Company: SOBR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001477932-25-008092
Chunk: 64

Company: SOBR Safe, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 64
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; Net Loss

Our operating loss increased by $377,258 from $1,847,868 for the three months ended September 30, 2024, compared to $2,225,126 for the three months ended September 30, 2025. The change in our operating loss for the three months ended September 30, 2024, compared to the same prior year period, is primarily a result in an increase in general and administrative expense (as detailed above), offset by decreases in stock-based compensation and research and development expenses.

Our net loss increased by $345,418 from $1,841,210 for the three months ended September 30, 2024, to $2,186,628 for the three months ended September 30, 2025. The change in our net loss for the three months ended September 30, 2024, compared to the same prior year period, is primarily a result in an increase our operating loss as detailed above, offset by an increase in interest income.

 30Table of Contents

Results of Operations for Nine Months Ended September 30, 2025, Compared to Nine Months Ended September 30, 2024

  Nine Months EndedSeptember 30,   2025  2024 Revenues $299,738  $148,310 Cost of goods and services  151,023   81,929 Gross profit  148,715   66,381          Operating expenses:        General and administrative  5,756,138   4,310,791 Stock-based compensation expense  370,180   584,551 Research and development  269,701   604,927 Total operating expenses  6,396,019   5,500,269          Loss from operations  (6,247,304 )  (5,433,888 )         Other income (expense):        Other income, net  200,889   46,978 Notes payable – conversion expense  -   (585,875 )Interest expense  (14,753 )  (451,720 )Total other income (expense), net  186,136   (990,617 )         Net loss $(6,061,168 ) $(6,424,505 )

Revenue  

Revenues of $299,738 for the nine months ended September