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10-Q Filing

DIGITAL ALLY, INC. CIK: 1342958 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001493152-19-007223
Period End Date 20190331
Filing Date 20190515
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance dgly-20190331.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $70.00K USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $70.00K USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 50.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 50.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.38M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.60M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 11.13M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 10.45M shares Point-in-time
Accounts receivable-trade, less allowance for doubtful accounts of $70,000 - 2019 and 2018 AccountsReceivableNetCurrent $1.85M USD Point-in-time
Accounts receivable-trade, less allowance for doubtful accounts of $70,000 - 2019 and 2018 AccountsReceivableNetCurrent $1.70M USD Point-in-time
Treasury stock shares TreasuryStockShares 63,518.00 shares Point-in-time
Accounts receivable-other AccountsAndOtherReceivablesNetCurrent $382.41K USD Point-in-time
Accounts receivable-other AccountsAndOtherReceivablesNetCurrent $434.95K USD Point-in-time
Treasury stock shares TreasuryStockShares 63,518.00 shares Point-in-time
Inventories, net InventoryNet $7.00M USD Point-in-time
Inventories, net InventoryNet $7.00M USD Point-in-time
Income tax refund receivable, current IncomeTaxesReceivable $44.60K USD Point-in-time
Income tax refund receivable, current IncomeTaxesReceivable $44.60K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $429.40K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $237.63K USD Point-in-time
Total current assets AssetsCurrent $13.30M USD Point-in-time
Total current assets AssetsCurrent $11.79M USD Point-in-time
Furniture, fixtures and equipment, net PropertyPlantAndEquipmentNet $232.05K USD Point-in-time
Furniture, fixtures and equipment, net PropertyPlantAndEquipmentNet $247.54K USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $486.80K USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $477.94K USD Point-in-time
Operating lease right of use assets OperatingLeaseRightOfUseAsset - USD Point-in-time
Operating lease right of use assets OperatingLeaseRightOfUseAsset $387.43K USD Point-in-time
Income tax refund receivable IncomeTaxesReceivableNoncurrent $45.40K USD Point-in-time
Income tax refund receivable IncomeTaxesReceivableNoncurrent $45.40K USD Point-in-time
Other assets OtherAssetsNoncurrent $256.75K USD Point-in-time
Other assets OtherAssetsNoncurrent $298.55K USD Point-in-time
Total assets Assets $13.24M USD Point-in-time
Total assets Assets $14.34M USD Point-in-time
Accounts payable AccountsPayableCurrent $784.60K USD Point-in-time
Accounts payable AccountsPayableCurrent $1.62M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $1.66M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $2.08M USD Point-in-time
Current portion of operating lease obligations OperatingLeaseLiabilityCurrent $433.01K USD Point-in-time
Current portion of operating lease obligations OperatingLeaseLiabilityCurrent - USD Point-in-time
Contract liabilities-current ContractWithCustomerLiabilityCurrent $1.66M USD Point-in-time
Contract liabilities-current ContractWithCustomerLiabilityCurrent $1.75M USD Point-in-time
Proceeds investment agreement, at fair value-current ProceedsInvestmentAgreementAtFairValueCurrent - USD Point-in-time
Proceeds investment agreement, at fair value-current ProceedsInvestmentAgreementAtFairValueCurrent $6.00M USD Point-in-time
Income taxes payable TaxesPayableCurrent $3.93K USD Point-in-time
Income taxes payable TaxesPayableCurrent $3.69K USD Point-in-time
Total current liabilities LiabilitiesCurrent $11.38M USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.62M USD Point-in-time
Proceeds investment agreement, at fair value- less current portion ProceedsInvestmentAgreementAtFairValueNonCurrent $3.28M USD Point-in-time
Proceeds investment agreement, at fair value- less current portion ProceedsInvestmentAgreementAtFairValueNonCurrent $9.14M USD Point-in-time
Operating lease obligations- less current portion OperatingLeaseLiabilityNoncurrent $35.58K USD Point-in-time
Operating lease obligations- less current portion OperatingLeaseLiabilityNoncurrent - USD Point-in-time
Contract liabilities-long term ContractWithCustomerLiabilityNoncurrent $1.99M USD Point-in-time
