Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 7,248,677 $ 882,268
Accounts receivable 8,484 0
Inventory 196,764 39,461
Prepaid expenses 656,140 12,553
Total current assets 8,110,065 934,282
SOBR Safe Intellectual Technology, net of accumulated amortization of $899,416 and $610,318 at September 30, 2022 and December 31, 2021, respectively 2,955,259 3,244,357
Other assets 27,427 30,576
Total Assets 11,092,751 4,209,215
Current liabilities    
Accounts payable 166,024 270,150
Accrued expenses 382,345 463,900
Accrued interest payable 424,453 252,110
Related party payables 1,887 82,883
Common stock payable 70,500 0
Derivative liability 0 1,040,000
Convertible debenture payable    
* Includes unamortized debt discount related to warrants, beneficial conversion feature and embedded conversion feature of none and $1,291,882 at September 30, 2022 and December 31, 2021, respectively 0 1,756,899
Current portion notes payable - related parties    
* Includes unamortized debt discount related to warrants and beneficial conversion features of $271,575 and none at September 30, 2022 and December 31, 2021, respectively 740,235 11,810
Current portion notes payable - non-related parties    
* Includes unamortized debt discount related to warrants and beneficial conversion features of $271,147 and none at September 30, 2022 and December 31, 2021, respectively 919,192 104,183
Total current liabilities 2,704,636 3,981,935
Notes payable -related parties-less current portion    
* Includes unamortized debt discount related to warrants and beneficial conversion features of none and $645,547 at September 30, 2022 and December 31, 2021, respectively 0 354,453
Notes payable -non-related parties-less current portion    
* Includes unamortized debt discount related to warrants and beneficial conversion features of none and $648,580 at September 30, 2022 and December 31, 2021, respectively 0 356,420
Total Liabilities 2,704,636 4,692,808
Stockholders' Equity (Deficit)    
Preferred stock, value 0 0
Common stock, $0.00001 par value; 100,000,000 shares authorized; 12,899,436 and 8,778,555 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 129 88
Additional paid-in capital 83,271,278 57,041,447
Accumulated deficit (74,829,673) (57,471,492)
Total SOBR Safe, Inc. stockholders' equity (deficit) 8,441,764 (429,957)
Noncontrolling interest (53,649) (53,636)
Total Stockholders' Equity (Deficit) 8,388,115 (483,593)
Total Liabilities and Stockholders' Equity (Deficit) 11,092,751 4,209,215
Series A Convertible Preferred Stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock, value 0 0
Series A-1 Convertible Preferred stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock, value 0 0
Series B Convertible Preferred Stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock, value $ 30 $ 0