Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenues $ 0 $ 0
Operating expenses:    
General and administrative 3,882,706 2,003,107
Stock-based compensation expense 473,748 273,443
Research and development 1,198,780 633,050
Loss on disposal of property and equipment 0 39,434
Asset impairment adjustment 0 25,320,555
Total operating expenses 5,555,234 28,269,589
Loss from operations (5,555,234) (28,269,589)
Other income (expense):    
Loss on debt extinguishment, net 0 (224,166)
Gain (loss) on fair value adjustment - derivatives (60,000) 60,650
Interest expense (1,420,063) (141,512)
Amortization of interest - beneficial conversion feature (835,081) (1,407,675)
Total other expense, net (2,315,144) (1,712,703)
Loss before provision for income taxes (7,870,378) (29,982,292)
Provision for income tax 0 0
Net loss (7,870,378) (29,982,292)
Net loss attributable to    
noncontrolling interest 106 120
Net loss attributable    
to SOBR Safe, Inc. (7,870,272) (29,982,172)
Dividends on convertible preferred stock 0 (107,880)
Net loss attributable to common stockholders $ (7,870,272) $ (30,090,052)
Basic and diluted loss per common share $ (0.30) $ (1.95)
Weighted average number of    
common shares outstanding 25,975,847 15,399,208