Company: DGLY
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001641172-25-024667
Chunk: 137

Company: DIGITAL ALLY, INC.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 8
Chunk 137
---
 the seller is then obligated to deliver the tickets to the buyer per the seller’s listing. Payment is
due at the time of sale.

Other

Deferred revenue includes payments
received in advance of performance under the contract and are reported separately as current liabilities and non-current liabilities in
the Condensed Consolidated Balance Sheets. Such amounts consist of extended warranty contracts, prepaid cloud services and prepaid installation
services and are generally recognized as the respective performance obligations are satisfied. During the six months ended June 30, 2025,
the Company recognized revenue of $3,406,003 related to its deferred revenue. Total deferred revenue consists of the following:

 SCHEDULE
OF DEFERRED REVENUES

    June 30, 2025 

    December 31, 2024  
    Additions/ Reclass  
    Recognized Revenue  
    June 30, 2025 
  
    Deferred revenue, current 
    $4,215,401  
    $1,046,605  
    $1,916,737  
    $3,345,269 
  
    Deferred revenue, non-current 
     6,317,472  
     701,586  
     1,489,266  
     5,529,792 

    $10,532,873  
    $1,748,191  
    $3,406,003  
    $8,875,061 

    December 31, 2024 

    December 31, 2023  
    Additions/ Reclass  
    Recognized Revenue  
    December 31, 2024 
  
    Deferred revenue, current 
    $2,937,168  
    $2,799,956  
    $1,521,723  
    $4,215,401 
  
    Deferred revenue, non-current 
     7,340,459  
     1,814,351  
     2,837,338  
     6,317,472 

    $10,277,627  
    $4,614,307  
    $4,359,061  
    $10,532,873 

Sales returns and allowances
aggregated $289,195 for the six months ended June 30, 2025. Obligations for estimated sales returns and allowances are recognized at the
time of sales on