XML 49 R39.htm IDEA: XBRL DOCUMENT v3.22.1

COMMON STOCK PURCHASE WARRANTS (Tables)

3 Months Ended

Mar. 31, 2022

Common Stock Purchase Warrants

SCHEDULE OF WARRANT MODIFICATION

SCHEDULE OF WARRANT MODIFICATION 

		Original terms at August 19, 2021				Modified terms at August 19, 2021
Volatility - range			109.3	%			104.7	%
Risk-free rate			0.78	%			0.78	%
Dividend			0	%			0	%
Remaining contractual term			4.5 years				5.1 years
Exercise price		$	3.25			$	3.25
Common stock issuable under the warrants			14,300,000				14,300,000

SCHEDULE OF FAIR VALUE OF THE WARRANT DERIVATIVE LIABILITIES

The Company has utilized the following assumptions in its Black-Scholes option valuation model to calculate the estimated fair value of the warrant derivative liabilities as of their date of issuance and as of March 31, 2022:

 SCHEDULE OF FAIR VALUE OF THE WARRANT DERIVATIVE LIABILITIES

		Issuance date assumptions				March 31, 2022 assumptions
Volatility - range			106.6 – 166.6	%			104.1	%
Risk-free rate			0.08 - 0.49	%			2.42	%
Dividend			0	%			0	%
Remaining contractual term			0.01 - 5 years				3.8 – 4.5 years
Exercise price		$	2.80 - 3.25			$	3.25
Common stock issuable under the warrants			42,550,000				24,300,000

SUMMARY OF WARRANT ACTIVITY

The following table summarizes information about shares issuable under warrants outstanding during the three months ended March 31, 2022:

 SUMMARY OF WARRANT ACTIVITY

		Warrants				Weighted average exercise price
Vested Balance, January 1, 2022			26,008,598			$	3.24
Granted			—				—
Exercised			—				—
Forfeited/cancelled			(166,667	)			3.36
Vested Balance, March 31, 2022			25,841,931			$	3.24

SUMMARY OF RANGE OF EXERCISE PRICES AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF WARRANTS

The following table summarizes the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable warrants to purchase shares of common stock as of March 31, 2022:

 SUMMARY OF RANGE OF EXERCISE PRICES AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF WARRANTS

				Outstanding and exercisable warrants
Exercise price				Number of warrants				Weighted average remaining contractual life
$	2.60				465,712			1.3 years
$	3.00				316,800			1.0 years
$	3.25				24,300,000			4.2 years
$	3.36				566,666			0.9 years
$	3.65				167,000			0.3 years
$	3.75				25,753			0.4 years
					25,841,931			4.0 years

X

- References

No definition available.

+ Details

Name:	DGLY_DisclosureCommonStockPurchaseWarrantsAbstract
Namespace Prefix:	DGLY_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Warrant Modification [TableTextBlock]

+ References

No definition available.

+ Details

Name:	DGLY_ScheduleOfWarrantModificationTableTextBlock
Namespace Prefix:	DGLY_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Summary of range of exercise prices and weighted average remaining contractual life of warrants [TableTextBlock].

+ References

No definition available.

+ Details

Name:	DGLY_SummaryOfRangeOfExercisePricesAndWightedAverageRemainingContractualLifeOfWarrantsTableTextBlock
Namespace Prefix:	DGLY_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section S99
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775

+ Details

Name:	us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration