Company: DGLY
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001493152-25-003451
Chunk: 218

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-24
Form: S-1
Chunk 218
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 13.25% per annum with repayment beginning January 2, 2024. As of December 31, 2023, the entire TicketSmarter Related Party note is $ 2,700,000, is classified as current, with an accrued interest balance of $ 95,031. The use of proceeds of the TicketSmarter Related Party Note was to resolve numerous outstanding payables at a discounted rate, the discount received is recognized as a gain on extinguishment of liabilities on the statement of operations. Additionally, these negotiations relieved TicketSmarter of numerous future obligations following fiscal year 2023.

NOTE 20. NET LOSS PER SHARE

The calculation of the weighted average number of shares outstanding and loss per share outstanding for the years ended December 31, 2023 and 2022 are as follows:

SCHEDULE OF WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING AND LOSS PER SHARE OUTSTANDING

|                                                                                                                                   |     | Year ended December 31, 
 2023                    |        2023 |   |     | 2022 |        2022 |   |
|:----------------------------------------------------------------------------------------------------------------------------------|:----|:------------------------|------------:|:--|:----|:-----|------------:|:--|
| Numerator for basic and diluted loss per share – Net loss attributable to common stockholders                                     |     | $                       | (25,688,547 | ) |     | $    | (21,666,691 | ) |
| Denominator for basic loss per share – weighted average shares outstanding                                                        |     |                         |   2,784,894 |   |     |      |   2,548,549 |   |
| Dilutive effect of shares issuable upon conversion of convertible debt and the exercise of stock options and warrants outstanding |     |                         |           — |   |     |      |           — |   |
| Denominator for diluted loss per share – adjusted weighted average shares outstanding                                             |     |                         |   2,784,894 |   |     |      |   2,548,549 |   |
| Net loss per share:                                                                                                               |     |                         |             |   |     |      |             |   |
| Basic                                                                                                                             |     | $                       |       (9.22 | ) |     | $    |       (8.50 | ) |
| Diluted                                                                                                                           |     | $                       |       (9.22 | ) |     | $