10-Q Filing

DIGITAL ALLY, INC. CIK: 1342958 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001354488-13-002295`
Period End Date	20130331
Filing Date	20130430
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	dgly-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 40 Cash Flow Statement 56 Stockholders Equity 8

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$60.03K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$70.19K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$394.75K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$703.17K	USD	Point-in-time
Subordinated notes payable-long-term	`SubordinatedNotesPayablelongterm`	$96.38K	USD	Point-in-time
Accounts receivable-trade, less allowance for doubtful accounts of $60,033 - 2013 and $70,193 - 2012	`AccountsAndNotesReceivableNet`	$2.25M	USD	Point-in-time
Accounts receivable-trade, less allowance for doubtful accounts of $60,033 - 2013 and $70,193 - 2012	`AccountsAndNotesReceivableNet`	$2.96M	USD	Point-in-time
Subordinated notes payable-long-term	`SubordinatedNotesPayablelongterm`	$79.37K	USD	Point-in-time
Accounts receivable-other	`AccountsAndOtherReceivablesNetCurrent`	$71.15K	USD	Point-in-time
Accounts receivable-other	`AccountsAndOtherReceivablesNetCurrent`	$109.64K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Notes receivable-current	`NotesAndLoansReceivableNetCurrent`	$65.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Notes receivable-current	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	9.38M	shares	Point-in-time
Inventories	`InventoryNet`	$7.29M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	9.38M	shares	Point-in-time
Inventories	`InventoryNet`	$7.66M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$450.71K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$258.64K	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	2.14M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	2.10M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.92M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	63,518.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$11.28M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	63,518.00	shares	Point-in-time
Furniture, fixtures and equipment	`PropertyPlantAndEquipmentGross`	$4.53M	USD	Point-in-time
Furniture, fixtures and equipment	`PropertyPlantAndEquipmentGross`	$4.39M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.45M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.51M	USD	Point-in-time
Furniture, fixtures and equipment, Net	`PropertyPlantAndEquipmentNet`	$1.02M	USD	Point-in-time
Furniture, fixtures and equipment, Net	`PropertyPlantAndEquipmentNet`	$938.79K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$662.50K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$662.50K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$217.66K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$218.04K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$241.45K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$252.18K	USD	Point-in-time
Total assets	`Assets`	$13.34M	USD	Point-in-time
Total assets	`Assets`	$13.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$945.80K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.52M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesFairValueDisclosure`	$793.52K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesFairValueDisclosure`	$881.07K	USD	Point-in-time
Capital lease obligation-current	`CapitalLeaseObligationsCurrent`	$68.12K	USD	Point-in-time
Capital lease obligation-current	`CapitalLeaseObligationsCurrent`	$66.09K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$6.72K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$5.82K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.88K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.88K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.90M	USD	Point-in-time
Subordinated note payable-long-term, net of discount of $79,370 and $96,378	`SubordinatedDebtCurrent`	$2.40M	USD	Point-in-time
Subordinated note payable-long-term, net of discount of $79,370 and $96,378	`SubordinatedDebtCurrent`	$2.42M	USD	Point-in-time
Litigation accrual - long term	`LitigationAccrualLongTerm`	$530.00K	USD	Point-in-time
Litigation accrual - long term	`LitigationAccrualLongTerm`	$530.00K	USD	Point-in-time
Capital lease obligation - long term	`CapitalLeaseObligationsNoncurrent`	$120.99K	USD	Point-in-time
Capital lease obligation - long term	`CapitalLeaseObligationsNoncurrent`	$102.72K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$3.05M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$3.05M	USD	Point-in-time
Common stock, $0.001 par value; 9,375,000 shares authorized; shares issued: 2,139,082 - 2013 and 2,099,082 - 2012	`CommonStockValue`	$2.10K	USD	Point-in-time
Common stock, $0.001 par value; 9,375,000 shares authorized; shares issued: 2,139,082 - 2013 and 2,099,082 - 2012	`CommonStockValue`	$2.14K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$23.30M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$23.41M	USD	Point-in-time
Treasury stock, at cost (shares: 63,518 - 2013 and 63,518 - 2012)	`TreasuryStockValue`	$2.16M	USD	Point-in-time
Treasury stock, at cost (shares: 63,518 - 2013 and 63,518 - 2012)	`TreasuryStockValue`	$2.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.12M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.07M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.34M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Product revenue	`SalesRevenueGoodsGross`	$3.59M	USD	1 Quarter
Product revenue	`SalesRevenueGoodsGross`	$4.51M	USD	1 Quarter
Other revenue	`OtherSalesRevenueNet`	$266.76K	USD	1 Quarter
Other revenue	`OtherSalesRevenueNet`	$193.90K	USD	1 Quarter
Total revenue	`Revenues`	$4.78M	USD	1 Quarter
