Company: SOBR
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001477932-25-002746
Chunk: 1102

Company: SOBR Safe, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 1102
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  (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-related parties  -   3,000,001 Repayments of notes payable – non-related parties  (200,808 )  (1,323,025 )Repayments of notes payable - related parties  -   (1,000,000 )Debt issuance costs  -   (537,750 )Proceeds from private equity offering  8,199,996   - Proceeds from exercise of stock warrants  5,340,747   - Payment for transaction costs of equity transactions  (1,224,456 )  - Net cash provided by financing activities  12,115,479   139,226          Net Change In Cash  5,593,895   (5,788,850 )         Cash At The Beginning Of The Period  2,790,147   8,578,997          Cash At The End Of The Period $8,384,042  $2,790,147          Schedule Of Non-Cash Investing And Financing Activities:        Non-related party debt converted to capital $2,879,279  $341,998 Deemed dividends related to original warrants and new warrants down round provision $1,541,833  $- Deemed dividends related to PIPE warrants down round provision $46,875  $- Deemed dividends related to convertible debt warrants down round provision $23,270  $- Value of exercise price reduction related to warrant inducement $341,297  $- Financing of prepaid insurance premiums $264,066  $293,882 Issuance of common stock and warrants for prepaid services $-  $373,981 Operating lease right-of-use assets and liabilities $-  $330,707