0001477932-21-001930.txt : 20210331 0001477932-21-001930.hdr.sgml : 20210331 20210331172852 ACCESSION NUMBER: 0001477932-21-001930 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 85 CONFORMED PERIOD OF REPORT: 20201231 FILED AS OF DATE: 20210331 DATE AS OF CHANGE: 20210331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOBR Safe, Inc. CENTRAL INDEX KEY: 0001425627 STANDARD INDUSTRIAL CLASSIFICATION: PERIODICALS: PUBLISHING OR PUBLISHING AND PRINTING [2721] IRS NUMBER: 260731818 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53316 FILM NUMBER: 21794814 BUSINESS ADDRESS: STREET 1: 885 ARAPAHOE ROAD CITY: BOULDER STATE: CO ZIP: 80302 BUSINESS PHONE: 303-443-4430 MAIL ADDRESS: STREET 1: 885 ARAPAHOE ROAD CITY: BOULDER STATE: CO ZIP: 80302 FORMER COMPANY: FORMER CONFORMED NAME: TransBiotec, Inc. DATE OF NAME CHANGE: 20120302 FORMER COMPANY: FORMER CONFORMED NAME: IMAGINE MEDIA LTD DATE OF NAME CHANGE: 20080130 10-K 1 sobr_10k.htm FORM 10-K sobr_10k.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10‑K

 

☒ 

ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended December 31, 2020

 

OR

 

TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from_____________ to _____________.

  

Commission file number 000-53316

 

SOBR Safe, Inc.

(Exact name of registrant as specified in its charter)

  

Delaware

 

26-0731818

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.) 

 

 

 

885 Arapahoe Road

Boulder, CO

 

 

80302

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code (303) 443-4430

  

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Name of each exchange on which registered

 

 

 

None

 

None

  

Securities registered pursuant to Section 12(g) of the Act:

 

Common Stock, par value $0.001

(Title of class)

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐     No ☒

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐     No ☒

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒     No ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files) Yes ☒     No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

 

 

Emerging growth company

  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐     No ☒

 

Aggregate market value of the voting and non-voting stock held by non-affiliates as of June 30, 2020: $13,497,633 as based on last reported sales price of such stock ($2.90) on June 30, 2020. The voting stock held by non-affiliates on that date consisted of 4,654,356 shares of common stock.

 

Applicable Only to Registrants Involved in Bankruptcy Proceedings During the Preceding Five Years:

 

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ☐     No ☐

 

Applicable Only to Corporate Registrants:

 

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. As of March 31, 2021, there were 25,965,203 shares of common stock, $0.00001 par value, issued and outstanding.

 

Documents Incorporated by Reference

 

List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to rule 424(b) or (c) of the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980). None.

 

 

 

 

SOBR Safe, Inc.

 

TABLE OF CONTENTS

  

PART I

 

 

 

 

 

ITEM 1 –

BUSINESS

 

3

 

ITEM 1A –

RISK FACTORS

 

9

 

ITEM 1B –

UNRESOLVED STAFF COMMENTS

 

19

 

ITEM 2 ‑

PROPERTIES

 

19

 

ITEM 3 ‑

LEGAL PROCEEDINGS

 

19

 

ITEM 4 –

MINE SAFETY DISCLOSURES

 

19

 

 

 

 

 

 

PART II

 

 

 

 

 

ITEM 5 –

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

 

20

 

ITEM 6 –

SELECTED FINANCIAL DATA

 

26

 

ITEM 7 –

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

 

26

 

ITEM 7A –

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

37

 

ITEM 8 –

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

 

F-1

 

ITEM 9 –

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

 

37

 

ITEM 9A –

CONTROLS AND PROCEDURES

 

38

 

ITEM 9B –

OTHER INFORMATION

 

39

 

 

 

 

 

 

PART III

 

 

 

 

 

ITEM 10 –

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNACE

 

40

 

ITEM 11 –

EXECUTIVE COMPENSATION

 

45

 

ITEM 12 –

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

 

51

 

ITEM 13 ‑

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

 

52

 

ITEM 14 –

PRINCIPAL ACCOUNTING FEES AND SERVICES

 

54

 

 

 

 

 

 

PART IV

 

 

 

 

 

ITEM 15 ‑

EXHIBITS, FINANCIAL STATEMENT SCHEDULES

 

55

 

 

 
2

Table of Contents

  

PART I

 

Special Note Regarding Forward Looking Statements

 

This Annual Report includes forward‑looking statements within the meaning of the Securities Exchange Act of 1934 (the “Exchange Act”). These statements are based on management’s beliefs and assumptions, and on information currently available to management. Forward‑looking statements include the information concerning possible or assumed future results of operations of the Company set forth under the heading “Management's Discussion and Analysis of Financial Condition or Plan of Operation.” Forward‑looking statements also include statements in which words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “consider,” or similar expressions are used.

 

Forward‑looking statements are not guarantees of future performance. They involve risks, uncertainties, and assumptions. The Company's future results and shareholder values may differ materially from those expressed in these forward‑looking statements. Readers are cautioned not to put undue reliance on any forward‑looking statements.

 

ITEM 1 – BUSINESS

 

Corporate History

 

We were incorporated under the name Imagine Media, Ltd. on August 10, 2007. From inception through early 2009, our business was to publish and distribute Image Magazine, a monthly entertainment guide for the Denver, Colorado area. We generated only limited revenue and essentially abandoned our business plan in January 2009.

 

On September 19, 2011, we, Imagine Media, Ltd., a Delaware corporation, acquired approximately 52% of the outstanding shares of TransBiotec, Inc., (“TBT”) from TBT’s directors in exchange for 12,416,462 shares of our common stock. The accounting for this transaction was identical to that resulting from a reverse acquisition, except that no goodwill, or other intangibles were recorded, as the members of TransBioTec retained the majority of the outstanding common stock of Imagine Media LTD after the share exchange. These directors of TBT were Charles Bennington, Devadatt Mishal, Nicholas Limer, and Sam Satyanarayana. At the time, these shares represented approximately 52% of our outstanding common stock. TBT was a California corporation. In connection with this transaction, two of our officers resigned and Charles Bennington and Nicholas Limer were appointed as directors and as our President, Chief Executive Officer, and Chief Financial Officer, and our Secretary, respectively, and Ronald Williams was appointed as our Chief Technology Officer.

 

On January 17, 2012, our Board of Directors amended our Certificate of Incorporation changing our name from Imagine Media, Ltd. to TransBiotec, Inc. On January 31, 2012, we acquired approximately 45% of the remaining outstanding shares of TBT in exchange for 10,973,678 shares of our common stock. In connection with this transaction, two of our directors resigned and Sam Satyanarayana, Ronald Williams and Devadatt Mishal were appointed directors. Because of the September 2011 and January 2012 acquisitions of TBT common stock, we currently own approximately 99% of the outstanding shares of TBT, and we control its Board of Directors and officer positions. The remaining approximately 2% is owned by non-affiliated individuals that did not participate in the share exchange.

 

 
3

Table of Contents

  

Because of the acquisition, TBT’s business is our business and, unless otherwise indicated, any references to “us” or “we” include the business and operations of TBT. Due to our approximately 99% ownership of TBT, the approximately 1% non-controlling interest is combined with ours in the attached financial statements.

 

On March 9, 2020, in connection with our transaction with IDTEC, LLC (as detailed herein) our Board of Directors approved the amendment to our Certificate of Incorporation on March 9, 2020 and stockholders holding 52.24% of our then outstanding voting stock approved the amendment to our Articles of Incorporation. The Certificate of Amendment to our Certificate of Incorporation was for the purpose of, among other things, (i) changing our name from “TransBiotec, Inc.” to “SOBR Safe, Inc.”, (ii) effecting a 1-for-33.26 reverse stock split of our common stock, and (iii) decreasing our authorized common stock from 800,000,000 shares to 100,000,000 shares, and became effective with the State of Delaware on April 24, 2020.

 

As a result of the reverse stock split effected by our Certificate of Amendment to our Certificate of Incorporation, every 33.26 shares of our outstanding common stock prior to the effect of that amendment were combined and reclassified into one share of our common stock, and the number of outstanding shares of our common stock at the time was reduced from 266,097,657 (pre-split) to approximately 8,000,000 (post-split). No fractional shares were issued in connection with the reverse stock split, and any of our stockholders that would have been entitled to receive a fractional share as a result of the reverse stock split will instead receive one additional share of our common stock in lieu of the fractional share. The reverse stock split did not in itself affect any stockholder’s ownership percentage of our common stock, except to the extent that any fractional share is rounded up to the nearest whole share. As a result of the reverse stock split all share figures included in this Annual Report have been adjusted to reflect the stock split.

 

 At the open of trading on June 8, 2020, our new name and reverse stock split went effective with OTC Markets, and we began trading on the “OTC Pink Current Information” tier of OTC Markets on a post reverse stock split basis. Our ticker symbol for the quotation of our common stock is now “SOBR”. On November 16, 2020, we began trading on the “OTCQB” tier of OTC Markets.

 

Our offices are located at 885 Arapahoe Road, Boulder, CO 80302, telephone number (303) 449-7235.

 

Business Overview

 

General

 

We intend to create substance-free environments by integrating and commercializing critical substance detection technologies. These technologies will be integrated within our robust and scalable data platform producing predictive analytics and statistical user data. Our mission is to save lives, accelerate intervention, increase productivity, create significant economic benefit and positively impact behavior. To that end, we developed the scalable, patented SOBRSafe™ software platform for non-invasive alcohol detection and identity verification, a solution that has anticipated applications in school buses, commercial vehicle fleets and facility access control, as well as addiction treatment and managed care.

 

 
4

Table of Contents

 

Currently, our plan is to deploy our SOBRSafe™ technology in two initial devices: the SOBRtab™ wearable band and the SOBRCheck™ system.

 

 

 

SOBRtab™

 

SOBRtab™ is a transdermal, alcohol-detecting wearable band containing our SOBRSafe™ technology for ongoing, real-time alcohol monitoring, with predictive heart rate monitoring.

 

SOBRCheck™

 

 
5

Table of Contents

 

SOBRCheck™ is our centralized access control product. When installed in manufacturing facilities, warehouses and more, SOBRCheck™ enables a rapid, hygienic finger scan, with real-time results delivered securely to the employer for any necessary corrective action.

 

The SOBRSafe™ technology can also be deployed across numerous additional devices for various uses. Currently, additional devices for our SOBRSafe™ alcohol detection technology we are exploring include possible integrations with existing law enforcement technologies to enhance public safety. In addition, we are proactively evaluating other emerging detection technologies for alcohol, cannabis, opioids, human health and more.

 

Statistical analytics and predictive user data is another potential valuable asset. We believe our device portfolio approach could yield a highly valuable information asset. The opportunity to collect millions of data points over time could enable the development of predictive analytics for perpetual safety improvement (and associated cost savings capture). And by demonstrating substance-free environments, employers could deliver a data-driven argument for lowering insurance premiums, and we could potentially partner with insurance providers to mandate use of the SOBRSafe™ devices and/or technology.

 

In addition to focusing on the development, marketing and commercialization of the SOBRCheck™ and SOBRtab™ devices, we are also constantly reviewing synergistic technologies and businesses for potential partnerships, including licensing the SOBRSafe™ technology.

 

The Substance Abuse Problem

 

Our management believes the key to developing a successful product is to find a potential solution to a consumer need that is not being adequately addressed with technologies in the current marketplace. When that need also involves a potential solution for a societal crisis like the impact of substance abuse on the workplace and individual lives then the motivation is even stronger and the potential results that much more impactful.

 

Through crime, lost work productivity and healthcare expenses, the annual cost of alcohol abuse in the U.S. is estimated to be $249 billion. One- half of all industrial accidents involve alcohol, and commercial fleets suffer from over 11,000 alcohol-related accidents each year. We believe we have a solution that addresses this problem, and we anticipate in the second quarter 2021 our technology will be available for use in commercial fleet management, school bus safety and workplace access control in manufacturing facilities and warehouses.

 

Competitive Advantages

 

SOBRSafe™ is currently the only preventative transdermal (touch-based) alcohol detection system in the U.S. market – we seek to eliminate the possibility of alcohol-related accidents before they occur, not simply punish the offender post-fact. Companies like SCRAM, BACTRACK, BI TAD, Soberlink, Smart Start, Intoxalock and others are focused on the judicially-mandated market, i.e. breathalyzers for blood alcohol content (BAC) measurement, or court-ordered ankle monitors. Only SOBRSafe™ provides the data needed to get ahead of an issue, not simply react to its consequences.

 

Our SOBRCheck™ device is a patent-pending touch-based identity verification and alcohol detection system that utilizes our SOBRSafe™ system. A user places two fingers on the sensors above; one sensor reads specific data points under the skin (not just relying on a finger print) to confirm identity, and the other senses ethanol secreted via sweat through the pores of the fingertip.

 

 
6

Table of Contents

 

Marketing

 

We have developed a marketing plan that includes 1) multi-channel investor relations, 2) popular and trade media public relations, 3) advocacy group alignment, 4) video-centric social media outreach, 5) deploying savvy business development partners specific to and expert in the market segments/applications defined above and 6) and continual research around the potential integration of detection technology for THC and opiates, to name a few.

 

We have successfully conducted one pilot program with an international employer, and are in advanced discussion on multiple additional pilot-to-revenue programs. We are working to execute three pilots in the manufacturing space in Q1 2021, in order to perfect the user experience and interface, enrollment process and data collection/management methodology.

 

Research and Development

 

Our SOBRSafe™ system for non-invasive alcohol detection and identity verification has been completed and tested. Based on the results of the testing, including in one pilot program, we believe the system is ready for manufacturing in high volume to be included in our various platforms.

 

We are currently pursuing multiple generations of the SOBRtab™ wearable band, each with successively advanced capabilities. Our CTO is also proactively evaluating emerging technologies including light, nano sensors, optics, ECG and more to most accurately detect alcohol, cannabis, opioids and determinants of human health. The current iteration of our SOBRtab™ wearable integrates health monitoring and predictive analytics into a high fashion wearable band.

 

The SOBRCheckTM patent pending, multiuser, touch-based alcohol detection platform with identity detection performed outstanding in human trials and is currently being tooled up for manufacturing.

 

Intellectual Property

 

We currently have the following patent and patent applications related to our SOBRSafe™ system and related devices:

 

1)

U.S. Patent No. 9,296,298, titled “Alcohol detection system for vehicle driver testing with integral temperature compensation”, which expires in 2032.

2)

Provisional Patent Application No. 63,014,776, titled “Non-invasive Transdermal Alcohol Screening System”

3)

Provisional Patent Application No. 63,109,134, titled “Wearable Data Collection Device w/Non-Invasive Sensing”

  

We are applying for trademarks related to the SOBRSafe™ system, SOBRCheck™ and SOBRtab™.

 

Government Regulation

 

At the present time, only the judicially-mandated market is regulated. Devices sold into this market must be approved by state government agencies. Since we utilize a unique Go/No Go methodology that simply alerts to the presence of alcohol (as opposed to measuring a discrete BAC), information that may be used at the discretion of the employer (or counselor, parent, etc.), we do not believe we will be subject to any government regulation.

 

 
7

Table of Contents

  

Employees

 

As of December 31, 2020, we have seven employees, including Kevin Moore, our Chief Executive Officer; David Gandini, our Chairman, Chief Financial Officer, Secretary and Chief Revenue Officer; and Dean Watson, our Chief Technology Officer.

 

Human Capital Resources

 

As noted above, we only have a small number of employees. The remainder of our workforce is consultants due to the nature of our business. As it relates to our employees and the consultants that work with us:

 

Oversight and Management

 

Our executive officers are tasked with leading our organization in managing employment-related matters, including recruiting and hiring, onboarding and training, compensation planning, talent management and development. We are committed to providing team members with the training and resources necessary to continually strengthen their skills. Our executive team is responsible for periodically reviewing team member programs and initiatives, including healthcare and other benefits, as well as our management development and succession planning practices. Management periodically reports to the Board regarding our human capital measures and results that guide how we attract, retain and develop a workforce to enable our business strategies.

 

Diversity, Equity and Inclusion

 

We believe that a diverse workforce is critical to our success, and we continue to monitor and improve the application of our hiring, retention, compensation and advancement processes for women and underrepresented populations across our workforce, including persons of color, veterans and LGBTQ to enhance our inclusive and diverse culture. We continue to invest in recruiting diverse talent.

 

Workplace Safety and Health

 

A vital part of our business is providing our workforce with a safe, healthy and sustainable working environment. We focus on implementing change through workforce observation and feedback channels to recognize risk and continuously improve our processes.

 

Importantly during 2020, our focus on providing a positive work environment on workplace safety have enabled us to preserve business continuity without sacrificing our commitment to keeping our colleagues and workplace visitors safe during the COVID-19 pandemic. We took immediate action at the onset of the COVID-19 pandemic to enact rigorous safety protocols in our facilities by improving sanitation measures, implementing mandatory social distancing, use of facing coverings, reducing on-site workforce through staggered shifts and schedules, remote working where possible, and restricting visitor access to our locations. We believe these actions helped minimize the impact of COVID-19 on our workforce.

  

Corporate Information

 

               Our corporate offices are located at 885 Arapahoe Road, Boulder, CO 80302, telephone number (844) 762-7723.

 

Available Information

 

We are a fully reporting issuer, subject to the Securities Exchange Act of 1934. Our Quarterly Reports, Annual Reports, and other filings can be obtained from the SEC’s Public Reference Room at 100 F Street, NE., Washington, DC 20549, on official business days during the hours of 10 a.m. to 3 p.m. You may also obtain information on the operation of the Public Reference Room by calling the Commission at 1-800-SEC-0330. The Commission maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the Commission at http://www.sec.gov.

  

 
8

Table of Contents

  

ITEM 1A. – RISK FACTORS.

 

As a smaller reporting company, we are not required to provide a statement of risk factors. However, we believe this information may be valuable to our shareholders for this filing. We reserve the right to not provide risk factors in our future filings. Our primary risk factors and other considerations include:

 

We have a limited operating history and historical financial information upon which you may evaluate our performance.

 

You should consider, among other factors, our prospects for success in light of the risks and uncertainties encountered by companies that, like us, are in their early stages of development. We may not successfully address these risks and uncertainties or successfully implement our existing and new products. If we fail to do so, it could materially harm our business and impair the value of our common stock. Even if we accomplish these objectives, we may not generate the positive cash flows or profits we anticipate in the future. We were incorporated in Delaware on August 10, 2007. Our business to date business focused on developing and improving our product, filing patents, and hiring management and staff personnel. Unanticipated problems, expenses and delays are frequently encountered in establishing a new business and developing new products. These include, but are not limited to, inadequate funding, lack of consumer acceptance, competition, product development, and inadequate sales and marketing. The failure by us to meet any of these conditions would have a materially adverse effect upon us and may force us to reduce or curtail operations. No assurance can be given that we can or will ever operate profitably.

 

We may not be able to meet our future capital needs.

 

To date, we have not generated any revenue and we have limited cash liquidity and capital resources. Our future capital requirements will depend on many factors, including our ability to develop our products, cash flow from operations, and competing market developments. We will need additional capital in the near future. Any equity financings will result in dilution to our then-existing stockholders. Sources of debt financing may result in high interest expense. Any financing, if available, may be on unfavorable terms. If adequate funds are not obtained, we will be required to reduce or curtail operations.

 

If we cannot obtain additional funding, our product development and commercialization efforts may be reduced or discontinued and we may not be able to continue operations.

 

We have historically experienced negative cash flows from operations since our inception and we expect the negative cash flows from operations to continue for the foreseeable future. Unless and until we are able to generate revenues, we expect such losses to continue for the foreseeable future. As discussed in our financial statements, there exists substantial doubt regarding our ability to continue as a going concern.

 

Product development efforts are highly dependent on the amount of cash and cash equivalents on hand combined with our ability to raise additional capital to support our future operations through one or more methods, including but not limited to, issuing additional equity or debt.

 

In addition, we may also raise additional capital through additional equity offerings, and licensing our future products in development. While we will continue to explore these potential opportunities, there can be no assurances that we will be successful in raising sufficient capital on terms acceptable to us, or at all, or that we will be successful in licensing our future products. Based on our current projections, we believe we have insufficient cash on hand to meet our obligations as they become due based on current assumptions. The uncertainties surrounding our future cash inflows have raised substantial doubt regarding our ability to continue as a going concern.

 

 
9

Table of Contents

 

Our business plan, which is focused on the development and commercialization of alcohol detection devices, is dependent upon our SOBR® Safe™ technology. If that technology proves to be ineffective at detecting alcohol in person’s system through secretions from their skin, it would significantly impact our business.

