Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 271

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 271
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 | ) |     |   |        (1,503,857 | ) |
| Net property, plant and equipment                   |     |            |             | $ |            444,603 |   |     | $ |         7,283,702 |   |

| F-70 |

Depreciation expense for the three months ended September 30, 2024 and September 30, 2023 was $ 127,474and $ 188,100, respectively, and is included in general and administrative expenses. Depreciation expense for the nine months ended September 30, 2024 and September 30, 2023 was $ 471,307and $ 533,992,respectively, and is included in general and administrative expenses.

During the nine months ended September 30, 2024 the Company engaged a broker and sold its aircraft for $ 1,100,000less closing costs of $ 1,500. The carrying amount of the aircraft on the date of sale was $ 1,141,661. As a result of the sale the Company recorded a loss of $ 41,661in the Consolidated Statement of Operations.

During the three and nine months ended September 30, 2024 the Company engaged a broker and sold its building for $ 5,900,000less closing costs of $ 7,194. The carrying amount of the building on the date of sale was $ 5,461,623. As a result of the sale the Company recorded a gain of $ 431,183in the Consolidated Statement of Operation during the three and nine months ended September 30, 2024.

NOTE 8. GOODWILL AND OTHER INTANGIBLE ASSETS

Intangible assets consisted of the following as of September 30, 2024 and December 31, 2023:

SCHEDULE OF INTANGIBLE ASSETS

|                                                          |     |       | September 30, 2024 |     |              |           |     |                        |           |     |              |            |     |       | December 31, 2023 |     |              |           |     |              |            |
|:---------------------------------------------------------|:----|:------|-------------------:|:----|:-------------|----------:|:----|:-----------------------|----------:|:----|:-------------|-----------:|:----|:------|------------------:|:----|:-------------|----------:|:----