Total revenue	`Revenues`	$3.78M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$1.79M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$1.88M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.00M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$602.90K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$794.16K	USD	1 Quarter
Selling, advertising and promotional expense	`MarketingExpense`	$574.44K	USD	1 Quarter
Selling, advertising and promotional expense	`MarketingExpense`	$581.66K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$120.64K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$103.49K	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$1.24M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$1.42M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.71M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.73M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-181.42K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$732.18K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-3.18K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-2.64K	USD	1 Quarter
Interest expense	`InterestExpense`	$-75.19K	USD	1 Quarter
Interest expense	`InterestExpense`	$-70.91K	USD	1 Quarter
Income (loss) before income tax expense	`IncomeTaxExpenseBenefit`	$113.69K	USD	1 Quarter
Income (loss) before income tax expense	`IncomeTaxExpenseBenefit`	$-804.73K	USD	1 Quarter
Income tax expense	`IncomeTaxExpense`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpense`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-113.69K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$804.73K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.40	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.06M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.02M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.02M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.07M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-113.69K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$804.73K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$105.46K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$194.23K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$120.64K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$103.49K	USD	1 Quarter
Provision for inventory obsolescence	`InventoryWriteDown`	$1.71K	USD	1 Quarter
Provision for inventory obsolescence	`InventoryWriteDown`	$-53.21K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$-10.16K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Accounts receivable - trade	`IncreaseDecreaseInAccountsReceivable`	$682.14K	USD	1 Quarter
Accounts receivable - trade	`IncreaseDecreaseInAccountsReceivable`	$719.80K	USD	1 Quarter
Accounts receivable - other	`IncreaseDecreaseInOtherReceivables`	$-38.49K	USD	1 Quarter
Accounts receivable - other	`IncreaseDecreaseInOtherReceivables`	$17.63K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-307.58K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-508.47K	USD	1 Quarter
Notes receivable - current	`IncreaseDecreaseInNotesReceivableCurrent`	$-65.00K	USD	1 Quarter
Notes receivable - current	`IncreaseDecreaseInNotesReceivableCurrent`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$48.97K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-196.90K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.18K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-10.74K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-574.41K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$156.44K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$87.54K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-282.15K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-900.00	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-17.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-30.02K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-127.41K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-412.43K	USD	1 Quarter
Purchases of furniture, fixtures and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$162.18K	USD	1 Quarter
Purchases of furniture, fixtures and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$68.51K	USD	1 Quarter
Additions to intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Additions to intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.60K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-68.51K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-164.78K	USD	1 Quarter
Payments on capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$16.24K	USD	1 Quarter
Payments on capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.24K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-480.94K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-308.43K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`Cash`	$2.27M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$394.75K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$1.79M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$703.17K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$2.27M	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$394.75K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$1.79M	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$703.17K	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$50.00K	USD	1 Quarter
Cash payments for interest	`InterestPaid`	$53.90K	USD	1 Quarter
Cash payments for income taxes	`IncomeTaxesPaid`	$1.18K	USD	1 Quarter
Cash payments for income taxes	`IncomeTaxesPaid`	$17.00K	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$7.90M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$8.12M	USD	Point-in-time
Stock-based compensation	`StockbasedCompensation`	$103.49K	USD	1 Quarter
Restricted common stock grant, Amount	`RestrictedCommonStockGrantAmount`	-	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-113.69K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$804.73K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$7.90M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$8.12M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.