 

Our business plan, which is focused on the development and commercialization of alcohol detection devices, is dependent upon our SOBR® Safe™ technology. In the event that technology proves to be ineffective at detecting alcohol in person’s system through secretions from their skin, it would significantly impact our business.

 

Some of our planned products for our SOBR® Safe™ technology require us to integrate our technology with technologies owned by third-party companies. In the event the technologies do not integrate well together or in the event there are issues with the third-party technologies, it could cause those products to fail or not be as effective as planned.

 

We are planning to integrate our SOBR® Safe™ technology with certain technologies owned by third-parties in certain of our planned products. In the event the technologies do not integrate well together or in the event there are issues with the third-party technologies, it could cause those products to fail or not be as effective as planned. If this were to occur it would significantly, negatively impact our business and future business plans.

 

The coronavirus pandemic is causing disruptions in the workplace, which will have negative repercussions on our business if they continue for an extended period time.

 

We are closely monitoring the coronavirus pandemic and the directives from federal and local authorities regarding not only our workforce, but how it impacts companies we work with for the development of the devices that will contain our SOBRSafe™ technology. As a result of state and localities implementation of social distancing and “work from home” regulations more and more companies have been forced to either shut down, slow down or alter their work routines. Since the development and testing of the devices containing our SOBRSafe™ technology is a “hands on” process these alternative work arrangements could significantly slow down our anticipated schedules for the development, marketing and leasing/sale of our SOBR device, which could have a negative impact our business.

 

Because we face intense competition, we may not be able to operate profitably in our markets.

 

The market for devices containing our SOBRSafe™ technology is highly competitive and is becoming more so, which could hinder our ability to successfully market our products. We may not have the resources, expertise or other competitive factors to compete successfully in the future. We expect to face additional competition from existing competitors and new market entrants in the future. Many of our competitors have greater name recognition and more established relationships in the industry than we do. As a result, these competitors may be able to:

 

 

·

develop and expand their product offerings more rapidly;

 

·

adapt to new or emerging changes in customer requirements more quickly;

 

·

take advantage of acquisition and other opportunities more readily; and

 

·

devote greater resources to the marketing and sale of their products and adopt more aggressive pricing policies than we can.

  

 
10

Table of Contents

 

If our products do not gain expected market acceptance, prospects for our sales revenue may be affected.

 

We intend to use the SOBR Safe™ technology in various platforms in the preventative, B2B market, as opposed to the judicially-mandated individual user market. Currently, most alcohol sensing devices are breath analyzers and ankle bracelets employed in the judicially-mandated market where the use is usually required by law as a punishment for committing a crime. We will be asking companies and institutions that have an interest in monitoring whether their employees or contractors have alcohol in their systems due to their job responsibilities (such as fleet and school bus drivers, factory machinists, forklift operators, etc.), to adopt a new requirement that their employees or contractors must abide in order to remain employed. While we believe this will be attractive to many companies and industries, we must achieve some level of market acceptance to be successful. If we are unable to achieve market acceptance, our investors could lose their entire investment.

 

If critical components become unavailable or contract manufacturers delay their production, our business will be negatively impacted.

 

Currently, we manufacture the limited number of SOBRCheck™ prototype devices we have developed by applying our proprietary know-how to “off the shelf” parts and components. However, if we are successful in our growth plan, eventually we will have to contract out our manufacturing of the devices. At that time, the stability of component supply will be crucial to determining our manufacturing process. Due to the fact we currently manufacture the device from “off the shelf” parts and components, all of our critical devices and components are supplied by certain third-party manufacturers, and we may be unable to acquire necessary amounts of key components at competitive prices.

 

If we are successful in our growth, outsourcing the production of certain parts and components would be one way to reduce manufacturing costs. We plan to select these particular manufacturers based on their ability to consistently produce these products according to our requirements in an effort to obtain the best quality product at the most cost effective price. However, the loss of all or one of these suppliers or delays in obtaining shipments would have an adverse effect on our operations until an alternative supplier could be found, if one may be located at all. If we get to that stage of growth, such loss of manufacturers could cause us to breach any contracts we have in place at that time and would likely cause us to lose sales.

 

If our contract manufacturers fail to meet our requirements for quality, quantity and timeliness, our business growth could be harmed.

 

We eventually plan to outsource the manufacturing of devices utilizing the SOBR® Safe™ alcohol detection system to contract manufacturers. These manufacturers will procure most of the raw materials for us and provide all necessary facilities and labor to manufacture our products. If these companies were to terminate their agreements with us without adequate notice, or fail to provide the required capacity and quality on a timely basis, we would be delayed in our ability or unable to process and deliver our products to our customers.

 

 
11

Table of Contents

 

Our products could contain defects or they may be installed or operated incorrectly, which could reduce sales of those products or result in claims against us.

 

Although we have quality assurance practices to ensure good product quality, defects still may be found in the future in our future products.

 

End-users could lose their confidence in our products our company when they unexpectedly use defective products or use our products improperly. This could result in loss of revenue, loss of profit margin, or loss of market share.

 

If we are unable to recruit and retain qualified personnel, our business could be harmed.

 

Our growth and success highly depend on qualified personnel. Competition in the industry could cause us difficulty in recruiting or retaining a sufficient number of qualified technical personnel, which could harm our ability to develop new products. If we are unable to attract and retain necessary key talents, it would harm our ability to develop competitive product and retain good customers and could adversely affect our business and operating results.

 

We may be unable to adequately protect our proprietary rights.

 

We currently have one “use” patent covering the SOBR® Safe™ alcohol detection system and/or the SOBR devices and two others pending with the USPTO. These are not patents over the components of the device, but instead covering the use of those components in the SOBR device. Our ability to compete partly depends on the superiority, uniqueness and value of our intellectual property. To protect our proprietary rights, we will rely on a combination of patent, copyright and trade secret laws, confidentiality agreements with our employees and third parties, and protective contractual provisions. Despite these efforts, any of the following occurrences may reduce the value of our intellectual property:

 

 

·

Our applications for patents relating to our business may not be granted and, if granted, may be challenged or invalidated;

 

·

Issued patents may not provide us with any competitive advantages;

 

·

Our efforts to protect our intellectual property rights may not be effective in preventing misappropriation of our technology;

 

·

Our efforts may not prevent the development and design by others of products or technologies similar to or competitive with, or superior to those we develop; or

 

·

Another party may obtain a blocking patent and we would need to either obtain a license or design around the patent in order to continue to offer the contested feature or service in our products.

 

We may become involved in lawsuits to protect or enforce our patents that would be expensive and time consuming.

 

In order to protect or enforce our patent rights, we may initiate patent litigation against third parties. In addition, we may become subject to interference or opposition proceedings conducted in patent and trademark offices to determine the priority and patentability of inventions. The defense of intellectual property rights, including patent rights through lawsuits, interference or opposition proceedings, and other legal and administrative proceedings, would be costly and divert our technical and management personnel from their normal responsibilities. An adverse determination of any litigation or defense proceedings could put our pending patent applications at risk of not being issued.

 

Furthermore, because of the substantial amount of discovery required in connection with intellectual property litigation, there is a risk that some of our confidential information could be compromised by disclosure during this type of litigation. For example, during the course of this kind of litigation, confidential information may be inadvertently disclosed in the form of documents or testimony in connection with discovery requests, depositions or trial testimony. This disclosure could have a material adverse effect on our business and our financial results.

 

 
12

Table of Contents

 

The internal controls we utilize to produce reliable financial reports have material weaknesses. If we continue to have material weaknesses in our internal controls, we may not be able to report our financial results accurately or timely or to detect fraud, which could have a material adverse effect on our business.

 

An effective internal control environment is necessary for us to produce reliable financial reports and is an important part of our effort to prevent financial fraud. We are required to periodically evaluate the effectiveness of the design and operation of our internal controls over financial reporting. Based on these evaluations, we have concluded in this report, as well as our prior reports, that we have material weaknesses in our internal controls and enhancements, modifications, and changes to our internal controls are necessary in order to eliminate these weaknesses. There are inherent limitations on the effectiveness of internal controls, including collusion, management override, and failure of human judgment. In addition, control procedures are designed to reduce rather than eliminate business risks. If we continue to fail to maintain an effective system of internal controls we may be unable to produce reliable, timely financial reports or prevent fraud, which could have a material adverse effect on our business, including subjecting us to sanctions or investigation by regulatory authorities, such as the Securities and Exchange Commission. Any such actions could result in an adverse reaction in the financial markets due to a loss of confidence in the reliability of our financial statements, which could cause the market price of our common stock to decline or limit our access to capital.

 

We may not be able to identify, negotiate, finance or close future acquisitions.

 

One component of our growth strategy focuses on acquiring additional technologies, companies and/or assets. We may not, however, be able to identify, audit, or acquire technologies, companies and/or assets on acceptable terms, if at all. Additionally, we may need to finance all or a portion of the purchase price for an acquisition by incurring indebtedness. There can be no assurance that we will be able to obtain financing on terms that are favorable, if at all, which will limit our ability to acquire additional companies or assets in the future. Failure to acquire additional companies or assets on acceptable terms, if at all, would have a material adverse effect on our ability to increase assets, revenues and net income and on the trading price of our common Stock.

 

We may acquire businesses without any apparent synergies with our current operations of alcohol detection devices.

 

In an effort to diversify our sources of revenue and profits, we may decide to acquire businesses without any apparent synergies with our current alcohol detection device operations. For example, we believe that the acquisition of technologies unrelated to alcohol detection devices may be an important way for us to enhance our stockholder value. Notwithstanding the critical importance of diversification, some members of the investment community and research analysts would prefer that micro-cap or small-cap companies restrict the scope of their activity to a single line of business, and may not be willing to make an investment in, or recommend an investment in, a micro-cap or small-cap company that undertakes multiple lines of business. This situation could materially adversely impact our company and the trading price of our stock.

 

We may not be able to properly manage multiple businesses.

 

We may not be able to properly manage multiple businesses. Managing multiple businesses would be more complicated than managing a single line of business, and would require that we hire and manage executives with experience and expertise in different fields. We can provide no assurance that we will be able to do so successfully. A failure to properly manage multiple businesses could materially adversely affect our company and the trading price of our stock.

 

 
13

Table of Contents

 

We may not be able to successfully integrate new acquisitions.

 

Even if we are able to acquire additional technologies, companies and/or assets, we may not be able to successfully integrate those companies or assets. For example, we may need to integrate widely dispersed operations with different corporate cultures, operating margins, competitive environments, computer systems, compensation schemes, business plans and growth potential requiring significant management time and attention. In addition, the successful integration of any companies we acquire will depend in large part on the retention of personnel critical to our combined business operations due to, for example, unique technical skills or management expertise. We may be unable to retain existing management, finance, engineering, sales, customer support, and operations personnel that are critical to the success of the integrated company, resulting in disruption of operations, loss of key information, expertise or know-how, unanticipated additional recruitment and training costs, and otherwise diminishing anticipated benefits of these acquisitions, including loss of revenue and profitability. Failure to successfully integrate acquired businesses could have a material adverse effect on our company and the trading price of our stock.

 

Our acquisitions of businesses may be extremely risky and we could lose all of our investments.

 

We may invest in other technology businesses or other risky industries. An investment in these companies may be extremely risky because, among other things, the companies we are likely to focus on: (1) typically have limited operating histories, narrower product lines and smaller market shares than larger businesses, which tend to render them more vulnerable to competitors’ actions and market conditions, as well as general economic downturns; (2) tend to be privately-owned and generally have little publicly available information and, as a result, we may not learn all of the material information we need to know regarding these businesses; (3) are more likely to depend on the management talents and efforts of a small group of people; and, as a result, the death, disability, resignation or termination of one or more of these people could have an adverse impact on the operations of any business that we may acquire; (4) may have less predictable operating results; (5) may from time to time be parties to litigation; (6) may be engaged in rapidly changing businesses with products subject to a substantial risk of obsolescence; and (7) may require substantial additional capital to support their operations, finance expansion or maintain their competitive position. Our failure to make acquisitions efficiently and profitably could have a material adverse effect on our business, results of operations, financial condition and the trading price of our stock.

 

Future acquisitions may fail to perform as expected.

 

Future acquisitions may fail to perform as expected. We may overestimate cash flow, underestimate costs, or fail to understand risks. This could materially adversely affect our company and the trading price of our Stock.

 

Competition may result in overpaying for acquisitions.

 

Other investors with significant capital may compete with us for attractive investment opportunities. These competitors may include publicly-traded companies, private equity firms, privately held buyers, individual investors, and other types of investors. Such competition may increase the price of acquisitions, or otherwise adversely affect the terms and conditions of acquisitions. This could materially adversely affect our company and the trading price of our stock.

 

 
14

Table of Contents

 

We may have insufficient resources to cover our operating expenses and the expenses of raising money and consummating acquisitions.

 

We have limited cash to cover our operating expenses and to cover the expenses incurred in connection with money raising and a business combination. It is possible that we could incur substantial costs in connection with money raising or a business combination. If we do not have sufficient proceeds available to cover our expenses, we may be forced to obtain additional financing, either from our management or third parties. We may not be able to obtain additional financing on acceptable terms, if at all, and neither our management nor any third party is obligated to provide any financing. This could have a negative impact on our company and our stock price.

 

The nature of our proposed future operations is speculative and will depend to a great extent on the businesses which we acquire.

 

While management typically intends to seek a merger or acquisition of privately held entities with established operating histories, there can be no assurance that we will be successful in locating an acquisition candidate meeting such criteria. In the event we complete a merger or acquisition transaction, of which there can be no assurance, our success if any will be dependent upon the operations, financial condition and management of the acquired company, and upon numerous other factors beyond our control. If the operations, financial condition or management of the acquired company were to be disrupted or otherwise negatively impacted following an acquisition, our company and our stock price would be negatively impacted.

 

We may make actions that will not require our stockholders’ approval.

 

The terms and conditions of any acquisition could require us to take actions that would not require stockholder approval. In order to acquire certain companies or assets, we may issue additional shares of common or preferred stock, borrow money or issue debt instruments including debt convertible into capital stock. Not all of these actions would require our stockholders’ approval even if these actions dilute our shareholders’ economic or voting interest.

 

Our investigation of potential acquisitions will be limited.

 

Our analysis of new business opportunities will be undertaken by or under the supervision of our executive officers and directors. Inasmuch as we will have limited funds available to search for business opportunities and ventures, we will not be able to expend significant funds on a complete and exhaustive investigation of such business or opportunity. We will, however, investigate, to the extent believed reasonable by our management, such potential business opportunities or ventures by conducting a so-called “due diligence investigation”. In a so-called “due diligence investigation”, we intend to obtain and review materials regarding the business opportunity. Typically such materials will include information regarding a target business’ products, services, contracts, management, ownership, and financial information. In addition, we intend to cause our officers or agents to meet personally with management and key personnel of target businesses, ask questions regarding the company’s prospects, tour facilities, and conduct other reasonable investigation of the target business to the extent of our limited financial resources and management and technical expertise. Any failure of our typical “due diligence investigation” to uncover issues and problems relating to potential acquisition candidates could materially adversely affect our company and the trading price of our stock.

 

 
15

Table of Contents

 

We will have only a limited ability to evaluate the directors and management of potential acquisitions.

 

We may make a determination that our current directors and officers should not remain, or should reduce their roles, following money raising or a business combination, based on an assessment of the experience and skill sets of new directors and officers and the management of target businesses. We cannot assure you that our assessment of these individuals will prove to be correct. This could have a negative impact on our company and our stock price.

 

We may be dependent on outside advisors to assist us.

 

In order to supplement the business experience of management, we may employ accountants, technical experts, appraisers, attorneys or other consultants or advisors. The selection of any such advisors will be made by management and without any control from shareholders. Additionally, it is anticipated that such persons may be engaged by us on an independent basis without a continuing fiduciary or other obligation to us.

 

We may be unable to protect or enforce the intellectual property rights of any target business that we acquire or the target business may become subject to claims of intellectual property infringement.

 

After completing a business combination, the procurement and protection of trademarks, copyrights, patents, domain names, and trade secrets may be critical to our success. We will likely rely on a combination of copyright, trademark, trade secret laws and contractual restrictions to protect any proprietary technology and rights that we may acquire. Despite our efforts to protect those proprietary technology and rights, we may not be able to prevent misappropriation of those proprietary rights or deter independent development of technologies that compete with the business we acquire. Litigation may be necessary in the future to enforce our intellectual property rights, to protect our trade secrets, or to determine the validity and scope of the proprietary rights of others. It is also possible that third parties may claim we have infringed their patent, trademark, copyright or other proprietary rights. Claims or litigation, with or without merit, could result in substantial costs and diversions of resources, either of which could have an adverse effect on our competitive position and business. Further, depending on the target business or businesses that we acquire, it is likely that we will have to protect trademarks, patents, and domain names in an increasing number of jurisdictions, a process that is expensive and may not be successful in every location. These factors could negatively impact our company and the trading price of our stock.

 

Integrating acquired businesses may divert our management’s attention away from our day-to-day operations and harm our business.

 

Acquisitions generally involve significant risks, including the risk of overvaluation of potential acquisitions and risks in regard to the assimilation of personnel, operations, products, services, technologies, and corporate culture of acquired companies. Dealing with these risks may place a significant burden on our management and other internal resources. This could materially adversely affect our business and the trading price of our stock.

 

We may fail to manage our growth effectively.

 

Future growth through acquisitions and organic expansion would place a significant strain on our managerial, operational, technical, training, systems and financial resources. We can give you no assurance that we will be able to manage our expanding operations properly or cost effectively. A failure to properly and cost-effectively manage our expansion could materially adversely affect our company and the trading price of our stock.

 

 
16

Table of Contents

 

The management of companies we acquire may lose their enthusiasm or entrepreneurship after the sale of their businesses.

 

We can give no assurance that the management of future companies we acquire will have the same level of enthusiasm for the operation of their businesses following their acquisition by us, or if they cease performing services for the acquired businesses that we will be able to install replacement management with the same skill sets and determination. There also is always a risk that management will attempt to reenter the market and possibly seek to recruit some of the former employees of the business, who may continue to be key employees of ours. This could materially adversely affect our business and the trading price of our Stock.

 

Our management has discretion as to how to use any proceeds from the sale of securities.

 

We reserve the right to use the funds obtained from the sale of our securities for purposes our management deems to be in the best interests of the company and our stockholders in order to address changed circumstances or opportunities. As a result of the foregoing, our success will be substantially dependent upon the discretion and judgment of management with respect to application and allocation of the net proceeds from the sale of our securities.

 

The issuance of additional common stock and/or the resale of our issued and outstanding common stock could cause substantial dilution to investors.

 

Our Articles of Incorporation authorize the issuance of up to 100,000,000 shares of common stock and 25,000,000 shares of preferred stock. Our Board of Directors has the authority to issue additional shares of common stock and to issue options and warrants to purchase shares of our common stock without shareholder approval. Future issuances of common stock could represent further substantial dilution to investors. In addition, the Board of Directors could issue large blocks of voting stock to fend off unwanted tender offers or hostile takeovers without further stockholder approval.

 

Our common stock has been thinly traded and we cannot predict the extent to which a trading market will develop.

 

Our common stock is quoted on the OTBQB-tier of OTC Markets. Our common stock is thinly-traded compared to larger more widely known companies. Thinly traded common stock can be more volatile than common stock trading in an active public market. We cannot predict the extent to which an active public market for our common stock will develop or be sustained.

 

Our common stock has a limited trading market, which could affect your ability to sell shares of our common stock and the price you may receive for our common stock.

 

Our common stock is currently traded in the over-the-counter market and “bid” and “asked” quotations regularly appear on OTC Markets under the symbol “SOBR” There is only limited trading activity in our securities. We have a relatively small public float compared to the number of our shares outstanding. Accordingly, we cannot predict the extent to which investors’ interest in our common stock will provide an active and liquid trading market. Due to our limited public float, we may be vulnerable to investors taking a “short position” in our common stock, which would likely have a depressing effect on the price of our common stock and add increased volatility to our trading market. The volatility of the market for our common stock could have a materially adverse effect on our business, results of operations and financial condition. There cannot be any guarantee that an active trading market for our securities will develop or, if such a market does develop, will be sustained. Accordingly, investors must be able to bear the financial risk of losing their entire investment in our common stock.

 

 
17

Table of Contents

 

Our common stock is quoted only on OTC Markets, which may have an unfavorable impact on our stock price and liquidity. In addition, our shareholders may experience substantial difficulty in locating a brokerage firm to deposit shares of our Company for sale into the public marketplace.

