Company: SOBR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001477932-25-008092
Chunk: 20

Company: SOBR Safe, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 at September 30, 2025 are as follows: Operating lease liabilities, current portion $121,584 Operating lease liabilities, long-term  - Total operating lease liabilities  $121,584  Future lease payments included in the measurement of operating lease liabilities on the condensed consolidated balance sheet at September 30, 2025 are as follows: 2025 $32,126 2026  95,063 Total undiscounted future minimum lease payments  127,189 Less imputed interest  (5,605 )Total operating lease liabilities $121,584  The weighted-average remaining lease term is 12 months, and the weighted-average discount rate is 10%. 

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NOTE 6. PROPERTY AND EQUIPMENT, NET Property and equipment consist of the following:    September 30,2025  December 31,2024 Leasehold improvements $8,462  $- Furniture and fixtures  29,710   - Total property and equipment  38,172   - Accumulated depreciation  (1,908 )  - Net property and equipment $36,264  $-  Total depreciation expense was $1,908 for both the nine and the three months ended September 30, 2025. There was no depreciation expense for both the nine and the three months ended September 30, 2024.

NOTE 7. INTANGIBLE ASSETS Intangible assets are comprised of SOBRsafeTM  Intellectual Technology and consist of the following:   September 30,2025  December 31,2024 Gross carrying amount $3,854,675  $3,854,675 Accumulated amortization  (2,055,808)  (1,766,710)Net intangible asset $1,798,867  $2,087,965 Amortization period (in years)  10   10  Amortization expense was $289,098 for each of the nine months ended September 30, 2025, and 2024. Amortization expense was $96,366 for both the three months ended September 30, 2025 and 2024. Estimated future amortization expense for SOBRsafeTM Intellectual Technology intangible assets is as