Company: DGLY
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001641172-25-024667
Chunk: 34

Company: DIGITAL ALLY, INC.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 31, 2024 
  
    Economic injury disaster loan (EIDL) 
    $142,805  
    $144,495 
  
    Unsecured Promissory note – Entertainment Segment 
     600,000  
     — 
  
    Commercial Extension of Credit- Entertainment Segment 
     —  
     100,000 
  
    Merchant Advances – Video Solutions Segment 
     —  
     1,922,750 
  
    Senior Secured Promissory Notes 
     —  
     3,600,000 
  
    Unamortized debt issuance costs 
     —  
     (664,719)
  
    Debt obligations 
     742,805  
     5,102,526 
  
    Less: current maturities of debt obligations 
     603,476  
     4,961,443 

    Debt obligations, long-term 
    $139,329  
    $141,083 

    18

Debt obligations mature on an annual basis as
follows as of June 30, 2025:

 SCHEDULE OF MATURITY OF DEBT OBLIGATIONS

    June 30, 2025 
  
    2025 (July 1, 2025 to December 31, 2025) 
    $603,476 
  
    2026 
     3,542 
  
    2027 
     3,676 
  
    2028 
     3,817 
  
    2029 and thereafter 
     128,294 

    Total 
    $742,805 

2020 Small Business Administration Notes.

On May 12, 2020, the Company
received $150,000 in loan funding from the SBA under the Economic Injury Disaster Loan (“EIDL”) program administered by the
SBA, which program was expanded pursuant to the recently enacted CARES Act. The EIDL is evidenced by a secured promissory note, dated
May 8, 2020, in the original principal amount of $150,000 with the SBA, the lender.

Under the terms of the note
issued under the EIDL program, interest accrues on the outstanding principal at the rate of 3.75% per annum. The term of such note is
thirty years, though it may be payable sooner upon an event of default under such note.