 

Our common stock is quoted on OTC Markets under the ticker symbol “SOBR”. OTC Markets is a significantly more limited market than the New York Stock Exchange or The NASDAQ Stock Market. The quotation of our shares on OTC Markets may result in a less liquid market available for existing and potential stockholders to trade shares of our common stock, could depress the trading price of our common stock, and could have a long-term adverse impact on our ability to raise capital in the future. Additionally, since we are a “penny stock” quoted over-the-counter and not on a national exchange, our shareholders may experience substantial difficulty in finding a brokerage firm willing to deposit our common stock into a brokerage account for sale into the public marketplace and/or the fees may be substantially higher for transactions involving our common stock compared to companies that are traded on a national exchange like the New York Stock Exchange or The NASDAQ Stock Market.

 

Future sales of our common stock in the public market could lower the price of our common stock and impair our ability to raise funds in future securities offerings.

 

Future sales of a substantial number of shares of our common stock in the public market, or the perception that such sales may occur, could adversely affect the then prevailing market price of our common stock and could make it more difficult for us to raise funds in the future through a public offering of its securities.

 

The market price of our common stock may be volatile and may be affected by market conditions beyond our control.

 

The market price of our common stock is subject to significant fluctuations in response to, among other factors:

 

 

·

variations in our operating results and market conditions specific to Biomedical Industry companies;

 

·

changes in financial estimates or recommendations by securities analysts;

 

·

announcements of innovations or new products or services by us or our competitors;

 

·

the emergence of new competitors;

 

·

operating and market price performance of other companies that investors deem comparable;

 

·

changes in our board or management;

 

·

sales or purchases of our common stock by insiders;

 

·

commencement of, or involvement in, litigation;

 

·

changes in governmental regulations; and

 

·

general economic conditions and slow or negative growth of related markets.

 

In addition, if the market for stocks in our industry, or the stock market in general, experience a loss of investor confidence, the market price of our common stock could decline for reasons unrelated to our business, financial condition or results of operations. If any of the foregoing occurs, it could cause the price of our common stock to fall and may expose us to lawsuits that, even if unsuccessful, could be costly to defend and a distraction to the board of directors and management.

 

 
18

Table of Contents

 

Because we are subject to the “penny stock” rules, the level of trading activity in our stock may be reduced.

 

Our common stock is traded on the OTC Markets. Broker-dealer practices in connection with transactions in “penny stocks” are regulated by certain penny stock rules adopted by the Securities and Exchange Commission. Penny stocks, like shares of our common stock, generally are equity securities with a price of less than $5.00, other than securities registered on certain national securities exchanges or quoted on NASDAQ. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document that provides information about penny stocks and the nature and level of risks in the penny stock market. The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction, and, if the broker-dealer is the sole market maker, the broker-dealer must disclose this fact and the broker-dealer's presumed control over the market, and monthly account statements showing the market value of each penny stock held in the customer's account. In addition, broker-dealers who sell these securities to persons other than established customers and “accredited investors” must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction. Consequently, these requirements may have the effect of reducing the level of trading activity, if any, in the secondary market for a security subject to the penny stock rules, and investors in our common stock may find it difficult to sell their shares.

 

ITEM 1B – UNRESOLVED STAFF COMMENTS

 

None.

 

ITEM 2 – PROPERTIES

 

Our executive offices, consisting of approximately 250-500 square feet, are located at 885 Arapahoe Road, Boulder, Colorado 80302. We do not own our own manufacturing facility but plan to outsource with third party manufacturing companies for our manufacturing.

 

ITEM 3 ‑ LEGAL PROCEEDINGS

 

On December 6, 2006, Orange County Valet and Security Patrol, Inc. filed a lawsuit against us in Orange County California State Superior Court for Breach of Contract in the amount of $11,164. A default judgment was taken against us in this matter. In mid-2013 we learned the Plaintiff’s perfected the judgment against us, but we have not heard from the Plaintiffs as of December 2020. In the event we pay any money related to this lawsuit, IDTEC, LLC agreed, in connection with us closing the asset purchase transaction with IDTEC, to pay the amount for us in exchange for shares of our common stock.

 

We currently have one outstanding judgment against us involving a past employee of the Company. The matter is under the purview of the State of California, Franchise Tax Board, Industrial Health and Safety Collections. We currently owe approximately $28,786 plus accrued interest, to our ex-employee for unpaid wages under these Orders and are working to get this amount paid off. In the event we pay any money related to this lawsuit, IDTEC, LLC agreed, in connection with us closing the asset purchase transaction with IDTEC, to pay the amount for us in exchange for shares of our common stock.

 

In the ordinary course of business, we are from time to time involved in various pending or threatened legal actions. The litigation process is inherently uncertain and it is possible that the resolution of such matters might have a material adverse effect upon our financial condition and/or results of operations. However, in the opinion of our management, other than as set forth herein, matters currently pending or threatened against us are not expected to have a material adverse effect on our financial position or results of operations.

 

ITEM 4 – MINE SAFETY DISCLOSURES

 

Not Applicable.

 

 
19

Table of Contents

 

PART II

 

ITEM 5 ‑ MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

 

Market Information

 

Our common stock is currently quoted on OTC Markets’ OTCQB-tier under the symbol “SOBR.” We were quoted on OTC Markets on March 18, 2009 and quoted on OTCQB in November 16, 2020. The following table sets forth the high and low bid information for each quarter within the fiscal years ended December 31, 2020 and 2019, as best we could estimate from publicly-available information. The information reflects prices between dealers, and does not include retail markup, markdown, or commission, and may not represent actual transactions. The below information has been adjusted for our 1-for-33.26 reverse split of our common stock that went effective on OTC Markets at the open of market on June 8, 2020.

 

Fiscal Year Ended

 

 

Bid Prices

 

December 31,

 

Period

 

High

 

 

Low

 

 

 

 

 

 

 

 

 

 

2019

 

First Quarter

 

$ 0.53

 

 

$ 0.05

 

 

 

Second Quarter

 

$ 0.32

 

 

$ 0.13

 

 

 

Third Quarter

 

$ 1.08

 

 

$ 0.14

 

 

 

Fourth Quarter

 

$ 2.82

 

 

$ 0.24

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

First Quarter

 

$ 2.66

 

 

$ 1.08

 

 

 

Second Quarter

 

$ 3.00

 

 

$ 1.14

 

 

 

Third Quarter

 

$ 3.99

 

 

$ 1.90

 

 

 

Fourth Quarter

 

$ 3.00

 

 

$ 2.50

 

 

The Securities Enforcement and Penny Stock Reform Act of 1990 requires additional disclosure relating to the market for penny stocks in connection with trades in any stock defined as a penny stock. The Commission has adopted regulations that generally define a penny stock to be any equity security that has a market price of less than $5.00 per share, subject to a few exceptions which we do not meet. Unless an exception is available, the regulations require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule explaining the penny stock market and the risks associated therewith. There are no limitations on dividends.

 

Holders

 

            As of December 31, 2020, there were 25,922,034 shares of our common stock outstanding held by approximately 170 holders of record and numerous shares held in brokerage accounts. Of these shares, 4,654,356 were held by non-affiliates. As of June 30, 2020, there were 4,654,356 shares held by non-affiliates, which we valued at $13,497,633, based on our closing share price of $2.90 on June 30, 2020.  As of March 26, 2021, there were 25,965,203 shares of our common stock outstanding held by approximately 175  holders of record and numerous shares held in brokerage accounts. 

    

 
20

Table of Contents

 

Stock Options, Warrants and Convertible Debentures

 

In March 2021, in connection with a $2M securities offering under Rule 506 of Regulation D, we issued convertible promissory notes totaling $600,000 to nine non-affiliated investors. The notes mature two years from the date of issuance, carry an interest rate of 12% per annum, and can be converted into shares of our common stock at $3.00 per share. The investors were also issued warrants to acquire an aggregate of 300,000 shares of our common stock at an exercise price of $3.00 per share, which expire two years from the date of issuance.

 

In October 2020, we entered into an Advisory Agreement with Steven Beabout, a member of our Board of Directors, under which he agreed to provide us with strategic legal advice in relation to certain business and legal matters for a period of sixteen (16) months. In exchange for his services, we agreed to issue him 75,000 restricted stock units. The restricted stock units were issued under our 2019 Equity Plan and vest upon the earlier of (i) the expiration of any lock-up period that includes any of our securities owned by the Advisor after the uplift of the Corporation to a national exchange (NASDAQ, NYSE, etc.) or (ii) January 1, 2023.

 

In November 2020, in consideration of Steven Beabout’s work as Chairman of the Compensation Committee of our Board of Directors, we agreed to issue Mr. Beabout 90,000 restricted stock units. The restricted stock units were issued under our 2019 Equity Plan and vest upon the earlier of (i) the expiration of any lock-up period that includes any of our securities owned by the Advisor after the uplift of the Corporation to a national exchange (NASDAQ, NYSE, etc.) or (ii) January 1, 2023.

 

In connection with closing the transaction with IDTEC detailed herein, we issued a convertible promissory note totaling approximately $1,500,000 to IDTEC. The promissory note was convertible any time by the holder into shares of our common stock at a conversion price of $0.50 per share, subject to anti-dilution protection against any future securities we may issue at an effective price of less than $0.50 per share. On November 17, 2020, IDTEC converted the total of $1,551,514 of principal and interest due under the promissory note into 3,103,028 shares of our common stock.

 

At the closing of the same transaction, we also issued Warrant to Purchase Common Stock to IDTEC, under which IDTEC can purchase up to 320,000 shares of our common stock at an exercise price of $0.50 per share.

 

On December 12, 2019, in connection with the closing of the first $1,000,000 investment into our Series A-1 Preferred Stock, we issued First Capital Ventures a three-year stock warrant to purchase 144,318 shares of our Common Stock at an exercise price of $1.039 per share.

 

On October 25, 2019, we granted Charles Bennington, one of our officers and directors, an option to acquire 24,053 shares of our common stock under our 2019 Equity Incentive Plan. The stock option has an exercise price of $0.2634 and vests quarterly over a one-year period commencing January 1, 2020. The stock option has a five-year term.

 

On October 25, 2019, we granted Nick Noceti, our Chief Financial Officer at the time, an option to acquire 24,053 shares of the Company’s common stock under our 2019 Equity Incentive Plan. The stock option has an exercise price of $0.2634 and vests quarterly over a two-year period commencing January 1, 2020. The stock option has a five-year term.

 

On October 25, 2019, we granted Gary Graham, one of our directors at the time, an option to acquire 24,053 shares of our common stock under our 2019 Equity Incentive Plan. The stock option has an exercise price of $0.2634 and vests quarterly over a one-year period commencing January 1, 2020. The stock option has a five-year term.

 

 
21

Table of Contents

 

On October 25, 2019, we entered into an Employment Agreement with Kevin Moore to serve as our Chief Executive Officer. Under the terms of the agreement, we granted an option to Kevin Moore under our 2019 Equity Compensation Plan to acquire 1,058,329 shares of our common stock at an exercise price of $0.2634, with the stock options to vest in 36 equal monthly installments of 29,398 shares during the three-year term of the employment agreement. A total of 411,572 options were vested as of December 31, 2020. None of the vested stock options have been exercised and no shares have been issued during the year ended December 31, 2020.

 

On October 25, 2019, we entered into an Employment Agreement with David Gandini to serve as our Chief Revenue Officer. Under the terms of the agreement, we granted David Gandini stock options under our 2019 Equity Compensation Plan to acquire 721,588 shares of our common stock, at an exercise price of $0.2634, to vest in 36 equal monthly installments of 20,045 shares during the three-year term of the Agreement. David Gandini was also granted an aggregate of 240,530 additional option shares (the “Pre-Vesting Option Shares”) to vest as follows: (i) 200,439 Pre-Vesting Option Shares representing the monthly vesting option shares for the ten months ended October 31, 2019 to vest on November 1, 2019; and (ii) the remaining 40,091 Pre-Vesting Option Shares representing the monthly vesting option shares for the two months ended December 31, 2019 shall vest on January 1, 2020. The stock options have a ten-year term. A total of 521,146 options were vested as of December 31, 2020. None of the vested stock options have been exercised and no shares have been issued during the year ended December 31, 2020.

 

On October 25, 2019, we granted stock options to four non-affiliated individuals and entities to acquire an aggregate of 192,424 shares of our common stock. The stock options were issued under the 2019 Equity Incentive Plan at an exercise price of $0.2634 vesting quarterly over a two-year period commencing January 1, 2020. The stock options have either a two year or five-year term.

 

On October 27, 2019, we entered into a patent purchase agreement under which the Company granted stock options to a non-affiliated party to acquire 96,212 shares of our common stock at an exercise price of $1.039 and vested upon grant. The stock option has a five-year term. As of December 31, 2020, 45,906 of these stock options have been exercised.

 

Dividends

 

There have been no cash dividends declared on our common stock and we do not anticipate paying cash dividends on our common stock in the foreseeable future. Common stock dividends are not limited and are declared at the sole discretion of our Board of Directors.

 

Our Series A-1 Convertible Preferred Stock earns cumulative dividends at a rate of 8% per annum, payable in cash or common stock at the option of the Company on June 30 and December 31 of each year. If paid in common stock, the common stock will be valued at the average of the closing price for the five business days prior to the dividend payment date. The Preferred shareholders will participate in any common stock dividends on an as converted basis. During the years ended December 31, 2020 and 2019, $107,880 and $0, respectively, in dividends were declared for holders of our 8% Series A-1 Convertible Preferred stock. The $107,880 in dividends were paid through the issuance of 43,169 shares of our common stock.

 

Securities Authorized for Issuance Under Equity Compensation Plans

 

On October 24, 2019, our 2019 Equity Incentive Plan went effective. The plan was approved by our Board of Directors and the holders of a majority of our voting stock on September 9, 2019. The plan’s number of authorized shares is 3,848,467. As of December 31, 2020, there were stock options granted to acquire 2,521,992 shares of common stock at exercise prices from $0.2634 to $3.30 per share under the plan. As of December 31, 2020, the plan had 1,202,168 vested shares and 1,319,754 non-vested shares. The stock options are held by our officers, directors and certain key employees and consultants.

 

 
22

Table of Contents

 

Preferred Stock

 

On August 8, 2019, we entered into an 8% Series A-1 Convertible Preferred Stock Investment Agreement with First Capital Ventures, LLC (“FCV”), and its assignee. We desired to raise between $1,000,000 and $2,000,000 from the sale of our 8% Series A-1 Convertible Preferred Stock and FCV intended to raise between $1,000,000 and $2,000,000 (net after offering expenses) in a special purchase vehicle (“SPV”) created by FCV to purchase the 8% Series A-1 Convertible Preferred Stock. We granted FCV and its assigns, the exclusive right to purchase the 8% Series A-1 Convertible Preferred Stock. We agreed to pay $26,196 in legal and other expenses of the SPV subsequent to the day in which we receive a minimum of $1,000,000 from the sale of 1,000,000 shares of the 8% Series A-1 Convertible Preferred Stock. We also agreed to cancel all shares of our issued and outstanding Series A Preferred Stock, immediately following the closing date. In accordance with the August 8, 2019, Investment Agreement with FCV, on December 9, 2019, our Board of Directors created a class of preferred stock designated as 8% Series A-1 Convertible Preferred Stock comprising of 2,000,000 shares. The rights and preferences of the 8% Series A-1 Convertible Preferred Stock are as follows: (a) dividend rights of 8% per annum based on the original issuance price of $1 per share, (b) liquidation preference over our common stock, (c) conversion rights into shares of our common stock at $1 per share (not to be affected by any reverse stock split in connection with the IDTEC APA), (d) redemption rights such that we have the right, upon thirty (30) days written notice, at any time after one year from the date of issuance, to redeem the all or part of the Series A-1 Preferred Stock for 150% of the original issuance price, (e) no call rights by us, and (f) each share of Series A Convertible Preferred stock will vote on an “as converted” basis. On December 12, 2019, we entered into a Series A-1 Preferred Stock Purchase Agreement (the “SPA”) with SOBR SAFE, LLC, a Delaware limited liability company and an entity controlled by Gary Graham, one of our Directors (“SOBR SAFE”), under which SOBR SAFE agreed to acquire One Million (1,000,000) shares of our Series A-1 Convertible Preferred Stock (the “Preferred Shares”), in exchange for One Million Dollars ($1,000,000) (the “Purchase Price”). We received the Purchase Price on December 12, 2019. In connection with the closing of the SPA, holders of our common stock representing approximately 52% of our then-outstanding common stock and voting rights signed irrevocable proxies to Gary Graham and/or Paul Spieker for the purpose of allowing Mr. Graham and/or Mr. Spieker to vote those shares on any matters necessary to close the transaction that was the subject of the certain Asset Purchase Agreement May 6, 2019, as amended.   

 

On May 7, 2020 and November 30, 2020, we entered into Amendment No. 1 and Amendment No. 2 to the Investment Agreement with FCV, which amended the following terms of the Investment Agreement and the rights and preferences of the Series A-1 Convertible Preferred Stock: (a) increase the authorized Series A-1 Convertible Preferred Stock to 2,700,000 shares, (b) changing the conversion terms of the Series A-1 Stock from automatically convertible immediately upon our common stock having a closing bid price equal or greater than $2.00 per share for three (3) consecutive days of trading to the earliest of either (i) SOBR LLC submitting a written Notice of Conversion to us, or (ii) seven (7) days after we are quoted on the OTCQB-tier of OTC Markets, and (c) permitting all holders of Series A-1 Convertible Preferred Stock on a Dividend Payment Date, regardless of when the Series A-1 Stock was acquired, to participate in full in any dividend payments.

 

Our Series A-1 Convertible Preferred Stock earned cumulative dividends at a rate of 8% per annum, payable in cash or common stock at the option of the Company on June 30 and December 31 of each year (each a “Dividend Payment Date”). If paid in common stock, the common stock will be valued at the average of the closing price for the five business days prior to the dividend payment date. The Preferred shareholders will participate in any common stock dividends on an as converted basis. As of November 30, 2020, we had one holder of our Series A-1 Convertible Preferred Stock, SOBR Safe, LLC, and we owed $107,880 in accrued dividends to the holder of our Series A-1 Preferred Stock. On November 30, 2020, the holder of all our Series A-1 Convertible Preferred Stock converted the Series A-1 Convertible Preferred Stock into 2,700,000 shares of our common stock. Pursuant to the conversion, we issued the holder an additional 43,169 shares of our common stock as payment for all unpaid dividends.

 

 
23

Table of Contents

 

As of December 31, 2020, we did not have any shares of Series A-1 Convertible Preferred Stock outstanding.

 

On November 20, 2015, our Board of Directors authorized a class of stock designated as preferred stock with a par value of $0.00001 per share comprising 25,000,000 shares, 3,000,000 shares of which were classified as Series A Convertible Preferred stock. In each calendar year, the holders of the Series A Convertible Preferred stock are entitled to receive, when, as and if, declared by the Board of Directors, out of any of our funds and assets legally available, non-cumulative dividends, in an amount equal to any dividends or other Distribution on the common stock in such calendar year (other than a Common Stock Dividend). No dividends (other than a Common Stock Dividend) shall be paid and no distribution shall be made with respect to the common stock unless dividends shall have been paid or declared and set apart for payment to the holders of the Series A Convertible Preferred stock simultaneously. Dividends on the Series A Convertible Preferred stock shall not be mandatory or cumulative, and no rights or interest shall accrue to the holders of the Series A Convertible Preferred stock by reason of the fact that we shall fail to declare or pay dividends on the Series A Convertible Preferred stock, except for such rights or interest that may arise as a result of us paying a dividend or making a distribution on the common stock in violation of the terms. The holders of each share of Series A Convertible Preferred stock then outstanding shall be entitled to be paid, out of the Available Funds and Assets, and prior and in preference to any payment or Distribution (or any setting part of any payment or Distribution) of any Available Funds and Assets on any shares of common stock, and equal in preference to any payment or Distribution (or any setting part of any payment or Distribution) of any Available Funds and Assets on any shares of any other series of preferred stock that have liquidation preference, an amount per share equal to the Original Issue Price of the Series A Convertible Preferred stock plus all declared but unpaid dividends on the Series A Convertible Preferred stock. A reorganization, or any other consolidation or merger of the Company with or into any other corporation, or any other sale of all or substantially all of the assets of the Company, shall not be deemed a liquidation, dissolution, or winding up of the company. Shares of the Series A Convertible Preferred stock are convertible at a 35% discount rate to the average closing price per share of our common stock (either as listed on a national exchange or as quoted over-the-market) for the last fifteen (15) trading days immediately prior to conversion. However, no conversions of the Series A Convertible Preferred stock to shares of common stock can occur unless the average closing price per share of our common stock (either as listed on a national exchange or as quoted over-the-market) for the last fifteen (15) trading days immediately prior to conversion is at least five cents ($0.05). The shares of Series A Convertible Preferred stock vote on an “as converted” basis. The right of conversion is limited by the fact the holder of the Series A Convertible Preferred stock may not convert if such conversion would cause the holder to beneficially own more than 4.9% of our common stock after giving effect to such conversion.

