Digital Brands Group, Inc.

For the period ended Dec 31, 2025. Filed Apr 15, 2026.

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.

FY2025 · Filed Apr 15, 2026

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

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Contents

Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended
	December 31,
2025 · 2024
Cash flows from operating activities:
Net loss		$(28,252,558)		$(13,106,589)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		2,092,849		2,505,598
Amortization of loan discount and fees		21,900		2,429,591
Change in fair value of share based payment liability		(1,714,790)		-
Impairment of goodwill and intangible assets		5,674,004		1,388,000
Loss on conversion of accounts payable into common stock		31,471		-
Shares issued for services		482,227		312,635
Stock-based compensation		-		169,614
Change in credit reserve		-		(151,611)
Shares issued for loan interest conversion		-		4,950
Non-cash lease expense		-		81,374
Deferred tax expense		-		(119,044)
Changes in operating assets and liabilities:
Accounts receivable, net		(109,916)		30,766
Due from factor		116,749		99,236
Inventory		687,280		1,025,660
Prepaid expenses and other current assets		4,449,087		2,027
Accounts payable		(71,388)		(1,114,242)
Accrued expenses and other liabilities		304,389		498,610
Accrued interest payable		459,428		381,678
Lease liabilities		-		(602,500)
Due to related parties		(41,000)		11,909
Deposits		(6,900)		-
Net cash used in operating activities		(15,877,168)		(6,152,338)
Cash flows from financing activities:
Issuance of loans and note payable		240,000		790,977
Repayments of convertible notes and loan payable		(685,267)		(3,869,422)
Proceeds of issuance of Series D preferred stock, net of issuance costs		11,387,000		-
Proceeds from exercise of warrants		5,807,576		-
Proceeds for issuance of pre-funded warrants		6,642,433		-
Issuance of common stock for cash		-		9,374,441
Net cash provided by financing activities		23,391,742		6,295,996
Net change in cash, cash equivalents, and restricted cash		7,514,574		143,658
Cash, cash equivalents, and restricted cash at beginning of year		164,431		20,773
Cash, cash equivalents, and restricted cash at end of year		$7,679,005		$164,431
Reconciliation of cash and restricted cash:
Cash at beginning of year		$164,431		$20,773
Restricted cash at beginning of year		-		-
Cash and restricted cash at beginning of year		$164,431		$20,773
Cash at end of year		$1,934,831		$164,431
Restricted cash at end of year		5,744,174		-
Cash and restricted cash at end of year		$7,679,005		$164,431
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	-	$	-
Cash paid for interest		$47,000		$1,838,682
Supplemental disclosure of non-cash investing and financing activities:
Issuance of pre-funded warrants for prepaid marketing services		$2,689,656	$	-
Shares issued for prepaid marketing services		$13,229,211	$	-
Non-cash purchase of intangible assets		$2,948,276	$	-
Recognition of share-based payment liability		$11,120,489	$	-
Shares issued for services and conversion of accounts payable		$82,380		$313,816

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