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Digital Brands Group, Inc. – ‘10-K’ for 12/31/23 – ‘EX-23.1’

On:  Monday, 4/15/24, at 5:20pm ET   ·   For:  12/31/23   ·   Accession #:  1104659-24-47365   ·   File #:  1-40400

Previous ‘10-K’:  ‘10-K’ on 4/17/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing   ·   23 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/15/24  Digital Brands Group, Inc.        10-K       12/31/23  111:36M                                    Toppan Merrill/FA

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.67M 
 2: EX-10.40    Material Contract                                   HTML     83K 
 3: EX-10.41    Material Contract                                   HTML     84K 
 4: EX-10.42    Material Contract                                   HTML     84K 
 5: EX-10.43    Material Contract                                   HTML     84K 
 6: EX-10.44    Material Contract                                   HTML     83K 
 7: EX-23.1     Consent of Expert or Counsel                        HTML     31K 
 8: EX-23.2     Consent of Expert or Counsel                        HTML     30K 
 9: EX-31.1     Certification -- §302 - SOA'02                      HTML     35K 
10: EX-31.2     Certification -- §302 - SOA'02                      HTML     35K 
11: EX-32.1     Certification -- §906 - SOA'02                      HTML     32K 
12: EX-32.2     Certification -- §906 - SOA'02                      HTML     32K 
18: R1          Document and Entity Information                     HTML    108K 
19: R2          Consolidated Balance Sheets                         HTML    171K 
20: R3          Consolidated Balance Sheets (Parenthetical)         HTML     59K 
21: R4          Consolidated Statements of Operations               HTML    117K 
22: R5          Consolidated Statements of Stockholders' Equity     HTML    135K 
                (Deficit)                                                        
23: R6          Consolidated Statements of Cash Flows               HTML    167K 
24: R7          Nature of Operations                                HTML     37K 
25: R8          Going Concern                                       HTML     33K 
26: R9          Summary of Significant Accounting Policies          HTML    198K 
27: R10         Business Combinations                               HTML     88K 
28: R11         Discontinued Operations                             HTML     93K 
29: R12         Due From Factor                                     HTML     49K 
30: R13         Goodwill and Intangible Assets                      HTML    100K 
31: R14         Liabilities and Debt                                HTML    108K 
32: R15         Stockholders' Equity (Deficit)                      HTML     69K 
33: R16         Related Party Transactions                          HTML     36K 
34: R17         Share-Based Payments                                HTML     80K 
35: R18         Lease Obligations                                   HTML     64K 
36: R19         Contingencies                                       HTML     45K 
37: R20         Income Taxes                                        HTML     67K 
38: R21         Subsequent Events                                   HTML     33K 
39: R22         Summary of Significant Accounting Policies          HTML    270K 
                (Policies)                                                       
40: R23         Summary of Significant Accounting Policies          HTML    165K 
                (Tables)                                                         
41: R24         Business Combinations (Tables)                      HTML     87K 
42: R25         Discontinued Operations (Tables)                    HTML     93K 
43: R26         Due From Factor (Tables)                            HTML     47K 
44: R27         Goodwill and Intangible Assets (Tables)             HTML    105K 
45: R28         Liabilities and Debt (Tables)                       HTML     93K 
46: R29         Share-Based Payments (Tables)                       HTML     71K 
47: R30         Lease Obligations (Tables)                          HTML     58K 
48: R31         Income Taxes (Tables)                               HTML     61K 
49: R32         Nature of Operations (Details)                      HTML     60K 
50: R33         Going Concern (Details)                             HTML     43K 
51: R34         Summary of Significant Accounting Policies          HTML     63K 
                (Details)                                                        
52: R35         Summary of Significant Accounting Policies - Fair   HTML     44K 
                Value of Financial Instruments (Details)                         
53: R36         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     41K 
                Contingent Consideration (Details)                               
54: R37         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     52K 
                Derivative Liability (Details)                                   
55: R38         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     38K 
                Inventory (Details)                                              
56: R39         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     41K 
                Property, Equipment, and Software (Details)                      
57: R40         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     50K 
                Impairment (Details)                                             
58: R41         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     37K 
                Indefinite-Lived Intangible Assets (Details)                     
59: R42         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     33K 
                Shipping and Handling (Details)                                  
60: R43         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     32K 
                Advertising and Promotion (Details)                              
61: R44         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     31K 
                Deferred Offering Costs (Details)                                
62: R45         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     31K 
                Impairment (Details)                                             
63: R46         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Net    HTML     45K 
                Loss per Share (Details)                                         
64: R47         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     31K 
