Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 204

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 204
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                        |     |   |      150,981 |     |   |       46,408 |
| Accrued interest - related party     |     |   |       95,031 |     |   |            — |
| Customer deposits                    |     |   |      219,462 |     |   |            — |
| Other                                |     |   |      260,326 |     |   |      103,835 |
| Total accrued                        
 expenses                             |     | $ |    3,269,330 |     | $ |    1,090,967 |

Accrued warranty expense was comprised of the following for the years ended December 31, 2023 and 2022:

SCHEDULE OF ACCRUED WARRANTY EXPENSE

|                                     |     |   |    2023 |   |     |   |    2022 |   |
|:------------------------------------|:----|:--|--------:|:--|:----|:--|--------:|:--|
| Beginning balance                   |     | $ |  15,694 |   |     | $ |  13,742 |   |
| Provision for warranty expense      |     |   |  63,980 |   |     |   |  71,734 |   |
| Charges applied to warranty reserve |     |   | (61,975 | ) |     |   | (69,782 | ) |
| Ending balance                      |     | $ |  17,699 |   |     | $ |  15,694 |   |

NOTE 13. INCOME TAXES

The components of income tax provision (benefit) for the years ended December 31, 2023, and 2022 are as follows:

SCHEDULE OF COMPONENTS OF INCOME TAX PROVISION (BENEFIT)

| Current taxes:                   |     | 2023 |   |     | 2022 |   |
|:---------------------------------|:----|:-----|:--|:----|:-----|:--|
| Federal                          |     | $    | — |     | $    | — |
| State                            |     |      | — |     |      | — |
| Total current taxes              |     |      | — |     |      | — |
| Deferred tax provision (benefit) |     |      | — |     |      | — |
| Income tax provision