v3.24.1

INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2023

INTANGIBLE ASSETS

INTANGIBLE ASSETS

NOTE 6. INTANGIBLE ASSETS

Intangible assets consisted of the following at December 31, 2023:

		Gross Carrying				Accumulated				Net Intangible				Amortization Period
		Amount				Amortization				Asset				(in years)
SOBRsafeTM  Intellectual Technology		$	3,854,675			$	1,381,246			$	2,473,429				10

Intangible assets consisted of the following at December 31, 2022:

		Gross Carrying				Accumulated				Net Intangible				Amortization Period
		Amount				Amortization				Asset				(in years)
SOBRsafeTM Intellectual Technology		$	3,854,675			$	995,782			$	2,858,893				10

Amortization expense was $385,464 for the years ended December 31, 2023 and 2022.

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

2024				2025				2026				2027				2028				Thereafter
$	385,464			$	385,464			$	385,464			$	385,464			$	385,464			$	546,109

X

- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 350
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//350/tableOfContent

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X

- References

No definition available.

+ Details

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