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Midas Edge

Digital Brands Group Inc

For the period ended Dec 31, 2023. Filed Apr 15, 2024.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 15, 2024

DBGI$0.16-19.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ · Series A Convertible · ​ · Series B · ​ · Series C Convertible · ​ · ​ · ​ · ​ · ​ · ​ · Additional · ​ · ​ · ​ · ​ · Total
​ · ​ · Preferred Stock · ​ · Preferred Stock · ​ · Preferred Stock · ​ · Common Stock · ​ · Paid-in · ​ · Accumulated · ​ · Stockholders’
​ · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · Capital · Deficit · Deficit
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​
Balances at December 31, 2021—​​——​—​—​​—​5,201​​1​$58,614,172​$(65,703,954)​$(7,089,781)
Issuance of common stock in public offering—​——​—​—​—​14,956​1​9,347,449​—​9,347,450
Issuance of common stock and exercise of pre-funded warrants in public offering​—​​—​—​—​—​​—​72,727​​7​​9,999,989​​—​​9,999,996
Offering costs—​——​—​—​—​—​—​(2,921,646)​—​(2,921,646)
Common stock issued in connection with business combination—​——​—​—​—​3,636​—​1,000,000​—​1,000,000
Common stock issued pursuant to consulting agreement—​——​—​—​—​30​—​123,000​—​123,000
Warrant and common shares issued with notes—​——​—​—​—​2,400​—​1,368,741​—​1,368,741
Conversion of notes and derivative liability into common stock—​——​—​—​—​79,807​8​11,983,381​—​11,983,389
Conversion of venture debt into Series A convertible preferred stock​6,300​​1​—​—​—​​—​—​​—​​6,299,999​​—​​6,300,000
Stock-based compensation​—​​—​—​—​—​​—​—​​—​​479,038​​—​​479,038
Net loss—​​——​—​—​​—​—​​—​​—​​(38,043,362)​​(38,043,362)
Balances at December 31, 20226,300​​1—​—​—​​—​178,758​​18​​96,294,123​​(103,747,316)​​(7,453,174)
Issuance of common stock pursuant to private placement, net of offering costs​—​——​—​—​—​51,086​5​4,463,071​—​4,463,076
Shares and warrants issued with notes​—​​——​—​—​​—​4,400​​—​​658,494​​—​​658,494
Conversion of notes into preferred stock​—​​—​—​—​5,761​​1​—​​—​​5,759,177​​—​​5,759,177
Issuance of Series B preferred stock​—​​—​1​—​—​​—​—​​—​​25,000​​—​​25,000
Issuance of common stock pursuant to disposition​—​​—​—​—​—​​—​78,103​​8​​1,357,035​​—​​1,357,043
Cancellation of Series B preferred stock​—​​—​(1)​—​—​​—​—​​—​​(25,000)​​—​​(25,000)
Common stock issued for services​—​​—​—​—​—​​—​109,930​​11​​1,656,417​​—​​1,656,428
Exercise of warrants​—​​—​—​—​—​​—​123,814​​12​​1,167,554​​—​​1,167,566
Issuance of common stock pursuant to private placement, net of offering costs​—​​—​—​—​—​​—​513,875​​51​​3,832,254​​—​​3,832,305
Conversion of preference shares into common stock​—​​—​—​—​(975)​​—​54,394​​5​​(5)​​—​​—
Stock-based compensation​—​​—​—​—​—​​—​—​​—​​408,810​​—​​408,810
Net loss​—​​—​—​—​—​​—​—​​—​​—​​(10,247,133)​​(10,247,133)
Balances at December 31, 20236,300​$1—​—​4,786​$1​1,114,359​$110​$115,596,929​$(113,994,449)​$1,602,592
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.