Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 213

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 213
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 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     |     |             | — |     | $           |      19.60 |   |

| F-34 |

The Plans allow for the cashless exercise of stock options. This provision allows the option holder to surrender/cancel options with an intrinsic value equivalent to the purchase/exercise price of other options exercised. There were no shares surrendered pursuant to cashless exercises during the years ended December 31, 2023 and 2022.

At December 31, 2023 and 2022, the aggregate intrinsic value of options outstanding was approximately $- 0- and $- 0-, respectively, and the aggregate intrinsic value of options exercisable was approximately $- 0- and $- 0-, respectively.

The following table summarizes the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable options under the Company’s option plans as of December 31, 2023:

SCHEDULE OF SHARES AUTHORIZED UNDER STOCK OPTION PLANS BY EXERCISE PRICE RANGE

| Exercise price 
 range          |                 |     | Outstanding options 
 Number of           
 options             |        |     | Weighted         
 average          
 remaining        
 contractual life |           |     | Exercisable options 
 Number of           
 options             |        |     | Weighted average 
 remaining        
 contractual life |           |
|:---------------|:----------------|:----|:--------------------|-------:|:----|:-----------------|:----------|:----|:--------------------|-------:|:----|:-----------------|:----------|
| $              | 0.01 to $49.99  |     |                     | 37,000 |     |                  | 6.6 years