ASSET PURCHASE (Details Narrative) - USD ($) |
9 Months Ended | |||
|---|---|---|---|---|
Jun. 05, 2020 |
Sep. 30, 2021 |
May 31, 2021 |
Mar. 31, 2021 |
|
| Liability required | $ 125,000 | $ 158,000 | ||
| Exercise price per share | $ 0.50 | |||
| Market price of shares | $ 27,120,000 | |||
| Assets purchase upon shares issued | $ 29,222,955 | $ 1,407,051 | ||
| Assets purchase upon shares issued, shares | 12,000,000 | |||
| Common stock issuable upon exercise of warrant, shares | 320,000 | |||
| Asset impairment charges loss | $ 25,320,555 | |||
| Fair value of warrants issued | $ 695,454 | |||
| Description of fair value of assets evaluation | assets acquired based on market estimates for property and equipment and discounted net cash flow for the SOBR Safe intellectual technology. The present value of the discounted cash flow utilized a 75% discount, which included a 25% risk return premium, over an estimated five-year net revenue stream expected to be derived from the technology acquired | |||
| Convertible Notes Payable | $ 225,000 | $ 275,000 | ||
| Asset Purchase Agreement [Member] | IDTEC [Member] | ||||
| Common stock, shares issued upon assets purchase | 12,000,000 | |||
| Convertible notes, conversion price | $ 0.50 | |||
| Interest rate | 10.00% | |||
| Convertible Notes Payable | $ 1,485,189 |