Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)    
Revenues $ 47,990 $ 47,868
Cost of goods and services 24,781 30,064
Gross profit 23,209 17,804
Operating expenses:    
General and administrative 1,415,562 1,584,950
Stock-based compensation expense 214,398 698,913
Research and development 102,034 180,918
Total operating expenses 1,731,994 2,464,781
Loss from operations (1,708,785) (2,446,977)
Other income (expense):    
Other income 21,255 70,470
Notes payable - conversion expense (585,875) 0
Interest expense (232,516) (225,185)
Total other expense, net (797,136) (154,715)
Loss before provision for income taxes (2,505,921) (2,601,692)
Provision for income taxes 0 0
Net loss (2,505,921) (2,601,692)
Net loss attributable to noncontrolling interest 5 5
Net loss attributable to SOBR Safe, Inc. (2,505,916) (2,601,687)
Deemed dividends related to Convertible Debt Warrants down round provision (23,270) 0
Deemed dividends related to PIPE Warrants down round provision (42,539) 0
Deemed dividends related to Original Warrants and New Warrants down round provision (1,455,805) 0
Net loss attributable to common stockholders $ (4,027,530) $ (2,601,687)
Basic and diluted loss per common share $ (0.21) $ (0.15)
Weighted average number of common shares outstanding, basic and diluted 19,077,870 17,092,070