Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash $ 304,537 $ 2,790,147
Accounts receivable, net 45,651 25,280
Inventory 269,984 342,782
Prepaid expenses 288,590 213,261
Other current assets 21,534 0
Total current assets 930,296 3,371,470
Intellectual technology, net 2,184,331 2,473,429
Operating lease right-of-use assets, net 207,398 274,713
Other assets 27,427 27,427
Total Assets 3,349,452 6,147,039
Current liabilities    
Accounts payable 325,310 525,665
Accrued expenses 419,999 726,940
Accrued interest payable 103,371 96,988
Operating lease liabilities, current portion 107,620 97,108
Notes payable - related parties 11,810 11,810
Notes payable - non-related parties, net 226,227 64,331
Total current liabilities 1,194,337 1,522,842
Operating lease liabilities - less current portion 121,584 203,295
Notes payable - non-related parties - less current portion, net 0 2,305,898
Accrued interest payables 0 132,467
Total Liabilities 1,315,921 4,164,502
Stockholders' Equity    
Common stock, $0.00001 par value; 100,000,000 shares authorized, 316,046 and 169,044 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 3 2
Treasury stock, at cost; 113 shares as of September 30, 2024 and December 31, 2023 (38,015) (38,015)
Additional paid-in capital 98,182,946 89,840,201
Accumulated deficit (96,057,720) (87,765,981)
Total SOBR Safe, Inc. stockholders' equity 2,087,214 2,036,207
Noncontrolling interest (53,683) (53,670)
Total Stockholders' Equity 2,033,531 1,982,537
Total Liabilities and Stockholders' Equity $ 3,349,452 $ 6,147,039