Company: DGLY
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001493152-25-003451
Chunk: 205

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-24
Form: S-1
Chunk 205
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           | 53,950 |   |     | $              |  45.80 |   |
| Exercisable at December 31, 2022 |     |           | 53,950 |   |     | $              |  45.80 |   |

| Options                          |     | Number of 
 Shares    |        |   |     | Weighted       
 Average        
 Exercise Price |        |   |
|:---------------------------------|:----|:----------|-------:|:--|:----|:---------------|-------:|:--|
| Outstanding at January 1, 2023   |     |           | 53,950 |   |     | $              |  45.80 |   |
| Granted                          |     |           |      — |   |     |                |      — |   |
| Exercised                        |     |           |      — |   |     |                |      — |   |
| Forfeited                        |     |           |   (350 | ) |     |                | (83.20 | ) |
| Outstanding at December 31, 2023 |     |           | 53,600 |   |     | $              |  45.55 |   |
| Exercisable at December 31, 2023 |     |           | 53,600 |   |     | $              |  45.55 |   |

The fair value of each option award is estimated on the date of grant using a Black-Scholes option valuation model. The total estimated grant date fair value stock options issued during the year ended December 31, 2023 and 2022 was $- 0- and $ 22,768, respectively.

The Company has utilized the following assumptions in its Black-Scholes option valuation model to calculate the estimated grant date fair value of the options during the years ended December 31, 2023 and 2022:

SCHEDULE OF FAIR VALUE OF STOCK OPTIONS ASSUMPTION

| Volatility – range 
 Risk-free rate     
 Expected term      |     | 2023        
 Assumptions | — 
 — 
 — |     | 2022        
 Assumptions |     111.67 
       1.81 
 10.0 years | % 
 % |
|:-------------------|:----|:------------|:--|:----|:------------|-----------:|:--|
| Exercise price     |