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

INTANGIBLE ASSETS

v3.22.1
INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2021
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 6. INTANGIBLE ASSETS

 

Intangible assets consist of the following at December 31, 2021:

 

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Intangible

 

 

Amortization Period

 

 

 

Amount

 

 

Amortization

 

 

Asset

 

 

(in years)

 

SOBR Safe

 

 

 

 

 

 

 

 

 

 

 

 

Intellectual Technology

 

 $ 3,854,675

 

 

 $ 610,318

 

 

 $ 3,244,357

 

 

 

 10

 

  

Intangible assets consist of the following at December 31, 2020:

 

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Intangible

 

 

Amortization Period

 

 

 

Amount

 

 

Amortization

 

 

Asset

 

 

(in years)

 

SOBR Safe

 

 

 

 

 

 

 

 

 

 

 

 

Intellectual Technology

 

 $ 3,854,675

 

 

 $ 224,854

 

 

 $ 3,629,821

 

 

 

 10

 

       

Amortization expense for the years ended December 31, 2021 and 2020 was $385,464 and $224,854, respectively.

 

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

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

2026

 

 

Thereafter

 
$

385,467

 

 

 $ 385,467

 

 

 $ 385,467

 

 

 $ 385,467

 

 

 $ 385,467

 

 

 $ 1,317,022