Digital Brand Media and Marketing Group Inc (DBMM)

[THall]

DBMM has $2,478,291 in loans due 2024. How exactly are they going to pay that $2.4 million when they lost over $700k last year? Where is the money going to come from if its not from selling stock? The entire company is not worth $2.4 million.

Loans payable
2024 $2,478,291
2025 $11,948
2026 $12,708
2027 $2,641
Total Loans Payable $2,505,588

Fiscal Year 2023

We had $45,000 in cash and our working capital deficiency amounted to approximately $6.5 million at August 31, 2023.

During fiscal 2023, we used cash in our operating activities amounting to $437,000. Our cash used in operating activities was comprised of our net loss of $713,000 adjusted primarily for the following: