Company: SOBR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001477932-25-005544
Chunk: 24

Company: SOBR Safe, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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The condensed consolidated balance sheets as of June 30, 2025, and December 31, 2024, the condensed consolidated statements of operations for the three and six months ended June 30, 2025, and 2024, the condensed consolidated statements of changes in stockholders’ equity for the three and six months ended June 30, 2025, and 2024, and the condensed consolidated statements of cash flows for the six months ended June 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  June 30,  December 31,   2025  2024 ASSETS (Unaudited)          Current assets      Cash $8,466,322  $8,384,042 Accounts receivable, net  46,984   24,460 Inventory  189,763   224,875 Prepaid expenses  92,410   192,637 Other current assets  4,142   46,060 Total current assets  8,799,621   8,872,074          Intellectual technology, net  1,895,233   2,087,965 Operating lease right-of-use assets, net  134,439   183,737 Other assets  27,427   27,427 Total Assets $10,856,720  $11,171,203          LIABILITIES & STOCKHOLDERS' EQUITY                 Current liabilities        Accounts payable $501,150  $422,557 Accrued expenses  2,005,041   498,128 Accrued interest payable  109,752   105,501 Deferred revenue  13,680   - Operating lease liabilities, current portion  118,619   111,303 Notes payable - related parties, net  11,810   11,810 Notes payable - non-related parties, net  26,683   127,590 Total