Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash $ 5,675,979 $ 8,578,997
Accounts receivable 31,128 30,322
Inventory 263,360 215,493
Prepaid expenses 396,777 200,905
Total current assets 6,367,244 9,025,717
Operating lease right-of-use assets, net 316,960 0
Intellectual technology, net of accumulated amortization of $1,188,514 and $995,782 at June 30, 2023 and December 31, 2022, respectively 2,666,161 2,858,893
Other assets 43,358 27,427
Total Assets 9,393,723 11,912,037
Current liabilities    
Accounts payable 410,920 142,965
Accrued expenses 393,467 392,282
Accrued interest payable 92,728 469,691
Related party payables 1,887 1,887
Operating lease liabilities, current portion 62,477 0
Notes payable - related parties    
* Includes unamortized debt discount related to warrants and beneficial conversion features of none and $145,548 at June 30, 2023 and December 31, 2022, respectively 11,810 866,262
Notes payable - non-related parties    
* Includes unamortized debt discount related to warrants and beneficial conversion feature of none and $144,878 at June 30, 2023 and December 31, 2022, respectively 284,729 948,597
Total current liabilities 1,258,018 2,821,684
Operating lease liabilities - less current portion 253,531 0
Notes payable - non-related parties - less current portion    
* Includes unamortized debt discount related to original issue discount, warrants and costs of issuance of $1,190,171 and none at June 30, 2023 and December 31, 2022, respectively 2,029,554 0
Accrued interest payable 50,208 0
Total Liabilities 3,591,311 2,821,684
Stockholders' Equity    
Preferred stock, $0.00001 par value; 16,300,000 shares authorized, no shares issued or outstanding at June 30, 2023 and December 31, 2022 0 0
Common stock, $0.00001 par value; 100,000,000 shares authorized, 18,544,570 and 16,984,570 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 185 170
Treasury stock, at cost; 12,329 shares at June 30, 2023 and December 31, 2022 (38,015) (38,015)
Additional paid-in capital 88,920,822 87,509,666
Accumulated deficit (83,026,918) (78,327,845)
Total SOBR Safe, Inc. stockholders' equity 5,856,074 9,144,006
Noncontrolling interest (53,662) (53,653)
Total Stockholders' Equity 5,802,412 9,090,353
Total Liabilities and Stockholders' Equity 9,393,723 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 June 30, 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 June 30, 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 June 30, 2023 and December 31, 2022 $ 0 $ 30