Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 8,578,997 $ 882,268
Accounts receivable 30,322 0
Inventory 215,493 39,461
Prepaid expenses 200,905 12,553
Total current assets 9,025,717 934,282
SOBR Safe Intellectual Technology, net of accumulated amortization of $995,782 and $610,318 at December 31, 2022 and December 31, 2021, respectively 2,858,893 3,244,357
Other assets 27,427 30,576
Total Assets 11,912,037 4,209,215
Current liabilities    
Accounts payable 142,965 270,150
Accrued expenses 392,282 463,900
Accrued interest payable 469,691 252,110
Related party payables 1,887 82,883
Derivative liability 0 1,040,000
Convertible debenture payable    
* Includes unamortized debt discount related to warrants, beneficial conversion feature and embedded conversion feature of none and $1,291,882 at December 31, 2022 and December 31, 2021, respectively 0 1,756,899
Current portion notes payable - related parties    
* Includes unamortized debt discount related to warrants and beneficial conversion features of $145,548 and none at December 31, 2022 and December 31, 2021, respectively 866,262 11,810
Current portion notes payable - non-related parties    
* Includes unamortized debt discount related to warrants and beneficial conversion features of $144,878 and none at December 31, 2022 and December 31, 2021, respectively 948,597 104,183
Total current liabilities 2,821,684 3,981,935
Notes payable -related parties-less current portion    
* Includes unamortized debt discount related to warrants and beneficial conversion features of none and $645,547 at December 31, 2022 and December 31, 2021, respectively 0 354,453
Notes payable -non-related parties-less current portion    
* Includes unamortized debt discount related to warrants and beneficial conversion features of none and $648,580 at December 31, 2022 and December 31, 2021, respectively 0 356,420
Total Liabilities 2,821,684 4,692,808
Stockholders' Equity (Deficit)    
Preferred stock, value 0 0
Common stock, $0.00001 par value; 100,000,000 shares authorized; 16,984,570 and 8,778,555 shares issued and outstanding including shares held in treasury at December 31, 2022 and December 31, 2021, respectively 170 88
Treasury stock, at cost; 12,329 and no shares as of December 31, 2022 and December 31, 2021, respectively (38,015) 0
Additional paid-in capital 87,509,666 57,041,447
Accumulated deficit (78,327,845) (57,471,492)
Total SOBR Safe, Inc. stockholders' equity (deficit) 9,144,006 (429,957)
Noncontrolling interest (53,636) (53,653)
Total Stockholders' Equity (Deficit) 9,090,353 (483,593)
Total Liabilities and Stockholders' Equity (Deficit) 11,912,037 4,209,215
Series A Convertible Preferred stock    
Stockholders' Equity (Deficit)    
Preferred stock, value 0 0
Series A 1 Convertible Preferred stock    
Stockholders' Equity (Deficit)    
Preferred stock, value 0 0
Series B Convertible Preferred stock    
Stockholders' Equity (Deficit)    
Preferred stock, value $ 30 $ 0