Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 4,711,664 $ 8,384,042
Accounts receivable, net 32,384 24,460
Inventory 142,230 224,875
Prepaid expenses 313,521 192,637
Other current assets 19,161 46,060
Total current assets 5,218,960 8,872,074
Property and equipment, net 36,264 0
Intellectual technology, net 1,798,867 2,087,965
Operating lease right-of-use assets, net 108,769 183,737
Other assets 27,427 27,427
Total Assets 7,190,287 11,171,203
Current liabilities    
Accounts payable 394,978 422,557
Accrued expenses 360,012 498,128
Accrued interest payable 113,422 105,501
Deferred revenue 10,092 0
Operating lease liabilities, current portion 121,584 111,303
Notes payable - related parties, net 11,810 11,810
Notes payable - non-related parties, net 210,664 127,590
Total current liabilities 1,222,562 1,276,889
Operating lease liabilities, less current portion 0 91,993
Total Liabilities 1,222,562 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 September 30, 2025 and December 31, 2024, respectively 15 94
Treasury stock, at cost; 17 and 16 shares as of September 30, 2025 and December 31, 2024, respectively (38,015) (38,015)
Additional paid-in capital 110,499,728 108,222,324
Accumulated deficit (104,440,303) (98,328,395)
Total SOBR Safe, Inc. stockholders' equity 6,021,425 9,856,008
Noncontrolling interest (53,700) (53,687)
Total Stockholders' Equity 5,967,725 9,802,321
Total Liabilities and Stockholders' Equity $ 7,190,287 $ 11,171,203