CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) | ||||
| Revenues | $ 54,191 | $ 37,601 | $ 102,181 | $ 85,469 |
| Cost of goods and services | 41,156 | 16,576 | 65,937 | 46,640 |
| Gross profit | 13,035 | 21,025 | 36,244 | 38,829 |
| Operating expenses: | ||||
| General and administrative | 1,395,933 | 1,899,383 | 2,811,495 | 3,484,333 |
| Stock-based compensation expense | 185,910 | 627,762 | 400,308 | 1,326,675 |
| Research and development | 308,427 | 193,175 | 410,461 | 374,093 |
| Total operating expenses | 1,890,270 | 2,720,320 | 3,622,264 | 5,185,101 |
| Loss from operations | (1,877,235) | (2,699,295) | (3,586,020) | (5,146,272) |
| Other income (expense): | ||||
| Other income, net | 13,157 | 60,587 | 34,412 | 131,057 |
| Gain (loss) on debt extinguishment, net | 0 | (26,125) | 0 | (26,125) |
| Notes payable - conversion expense | 0 | 0 | (585,875) | 0 |
| Interest expense | (213,296) | (209,125) | (445,812) | (434,310) |
| Total other income (expense), net | (200,139) | (174,663) | (997,275) | (329,378) |
| Loss before provision for income taxes | (2,077,374) | (2,873,958) | (4,583,295) | (5,475,650) |
| Provision for income taxes | 0 | 0 | 0 | 0 |
| Net loss | (2,077,374) | (2,873,958) | (4,583,295) | (5,475,650) |
| Net loss attributable to noncontrolling interest | 4 | 4 | 9 | 9 |
| Net loss attributable to SOBR Safe, Inc. | (2,077,370) | (2,873,954) | (4,583,286) | (5,475,641) |
| Deemed dividends related to Convertible Debt Warrants down round provision | 0 | 0 | (23,270) | 0 |
| Deemed dividends related to PIPE Warrants down round provision | (4,336) | 0 | (46,875) | 0 |
| Deemed dividends related to Original Warrants and New Warrants down round provision | 0 | 0 | (1,455,805) | 0 |
| Warrant Inducement transactional costs | (341,297) | 0 | (341,297) | 0 |
| Net loss attributable to common stockholders | $ (2,423,003) | $ (2,873,954) | $ (6,450,533) | $ (5,475,641) |
| Basic and diluted loss per common share | $ (0.10) | $ (0.16) | $ (0.30) | $ (0.31) |
| Weighted average number of common shares outstanding | 23,429,766 | 18,361,768 | 21,253,818 | 17,730,426 |
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before tax, of income (loss) attributable to noncontrolling interest. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, before tax, of income (loss) attributable to parent. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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