Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 171

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 171
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 recognition of revenue, inventory valuation reserve, allowances for doubtful accounts and other receivables, incremental borrowing rate on leases, the valuation allowance for deferred tax assets and other legal claims and contingencies. The results of any changes in accounting estimates are reflected in the financial statements in the period in which the changes become evident. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period that they are determined to be necessary.

| F-11 |

Cash and cash equivalents:

Cash and cash equivalents include funds on hand, in bank and short-term investments with original maturities of ninety (90) days or less. The following table shows the Company’s cash and cash equivalents by significant investment category as of December 31, 2023 and 2022:

SCHEDULE OF SHORT TERM INVESTEMNTS

|                                                                               |     | December 31, 2023 |         |     |          |   |     |          |   |     |            |         |
|:------------------------------------------------------------------------------|:----|:------------------|--------:|:----|:---------|:--|:----|:---------|:--|:----|:-----------|--------:|
|                                                                               |     | Adjusted          
 Cost              |         |     | Realized 
 Gains    |   |     | Realized 
 Losses   |   |     | Fair Value |         |
| Demand deposits                                                               |     | $                 | 545,207 |     | $        | — |     | $        | — |     | $          | 545,207 |
| Short-term investments with original maturities of 90 days or less (Level 1): |     |                   |         |     |          |   |     |          |   |     |            |         |
| Money market funds                                                            |     |                   | 135,342 |     |          | — |     |          | — |     |            | 135,342 |
|                                                                               |     | $                 | 680,549 |     | $        | — |     | $        | — |     | $          | 680,549 |

|                                                                               |     | December 31, 2022 |           |     |          |   |     |          |   |     |            |           |
|:------------------------------------------------------------------------------|:----|:------------------|----------:|:----|:---------|:--|:----|:---------|:--|:----|:-----------