Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash $ 2,166,404 $ 2,790,147
Accounts receivable, net 34,786 25,280
Inventory 281,938 342,782
Prepaid expenses 94,561 213,261
Other current assets 6,002 0
Total current assets 2,583,691 3,371,470
Intellectual technology, net 2,280,697 2,473,429
Operating lease right-of-use assets, net 230,429 274,713
Other assets 27,427 27,427
Total Assets 5,122,244 6,147,039
Current liabilities    
Accounts payable 519,753 525,665
Accrued expenses 518,728 726,940
Accrued interest payable 101,241 96,988
Operating lease liabilities, current portion 104,029 97,108
Notes payable - related parties 11,810 11,810
Notes payable - non-related parties, net 26,683 64,331
Total current liabilities 1,282,244 1,522,842
Operating lease liabilities - less current portion 149,502 203,295
Notes payable - non-related parties - less current portion, net 0 2,305,898
Accrued interest payable 0 132,467
Total Liabilities 1,431,746 4,164,502
Stockholders' Equity    
Common stock, $0.00001 par value; 100,000,000 shares authorized, 34,764,593 and 18,582,241 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 347 186
Treasury stock, at cost; 12,329 shares as of June 30, 2024 and December 31, 2023 (38,015) (38,015)
Additional paid-in capital 97,998,359 89,840,017
Accumulated deficit (94,216,514) (87,765,981)
Total SOBR Safe, Inc. stockholders' equity 3,744,177 2,036,207
Noncontrolling interest (53,679) (53,670)
Total Stockholders' Equity 3,690,498 1,982,537
Total Liabilities and Stockholders' Equity $ 5,122,244 $ 6,147,039