Company: SOBR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001477932-25-008092
Chunk: 61

Company: SOBR Safe, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 61
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 Canada, Australia, and New Zealand, while launching an alcohol detection and testing program for airport personnel and pilots outside of the U.S., building upon the Company's global footprint. ➢Expanded business-to-business sales in the first quarter of 2025 into the family law market to address the approximate 450,000 individuals undergoing domestic monitoring. ➢Converted the Company’s website presence to an ecommerce platform supporting both business to business and business to consumer channels facilitating hardware and software subscription sales creating a scalable mechanism for future sale growth. ➢Launched a comprehensive customer service support center to provide broader range of services including inbound and outbound communication capabilities. ➢Partnering with a leading university in the United States to support their research and development of a transdermal alcohol analytics platform utilizing SOBRsure devices for essential data acquisition. ➢On July 17, 2025, the Company’s stockholders approved and ratified an amendment to increase the number of shares authorized under the 2019 Equity Incentive Plan to 350,000 shares.

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Subsequent to the nine months ended September 30, 2025, the following developments occurred as detailed below:

 ➢As of October 31, 2025, the Company has successfully exited the one-year monitoring period by the Nasdaq Listing Qualification staff which expired on October 30, 2025. Thus, the Company is no longer subject to limitations surrounding the granting of addition time periods to cure and regain compliance with applicable Nasdaq listing requirements should the Company fall out of compliance in the future.

Summary of Results of Operations

Results of Operations for Three Months Ended September 30, 2025, Compared to Three Months Ended September 30, 2024

  Three Months EndedSeptember 30,   2025  2024 Revenues $108,893  $46,129 Cost of goods and services  71,026   15,992 Gross profit  37,867   30,137          Operating expenses:        General and administrative  2,117,641   1,499,296 Stock-based compensation expense  115,250   184,243 Research and development  30,102   194,466 Total operating expenses  2,262,993   1,878,005          Loss from operations  (2,225,126 )  (1,847