 

As of December 31, 2020 and December 31, 2019, we had no issued shares of Series A Convertible Preferred stock.

 

As a condition of the 8% Series A-1 Convertible Preferred Stock agreement, the outstanding shares of our Series A Convertible Preferred stock were cancelled as of December 31, 2019. During the year ended December 31, 2019 and 2018, no dividends were declared for holders of the Series A Convertible Preferred stock.

 

 
24

Table of Contents

 

Recent Issuance of Unregistered Securities

 

During the three months ended December 31, 2020, we issued the following unregistered securities:

 

On November 17, 2020, we received a Notice of Conversion from IDTEC, LLC, informing us that IDTEC desired to convert its 10% convertible promissory note dated June 6, 2020, in the principal amount of $1,485,189 into shares of our common stock. As of November 17, 2020, we owed IDTEC a total of $1,551,514 in principal and interest under the promissory note. Under the terms of the promissory note, the principal and interest due under the note is convertible into shares of our common stock at $0.50 per share. As a result, on December 7, 2020, we issued IDTEC 3,103,028 shares of our common stock. These shares were issued with a standard Rule 144 restrictive legend. The issuance of the shares was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933. The investor was sophisticated, familiar with our operations, and there was no solicitation.

 

On December 7, 2020, we sent a Notice of Automatic Conversion and Calculation of Dividend Shares to SOBR Safe, LLC, notifying them that under the terms governing the shares of Series A-1 Convertible Preferred Stock the 2,700,000 shares of Series A-1 Convertible Preferred Stock owned by SOBR Safe, LLC automatically converted into 2,700,000 shares of our common stock. In addition, as a result of the conversion of the Series A-1 Convertible Preferred Stock we owed SOBR Safe, LLC accrued dividends totaling $107,880, which we could pay in cash or in shares of our common stock based on the price of common stock on the applicable dividend dates. Our management and Board of Directors elected to pay SOBR Safe, LLC the accrued dividends in shares of our common stock. Based on the price of our common stock on the applicable dividend dates, we owed SOBR Safe, LLC 43,169 share of our common stock in full satisfaction of the accrued dividends. As a result, on December 15, 2020, we issued SOBR Safe, LLC 2,743,169 shares of our common stock. These shares were issued with a standard Rule 144 restrictive legend. The issuance of the shares was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933. The investor was sophisticated, familiar with our operations, and there was no solicitation.

 

Under an Employment Agreement with Kevin Moore dated October 25, 2019, we agreed to issue Mr. Moore an aggregate of 72,159 shares of our common stock for services provided to us for October 2019, November 2019 and December 2019 (24,053 per month). We never issued the shares. As a result, on December 15, 2020, we issued Mr. Moore 72,159 shares of our common stock. These shares were issued with a standard Rule 144 restrictive legend. The issuance of the shares was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933. The investor was is one of our officers and directors, sophisticated, familiar with our operations, and there was no solicitation.

 

If our stock is listed on an exchange, we will be subject to the Securities Enforcement and Penny Stock Reform Act of 1990 which requires additional disclosure relating to the market for penny stocks in connection with trades in any stock defined as a penny stock. The Commission has adopted regulations that generally define a penny stock to be any equity security that has a market price of less than $5.00 per share, subject to a few exceptions which we do not meet. Unless an exception is available, the regulations require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule explaining the penny stock market and the risks associated therewith.

 

Purchases of Equity Securities

 

During the year ended December 31, 2020, we did not purchase any of our equity securities.

 

 
25

Table of Contents

 

ITEM 6 – SELECTED FINANCIAL DATA

 

As a smaller reporting company we are not required to provide the information required by this Item.

 

ITEM 7 - MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

 

Disclaimer Regarding Forward Looking Statements

 

Our Management’s Discussion and Analysis or Plan of Operations contains not only statements that are historical facts, but also statements that are forward-looking. Forward-looking statements are, by their very nature, uncertain and risky. These risks and uncertainties include international, national and local general economic and market conditions; demographic changes; our ability to sustain, manage, or forecast growth; our ability to successfully make and integrate acquisitions; raw material costs and availability; new product development and introduction; existing government regulations and changes in, or the failure to comply with, government regulations; adverse publicity; competition; the loss of significant customers or suppliers; fluctuations and difficulty in forecasting operating results; changes in business strategy or development plans; business disruptions; the ability to attract and retain qualified personnel; the ability to protect technology; and other risks that might be detailed from time to time in our filings with the Securities and Exchange Commission.

 

Although the forward-looking statements in this Annual Report reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by them. Consequently, and because forward-looking statements are inherently subject to risks and uncertainties, the actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. You are urged to carefully review and consider the various disclosures made by us in this report and in our other reports as we attempt to advise interested parties of the risks and factors that may affect our business, financial condition, and results of operations and prospects.

 

Overview

 

We intend to create substance-free environments by integrating and commercializing critical substance detection technologies. These technologies will be integrated within our robust and scalable data platform producing statistical analytics and predictive user data. Our mission is to save lives, accelerate intervention, increase productivity, create significant economic benefit and positively impact behavior. To that end, we developed the scalable, patented SOBRSafe™ software platform for non-invasive alcohol detection and identity verification, a solution that has anticipated applications in school buses, commercial vehicle fleets and facility access control, as well as addiction treatment and managed care.

 

Currently, our plan is to deploy our SOBRSafe™ technology in two initial devices: the SOBRtab™ wearable band and the SOBRCheck™ system. SOBRtab™ is a transdermal, alcohol-detecting wearable band containing our SOBRSafe™ technology for ongoing, real-time alcohol monitoring, with predictive heart rate monitoring. SOBRCheck™ is our centralized access control product. When installed in manufacturing facilities, warehouses and more, SOBRCheck™ enables a rapid, hygienic finger scan, with real-time results delivered securely to the employer for any necessary corrective action. The SOBRSafe™ technology can also be deployed across numerous additional devices for various uses. Currently, additional devices for our SOBRSafe™ alcohol detection technology we are exploring include possible integrations with existing law enforcement technologies to enhance public safety. In addition, we are proactively evaluating other emerging detection technologies for alcohol, cannabis, opioids, human health and more.

 

 
26

Table of Contents

 

Statistical analytics and predictive user data is another potential valuable asset. We believe our device portfolio approach could yield this highly valuable information asset. The opportunity to collect millions of data points over time could enable the development of predictive analytics for perpetual safety improvement (and associated cost savings capture). And by demonstrating substance-free environments, employers could deliver a data-driven argument for lowering insurance premiums and we could potentially partner with insurance providers to mandate use of the SOBRSafe™ devices and/or technology.

 

In addition to focusing on the development, marketing and commercialization of the SOBRCheck™ and SOBRtab™ devices, we are also constantly reviewing synergistic technologies and businesses for potential partnerships, including licensing of the SOBRSafe™ technology.

 

On June 5, 2020, we closed the transaction (the “Transaction”) that was the subject of that certain Asset Purchase Agreement dated May 6, 2019 (and Amendment No. 1 dated March 9, 2020, together the “APA”) with IDTEC, LLC (“IDTEC”), under which IDTEC agreed to provide personnel, experience, and access to funding to assist with the development of our SOBR device, as well as to sell to us certain robotics assets, which our management believes are synergistic with our current assets, in exchange for 12,000,000 shares of our common stock after giving effect to the reverse stock split effected in connection with closing the transaction. The closing of the Transaction was subject to several conditions precedent, primarily: (i) we had to be current in our reporting requirements under the Securities Exchange Act of 1934, as amended, (ii) we had to complete a reverse stock split of our common stock such that approximately 8,000,000 shares were outstanding immediately prior to closing the transaction, (iii) we could only have outstanding convertible instruments as set forth in the APA, (iv) our authorized common stock had to be reduced to 100,000,000 shares, and (v) we could not have more than approximately $125,000 in current liabilities. Effective with the closing of the transaction all of the closing conditions had been met, modified or waived by IDTEC, and we issued the 12,000,000 shares to IDTEC in exchange for IDTEC providing access to personnel, experience, funding to assist with the development of our SOBR device, as well as the robotics assets. The description of the APA set forth in this report is qualified in its entirety by reference to the full text of that document and the amendment, which are attached hereto as Exhibits 10.1 and 10.12, respectively.

 

In advance of closing the Transaction, IDTEC and a few other affiliated parties (i) loaned funds directly to us, (ii) spent funds for the general costs related to the transaction, and/or (iii) spent funds to further develop and enhance the current SOBR product. As a result of closing the transaction, all the funds spent by IDTEC for any reason related to the transaction were turned into a convertible promissory note. These note totaled approximately $1,500,000 at closing, carry a simple interest rate of 10% per annum, are due upon demand, and may be convertible into shares of our common stock at $0.50 per share (after giving effect to the reverse stock split and subject to anti-dilution protection against any future securities we may issue at an effective price of less than $0.50 per share) at the discretion of the holder. The promissory note is due on demand of the holder. The repayment of this promissory note is secured by a first priority security lien or security interest in our patents, trademarks, tradenames and other intellectual property described in Exhibit A of the promissory note. The convertible promissory notes we issued are in the form attached hereto as Exhibit 10.13.

 

As noted above, in connection with the closing of the Transaction, both companies had certain closing conditions under the APA that had to be met. At closing, some of the closing conditions under the APA were either waived and/or modified by the parties. In order to document those modifications and waivers, we entered into a Waiver Under Asset Purchase Agreement and Post-Closing Covenant Agreement with IDTEC. The description of the Waiver Under Asset Purchase Agreement and Post-Closing Covenant Agreement set forth in this report is qualified in its entirety by reference to the full text of that document, which is attached hereto as Exhibit 10.14.

 

 
27

Table of Contents

 

One of the closing conditions that was the subject of the Waiver Under Asset Purchase Agreement and Post-Closing Covenant Agreement was the requirement that we have under $125,000 in permitted liabilities (not including aged liabilities) after closing of the Transaction. At closing we had approximately $158,000 in non-permitted liabilities under the APA. As a result, we issued a Warrant to Purchase Common Stock to IDTEC (the “Warrant”), under which IDTEC will purchase up to 320,000 shares of our common stock (post-split) at an exercise price of $0.50 per share, if either (i) we are forced to pay a non-permitted liability, then we may force IDTEC to exercise the Warrant and pay the exercise price to pay the non-permitted liability, but only in an amount sufficient to pay the non-permitted liability (which are listed on Exhibit A of the Warrant), or (ii) if IDTEC otherwise elects to exercise the Warrant and acquire some or all of the shares underlying the Warrant. The Warrant expires five years after the date of issuance. The description of the Warrant set forth in this report is qualified in its entirety by reference to the full text of that document, which is attached hereto as Exhibit 10.15.  

 

Corporate Overview

 

We were incorporated under the name Imagine Media, Ltd. in August 2007 to publish and distribute Image Magazine, a monthly guide and entertainment source for the Denver, Colorado area. We generated only limited revenue and essentially abandoned the business plan in January 2009. On September 19, 2011, we, Imagine Media, Ltd., a Delaware corporation, acquired approximately 52% of the outstanding shares of TransBiotec, Inc. (the “Company” or “TBT”), a California corporation, from TBT’s directors in exchange for 373,315 shares of our common stock.

 

On January 17, 2012, our Board of Directors amended our Certificate of Incorporation changing our name from Imagine Media, Ltd. to TransBiotec, Inc.

 

On January 31, 2012, we acquired approximately 45% of the remaining outstanding shares of TBT in exchange for 329,936 shares of our common stock.

 

With the acquisitions in September 2011 and January 2012 of TBT common stock, we own approximately 99% of the outstanding shares of TBT.

 

As a result of the acquisitions, TBT’s business is our business, and, unless otherwise indicated, any references to “we” or “us” include the business and operations of TBT.

 

On March 9, 2020, in connection with our transaction with IDTEC, LLC (as detailed herein) our Board of Directors approved the amendment to our Certificate of Incorporation on March 9, 2020 and stockholders holding 52.24% of our then outstanding voting stock approved the amendment to our Articles of Incorporation. The Certificate of Amendment to our Certificate of Incorporation was for the purpose of, among other things, (i) changing our name from “TransBiotec, Inc.” to “SOBR Safe, Inc.”, (ii) effecting a 1-for-33.26 reverse stock split of our common stock, and (iii) decreasing our authorized common stock from 800,000,000 shares to 100,000,000 shares, and became effective with the State of Delaware on April 24, 2020.

 

As a result of the reverse stock split effected by our Certificate of Amendment to our Certificate of Incorporation, every 33.26 shares of our outstanding common stock prior to the effect of that amendment were combined and reclassified into one share of our common stock, and the number of outstanding shares of our common stock at the time was reduced from 266,097,657 (pre-split) to approximately 8,000,000 (post-split). No fractional shares were issued in connection with the reverse stock split, and any of our stockholders that would have been entitled to receive a fractional share as a result of the reverse stock split will instead receive one additional share of our common stock in lieu of the fractional share. The reverse stock split will not in itself affect any stockholder’s ownership percentage of our common stock, except to the extent that any fractional share is rounded up to the nearest whole share.

 

 
28

Table of Contents

 

At the open of trading on June 8, 2020, our new name and reverse stock split went effective with OTC Markets, and we began trading on the “OTC Pink Current Information” tier of OTC Markets on a post reverse stock split basis. Our ticker symbol for the quotation of our common stock is now “SOBR”. On November 16, 2020, we began trading on the “OTCQB” tier of OTC Markets.

 

Our corporate offices are located at 885 Arapahoe Road, Boulder, CO 80302, telephone number (844) 762-7723.

 

The following discussion:

 

 

o

summarizes our plan of operation; and

 

o

analyzes our financial condition and the results of our operations for the year ended December 31, 2020.

  

This discussion and analysis should be read in conjunction with our financial statements included as part of this Annual Report.

 

Results of Operations for the Years Ended December 31, 2020 and 2019

 

Summary of Results of Operations

 

 

 

Year Ended

December 31,

 

 

 

2020

 

 

2019

 

Revenue

 

$ -

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative

 

 

632,426

 

 

 

232,178

 

Stock-based compensation expense

 

 

273,443

 

 

 

44,082

 

Management salaries and consulting fees

 

 

1,370,681

 

 

 

498,246

 

Research and development

 

 

633,050

 

 

 

12,787

 

Total operating expenses

 

 

2,909,600

 

 

 

787,293

 

 

 

 

 

 

 

 

 

 

Operating loss

 

 

(2,909,600 )

 

 

(787,293 )

 

 

 

 

 

 

 

 

 

Other income (expense):

 

 

 

 

 

 

 

 

Loss on debt extinguishment, net

 

 

(224,166 )

 

 

-

 

Loss on disposal of property and equipment

 

 

(39,434 )

 

 

-

 

Gain on fair value adjustment – derivatives

 

 

60,650

 

 

 

4,150

 

Interest expense

 

 

(141,512 )

 

 

(457,505 )

Amortization of interest – beneficial conversion feature

 

 

(1,407,675 )

 

 

(11,509 )

Asset impairment adjustment

 

 

(25,320,555 )

 

 

-

 

Total other (expense), net

 

 

(27,072,692 )

 

 

(464,864 )

 

 

 

 

 

 

 

 

 

Net loss

 

$ (29,982,292 )

 

$ (1,252,157 )

 

 
29

Table of Contents

 

Operating Loss; Net Loss

 

Our net loss increased by $28,730,135 from $1,252,157 to $29,982,292, from year ended December 31, 2019 compared to the year ended December 31, 2020. Our operating loss increased by $2,122,307, from $787,293 to $2,909,600 for the same periods. The change in our net loss for the year ended December 31, 2020, compared to the prior year period, is primarily a result of an asset impairment expense related to the assets we acquired from IDTEC during the year ended December 31, 2020, as well as us having increases in stock-based compensation expense, management salaries and consulting fees, research in development, loss on extinguishment of debt, loss on disposal of equipment, interest expense, and amortization of interest – beneficial conversion feature, all of which are primarily related to our increased operations and management team in connection with the closing of the transaction with IDTEC; offset by gains on fair value adjustment – derivatives, share issuances, and extinguishment/forgiveness of debt. The changes are detailed below.

 

Revenue

 

We have not had any revenues since our inception. Since September 2011, we have been involved in the development of our patented SOBR® Safe™ system, including, but not limited to, the developing, testing and marketing of SOBR®Check™, our unique alcohol sensor technology. Although we have not had any sales to date, we are planning to be ready to commercialize the SOBR®Check™ device in the second quarter of 2021.

 

General and Administrative Expenses

 

General and administrative expenses increased by $400,248, from $232,178 for the year ended December 31, 2019 to $632,426 for the year ended December 31, 2020, primarily due to increases in legal, accounting and other professional fees.

 

Stock-Based Compensation Expense

 

We had stock-based compensation expense increased by $229,361, to $273,443 for the year ended December 31, 2020, compared to $44,082 for the year ended December 31, 2019. The stock-based compensation expense for both years was related to the issuance of our common stock as compensation to certain consultants and employees.

 

Management Salaries and Consulting Fees

 

Management salaries and consulting fees increased by $872,435, to $1,370,681 for the year ended December 31, 2020, compared to $498,246. The management salaries and consulting fees in both years were related to salaries and fees paid to our management and consultants, which includes our new management team we hired in connection with the transaction with IDTEC.

 

Research and Development

 

Research and development was $633,050 for the year ended December 31, 2020, compared to $12,787 for the year ended December 31, 2019. The research and development in both years was related to expenses to developing our SOBR® Safe™ system, including, but not limited to, the developing and testing of SOBRCheck, our unique alcohol sensor technology.

 

 
30

Table of Contents

 

Loss on Debt Extinguishment

 

Loss on extinguishment of debt, net was $224,166 for the year ended December 31, 2020, compared to $0 for the year ended December 31, 2019. This increase was due to us converting several notes payable with conversion prices less than the fair market price on the conversion date during the year ended December 31, 2020, but none during the year ended December 31, 2019.

 

Loss on Disposal of Property and Equipment

 

Loss on disposal of property and equipment was $39,434 for the year ended December 31, 2020, compared to $0 for the year ended December 31, 2019. This loss on disposal of property and equipment during the year ended December 31, 2020 was related to equipment acquired in the IDTEC transaction.

 

Gain on Fair Value Adjustment – Derivatives

 

Gain on fair value adjustment – derivatives was $60,650 for the year ended December 31, 2020, compared to $4,150 for the year ended December 31, 2019. For both periods the amounts are related to us having an outstanding financial instrument that contained an embedded derivative liability. The gain related to the instrument being tied to the price of our common stock.

 

Interest Expense

 

Interest expense decreased by $315,993, from $457,505 for the year ended December 31, 2019 to $141,512 for the year ended December 31, 2020. For both periods these amounts are largely due to the interest on outstanding debt. The decrease between the two periods is largely related to the fact that during 2020 we converted many of the instruments that we were paying interest on in 2019.

 

Amortization of Interest – Beneficial Conversion Feature

 

During the year ended December 31, 2020, we had amortization of interest – beneficial conversion feature expense of $1,407,675 compared to $11,509 during the year ended December 31, 2019. The expense in 2020 was related to a convertible note payable of $1,485,189 and was accounted for as amortization of interest - beneficial conversion feature. The expense in 2019 was related to the amortized discount on convertible non-related party notes payable.

 

Asset Impairment Adjustment

 

            We had an asset impairment adjustment of $25,320,555 in the year ended December 31, 2020. We did not have an asset impairment adjustment in the year ended December 31, 2019. The asset impairment adjustment in 2020 was related to the value of the stock we issued to IDTEC that was attributed to the robotic assets we acquired from IDTEC versus the value of the assets. When we negotiated the transaction with IDTEC in early-to-mid-2019, we agreed to issue IDTEC 12,000,000 shares of our common stock (post-split) in exchange for the consideration they were transferring to us at the close of the transaction. At the time we negotiated the transaction and signed the Asset Purchase Agreement, our common stock was trading at a lower price than what it was trading at when we closed the transaction and issued the shares. As a result, during the year ended December 31, 2020, we impaired the value of the robotic assets we received in the transaction.

 

 
31

Table of Contents

 

Liquidity and Capital Resources

 

Introduction

 

During the years ended December 31, 2020 and 2019, because of our operating losses, we did not generate positive operating cash flows. Our cash on hand as of December 31, 2020 was $232,842 and our monthly cash flow burn rate is approximately $100,000. We are currently satisfying our cash needs from proceeds from the sales of our securities. We currently do not believe we will be able to satisfy our cash needs from our revenues for some time and there is no guarantee we will be successful in the future satisfying these needs through the proceeds from the sales of our securities.

