASH FLOW
Cash From Operating Activities -$983.2K -$124.5K -$4.617M
Capital Expenditures $7.110K $29.00K
Free Cash Flow -$131.6K -$4.646M
YoY Change -67.14% 13.34%

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CY2023 dlpn Issuance Of Shares Related To Conversion Of Notes Payable
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CY2022 dlpn Issuance Of Shares Related To Conversion Of Notes Payable
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CY2023 dlpn Issuance Of Shares Of Common Stock Related To Acquisitions See Note4
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CY2022 dlpn Issuance Of Shares Of Common Stock Related To Acquisitions See Note4
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CY2022 dlpn Receipt Of Crafthouse Equity In Connection With Marketing Agreement
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CY2022 dlpn Cash And Cash Equivalents
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CY2022 dlpn Restricted Cash1
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CY2022 dlpn Total Cash Cash Equivalents And Restricted Cash Shown In Consolidated Statement Of Cash Flows
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CY2022 dlpn Issuance Of Shares To Lincoln Park Capital Llc
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CY2022 dlpn Issuance Of Shares To Sellers Of Door Marketing Group Llc For Earnout Consideration
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CY2022 dlpn Issuance Of Shares To Seller Of Bhi Communication Inc For Earnout Consideration
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CY2023 dlpn Issuance Of Shares Related To Employment Agreements
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CY2023 dlpn Issuance Of Shares Related To Special Projects Media Llc Acquisition
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CY2023 dlpn Asset Acquisition Of Glowlab Collective Llc
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CY2023 dlpn Issuance Of Shares Through Offering Pursuant To Registration Statement On Form S3
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CY2023Q4 us-gaap Stockholders Equity
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CY2023 us-gaap Use Of Estimates
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<p id="xdx_840_eus-gaap--UseOfEstimates_z7abSD5kq0W6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline"><span id="xdx_867_zi6FgoVwC1yh">Use of Estimates</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The most significant estimates made by management in the preparation of the financial statements relate to the estimates in the fair value of acquisitions, estimates in assumptions used to calculate the fair value of certain liabilities and impairment assessments for investment in capitalized production costs, goodwill and long-lived assets. Actual results could differ materially from such estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p>
CY2023Q4 us-gaap Restricted Cash
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CY2022Q4 us-gaap Restricted Cash
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CY2023 us-gaap Receivable With Imputed Interest Due Dates
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2024-06-01
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Marketable Securities
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CY2023Q4 us-gaap Nontrade Receivables
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CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Marketable Securities
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CY2022Q4 us-gaap Nontrade Receivables
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CY2023Q4 us-gaap Contract With Customer Liability
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CY2023 dlpn Capitalized Production Costs Policy Textblock
CapitalizedProductionCostsPolicyTextblock
<p id="xdx_84E_ecustom--CapitalizedProductionCostsPolicyTextblock_zrVEfDQKS6Ef" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline"><span id="xdx_863_zM2w2IAhn6Ng">Capitalized Production Costs</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Capitalized production costs include the Company’s investment in the production costs of the <i>Blue Angels</i>, the first co-produced, co-financed deal under the IMAX Corporation (“IMAX”) agreement discussed further in Note 25. Capitalized production costs also include the costs of scripts for projects that have not been produced and are in various stages of development. Capitalized productions costs are initially recorded at cost that is also deemed to be its fair value and reviewed at each balance sheet date for impairment. Whenever the carrying amount is determined to be above the fair value, the capitalized production cost is impaired.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2023 us-gaap Finitelived Intangible Assets Acquired1
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CY2023 dlpn Schedule Of Useful Life Of Property And Equipment Table Textblock
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<table cellpadding="0" cellspacing="0" id="xdx_887_ecustom--ScheduleOfUsefulLifeOfPropertyAndEquipmentTableTextblock_zv3YSVW47mxh" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Details - Useful lives for property and equipment)"> <tr style="vertical-align: top"> <td><span id="xdx_8B9_zkeTb8GpXd19" style="display: none">Schedule of estimated useful lives for property and equipment</span> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; width: 71%"><span style="font-size: 8pt"><b>Asset Category</b></span></td> <td style="width: 1%"> </td> <td style="border-bottom: black 1pt solid; width: 28%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Depreciation/Amortization Period</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(Years)</b></p></td></tr> <tr style="vertical-align: top; background-color: #CCEEFF"> <td>Furniture and fixtures </td> <td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20231231__srt--RangeAxis__srt--MinimumMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zml6wxyrGcpl" title="Useful