Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 270

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 270
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 demonstrates its ability to realize these assets. To the extent the Company determines that the realization of some or all of these benefits is more likely than not based upon expected future taxable income, a portion or all of the valuation allowance will be reversed. The Company has available to it approximately $ 140.9million (based on its December 31, 2023 tax return) in net operating loss carryforwards to offset future taxable income as of September 30, 2024.

NOTE 7. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following at September 30, 2024 and December 31, 2023:

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT

|                                                     |     |            | Estimated   
 Useful Life |   | September 30, 2024 |   |     |   | December 31, 2023 |   |
|:----------------------------------------------------|:----|:-----------|:------------|:--|-------------------:|:--|:----|:--|------------------:|:--|
| Building                                            |     | 25 years   |             | $ |                  — |   |     | $ |         4,537,037 |   |
| Land                                                |     | Infinite   |             |   |                  — |   |     |   |           739,734 |   |
| Office furniture, fixtures, equipment, and aircraft |     | 3-20 years |             |   |            780,492 |   |     |   |         2,065,092 |   |
| Warehouse and production equipment                  |     | 3-7 years  |             |   |            237,141 |   |     |   |            29,055 |   |
| Demonstration and tradeshow equipment               |     | 3-7 years  |             |   |             77,791 |   |     |   |            87,987 |   |
| Building improvements                               |     | 5-7 years  |             |   |             20,935 |   |     |   |         1,328,654 |   |
| Total cost                                          |     |            |             |   |          1,116,359 |   |     |   |         8,787,559 |   |
| Less: accumulated depreciation and amortization     |     |            |             |   |           (671,756