 

Our cash, current assets, total assets, current liabilities, and total liabilities as of December 31, 2020 and 2019, respectively, are as follows:

 

 

 

December 31,

2020

 

 

December 31,

2019

 

 

Change

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$ 232,842

 

 

$ 681,759

 

 

$ (448,917 )

Total Current Assets

 

 

348,072

 

 

 

690,813

 

 

 

(342,741 )

Total Assets

 

 

3,986,573

 

 

 

690,813

 

 

 

3,295,760

 

Total Current Liabilities

 

 

947,089

 

 

 

4,283,934

 

 

 

(3,336,845 )

Total Liabilities

 

$ 947,089

 

 

$ 4,283,934

 

 

$ (3,336,845 )

 

Our current assets decreased by $342,741 as of December 31, 2020 as compared to December 31, 2019, due to us having less cash on hand, partially offset by an increase in prepaid expenses. Our total assets increased by $3,295,760 as of December 31, 2020 as compared to December 31, 2019, due to value of our SOBRSafe Technology and associated intellectual property as of December 31, 2020.

 

Our current liabilities and total liabilities decreased by $3,336,845 as of December 31, 2020 as compared to December 31, 2019. This decrease was primarily due to a significant decreases in our accounts payable, accrued expenses, accrued interest payable, derivative liabilities, notes payable – current – related party, related party payables, and our preferred stock subscription payable. The significant decreases in our related party payables and accrued interest payable in 2020 was largely due to the conversion of a portion of those payables into shares of our common stock. The decrease in our preferred stock subscriptions payable is due to the Company issuing the Series A-1 Convertible Preferred Stock in 2020 for the $1,000,000 of cash from the offering that was received in 2019 and recorded as a subscription payable at December 31, 2019.

 

Cash Requirements

 

We had cash available as of December 31, 2020 of $232,842 and $681,759 on December 31, 2019. Based on our operating cash flow estimates, cash on hand and current monthly burn rate of approximately $100,000, we believe we have sufficient cash on hand for three months of operations, and we will need to continue borrowing from our shareholders and other related parties, and/or raise money from the sales of our securities, to fund future operations.

 

On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus originating in Wuhan, China (the “COVID-19 outbreak”) and the risks to the international community as the virus spreads globally beyond its point of origin. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic, based on the rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as of the date of this Annual Report. Management is actively monitoring the global situation on its financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, we are not able to estimate the effects of the COVID-19 outbreak on our results of operations, financial condition, or liquidity for fiscal year 2021. However, if the pandemic continues, it will have an adverse effect on our results of future operations, financial position, and liquidity in year 2021.

 

 
32

Table of Contents

 

Sources and Uses of Cash

 

Operations

 

We had net cash used for operating activities of $2,191,533 for the year ended December 31, 2020, as compared to net cash used for operating activities of $543,956 for the year ended December 31, 2019. For the period in 2020, the net cash used in operating activities consisted primarily of our net loss of $29,982,292 and change in fair value of derivative liability of $60,650, offset by a loss on debt extinguishment, net of $224,166, loss on disposal of property and equipment of $39,434, depreciation and amortization of $232,194, amortization of interest – beneficial conversion feature of $1,407,675, stock warrants expense of $219,670, stock options expense of $239,478, stock-based compensation expense of $54,283, and asset impairment adjustment of $25,320,555, and changes in our assets and liabilities of prepaid expenses of $3,515, other assets of ($8,680), accounts payable of $113,158, accrued expenses of ($4,666), accrued interest payable of $26,677, and related party payables of ($24,706). In 2019, the net cash used for operating activities consisted primarily of our net loss of $1,252,157, and change in fair value of derivative liability of ($4,150), interest expense – debt discount of $64,800, stock warrants expense of $159,961, stocks options expense of $95,567, amortization – debt discount of $5,920, amortization of interest – beneficial conversion feature of $5,589, stock based-compensation expense of $44,082 in addition to changes in assets and liabilities of accounts payable of $22,166, accrued expenses of ($1,165), stock subscriptions payable of $78,353, accrued interest payable of $160,772, related party payables of $72,369, and prepaid expenses of $3,937.

 

Investments

 

We had proceeds from disposal of property and equipment of $951 during the year ended December 31, 2020, compared to $0 for the year ended December 31, 2019.

 

Financing

 

Our net cash provided by financing activities for the year ended December 31, 2020 was $1,741,665, compared to $1,225,626 for the year ended December 31, 2019. For 2020, our financing activities related to proceeds from offering of preferred stock – related parties of $1,700,000, and proceeds from notes payable – non-related parties of $41,665. For 2019, our financing activities related to proceeds from offering of preferred stock – related parties of $1,000,000, proceeds from issuances of common stock – non-related parties of $39,000, and proceeds from notes payable – related parties of $186,626.

 

Critical Accounting Policies and Estimates

 

Our consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles. The preparation of our audited consolidated financial statements and related disclosures require our management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the audited consolidated financial statements, and the reported amounts of revenues and expenses during the reported period. We base such estimates on historical experience, known trends and events and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. We evaluate our estimates and assumptions on an ongoing basis. Our actual results may differ from these estimates under different assumptions and conditions.

 

 
33

Table of Contents

 

While our significant accounting policies are described in more detail in the notes to our audited consolidated financial statements appearing elsewhere in this annual report on Form 10-K, we believe that the following accounting policies are those most critical to the judgments and estimates used in the preparation of our consolidated financial statements.

 

Use of Estimates

The preparation of audited consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Specifically, such estimates were made by the Company for the valuation of derivative liability, stock compensation and beneficial conversion feature expenses. Actual results could differ from those estimates.

 

Concentration of Credit Risk

Certain financial instruments potentially subject the Company to concentrations of credit risk. Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Cash held in operating accounts may exceed the Federal Deposit Insurance Corporation, or FDIC, insurance limits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. While the Company monitors cash balances in our operating accounts on a regular basis and adjust the balances as appropriate, these balances could be impacted if the underlying financial institutions fail. To date, the Company has experienced no loss or lack of access to our cash; however, the Company can provide no assurances that access to our cash will not be impacted by adverse conditions in the financial markets. At December 31, 2020 and December 31, 2019, the Company had $0 and $431,759 in excess of the FDIC insured limit, respectively.

 

Financial Instruments

Pursuant to ASC Topic 820, Fair Value Measurements and Disclosures and ASC 825, Financial Instruments, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 and 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 and 825 prioritizes the inputs into three levels that may be used to measure fair value:

 

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

 

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets: quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

 

 
34

Table of Contents

 

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

 

The Company’s financial instruments consist primarily of cash, accounts payable, accrued expenses, accrued interest payable, notes payable, related party payables, convertible debentures, and other payables. Pursuant to ASC 820 and 825, the fair value of our derivative liabilities is determined based on “Level 3” inputs. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

  

Beneficial Conversion Features

From time to time, the Company may issue convertible notes that may contain an embedded beneficial conversion feature. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of the warrants, if related warrants have been granted. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid-in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method.

 

Derivative Instruments

The fair value of derivative instruments is recorded and shown separately under current liabilities. Changes in fair value are recorded in the consolidated statement of operations under other income (expense).

 

The accounting treatment of derivative financial instruments requires that the Company record the embedded conversion option at its fair value as of the inception date of the agreement and at fair value as of each subsequent balance sheet date. Any change in fair value is recorded as non-operating, non-cash income or expense for each reporting period at each balance sheet date. If the classification changes as a result of events during the period, the contract is reclassified as of the date of the event that caused the reclassification. As a result of entering into warrant agreements, for which such instruments contained a variable conversion feature with no floor, the Company has adopted a sequencing policy in accordance with ASC 815-40-35-12 whereby all future instruments may be classified as a derivative liability with the exception of instruments related to share-based compensation issued to employees or directors. For stock-based derivative financial instruments, the Company uses a Monte Carlo Simulation model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.

 

The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instruments are initially recorded at their fair values and are then re-valued at each reporting date, with changes in the fair value reported in the consolidated statements of operations.

 

 
35

Table of Contents

 

Stock-based Compensation

The Company follows the guidance of the accounting provisions of ASC 718 Share-based Compensation (“ASC 718”), which requires the use of the fair-value based method to determine compensation for all arrangements under which employees and others receive shares of stock or equity instruments (warrants and options). The fair value of each option award is estimated on the date of grant using the Black-Scholes options-pricing model that uses assumptions for expected volatility, expected dividends, expected term, and the risk-free interest rate. The Company has not paid dividends historically and does not expect to pay them in the future. Expected volatilities are based on weighted averages of the historical volatility of the Company’s common stock estimated over the expected term of the options. The expected term of options granted is derived using the “simplified method” which computes expected term as the average of the sum of the vesting term plus the contract term as historically the Company had limited activity surrounding its options. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the period of the expected term.

 

New Pronouncements

 

In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. ASU 2019-12 is effective for fiscal years beginning after December 15, 2021. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The Company is evaluating the effects, if any, of the adoption of ASU 2019-12 guidance on the Company's financial position, results of operations and cash flows.

 

In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, which address issues identified as a result of the complexity associated with applying generally accepted accounting principles for certain financial instruments with characteristics of liabilities and equity. This amendment is effective for public business entities that meet the definition of a SEC filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company is evaluating the effects, if any, of the adoption of ASU 2020-06 guidance on the Company's financial position, results of operations and cash flows.

 

In October 2020, the FASB issued ASU No. 2020-08, Codification Improvements to Subtopic 310-20, Receivables-Nonrefundable Fees and Other Costs, amendments the guidance in ASU No. 2017-08, (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities, which addresses multiple call dates of a callable debt security. This amendment is effective for public business entities, for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early application is not permitted. The Company is evaluating the effects, if any, of the adoption of ASU 2020-08 guidance on the Company's financial position, results of operations and cash flows.

 

Off Balance Sheet Arrangements

 

We have no off balance sheet arrangements as of December 31, 2020 and 2019.

  

 
36

Table of Contents

 

ITEM 7A – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

As a smaller reporting company we are not required to provide the information required by this Item.

 

ITEM 8 ‑ FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

 

For a list of financial statements and supplementary data filed as part of this Annual Report, see the Index to Financial Statements beginning at page F-1 of this Annual Report.

  

ITEM 9 ‑ CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

 

On January 1, 2021, the audit practice of Hall & Company Certified Public Accountants and Consultants, Inc. (“Hall”), an independent registered public accounting firm, was combined with Macias Gini & O’Connell (“MGO”) in a transaction pursuant to which Hall combined its operations with MGO, and certain members of Hall joined MGO either as employees or partners of MGO. On February 19, 2021, Hall informed us that as a result of the merger with MGO, Hall was resigning as our independent auditors. On February 23, 2021, our Board of Directors approved the engagement of MGO as our independent registered public accounting firm.

 

Prior to engaging MGO, we did not consult with MGO regarding the application of accounting principles to a specific completed or proposed transaction or regarding the type of audit opinions that might be rendered by MGO on our financial statements, and MGO did not provide any written or oral advice that was an important factor considered by us in reaching a decision as to any such accounting, auditing or financial reporting issue.

 

The Report of Independent Registered Public Accounting Firm of Hall regarding our financial statements for the years ended December 31, 2019 and 2018 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except that such audit report did include an explanatory paragraph regarding substantial doubt about our ability to continue as a going concern.

 

During the years ended December 31, 2019 and 2018 and during the interim period from the end of the most recently completed year through (date of resignation), the date of resignation, there were no disagreements with Hall on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Hall, would have caused Hall to make reference to such disagreement in its report.

 

 
37

Table of Contents

   

ITEM 9A - CONTROLS AND PROCEDURES

 

(a) Evaluation of Disclosure Controls and Procedures

 

We carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer (our Principal Accounting Officer), of the effectiveness of our disclosure controls and procedures (as defined) in Exchange Act Rules 13a – 15(c) and 15d – 15(e)). Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer, who are our principal executive officer and principal financial officers, respectively, concluded that, as of the end of the period ended December 31, 2020, our disclosure controls and procedures were not effective (1) to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms and (2) to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to us, including our chief executive and chief financial officers, as appropriate to allow timely decisions regarding required disclosure.

 

Our Chief Executive Officer and Chief Financial Officer (our Principal Accounting Officer) do not expect that our disclosure controls or internal controls will prevent all error and all fraud. No matter how well conceived and operated, our disclosure controls and procedures can provide only a reasonable level of assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of a simple error or mistake. Additionally, controls can be circumvented if there exists in an individual a desire to do so. There can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

 

Furthermore, smaller reporting companies face additional limitations. Smaller reporting companies employ fewer individuals and find it difficult to properly segregate duties. Often, one or two individuals control every aspect of the company's operation and are in a position to override any system of internal control. Additionally, smaller reporting companies tend to utilize general accounting software packages that lack a rigorous set of software controls.

 

(b) Management’s Annual Report on Internal Control Over Financial Reporting

 

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rules 13a-15(f) and 15d-15(f) promulgated under the Exchange Act, as amended, as a process designed by, or under the supervision of, our Chief Executive Officer and Chief Financial Officer (our Principal Financial Officer), and effected by our board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles in the United States and includes those policies and procedures that:

 

Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect our transactions and any disposition of our assets;

 

 

Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and

 

Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

 

 
38

Table of Contents

 

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. Our management assessed the effectiveness of our internal control over financial reporting as of December 31, 2020. In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework. Based on this assessment, Management has identified the following three material weaknesses that have caused management to conclude that, as of December 31, 2020, our disclosure controls and procedures, and our internal control over financial reporting, were not effective at the reasonable assurance level:

 

1. We do not have sufficient segregation of duties within accounting functions, which is a basic internal control. Due to our size and nature, segregation of all conflicting duties may not always be possible and may not be economically feasible. However, to the extent possible, the initiation of transactions, the custody of assets and the recording of transactions should be performed by separate individuals. Management evaluated the impact of our failure to have segregation of duties on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.

 

2. We have not documented our internal controls. We have limited policies and procedures that cover the recording and reporting of financial transactions and accounting provisions. As a result, we may be delayed in our ability to calculate certain accounting provisions. While we believe these provisions are accounted for correctly in the attached audited financial statements, our lack of internal controls could lead to a delay in our reporting obligations. We were required to provide written documentation of key internal controls over financial reporting beginning with our fiscal year ending December 31, 2009. Management evaluated the impact of our failure to have written documentation of our internal controls and procedures on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.

 

3. Effective controls over the control environment were not maintained. Specifically, a formally adopted written code of business conduct and ethics that governs our employees, officers, and directors was not in place. Additionally, management has not developed and effectively communicated to our employees its accounting policies and procedures. This has resulted in inconsistent practices. Further, our Board of Directors does not currently have any director that qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.

 

To address these material weaknesses, management performed additional analyses and other procedures to ensure that the financial statements included herein fairly present, in all material respects, our financial position, results of operations and cash flows for the periods presented. Accordingly, we believe that the consolidated financial statements included in this report fairly present, in all material respects, our financial condition, results of operations and cash flows for the periods presented.

  

(c) Remediation of Material Weaknesses

 

In order to remediate the material weakness in our documentation, evaluation and testing of internal controls, we hope to hire additional qualified and experienced personnel to assist us in remedying these material weaknesses.

 

(d) Changes in Internal Control over Financial Reporting

 

There have been no changes in our internal controls over financial reporting during the quarter ended December 31, 2020 that have materially affected, or are reasonably likely to materially affect, such internal control over financial reporting.

 

ITEM 9B – OTHER INFORMATION

 

None.

 

 
39

Table of Contents

  

PART III

 

ITEM 10 – DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

 

Directors and Executive Officers

 

The following table sets forth the names and ages of our directors, director nominees, and executive officers as of March 26, 2021, the principal offices and positions with the Company held by each person and the date such person became a director or executive officer of the Company. The executive officers of the Company are elected annually by the Board of Directors. The directors serve one-year terms until their successors are elected. The executive officers serve terms of one year or until their death, resignation, or removal by the Board of Directors. Unless described below, there are no family relationships among any of the directors and officers.

 

 

Name

 

Age

 

Position(s)

Kevin Moore

 

60

 

Chief Executive Officer and Director

 

 

 

 

 

David Gandini

 

63

 

Chief Financial Officer, Chief Revenue Officer, Secretary, Chairman of the Board, and Director

 

 

 

 

 

Charles Bennington

 

76

 

Director

 

 

 

 

 

Ford Fay

 

60

 

Director

 

 

 

 

 

J. Steven Beabout

 

67

 

Director

 

Kevin Moore has served as our Chief Executive Officer since October 2019 and on our Board of Directors since November 2019. Prior to his appointment as our Chief Executive Officer, Mr. Moore has been a private investor. From 2017 to 2019, Mr. Moore was the President of Moore Holdings, Inc. and Managing Member of Vans Silver Peaks, LLC. From 2014 to 2017, Mr. Moore was the Managing Member of Vans Equipment Denver LLC, Managing Member of Vans Equipment South LLC, Managing Member of Vans Silver Peaks LLC, and President of Moore Holdings, Inc. The Vans equipment companies are heavy equipment sale and rental companies, which initially started as a "greenfield" project during the Great Recession and grew to a very successful multi-location business serving the Colorado region. Prior to 2014, Mr. Moore was the President of Moore Holdings, Inc. and Managing Member of Vans Silver Peaks, LLC. Prior to joining Van’s Equipment Company, Mr. Moore was the Chief Executive Officer and owner of Summit Quality, an international quality management and sales organization that secured over $50 million per year in revenue for its clients. Prior to that endeavor, Mr. Moore was the Chief Executive Officer and owner of Automotive Testing Technologies. While in this position, he led a team that quadrupled testing revenue in four years, and then successfully sold the business to a competitor. Mr. Moore is currently an active business and real estate investor through Moore Holdings Incorporated.

 

Mr. Moore serves on the Board of Directors for SOBRSafe, Four Seasons Golf, RDM Holdings and the Shining Stars Foundation. He also participates in the University of Colorado MBA mentorship program and established the Shining Stars Young Adult mentorship program that supports young adults’ social and professional aspirations in a positive manner.

 

 
40

Table of Contents

 

We have an Employment Agreement with Mr. Moore. Under the terms of his Employment Agreement, Mr. Moore will serve as our Chief Executive Officer until October 24, 2022, unless he is terminated pursuant to the termination provisions set forth in his agreement. Under the terms of his Employment Agreement, Mr. Moore performed services for us that are customary and usual for a chief executive officer of a company for October 2019, November 2019 and December 2019, in exchange for: (i) 24,053 shares of our common stock per month, (ii) thereafter, an annual base salary of $213,000, (iii) sales bonuses based on the Company’s sales, and (iv) an incentive stock options under our 2019 Equity Compensation Plan to acquire 1,058,329 shares of our common stock, at an exercise price of $0.2634, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 29,398 shares during the three-year term of the Moore Agreement. The stock options have a ten year term.

 

David Gandini has served as our Chief Revenue Officer since October 2019 and our Chief Financial Officer since June 5, 2020, and on our Board of Directors since November 2019. Mr. Gandini has been consulting regarding our business development since December 2018. Since September 2018, Mr. Gandini has also been a managing partner with First Capital Advisory Services, where he is responsible for capital creation, new business acquisition, business strategy and development, and partnership revenue generation. From 2014 to August 2017, Mr. Gandini was President of Alchemy Plastics, Inc., Englewood Colorado where he was responsible for US manufacturing, sales, and strategic partnerships. From 2001 until 2014, when the company was acquired, Mr. Gandini served as the President of IPS Denver, a bank card personalization and packaging entity where he managed the company and market transformations to become a leader in the U.S. secured gift market space with revenues of $46M. Prior to his engagement at IPS, Mr. Gandini was the Chief Operations Officer at First World Communications, a major U.S. Internet and Data Center provider, and participated in its successful IPO in 2000 raising over $200M. Previously, Mr. Gandini founded Pace Network Services providing carrier SS7 signaling to U.S. long distance providers and facilitated a successful exit to ICG Communications on the heels of co-founding Detroit based Digital Signal in the fiber optic long haul market sector where me managed a successful exit to SP Telecom.

 

Mr. Gandini graduated from Michigan State University with a degree in Telecommunications. He was a scholarship NCAA Division Hockey athlete, a member of the US Junior National Team, and a US Junior All American.

 

We have an Employment Agreement with Mr. Gandini. Under the terms of his Employment Agreement, Mr. Gandini will serve as our Chief Revenue Officer until October 24, 2022, unless he is terminated pursuant to the termination provisions set forth in his agreement. Under the terms of his Employment Agreement, Mr. Gandini will perform services for us that are customary and usual for a chief revenue officer of a company, in exchange for: (i) an annual base salary of $185,000, (ii) sales bonuses based on the Company’s sales, (iii) an incentive stock options under our 2019 Equity Compensation Plan to acquire 721,588 shares of our common stock, at an exercise price of $0.2634, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 20,045 shares during the three-year term of the Gandini Agreement, and (iv) an aggregate of 240,530 additional option shares (the “Pre-Vesting Option Shares”) shall vest as follows: 200,439 Pre-Vesting Option Shares representing the monthly vesting option shares for the ten months ended October 31, 2019, shall vest on November 1, 2019; and (ii) the remaining 40,091 Pre-Vesting Option Shares representing the monthly vesting option shares for the two months ended December 31, 2019 shall vest on January 1, 2020. The stock options have a ten year term.

