PREFERRED STOCK (Details Narratve) - USD ($) |
1 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|
Dec. 07, 2020 |
Dec. 09, 2019 |
Aug. 08, 2019 |
Dec. 31, 2021 |
Dec. 31, 2020 |
May 07, 2020 |
Nov. 20, 2015 |
|
Accrued dividends payable | $ 107,880 | ||||||
Preferred stock, shares authorized | 19,300,000 | 19,300,000 | 25,000,000 | ||||
Preferred stock, par value | $ 0.00001 | $ 0.00001 | |||||
Asset Purchase Agreement [Member] | SOBR SAFE, LLC [Member] | |||||||
Right of dividend | 8.00% | 8.00% | |||||
Convertible preferred stock issuable | 2,700,000 | ||||||
Series A-1 Convertible Preferred stock [Member] | |||||||
Accrued dividends payable | $ 107,880 | ||||||
Preferred stock, shares authorized | 1,000,000 | 2,700,000 | 2,700,000 | ||||
Preferred stock, par value | $ 0.00001 | $ 0.00001 | |||||
Cumulative dividends rate | 8.00% | ||||||
Conversion of preferred stock shares | 2,700,000 | ||||||
Converted shares of common stock | 2,700,000 | ||||||
Preferred stock shares sold | 2,700,000 | ||||||
Minimum conversion rate | $ 1.67 | ||||||
Series A-1 Convertible Preferred stock [Member] | SOBR's Director company [Member] | Series A-1 Preferred Stock Purchase Agreement [Member] | SOBR SAFE, LLC [Member] | |||||||
Preferred stock, shares authorized | 2,000,000 | 2,000,000 | |||||
Authorized shares increased | 2,700,000 | ||||||
Right of dividend | 8.00% | 8.00% | |||||
Shares issuance price | $ 1 | $ 1 | |||||
Preferences and rights of preferred stock | 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) | 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) | |||||
Series A Convertible Preferred Stock [Member] | |||||||
Preferred stock, shares authorized | 1,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | |||
Preferred stock, par value | $ 0.00001 | $ 0.00001 | $ 0.00001 | ||||
Acquire Convertible Preferred Stock | 1,000,000 | ||||||
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 |