SOBR Safe, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2024

INTANGIBLE ASSETS

INTANGIBLE ASSETS

NOTE 6. INTANGIBLE ASSETS

Intangible assets consisted of the following at June 30, 2024:

	Gross Carrying		Accumulated		Net Intangible		Amortization Period
	Amount		Amortization		Asset		(in years)
SOBRsafe^TM Intellectual Technology	$	3,854,675	$	1,573,978	$	2,280,697		10

Intangible assets consisted of the following at December 31, 2023:

	Gross Carrying		Accumulated		Net Intangible		Amortization Period
	Amount		Amortization		Asset		(in years)
SOBRsafe^TM Intellectual Technology	$	3,854,675	$	1,381,246	$	2,473,429		10

Amortization expense was $192,732 for each of the six-month periods ended June 30, 2024, and 2023, and was $96,366 for each of the three-month periods ended June 30, 2024, and 2023.

Estimated future amortization expense for device technology intangible assets is as follows:

2024				2025				2026				2027				2028				Thereafter
$	192,732			$	385,464			$	385,464			$	385,464			$	385,464			$	546,109