v3.22.2.2

INTANGIBLE ASSETS | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2022 | Dec. 31, 2021
INTANGIBLE ASSETS |  |
INTANGIBLE ASSETS | NOTE 5. INTANGIBLE ASSETS Intangible assets consist of the following at December 31, 2021:
|  | Gross Carrying |  |  | Accumulated |  |  | Net Intangible |  |  | Amortization Period |
|  | Amount |  |  | Amortization |  |  | Asset |  |  | (in years) |
SOBR Safe |  |  |  |  |  |  |  |  |  |  |  |
Intellectual Technology |  | $ | 3,854,675 |  |  | $ | 610,318 |  |  | $ | 3,244,357 |  |  |  | 10 |
Intangible assets consist of the following at June 30, 2022:
|  | Gross Carrying |  |  | Accumulated |  |  | Net Intangible |  |  | Amortization Period |
|  | Amount |  |  | Amortization |  |  | Asset |  |  | (in years) |
SOBR Safe |  |  |  |  |  |  |  |  |  |  |  |
Intellectual Technology |  | $ | 3,854,675 |  |  | $ | 803,050 |  |  | $ | 3,051,625 |  |  |  | 10 |
Amortization expense for the six-month period ended June 30, 2022 and 2021 was $192,732 and $192,732, respectively, and is included in general and administrative expenses in the condensed consolidated statements of operations. Estimated future amortization expense for device technology intangible assets is as follows:
2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | Thereafter |
$ | 385,467 |  |  | $ | 385,467 |  |  | $ | 385,467 |  |  | $ | 385,467 |  |  | $ | 385,467 |  |  | $ | 1,124,290 |
| NOTE 6. INTANGIBLE ASSETS Intangible assets consist of the following at December 31, 2021:
|  | Gross Carrying |  |  | Accumulated |  |  | Net Intangible |  |  | Amortization Period |
|  | Amount |  |  | Amortization |  |  | Asset |  |  | (in years) |
SOBR Safe |  |  |  |  |  |  |  |  |  |  |  |
Intellectual Technology |  | $ | 3,854,675 |  |  | $ | 610,318 |  |  | $ | 3,244,357 |  |  |  | 10 |
Intangible assets consist of the following at December 31, 2020:
|  | Gross Carrying |  |  | Accumulated |  |  | Net Intangible |  |  | Amortization Period |
|  | Amount |  |  | Amortization |  |  | Asset |  |  | (in years) |
SOBR Safe |  |  |  |  |  |  |  |  |  |  |  |
Intellectual Technology |  | $ | 3,854,675 |  |  | $ | 224,854 |  |  | $ | 3,629,821 |  |  |  | 10 |
Amortization expense for the years ended December 31, 2021 and 2020 was $385,464 and $224,854, respectively. 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 |  |  | $ | 1,317,022 |

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