Company: DGLY
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011765
Chunk: 43

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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, holders of unvested restricted stock have full stockholder’s rights, including voting rights and the right to
receive cash dividends.

    27

A summary of all restricted stock
activity under the equity compensation plans for the three months ended March 31, 2025 and 2024 is as follows:

 SCHEDULE
OF RESTRICTED STOCK ACTIVITY

    Number of Restricted shares  
    Weighted
                                                                                average grant date fair value 
  
    Nonvested balance, January 1, 2025 
     2,537  
    $109.60 
  
    Granted 
     —  
     — 
  
    Vested 
     (1,687) 
     (70.60)
  
    Forfeited 
     —  
     — 
  
    Nonvested balance, March 31, 2025 
     850  
    $187.20 

    Number of Restricted shares  
    Weighted
                                                                                average grant date fair value 
  
    Nonvested balance, January 1, 2024 
     2,694  
    $225.40 
  
    Granted 
     4,010  
     42.40 
  
    Vested 
     (1,538) 
     (201.20)
  
    Forfeited 
     (56) 
     (444.00)
  
    Nonvested balance, March 31, 2024 
     5,110  
    $86.80 

The Company estimated the fair
market value of these restricted stock grants based on the closing market price on the date of the grant. As of March 31, 2025, there
was $44,710 of total unrecognized compensation costs related to all remaining non-vested restricted stock grants, which will be amortized
over the next thirty-four months in accordance with their respective vesting scale.

The nonvested balance of restricted
stock vests as follows:

 SCHEDULE OF NON-VESTED BALANCE OF RESTRICTED STOCK

    Years ended 
    Number of  shares 

    2025 (April 1, 2025 to December 31, 2025) 
     75 
  
    2026 
     325 
  
    2027 
     250 
  
    2028 
     200 
  
    2029