Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 254

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 254
---
 continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). ASU 2023-09 also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions, among other changes. The guidance is effective for annual periods beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. ASU 2023-09 should be applied on a prospective basis, but retrospective application is permitted. We are currently evaluating the potential impact of adopting this new guidance on our consolidated financial statements and related disclosures.

NOTE 2. INVENTORIES

Inventories consisted of the following at September 30, 2024 and December 31, 2023:

SCHEDULE OF INVENTORIES

|                                                                    |     |   | September 30, 2024 |   |     |   | December 31, 2023 |   |
|:-------------------------------------------------------------------|:----|:--|-------------------:|:--|:----|:--|------------------:|:--|
| Raw material and component parts– video solutions segment          |     | $ |          2,638,063 |   |     | $ |         3,044,653 |   |
| Work-in-process– video solutions segment                           |     |   |             11,565 |   |     |   |            20,396 |   |
| Finished goods – video solutions segment                           |     |   |          3,533,839 |   |     |   |         4,623,489 |   |
| Finished goods – entertainment segment                             |     |   |            364,641 |   |     |   |           699,204 |   |
| Subtotal                                                           |     |   |          6,548,108 |   |     |   |         8,387,742 |   |
| Reserve for excess and obsolete inventory– video solutions segment |     |   |         (4,144,749 | ) |     |   |        (4,355,666 | ) |
| Reserve for excess and obsolete inventory – entertainment segment  |     |   |            (78,241 | ) |     |   |          (186,795 | ) |
| Total inventories                                                  |     | $ |