SOBR Safe, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2024

INTANGIBLE ASSETS

INTANGIBLE ASSETS

NOTE 6. INTANGIBLE ASSETS

Intangible assets consisted of the following at September 30, 2024:

	Gross Carrying		Accumulated		Net Intangible		Amortization Period
	Amount		Amortization		Asset		(in years)
SOBRsafe^TM Intellectual Technology	$	3,854,675	$	1,670,344	$	2,184,331		10

Intangible assets consisted of the following at December 31, 2023:

	Gross Carrying		Accumulated		Net Intangible		Amortization Period
	Amount		Amortization		Asset		(in years)
SOBRsafe^TM Intellectual Technology	$	3,854,675	$	1,381,246	$	2,473,429		10

Amortization expense was $289,098 for each of the nine-month periods ended September 30, 2024, and 2023, and was $96,366 for each of the three-month periods ended September 30, 2024, and 2023.

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

2024				2025				2026				2027				2028				Thereafter
$	96,366			$	385,464			$	385,464			$	385,464			$	385,464			$	546,109