Company: SOBR
Filing Date: 2025-05-16
Form Type: 10-Q/A
Source: 0001477932-25-003898
Chunk: 17

Company: SOBR Safe, Inc.
Filing Date: 2025-05-16
Form: 10-Q/A
Chunk 17
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| 14 |

NOTE 6. INTANGIBLE ASSETS

Intangible assets are comprised of SOBRsafe Intellectual Technology and consist of the following:

|                                |     |   | March 31,2025 |   |     |   | December 31,2024 |   |
|:-------------------------------|:----|:--|--------------:|:--|:----|:--|-----------------:|:--|
| Gross carrying amount          |     | $ |     3,854,675 |   |     | $ |        3,854,675 |   |
| Accumulated amortization       |     |   |    (1,863,076 | ) |     |   |       (1,766,710 | ) |
| Net intangible asset           |     | $ |     1,991,599 |   |     | $ |        2,087,965 |   |
| Amortization period (in years) |     |   |            10 |   |     |   |               10 |   |

Amortization expense was $ for each of the three-month periods ended March 31, 2025, and 2024.

Estimated future amortization expense for device technology intangible assets is as follows:

| 2025                              |     | $ |   289,098 |
| 2026                              |     |   |   385,464 |
| 2027                              |     |   |   385,464 |
| 2028                              |     |   |   385,464 |
| 2029                              |     |   |   385,464 |
| Thereafter                        |     |   |   160,645 |
| Total future amortization expense |     | $ | 1,991,599 |

NOTE 7. ACCRUED EXPENSES

Accrued expenses consist of the following:

|                        |     | 2025 | March 31, |     | 2024 | December 31, |
|:-----------------------|:----|:-----|----------:|:----|:-----|-------------:|
| Consulting services    |     | $    |   272,622 |     | $    |      293,395 |
| Other                  |     |      |   119,508 |     |      |      204,733 |
| Total accrued expenses |     | $    |