Digital Brands Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DUE FROM FACTOR

DUE FROM FACTOR

3 Months Ended

Mar. 31, 2023

DUE FROM FACTOR

DUE FROM FACTOR

NOTE 4: DUE FROM FACTOR

Due to/from factor consist of the following:


		March 31,			December 31,
		2023			2022
Outstanding receivables:
Without recourse		$	1,065,335		$	1,680,042
With recourse			76,956			65,411
Matured funds and deposits			108,147			81,055
Advances			(415,201)			(632,826)
Credits due customers			(244,984)			(354,282)
		$	590,253		$	839,400