Company: DGLY
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001641172-25-024667
Chunk: 187

Company: DIGITAL ALLY, INC.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 8
Chunk 187
---
 from the related party note payable
to resolve numerous outstanding payables at a discounted rate, the discount received was recognized as a gain on extinguishment of liabilities
in the condensed consolidated statement of operations for the six months ended June 30, 2024.

    36

NOTE 15. NET LOSS PER SHARE

The calculations of the weighted
average number of shares outstanding and loss per share outstanding for the three and six months ended June 30, 2025 and 2024
are as follows:

 SCHEDULE OF WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING AND LOSS PER SHARE OUTSTANDING

    Three Months Ended June 30,  
    Six months ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Numerator for basic and diluted loss per share – Net loss attributable to common stockholders 
    $(4,545,201) 
    $(5,083,861) 
    $(281,730) 
    $(9,014,882)

    Denominator for basic loss per share – weighted average shares outstanding 
     1,025,849  
     1,461  
     523,012  
     1,446 

    Dilutive effect of shares issuable under stock options outstanding 
     —  
     —  
     —  
     — 

    Dilutive effect of shares issuable under common stock purchase warrants 
     —  
     —  
     —  
     — 

    Denominator for diluted loss per share – adjusted weighted average shares outstanding 
     1,025,849  
     1,461  
     523,012  
     1,446 

    Net loss per share: 

    Basic 
    $(3.21) 
    $(3,479.71) 
    $(0.54) 
    $(6,234.36)
  
    Diluted 
    $(3.21) 
    $(3,479.71) 
    $(0.54) 
    $(6,234.36)

Basic loss per share is
based upon the weighted average number of shares of Common Stock outstanding during the period. For the three and six months ended
June 30, 2025 and 2024, all shares issuable upon the exercise of outstanding stock options and warrants were