                Leases (Details)                                                 
65: R48         BUSINESS COMBINATIONS - 2022 Acquisition (Details)  HTML     72K 
66: R49         BUSINESS COMBINATIONS - Purchase price              HTML     43K 
                consideration (Details)                                          
67: R50         BUSINESS COMBINATIONS - Assets acquired and         HTML     60K 
                Liabilities assumed (Details)                                    
68: R51         BUSINESS COMBINATIONS - Stateside (Details)         HTML     40K 
69: R52         BUSINESS COMBINATIONS - Stateside purchase price    HTML     38K 
                consideration (Details)                                          
70: R53         BUSINESS COMBINATIONS - Stateside Assets acquired   HTML     59K 
                and Liabilities assumed (Details)                                
71: R54         BUSINESS COMBINATIONS - Stateside Additional        HTML     36K 
                information (Details)                                            
72: R55         BUSINESS COMBINATIONS - Unaudited Pro Forma         HTML     39K 
                Financial Information (Details)                                  
73: R56         DISCONTINUED OPERATIONS - Business disposition      HTML     79K 
                (Details)                                                        
74: R57         DISCONTINUED OPERATIONS - Additional information    HTML     54K 
                (Details)                                                        
75: R58         DISCONTINUED OPERATIONS - Consolidated statements   HTML     97K 
                of operations of discontinued operations of HJ                   
                (Details)                                                        
76: R59         DUE FROM FACTOR - Narratives (Details)              HTML     52K 
77: R60         DUE FROM FACTOR - Components (Details)              HTML     41K 
78: R61         GOODWILL AND INTANGIBLE ASSETS - Other Information  HTML     59K 
                (Details)                                                        
79: R62         GOODWILL AND INTANGIBLE ASSETS - Summary of         HTML     43K 
                goodwill by entity (Details)                                     
80: R63         GOODWILL AND INTANGIBLE ASSETS - Future             HTML     36K 
                amortization expense (Details)                                   
81: R64         LIABILITIES AND DEBT - Accrued Expenses and Other   HTML     47K 
                Liabilities (Details)                                            
82: R65         LIABILITIES AND DEBT - Venture Debt (Details)       HTML     72K 
83: R66         LIABILITIES AND DEBT - Convertible Debt (Details)   HTML     45K 
84: R67         LIABILITIES AND DEBT - Convertible Promissory Note  HTML    170K 
                (Details)                                                        
85: R68         LIABILITIES AND DEBT - Loan Payable - PPP and SBA   HTML     56K 
                Loan (Details)                                                   
86: R69         LIABILITIES AND DEBT - Promissory Note Payable      HTML    119K 
                (Details)                                                        
87: R70         LIABILITIES AND DEBT- Merchant Advances (Details)   HTML     70K 
88: R71         Stockholders' Equity (Deficit) (Details)            HTML    403K 
89: R72         Stockholders' Equity (DEFICIT) - Series B           HTML     58K 
                Preferred Stock (Details)                                        
90: R73         Stockholders' Equity (DEFICIT) - Series C           HTML     68K 
                Convertible Preferred Stock (Details)                            
91: R74         Related Party Transactions - (Details)              HTML     53K 
92: R75         SHARE-BASED PAYMENTS - Common Stock Warrants -      HTML    117K 
                General Information (Details)                                    
93: R76         SHARE-BASED PAYMENTS - Warrants Roll Forward        HTML     46K 
                (Details)                                                        
94: R77         SHARE-BASED PAYMENTS - Stock Options - Activity     HTML     47K 
                (Details)                                                        
95: R78         SHARE-BASED PAYMENTS - 2020 & 2013 Incentive Stock  HTML     57K 
                Plan (Details)                                                   
96: R79         SHARE-BASED PAYMENTS - Stock-based Compensation -   HTML     49K 
                Stock options granted (Details)                                  
97: R80         Lease Obligations (Details)                         HTML     45K 
98: R81         LEASE OBLIGATIONS- Summary of operating lease       HTML     42K 
                assets and liabilities (Details)                                 
99: R82         LEASE OBLIGATIONS - Lease maturity (Details)        HTML     35K 
100: R83         Contingencies (Details)                             HTML     65K  
101: R84         Income Taxes (Details)                              HTML     49K  
102: R85         Income Taxes Reconciliation of company's effective  HTML     42K  
                tax rate (Details)                                               
103: R86         INCOME TAXES - Deferred tax assets and liabilities  HTML     40K  
                by source (Details)                                              
104: R87         Subsequent Events (Details)                         HTML     42K  
105: R88         Pay vs Performance Disclosure                       HTML     42K  
106: R89         Insider Trading Arrangements                        HTML     36K  
108: XML         IDEA XML File -- Filing Summary                      XML    198K  
111: XML         XBRL Instance -- dbgi-20231231x10k_htm               XML   2.61M  
107: EXCEL       IDEA Workbook of Financial Report Info              XLSX    235K  
14: EX-101.CAL  XBRL Calculations -- dbgi-20231231_cal               XML    212K 
15: EX-101.DEF  XBRL Definitions -- dbgi-20231231_def                XML   1.27M 
16: EX-101.LAB  XBRL Labels -- dbgi-20231231_lab                     XML   2.02M 
17: EX-101.PRE  XBRL Presentations -- dbgi-20231231_pre              XML   1.74M 
13: EX-101.SCH  XBRL Schema -- dbgi-20231231                         XSD    293K 
109: JSON        XBRL Instance as JSON Data -- MetaLinks              649±  1.01M  
110: ZIP         XBRL Zipped Folder -- 0001104659-24-047365-xbrl      Zip    673K  


