Company: DGLY
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001493152-25-003451
Chunk: 162

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-24
Form: S-1
Chunk 162
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 reported separately as current liabilities and non-current liabilities in the Consolidated Balance Sheets. Such amounts consist of extended warranty contracts, prepaid cloud services and prepaid installation services and are generally recognized as the respective performance obligations are satisfied. During the year ended December 31, 2023, the Company recognized revenue of $2.6 million related to its contract liabilities. Contract liabilities consist of deferred revenue and include payments received in advance of performance under the contract and are reported separately as current liabilities and non-current liabilities in the Consolidated Balance Sheets. Such amounts consist of extended warranty contracts, prepaid cloud services and prepaid installation services and are generally recognized as the respective performance obligations are satisfied. Total contract liabilities consist of the following:

SCHEDULE OF CONTRACT LIABILITIES

|                                   |     | December 31, 2023 | December 31, 2022 |     |   | Additions/Reclass |     |   | Recognized Revenue |     |   | December 31, 2023 |
|:----------------------------------|:----|:------------------|------------------:|:----|:--|------------------:|:----|:--|-------------------:|:----|:--|------------------:|
| Contract liabilities, current     |     | $                 |         2,154,874 |     | $ |         2,538,187 |     | $ |          1,755,893 |     | $ |         2,937,168 |
| Contract liabilities, non-current |     |                   |         5,818,082 |     |   |         2,328,994 |     |   |            806,617 |     |   |         7,340,459 |
|                                   |     | $                 |         7,972,956 |     | $ |         4,867,181 |     | $ |          2,562,510 |     | $ |        10,277,627 |

|                                   |     | December 31, 2022 | December 31, 2021 |     |   | Additions/Reclass |     |   | Recognized Revenue |     |   | December 31, 2022 |
|:----------------------------------|:----|:------------------|------------------:|:----|:--|------------------:|:----|:--|-------------------:|:----|:--|------------------:|
| Contract liabilities, current     |