Quarterly report pursuant to Section 13 or 15(d)

PREFERRED STOCK (Details Narratve)

v3.20.2
PREFERRED STOCK (Details Narratve) - USD ($)
1 Months Ended 6 Months Ended
Aug. 08, 2019
Jun. 30, 2020
Dec. 31, 2019
Dec. 12, 2019
Dec. 09, 2019
Mar. 08, 2017
Nov. 20, 2015
Preferred stock, shares authorized             25,000,000
Preferred stock, par value             $ 0.00001
Exercise price           $ 112,871  
First Capital Ventures [Member]              
Issuane of warrants upon purchase of common stock, shares 144,317            
Issuane of warrants upon purchase of common stock, amount $ 122,889            
Exercise price $ 1.039375            
Business Development [Member]              
Agreement term The Company agreed to enter into a “business development” agreement with FCV, or its assignee, on the sale of the first $1,000,000 of 8% Series A-1 Convertible Preferred Stock and also granted FCV and its assigns, the right to use the name “SOBR SAFE” and any related intellectual property in connection with the SPV, and the offering of the Interests in the SPV.            
Series A-1 Convertible Preferred stock [Member]              
Preferred stock, shares authorized   2,000,000 2,000,000        
Preferred stock, par value   $ 0.00001 $ 0.00001        
Purchase price from SPV, shares       1,000,000      
Preferred stock shares sold   1,770,000 1,000,000        
Purchase price from SPV, amount       $ 1,000,000      
Purchase price from SPV, percentage       52.00%      
Series A-1 Convertible Preferred stock [Member] | Series A-1 Preferred Stock Purchase Agreement [Member] | SOBR SAFE, LLC [Member] | SOBR's Director company [Member]              
Preferred stock, shares authorized         2,000,000    
Right of dividend         8.00%    
Shares issuance price         $ 1    
Preferences and rights of preferred stock (a) dividend rights of 8% per annum based on the original issuance price of $1 per share, (b) liquidation preference over the Company’s common stock, (c) conversion rights into shares of the Company’s common stock at $1 per share (not to be affected by any reverse stock split in connection with the Asset Purchase Agreement with IDTEC), (d) redemption rights such that we have the right, upon 30 days written notice, at any time after one year from the date of issuance, to redeem all or part of the Series A-1 Convertible Preferred Stock for 150% of the original issuance price, (e) no call rights by the Company, and (f) each share of Series A-1 Convertible Preferred Stock will vote on an “as converted” basis            
Convertible Preferred Stock [Member] | Investment Agreement [Member]              
Raises fund description The Company desires to raise between $1,000,000 and $2,000,000 from the sale of its 8% Series A-1 Convertible Preferred Stock and FCV intends to raise between $1,000,000 and $2,000,000 (net after offering expenses) in a special purchase vehicle (“SPV”) created by FCV to purchase the 8% Series A-1 Convertible Preferred Stock. The Company granted FCV and its assigns, the exclusive right to purchase the 8% Series A-1 Convertible Preferred Stock.            
Series A Convertible Preferred Stock [Member]              
Preferred stock, shares authorized             3,000,000
Preferred stock, par value             $ 0.000001
Preferred stock conversion description   Shares of the Series A Convertible Preferred Stock are convertible at a 35% discount rate to the average closing price per share of the Company’s common stock (either as listed on a national exchange or as quoted over-the-market) for the last 15 trading days immediately prior to conversion. However, no conversions of the Series A Convertible Preferred Stock to shares of common stock can occur unless the average closing price per share of the Corporation’s common stock (either as listed on a national exchange or as quoted over-the-market) for the last 15 trading days immediately prior to conversion is at least $1.67. The shares of Series A Convertible Preferred Stock vote on a one for one basis. The right of conversion is limited by the fact the holder of the Series A Convertible Preferred Stock may not convert if such conversion would cause the holder to beneficially own more than 4.9% of the Company’s common stock after giving effect to such conversion.