Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 188

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 188
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 |   |       29,055 |   |     |   |       51,302 |   |
| Demonstration and tradeshow equipment               |     | 3-7 years  |             |   |       87,987 |   |     |   |       72,341 |   |
| Building improvements                               |     | 5-7 years  |             |   |    1,328,654 |   |     |   |    1,334,374 |   |
| Total cost                                          |     |            |             |   |    8,787,559 |   |     |   |    8,782,957 |   |
| Less: accumulated depreciation and amortization     |     |            |             |   |   (1,503,857 | ) |     |   |     (884,271 | ) |
| Net property, plant and equipment                   |     |            |             | $ |    7,283,702 |   |     | $ |    7,898,686 |   |

Depreciation and amortization of property, plant and equipment aggregated $ 711,103and $ 614,121for the years ended December 31, 2023 and 2022, respectively. The cost and accumulated depreciation related to assets sold or retired are removed from the accounts and any gain or loss is credited or charged to income. The Company retired fixed assets during 2023 totaling $ 89,562resulting in nogain or loss for the year ended December 31, 2023 on the Company’s Consolidated Statement of Operations. The Company retired fixed assets during 2022 totaling $ 549,104resulting in a gain on sale of assets of $ 212,831for the year ended December 31, 2022 on the Company’s Consolidated Statement of Operations.

NOTE 8. GOODWILL AND OTHER INTANGIBLE ASSETS

Intangible assets consisted of the following at December 31, 2023 and 2022:

SCHEDULE OF INTANGIBLE ASSETS

|                                                                |     |       | December 31, 2023 |     |              |           |     |          |            |     |       | December 31, 2022 |     |              |           |     |          |            |
|:---------------------------------------------------------------|:----|:------|------------------:|:----|:-------------|----------:|:----|: