Company: DGLY
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011765
Chunk: 44

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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NOTE 11. COMMON STOCK PURCHASE WARRANTS

The following table summarizes
information about shares issuable under warrants outstanding during the three months ended March 31, 2025 and 2024:

 SCHEDULE OF WARRANT ACTIVITY 

    Warrants  
    Weighted
                                                                                average exercise price 
  
    Balance, January 1, 2025 
     544,744  
    $19.00 
  
    Issuance February 2025 – Prefunded Warrants 
     4,907,500  
     0.001 
  
    Exercise February 2025 – Prefunded Warrants 
     (4,907,500) 
     0.001 
  
    Exercised June 2024 - Series B warrants 
     (189,689) 
     0.001 
  
    Exercised 
     -  
     - 
  
    Terminated/Cancelled 
     —  
     — 
  
    Balance, March 31, 2025 
     355,055  
    $29.00 

    28

    Warrants  
    Weighted
                                                                                average exercise price 
  
    Balance, January 1, 2024 
     56,250  
    $130.00 
  
    Issued 
     —  
     — 
  
    Exercised 
     —  
     — 
  
    Terminated/Cancelled 
     —  
     — 
  
    Balance, March 31, 2024 
     56,250  
    $130.00 

The total
intrinsic value of all outstanding warrants aggregated $-0-
and $2,128,320
as of March 31, 2025 and December 31, 2024, respectively and the weighted average remaining term was 48.5
and 52.3
months as of March 31, 2025 and 2024, respectively.

The following table summarizes
the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable warrants to purchase shares
of Common Stock as of March 31, 2025:

 SCHEDULE
OF RANGE OF EXERCISE PRICES AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF WARRANTS

    Outstanding and exercisable warrants
  
    Exercise price  
    Number of warrants