Company: SOBR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001477932-25-005544
Chunk: 43

Company: SOBR Safe, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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,566 was attributable to variable lease expenses. Operating lease obligations recorded on the condensed consolidated balance sheet at June 30, 2025 are as follows: Operating lease liabilities, current portion $118,619 Operating lease liabilities, long-term  30,883 Total operating lease liabilities  $149,502  Future lease payments included in the measurement of operating lease liabilities on the condensed consolidated balance sheet at June 30, 2025 are as follows: 2025 $63,299 2026  95,063 Total undiscounted future minimum lease payments  158,362 Less imputed interest  (8,860 )Total operating lease liabilities $149,502  The weighted average remaining lease term is 15 months, and the weighted average discount rate is 10%. 

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NOTE 6. INTANGIBLE ASSETS Intangible assets are comprised of SOBRsafeTM Intellectual Technology and consist of the following:   June 30,2025  December 31,2024 Gross carrying amount $3,854,675  $3,854,675 Accumulated amortization  (1,959,442 )  (1,766,710 )Net intangible asset $1,895,233  $2,087,965 Amortization period (in years)  10   10  Amortization expense was $192,732 for each of the six-month periods ended June 30, 2025, and 2024, and was $96,366 for the three-months ended June 30, 2025 and 2024. Estimated future amortization expense for SOBRsafeTM Intellectual Technology intangible assets is as follows: 2025 $192,732 2026  385,464 2027  385,464 2028  385,464 2029  385,464 Thereafter  160,645 Total future amortization expense $1,895,233 

NOTE 7. ACCRUED EXPENSES Accrued expenses consist of the following:   June 30,  December 31,   2025  2024 Consulting services $251,266  $293,395 Series A Warrant True-up Payment  1,640,000