Company: DGLY
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001493152-25-003451
Chunk: 154

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-24
Form: S-1
Chunk 154
---
 on the consolidated financial statements.

| ● | These                                                                                                                                       
 procedures included, among others, (i) testing management’s process for determining the fair value estimates of the entertainment/ticketing 
 reporting unit; (ii) testing the completeness and accuracy of the underlying data used in the market approach; and (iii) evaluating         
 the reasonableness of the significant assumptions used by management related to market multiples, peer group and comparable transaction     
 selection and selection of relevant financial matrices for concluding the fair value of reporting unit and future levels of revenue         
 growth.                                                                                                                                     |
| ● | Evaluating                                                                                                                                  
 management’s assumptions related to the future levels of revenue growth and involved evaluating whether the assumptions were                
 reasonable considering (i) current and past performance of the reporting units; (ii) the consistency with external market and industry      
 data; and (iii) whether these assumptions were consistent with evidence obtained in other areas of the audit.                               |
| ● | Professionals                                                                                                                               
 with specialized skill and knowledge were used to assist in evaluating (i) the appropriateness of the market approach and (ii) the          
 reasonableness of significant assumptions related to the market multiples, peer group and comparable transaction selection and selection    
 of relevant financial matrices for concluding the fair value of reporting unit and future levels of revenue growth.                         |

/s/ RBSM LLP

We have served as the Company’s auditor since 2019.

New York, NY

April 1, 2024

PCAOB ID Number 587

<div align='center'>New York, NY Washington DC Mumbai & Pune, India Boca Raton, FL

San Francisco, CA Las Vegas, NV Beijing, China Athens, Greece

Member: ANTEA International with affiliated offices worldwide</div>

| F-3 |

<div align='center'>DIGITAL ALLY, INC.

CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2023 AND 2022</div>

| Assets                                                                                                                                                
 Current assets:                                                                                                                                       |     | 2023 |              |   |     | 2022 |             |   |
|:------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-----|-------------:|:--|:----|:-----|------------:|:--|
| Cash and cash equivalents                                                                                                                             |     | $    |      680,549 |   |     | $    |   3,532,199 |   |
| Accounts receivable-trade, less allowance for doubtful accounts of $200,668 – 202