General form of registration statement for all companies including face-amount certificate companies

PREFERRED (Details Narratve)

v3.21.2
PREFERRED (Details Narratve) - USD ($)
1 Months Ended 9 Months Ended 12 Months Ended
Dec. 07, 2020
Aug. 23, 2019
Aug. 08, 2019
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
May 07, 2020
Jan. 03, 2020
Dec. 31, 2019
Dec. 12, 2019
Dec. 09, 2019
Nov. 20, 2015
Accrued dividends payable           $ 107,880            
Preferred stock, shares authorized       19,300,000   19,300,000     19,300,000     25,000,000
Additional paid-in capital       $ 56,330,450   $ 52,693,974     $ 15,971,392      
Preferred stock dividend accrued         $ 161,880              
Preferred stock, par value       $ 0.00001   $ 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     2,700,000      
Convertible preferred stock converted 2,700,000                      
Right of dividend       8.00%   8.00%            
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      
Preferred stock dividend accrued         $ 161,880              
Purchase price from SPV, amount                   $ 1,000,000    
Preferred stock, par value       $ 0.00001   $ 0.00001     $ 0.00001      
Series A Convertible Preferred Stock [Member]                        
Preferred stock, shares authorized       3,000,000   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     $ 0.00001     $ 0.00001
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 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 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.   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            
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%                  
Investment Agreement [Member] | Convertible Preferred Stock [Member]                        
Raises fund description     The Company desired 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%                  
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                  
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   $ 22,127                    
Conversion price   $ 3.326           $ 0.133        
Additional paid-in capital           $ 498,516