Company: SOBR
Filing Date: 2025-05-16
Form Type: 10-Q/A
Source: 0001477932-25-003898
Chunk: 18

Company: SOBR Safe, Inc.
Filing Date: 2025-05-16
Form: 10-Q/A
Chunk 18
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392,130 |     | $    |      498,128 |

| 15 |

NOTE 8. NOTES PAYABLE

RELATED PARTIES

Notes payable to related parties consist of the following:

|                              |     |   | March 31,2025 |   |     |   | December 31,2024 |   |
|:-----------------------------|:----|:--|--------------:|:--|:----|:--|-----------------:|:--|
| Non-convertible note payable |     | $ |        11,810 |   |     | $ |           11,810 |   |
| Less current portion         |     |   |       (11,810 | ) |     |   |          (11,810 | ) |
| Net long-term portion        |     | $ |             - |   |     | $ |                - |   |

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-month periods ended March 31, 2025 and 2024.

NON-RELATED PARTIES

Notes payable to non-related parties consist of the following:

|                                     |     | 2025 | March 31, |   |     | 2024 | December 31, |   |
|:------------------------------------|:----|:-----|----------:|:--|:----|:-----|-------------:|:--|
| Convertible notes payable           |     | $    |     9,183 |   |     | $    |        9,183 |   |
| Non-convertible notes payable       |     |      |    17,500 |   |     |      |       17,500 |   |
| Premium financing note payable      |     |      |         - |   |     |      |      100,907 |   |
| Net non-related party notes payable |     |      |    26,683 |   |     |      |      127,590 |   |
| Current portion                     |     |      |   (26,683 | ) |     |      |     (127,590 | ) |
| Net long-term portion               |     | $    |         - |   |     | $    |            - |   |

Total