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

9 Months Ended

Sep. 30, 2017

Operating Leases

The Company leases its office space under a long-term operating lease expiring in June 2019. Rent expense under this lease, including CAM charges, was $39,315 and $39,315 for the nine months ended September 30, 2017 and September 30, 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		12,300		49,200		24,600		-		-		86,100
	$	12,300	$	49,200	$	24,600	$	-	$	-	$	86,100