Company: DGLY
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011765
Chunk: 225

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 225
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 Liabilities: 

    Operating lease obligations-current portion 
     162,234 
  
    Operating lease obligations-less current portion 
     518,394 
  
    Total operating lease obligations 
    $680,628 

Following are the minimum lease
payments for each year and in total.

    Year ending December 31: 

    2025 (April 1, 2025 through December 31, 2025) 
    $158,086 
  
    2026 
     210,925 
  
    2027 
     189,275 
  
    2028 
     100,863 
  
    2029 and thereafter 
     130,086 
  
    Total undiscounted minimum future lease payments 
     789,235 
  
    Imputed interest 
     (108,607)
  
    Total operating lease liability 
    $680,628 

Debt obligations - We have the following
outstanding debt as of March 31, 2025 which require future principal payments:

     March 31, 2025 
  
    Economic injury disaster loan (EIDL) 
    $143,654 
  
    Unsecured Promissory note – Entertainment Segment 
     600,000 
  
    Debt obligations 
     743,654 

    Less: current maturities of debt obligations 
     (603,444)

    Debt obligations, long-term 
    $140,210 

Debt obligations mature on an annual basis as follows
as of March 31, 2025:

     March 31, 2025 
  
    2025 (April 1, 2025 to December 31, 2025) 
    $603,444 
  
    2026 
     3,542 
  
    2027 
     3,677 
  
    2028 
     3,817 
  
    2029 and thereafter 
     129,175 

    Total 
    $743,654 

54

Litigation.

From time to time, we are notified
that we may be a party to a lawsuit or that a claim is being made against us. It is our policy to not disclose the specifics of any claim
or threatened lawsuit until the summons and complaint are actually served on us. After carefully assessing the claim, and assuming we
determine that we are not at fault or we disagree with the