Company: DGLY
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021680
Chunk: 162

Company: DIGITAL ALLY, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 162
---
628,811

    2026

    237,379

    2027

    3,677

    2028

    3,817

    2029
    and thereafter

    130,047

    Total
     
    $
    1,003,731

    15

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. Monthly principal and interest
payments began in November 2022, after being deferred for thirty months after the date of disbursement and total $731 per month thereafter.
Such note may be prepaid in part or in full, at any time, without penalty. The Company granted the SBA a continuing interest in and to
any and all collateral, including but not limited to tangible and intangible personal property.

Unsecured
Promissory Note

On
February 1, 2025, the Company’s Entertainment Segment entered into a $600,000 unsecured promissory note with a third party. The
promissory note bears an interest rate of 10.0% per annum, compounded monthly. Payments of principal and interest were originally due
on May 5, 2025, however the parties agreed to extend the term for payments of principal and interest to begin July 1, 2025.

2024
Commercial Extension of Credit

On
January 22, 2024, the Company’s Entertainment segment entered an extension of credit in the form of a loan to use in marketing
and operating its business in accordance with the Ticket Solution Agreement. The Lender, Ticket Evolution, Inc., agreed to extend, subject
to the conditions hereof, and Borrower agreed to take, an advance for a sum of $75,000 with monthly advances of