Company: SOBR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003832
Chunk: 9

Company: SOBR Safe, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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 from the exercise of warrants of $3,680,411, offset by issuance costs of $184,020 and financing payments of $100,907 for annual insurance premiums.

We had no cash provided by or used in financing activities during the three-months ended March 31, 2024

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  Table of Contents  

Contractual Obligations and Commitments

At March 31, 2025, the Company had contractual commitments to make payments under operating leases. Payments due under these commitments are as follows:

                                             Total      Due Within  
  Operating lease obligations             $176,734        $115,078  
  Total contractual cash obligations      $176,734        $115,078  

For additional information about our contractual commitments for these leases, see “ Note 5 - Leases” included in our Notes to the Condensed Consolidated Financial Statements.

Off Balance Sheet Arrangements

We have no off-balance sheet arrangements as of March 31, 2025, and December 31, 2024.

Effects of Inflation

We do not believe that inflation has had a material impact on our business, revenue or operating results during the periods presented. However, continued increases in inflation could have an adverse effect on our results of future operations, financial position, and liquidity in 2025.

Recent Accounting Pronouncements

New pronouncements issued for future implementation are discussed in Note 1 to the financial statements.

ITEM 3 Quantitative and Qualitative Disclosures About Market Risk