lives of property and equipment">5</span> - <span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20231231__srt--RangeAxis__srt--MaximumMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_z9HYOTMkl5Ef" title="Useful lives of property and equipment">7</span></td></tr> <tr style="vertical-align: top"> <td>Computers, office equipment and software </td> <td> </td> <td style="text-align: center"><span id="xdx_90A_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20231231__srt--RangeAxis__srt--MinimumMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_zRxEaZYgaCtb" title="Useful lives of property and equipment">3</span> - <span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20231231__srt--RangeAxis__srt--MaximumMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_z84BysOPwu03" title="Useful lives of property and equipment">5</span></td></tr> <tr style="vertical-align: top; background-color: #CCEEFF"> <td>Leasehold improvements </td> <td> </td> <td style="text-align: center"><span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20231231__srt--RangeAxis__srt--MinimumMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zd57gfApW0Sh" title="Useful lives of property and equipment">5</span> - <span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20231231__srt--RangeAxis__srt--MaximumMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zGKXPc1wxf37" title="Useful lives of property and equipment">8</span>, not to exceed the lease terms</td></tr> </table>
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CY2022 us-gaap Contract With Customer Liability Revenue Recognized
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CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_845_eus-gaap--ConcentrationRiskCreditRisk_zuJORsdtgd1d" style="font: 10pt/11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline"><span id="xdx_86E_zE5XuL73fvN6">Concentration of Risk</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company maintains its cash and cash equivalents with financial institutions, which at times, may exceed federally insured limits. The Company has not incurred any losses on these accounts.  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline"></span></p>
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84E_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zjFhAzF8ZtSb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline"><span id="xdx_86C_zihYR3NOvyT1">Reclassification</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Certain prior year amounts have been reclassified to conform with current year presentation. These reclassifications had no impact on the Company’s condensed consolidated statements of operations or condensed consolidated statements of cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p>
CY2023 us-gaap Revenues
Revenues
43123075 usd
CY2022 us-gaap Revenues
Revenues
40505558 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1641459 usd
CY2023 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
45531713 usd
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
49026922 usd
CY2023 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-23920630 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-4519085 usd
CY2021Q4 us-gaap Goodwill
Goodwill
20021357 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
10199063 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
906337 usd
CY2022Q4 us-gaap Goodwill
Goodwill
29314083 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
5579547 usd
CY2023 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-189330 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
9484215 usd
CY2023Q4 us-gaap Goodwill
Goodwill
25220085 usd
CY2023 us-gaap Goodwill Impairment Loss Net Of Tax
GoodwillImpairmentLossNetOfTax
6517400 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2966815 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
906337 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
22130970 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10921306 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11209664 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
18680000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8795664 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9884336 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6142067 usd
CY2022 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
5210000 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
-1467731 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9884336 usd
CY2023 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
3740000 usd
CY2023 dlpn Intangible Assets From Glowlab Acquisition
IntangibleAssetsFromGlowlabAcquisition
52387 usd
CY2023 us-gaap Adjustment For Amortization
AdjustmentForAmortization
-2125642 usd
CY2023 dlpn Impairment Of Intangible Asset Finitelived
ImpairmentOfIntangibleAssetFinitelived
-341417 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11209664 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2097197 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1967328 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1849969 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1212087 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
906162 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3176921 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11209664 usd
CY2023 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
74412 usd
CY2022 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
87323 usd
CY2023Q4 us-gaap Film Costs
FilmCosts
2295275 usd
CY2022Q4 us-gaap Film Costs
FilmCosts
1598412 usd
CY2023Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
1232798 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
933618 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
3075480 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2288986 usd
CY2023Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
784403 usd