‘EX-23.1’   —   Consent of Expert or Counsel


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

Digital Brands Group, Inc.

Austin, Texas

We consent to the incorporation by reference in the Registration Statements on Form S-8 (No. 333-256261) and on Form S-3 (Nos. 333-266486 and 333-268045) of Digital Brands Group, Inc. (the “Company”) of our report dated April 15, 2024 with respect to the consolidated balances sheets of the Company as of December 31, 2023, and the related consolidated statements of operations, stockholders’ equity (deficit), and cash flows for the year then ended, included in this Annual Report on Form 10-K.  Our report includes an explanatory paragraph regarding substantial doubt about the Company’s ability to continue as a going concern.

/s/ Macias, Gini and O’Connell LLP

Irvine, California

April 15, 2024



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:4/15/24
For Period end:12/31/23NT 10-K
 List all Filings 


23 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/13/23  Digital Brands Group, Inc.        8-K:1,3,9   4/07/23   13:632K                                   Toppan Merrill/FA
 1/30/23  Digital Brands Group, Inc.        S-1                  142:19M                                    Toppan Merrill/FA
 1/13/23  Digital Brands Group, Inc.        8-K:1,3,8,9 1/11/23   18:1.1M                                   Toppan Merrill/FA
 1/04/23  Digital Brands Group, Inc.        8-K:2,3,8,912/30/22   15:542K                                   Toppan Merrill/FA
 1/04/23  Digital Brands Group, Inc.        8-K:1,3,9  12/29/22   15:931K                                   Toppan Merrill/FA
11/29/22  Digital Brands Group, Inc.        S-1/A                 13:2.2M                                   Toppan Merrill/FA
10/26/22  Digital Brands Group, Inc.        8-K:5,8,9  10/21/22   12:302K                                   Toppan Merrill/FA
10/18/22  Digital Brands Group, Inc.        8-K:1,5,8,910/13/22   15:761K                                   Toppan Merrill/FA
10/05/22  Digital Brands Group, Inc.        8-K:1,3,5,8 9/29/22   16:610K                                   Toppan Merrill/FA
 8/31/22  Digital Brands Group, Inc.        8-K:1,3,5,8 8/31/22   15:702K                                   Toppan Merrill/FA
 8/12/22  Digital Brands Group, Inc.        8-K:5,9     8/12/22   12:269K                                   Toppan Merrill/FA
 8/02/22  Digital Brands Group, Inc.        8-K:1,3,9   7/27/22   14:526K                                   Toppan Merrill/FA
 7/27/22  Digital Brands Group, Inc.        8-K:1,3,9   7/22/22   15:900K                                   Toppan Merrill/FA
 6/23/22  Digital Brands Group, Inc.        8-K:1,7,9   6/17/22   13:694K                                   Toppan Merrill/FA
 5/10/22  Digital Brands Group, Inc.        8-K:1,3,8,9 5/05/22   16:895K                                   Toppan Merrill/FA
 4/18/22  Digital Brands Group, Inc.        S-1                   94:14M                                    Toppan Merrill/FA
 4/12/22  Digital Brands Group, Inc.        8-K:1,3,9   4/08/22   15:892K                                   Toppan Merrill/FA
 1/20/22  Digital Brands Group, Inc.        8-K:1,7,9   1/18/22   13:711K                                   Toppan Merrill/FA
12/23/21  Digital Brands Group, Inc.        S-1                  226:72M                                    Toppan Merrill/FA
11/19/21  Digital Brands Group, Inc.        8-K:1,3,9  11/16/21   16:789K                                   Toppan Merrill/FA
10/06/21  Digital Brands Group, Inc.        8-K:1,3,7,910/01/21   16:688K                                   Toppan Merrill/FA
 8/31/21  Digital Brands Group, Inc.        8-K:1,2,3,7 8/27/21   20:1.6M                                   Toppan Merrill/FA
 5/18/21  Digital Brands Group, Inc.        8-K:1,2,3,5 5/18/21   19:1.3M                                   Toppan Merrill/FA
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Filing Submission 0001104659-24-047365   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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