Company: SOBR
Filing Date: 2025-05-16
Form Type: 10-Q/A
Source: 0001477932-25-003898
Chunk: 41

Company: SOBR Safe, Inc.
Filing Date: 2025-05-16
Form: 10-Q/A
Chunk 41
---
 These plans are contingent upon the actions to be performed by the Company which have been implemented through the quarter and will continue into future periods, however, these conditions have not been met on or before March 31, 2025. The Company has acquired additional proceeds net of transactional costs from the exercise of outstanding warrants of approximately $3,496,391 during the first quarter of 2025, increasing the Company’s cash balances. As such, Management believes despite limited revenue generation and positive operating cash flows being generated in the past, adequate cash balances and working capital are available to support ongoing operations for the next twelve months and the Company will continue as a going concern at March 31, 2026.

Our cash, total current assets, total assets, total current liabilities, and total liabilities as of March 31, 2025, and as of December 31, 2024, respectively, are as follows:

|                           |     |   | March 31, 2025 |     |   | December 31, 2024 |     |   |    Change |   |
|:--------------------------|:----|:--|---------------:|:----|:--|------------------:|:----|:--|----------:|:--|
| Cash                      |     | $ |     10,074,029 |     | $ |         8,384,042 |     | $ | 1,689,987 |   |
| Total current assets      |     |   |     10,508,370 |     |   |         8,872,074 |     |   | 1,636,296 |   |
| Total assets              |     |   |     12,686,819 |     |   |        11,171,203 |     |   | 1,515,616 |   |
| Total current liabilities |     |   |      1,065,828 |     |   |         1,276,889 |     |   |  (211,061 | ) |
| Total liabilities         |     |   |      1,127,484 |     |   |         1,368,882 |     |   |  (241,398 | ) |

Our total current assets and total assets increased as of March 31, 2025, as compared to December 31, 2024, primarily due to proceeds received from the exercise of common stock warrants issued in the 202