 

 
41

Table of Contents

 

Charles Bennington has been a director since April 2005 and our President since April 2017. He was previously our Chief Executive Officer and Secretary from January 2018 to October 2019. Mr. Bennington was our President and Principal Executive and our Financial and Accounting Officer from December 2006 to September 2016 and our Secretary from July 2013 to September 2016. Between May 2005 and December 2006, Mr. Bennington was our Chief Operating Officer. Mr. Bennington holds a Degree in Finance and Banking from the University of Miami, Ohio. Mr. Bennington’s over 35 years of experience from positions held in senior executive management and/or as a member of the Board of Directors, combined with the fact he was TBT’s President at the time we acquired TBT and had experience with managing TBT’s development of the SOBR™ device, led us to believe Mr. Bennington is an ideal director for our company considering where we are in our development, as well as our dependence on successfully implementing a strategy to further develop the SOBR™ device and attempt to sell it in various marketplaces.

 

Ford B. Fay has served as a member of our Board of Directors since June 2020. Mr. Fay is currently the Director at Crown Castle International Corp., a large fiber-based telecommunications company. In this position Mr. Fay manages all aspects of Network Access Life Cycle for the company. He has held this position since 2020. From 2017 to 2020, Mr. Fay was a principal with Eagle Bay Advisors, LLC, a telecommunications consulting firm. In this position, Mr. Fay assisted clients with cost and efficiency improvements in Access Management across the life cycle spectrum of Access. From 2015 to 2017, Mr. Fay was the Vice President, Access Management for Zayo Communications. In this position Mr. Fay created and managed most aspects of offnet costs, such as, vendor selection, contracting, procurement, quoting, operationalization, vendor management, offnet ordering, offnet grooming and optimization. In this position, Mr. Fay also planned and executed the network integrations of the $1.4B acquisition of Electric Lightwave and the $350M acquisition of Canadian-based Allstream. Mr. Fay received his Bachelor of Science in Operations Research & Industrial Engineering from Cornell University, and his Master of Business Administration from University of Rochester, Simon School of Business.

 

J. Steven Beabout has served as a member of our Board of Directors since August 2020. Since 2018, Mr. Beabout has been consulting with various startup companies and involved in real estate investing. From 2016-2018, Mr. Beabout was General Counsel of Tectonic, LLC, a SaaS company specializing in big data analytics and customer relationship management (CRM). In this position, Mr. Beabout was in charge of Tectonic’s legal department and negotiated deals with large companies like Coca-Cola, Anhueser-Busch and Wyndham Hotels. From 1996 to 2015, Mr. Beabout was General Counsel and a member of the strategic management team (executive vice-president) of Starz, a company listed on NASDAQ that competes with HBO and Netflix. During his time there, Mr. Beabout assisted with other key management personnel to grow the business from a start-up with $100M in losses to a multi-billion dollar public company. As part of strategic management team, Mr. Beabout was involved in the company’s strategic business decisions and as General Counsel he was responsible for all legal aspects of business, including, but not limited to, negotiation of billion dollar plus contacts with major studios (Universal, Disney and Sony), and distributors (Comcast, Time- Warner, DIRECTV, DISH Networks, Netflix, etc.), human resources and related matters, general corporate matters, post-IPO public board matters, and reviewing filings with the Securities and Exchange Commission.

 

Term of Office

  

Our directors hold office until the next annual meeting or until their successors have been elected and qualified, or until they resign or are removed. Our Board of Directors appoints our officers, and our officers hold office until their successors are chosen and qualify, or until their resignation or their removal.

 

 
42

Table of Contents

  

Family Relationships

  

There are no family relationships among our directors or officers.

  

Involvement in Certain Legal Proceedings

  

Our directors and executive officers have not been involved in any of the following events during the past ten years:

 

 

1.

Other than the involuntary bankruptcy proceeding mentioned herein, no bankruptcy petition has been filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;

 

 

 

 

2.

any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);

 

 

 

 

3.

being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities;

 

 

 

 

4.

being found by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated;

 

 

 

 

5.

being the subject of, or a party to, any federal or state judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of: (i) any federal or state securities or commodities law or regulation; or (ii) any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order; or (iii) any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

 

 

6.

being the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Securities Exchange Act of 1934), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

 

Committees

  

Our Board of Directors held two meeting during the year ended December 31, 2020, which occurred on August 24, 2020 and November 18, 2020. All other proceedings of the Board of Directors for the year ended December 31, 2020 were conducted by resolutions consented to in writing by the Board of Directors and filed with the minutes of the proceedings of our Board of Directors. Our Board of Directors has a separately designated compensation committee, consisting of Steven Beabout, Ford Fay and Charles Bennington. Our Board of Directors does not have nominating or audit committees or committees performing similar functions. We also do not have a written nominating, compensation or audit committee charter. Our Board of Directors does not believe that it is necessary to have nominating or audit committees because it believes that the functions of such committees can be adequately performed by the Board of Directors.

 

 
43

Table of Contents

  

We do not have any defined policy or procedural requirements for shareholders to submit recommendations or nominations for directors. The Board of Directors believes that, given the stage of our development, a specific nominating policy would be premature and of little assistance until our business operations develop to a more advanced level. Our company does not currently have any specific or minimum criteria for the election of nominees to the Board of Directors and we do not have any specific process or procedure for evaluating such nominees. The Board of Directors will assess all candidates, whether submitted by management or shareholders, and make recommendations for election or appointment.

  

A shareholder who wishes to communicate with our Board of Directors may do so by directing a written request addressed to our president at the address appearing on the first page of this Offering Memorandum.

  

Audit Committee Financial Expert

  

Our Board of Directors has determined that it does not have an audit committee member that qualifies as an “audit committee financial expert” as defined in Item 407(d)(5)(ii) of Regulation S-K. We believe that the audit committee members are collectively capable of analyzing and evaluating our financial statements and understanding internal controls and procedures for financial reporting. In addition, we believe that retaining an independent director who would qualify as an “audit committee financial expert” would be overly costly and burdensome and is not warranted in our circumstances given the early stages of our development and the fact that we have not generated revenues to date.

  

Nomination Procedures For Appointment of Directors

  

As of December 31, 2020, we did not effect any material changes to the procedures by which our stockholders may recommend nominees to our Board of Directors.

  

Code of Ethics

  

We do not have a code of ethics.

  

Section 16(a) Beneficial Ownership                                                    

 

Section 16(a) of the Securities Exchange Act of 1934 requires the Company’s directors and executive officers and persons who own more than ten percent of a registered class of the Company’s equity securities to file with the SEC initial reports of ownership and reports of changes in ownership of common stock and other equity securities of the Company. Officers, directors and greater than ten percent shareholders are required by SEC regulations to furnish the Company with copies of all Section 16(a) forms they file.

 

 
44

Table of Contents

 

During the most recent fiscal year, to the Company’s knowledge, the following delinquencies occurred:

 

Name

 

No. of Late

Reports

 

 

No. of Transactions Reported Late

 

 

No. of

Failures to File

 

Charles Bennington

 

 

1

 

 

 

1

 

 

 

0

 

Kevin Moore

 

 

1

 

 

 

1

 

 

 

0

 

David Gandini

 

 

1

 

 

 

1

 

 

 

0

 

Ford Fay

 

 

1

 

 

 

1

 

 

 

0

 

Steven Beabout

 

 

1

 

 

 

1

 

 

 

0

 

 

ITEM 11 ‑ EXECUTIVE COMPENSATION

  

The particulars of compensation paid to the following persons:

 

 

(a)

all individuals serving as our principal executive officer during the year ended December 31, 2020;

 

 

 

 

(b)

each of our two most highly compensated executive officers other than our principal executive officer who were serving as executive officers at December 31, 2020 who had total compensation exceeding $100,000; and

 

 

 

 

(c)

up to two additional individuals for whom disclosure would have been provided under (b) but for the fact that the individual was not serving as our executive officer at December 31, 2020, who we will collectively refer to as the named executive officers, for the years ended December 31, 2020 and 2019, are set out in the following summary compensation table:

    

 
45

Table of Contents

 

Executive Officers and Directors

 

The following tables set forth certain information about compensation paid, earned or accrued for services by (i) the Company’s Chief Executive Officer and (ii) all other executive officers who earned in excess of $100,000 in the years ended December 31, 2020 and 2019 (“Named Executive Officers”):

 

 SUMMARY COMPENSATION TABLE


Name and Principal Position

 


Year

 


Salary 
($)(1)

 

 


Bonus 
($)

 


Stock 
Awards 
($)

 


Option 
Awards 
($)(9)

 

 


Non-Equity 
Incentive 
Plan 
Compensa- tion 
($)

 

Change in 
Pension 
Value and 
Nonqualified 
Deferred 
Compensation Earnings 
($)

 


All 
Other 
Compensa 
-tion 
($)

 

 


Total 
($)

 

Kevin Moore, CEO (2)

 

2020

 

 

213,000

 

 

-0-

 

-0-

 

-0-

 

 

-0-

 

-0-

 

-0-

 

 

 

213,000

 

 

 

2019

 

 

39,508

 

 

-0-

 

-0-

 

 

240,779

 

 

-0-

 

-0-

 

-0-

 

 

 

280,287

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

David Gandini, CFO, CRO and Secretary (3)

 

2020

 

 

185,000

 

 

-0-

 

-0-

 

-0-

 

 

-0-

 

-0-

 

-0-

 

 

 

185,000

 

 

 

2019

 

 

29,417

 

 

-0-

 

-0-

 

 

215,018

 

 

-0-

 

-0-

 

-0-

 

 

 

244,435

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Charles Bennington, Former Chief Executive

 

2020

 

 

50,000 (5)

 

-0-

 

-0-

 

-0-

 

 

-0-

 

-0-

 

-0-

 

 

 50,000

 

Officer, CFO, and Secretary (4)

 

 2019

 

-0-

 

 

-0-

 

-0-

 

 

4,163

 

 

-0-

 

-0-

 

 

60,000 (6)

 

 

64,163

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nick Noceti, Former CFO (7)

 

2020

 

 

16,500

(8)

 

-0-

 

-0-

 

-0-

 

 

-0-

 

-0-

 

 

16,500 (8)

 

 

16,500 (8)

 

 

2019

 

-0-

 

 

-0-

 

-0-

 

 

4,163

 

 

-0-

 

-0-

 

 

66,000 (8)

 

 

66,000 (8)

__________ 

(1)

Includes amounts paid and/or accrued.

(2)

Mr. Moore was appointed as our Chief Executive Officer on October 25, 2019.

(3)

Mr. Gandini was appointed as our Chief Revenue Officer on October 25, 2019.

(4)

Mr. Bennington resigned as our Chief Executive Officer on October 25, 2019 and resigned as our President and Secretary on June 5, 2020.

(5)

Includes amounts paid to Mr. Bennington as compensation for serving on our Board of Directors and as a consultant.

(6)

Amounts accrued for Mr. Bennington’s role on the Board of Directors

(7)

Nick Noceti was appointed to the role of CFO in 2018 and resigned effective June 5, 2020.

(8)

Includes amounts paid for accounting services.

(9)

Includes value of all granted options based on exercise price of options.

 

 
46

Table of Contents

  

Employment Contracts

 

On October 25, 2019, we entered into an Employment Agreement with Mr. Kevin Moore to serve as our Chief Executive Officer (the “Moore Agreement”). Under the terms of the Moore Agreement, Mr. Moore will serve as our Chief Executive Officer until October 24, 2022, unless either (i) the transaction that is the subject of that certain Asset Purchase Agreement with IDTEC, LLC, a Colorado limited liability company (the “IDTEC Transaction”), has not closed by January 31, 2020, in which case Mr. Moore’s employment will terminate immediately, or (ii) he is terminated pursuant to the other termination provisions set forth in the Moore Agreement. Under the terms of the Moore Agreement, Mr. Moore performs services for us that are customary and usual for a chief executive officer of a company, in exchange for: (i) 24,053 shares of our common stock per month until the IDTEC Transaction closes, (ii) thereafter, an annual base salary of $213,000, (iii) sales bonuses based on the Company’s sales, and (iv) an incentive stock options under our 2019 Equity Compensation Plan to acquire 1,058,329 shares of our common stock, at an exercise price of $0.2634, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 29,398 shares during the three-year term of the Moore Agreement. The stock options have a ten year term. We will be issuing Mr. Moore a stock option agreement for the options he was issued under the Moore Agreement.

 

On October 25, 2019, we entered into an Employment Agreement with Mr. David Gandini to serve as our Chief Revenue Officer (the “Gandini Agreement”). Under the terms of the Gandini Agreement, Mr. Gandini will serve as our Chief Revenue Officer until October 24, 2022, unless either (i) the transaction that is the subject of that certain Asset Purchase Agreement with IDTEC, LLC, a Colorado limited liability company (the “IDTEC Transaction”), has not closed by January 31, 2020, in which case Mr. Gandini’s employment will terminate immediately, or (ii) he is terminated pursuant to the other termination provisions set forth in the Gandini Agreement. Under the terms of the Gandini Agreement, Mr. Gandini will perform services for us that are customary and usual for a chief revenue officer of a company, in exchange for: (i) an annual base salary of $185,000, (ii) sales bonuses based on the Company’s sales, (iii) an incentive stock options under our 2019 Equity Compensation Plan to acquire 721,588 shares of our common stock, at an exercise price of $0.2634, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 20,045 shares during the three-year term of the Gandini Agreement, and (iv) an aggregate of 240,530 additional option shares (the “Pre-Vesting Option Shares”) shall vest as follows: 200,439 Pre-Vesting Option Shares representing the monthly vesting option shares for the ten months ended October 31, 2019, shall vest on November 1, 2019; and (ii) the remaining 40,091 Pre-Vesting Option Shares representing the monthly vesting option shares for the two months ended December 31, 2019 shall vest on January 1, 2020. The stock options have a ten year term. We will be issuing Mr. Gandini a stock option agreement for the options he was issued under the Gandini Agreement.

 

The foregoing description of the key terms of the above-agreements is qualified in its entirety by the full text of the related documents, which are filed as Exhibit 10.8 – 10.10 to this Annual Report.

 

 
47

Table of Contents

  

Director Compensation

 

The following table sets forth director compensation for 2020:

 

Name

 

Fees Earned or Paid in Cash

($)

 

 

Stock Awards

($)

 

Option Awards

($)

 

Non-Equity Incentive Plan Compensation

($)

 

Nonqualified Deferred Compensation Earnings

($)

 

All Other Compensation

($)

 

Total

($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Charles Bennington

 

 

50,000

(1)

 

-0-

 

-0-

 

-0-

 

-0-

 

-0-

 

 

50,000

(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

David Gandini

 

-0-

 

 

-0-

 

-0-

 

-0-

 

-0-

 

-0-

 

-0-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kevin Moore

 

-0-

 

 

-0-

 

-0-

 

-0-

 

-0-

 

-0-

 

-0-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ford Fay

 

-0-

 

 

-0-

 

-0-

 

-0-

 

-0-

 

-0-

 

-0-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Steven Beabout

 

-0-

 

 

-0-

(2)

-0-

 

-0-

 

-0-

 

-0-

 

-0-

(2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gary Graham (3)

 

-0-

 

 

-0-

 

-0-

 

-0-

 

-0-

 

-0-

 

-0-

 

 

(1)

Includes amounts paid to Mr. Bennington as compensation for serving on our Board of Directors and as a consultant and is the same $50,000 listed in the Summary Compensation Table above.

(2)

Does not include 90,000 restricted stock units issued to Mr. Beabout for his services as Chairman of the Compensation Committee of our Board of Directors since those restricted stock units have not vested.

(3)

Mr. Graham resigned from our Board of Directors effective August 6, 2020.

  

We have no formal plan for compensating our directors for their service in their capacity as directors, although such directors may receive restricted stock units or stock options to purchase common shares as awarded by our Board of Directors or (as to future stock options) a compensation committee which may be established. Directors are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection with attendance at meetings of our Board of Directors. Our Board of Directors may award special remuneration to any director undertaking any special services on our behalf other than services ordinarily required of a director.

 

 
48

Table of Contents

 

Outstanding Equity Awards

 

The following table sets forth certain information concerning outstanding stock awards held by the Named Executive Officers on December 31, 2020:

 

 

 

Option Awards

 

 

Stock Awards

 

Name

 

Number of Securities Underlying Unexercised Options

(#)

Exercisable

 

 

Number of Securities Underlying Unexercised Options

(#)

Unexercisable

 

 

Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options

(#)

 

 

Option Exercise Price

($)

 

 

Option Expiration Date

 

 

Number of Shares or Units of Stock That Have Not Vested

(#)

 

 

Market Value of Shares or Units of Stock That Have Not Vested

($)

 

 

Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested

(#)

 

 

Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested

($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Charles Bennington (1)

 

 

24,053

 

 

 

0

 

 

 

0

 

 

$ 0.2635

 

 

March 31, 2025 (1)

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kevin Moore (2)

 

 

411,572

 

 

 

0

 

 

 

646,757

 

 

$ 0.2635

 

 

December 22, 2029 (2)

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

David Gandini (3)

 

 

521,146

 

 

 

0

 

 

 

439,970

 

 

$ 0.2635

 

 

November 1, 2029 (3)

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ford Fay

 

 

25,000

 

 

 

0

 

 

 

0

 

 

$ 0.2635

 

 

March 31, 2025 (4)

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Steven Beabout

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

N/A

 

 

 

0

 

 

 

0

 

 

 

165,000

 

 

 

477,300

(5)

 

(1)

Under the terms of Mr. Bennington’s stock option grant, the options expire five (5) years from the date of vesting. His options vest in equal installments quarterly over two year commencing with the January 1, 2020 quarter. As a result, the first 100,000 options vested on March 31, 2020 and will expire on March 31, 2025.

(2)

Under the terms of Mr. Moore’s stock option grant, the options expire ten (10) years from the date of vesting. His options vest in equal installments monthly over a three year period. As a result, the first 977,777 monthly options vested on December 22, 2019 and expire on December 22, 2029.

(3)

Under the terms of Mr. Gandini’s stock option grant, the options expire ten (10) years from the date of vesting. Mr. Gandini had 190,419 options vest on November 1, 2019. As a result, those initial options expire on November 1, 2029.

(4)

Under the terms of Mr. Fay’s stock option grant, the options expire five (5) years from the date of vesting. His options vest in equal installments quarterly over one year commencing with the January 1, 2020 quarter. As a result, the first 6,250 options vest on March 31, 2020 and will expire on March 31, 2025.

(5)

Market price based on grant date but the restricted stock units do not vest until the earlier of (i) the expiration of any lock-up period that includes any of our securities owned by the Advisor after the uplift of the Corporation to a national exchange (NASDAQ, NYSE, etc.) or (ii) January 1, 2023.

 

 
49

Table of Contents

  

Aggregated Option Exercises

 

No option exercises during the year ended December 31, 2020.

 

Long-Term Incentive Plan

 

Currently, our company does not have a long-term incentive plan in favor of any director, officer, consultant or employee of our company.

 

Certain Relationships and Related Transactions, and Director Independence

 

We have not entered into or been a participant in any transaction in which a related person had or will have a direct or indirect material interest in an amount that exceeds the lesser of $120,000 or 1% of the average of the Company’s total assets for the last three completed fiscal years.

 

We do not have a written policy concerning the review, approval, or ratification of transactions with related persons.

 

We do not have an audit, compensation, or nominating committee.

 

Currently, none of our directors are considered independent. Because our common stock is not currently listed on a national securities exchange, we have used the definition of “independence” of The NASDAQ Stock Market to make this determination. NASDAQ Listing Rule 5605(a)(2) provides that an “independent director” is a person other than an officer or employee of the company or any other individual having a relationship that, in the opinion of the company’s Board of Directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. The NASDAQ listing rules provide that a director cannot be considered independent if:

 

 

·

the director is, or at any time during the past three years was, an employee of the company;

 

 

 

 

·

the director or a family member of the director accepted any compensation from the company in excess of $120,000 during any period of 12 consecutive months within the three years preceding the independence determination (subject to certain exclusions, including, among other things, compensation for board or board committee service);

 

 

 

 

·

a family member of the director is, or at any time during the past three years was, an executive officer of the company;

 

 

 

 

·

the director or a family member of the director is a partner in, controlling stockholder of, or an executive officer of an entity to which the company made, or from which the company received, payments in the current or any of the past three fiscal years that exceed 5% of the recipient’s consolidated gross revenue for that year or $200,000, whichever is greater (subject to certain exclusions);

 

 

 

 

·

the director or a family member of the director is employed as an executive officer of an entity where, at any time during the past three years, any of the executive officers of the company served on the compensation committee of such other entity; or

 

 

 

 

·

the director or a family member of the director is a current partner of the company’s outside auditor, or at any time during the past three years was a partner or employee of the company’s outside auditor, and who worked on the company’s audit.

