debt
confidence high
sentiment negative
materiality 0.55
Digital Ally subsidiary defers $2.7M note repayment to 2025
KUSTOM ENTERTAINMENT, INC.
- TicketSmarter amends $2.7M related-party note; weekly $54K payments now start Jan 2, 2025, not Jan 2024.
- Interest remains at 13.25% per annum; full principal and accrued interest due by Dec 31, 2025.
- Lender is trust for benefit of TicketSmarter CEO and spouse; no events of default confirmed.
- Original $2.325M cash contribution in Sep 2023; amendment extends repayment timeline by one year.