Company: DGLY
Filing Date: 2025-02-14
Form Type: 424B4
Source: 0001493152-25-006704
Chunk: 203

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-14
Form: 424B4
Chunk 203
---
 |
| Liabilities:                                     |     |   |           |
| Operating lease obligations-current portion      |     |   |   279,538 |
| Operating lease obligations-less current portion |     |   |   827,836 |
| Total operating lease obligations                |     | $ | 1,107,374 |

| F-31 |

Following are the minimum lease payments for each year and in total.

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

| Year ending December 31:                         
 2024                                             |     |   |   358,424 |   |
|:-------------------------------------------------|:----|:--|----------:|:--|
| 2025                                             |     |   |   311,849 |   |
| 2026                                             |     |   |   293,300 |   |
| 2027                                             |     |   |   117,492 |   |
| Thereafter                                       |     |   |   235,020 |   |
| Total undiscounted minimum future lease payments |     |   | 1,316,085 |   |
| Imputed interest                                 |     |   |  (208,711 | ) |
| Total operating lease liability                  |     | $ | 1,107,374 |   |

NOTE 15. COMMITMENTS AND CONTINGENCIES

Litigation.

From time to time, we are notified that we may be a party to a lawsuit or that a claim is being made against us. It is our policy to not disclose the specifics of any claim or threatened lawsuit until the summons and complaint are actually served on us. After carefully assessing the claim, and assuming we determine that we are not at fault or we disagree with the damages or relief demanded, we vigorously defend any lawsuit filed against us. We record a liability when losses are deemed probable and reasonably estimable. When losses are deemed reasonably possible but not probable, we determine whether it is possible to provide an estimate of the amount of the loss or range of possible losses for the claim, if material for disclosure. In evaluating matters for accrual and disclosure purposes, we take into consideration factors such as our historical experience with matters of a similar nature, the specific facts and circumstances asserted, the likelihood of our prevailing, the availability of insurance, and the severity of any potential loss. We reevaluate and update accruals as matters progress over time.

On May 31, 2022, the Company filed a lawsuit against Culp McA