General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenues $ 35,322 $ 0
Cost of goods sold 19,315 0
Gross profit 16,007 0
Operating expenses:    
General and administrative 7,606,218 3,882,706
Stock-based compensation expense 1,426,178 473,748
Research and development 1,397,053 1,198,780
Total operating expenses 10,429,449 5,555,234
Loss from operations (10,413,442) (5,555,234)
Other income (expense):    
Other income 230,414 0
Gain on debt extinguishment, net 245,105 0
Gain (loss) on fair value adjustment - derivatives 1,040,000 (60,000)
Interest expense (2,535,519) (1,420,063)
Amortization of interest - debt discount (921,488) (835,081)
Total other expense, net (1,941,488) (2,315,144)
Loss before provision for income taxes (12,354,930) (7,870,378)
Provision for income taxes 0 0
Net loss (12,354,930) (7,870,378)
Net loss attributable to noncontrolling interest 17 106
Net loss attributable to SOBR Safe, Inc. (12,354,913) (7,870,272)
Deemed dividends related to underwritten public offering warrants down round provision (5,005,857) 0
Deemed dividend related to Original Warrants and New Warrant down round provision (3,495,583) 0
Net loss attributable to common stockholders $ (20,856,353) $ (7,870,272)
Basic and diluted loss per common share $ (1.90) $ (0.91)
Weighted average number of common shares outstanding 11,003,049 8,658,616