Quarterly report [Sections 13 or 15(d)]

INTANGIBLE ASSETS

v3.25.3
INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2025
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 7. INTANGIBLE ASSETS

 

Intangible assets are comprised of SOBRsafeTM  Intellectual Technology and consist of the following:

 

 

 

September 30,

2025

 

 

December 31,

2024

 

Gross carrying amount

 

$ 3,854,675

 

 

$ 3,854,675

 

Accumulated amortization

 

 

(2,055,808 )

 

 

(1,766,710 )

Net intangible asset

 

$ 1,798,867

 

 

$ 2,087,965

 

Amortization period (in years)

 

 

10

 

 

 

10

 

 

Amortization expense was $289,098 for each of the nine months ended September 30, 2025, and 2024. Amortization expense was $96,366 for both the three months ended September 30, 2025 and 2024.

 

Estimated future amortization expense for SOBRsafeTM Intellectual Technology intangible assets is as follows:

 

2025

 

$ 96,366

 

2026

 

 

385,464

 

2027

 

 

385,464

 

2028

 

 

385,464

 

2029

 

 

385,464

 

Thereafter

 

 

160,645

 

Total future amortization expense

 

$ 1,798,867