Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 8,290,003 $ 8,578,997
Accounts receivable 30,088 30,322
Inventory 249,732 215,493
Prepaid expenses 412,409 200,905
Total current assets 8,982,232 9,025,717
SOBR Safe Intellectual Technology, net of accumulated amortization of $1,092,148 and $995,782 at March 31, 2023 and December 31, 2022, respectively 2,762,527 2,858,893
Other assets 27,427 27,427
Total Assets 11,772,186 11,912,037
Current liabilities    
Accounts payable 341,124 142,965
Accrued expenses 304,296 392,282
Accrued interest payable - current portion 280,489 469,691
Related party payables 1,887 1,887
Current portion notes payable - related parties    
* Includes unamortized debt discount related to warrants and beneficial conversion features of $19,754 and $145,548 at March 31, 2023 and December 31, 2022, respectively 442,056 866,262
Current portion notes payable - non-related parties    
* Includes unamortized debt discount related to warrants and beneficial conversion feature of $14,151 and $144,878 at March 31, 2023 and December 31, 2022 467,532 948,597
Total current liabilities 1,837,384 2,821,684
Notes payable - non-related parties - less current portion    
* Includes unamortized debt discount related to original issue discount, warrants and costs of issuance of $1,433,312 and none at March 31, 2023 and December 31, 2022, respectively 2,096,101 0
Accrued interest payable 11,275 0
Total Liabilities 3,944,760 2,821,684
Stockholders' Equity    
Preferred stock, $0.00001 par value; 16,300,000 shares authorized, no shares issued or outstanding at March 31, 2023 and December 31, 2022 0 0
Common stock, $0.00001 par value; 100,000,000 shares authorized, 17,209,570 and 16,984,570 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 172 170
Treasury stock, at cost; 12,329 shares at March 31, 2023 and December 31, 2022 (38,015) (38,015)
Additional paid-in capital 88,071,861 87,509,666
Accumulated deficit (80,152,964) (78,327,845)
Total SOBR Safe, Inc. stockholders' equity 7,881,084 9,144,006
Noncontrolling interest (53,658) (53,653)
Total Stockholders' Equity 7,827,426 9,090,353
Total Liabilities and Stockholders' Equity 11,772,186 11,912,037
Series A Convertible Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock, $0.00001 par value; 16,300,000 shares authorized, no shares issued or outstanding at March 31, 2023 and December 31, 2022 0 0
Series A-1 Convertible Preferred stock [Member]    
Stockholders' Equity    
Preferred stock, $0.00001 par value; 16,300,000 shares authorized, no shares issued or outstanding at March 31, 2023 and December 31, 2022 0 0
Series B Convertible Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock, $0.00001 par value; 16,300,000 shares authorized, no shares issued or outstanding at March 31, 2023 and December 31, 2022 $ 30 $ 30