Annual report pursuant to Section 13 and 15(d)

PREFERRED STOCK (Details Narratve)

v3.21.1
PREFERRED STOCK (Details Narratve) - USD ($)
1 Months Ended 12 Months Ended
Dec. 07, 2020
Aug. 23, 2019
Aug. 08, 2019
Dec. 31, 2020
May 07, 2020
Jan. 03, 2020
Dec. 31, 2019
Dec. 12, 2019
Dec. 09, 2019
Mar. 08, 2017
Nov. 20, 2015
Accrued dividends payable       $ 107,880              
Preferred stock, shares authorized       19,300,000     19,300,000       25,000,000
Additional paid-in capital       $ 52,693,974     $ 15,971,392        
Exercise price                   $ 112,871  
Preferred stock, par value       $ 0.00001     $ 0.00001        
First Capital Ventures [Member]                      
Issuane of warrants upon purchase of common stock, shares     144,317                
Issuane of warrants upon purchase of common stock, amount     $ 122,889                
Exercise price     $ 1.039375                
Series A-1 Convertible Preferred stock [Member]                      
Preferred stock, shares authorized       2,700,000     2,700,000        
Convertible preferred stock converted 2,700,000                    
Converted shares of common stock 2,700,000                    
Purchase price from SPV, shares               1,000,000      
Preferred stock shares sold       2,700,000     1,000,000        
Purchase price from SPV, amount               $ 1,000,000      
Preferred stock, par value       $ 0.00001     $ 0.00001        
Series A Convertible Preferred Stock [Member]                      
Preferred stock, shares authorized       3,000,000     3,000,000       3,000,000
Convertible preferred stock converted       1,388,575              
Common stock shares issuable for preferred stock       417,491              
Conversion price       $ 3.326              
Additional paid-in capital       $ 1,329,561              
Preferred stock, par value       $ 0.00001     $ 0.00001       $ 0.000001
Preferred stock conversion description       Series A Convertible Preferred Stock are convertible at a 35% discount rate to the average closing price per share of the Company’s common stock (either as listed on a national exchange or as quoted over-the-market) for the last 15 trading days immediately prior to conversion. However, no conversions of the Series A Convertible Preferred Stock to shares of common stock can occur unless the average closing price per share of the Corporation’s common stock (either as listed on a national exchange or as quoted over-the-market) for the last 15 trading days immediately prior to conversion is at least $1.67. The shares of Series A Convertible Preferred Stock vote on a one for one basis. The right of conversion is limited by the fact the holder of the Series A Convertible Preferred Stock may not convert if such conversion would cause the holder to beneficially own more than 4.9% of the Company’s common stock after giving effect to such conversion.              
Business Development [Member]                      
Agreement term     The Company agreed to enter into a “business development” agreement with FCV, or its assignee, on the sale of the first $1,000,000 of 8% Series A-1 Convertible Preferred Stock and also granted FCV and its assigns, the right to use the name “SOBR SAFE” and any related intellectual property in connection with the SPV, and the offering of the Interests in the SPV.                
Investment Agreement [Member] | Convertible Preferred Stock [Member]                      
Raises fund description     The Company desires to raise between $1,000,000 and $2,000,000 from the sale of its 8% Series A-1 Convertible Preferred Stock and FCV intends to raise between $1,000,000 and $2,000,000 (net after offering expenses) in a special purchase vehicle (“SPV”) created by FCV to purchase the 8% Series A-1 Convertible Preferred Stock. The Company granted FCV and its assigns, the exclusive right to purchase the 8% Series A-1 Convertible Preferred Stock.                
SOBR SAFE, LLC [Member] | Asset Purchase Agreement [Member]                      
Convertible preferred stock issuable         2,700,000            
SOBR SAFE, LLC [Member] | Series A-1 Preferred Stock Purchase Agreement [Member] | Series A-1 Convertible Preferred stock [Member] | SOBR's Director company [Member]                      
Preferred stock, shares authorized                 2,000,000    
Right of dividend                 8.00%    
Shares issuance price                 $ 1    
Preferences and rights of preferred stock     (a) dividend rights of 8% per annum based on the original issuance price of $1 per share, (b) liquidation preference over the Company’s common stock, (c) conversion rights into shares of the Company’s common stock at $1 per share (not to be affected by any reverse stock split in connection with the Asset Purchase Agreement with IDTEC), (d) redemption rights such that we have the right, upon 30 days written notice, at any time after one year from the date of issuance, to redeem all or part of the Series A-1 Convertible Preferred Stock for 150% of the original issuance price, (e) no call rights by the Company, and (f) each share of Series A-1 Convertible Preferred Stock will vote on an “as converted” basis                
Vernon Justus [Member] | Share Exchange Agreement [Member]                      
Convertible preferred stock converted   867,932                  
Common stock shares issuable for preferred stock   260,954                  
Fair value of the common shares   $ 36,887                  
Conversion price   $ 3.326       $ 0.133          
Additional paid-in capital   $ 831,045   $ 831,045              
Michael Lanphere [Member] | Share Exchange Agreement [Member]                      
Convertible preferred stock converted   520,643                  
Common stock shares issuable for preferred stock   156,537                  
Fair value of the common shares   $ 22,157                  
Conversion price   $ 3.326       $ 0.133          
Additional paid-in capital       $ 498,516