Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 289

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 289
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 years for income tax filing purposes. Likewise, the other acquired assets were stepped up to fair value and is deductible for income tax purposes. The results of operations of acquired businesses are included in the consolidated financial statements from the acquisition date.

| F-79 |

The purchase price of the Country Stampede Acquisition was allocated to tangible assets, goodwill, identifiable intangible assets, and assumed liabilities based on their preliminary estimated fair values at the time of the acquisition. The Company retained the services of an independent valuation firm to determine the fair value of these identifiable intangible assets. The Company will continue to evaluate the fair value of the identified intangible assets. The preliminary estimated fair value of assets acquired, and liabilities assumed in the Country Stampede Acquisition were as follows:

SCHEDULE OF ESTIMATED FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED ACQUISITION

| Description                                                          |     | As allocated (Preliminary) 
 March 1, 2024              |          |   |
|:---------------------------------------------------------------------|:----|:---------------------------|---------:|:--|
| Assets acquired (provisional):                                       |     |                            |          |   |
| Tangible assets acquired                                             |     | $                          |  305,000 |   |
| Identifiable intangible assets acquired (Trademarks and trade names) |     |                            |  300,000 |   |
| Goodwill                                                             |     |                            |  225,959 |   |
| Liabilities assumed                                                  |     |                            | (288,000 | ) |
| Liabilities assumed pursuant to stock purchase agreement             |     |                            | (288,000 | ) |
| Net assets acquired and liabilities assumed                          |     | $                          |  542,959 |   |
| Consideration:                                                       |     |                            |          |   |
| Cash paid at Country Stampede Acquisition date                       |     | $                          |  400,000 |   |
| Cash paid subsequent to closing                                      |     |                            |  142,959 |   |
| Total Country Stampede Acquisition purchase price                    |     | $                          |  542,959 |   |

During the measurement period (which is the period required to obtain all necessary information that existed at the acquisition date, or to conclude that such information is unavailable, not to exceed one year), additional assets or liabilities may be recognized, or there could be changes to the amounts of assets or liabilities previously recognized on a preliminary basis, if new information