Company: DGLY
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011765
Chunk: 139

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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    $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 
     — 

NOTE 11. COMMON STOCK PURCHASE WARRANTS

The following table summarizes
information about shares issuable under warrants outstanding during the three months ended March 31, 2025 and 2024:

 SCHEDULE OF WARRANT ACTIVITY 

    Warrants  
    Weighted
                                                                                average exercise price 
  
    Balance, January 1, 2025 
     544,744  
    $19.00 
  
    Issuance February 2025 – Prefunded Warrants 
     4,907,500  
     0.001 
  
    Exercise February 2025 – Prefunded Warrants 
     (4,907,500) 
     0.001 
  
    Exercised June 2024 - Series B warrants 
     (189,689) 
     0.001 
  
    Exercised 
     -  
     - 
  
    Terminated/Cancelled 
     —  
     — 
  
    Balance, March 31, 2025 
     355,055  
    $29.00