CY2022Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
505424 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5092681 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3728028 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4898458 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3434822 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
194223 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
293206 usd
CY2023 us-gaap Depreciation
Depreciation
230626 usd
CY2022 us-gaap Depreciation
Depreciation
283480 usd
CY2023Q4 dlpn Accrued Funding Under Max Steel Production Agreement
AccruedFundingUnderMaxSteelProductionAgreement
620000 usd
CY2022Q4 dlpn Accrued Funding Under Max Steel Production Agreement
AccruedFundingUnderMaxSteelProductionAgreement
620000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
310797 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
573049 usd
CY2023Q4 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
697106 usd
CY2022Q4 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
702410 usd
CY2023Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
971276 usd
CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
469953 usd
CY2023Q4 dlpn Talent Liability
TalentLiability
2983577 usd
CY2022Q4 dlpn Talent Liability
TalentLiability
3990984 usd
CY2023Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
432552 usd
CY2022Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
550930 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1678806 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
719510 usd
CY2023Q4 dlpn Total Other Current Liabilities
TotalOtherCurrentLiabilities
7694114 usd
CY2022Q4 dlpn Total Other Current Liabilities
TotalOtherCurrentLiabilities
7626836 usd
CY2023Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
5100000 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
5050000 usd
CY2023Q4 dlpn Convertible Note Payable Fair Value Option
ConvertibleNotePayableFairValueOption
355000 usd
CY2022Q4 dlpn Convertible Note Payable Fair Value Option
ConvertibleNotePayableFairValueOption
343556 usd
CY2023Q4 dlpn Nonconvertible Promissory Notes
NonconvertiblePromissoryNotes
3880000 usd
CY2022Q4 dlpn Nonconvertible Promissory Notes
NonconvertiblePromissoryNotes
1368960 usd
CY2023Q4 dlpn Nonconvertible Promissory Notes Socialyte
NonconvertiblePromissoryNotesSocialyte
3000000 usd
CY2022Q4 dlpn Nonconvertible Promissory Notes Socialyte
NonconvertiblePromissoryNotesSocialyte
3000000 usd
CY2023Q4 dlpn Loans From Related Party See Note9
LoansFromRelatedPartySeeNote9
1107873 usd
CY2022Q4 dlpn Loans From Related Party See Note9
LoansFromRelatedPartySeeNote9
1107873 usd
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
400000 usd
CY2023Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
5482614 usd
CY2022Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
2867592 usd
CY2023Q4 us-gaap Debt Current
DebtCurrent
19325487 usd
CY2022Q4 us-gaap Debt Current
DebtCurrent
13737981 usd
CY2023Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
4880651 usd
CY2022Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
4277697 usd
CY2023Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
14444836 usd
CY2022Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
9460284 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4497473 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2633866 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
4034180 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
3826631 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
3243244 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
915000 usd
CY2023 us-gaap Payments For Loans
PaymentsForLoans
479745 usd
CY2023 us-gaap Short Term Debt Refinanced Amount
ShortTermDebtRefinancedAmount
158316 usd
CY2023 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0550 pure
CY2023Q4 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.0075 pure
CY2023 dlpn Prepayment Penalty
PrepaymentPenalty
79286 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
91859 usd
CY2023Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
5100000 usd
CY2023Q4 dlpn Convertible Notes Payable Fair Value
ConvertibleNotesPayableFairValue
5100000 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
5050000 usd
CY2022Q4 dlpn Convertible Notes Payable Fair Value
ConvertibleNotesPayableFairValue
5050000 usd
CY2023Q4 us-gaap Convertible Debt
ConvertibleDebt
1000000 usd
CY2023 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.10 pure
CY2023Q4 us-gaap Share Price
SharePrice
2.00
CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
50000 usd
CY2022Q1 dlpn Debt Current Repaid
DebtCurrentRepaid
200000 usd
CY2023 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
118960 usd
CY2022 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
107684 usd
CY2023 us-gaap Interest Expense Other
InterestExpenseOther
338843 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
97468 usd
CY2023 us-gaap Interest Paid
InterestPaid
308044 usd
CY2022 us-gaap Interest Paid
InterestPaid
95318 usd
CY2023 dlpn Socialyte Promissory Note Amount
SocialytePromissoryNoteAmount
3000000 usd
CY2023Q2 dlpn Socialyte Promissory Note Amount
SocialytePromissoryNoteAmount
1500000 usd
CY2023Q3 dlpn Socialyte Promissory Note Amount
SocialytePromissoryNoteAmount
1500000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5100000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4875000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5050000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4865000 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023 dlpn Preferred Stock Description
PreferredStockDescription
An Eligible Class C Preferred Stock Holder means any of (i) DE LLC for so long as Mr. O’Dowd continues to beneficially own at least 90% and serves on the board of directors or other governing entity, (ii) any other entity in which Mr. O’Dowd beneficially owns more than 90%, or a trust for the benefit of others, for which Mr. O’Dowd serves as trustee and (iii) Mr. O’Dowd individually.