Contract liabilities-long term ContractWithCustomerLiabilityNoncurrent $1.91M USD Point-in-time
Total liabilities Liabilities $15.75M USD Point-in-time
Total liabilities Liabilities $16.61M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; shares issued: 11,126,055 - 2019 and 10,445,445 - 2018 CommonStockValue $10.45K USD Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; shares issued: 11,126,055 - 2019 and 10,445,445 - 2018 CommonStockValue $11.13K USD Point-in-time
Additional paid in capital AdditionalPaidInCapitalCommonStock $79.36M USD Point-in-time
Additional paid in capital AdditionalPaidInCapitalCommonStock $78.12M USD Point-in-time
Treasury stock, at cost (63,518 shares) TreasuryStockValue $2.16M USD Point-in-time
Treasury stock, at cost (63,518 shares) TreasuryStockValue $2.16M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-77.38M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-80.59M USD Point-in-time
Total stockholders' equity (deficit) StockholdersEquity $-1.41M USD Point-in-time
Total stockholders' equity (deficit) StockholdersEquity $-3.38M USD Point-in-time
Total stockholders' equity (deficit) StockholdersEquity $-1.11M USD Point-in-time
Total stockholders' equity (deficit) StockholdersEquity $863.75K USD Point-in-time
Total liabilities and stockholders' equity (deficit) LiabilitiesAndStockholdersEquity $14.34M USD Point-in-time
Total liabilities and stockholders' equity (deficit) LiabilitiesAndStockholdersEquity $13.24M USD Point-in-time
Income Statement 45 line items
Line Item Tag Value Unit Period
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $2.55M USD 1 Quarter
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $2.47M USD 1 Quarter
Total cost of revenue CostOfRevenue $1.37M USD 1 Quarter
Total cost of revenue CostOfRevenue $1.36M USD 1 Quarter
Gross profit GrossProfit $1.11M USD 1 Quarter
Gross profit GrossProfit $1.18M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $462.17K USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $440.12K USD 1 Quarter
Selling, advertising and promotional MarketingAndAdvertisingExpense $674.40K USD 1 Quarter
Selling, advertising and promotional MarketingAndAdvertisingExpense $755.99K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $725.20K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $493.52K USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.47M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $2.32M USD 1 Quarter
Total selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $4.27M USD 1 Quarter
Total selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $3.08M USD 1 Quarter
Operating loss OperatingIncomeLoss $-1.97M USD 1 Quarter
Operating loss OperatingIncomeLoss $-3.09M USD 1 Quarter
Interest and other income InterestAndOtherIncome $1.62K USD 1 Quarter
Interest and other income InterestAndOtherIncome $17.98K USD 1 Quarter
Change in warrant derivative liabilities FairValueAdjustmentOfWarrants - USD 1 Quarter
Change in warrant derivative liabilities FairValueAdjustmentOfWarrants $-889.00 USD 1 Quarter
Change in fair value of secured convertible debentures ChangeInFairValueOfSecuredConvertibleNotesPayable $-12.81K USD 1 Quarter
Change in fair value of secured convertible debentures ChangeInFairValueOfSecuredConvertibleNotesPayable - USD 1 Quarter
Change in fair value of proceeds investment agreement ChangeInFairValueOfProceedsInvestmentAgreement - USD 1 Quarter
Change in fair value of proceeds investment agreement ChangeInFairValueOfProceedsInvestmentAgreement $-137.00K USD 1 Quarter
Loss on the extinguishment of secured convertible debentures LossOnExtinguishmentOfSecuredConvertibleDebentures - USD 1 Quarter
Loss on the extinguishment of secured convertible debentures LossOnExtinguishmentOfSecuredConvertibleDebentures $-500.00K USD 1 Quarter
Interest expense InterestExpense $130.23K USD 1 Quarter
Interest expense InterestExpense - USD 1 Quarter
Loss before income tax (benefit) IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-3.21M USD 1 Quarter
Loss before income tax (benefit) IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-2.59M USD 1 Quarter
Income tax (benefit) IncomeTaxExpenseBenefit - USD 1 Quarter
Income tax (benefit) IncomeTaxExpenseBenefit - USD 1 Quarter
Net loss NetIncomeLoss $-3.21M USD 1 Quarter
Net loss NetIncomeLoss $-2.59M USD 1 Quarter
Net loss NetIncomeLoss $15.50M USD Annual
Basic EarningsPerShareBasic $-0.37 USD 1 Quarter
