Digital Brands Group, Inc. disclosed substantial doubt about its ability to continue as a going concern
No going-concern disclosure→Substantial doubt about ability to continue as a going concern
The conditions described above — including the Company’s recurring losses, negative operating cash flows, working capital deficit, the matured Bailey sellers’ promissory note and the monthly payment obligations under the RallyTown secured note (see Note 7) — raise substantial doubt about the Company’s ability to continue as a going concern, and the Company’s plans depend in significant part on its ability to sell equity securities under the at-the-market facility and the equity line of credit and to realize expected revenues from its collegiate apparel program, which are subject to market cond
Evidence
Caveat
None
Comparable
True
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
filing body
Prior filed
2026-05-20
Prior form
10-Q
Prior state
none
Prior state label
No going-concern disclosure
Registrant changed from
None
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
Digital Brands Group, Inc. told the SEC it could not file its quarterly report on time
Does not expect a significant change in results.
(the “Company”) of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 (the “Quarterly Report”) will be delayed due to the additional time that was required to obtain and compile certain information required to be included in the Quarterly Report, which delay could not be eliminated by the Company without unreasonable effort and expense. The Company expects to file the Quarterly Report within the five calendar day extension period.
Evidence
Anticipates significant change
False
Other periodic reports filed
None
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 (the “Quarterly Report”) will be delayed due to the additional time that was required to obtain and compile certain information required to be included in the Quarterly Report, which delay could not be eliminated by the Company without unreasonable effort and expense. The Company expects to file the Quarterly Report within the five calendar day extension period.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.