CY2023 us-gaap Gross Profit
GrossProfit
3000000 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2023 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
1150000 shares
CY2023 dlpn Proceeds From Lincoln Park Equity Line
ProceedsFromLincolnParkEquityLine
2162150 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-24396725 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4780135 usd
CY2023 dlpn Net Loss Attributable To Dolphin Entertainment Stockholders
NetLossAttributableToDolphinEntertainmentStockholders
-24396725 usd
CY2022 dlpn Net Loss Attributable To Dolphin Entertainment Stockholders
NetLossAttributableToDolphinEntertainmentStockholders
-4780135 usd
CY2022 dlpn Change In Fair Value Of Convertible Notes Payable
ChangeInFairValueOfConvertibleNotesPayable
-654579 usd
CY2022 dlpn Change In Fair Value Of Warrants
ChangeInFairValueOfWarrants
-120000 usd
CY2022 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
39452 usd
CY2023 dlpn Numerator For Diluted Loss Earnings Per Share
NumeratorForDilutedLossEarningsPerShare
-24396725 usd
CY2022 dlpn Numerator For Diluted Loss Earnings Per Share
NumeratorForDilutedLossEarningsPerShare
-5515262 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14413154 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9799021 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14413154 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9926926 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.69
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.49
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.69
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.56
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
9484215 usd
CY2023 dlpn Impairments Of Intangible Asset Finitelived
ImpairmentsOfIntangibleAssetFinitelived
341417 usd
CY2023 dlpn Impaired Equity Investments
ImpairedEquityInvestments
955442 usd
CY2023 us-gaap Revenues
Revenues
43123075 usd
CY2022 us-gaap Revenues
Revenues
40505558 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-20110497 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-4575142 usd
CY2023 dlpn Interest Expense Net
InterestExpenseNet
-2082230 usd
CY2022 dlpn Interest Expense Net
InterestExpenseNet
-555802 usd
CY2023 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1444 usd
CY2022 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
774579 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-22194171 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-4356365 usd
CY2023Q4 us-gaap Assets
Assets
66254974 usd
CY2022Q4 us-gaap Assets
Assets
75376832 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5161523 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-853835 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1600131 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-292832 usd
CY2023 dlpn Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
-6761654 usd
CY2022 dlpn Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
-1146667 usd
CY2023 dlpn Change In Valuation Allowance Federal
ChangeInValuationAllowanceFederal
5184815 usd
CY2022 dlpn Change In Valuation Allowance Federal
ChangeInValuationAllowanceFederal
881436 usd
CY2023 dlpn Change In Valuation Allowance State
ChangeInValuationAllowanceState
1630343 usd
CY2022 dlpn Change In Valuation Allowance State
ChangeInValuationAllowanceState
442212 usd
CY2023 dlpn Change In Valuation Allowance For Taxes
ChangeInValuationAllowanceForTaxes
6815158 usd
CY2022 dlpn Change In Valuation Allowance For Taxes
ChangeInValuationAllowanceForTaxes
1323648 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53504 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
176981 usd
CY2023Q4 dlpn Deferred Tax Assets Accrued Expenses
DeferredTaxAssetsAccruedExpenses
1319752 usd
CY2022Q4 dlpn Deferred Tax Assets Accrued Expenses
DeferredTaxAssetsAccruedExpenses
815951 usd
CY2023Q4 dlpn Deferred Tax Assets Irc
DeferredTaxAssetsIrc
1405195 usd
CY2022Q4 dlpn Deferred Tax Assets Irc
DeferredTaxAssetsIrc
1047643 usd
