Company: DGLY
Filing Date: 2025-02-11
Form Type: S-1/A
Source: 0001493152-25-005949
Chunk: 254

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-11
Form: S-1/A
Chunk 254
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 and consists of one primary performance obligation, which is facilitating the transaction between the buyer and seller, being satisfied at the time the order has been confirmed. As the Company does not control the ticket prior to the transfer, the Company acts as an agent in these transactions. Revenue is recognized on a net basis, net of the amount due to the seller when an order is confirmed, 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.

| F-58 |

Other

Contract liabilities consist of deferred revenue and include payments received in advance of performance under the contract and are reported separately as current liabilities and non-current liabilities in the 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 nine months ended September 30, 2024, the Company recognized revenue of $ 2.0million related to its contract liabilities. Contract liabilities consist of deferred revenue and include payments received in advance of performance under the contract and are reported separately as current liabilities and non-current liabilities in the 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. Total contract liabilities consist of the following:

SCHEDULE OF CONTRACT LIABILITIES

|                                   |     | September 30, 2024 | December 31, 2023 |     |   | Additions/ Reclass |     |   | Recognized Revenue |   |     |   | September 30, 2024 |
|:----------------------------------|:----|:-------------------|------------------:|:----|:--|-------------------:|:----|:--|:-------------------|:--|:----|:--|-------------------:|
| Contract liabilities, current     |     | $                  |         2,937,168 |     | $ |          1,689,038 |     | $ | (557,628           | ) |     | $ |          4,068,578 |
| Contract liabilities, non-current |     |                    |         7,340,459 |     |   |            761,421 |     |   | (1,476,186         | ) |     |   |          6,625,694 |
|                                   |     | $                  |        10,277,627 |     | $ |