Basic EarningsPerShareBasic $-0.29 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.29 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.37 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 7.03M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 10.94M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 10.94M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 7.03M shares 1 Quarter
Cash Flow Statement 79 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-3.21M USD 1 Quarter
Net loss NetIncomeLoss $-2.59M USD 1 Quarter
Net loss NetIncomeLoss $15.50M USD Annual
Depreciation and amortization DepreciationAndAmortization $145.91K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $109.12K USD 1 Quarter
Change in fair value of warrant derivative liabilities FairValueAdjustmentOfWarrants - USD 1 Quarter
Change in fair value of warrant derivative liabilities FairValueAdjustmentOfWarrants $-889.00 USD 1 Quarter
Amortization of discount on subordinated note payable AmortizationOfDebtDiscountPremium $36.19K USD 1 Quarter
Amortization of discount on subordinated note payable AmortizationOfDebtDiscountPremium - USD 1 Quarter
Change in fair value of secured convertible note payable ChangeInFairValueOfSecuredConvertibleNotePayable - USD 1 Quarter
Change in fair value of secured convertible note payable ChangeInFairValueOfSecuredConvertibleNotePayable $12.81K USD 1 Quarter
Change in fair value of proceeds investment agreement ChangeInFairValueOfProceedsInvestmentAgreement - USD 1 Quarter
Change in fair value of proceeds investment agreement ChangeInFairValueOfProceedsInvestmentAgreement $-137.00K USD 1 Quarter
Stock based compensation ShareBasedCompensation $725.20K USD 1 Quarter
Stock based compensation ShareBasedCompensation $493.52K USD 1 Quarter
Provision for inventory obsolescence InventoryWriteDown $-262.13K USD 1 Quarter
Provision for inventory obsolescence InventoryWriteDown $162.86K USD 1 Quarter
Accounts receivable - trade IncreaseDecreaseInAccountsReceivable $-145.64K USD 1 Quarter
Accounts receivable - trade IncreaseDecreaseInAccountsReceivable $-583.20K USD 1 Quarter
Accounts receivable - other IncreaseDecreaseInAccountsAndOtherReceivables $-25.05K USD 1 Quarter
Accounts receivable - other IncreaseDecreaseInAccountsAndOtherReceivables $52.54K USD 1 Quarter
Operating lease right of use asset IncreaseDecreaseInOperatingLeaseRightOfUseAsset - USD 1 Quarter
Operating lease right of use asset IncreaseDecreaseInOperatingLeaseRightOfUseAsset $-113.33K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $159.13K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-728.68K USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-100.36K USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-191.77K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $41.80K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $36.02K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-143.66K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $839.11K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-419.69K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $472.64K USD 1 Quarter
Lease obligations with right of use asset IncreaseDecreaseInLeaseObligationsWithRightOfUseAsset $-32.16K USD 1 Quarter
Lease obligations with right of use asset IncreaseDecreaseInLeaseObligationsWithRightOfUseAsset - USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-6.38K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $244.00 USD 1 Quarter
Contract liabilities IncreaseDecreaseInCommodityContractAssetsAndLiabilities $113.61K USD 1 Quarter
Contract liabilities IncreaseDecreaseInCommodityContractAssetsAndLiabilities $164.27K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-578.18K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-1.65M USD 1 Quarter
Purchases of furniture, fixtures and equipment PaymentsToAcquirePropertyPlantAndEquipment $15.95K USD 1 Quarter
Purchases of furniture, fixtures and equipment PaymentsToAcquirePropertyPlantAndEquipment $59.28K USD 1 Quarter
Additions to intangible assets PaymentsToAcquireIntangibleAssets $25.49K USD 1 Quarter
Additions to intangible assets PaymentsToAcquireIntangibleAssets $30.86K USD 1 Quarter
Release of cash in accordance with secured convertible note PaymentsOfRestrictedCashRelatedToSecuredConvertibleNote $-500.00K USD 1 Quarter
Release of cash in accordance with secured convertible note PaymentsOfRestrictedCashRelatedToSecuredConvertibleNote - USD 1 Quarter
