Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 2,790,147 $ 8,578,997
Accounts receivable, net 25,280 30,322
Inventory 342,782 215,493
Prepaid expenses 213,261 200,905
Total current assets 3,371,470 9,025,717
Intellectual technology, net 2,473,429 2,858,893
Operating lease right-of-use assets 274,713 0
Other assets 27,427 27,427
Total Assets 6,147,039 11,912,037
Current liabilities    
Accounts payable 525,665 142,965
Accrued expenses 726,940 392,282
Accrued interest payable 96,988 469,691
Related party payables 0 1,887
Operating lease liabilities, current portion 97,108 0
Notes payable - related parties, net 11,810 866,262
Notes payable - non-related parties, net 64,331 948,597
Total current liabilities 1,522,842 2,821,684
Operating lease liabilities, less current portion 203,295 0
Notes payable - non-related parties-less current portion, net 2,305,898 0
Accrued interest payable 132,467 0
Total Liabilities 4,164,502 2,821,684
Stockholders' Equity (Deficit)    
Preferred stock, value 0 0
Common stock, $0.00001 par value; 100,000,000 shares authorized; 18,582,241 and 16,984,570 shares issued and outstanding including shares held in treasury at December 31, 2023 and December 31, 2022, respectively 186 170
Treasury stock, at cost; 12,329 as of December 31, 2023 and December 31, 2022 (38,015) (38,015)
Additional paid-in capital 89,840,017 87,509,666
Accumulated deficit (87,765,981) (78,327,845)
Total SOBR Safe, Inc. stockholders' equity (deficit) 2,036,207 9,144,006
Noncontrolling interest (53,670) (53,653)
Total Stockholders' Equity (Deficit) 1,982,537 9,090,353
Total Liabilities and Stockholders' Equity (Deficit) 6,147,039 11,912,037
Series A one Convertible Preferred stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock, value 0 0
Series A Convertible Preferred stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock, value 0 0
Series B Convertible Preferred [Member]    
Stockholders' Equity (Deficit)    
Preferred stock, value $ 0 $ 30