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

Quarterly report pursuant to Section 13 or 15(d)

NOTE 3. PROPERTY & EQUIPMENT

NOTE 3. PROPERTY & EQUIPMENT

3 Months Ended

Mar. 31, 2015

Fixed asset values recorded at cost are as follows:

	March 31,		December 31,
	2015		2014

Office and Lab Equipment	$	32,127	$	32,127
Furniture and fixtures		11,556		11,556
		43,683		43,683
Less accumulated depreciation		(43,413		(43,229
Net	$	270	$	454

Depreciation expense for the three months ended March 31, 2015 and 2014 was $184 and $194, 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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