SOBR Safe Inc

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

SOBR$0.20-48.0%Stored close · as of Sep 15, 2026

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Contents

Consolidated Statements of Operations

	For The Year Ended
	December 31,	December 31,
	2023	2022
Revenues	$157,292	$35,322
Cost of goods sold	94,942	19,315
Gross profit	62,350	16,007
Operating expenses:
General and administrative	6,400,723	6,024,001
Stock-based compensation expense	2,245,871	3,008,395
Research and development	1,016,302	1,397,053
Total operating expenses	9,662,896	10,429,449
Loss from operations	(9,600,546)	(10,413,442)
Other income (expense):
Other income	216,211	230,414
Gain (loss) on debt extinguishment, net	(26,125)	245,105
Gain on fair value adjustment - derivatives	-	1,040,000
Interest expense	(804,261)	(3,457,007)
Total other expense, net	(614,175)	(1,941,488)
Loss before provision for income taxes	(10,214,721)	(12,354,930)
Provision for income taxes	-	-
Net loss	(10,214,721)	(12,354,930)
Net loss attributable to noncontrolling interest	17	17
Net loss attributable to SOBR Safe, Inc.	(10,214,704)	(12,354,913)
Deemed dividends related to underwritten public offering warrants down round provision	-	(5,005,857)
Deemed dividends related to Original Warrants and New Warrant down round provision	-	(3,495,583)
Net loss attributable to common stockholders	$(10,214,704)	$(20,856,353)
Basic and diluted loss per common share	$(0.56)	$(1.90)
Weighted average number of common shares outstanding	18,147,830	11,003,049

SOBR SAFE, Inc.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.