SOBR Safe, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

PROPERTY & EQUIPMENT

PROPERTY & EQUIPMENT

9 Months Ended

Sep. 30, 2014

Fixed asset values recorded at cost are as follows:

	September 30,			December 31,
	2014			2013
	(Unaudited)

Office and Lab Equipment	$	32,127		$	32,127
Furniture and fixtures		11,556			11,556
		43,683			43,683
Less accumulated depreciation		(43,035	)		(42,453)
Total	$	648		$	1,230

Depreciation expense for the nine months ended September 30, 2014 and 2013 was $582.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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