Digital Brands Group Inc

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

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$0.19-31.9%Stored close · as of Nov 9, 2026

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Contents

CONSOLIDATED STATEMENTS OF OPERATIONS


· · Year Ended
· · December 31,
· 2023 · 2022
Net revenues	$14,916,422	$13,971,178
Cost of net revenues	8,372,642	8,030,908
Gross profit	6,543,780	5,940,270
Operating expenses:
General and administrative	14,299,389	16,371,536
Sales and marketing	4,035,835	4,950,635
Distribution	1,002,343	611,569
Impairment	—	15,539,332
Change in fair value of contingent consideration	(10,698,475)	564,303
Total operating expenses	8,639,092	38,037,375
Loss from operations	(2,095,312)	(32,097,105)
Other (expense) income:
Interest expense	(5,517,118)	(9,014,337)
Other non-operating (expenses) income	(704,166)	3,068,080
Total other expense, net	(6,221,284)	(5,946,257)
Income tax benefit (provision)	(368,034)	—
Net loss from continuing operations	(8,684,630)	(38,043,362)
(Loss) income from discontinued operations, net of tax	(1,562,503)	—
Net loss	$(10,247,133)	$(38,043,362)

Weighted average common shares outstanding - basic and diluted	424,402	20,852
Net loss from continuing per common share - basic and diluted	$(20.46)	$(1,233.10)

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.