PREFERRED STOCK (Details Narratve) - $ / shares |
1 Months Ended | 3 Months Ended | |||
---|---|---|---|---|---|
Dec. 09, 2019 |
Nov. 20, 2015 |
Mar. 31, 2023 |
Dec. 31, 2022 |
Mar. 01, 2022 |
|
Preferred Stock, Shares Authorized | 25,000,000 | ||||
Series B Convertible Preferred Stock [Member] | |||||
Preferred stock, share Issued | 3,000,000 | 3,000,000 | 3,000,000 | ||
Preferred Stock, Shares Authorized | 3,000,000 | 3,000,000 | 3,000,000 | ||
Preferred Stock, Par Value | $ 0.00001 | $ 0.00001 | |||
Exchange shares issued of common stcok | 333,333 | ||||
Common stock held by company | 666,667 | ||||
Series A Convertible Preferred Stock [Member] | |||||
Preferred stock, share Issued | 0 | 0 | |||
Preferred Stock Conversion Description | Series A Convertible Preferred Stock are convertible at a 35% discount rate to the average closing price per share of the Company’s common stock (either as listed on a national exchange or as quoted over-the-market) for the last 15 trading days immediately prior to conversion. However, no conversions of the Series A Convertible Preferred Stock to shares of common stock can occur unless the average closing price per share | ||||
Preferred Stock, Shares Authorized | 3,000,000 | 3,000,000 | 3,000,000 | ||
Preferred Stock, Par Value | $ 0.00001 | $ 0.00001 | $ 0.00001 | ||
Minimum Conversion Rate | $ 5.01 | ||||
Series A-1 Convertible Preferred stock [Member] | |||||
Preferred stock, share Issued | 0 | 0 | |||
Preferred Stock, Shares Authorized | 2,700,000 | 2,700,000 | |||
Preferred Stock, Par Value | $ 0.00001 | $ 0.00001 | |||
Series A-1 Convertible Preferred stock [Member] | SOBR's Director company [Member] | Series A-1 Preferred Stock Purchase Agreement [Member] | SOBR SAFE, LLC [Member] | |||||
Preferred Stock, Shares Authorized | 2,000,000 | ||||
Authorized Shares Increased | 2,700,000 | ||||
Right Of Dividend | 8.00% | ||||
Preferences And Rights Of Preferred Stock | (a) dividend rights of 8% per annum based on the original issuance price of $1 per share, (b) liquidation preference over the Company’s common stock, (c) conversion rights into shares of the Company’s common stock at $3 per share (not to be affected by any reverse stock split in connection with the Asset Purchase Agreement with IDTEC) |