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

Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2022

INTANGIBLE ASSETS

INTANGIBLE ASSETS

NOTE 5. 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 September 30, 2022:

	Gross Carrying		Accumulated		Net Intangible		Amortization Period
	Amount		Amortization		Asset		(in years)
SOBR Safe
Intellectual Technology	$	3,854,675	$	899,416	$	2,955,259		10

Amortization expense for the nine-month periods ended September 30, 2022 and 2021 was $298,098 and $298,098, respectively, and is included in general and administrative expenses in the condensed consolidated statements of operations. Amortization expense for the three-month periods ended September 30, 2022 and 2021 was $99,366 and $99,366, respectively.

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

2023				2024				2025				2026				2027				Thereafter
$	385,467			$	385,467			$	385,467			$	385,467			$	385,467			$	1,027,924