Net cash provided by (used) in investing activities NetCashProvidedByUsedInInvestingActivities $-84.77K USD 1 Quarter
Net cash provided by (used) in investing activities NetCashProvidedByUsedInInvestingActivities $453.19K USD 1 Quarter
Proceeds from exercise of warrants ProceedsFromWarrantExercises - USD 1 Quarter
Proceeds from exercise of warrants ProceedsFromWarrantExercises $516.00K USD 1 Quarter
Proceeds from subordinated notes payable ProceedsFromIssuanceOfSubordinatedLongTermDebt - USD 1 Quarter
Proceeds from subordinated notes payable ProceedsFromIssuanceOfSubordinatedLongTermDebt $250.00K USD 1 Quarter
Principal payments on capital lease obligation RepaymentsOfLongTermCapitalLeaseObligations - USD 1 Quarter
Principal payments on capital lease obligation RepaymentsOfLongTermCapitalLeaseObligations $8.49K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $241.51K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $516.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $116.51K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-1.22M USD 1 Quarter
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $54.71K USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $171.23K USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $2.38M USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $3.60M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $54.71K USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $171.23K USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $2.38M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $3.60M USD Point-in-time
Cash payments for interest InterestPaidNet - USD 1 Quarter
Cash payments for interest InterestPaidNet $72.08K USD 1 Quarter
Cash payments for income taxes IncomeTaxesPaidNet $5.76K USD 1 Quarter
Cash payments for income taxes IncomeTaxesPaidNet $6.38K USD 1 Quarter
Restricted common stock grant RestrictedCommonStockGrant $522.00 USD 1 Quarter
Restricted common stock grant RestrictedCommonStockGrant $84.00 USD 1 Quarter
Restricted common stock forfeitures RestrictedStockAwardForfeitures $2.00 USD 1 Quarter
Restricted common stock forfeitures RestrictedStockAwardForfeitures $26.00 USD 1 Quarter
Obtaining right of use asset for lease liability ObtainingRightOfUseAssetForLeaseLiability - USD 1 Quarter
Obtaining right of use asset for lease liability ObtainingRightOfUseAssetForLeaseLiability $500.75K USD 1 Quarter
Amounts allocated to common stock purchase warrants in connection with proceeds from subordinated notes payable AmountsAllocatedToCommonStockPurchaseWarrantsInConnectionWithProceedsFromSubordinatedNotesPayable - USD 1 Quarter
Amounts allocated to common stock purchase warrants in connection with proceeds from subordinated notes payable AmountsAllocatedToCommonStockPurchaseWarrantsInConnectionWithProceedsFromSubordinatedNotesPayable $47.66K USD 1 Quarter
Stockholders Equity 20 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $-1.41M USD Point-in-time
Balance StockholdersEquity $-3.38M USD Point-in-time
Balance StockholdersEquity $-1.11M USD Point-in-time
Balance StockholdersEquity $863.75K USD Point-in-time
Cumulative effects of adjustment for adoption of ASC 606 CumulativeEffectOnRetainedEarningsNetOfTax1 $71.44K USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $725.20K USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $493.52K USD 1 Quarter
Restricted common stock grant StockIssuedDuringPeriodValueRestrictedStockAwardGross - USD 1 Quarter
Restricted common stock grant StockIssuedDuringPeriodValueRestrictedStockAwardGross - USD 1 Quarter
Restricted common stock forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures - USD 1 Quarter
Restricted common stock forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures - USD 1 Quarter
Issuance of common stock purchase warrants in connection with issuance of subordinated notes payable AdjustmentsToAdditionalPaidInCapitalWarrantIssued $47.66K USD 1 Quarter
Issuance of common stock upon exercise of common stock purchase warrants IssuanceOfCommonStockUponExerciseOfCommonStockPurchaseWarrants $516.00K USD 1 Quarter
Net loss NetIncomeLoss $-3.21M USD 1 Quarter
Net loss NetIncomeLoss $-2.59M USD 1 Quarter
Net loss NetIncomeLoss $15.50M USD Annual
Balance StockholdersEquity $-1.41M USD Point-in-time
Balance StockholdersEquity $-3.38M USD Point-in-time
Balance StockholdersEquity $-1.11M USD Point-in-time
Balance StockholdersEquity $863.75K USD Point-in-time

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

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