  

None of our directors are considered independent because they each serve as an executive officer of the Company, or recently served as an executive officer of the company, or own more than 10% of our outstanding voting securities.

 

 
50

Table of Contents

 

ITEM 12 ‑ SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

 

The following table sets forth, as of March 26, 2021, certain information with respect to our equity securities owned of record or beneficially by (i) each Officer and Director of the Company; (ii) each person who owns beneficially more than 5% of each class of the Company’s outstanding equity securities; and (iii) all Directors and Executive Officers as a group.

 

Title of Class

 

Name and Address

of Beneficial Owner (2)

 

Nature of

Beneficial Ownership

 

Amount

 

 

Percent

of Class (1)

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

Kevin Moore (3)

 

CEO and Director

 

 

571,925 (4)

 

 

2.2 %

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

David Gandini (3)

 

CFO, Chief Revenue Officer, Secretary and Director

 

 

1,581,278 (5)

 

 

6.0 %

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

Charles Bennington (3)

 

Director

 

 

482,011 (6)

 

 

1.9 %

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

Ford Fay (3)

 

Director

 

 

25,000 (7)

 

 

1 %

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

Steven Beabout (3)

 

Director

 

 

25,482 (8)

 

 

1 %

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

Gary Graham

6400 S. Fiddlers Green

Circle, Suite 525

Greenwood Village, CO

80111

 

5% Holder

 

 

11,322,575 (9)

 

 

43.6 %

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

Michael A. Lanphere

400 N. Tustin Ave.,

Suite 225

Santa Ana, CA 92705

 

5% Holder

 

 

2,883,306

 

 

 

11.1 %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

All Officers and Directors as a Group (5 persons)

 

 

 

 

2,685,696 (10)

 

 

9.9 %

___________ 

(1)

Unless otherwise indicated, based on 25,965,203 shares of Common Stock issued and outstanding. Shares of Common Stock subject to options or warrants currently exercisable, or exercisable within 60 days, are deemed outstanding for purposes of computing the percentage of the person holding such options or warrants, but are not deemed outstanding for the purposes of computing the percentage of any other person.

 

 

(2)

Unless indicated otherwise, the address of the shareholder is 885 Arapahoe Road, Boulder, Colorado 80302.

 

 

(3)

Indicates one of our officers or directors.

 

 

(4)

Includes vested stock options to acquire 499,766shares of our Common Stock at an exercise price of $0.2634 per share.

 

 

(5)

Includes vested stock options to acquire 581,278 shares of our Common Stock at an exercise price of $0.2634 per share.

 

 

(6)

Includes vested stock options to acquire 24,053 shares of our Common Stock at an exercise price of $0.2635 per share, which have a 5-year term.

 

 

(7)

Includes vested stock options to acquire 25,000 shares of our Common Stock at an exercise price of $0.2635 per share, which have a 5-year term.

 

 

(8)

Mr. Beabout also has interests in IDTEC, LLC and SOBR Safe, LLC, both of which own shares of our common stock. Mr. Beabout does not have a controlling interest in either entity so the stock owned by those entities is not reflected in his ownership. Does not include 165,000 restricted stock units owned by Mr. Beabout since those restricted stock units have not vested.

 

 

(9)

Includes vested stock options to acquire 9,021 shares of our Common Stock at an exercise price of $0.2634 per share. Includes shares owned in the name of IDTEC, LLC and SOBR Safe, LLC, both of which are controlled by a limited liability company that is controlled by Mr. Graham. IDTEC, LLC and SOBR Safe, LLC, invested in over $4.2M in exchange for the securities issued to those entities.

 

 

(10)

Includes an aggregate of 1,130,097 vested options to purchase our Common Stock that are owned by our officers and directors, which amount is also added to our outstanding Common Stock for the percentage calculation.

   

 
51

Table of Contents

 

The issuer is not aware of any person who owns of record, or is known to own beneficially, five percent or more of the outstanding securities of any class of the issuer, other than as set forth above. The issuer is not aware of any person who controls the issuer as specified in Section 2(a)(9) of the Investment Company Act of 1940. There are no classes of stock other than Common Stock. The Company does not have an investment advisor.

 

ITEM 13 ‑ CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

 

Employment Contracts

 

On October 25, 2019, we entered into an Employment Agreement with Mr. Kevin Moore to serve as our Chief Executive Officer (the “Moore Agreement”). Under the terms of the Moore Agreement, Mr. Moore will serve as our Chief Executive Officer until October 24, 2022, unless either (i) the transaction that is the subject of that certain Asset Purchase Agreement with IDTEC, LLC, a Colorado limited liability company (the “IDTEC Transaction”), has not closed by January 31, 2020, in which case Mr. Moore’s employment will terminate immediately, or (ii) he is terminated pursuant to the other termination provisions set forth in the Moore Agreement. Under the terms of the Moore Agreement, Mr. Moore performs services for us that are customary and usual for a chief executive officer of a company, in exchange for: (i) 24,053 shares of our common stock per month until the IDTEC Transaction closes, (ii) thereafter, an annual base salary of $213,000, (iii) sales bonuses based on the Company’s sales, and (iv) an incentive stock options under our 2019 Equity Compensation Plan to acquire 1,058,329 shares of our common stock, at an exercise price of $0.2634, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 29,398 shares during the three-year term of the Moore Agreement. The stock options have a ten year term. We will be issuing Mr. Moore a stock option agreement for the options he was issued under the Moore Agreement.

 

On October 25, 2019, we entered into an Employment Agreement with Mr. David Gandini to serve as our Chief Revenue Officer (the “Gandini Agreement”). Under the terms of the Gandini Agreement, Mr. Gandini will serve as our Chief Revenue Officer until October 24, 2022, unless either (i) the transaction that is the subject of that certain Asset Purchase Agreement with IDTEC, LLC, a Colorado limited liability company (the “IDTEC Transaction”), has not closed by January 31, 2020, in which case Mr. Gandini’s employment will terminate immediately, or (ii) he is terminated pursuant to the other termination provisions set forth in the Gandini Agreement. Under the terms of the Gandini Agreement, Mr. Gandini will perform services for us that are customary and usual for a chief revenue officer of a company, in exchange for: (i) an annual base salary of $185,000, (ii) sales bonuses based on the Company’s sales, (iii) an incentive stock options under our 2019 Equity Compensation Plan to acquire 721,588 shares of our common stock, at an exercise price of $0.2634, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 20,045 shares during the three-year term of the Gandini Agreement, and (iv) an aggregate of 240,530 additional option shares (the “Pre-Vesting Option Shares”) shall vest as follows: 200,439 Pre-Vesting Option Shares representing the monthly vesting option shares for the ten months ended October 31, 2019, shall vest on November 1, 2019; and (ii) the remaining 40,091 Pre-Vesting Option Shares representing the monthly vesting option shares for the two months ended December 31, 2019 shall vest on January 1, 2020. The stock options have a ten year term. We will be issuing Mr. Gandini a stock option agreement for the options he was issued under the Gandini Agreement.

 

 
52

Table of Contents

 

Other Agreements

 

In October 2020, we entered into an Advisory Agreement with Steven Beabout, a member of our Board of Directors, under which he agreed to provide us with strategic legal advice in relation to certain business and legal matters for a period of sixteen (16) months. In exchange for his services, we agreed to issue him 75,000 restricted stock units. The restricted stock units were issued under our 2019 Equity Plan and vest upon the earlier of (i) the expiration of any lock-up period that includes any of our securities owned by the Advisor after the uplift of the Corporation to a national exchange (NASDAQ, NYSE, etc.) or (ii) January 1, 2023.

 

On April 6, 2020, we issued 38,437 shares of our common stock to Nick Noceti, our former Chief Financial Officer, in exchange for amounts due to him for accounting fees included in accounts payable. The amount of the debt reduction, and therefore the purchase price of the shares, was $127,840. The issuance of the shares was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, due to the fact the investor was known to our management team, is a sophisticated investor and familiar with our operations.

 

On April 7, 2020, we issued 6,831 shares of our common stock to Charles Bennington, one of the Company’s directors and a former executive officer, in exchange for amounts due for Board of Director fees included in accounts payable. The amount of the debt reduction, and therefore the purchase price of the shares, was $9,656. The issuance of the shares was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, due to the fact the investor is on our Board of Directors, is a sophisticated investor and familiar with our operations.

 

On or about August 28, 2019, we issued 420,927 shares of our common stock to Charles Bennington, one of our current directors, pursuant to the terms of a Common Stock Purchase Agreement under which Bennington agreed to forgive $595,000 in accrued salary we owed to him in exchange for the shares. The shares were issued with a standard restrictive legend.

 

Corporate Governance

 

As of December 31, 2020, our Board of Directors consisted of Charles Bennington, David Gandini, Kevin Moore, Ford Fay and Steven Beabout. As of December 31, 2020, three of our directors qualified as an “independent director” as the term is used in NASDAQ rule 5605(a)(2), namely Charles Bennington, Ford Fay and Steven Beabout.

 

 
53

Table of Contents

   

ITEM 14 – PRINCIPAL ACCOUNTING FEES AND SERVICES

 

Audit Fees

  

The aggregate fees billed for the two most recently completed fiscal periods ended December 31, 2020 and December 31, 2019 for professional services rendered by Hall & Company for the audit for the years ended December 31, 2020 December 31, 2019, quarterly reviews of our interim consolidated financial statements in 2020 and 2019 and services normally provided by the independent accountant in connection with statutory and regulatory filings or engagements for these fiscal periods were as follows:

 

 

 

Year Ended 
December 31, 
2020

 

 

Year Ended 
December 31, 
2019

 

Audit Fees

 

$ 24,370

 

 

$ 61,620

 

Audit Related Fees

 

$ 23,950

 

 

$ 0

 

Tax Fees

 

$ 0

 

 

$ 0

 

All Other Fees

 

$ 0

 

 

$ 0

 

Total

 

$ 48,320

 

 

$ 61,620

 

 

In the above table, “audit fees” are fees billed by our company’s external auditor for services provided in auditing our company’s annual financial statements for the subject year. “Audit-related fees” are fees not included in audit fees that are billed by the auditor for assurance and related services that are reasonably related to the performance of the audit review of our company’s financial statements. “Tax fees” are fees billed by the auditor for professional services rendered for tax compliance, tax advice and tax planning. “All other fees” are fees billed by the auditor for products and services not included in the foregoing categories.

  

Policy on Pre-Approval by Audit Committee of Services Performed by Independent Auditors

    

The Board of Directors pre-approves all services provided by our independent auditors. All of the above services and fees were reviewed and approved by the Board of Directors before the respective services were rendered.

  

The Board of Directors has considered the nature and amount of fees billed by and Hall & Company and believes that the provision of services for activities unrelated to the audit is compatible with maintaining Hall & Company’s independence.

 

 
54

Table of Contents

 

PART IV

 

ITEM 15 ‑ EXHIBITS, FINANCIAL STATEMENT SCHEDULES

 

(a)(1)Financial Statements

 

For a list of financial statements and supplementary data filed as part of this Annual Report, see the Index to Financial Statements beginning at page F-1 of this Annual Report.

 

(a)(2)Financial Statement Schedules

 

We do not have any financial statement schedules required to be supplied under this Item.

 

(a)(3)Exhibits

 

Refer to (b) below.

 

(b)Exhibits

  

Item No.

 

Description

 

 

 

3.1 (1)

Articles of Incorporation of Imagine Media, Ltd.

 

 

3.2 (2)

Articles of Amendment to Articles of Incorporation to TransBiotec, Inc.

 

 

 

3.3 (3)

 

Certificate of Amendment to Certificate of Incorporation filed with the State of Delaware on May 25, 2017

 

 

 

3.4 (6)

 

Amended and Restated Bylaws of SOBR Safe, Inc.

 

 

 

3.5 (10)

 

Certificate of Amendment to Certificate of Incorporation of TransBiotec, Inc. changing name to SOBR Safe, Inc., effecting 1-for-33.26 reverse stock split and decreasing authorized common stock to 100M shares

 

 

 

10.1 (4)

 

Asset Purchase Agreement dated May 6, 2019 between IDTEC, LLC and TransBiotec, Inc.

 

 

 

10.2 (5)

 

Common Stock Purchase Agreement with Charles Bennington dated August 23, 2019

 

 

 

10.3 (5)

 

Share Exchange Agreement with Michael Lanphere dated August 23, 2019

 

 

 

10.4 (5)

 

Share Exchange Agreement with Vernon Justus dated August 23, 2019

 

 

 

10.5 (5)

 

Debt Conversion and Common Stock Purchase Agreement with Michael Lanphere dated August 23, 2019

 

 

 

10.6 (5)

 

Debt Conversion and Common Stock Purchase Agreement with Devadatt Mishal dated August 23, 2019

 

 

 

10.7 (6)

 

TransBiotec, Inc. 2019 Equity Incentive Plan

 

 

 

10.8 (6)

 

Employment Agreement with Kevin Moore dated October 25, 2019

 

 

 

10.9 (8)

 

Amended Employment Agreement with Kevin Moore dated November 26, 2019

 

 

 

10.10 (6)

 

Employment Agreement with David Gandini dated October 25, 2019

 

 

 

10.11 (7)

 

Series A-1 Preferred Stock Purchase Agreement by and between TransBiotec, Inc. and SOBR SAFE, LLC dated December 12, 2019 (with Series A-1 Preferred Stock Certificate of Designation attached)

 

 

 

10.12 (9)

 

Amendment No. 1 to Asset Purchase Agreement dated March 23, 2020 by and between IDTEC, LLC and TransBiotec, Inc.

 

 

 

10.13 (10)

 

Form of Convertible Promissory Note Issued to IDTEC, LLC at Close of Asset Purchase Transaction

 

 

 

10.14 (10)

 

Waiver Under Asset Purchase Agreement and Post-Closing Covenant Agreement dated June 5, 2020 by and between IDTEC, LLC and TransBiotec, Inc.         

 

 

 

10.15 (10)

 

Warrant to Purchase Common Stock dated June 5, 2020 issued to IDTEC, LLC

 

 

 

10.16*

 

Advisory Agreement with Steven Beabout dated October 9, 2020

 

 

 

31.1*

 

Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer (filed herewith)

 

 

 

31.2*

 

Rule 13a-14(a)/15d-14(a) Certification of Chief Accounting Officer (filed herewith)

 

 

 

32.1*

 

Section 1350 Certification of Chief Executive Officer (filed herewith).

 

 

 

32.2*

 

Section 1350 Certification of Chief Accounting Officer (filed herewith).

 

 

 

101.INS **

 

XBRL Instance Document

 

 

101.SCH **

 

XBRL Taxonomy Extension Schema Document

 

 

101.CAL **

 

XBRL Taxonomy Extension Calculation Linkbase Document

 

 

101.DEF **

 

XBRL Taxonomy Extension Definition Linkbase Document

 

 

101.LAB **

 

XBRL Taxonomy Extension Label Linkbase Document

 

 

101.PRE **

 

XBRL Taxonomy Extension Presentation Linkbase Document

_____________

*

Filed herewith.

**

XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registrati0n statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

  

(1)

Incorporated by reference from our Registration Statement on Form SB-2, filed with the Commission on January 31, 2008

(2)

Incorporated by reference from our Registration Statement on Form S-1, filed with the Commission on November 6, 2012

(3)

Incorporated by reference from our Annual Report on Form 10-K for the year ended December 31, 2017, filed with the Commission on February 6, 2019

(4)

Incorporated by reference from our Current Report on Form 8-K, filed with the Commission on May 14, 2019.

(5)

Incorporated by reference from our Current Report on Form 8-K, filed with the Commission on September 10, 2019.

(6)

Incorporated by reference from our Current Report on Form 8-K, filed with the Commission on November 19, 2019

(7)

Incorporated by reference from our Current Report on Form 8-K, filed with the Commission on December 23, 2019

(8)

Incorporated by reference from our Annual Report on Form 10-K, filed with the Commission on April 17, 2020

(9)

Incorporated by reference from our Quarterly Report on Form 10-Q for the period ended March 31, 2020, filed with the Commission on May 26, 2020

(10)

Incorporated by reference from our Current Report on Form 8-K filed with the Commission on June 11, 2020

 

 
55

Table of Contents

 

SIGNATURES

 

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

SOBR Safe, Inc.

 

 

 

 

 

 

 

 

 

Dated: March 30, 2021

By:

/s/ Kevin Moore

 

 

 

Kevin Moore

 

 

Its:

Chief Executive Officer (Principal Executive Officer)

 

 

 

 

 

Dated: March 30, 2021

By:

/s/ David Gandini

 

 

 

David Gandini

 

 

Its:

Chief Financial Officer (Principal Accounting Officer) and Secretary

 

 

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

  

Dated:  March 30, 2021

By:

/s/ Kevin Moore

 

 

 

Kevin Moore, Director and Chief Executive Officer (Principal Executive Officer)

 

 

 

 

 

Dated: March 30, 2021

By:

/s/ David Gandini

 

 

 

David Gandini

 

 

Its:

Director, Chief Financial Officer (Principal Accounting Officer) and Secretary

 

 

 

 

 

Dated: March 30, 2021

By:

/s/ Charles Bennington

 

 

 

Charles Bennington, Director

 

 

 

 

 

 

 

 

 

Dated: March 30, 2021

By:

/s/ Ford Fay

 

 

 

Ford Fay, Director

 

 

 

 

 

 

 

 

 

Dated: March 30, 2021

By:

/s/ Steven Beabout

 

 

 

Steven Beabout, Director

 

 

 
56

Table of Contents

 

ITEM 8 - FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

  

INDEX

 

 

 

Page

 

 

 

 

 

Financial Statements:

 

 

 

 

 

 

 

Report of Independent Registered Public Accounting Firm

 

F-4

 

Consolidated Balance Sheets

 

F-5

 

Consolidated Statement of Operations

 

F-6

 

Consolidated Statements of Changes in Stockholders' Equity (Deficit)

 

F-7

 

Consolidated Statement of Cash Flows

 

F-8

 

Notes to Consolidated Financial Statements

 

F-9

 

 

 

 

 

Supplementary Data

 

 

 

 

 

 

 

Not applicable

 

 

 

 

 
F-1

Table of Contents

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

To the Board of Directors and Shareholders of SOBR Safe, Inc. 

 

Opinion on the Financial Statements 

 

We have audited the accompanying consolidated balance sheet of SOBR Safe, Inc. and Subsidiaries (the “Company”) as of December 31, 2020, and the related consolidated statements of operations, changes in stockholders’ equity (deficit), and cash flows for the year then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of SOBR Safe, Inc. as of December 31, 2020, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America. 

 

Going Concern 

 

The accompanying financial statements have been prepared assuming that the entity will continue as a going concern. As discussed in Note 2 to the financial statements, the entity has suffered recurring losses from operations and has a net capital deficiency that raise substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. 

 

Basis for Opinion 

 

These financial statements are the responsibility of the entity’s management. Our responsibility is to express an opinion on these financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to SOBR Safe, Inc. in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. SOBR Safe, Inc. is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control over financial reporting. Accordingly, we express no such opinion.

 

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. 

 

Critical Audit Matters 

 

The critical audit matter communicated below is a matter arising from the current period audit of the financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing separate opinions on the critical audit matter or on the accounts or disclosures to which it relates. 

 

 
F-2

Table of Contents

 

Asset Purchase Transaction of Intellectual Technology, Certain Robotics Assets and Other Business-Related Assets and Impairment Assessments 

 

The Company completed the purchase of certain assets from IDTEC, LLC on June 5, 2020 for a total consideration of $29,222,955. The Company’s assets are assessed for impairment annually, or more often if events or circumstances indicated that impairment may have occurred. If the fair value of the asset is less than its carrying amount, an impairment loss is recognized in an amount equal to the difference. In connection with its impairment assessments during the year-ended December 31, 2020, the Company recorded impairment charges of $25,320,555 related to its intellectual technology. Auditing the Company's estimate of fair value of the asset purchase transaction, as well as the fair value estimates used in the impairment assessments, is complex due to the significant management judgments and estimates required. Management valued the intellectual technology using a discounted cash-flow model analysis. Significant estimates and assumptions in estimating the fair value of the intellectual technology include future expected cash flows from product sales, customer contracts, revenue growth rate, customer ramp-up period, technology obsolescence rates, and discount rates, all of which are forward-looking and affected by expectations about economic, industry and company-specific factors.

