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

Company: DIGITAL ALLY, INC.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 marketplace. Revenues derived from this marketplace primarily consist
of service fees from ticketing operations, and consists of one primary performance obligation, which is facilitating the transaction between
the buyer and seller, being satisfied at the time the order has been confirmed. As the Company does not control the ticket prior to the
transfer, the Company acts as an agent in these transactions. Revenue is recognized on a net basis, net of the amount due to the seller
when an order is confirmed, the seller is then obligated to deliver the tickets to the buyer per the seller’s listing. Payment is
due at the time of sale.

Other

Deferred revenue includes payments
received in advance of performance under the contract and are reported separately as current liabilities and non-current liabilities in
the Condensed Consolidated Balance Sheets. Such amounts consist of extended warranty contracts, prepaid cloud services and prepaid installation
services and are generally recognized as the respective performance obligations are satisfied. During the six months ended June 30, 2025,
the Company recognized revenue of $3,406,003 related to its deferred revenue. Total deferred revenue consists of the following:

 SCHEDULE
OF DEFERRED REVENUES

    June 30, 2025 

    December 31, 2024  
    Additions/ Reclass  
    Recognized Revenue  
    June 30, 2025 
  
    Deferred revenue, current 
    $4,215,401  
    $1,046,605  
    $1,916,737  
    $3,345,269 
  
    Deferred revenue, non-current 
     6,317,472  
     701,586  
     1,489,266  
     5,529,792 

    $10,532,873  
    $1,748,191  
    $3,406,003  
    $8,875,061 

    December 31, 2024 

    December 31, 2023  
    Additions/ Reclass  
    Recognized Revenue  
    December 31, 2024 
  
    Deferred revenue, current 
    $2,937,168  
    $2,799,956  
    $1,521,723  
    $4,215,401 
  
    Deferred revenue, non-current 
     7,340,459  
     1,814,351