Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 172

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 172
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|----------:|
|                                                                               |     | Adjusted          
 Cost              |           |     | Realized 
 Gains    |   |     | Realized 
 Losses   |   |     | Fair Value |           |
| Demand deposits                                                               |     | $                 |   897,745 |     | $        | — |     | $        | — |     | $          |   897,745 |
| Short-term investments with original maturities of 90 days or less (Level 1): |     |                   |           |     |          |   |     |          |   |     |            |           |
| Money market funds                                                            |     |                   | 2,634,454 |     |          | — |     |          | — |     |            | 2,634,454 |
|                                                                               |     | $                 | 3,532,199 |     | $        | — |     | $        | — |     | $          | 3,532,199 |

The Company maintains its cash and cash equivalents in banks insured by the Federal Deposit Insurance Corporation (FDIC) in accounts that at times may be in excess of the federally insured limit of $ 250,000per bank. The Company minimizes this risk by placing its cash deposits with numerous major financial institutions. At December 31, 2023 and 2022, the uninsured balance amounted to $ 29,700and $ 2,495,189, respectively.

Restricted Cash:

Restricted cash of $ 97,600and $- 0- was included in other assets as of December 31, 2023 and 2022, respectively. Restricted cash consists of bank deposits that collateralize our debt obligations.

The following table provides a reconciliation of cash and cash equivalents in the consolidated balance sheets to cash, cash equivalents and restricted cash in the consolidated statements of cash flows:

SCHEDULE OF RECONCILIATION OF CASH AND CASH EQUIVALENTS

|                                                                                  |     |   | December 31, 
         2023 |     |   | December 31, 
         2022 |
|:---------------------------------------------------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Cash and cash equivalents                                                        |     | $ |      680,549 |     | $ |    3,532,199 |
| Long-term restricted cash included in other assets                               |     |   |       97