SOBR Safe Inc

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

About this filing

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

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

	For The Year Ended
	December 31,
2023 · 2022
Operating Activities:
Net loss		$(10,214,721)		$(12,354,930)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of intangible assets		385,464		385,464
Amortization of debt discounts		562,690		2,295,586
(Gain) loss on debt extinguishment		26,125		(245,105)
Change in fair value of derivative liability		-		(1,040,000)
Stock-based compensation expense		2,245,871		3,008,395
Stock issued for professional services		-		864,500
Non-cash interest expense		29,638		-
Non-cash lease expense		55,994		-
Bad debt expense		3,124		-
Changes in assets and liabilities:
Accounts receivable		1,918		(30,322)
Inventory		(127,289)		(176,032)
Prepaid expenses		655,507		86,238
Other assets		-		3,148
Accounts payable		382,700		(127,185)
Accrued expenses		334,658		1,037,486
Accrued interest payable		(237,564)		217,581
Related party payables		(1,887)		(80,996)
Operating lease liabilities		(30,304)		-
Net cash used in operating activities		(5,928,076)		(6,156,172)
Financing Activities:
Proceeds from notes payable - non-related parties		3,000,001		-
Repayments of notes payable – non-related parties		(1,323,025)		(242,797)
Repayments of notes payable - related parties		(1,000,000)		-
Debt issuance costs		(537,750)		-
Proceeds from public equity offering		-		10,004,245
Cost of public equity offering		-		(1,309,882)
Proceeds from private equity offering		-		5,997,873
Cost of private equity offering		-		(875,900)
Proceeds from exercise of stock warrants, net		-		3,328,143
Repayments of convertible debenture payable		-		(3,048,781)
Net cash provided by financing activities		139,226		13,852,901
Net Change In Cash		(5,788,850)		7,696,729
Cash At The Beginning Of The Period		8,578,997		882,268
Cash At The End Of The Period		$2,790,147		$8,578,997
Schedule Of Non-Cash Investing And Financing Activities:
Issuance of common stock and warrants for prepaid services		$373,981	$	-
Non-related party debt converted to capital		$341,998		$47,500
Operating lease right-of-use assets and liabilities		$330,707	$	-
Financing of prepaid insurance premiums		$293,882		$(274,589)
Conversion of preferred stock to common stock		$30	$	-
Conversion of common stock to preferred stock	$	-		$30
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
Derecognition of convertible debenture	$	-		$3,048,781
Reacquisition value of convertible debenture	$	-		$(3,912,781)
Fair value of shares issued for services	$	-		$(719,000)
Exchange of common shares from exercise of stock options	$	-		$38,015
Reclassification of common shares from reverse stock split	$	-		$155
Supplemental Disclosure:
Cash paid for interest		$446,069		$30,722
Cash paid for income taxes	$	-	$	-

SOBR SAFE, Inc.

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