v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)        
Revenues $ 0 $ 0 $ 0 $ 0
Operating expenses:        
General and administrative 177,915 81,483 276,107 150,497
Stock-based compensation expense 0 0 41,302 0
Management salaries and consulting fees 461,864 0 683,993 0
Research and development 89,570 0 157,280 0
Total operating expenses 729,349 81,483 1,158,682 150,497
Loss from operations (729,349) (81,483) (1,158,682) (150,497)
Other income (expense):        
Loss on extinguishment of debt, net (297,711) 0 (269,144) 0
Gain on fair value adjustment - derivatives 61,350 4,000 60,650 3,200
Interest expense (17,397) (67,065) (65,631) (130,951)
Amortization of interest - beneficial conversion feature (1,407,501) (12,407) (1,407,675) (17,763)
Asset impairment adjustment (25,320,555) 0 (25,320,555) 0
Total other income (expense) (26,981,814) (75,472) (27,002,355) (145,514)
Loss before provision for income taxes (27,711,163) (156,955) (28,161,037) (296,011)
Provision for income taxes 0 0 0 0
Net loss (27,711,163) (156,955) (28,161,037) (296,011)
Net loss attributable to noncontrolling interest 199 818 50 1,585
Net loss attributable to SOBR Safe, Inc. $ (27,710,964) $ (156,137) $ (28,160,987) $ (294,426)
Net loss per share        
(Basic and fully diluted) $ (2.45) $ (0.034) $ (2.97) $ (0.069)
Weighted average number of common shares outstanding 11,330,815 4,576,236 9,484,508 4,246,430

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