Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

v3.22.1
INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2022
INTANGIBLE ASSETS  
Summary of Intangible Assets

 

 

Gross

Carrying

 

 

Accumulated

 

 

Net Intangible

 

 

Amortization Period

 

 

 

Amount

 

 

Amortization

 

 

Asset

 

 

(in years)

 

SOBR Safe

 

 

 

 

 

 

 

 

 

 

 

 

Intellectual Technology

 

$ 3,854,675

 

 

$ 610,318

 

 

$ 3,244,357

 

 

 

10

 

 

 

Gross

Carrying

 

 

Accumulated

 

 

Net Intangible

 

 

Amortization Period

 

 

 

Amount

 

 

Amortization

 

 

Asset

 

 

(in years)

 

SOBR Safe

 

 

 

 

 

 

 

 

 

 

 

 

Intellectual Technology

 

$ 3,854,675

 

 

$ 706,684

 

 

$ 3,147,991

 

 

 

10

 

Schedule of estimated future amortization expense

2023

 

 

2024

 

 

2025

 

 

2026

 

 

2027

 

 

Thereafter

 

$

385,467

 

 

$

385,467

 

 

$

385,467

 

 

$

385,467

 

 

$

385,467

 

 

$

1,220,656