Company: SOBR
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001477932-25-002746
Chunk: 187

Company: SOBR Safe, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 15
Chunk 187
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 - related parties  -   (1,000,000 )Debt issuance costs  -   (537,750 )Proceeds from private equity offering  8,199,996   - Proceeds from exercise of stock warrants  5,340,747   - Payment for transaction costs of equity transactions  (1,224,456 )  - Net cash provided by financing activities  12,115,479   139,226          Net Change In Cash  5,593,895   (5,788,850 )         Cash At The Beginning Of The Period  2,790,147   8,578,997          Cash At The End Of The Period $8,384,042  $2,790,147          Schedule Of Non-Cash Investing And Financing Activities:        Non-related party debt converted to capital $2,879,279  $341,998 Deemed dividends related to original warrants and new warrants down round provision $1,541,833  $- Deemed dividends related to PIPE warrants down round provision $46,875  $- Deemed dividends related to convertible debt warrants down round provision $23,270  $- Value of exercise price reduction related to warrant inducement $341,297  $- Financing of prepaid insurance premiums $264,066  $293,882 Issuance of common stock and warrants for prepaid services $-  $373,981 Operating lease right-of-use assets and liabilities $-  $330,707 Conversion of preferred stock to common stock $-  $30          Supplemental Disclosure:        Cash paid for interest $32,579  $446,069 Cash paid for income taxes $-  $- 

The accompanying notes are an integral part of the consolidated financial statements.

 F-7Table of Contents

SOBR SAFE, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

NOTE 1. ORGANIZATION, OPERATIONS, AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  SOBR Safe, Inc., a Delaware corporation, (the “Company”, “we”, “us”, and “our”) is a hardware and software company headquartered in