Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 248

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 248
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 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 nine months ended September 30, 2024, the Company recognized revenue of $ 2.0million 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

|                                   |     | September 30, 2024 | December 31, 2023 |     |   | Additions/ Reclass |     |   | Recognized Revenue |   |     |   | September 30, 2024 |
|:----------------------------------|:----|:-------------------|------------------:|:----|:--|-------------------:|:----|:--|:-------------------|:--|:----|:--|-------------------:|
| Contract liabilities, current     |     | $                  |         2,937,168 |     | $ |          1,689,038 |     | $ | (557,628           | ) |     | $ |          4,068,578 |
| Contract liabilities, non-current |     |                    |         7,340,459 |     |   |            761,421 |     |   | (1,476,186         | ) |     |   |          6,625,694 |
|                                   |     | $                  |        10,277,627 |     | $ |          2,450,459 |     | $ | (2,033,814         | ) |     | $ |         10,694,272 |

|                                   |     | September 30, 2023 | December 31, 2022 |     |   | Additions/ Reclass |     |   | Recognized Revenue |   |     |   | September 30, 2023 |
|:----------------------------------|:----|:-------------------|------------------:|:----|:--|-------------------:|:----|:--|:-------------------|:--|: