Digital Ally, Inc. Files 10-Q for Q2 2025
Ticker: KUST · Form: 10-Q · Filed: Aug 18, 2025 · CIK: 1342958
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
DIGITAL ALLY INC (DGLY) filed its Q2 2025 10-Q. Check financials.
AI Summary
Digital Ally, Inc. filed its 10-Q for the period ending June 30, 2025. The filing covers financial performance and operational updates for the company, which is involved in the radio & TV broadcasting & communications equipment industry. Key financial data and business segments are detailed within the report.
Why It Matters
This 10-Q filing provides investors and stakeholders with the latest financial and operational performance of Digital Ally, Inc., crucial for understanding the company's current standing and future prospects.
Risk Assessment
Risk Level: medium — As a publicly traded company, Digital Ally, Inc. is subject to market fluctuations and industry-specific risks, making its financial reporting inherently medium risk.
Key Numbers
- 20250630 — Period End Date (Reporting period for the 10-Q)
- 20250818 — Filing Date (Date the report was submitted to the SEC)
Key Players & Entities
- DIGITAL ALLY, INC. (company) — Filer
- 0001342958 (company) — Central Index Key
- 20250630 (date) — Conformed Period of Report
- 20250818 (date) — Filed as of Date
- RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] (industry) — Standard Industrial Classification
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is 20250630, meaning it covers the period ending June 30, 2025.
When was this 10-Q filed with the SEC?
This 10-Q was filed as of date 20250818.
What is Digital Ally, Inc.'s Standard Industrial Classification code?
Digital Ally, Inc.'s SIC code is 3663, categorized under RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT.
What is the company's state of incorporation?
Digital Ally, Inc. is incorporated in Nevada (NV).
What is the business address of Digital Ally, Inc.?
The business address is 6366 COLLEGE BLVD., OVERLAND PARK, KS 66211.
Filing Stats: 4,531 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2025-08-18 17:26:13
Key Financial Figures
- $0.001 — nge on which registered Common stock, $0.001 par value per share DGLY The Nasdaq
Filing Documents
- form10-q.htm (10-Q) — 2115KB
- ex31-1.htm (EX-31.1) — 19KB
- ex31-2.htm (EX-31.2) — 19KB
- ex32-1.htm (EX-32.1) — 9KB
- ex32-2.htm (EX-32.2) — 9KB
- 0001641172-25-024667.txt ( ) — 10924KB
- dgly-20250630.xsd (EX-101.SCH) — 79KB
- dgly-20250630_cal.xml (EX-101.CAL) — 94KB
- dgly-20250630_def.xml (EX-101.DEF) — 296KB
- dgly-20250630_lab.xml (EX-101.LAB) — 578KB
- dgly-20250630_pre.xml (EX-101.PRE) — 441KB
- form10-q_htm.xml (XML) — 2232KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. Condensed Consolidated Balance Sheets – June 30, 2025 (Unaudited) and December 31, 2024 3 Condensed Consolidated Statements of Operations for the Three a nd Six Months Ended June 30, 2025 and 2024 (Unaudited) 4 Condensed Consolidated Statements of Stockholders' Equity (Deficit) for the Three a nd Six Months Ended June 30, 2025 and 2024 (Unaudited) 5 Condensed Consolidated Statements of Cash Flows for the S ix Months Ended June 30, 2025 and 2024 (Unaudited) 6 Notes to the Condensed Consolidated Financial Statements (Unaudited) 7-41
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. 42-68
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk. 68
Controls and Procedures
Item 4. Controls and Procedures. 68
- OTHER INFORMATION
PART II - OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings. 69
Risk Factors
Item 1A. Risk Factors. 69
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 69
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 69
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 69
Other Information
Item 5. Other Information. 69
Exhibits
Item 6. Exhibits. 69
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
– Financial Statements
Item 1 – Financial Statements. DIGITAL ALLY, INC. CONDENSED CONSOLIDATED BALANCE SHEETS JUNE 30, 2025 AND DECEMBER 31, 2024 June 30, 2025 December 31, 2024 (Unaudited) Assets Current assets: Cash and cash equivalents $ 622,820 $ 454,314 Accounts receivable-trade, less allowance for doubtful accounts of $ 105,669 – June 30, 2025 and $ 200,668 – December 31, 2024 961,666 1,301,253 Subscriptions receivable, net of $ 75,000 allowance – June 30, 2025 and $ 25,000 – December 31, 2024 3,649,644 3,988,994 Other receivables 2,024 155,851 Inventories, net 2,466,106 2,586,066 Prepaid expenses 1,968,884 1,867,258 Total current assets 9,671,144 10,353,736 Property, plant, and equipment, net 483,930 365,857 Goodwill and other intangible assets, net 9,972,472 10,654,325 Operating lease right of use assets, net 1,744,722 718,509 Subscriptions receivable – long-term 3,895,405 4,889,289 Other assets 195,990 754,857 Total assets $ 25,963,663 $ 27,736,573 Liabilities and Equity (Deficit) Current liabilities: Accounts payable $ 4,663,886 $ 11,486,947 Accrued expenses 478,603 1,514,508 Current portion of operating lease obligations 196,644 158,304 Deferred revenue – current 3,345,269 4,215,401 Notes payable – related party – current portion 249,600 2,840,000 Debt obligations – current 603,476 4,961,443 Warrant derivative liabilities 1,955 4,554,640 Income taxes payable 12,205 — Total current liabilities 9,551,638 29,731,243 Long-term liabilities: Debt obligations – long term 139,329 141,083 Operating lease obligation – long term 1,344,278 560,205 Deferred revenue – long term 5,529,792 6,317,472 Notes payable – related party – long-term portion 1,246,921 — Total liabilities 17,811,958 36,750,003 Commitments and contingencies - - Stockholders' Equity (Deficit): Preferred stock, $ 0.001 par value per share, 10,000,000 shares authorized; none issued or outs