SOBR Safe, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

NOTE 3. PROPERTY & EQUIPMENT

NOTE 3. PROPERTY & EQUIPMENT

12 Months Ended

Dec. 31, 2014

Fixed asset values recorded at cost are as follows:

	December 31, 2014			December 31, 2013

Office and Lab Equipment	$	32,127		$	31,616
Furniture and fixtures		11,556			11,556
		43,683			43,683
Less accumulated depreciation		(43,229	)		(42,453	)
Total	$	454		$	1,230

Depreciation expense for the years ended December 31, 2013 and 2014 was $777 and $776, respectively.

- 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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