Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.20.2
INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2020
INTANGIBLE ASSETS  
Note 5. Intangible assets

Intangible assets consist of the following at June 30, 2020:

 

 

 

Gross

Carrying

 

 

Accumulated

 

 

Net

Intangible

 

 

Amortization

Period

 

 

 

Amount

 

 

Amortization

 

 

Asset

 

 

(in years)

 

SOBR Safe

 

 

 

 

 

 

 

 

 

 

 

 

Intellectual Technology

 

$ 3,854,675

 

 

$ 32,122

 

 

$ 3,822,553

 

 

 

10

 

 

Amortization expense for the three and six months ended June 30, 2020 was $32,122. There was no amortization expense for the three and six months ended June 30, 2019.

  

Estimated future amortization expense for device intellectual technology intangible assets is as follows:

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

Thereafter

 

$

385,467

 

 

$ 385,467

 

 

$ 385,467

 

 

$ 385,467

 

 

$ 385,467

 

 

$ 1,895,218