Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 10,074,029 $ 8,384,042
Accounts receivable, net 28,606 24,460
Inventory 193,868 224,875
Prepaid expenses 189,482 192,637
Other current assets 22,385 46,060
Total current assets 10,508,370 8,872,074
Intellectual technology, net 1,991,599 2,087,965
Operating lease right-of-use assets, net 159,423 183,737
Other assets 27,427 27,427
Total Assets 12,686,819 11,171,203
Current liabilities    
Accounts payable 412,502 422,557
Accrued expenses 392,130 498,128
Interest Payable, Current 107,625 105,501
Operating lease liabilities, current portion 115,078 111,303
Notes payable - related parties, net 11,810 11,810
Notes payable - non-related parties, net 26,683 127,590
Total current liabilities 1,065,828 1,276,889
Operating lease liabilities, less current portion 61,656 91,993
Total Liabilities 1,127,484 1,368,882
Stockholders' Equity    
Common stock, $0.00001 par value; 100,000,000 shares authorized, 1,516,128 and 936,926 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 152 94
Treasury stock, at cost; 17 and 16 shares as of March 31, 2025 and December 31, 2024, respectively (38,015) (38,015)
Additional paid-in capital 111,909,088 108,222,324
Accumulated deficit (100,258,199) (98,328,395)
Total SOBR Safe, Inc. stockholders' equity 11,613,026 9,856,008
Noncontrolling interest (53,691) (53,687)
Total Stockholders' Equity 11,559,335 9,802,321
Total Liabilities and Stockholders' Equity $ 12,686,819 $ 11,171,203