CY2023Q4 dlpn Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
1696189 usd
CY2022Q4 dlpn Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
2190548 usd
CY2023Q4 dlpn Deferred Tax Assets Accrued Compensation
DeferredTaxAssetsAccruedCompensation
711164 usd
CY2022Q4 dlpn Deferred Tax Assets Accrued Compensation
DeferredTaxAssetsAccruedCompensation
701205 usd
CY2023Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
4557382 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
2139179 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
417380 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
160939 usd
CY2023Q4 dlpn Deferred Tax Assets Capitalized Production Costs
DeferredTaxAssetsCapitalizedProductionCosts
541025 usd
CY2022Q4 dlpn Deferred Tax Assets Capitalized Production Costs
DeferredTaxAssetsCapitalizedProductionCosts
520866 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
15398216 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
13986154 usd
CY2023Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
1890966 usd
CY2022Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
66860 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
27937269 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
21629345 usd
CY2023Q4 dlpn Deferred Tax Liabilities Fixed Assets
DeferredTaxLiabilitiesFixedAssets
-18531 usd
CY2022Q4 dlpn Deferred Tax Liabilities Fixed Assets
DeferredTaxLiabilitiesFixedAssets
-506 usd
CY2023Q4 dlpn Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
-1517079 usd
CY2022Q4 dlpn Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
-1988834 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1535610 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1989340 usd
CY2023Q4 dlpn Subtotal
Subtotal
26401659 usd
CY2022Q4 dlpn Subtotal
Subtotal
19640005 usd
CY2023Q4 dlpn Deferred Tax Assets Valuation Allowances
DeferredTaxAssetsValuationAllowances
-26708350 usd
CY2022Q4 dlpn Deferred Tax Assets Valuation Allowances
DeferredTaxAssetsValuationAllowances
-19893193 usd
CY2023Q4 dlpn Deferred Income Taxes Liabilities Net
DeferredIncomeTaxesLiabilitiesNet
-306691 usd
CY2022Q4 dlpn Deferred Income Taxes Liabilities Net
DeferredIncomeTaxesLiabilitiesNet
-253188 usd
CY2023Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
111785071 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
26708350 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
19893193 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210 pure
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CY2023Q4 us-gaap Operating Lease Liability Noncurrent
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CY2023 us-gaap Line Of Credit Facility Description
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On July 24, 2018, the Company renewed the letter of credit issued by City National Bank for the 42West office space in New York. The original letter of credit was for $677,354 and originally expired on August 1, 2018. This letter of credit renews automatically annually unless City National Bank notifies the landlord 60 days prior to the expiration of the Bank’s election not to renew the letter of credit. In connection with the annual renewal in 2021, the letter of credit was reduced to $541,883. The Company granted City National Bank a security interest in bank account funds totaling $541,883 pledged as collateral for the letter of credit. The letter of credit commits the issuer to pay specified amounts to the holder of the letter of credit under certain conditions. If this were to occur, the Company would be required to reimburse the issuer of the letter of credit. In connection with the annual renewal in 2023, the letter of credit was further reduced to $338,677.
CY2023 us-gaap Employee Stock Ownership Plan Esop Tax Benefit Of Dividends Paid To Plan
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CY2022 us-gaap Employee Stock Ownership Plan Esop Tax Benefit Of Dividends Paid To Plan
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