Company: DGLY
Filing Date: 2025-05-02
Form Type: 424B3
Source: 0001641172-25-008437
Chunk: 104

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-02
Form: 424B3
Chunk 104
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 is recognized on a net basis, net of the amount due to the seller when an order is confirmed, the seller is then obligated to deliver the tickets to the buyer per the seller’s listing. Payment is due at the time of sale.

Other

Contract liabilities consist of deferred revenue and include payments received in advance of performance under the contract and are reported separately as current liabilities and non-current liabilities in the Consolidated Balance Sheets. Such amounts consist of extended warranty contracts, prepaid cloud services and prepaid installation services and are generally recognized as the respective performance obligations are satisfied. During the year ended December 31, 2024, the Company recognized revenue of $4.4 million related to its contract liabilities. Contract liabilities consist of deferred revenue and include payments received in advance of performance under the contract and are reported separately as current liabilities and non-current liabilities in the Consolidated Balance Sheets. Such amounts consist of extended warranty contracts, prepaid cloud services and prepaid installation services and are generally recognized as the respective performance obligations are satisfied. Total contract liabilities consist of the following:

SCHEDULE OF CONTRACT LIABILITIES

|                                   |     | December 31, 2024 | December 31, 2023 |     |   | Additions/Reclass |     |   | Recognized Revenue |     |   | December 31, 2024 |
|:----------------------------------|:----|:------------------|------------------:|:----|:--|------------------:|:----|:--|-------------------:|:----|:--|------------------:|
| Contract liabilities, current     |     | $                 |         2,937,168 |     | $ |         2,799,956 |     | $ |          1,521,723 |     | $ |         4,215,401 |
| Contract liabilities, non-current |     |                   |         7,340,459 |     |   |         1,814,351 |     |   |          2,837,338 |     |   |         6,317,472 |
|                                   |     | $                 |        10,277,627 |     | $ |         4,614,307 |     | $ |          4,359,061 |     | $ |        10,532,873 |

|                                   |     | December 31, 2023 | December 31, 2022 |     |   | Additions/Reclass |     |