Quarterly report pursuant to Section 13 or 15(d)

ASSET PURCHASE (Details Narrative)

v3.20.2
ASSET PURCHASE (Details Narrative) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 05, 2020
Jun. 30, 2020
Jun. 30, 2020
Liability required $ 125,000 $ 158,000 $ 158,000
Exercise price per share     $ 0.50
Assets purchase upon shares issued 29,222,955 1,407,051 1,407,051
Assets purchase upon shares issued, shares 12,000,000    
Common stock issuable upon exercise of warrant, shares     320,000
Asset impairment loss   $ 25,320,555  
Fair value of warrants issued   $ 695,454 $ 695,454
Description of fair value of assets evaluation     The Company evaluated the fair value of the assets acquired based on market estimates for property and equipment and discounted net cash flow for the SOBR Safe intellectual technology. The present value of the discounted cash flow utilized a 75% discount, which included a 25% risk return premium, over an estimated five-year net revenue stream expected to be derived from the technology acquired.
Asset Purchase Agreement [Member] | IDTEC [Member]      
Common stock, shares issued upon assets purchase 12,000,000   12,000,000
Convertible notes, conversion price   $ 0.50 $ 0.50
Interest rate     10.00%
Convertible Notes Payable   $ 1,485,189 $ 1,485,189
Agreement Description i) The Company had to be current inreporting requirements under the Securities Exchange Act of 1934, as amended, (ii) had to complete a reverse stock split of common stock such that approximately 8,000,000 shares were outstanding immediately prior to closing the transaction, (iii) could only have outstanding convertible instruments as set forth in the APA, (iv) authorized common stock had to be reduced to 100,000,000 shares, and (v) not have more than approximately $125,000 in current liabilities.