Company: DGLY
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011765
Chunk: 2

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
013,430)

    Total liabilities and equity (deficit) 
    $30,256,336  
    $27,736,573 

See Notes to Unaudited Condensed
Consolidated Financial Statements.

3

DIGITAL ALLY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED

MARCH 31, 2025 AND 2024

(Unaudited)

    2025  
    2024 
  
    Revenue: 

    Product 
    $721,350  
    $1,565,846 
  
    Service and other 
     3,753,914  
     3,963,505 

    Total revenue 
     4,475,264  
     5,529,351 

    Cost of revenue: 

    Product 
     675,639  
     1,567,393 
  
    Service and other 
     2,198,126  
     2,438,259 

    Total cost of revenue 
     2,873,765  
     4,005,652 

    Gross profit 
     1,601,499  
     1,523,699 

    Selling, general and administrative expenses: 

    Research and development expense 
     84,417  
     487,466 
  
    Selling, advertising and promotional expense 
     108,041  
     761,118 
  
    General and administrative expense 
     2,383,721  
     3,914,149 

    Total selling, general and administrative expenses 
     2,576,179  
     5,162,733 

    Operating loss 
     (974,680) 
     (3,639,034)

    Other income (expense): 

    Interest income 
     31,975  
     19,356 
  
    Interest expense 
     (792,273) 
     (648,567)
  
    Other income 
     16,700  
     27,602 
  
    Gain on extinguishment of debt – related party 
     1,249,372  
     — 
  
    Gain on the extinguishment of liabilities 
     2,220,097  
     682,345 
  
    Gain on disposal of