Company: DGLY
Filing Date: 2025-02-11
Form Type: S-1/A
Source: 0001493152-25-005949
Chunk: 165

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-11
Form: S-1/A
Chunk 165
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     |      |   2,784,894 |   |     |      |   2,548,549 |   |
| Diluted                                                                                   |     |      |   2,784,894 |   |     |      |   2,548,549 |   |

<div align='center'>See Notes to Consolidated Financial Statements.</div>

| F-5 |

<div align='center'>DIGITAL ALLY, INC.

CONSOLIDATED STATEMENTS OF EQUITY

YEARS ENDED DECEMBER 31, 2023 AND 2022</div>

|                                                                                                   |     | Common Stock 
 Shares       |           |   |     | Amount |       |   |     | Additional 
 Paid In    
 Capital    |             |   |     | Noncontrolling 
 Interest in    
 consolidated   
 subsidiary     |         |   |     | Accumulated 
 deficit     |              |   |     | Total |             |   |
|:--------------------------------------------------------------------------------------------------|:----|:-------------|----------:|:--|:----|:-------|------:|:--|:----|:-----------|------------:|:--|:----|:---------------|--------:|:--|:----|:------------|:-------------|:--|:----|:------|------------:|:--|
| Balance, December 31, 2021                                                                        |     |              | 2,545,220 |   |     | $      | 2,545 |   |     | $          | 124,476,447 |   |     | $              |  56,453 |   |     | $           | (68,672,206  | ) |     | $     |  55,863,239 |   |
| Stock-based compensation                                                                          |     |              |         — |   |     |        |     — |   |     |            |   1,282,757 |   |     |                |       — |   |     |             | —            |   |     |       |   1,282,757 |   |
| Restricted common stock grant                                                                     |     |              |    35,750 |   |     |        |    36 |   |     |            |         (36 | ) |     |                |       — |   |     |             | —            |   |     |       |           — |   |
| Restricted common stock forfe