Company: DGLY
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021680
Chunk: 75

Company: DIGITAL ALLY, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 to common stockholders 
    $(1,021,867) 
    $(3,470,506) 
    $(1,303,597) 
    $(12,485,388)

    Denominator for basic loss per share – weighted average shares outstanding 
     1,727,421  
     1,910  
     930,386  
     1,602 

    Dilutive effect of shares issuable under stock options outstanding 
     —  
     —  
     —  
     — 

    Dilutive effect of shares issuable under common stock purchase warrants 
     —  
     —  
     —  
     — 

    Denominator for diluted loss per share – adjusted weighted average shares outstanding 
     1,727,421  
     1,910  
     930,386  
     1,602 

    Net loss per share: 

    Basic 
    $(0.59) 
    $(1,817.02) 
    $(1.40) 
    $(7,793.63)
  
    Diluted 
    $(0.59) 
    $(1,817.02) 
    $(1.40) 
    $(7,793.63)

    30

Basic
loss per share is based upon the weighted average number of shares of Common Stock outstanding during the period. For the three and nine
months ended September 30, 2025 and 2024, all shares issuable upon the exercise of outstanding stock options and warrants were antidilutive,
and, therefore, not included in the computation of diluted loss per share.

NOTE
16. COUNTRY STAMPEDE ACQUISITION

On
March 1, 2024, Kustom 440, entered into an Asset Purchase Agreement (the “Acquisition Agreement”) with JC Entertainment,
LLC, a Kansas limited liability company (“JC Entertainment”). Pursuant to the Acquisition Agreement, Kustom 440 acquired
certain assets associated with a music entertainment event (“Country Stampede”), including all intellectual property arising
out of and relating to Country Stampede (“Country Stampede Intellectual Property”) and certain contracts in which JC Entertainment
is a party to host and operate the 2024 Country Stampede (the “Assumed Contracts”, and together with the Country Stampede
Intellectual Property, the “Purchased Assets”).

As
consideration