Company: DGLY
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011765
Chunk: 137

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 137
---

    Weighted
                                                                                Average Exercise Price 
  
    Outstanding at January 1, 2025 
     2,625  
    $902.80 
  
    Granted 
     —  
     — 
  
    Exercised 
     —  
     — 
  
    Forfeited 
     —  
     — 
  
    Outstanding at March 31, 2025 
     2,625  
    $902.80 
  
    Exercisable at March 31, 2025 
     2,625  
    $902.80 

    Options 
    Number of  Shares  
    Weighted
                                                                                Average Exercise Price 
  
    Outstanding at January 1, 2024 
     2,280  
    $911.00 
  
    Granted 
     —  
     — 
  
    Exercised 
     —  
     — 
  
    Forfeited 
     —  
     — 
  
    Outstanding at March 31, 2024 
     2,280  
    $911.00 
  
    Exercisable at March 31, 2024 
     2,280  
    $911.00 

The fair value of each option
award is estimated on the date of grant using a Black-Scholes option valuation model

The Plans allow for the cashless
exercise of stock options. This provision allows the option holder to surrender/cancel options with an intrinsic value equivalent to the
purchase/exercise price of other options exercised. There were no shares surrendered pursuant to cashless exercises during the three months
ended March 31, 2025 and 2024.

At March 31, 2025 and December
31, 2024, the aggregate intrinsic value of options outstanding was approximately $-0- and $-0-, respectively, and the aggregate intrinsic
value of options exercisable was approximately $-0- and $-0-, respectively.

The following table summarizes
the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable options under the Company’s
option plans as of March 31, 2025:

 SCHEDULE OF SHARES AUTHORIZED UNDER STOCK OPTION PLANS BY EXERCISE PRICE RANGE

    Outstanding options 
    Exercisable options
  
    Exercise price range  
    Number of options  
    Weighted average remaining contractual life