SOBR Safe Inc
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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FY2024 · Filed Apr 15, 2025
SOBR$0.20-48.0%Stored close · as of Sep 15, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| For The Year Ended | ||||
|---|---|---|---|---|
| December 31, | ||||
| 2024 · 2023 | ||||
| Operating Activities: | ||||
| Net loss | $(8,609,156) | $(10,214,721) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Amortization of intangible assets | 385,464 | 385,464 | ||
| Amortization of debt discounts | 237,250 | 562,690 | ||
| Loss on debt extinguishment | - | 26,125 | ||
| Stock-based compensation expense | 729,712 | 2,245,871 | ||
| Non-cash conversion expense | 585,875 | - | ||
| Non-cash interest expense | 204,043 | 29,638 | ||
| Non-cash lease expense | 90,976 | 55,994 | ||
| Non-cash disposal of obsolete inventory | 115,741 | - | ||
| Bad debt expense | 25,260 | 3,124 | ||
| Changes in assets and liabilities: | ||||
| Accounts receivable | (24,440) | 1,918 | ||
| Inventory | 2,166 | (127,289) | ||
| Prepaid expenses | 284,690 | 655,507 | ||
| Other assets | (46,060) | - | ||
| Accounts payable | (103,108) | 382,700 | ||
| Accrued expenses | (311,403) | 334,658 | ||
| Accrued interest payable | 8,513 | (237,564) | ||
| Related party payables | - | (1,887) | ||
| Operating lease liabilities | (97,107) | (30,304) | ||
| Net cash used in operating activities | (6,521,584) | (5,928,076) | ||
| Financing Activities: | ||||
| Proceeds from notes payable - non-related parties | - | 3,000,001 | ||
| Repayments of notes payable – non-related parties | (200,808) | (1,323,025) | ||
| Repayments of notes payable - 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 | $ | - | $ | - |
SOBR SAFE, INC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.