Company: SOBR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001477932-25-008092
Chunk: 21

Company: SOBR Safe, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 21
---
 follows: 2025 $96,366 2026  385,464 2027  385,464 2028  385,464 2029  385,464 Thereafter  160,645 Total future amortization expense $1,798,867 

NOTE 8. ACCRUED EXPENSES Accrued expenses consist of the following:   September 30,  December 31,   2025  2024 Consulting services $203,956  $293,395 Other  156,056   204,733 Total accrued expenses $360,012  $498,128 

NOTE 9. NOTES PAYABLE RELATED PARTIES Related party notes payable consist of the following:   September 30,2025  December 31,2024 Non-convertible note payable $11,810  $11,810 Less current portion   (11,810 )  (11,810 )Net long-term portion  $-  $- 

 17Table of Contents

 The Company has one related party note payable that has an interest rate of 0%. The note payable had a due date of December 31, 2012, and is currently in default. Total interest expense for the related party notes was none for both three and nine months ended September 30, 2025 and 2024. NON-RELATED PARTIES   Notes payable to non-related parties consist of the following:   September 30,2025  December 31,2024 Convertible notes payable $9,183  $9,183 Non-convertible notes payable  17,500   17,500 Premium financing note payable  183,981   100,907 Net non-related party notes payable  210,664   127,590 Current portion  (210,664 )  (127,590 )Net long-term portion $-  $-  Total interest expense for non-related party notes was $14,753 and $70,078 for the nine months ended September 30, 2025, and 2024, respectively. Total interest expense for non-related party notes was $8,961 and $5,593 for the three months ended September 30, 2025, and