Digital Brands Group, Inc.
For the period ended Dec 31, 2024. Filed Apr 9, 2025.
View on SEC.govAbout this filing
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FY2024 · Filed Apr 9, 2025
DBGI$0.19-31.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $164,431 | $20,773 |
| Accounts receivable, net | 44,067 | 74,833 |
| Due from factor, net | 390,186 | 337,811 |
| Inventory | 3,823,940 | 4,849,600 |
| Prepaid expenses and other current assets | 274,643 | 276,670 |
| Total current assets | 4,697,267 | 5,559,687 |
| Property, equipment and software, net | 24,089 | 55,509 |
| Goodwill | 8,973,501 | 8,973,501 |
| Intangible assets, net | 6,120,039 | 9,982,217 |
| Deposits | 75,431 | 75,431 |
| Right of use asset | - | 689,688 |
| Total assets | $19,890,327 | $25,336,033 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $6,424,661 | $7,538,902 |
| Accrued expenses and other liabilities | 5,257,102 | 4,758,492 |
| Due to related parties | 411,921 | 400,012 |
| Convertible note payable, net | 100,000 | 100,000 |
| Accrued interest payable | 2,328,078 | 1,996,753 |
| Loan payable, current | 2,798,116 | 2,325,842 |
| Promissory note payable, net | 3,500,000 | 4,884,592 |
| Right of use liability, current portion | - | 1,210,814 |
| Total current liabilities | 20,819,878 | 23,215,407 |
| Loan payable | 150,000 | 150,000 |
| Deferred tax liability | 248,990 | 368,034 |
| Total liabilities | 21,218,868 | 23,733,441 |
| Commitments and contingencies | - | - |
| Stockholders’ equity (deficit): | ||
| Undesignated preferred stock, $0.0001 par, 10,000,000 shares authorized, 0 shares issued and outstanding as of both December 31, 2024 and December 31, 2023 | - | - |
| Series A convertible preferred stock, $0.0001 par, 6,300 shares designated, 6,300 shares issued and outstanding as of both December 31, 2024 and December 31, 2023 | 1 | 1 |
| Series C convertible preferred stock, $0.0001 par, 1,344 and 4,786 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | 1 | 1 |
| Common stock, $0.0001 par, 1,000,000,000 shares authorized, 838,584 and 22,285 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | 83 | 110 |
| Additional paid-in capital | 125,772,412 | 115,596,929 |
| Accumulated deficit | (127,101,038) | (113,994,449) |
| Total stockholders’ equity (deficit) | (1,328,541) | 1,602,592 |
| Total liabilities and stockholders’ equity (deficit) | $19,890,327 | $25,336,033 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.