Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 8,466,322 $ 8,384,042
Accounts receivable, net 46,984 24,460
Inventory 189,763 224,875
Prepaid expenses 92,410 192,637
Other current assets 4,142 46,060
Total current assets 8,799,621 8,872,074
Intellectual technology, net 1,895,233 2,087,965
Operating lease right-of-use assets, net 134,439 183,737
Other assets 27,427 27,427
Total Assets 10,856,720 11,171,203
Current liabilities    
Accounts payable 501,150 422,557
Accrued expenses 2,005,041 498,128
Accrued interest payable 109,752 105,501
Deferred revenue 13,680 0
Operating lease liabilities, current portion 118,619 111,303
Notes payable - related parties, net 11,810 11,810
Notes payable - non-related parties, net 26,683 127,590
Total current liabilities 2,786,735 1,276,889
Operating lease liabilities, less current portion 30,883 91,993
Total Liabilities 2,817,618 1,368,882
Stockholders' Equity    
Common stock, $0.00001 par value; 100,000,000 shares authorized, 1,516,238 and 936,926 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 15 94
Treasury stock, at cost; 17 and 16 shares as of June 30, 2025 and December 31, 2024, respectively (38,015) (38,015)
Additional paid-in capital 110,384,477 108,222,324
Accumulated deficit (102,253,679) (98,328,395)
Total SOBR Safe, Inc. stockholders' equity 8,092,798 9,856,008
Noncontrolling interest (53,696) (53,687)
Total Stockholders' Equity 8,039,102 9,802,321
Total Liabilities and Stockholders' Equity $ 10,856,720 $ 11,171,203