v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenues $ 0 $ 0
Operating expenses:    
General and administrative 632,426 232,178
Stock-based compensation expense 273,443 44,082
Management salaries and consulting fees 1,370,681 498,246
Research and development 633,050 12,787
Total operating expenses 2,909,600 787,293
Loss from operations (2,909,600) (787,293)
Other income (expense):    
Loss on debt extinguishment, net (224,166) 0
Loss on disposal of property and equipment (39,434) 0
Gain on fair value adjustment - derivatives 60,650 4,150
Interest expense (141,512) (457,505)
Amortization of interest - beneficial conversion feature (1,407,675) (11,509)
Asset impairment adjustment (25,320,555) 0
Total other expense, net (27,072,692) (464,864)
Loss before provision for income taxes (29,982,292) (1,252,157)
Provision for income taxes 0 0
Provision for income tax 0 0
Net loss (29,982,292) (1,252,157)
Net loss attributable to noncontrolling interest 120 3,125
Net loss attributable to SOBR Safe, Inc. (29,982,172) (1,249,032)
Dividends on convertible preferred stock (107,880) 0
Net loss attributable to common stockholders $ (30,090,052) $ (1,249,032)
Basic and diluted loss per common share $ (1.95) $ (0.23)
Weighted average number of common shares outstanding 15,399,208 5,081,122

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