Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 1,336,250 $ 2,790,147
Accounts receivable, net 25,125 25,280
Inventory 320,603 342,782
Prepaid expenses 160,804 213,261
Other current assets 15,300 0
Total current assets 1,858,082 3,371,470
Intellectual technology, net 2,377,063 2,473,429
Operating lease right-of-use assets 252,863 274,713
Other assets 27,427 27,427
Total Assets 4,515,435 6,147,039
Current liabilities    
Accounts payable 632,738 525,665
Accrued expenses 522,455 726,940
Accrued interest payable 231,626 96,988
Operating lease liabilities, current portion 100,525 97,108
Notes payable - related parties 11,810 11,810
Notes payable - non-related parties, net 1,900,611 64,331
Total current liabilities 3,399,765 1,522,842
Operating lease liabilities, less current portion 176,734 203,295
Notes payable - non-related parties-less current portion, net 0 2,305,898
Accrued interest payable 0 132,467
Total Liabilities 3,576,499 4,164,502
Stockholders' Equity (Deficit)    
Common stock, $0.00001 par value; 100,000,000 shares authorized, 19,995,136 and 18,582,241 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 200 186
Treasury stock, at cost; 12,329 shares as of March 31, 2024 and December 31, 2023 (38,015) (38,015)
Additional paid-in capital 92,823,937 89,840,017
Accumulated deficit (91,793,511) (87,765,981)
Total SOBR Safe, Inc. stockholders' equity (deficit) 992,611 2,036,207
Noncontrolling interest (53,675) (53,670)
Total Stockholders' Equity (Deficit) 938,936 1,982,537
Total Liabilities and Stockholders' Equity (Deficit) $ 4,515,435 $ 6,147,039