Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Numerator

Net loss attributable to Dolphin Entertainment common stock shareholders and numerator for basic loss per share

$

(1,605,542

)

$

(1,413,918

)

$

(4,297,576

)

$

(3,742,980

)

Change in fair value of convertible note

—

(50,000

)

—

(70,000

)

Interest expense

—

9,863

—

19,726

Numerator for diluted loss per share

$

(1,605,542

)

$

(1,454,055

)

$

(4,297,576

)

$

(3,793,254

)

Denominator

Denominator for basic EPS - weighted-average shares

12,848,706

11,168,572

12,589,779

11,166,596

Effect of dilutive securities:

Convertible note payable at fair value

—

63,939

—

63,939

Denominator for diluted EPS - adjusted weighted-average shares

12,848,706

11,232,511

12,589,779

11,230,535

Basic loss per share

$

(0.13

)

$

(0.13

)

$

(0.34

)

$

(0.33

)

Diluted loss per share

$

(0.13

)

$

(0.13

)

$

(0.34

)

$

(0.34

)