v3.21.2

INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2021

INTANGIBLE ASSETS

NOTE 5. INTANGIBLE ASSETS

NOTE 5. INTANGIBLE ASSETS

Intangible assets consist of the following at September 30, 2021:

		Gross Carrying Amount				Accumulated Amortization				Net Intangible Asset				Amortization Period (in years)
SOBR Safe Intellectual Technology		$	3,854,675			$	513,952			$	3,340,723				10

Amortization expense for the nine-month period ended September 30, 2021 and 2020 was $298,098 and $128,488, respectively, and is included in general and administrative expenses in the consolidated statements of operations.

Estimated future amortization expense for device technology intangible assets is as follows:

2022				2023				2024				2025				2026				Thereafter
$	385,467			$	385,467			$	385,467			$	385,467			$	385,467			$	1,413,388

X

- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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X

- References

No definition available.

+ Details

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