Company: SOBR
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001477932-25-002746
Chunk: 1167

Company: SOBR Safe, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9
Chunk 1167
---
 (8,609,156 )Balances at December 31, 2024  936,926   94   -   -   (16)  (38,015 )  108,222,324   (98,328,395 )  9,856,008   (53,687 )  9,802,321 

 The accompanying notes are an integral part of the consolidated financial statements.

 F-6Table of Contents

SOBR SAFE, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS

  For The Year Ended   December 31,   2024  2023        Operating Activities:      Net loss $(8,609,156 ) $(10,214,721 )         Adjustments to reconcile net loss to net cash used in operating activities:        Amortization of intangible assets  385,464   385,464 Amortization of debt discounts  237,250   562,690 Loss on debt extinguishment  -   26,125 Stock-based compensation expense  729,712   2,245,871 Non-cash conversion expense  585,875   - Non-cash interest expense  204,043   29,638 Non-cash lease expense  90,976   55,994 Non-cash disposal of obsolete inventory  115,741   - Bad debt expense  25,260   3,124 Changes in assets and liabilities:        Accounts receivable  (24,440 )  1,918 Inventory  2,166   (127,289 )Prepaid expenses  284,690   655,507 Other assets  (46,060 )  - Accounts payable  (103,108 )  382,700 Accrued expenses  (311,403 )  334,658 Accrued interest payable  8,513   (237,564 )Related party payables   -   (1,887 )Operating lease liabilities  (97,107 )  (30,304 )Net cash used in operating activities  (6,521,584 )  (5,928,076 )         Financing Activities:        Proceeds from notes payable - non