Company: SOBR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001477932-25-008092
Chunk: 0

Company: SOBR Safe, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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The condensed consolidated balance sheets as of September 30, 2025, and December 31, 2024, the condensed consolidated statements of operations for the three and nine months ended September 30, 2025, and 2024, the condensed consolidated statements of changes in stockholders’ equity for the three and nine months ended September 30, 2025, and 2024, and the condensed consolidated statements of cash flows for the nine months ended September 30, 2025, and 2024, follow. The unaudited condensed consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary to present a fair statement of the results for the interim periods presented. All such adjustments are of a normal and recurring nature.

 4Table of Contents

 SOBR SAFE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS  September 30,  December 31,   2025  2024 ASSETS (Unaudited)           Current assets      Cash $4,711,664  $8,384,042 Accounts receivable, net  32,384   24,460 Inventory  142,230   224,875 Prepaid expenses  313,521   192,637 Other current assets  19,161   46,060 Total current assets  5,218,960   8,872,074          Property and equipment, net  36,264   - Intellectual technology, net  1,798,867   2,087,965 Operating lease right-of-use assets, net  108,769   183,737 Other assets  27,427   27,427 Total Assets $7,190,287  $11,171,203          LIABILITIES & STOCKHOLDERS' EQUITY                 Current liabilities        Accounts payable $394,978  $422,557 Accrued expenses  360,012   498,128 Accrued interest payable  113,422   105,501 Deferred revenue  10,092   - Operating lease liabilities, current portion  121,584   111,303 Notes payable - related parties, net  11,810   11,810 Notes payable - non-related parties, net