Company: DGLY
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011765
Chunk: 6

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
007,727  
    $(1,194,675) 
    $(133,249,457) 
    $11,569,375 
  
    Balance 
     5,780,248  
    $5,780  
    $146,007,727  
    $(1,194,675) 
    $(133,249,457) 
    $11,569,375 

See Notes to Unaudited Condensed
Consolidated Financial Statements.

5

DIGITAL ALLY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(Unaudited)

    2025  
    2024 
  
    Cash Flows from Operating Activities: 

    Net income (loss) 
    $4,267,082  
    $(3,943,268)
  
    Adjustments to reconcile net income (loss) to net cash flows used in operating activities: 

    Depreciation and amortization 
     417,870  
     550,991 
  
    Provision for doubtful accounts receivable 
     (69,168) 
     34,059 
  
    Provision for doubtful subscriptions receivable 
     51,403  
     20,000 
  
    Provision for inventory obsolescence 
     (521,113) 
     (56,072)
  
    Stock based compensation 
     13,824  
     40,695 
  
    Non-cash interest expense 
     672,490  
     360,330 
  
    Gain on extinguishment of liabilities 
     (2,220,097) 
     (682,345)
  
    Gain on extinguishment of debt – related party 
     (1,249,372) 
     — 
  
    Change in fair value of warrant derivative liability 
     (2,515,891) 
     348,891 
  
    Loss on sale of property, plant and equipment 
     —  
     41,661 
  
    Loss on disposal of intangible assets 
     —  
     (5,582)

    Change in operating assets and liabilities: 

    (Increase) decrease in: 

    Accounts receivable – trade 
     123,402  
     142,606