Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited)

v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)
Total
Common Stock [Member]
Preferred Stock [Member]
Treasury Stocks
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Stockholders Deficit SOBR Safe Inc [Member]
Noncontrolling Interest
Balance, shares at Dec. 31, 2021   8,778,555            
Balance, amount at Dec. 31, 2021 $ (483,593) $ 88 $ 0 $ 0 $ 57,041,447 $ (57,471,492) $ (429,957) $ (53,636)
Common stock issued for restricted stock units, shares   16,667            
Common stock issued for restricted stock units, amount 0 $ 0 0 0 0 0 0 0
Common stock issued for convertible debt, shares   7,917            
Common stock issued for convertible debt, amount 47,500 $ 0 $ 0 0 47,500 0 47,500 0
Common stock exchanged for convertible preferred stock, shares   (1,000,000) 3,000,000          
Common stock exchanged for convertible preferred stock, amount 0 $ (10) $ 30 0 (20) 0 0 0
Stock-based compensation 934,225 0 0 0 934,225 0 934,225 0
Paid-in capital - relative fair value of stock warrants granted 864,000 0 0 0 864,000 0 864,000 0
Net loss (5,569,683) $ 0 $ 0 0 0 (5,569,679) (5,569,679) (4)
Balance, shares at Mar. 31, 2022   7,803,139 3,000,000          
Balance, amount at Mar. 31, 2022 (4,207,551) $ 78 $ 30 0 58,887,152 (63,041,171) (4,153,911) (53,640)
Balance, shares at Dec. 31, 2021   8,778,555            
Balance, amount at Dec. 31, 2021 (483,593) $ 88 $ 0 0 57,041,447 (57,471,492) (429,957) (53,636)
Net loss (8,856,754)              
Balance, shares at Sep. 30, 2022   12,899,436 3,000,000          
Balance, amount at Sep. 30, 2022 8,388,115 $ 129 $ 30 0 83,271,278 (74,829,673) 8,441,764 (53,649)
Balance, shares at Mar. 31, 2022   7,803,139 3,000,000          
Balance, amount at Mar. 31, 2022 (4,207,551) $ 78 $ 30 0 58,887,152 (63,041,171) (4,153,911) (53,640)
Stock-based compensation 761,437 0 0 0 761,437 0 761,437 0
Net loss (188,381) $ 0 0 0 0 (188,376) (188,376) (5)
Common stock and warrants issued in public equity offering, net of issuance costs, shares   2,532,942            
Common stock and warrants issued in public equity offering, net of issuance costs, amount 8,694,363 $ 24 0 0 8,694,339 0 8,694,363 0
Additional common stock issued upon reverse stock split, shares   1,012            
Additional common stock issued upon reverse stock split, amount 0 $ 0 0 0 0 0 0 0
Common stock issued for professional services, shares   800,000            
Common stock issued for professional services, amount 719,000 $ 8 0 0 718,992 0 719,000 0
Common stock issued for restricted stock units vested, shares   16,666            
Common stock issued for restricted stock units vested, amount 0 $ 0 $ 0 0 0 0 0 0
Balance, shares at Jun. 30, 2022   10,973,759 3,000,000          
Balance, amount at Jun. 30, 2022 5,761,269 $ 110 $ 30 0 69,044,321 (63,229,547) 5,814,914 (53,645)
Stock-based compensation 594,763 0 0 0 594,763 0 594,763 0
Net loss (3,098,690) 0 0 0 0 (3,098,686) (3,098,686) (4)
Common stock issued for professional services, amount 5,130,773 $ 19 0 0 5,130,754 0 5,130,773 0
Common stock issued in financing transaction, net of issuance costs, shares   1,925,677            
Deemed dividend s related to warrant down round provisions 0 $ 0 $ 0 0 8,501,440 (8,501,440) 0 0
Balance, shares at Sep. 30, 2022   12,899,436 3,000,000          
Balance, amount at Sep. 30, 2022 8,388,115 $ 129 $ 30 $ 0 83,271,278 (74,829,673) 8,441,764 (53,649)
Balance, shares at Dec. 31, 2022   16,984,570 3,000,000 (12,329)        
Balance, amount at Dec. 31, 2022 9,090,353 $ 170 $ 30 $ (38,015) 87,509,666 (78,327,845) 9,144,006 (53,653)
Stock-based compensation 698,913 0 0 0 698,913 0 698,913 0
Net loss (2,601,692) $ 0 0 0 0 (2,601,687) (2,601,687) (5)
Common stock issued for professional services, shares   225,000            
Common stock issued for professional services, amount 211,500 $ 2 0 0 211,498 0 211,500 0
Cumulative effect of adopting ASU 2020-06 (132,646) 0 0 0 (909,214) 776,568 (132,646) 0
Warrants issued for services 162,481 0 0 0 162,481 0 162,481 0
Paid in capital - relative fair value of stock warrants granted, net of issuance costs 398,517 $ 0 $ 0 $ 0 398,517 0 398,517 0
Balance, shares at Mar. 31, 2023   17,209,570 3,000,000 (12,329)        
Balance, amount at Mar. 31, 2023 7,827,426 $ 172 $ 30 $ (38,015) 88,071,861 (80,152,964) 7,881,084 (53,658)
Balance, shares at Dec. 31, 2022   16,984,570 3,000,000 (12,329)        
Balance, amount at Dec. 31, 2022 9,090,353 $ 170 $ 30 $ (38,015) 87,509,666 (78,327,845) 9,144,006 (53,653)
Net loss $ (7,673,030)              
Common stock issued for professional services, shares 225,000              
Balance, shares at Sep. 30, 2023   18,544,570   (12,329)        
Balance, amount at Sep. 30, 2023 $ 4,115,031 $ 185   $ (38,015) 89,430,821 (85,224,294) 4,168,697 (53,666)
Balance, shares at Mar. 31, 2023   17,209,570 3,000,000 (12,329)        
Balance, amount at Mar. 31, 2023 7,827,426 $ 172 $ 30 $ (38,015) 88,071,861 (80,152,964) 7,881,084 (53,658)
Stock-based compensation 627,762 0 0 0 627,762 0 627,762 0
Net loss (2,873,958) $ 0 0 0 0 (2,873,954) (2,873,954) (4)
Common stock issued for restricted stock units vested, shares   185,000            
Common stock issued for restricted stock units vested, amount 0 $ 2 $ 0 0 (2) 0 0 0
Conversion of preferred stock to common stock, shares   1,000,000 (3,000,000)          
Conversion of preferred stock to common stock, amount 0 $ 10 $ (30) 0 20 0 0 0
Common stock issued upon conversion of convertible debt, shares   150,000            
Common stock issued upon conversion of convertible debt, amount 221,182 $ 1 0 $ 0 221,181 0 221,182 0
Balance, shares at Jun. 30, 2023   18,544,570   (12,329)        
Balance, amount at Jun. 30, 2023 5,802,412 $ 185 0 $ (38,015) 88,920,822 (83,026,918) 5,856,074 (53,662)
Stock-based compensation 509,999 0 0 0 509,999 0 509,999 0
Net loss (2,197,380) $ 0 $ 0 $ 0 0 (2,197,376) (2,197,376) (4)
Balance, shares at Sep. 30, 2023   18,544,570   (12,329)        
Balance, amount at Sep. 30, 2023 $ 4,115,031 $ 185   $ (38,015) $ 89,430,821 $ (85,224,294) $ 4,168,697 $ (53,666)