Company: DGLY
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001641172-25-024667
Chunk: 51

Company: DIGITAL ALLY, INC.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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    $10,960.00 
  
    Granted 
     —  
     — 
  
    Vested 
     (17) 
     (7,060.00)
  
    Forfeited 
     —  
     — 
  
    Nonvested balance, June 30, 2025 
     8  
    $18,720.00 

    Number of Restricted shares  
    Weighted average grant date fair value 
  
    Nonvested balance, January 1, 2024 
     27  
    $22,540.00 
  
    Granted 
     40  
     4,240.00 
  
    Vested 
     (15) 
     (20,120.00)
  
    Forfeited 
     (1) 
     (44,400.00)
  
    Nonvested balance, June 30, 2024 
     51  
    $8,680.00 

The Company estimated the
fair market value of these restricted stock grants based on the closing market price on the date of the grant. As of June 30, 2025, there
was $34,969 of total unrecognized compensation costs related to all remaining non-vested restricted stock grants, which will be amortized
over the next thirty-one months in accordance with their respective vesting scale.

The nonvested balance of restricted
stock vests as follows:

 SCHEDULE OF NON-VESTED BALANCE OF RESTRICTED STOCK

    Years ended 
    Number of  shares 

    2025 (July 1, 2025 to December 31, 2025) 
     1 
  
    2026 
     3 
  
    2027 
     2 
  
    2028 
     2 
  
    2029 
     — 

NOTE 11. COMMON STOCK PURCHASE WARRANTS

The following table summarizes
information about shares issuable under warrants outstanding during the six months ended June 30, 2025 and 2024:

 SCHEDULE OF WARRANT ACTIVITY   

    Warrants  
    Weighted average exercise price 
  
    Balance, January 1, 2025 
     5,448  
    $1,900.00 
  
    Issuance February 2025 – Prefunded Warrants 
     49,