SOBR Safe, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

NOTE 9. COMMITMENTS AND CONTINGENCIES

NOTE 9. COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2017

Operating Leases

The Company leases its office space under a long-term operating lease expiring in June 2019. Rent expense under this lease was $12,300 and $13,105 for the three months ended March 31, 2017 and March 31, 2016, respectively.

As of December 31, 2016, future minimum annual payments under operating lease agreements for years ending December 31 are as follows.

		2017		2018		2019		2020		2021	Total

Operating leases		36,900		49,200		24,600		-		-		110,700
	$	36,900	$	49,200	$	24,600	$	-	$	-	$	110,700