DIGITAL BRANDS GROUP, INC.: 10-K filed 2023-04-17

Name: DIGITAL BRANDS GROUP, INC.: 10-K filed 2023-04-17
Creator: DIGITAL BRANDS GROUP, INC.

What DIGITAL BRANDS GROUP, INC. reported in its annual report filed 2023-04-17 (fiscal FY 2022): 43 published measures, 85 facts as tagged in accession 0001104659-23-046250.

This filing

Form: 10-K (annual report)
Filed: 2023-04-17
Fiscal period: fiscal FY 2022
Accession: 0001104659-23-046250 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All DIGITAL BRANDS GROUP, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2022-12-31	33,738,056	USD
At 2021-12-31	36,485,224	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2022-12-31	41,191,230	USD
At 2021-12-31	43,575,005	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2022-12-31	-7,453,174	USD
At 2021-12-31	-7,089,781	USD
At 2020-12-31	-5,857,645	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2022-12-31	1,283,282	USD
At 2021-12-31	528,394	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-38,043,362	USD	365
2021-01-01 to 2021-12-31	-32,357,957	USD	365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-10,570,889	USD	365
2021-01-01 to 2021-12-31	-14,218,359	USD	365

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	13,971,178	USD	365
2021-01-01 to 2021-12-31	7,584,859	USD	365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	18,639,161	USD	365
2021-01-01 to 2021-12-31	20,181,820	USD	365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-7,313,384	USD	365
2021-01-01 to 2021-12-31	-6,011,053	USD	365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2022-12-31	-103,747,316	USD
At 2021-12-31	-65,703,954	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	771,297	shares	365
2021-01-01 to 2021-12-31	76,289	shares	365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	771,297	shares	365
2021-01-01 to 2021-12-31	76,289	shares	365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	1,100,120	USD	365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2022-12-31	76,657	USD
At 2021-12-31	97,265	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	602,038	USD	365
2021-01-01 to 2021-12-31	4,800,337	USD	365

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-32,097,105	USD	365
2021-01-01 to 2021-12-31	-31,348,658	USD	365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2022-12-31	8,829,394	USD
At 2021-12-31	4,776,334	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	573,455	USD	365
2021-01-01 to 2021-12-31	825,219	USD	365

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2022-12-31	40,893,792	USD
At 2021-12-31	35,047,266	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2022-12-31	8,098,165	USD
At 2021-12-31	6,562,690	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit
At 2022-12-31	10,103,812	USD
At 2021-12-31	18,264,822	USD
At 2020-12-31	6,479,218	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2022-12-31	7,851,623	USD
At 2021-12-31	5,004,393	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	38,037,375	USD	365
2021-01-01 to 2021-12-31	33,216,930	USD	365

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2022-12-31	5,225,282	USD
At 2021-12-31	2,755,358	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	5,940,270	USD	365
2021-01-01 to 2021-12-31	1,868,272	USD	365

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	8,030,908	USD	365
2021-01-01 to 2021-12-31	5,716,587	USD	365

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	16,371,536	USD	365
2021-01-01 to 2021-12-31	16,752,516	USD	365

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2022-12-31	130,018	shares
At 2021-12-31	130,018	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2022-12-31	1,283,282	USD
At 2021-12-31	528,394	USD
At 2020-12-31	575,986	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2022-12-31	96,293,694	USD
At 2021-12-31	58,614,160	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2022-12-31	102,349	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2022-12-31	14,427,503	USD
At 2021-12-31	12,841,313	USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit	Days
At 2022-12-31	202,129	USD
At 2021-12-31	276,397	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-38,043,362	USD	365
2021-01-01 to 2021-12-31	-32,357,957	USD	365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	75,126	USD	365
2021-01-01 to 2021-12-31	92,213	USD	365

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	2,226,376	USD	365
2021-01-01 to 2021-12-31	1,220,736	USD	365

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	2,151,250	USD	365
2021-01-01 to 2021-12-31	1,128,524	USD	365

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-5,946,257	USD	365
2021-01-01 to 2021-12-31	-2,109,419	USD	365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	-1,100,120	USD	365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	734,869	USD	365
2021-01-01 to 2021-12-31	902,089	USD	365

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	8,100,000	USD	365

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	475,036	USD	365
2021-01-01 to 2021-12-31	-150,288	USD	365

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-471,831	USD	365
2021-01-01 to 2021-12-31	911,293	USD	365

Inspect the source

Entity: DIGITAL BRANDS GROUP, INC. / CIK 0001668010
Captured: 2026-09-21T17:24:15.431Z
SEC response SHA-256: 06e2c7f398e0ba2da402c55ac42cc02f092da418aa460b63e484944fe40e61af

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