SOBR Safe, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2024

NOTE 6. INTANGIBLE ASSETS

Intangible assets are comprised of SOBRsafe^TMIntellectual Technology and consist of the following:

	December 31, 2024			December 31, 2023
Gross carrying amount	$	3,854,675		$	3,854,675
Accumulated amortization		(1,766,710	)		(1,381,246	)
Net intangible asset	$	2,087,965		$	2,473,429
Amortization period (in years)		10			10

Amortization expense was $385,464 for the years ended December 31, 2024 and 2023, respectively.

Estimated future amortization expense for device technology intangible assets is as follows:

2025				2026				2027				2028				2029				Thereafter
$	385,464			$	385,464			$	385,464			$	385,464			$	385,464			$	160,645