XML 63 R52.htm IDEA: XBRL DOCUMENT v3.24.2.u1
DEBT OBLIGATIONS (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Jan. 22, 2024
Nov. 30, 2023
Oct. 26, 2023
Jun. 02, 2023
Apr. 05, 2023
Feb. 23, 2023
Aug. 31, 2021
Jun. 30, 2021
May 12, 2020
Mar. 31, 2024
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Mar. 14, 2024
Dec. 31, 2023
Short-Term Debt [Line Items]                                
Face value       $ 125,000             $ 146,154   $ 146,154     $ 147,781
Principal loan through remittances                     $ 87,928   87,928      
Proceeds from convertible debt                         $ 2,640,000    
Common stock, par value                     $ 0.001   $ 0.001   $ 0.001 $ 0.001
Issuance of warrant derivative liabilities                         $ 576,380      
Conversion of convertible securities                       $ 119,750        
Loss on conversion of convertibleNote       $ 93,386                 93,386    
Debt issuance costs                         188,255      
Proceeds merchant advances                         1,144,000    
Loss on extinguishment of debt                     $ 68,827   68,827    
Merchant advances outstanding balance                     2,259,000   2,259,000     $ 1,350,000
Merchant advances entertainment segment outstanding balance                     1,373,101   1,373,101    
Merchant Cash Advances [Member]                                
Short-Term Debt [Line Items]                                
Amortization of debt discount                         820,429      
Short-term merchant advance   $ 1,050,000                            
Origination fees total   50,000                            
Net proceeds of origination fees   1,000,000                            
Short-term debt   $ 1,512,000                            
Loan interest rate   2.9                            
Repayments of short-term debt                         1,215,000      
Proceeds merchant advances                         1,144,000      
Merchant Cash Advances Entertainment Segment [Member]                                
Short-Term Debt [Line Items]                                
Amortization of debt discount                     139,118   202,868      
Short-term merchant advance                   $ 1,000,000            
Origination fees total                   85,000            
Net proceeds of origination fees                   915,000            
Short-term debt                   $ 1,425,000            
Loan interest rate                   5.19            
Repayments of short-term debt                         51,899      
Revolving Loan Agreement [Member]                                
Short-Term Debt [Line Items]                                
Proceeds from secured convertible debt     $ 4,880,000                          
Proceeds from secured convertible debt     3,162,500                          
Principal amount outstanding of loans     4,880,000                          
Debt instrument, repaid, principal     $ 97,600                          
Loan agreement description     the Company issued the Revolving Note to Kompass whereby the Company and Digital Ally Healthcare jointly and severally promise to pay to the order of Kompass the lesser of (i) $4,880,000.00, or (ii) the aggregate principal amount of all Revolving Loans outstanding under and pursuant to the Loan Agreement at the maturity or maturities and in the amount or amounts stated on the records of Kompass, together with interest (computed on the actual number of days elapsed on the basis of a 360 day year) at a floating per annum rate equal to the greater of (i) the Prime Rate plus four percent or (ii) eight percent, on the aggregate principal amount of all Revolving Loans outstanding from time to time as provided in the Loan Agreement.                          
Amortization of debt discount                     $ 23,435   $ 46,871      
Registration Rights Agreement [Member]                                
Short-Term Debt [Line Items]                                
Contractual interest rate                     10.00%   10.00%      
Purchaser percentage                     2.00%   2.00%      
Warrant [Member]                                
Short-Term Debt [Line Items]                                
Aggregate shares exercisable         1,125,000                      
Comprised shares         1,125,000                      
Warrant One [Member]                                
Short-Term Debt [Line Items]                                
Comprised shares         375,000                      
Warrant exercise price         $ 5.50                      
Common stock, par value         $ 0.001                      
Warrant Two [Member]                                
Short-Term Debt [Line Items]                                
Comprised shares         375,000                      
Warrant exercise price         $ 6.50                      
Warrant Three [Member]                                
Short-Term Debt [Line Items]                                
Comprised shares         375,000                      
Warrant exercise price         $ 7.50                      
Common Stock [Member]                                
Short-Term Debt [Line Items]                                
Common stock, convertible, conversion price, increase         $ 5.00                      
Debt instrument, redemption price, percentage         110.00%                      
Shares issued price per share       $ 5.00                        
Conversion of convertible securities, shares       25,000               25,000        
Conversion of convertible securities       $ 119,750               $ 25        
2020 Small Business Administration Notes [Member]                                
Short-Term Debt [Line Items]                                
Proceeds from loans                 $ 150,000              
Face value                 $ 150,000   $ 1,628   $ 1,628      
Contractual interest rate                 3.75%              
principal payment                 $ 731              
Interest expense                     1,383   2,758      
June Contingent Payment Note [Member]                                
Short-Term Debt [Line Items]                                
Face value               $ 350,000                
Contractual interest rate               3.00%                
principal payment               $ 290,952                
Principal amount               975,000                
Debt instrument fair value               $ 350,000     0   0     58,819
August Contingent Payment Note [Member]                                
Short-Term Debt [Line Items]                                
Face value             $ 650,000                  
Contractual interest rate             3.00%                  
principal payment             $ 681,907                  
Principal amount             3,000,000                  
Debt instrument fair value             $ 650,000       $ 0   0     $ 129,651
Twenty Twenty Three Commercial Extension Of Credit [Member]                                
Short-Term Debt [Line Items]                                
Line of credit           $ 1,000,000                    
Borrower percentage           25.00%                    
Credit facility description           The 25% withholding of the Borrower’s applicable remittance shall be deemed a “Payment” under the terms of this Note, and Payments shall continue until the earlier of (i) repayment of the Principal Sum, accrued Interest, and a fee of $35,000 or (ii) expiration of the Private Label Agreement on December 31, 2023.                    
2024 Commercial Extension Of Credit [Member]                                
Short-Term Debt [Line Items]                                
Line of credit $ 75,000                              
Monthly advances 100,000                              
Client fees $ 25,000                              
Deposits received                         575,000      
Advance payments                         562,500      
Outstanding balance                         $ 12,500      
Securities Purchase Agreement [Member]                                
Short-Term Debt [Line Items]                                
Contractual interest rate         10.00%                      
Principal amount         $ 3,000,000                      
Proceeds from convertible debt         2,700,000                      
Principal amount         $ 3,000,000