 

The principal considerations for our determination that performing procedures relating to the valuation of the intellectual technology, robotics assets and office equipment acquired in the IDTEC, LLC asset acquisition is a critical audit matter are (i) a high degree of auditor judgment and subjectivity in performing procedures relating to the fair value measurement of the intellectual technology, robotic assets and office equipment due to the significant judgment by management when developing these estimates, (ii) the significant audit effort in evaluating the significant assumptions relating to the valuation of the intellectual technology related to the revenue growth rate, the customer ramp-up period, the technology obsolescence rates, and the discount rates, and (iii) the audit effort involved the use of professionals with specialized skill and knowledge.

 

Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the financial statements. These procedures included, among others, obtaining an understanding of the Company’s acquisition accounting and impairment assessments for the intellectual technology, robotics assets and office equipment; reading the asset purchase agreement; and testing management’s process for determining the fair value of these assets at acquisition and as part of the impairment assessments, including evaluating the appropriateness of the valuation methods (the Company’s use of the discounted cash flows method), testing the completeness and accuracy of underlying data used in the methods to develop the projected financial information, and evaluating the reasonableness of the significant assumptions related to the revenue growth rate, the customer ramp-up period, the technology obsolescence rates, and the discount rates. Evaluating the reasonableness of the revenue growth rate and the customer ramp-up period involved considering current industry data and market and economic trends. Evaluating the reasonableness of the technology obsolescence rates involved considering the benchmarking of peer companies and other market participant considerations. Professionals with specialized skill and knowledge were used to assist in evaluating the appropriateness of valuation methods and the reasonableness of the customer ramp-up period, the technology obsolescence rates, and the discount rates.

 

/s/ Macias Gini & O’Connell LLP

 

We have served as SOBR Safe, Inc. auditor since 2021.

 

Irvine, CA

March 31, 2021

 

 
F-3

Table of Contents

 

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 

To the Board of Directors and Shareholders of SOBR Safe, Inc.

 

Opinion on the Financial Statements

 

We have audited the accompanying consolidated balance sheet of SOBR Safe, Inc. and Subsidiaries (the "Company") as of December 31, 2019 and the related consolidated statements of operations, changes in stockholders’ deficit and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2019, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

 

Substantial Doubt About the Company’s Ability to Continue as a Going Concern

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has suffered recurring losses from operations and has a working capital deficit and stockholders’ deficit, and in all likelihood, will be required to make significant future expenditures in connection with continuing marketing efforts along with general and administrative expenses. As of December 31, 2019, the Company has an accumulated deficit of $19,511,168, carrying loans of principal and interest in default totaling $1,440,193. During the year ended December 31, 2019, the Company also experienced negative cash flows from operating activities of $543,956. It appears these principal conditions or events, considered in the aggregate, indicate it is probable that the entity will be unable to meet its obligations as they become due within one year after the date the financial statements are issued.  Management’s plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. 

 

Basis for Opinion

 

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no opinion.

 

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

 

We served as the Company’s auditor from 2018 through 2021.

 

Irvine, CA

April 16, 2020

 

 
F-4

Table of Contents

 

SOBR SAFE, Inc.

CONSOLIDATED BALANCE SHEETS

 

 

 

 

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

Cash

 

$ 232,842

 

 

$ 681,759

 

Prepaid expenses

 

 

115,230

 

 

 

9,054

 

Total current assets

 

 

348,072

 

 

 

690,813

 

 

 

 

 

 

 

 

 

SOBR Safe Intellectual Technology, net of accumulated amortization of $224,854 at December 31, 2020

 

 

3,629,821

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Other assets

 

 

8,680

 

 

 

-

 

Total Assets

 

$ 3,986,573

 

 

$ 690,813

 

 

 

 

 

 

 

 

 

 

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

Accounts payable

 

$ 101,308

 

 

$ 213,880

 

Accrued expenses

 

 

313,032

 

 

 

419,836

 

Accrued interest payable

 

 

134,444

 

 

 

674,041

 

Related party payables

 

 

28,624

 

 

 

905,443

 

Derivative liabilities

 

 

-

 

 

 

60,650

 

Common stock subscriptions payable

 

 

253,688

 

 

 

79,624

 

Preferred stock subscriptions payable

 

 

-

 

 

 

1,000,000

 

Notes payable - current - related parties

 

 

11,810 *

 

 

760,886

*

* Includes unamortized debt discount related to detached

warrants of none and $8,656 at December 31, 2020 and December 31, 2019, respectively

 

 

 

 

 

 

 

 

Notes payable - current - non-related parties

 

 

104,183

 

 

 

169,574

 

Total current liabilities

 

 

947,089

 

 

 

4,283,934

 

 

 

 

 

 

 

 

 

 

Total Liabilities

 

 

947,089

 

 

 

4,283,934

 

Stockholders' Equity (Deficit)

 

 

 

 

 

 

 

 

Preferred stock, $0.00001 par value; 19,300,000 shares authorized, no shares issued or outstanding as of December 31, 2020 and December 31, 2019

 

 

-

 

 

 

-

 

Series A Convertible Preferred stock, $0.00001 par value; 3,000,000 shares authorized, no shares issued and outstanding as of December 31, 2020 and December 31, 2019

 

 

-

 

 

 

-

 

Series A-1 Convertible Preferred stock, $0.00001 par value; 2,700,000 shares authorized, no shares issued and outstanding as of December 31, 2020 and December 31, 2019

 

 

-

 

 

 

-

 

Common stock, $0.00001 par value; 100,000,000 shares authorized; 25,922,034 and 6,452,993 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively, after 1-for-33.26 reverse stock split

 

 

260

 

 

 

65

 

Additional paid-in capital

 

 

52,693,974

 

 

 

15,971,392

 

Accumulated deficit

 

 

(49,601,220 )

 

 

(19,511,168 )

Total SOBR Safe, Inc. stockholders' equity (deficit)

 

 

3,093,014

 

 

 

(3,539,711 )

Noncontrolling interest

 

 

(53,530 )

 

 

(53,410 )

 

 

 

 

 

 

 

 

 

Total Stockholders' Equity (Deficit)

 

 

3,039,484

 

 

 

(3,593,121 )

 

 

 

 

 

 

 

 

 

Total Liabilities and Stockholders' Equity (Deficit)

 

$ 3,986,573

 

 

$ 690,813

 

 

The accompanying notes are an integral part of the consolidated financial statements.

 

 
F-5

Table of Contents

 

SOBR SAFE, Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS

 

 

 

For The Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Revenues

 

$ -

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

General and administrative

 

 

632,426

 

 

 

232,178

 

Stock-based compensation expense

 

 

273,443

 

 

 

44,082

 

Management salaries and consulting fees

 

 

1,370,681

 

 

 

498,246

 

Research and development

 

 

633,050

 

 

 

12,787

 

Total operating expenses

 

 

2,909,600

 

 

 

787,293

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

(2,909,600 )

 

 

(787,293 )

 

 

 

 

 

 

 

 

 

Other income (expense):

 

 

 

 

 

 

 

 

Loss on debt extinguishment, net

 

 

(224,166 )

 

 

-

 

Loss on disposal of property and equipment

 

 

(39,434 )

 

 

-

 

Gain on fair value adjustment - derivatives

 

 

60,650

 

 

 

4,150

 

Interest expense

 

 

(141,512 )

 

 

(457,505 )

Amortization of interest - beneficial conversion feature

 

 

(1,407,675 )

 

 

(11,509 )

Asset impairment adjustment

 

 

(25,320,555 )

 

 

-

 

Total other expense, net

 

 

(27,072,692 )

 

 

(464,864 )

 

 

 

 

 

 

 

 

 

Loss before provision for income taxes

 

 

(29,982,292 )

 

 

(1,252,157 )

 

 

 

 

 

 

 

 

 

Provision for income taxes

 

 

-

 

 

 

-

 

Provision for income tax

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

(29,982,292 )

 

 

(1,252,157 )

Net loss attributable to noncontrolling interest

 

 

120

 

 

 

3,125

 

Net loss attributable to SOBR Safe, Inc.

 

 

(29,982,172 )

 

 

(1,249,032 )

Dividends on convertible preferred stock

 

 

(107,880 )

 

 

-

 

Net loss attributable to common stockholders

 

$ (30,090,052 )

 

$ (1,249,032 )

 

 

 

 

 

 

 

 

 

Basic and diluted loss per common share

 

$ (1.95 )

 

$ (0.23 )

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

 

15,399,208

 

 

 

5,081,122

 

 

The accompanying notes are an integral part of the consolidated financial statements.

 

 
F-6

Table of Contents

 

SOBR SAFE, Inc.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

 

Preferred Stock

 

 

 

 

 

 

 

 

Stockholders'

 

 

 

 

 

 

 

 

 

 

 

 

Amount($0.00001

 

 

 

 

 

Amount($0.00001

 

 

 

Additional

Paid-in

 

 

Accumulated

 

 

Equity (Deficit)

SOBR

Safe,

 

 

Noncontrolling

 

 

Total

Stockholders'

Equity

 

 

 

Shares

 

 

 Par)

 

 

Shares

 

 

 Par)

 

 

Capital

 

 

Deficit

 

 

Inc.

 

 

Interest

 

 

(Deficit)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances at January 1, 2019

 

 

3,510,255

 

 

$ 35

 

 

 

1,388,575

 

 

$ 14

 

 

$ 14,888,941

 

 

$ (18,262,136 )

 

$ (3,373,146 )

 

$ (50,285 )

 

$ (3,423,431 )

Common stock issued for cash

 

 

1,065,982

 

 

 

11

 

 

 

-

 

 

 

-

 

 

 

38,989

 

 

 

-

 

 

 

39,000

 

 

 

-

 

 

 

39,000

 

Common stock issued for executive compensation

 

 

420,926

 

 

 

4

 

 

 

-

 

 

 

-

 

 

 

59,496

 

 

 

-

 

 

 

59,500

 

 

 

-

 

 

 

59,500

 

Common stock issued due to stock warrants exercise

 

 

1,038,339

 

 

 

11

 

 

 

-

 

 

 

-

 

 

 

146,763

 

 

 

-

 

 

 

146,774

 

 

 

-

 

 

 

146,774

 

Common stock issued upon conversion of convertible preferred stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

 

 

 

 

-

 

 

 

-

 

to common stock

 

 

417,491

 

 

 

4

 

 

 

(1,388,575 )

 

 

(14 )

 

 

(1,329,550 )

 

 

-

 

 

 

(1,329,560 )

 

 

-

 

 

 

(1,329,560 )

Paid-in capital - fair value of stock warrants granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

160,544

 

 

 

-

 

 

 

160,544

 

 

 

-

 

 

 

160,544

 

Paid-in capital - fair value of related party stock options vested

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

71,655

 

 

 

-

 

 

 

71,655

 

 

 

-

 

 

 

71,655

 

Paid-in capital - fair value of non-related party stock options granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

23,912

 

 

 

-

 

 

 

23,912

 

 

 

-

 

 

 

23,912

 

Paid-in capital - gain on related party executive compensation conversion

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

535,500

 

 

 

-

 

 

 

535,500

 

 

 

-

 

 

 

535,500

 

Paid-in capital - gain on related party debt conversion

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

39,992

 

 

 

-

 

 

 

39,992

 

 

 

-

 

 

 

39,992

 

Paid-in capital - gain on related party preferred stock conversion

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,329,561

 

 

 

-

 

 

 

1,329,561

 

 

 

-

 

 

 

1,329,561

 

Paid-in capital - beneficial conversion feature

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

5,589

 

 

 

-

 

 

 

5,589

 

 

 

-

 

 

 

5,589

 

Net loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(1,249,032 )

 

 

(1,249,032 )

 

 

(3,125 )

 

 

(1,252,157 )

Balances at December 31, 2019

 

 

6,452,993

 

 

$ 65

 

 

 

-

 

 

$ -

 

 

$ 15,971,392

 

 

$ (19,511,168 )

 

$ (3,539,711 )

 

$ (53,410 )

 

$ (3,593,121 )

Common stock issued for compensation

 

 

1,025

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

20,800

 

 

 

-

 

 

 

20,800

 

 

 

-

 

 

 

20,800

 

Common stock issued for executive compensation

 

 

72,159

 

 

 

1

 

 

 

-

 

 

 

-

 

 

 

76,479

 

 

 

-

 

 

 

76,480

 

 

 

-

 

 

 

76,480

 

Common stock issued due to stock warrants exercise

 

 

454,097

 

 

 

4

 

 

 

-

 

 

 

-

 

 

 

65,724

 

 

 

-

 

 

 

65,728

 

 

 

-

 

 

 

65,728

 

Common stock issued for asset purchase

 

 

12,000,000

 

 

 

120

 

 

 

-

 

 

 

-

 

 

 

27,119,880

 

 

 

-

 

 

 

27,120,000

 

 

 

-

 

 

 

27,120,000

 

Common stock issued to settle accounts payable and accrued expenses

 

 

159,395

 

 

 

2

 

 

 

-

 

 

 

-

 

 

 

265,675

 

 

 

-

 

 

 

265,677

 

 

 

-

 

 

 

265,677

 

Common stock issued to settle related party payables

 

 

260,150

 

 

 

3

 

 

 

-

 

 

 

-

 

 

 

579,811

 

 

 

-

 

 

 

579,814

 

 

 

-

 

 

 

579,814

 

Common stock issued to settle related party debt

 

 

648,739

 

 

 

6

 

 

 

-

 

 

 

-

 

 

 

826,958

 

 

 

-

 

 

 

826,964

 

 

 

-

 

 

 

826,964

 

Common stock issued to settle non-related party debt

 

 

70,448

 

 

 

1

 

 

 

-

 

 

 

-

 

 

 

166,525

 

 

 

-

 

 

 

166,526

 

 

 

-

 

 

 

166,526

 

Common stock issued upon conversion of related party debt and accrued interest

 

 

3,103,028

 

 

 

31

 

 

 

-

 

 

 

-

 

 

 

1,551,483

 

 

 

-

 

 

 

1,551,514

 

 

 

-

 

 

 

1,551,514

 

Common stock issued upon conversion of convertible preferred stock to common stock

 

 

2,700,000

 

 

 

27

 

 

 

(2,700,000 )

 

 

(27 )

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Series A-1 Convertible Preferred stock issued for cash

 

 

-

 

 

 

-

 

 

 

2,700,000

 

 

 

27

 

 

 

2,699,973

 

 

 

-

 

 

 

2,700,000

 

 

 

-

 

 

 

2,700,000

 

Paid-in capital - fair value of stock options vested

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

239,476

 

 

 

-

 

 

 

239,476

 

 

 

-

 

 

 

239,476

 

Paid-in capital - fair value of stock warrants granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

915,124

 

 

 

-

 

 

 

915,124

 

 

 

-

 

 

 

915,124

 

Paid-in capital - gain on related party payables conversion

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

272,299

 

 

 

-

 

 

 

272,299

 

 

 

-

 

 

 

272,299

 

Paid-in capital - gain on related party debt conversion

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

124,291

 

 

 

-

 

 

 

124,291

 

 

 

-

 

 

 

124,291

 

Paid-in capital - loss on debt extinguishment

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

390,409

 

 

 

-

 

 

 

390,409

 

 

 

-

 

 

 

390,409

 

Paid-in capital - beneficial conversion feature

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,407,675

 

 

 

-

 

 

 

1,407,675

 

 

 

-

 

 

 

1,407,675

 

Dividends - Series A-1 Convertible Preferred stock

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(107,880 )

 

 

(107,880 )

 

 

-

 

 

 

(107,880 )

Net loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(29,982,172 )

 

 

(29,982,172 )

 

 

(120 )

 

 

(29,982,292 )

Balances at December 31, 2020

 

 

25,922,034

 

 

$ 260

 

 

 

-

 

 

 

-

 

 

$ 52,693,974

 

 

$ (49,601,220 )

 

$ 3,093,014

 

 

$ (53,530 )

 

$ 3,039,484

 

 

The accompanying notes are an integral part of the consolidated financial statements.

 

 
F-7

Table of Contents

 

SOBR SAFE, Inc.

CONSOLIDATED STATEMENTS OF CASH FLOWS

 

 

 

For The Year Ended

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Operating Activities:

 

 

 

 

 

 

Net loss

 

 

(29,982,292 )

 

$ (1,252,157 )

 

 

 

 

 

 

 

 

 

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

232,194

 

 

 

-

 

Loss on debt extinguishment, net

 

 

224,166

 

 

 

-

 

Loss on disposal of property and equipment

 

 

39,434

 

 

 

-

 

Change in fair value of derivative liability

 

 

(60,650 )

 

 

(4,150 )

Interest expense-embedded conversion feature

 

 

-

 

 

 

64,800

 

Amortization-debt discount

 

 

8,656

 

 

 

5,920

 

Amortization of interest - beneficial conversion feature

 

 

1,407,675

 

 

 

5,589

 

Stock warrants expense

 

 

219,670

 

 

 

159,961

 

Stock options expense

 

 

239,478

 

 

 

95,567

 

Stock-based compensation expense

 

 

54,283

 

 

 

44,082

 

Asset impairment adjustment

 

 

25,320,555

 

 

 

-

 

Changes in assets and liabilities:

 

 

 

 

 

 

 

 

Prepaid expenses

 

 

3,515

 

 

 

3,937

 

Other assets

 

 

(8,680 )

 

 

-

 

Accounts payable

 

 

113,158

 

 

 

22,166

 

Accrued expenses

 

 

(4,666 )

 

 

(1,165 )

Accrued interest payable

 

 

26,677

 

 

 

160,772

 

Related party payables

 

 

(24,706 )

 

 

72,369

 

Stock subscriptions payable

 

 

-

 

 

 

78,353

 

 

 

 

 

 

 

 

 

 

Net cash used in operating activities

 

 

(2,191,533 )

 

 

(543,956 )

 

 

 

 

 

 

 

 

 

Investing Activities:

 

 

 

 

 

 

 

 

Proceeds from disposal of property and equipment

 

 

951

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Financing Activities:

 

 

 

 

 

 

 

 

Proceeds from notes payable - related parties

 

 

-

 

 

 

186,626

 

Proceeds from notes payable - non-related parties

 

 

41,665

 

 

 

-

 

Proceeds from issuances of common stock - non-related parties

 

 

-

 

 

 

39,000

 

Proceeds from offering of preferred stock - related parties

 

 

1,700,000

 

 

 

1,000,000

 

Net cash provided by financing activities

 

 

1,741,665

 

 

 

1,225,626

 

 

 

 

 

 

 

 

 

 

Net Change In Cash

 

 

(448,917 )

 

 

681,670

 

 

 

 

 

 

 

 

 

 

Cash At The Beginning Of The Period

 

 

681,759

 

 

 

89

 

 

 

 

 

 

 

 

 

 

Cash At The End Of The Period

 

$ 232,842

 

 

$ 681,759

 

 

 

 

 

 

 

 

 

 

Schedule Of Non-Cash Investing And Financing Activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepaid expenses with common shares

 

$ 122,162

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Issuance of common stock, stock warrants and convertible note for asset purchase

 

$ 29,222,955

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Accounts payables and accrued expenses converted to capital

 

$ 265,677

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Related party payables converted to capital

 

$ 579,814

 

 

$ 59,500

 

 

 

 

 

 

 

 

 

 

Gain on related party payables converted to capital

 

$ 272,299

 

 

$ 575,492

 

 

 

 

 

 

 

 

 

 

Related party debt converted to capital

 

$ 2,378,478

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Related party debt converted to capital after exercise of cashless stock warrants

 

$ 65,728

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Gain on related party debt converted to capital

 

$ 124,291

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Non-related party debt converted to capital

 

$ 166,526

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Shares issued for cash received in prior years

 

$ 1,000,000

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Shares issued for executive compensation in prior year

 

$ 76,480

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Gain on related party conversion of preferred stock into common stock

 

$ -

 

 

$ 1,329,561

 

 

 

 

 

 

 

 

 

 

Shares to be issued for accrued dividends

 

$ 107,880

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Fair value of embedded conversion feature

 

$ -

 

 

$ 64,800

 

 

 

 

 

 

 

 

 

 

Intrinsic value-beneficial conversion feature

 

$ 1,407,501

 

 

$ 5,589

 

 

 

 

 

 

 

 

 

 

Fair value of stock options granted

 

$ -

 

 

$ 95,567

 

 

 

 

 

 

 

 

 

 

Fair value of stock warrants granted

 

$ -

 

 

$ 160,544

 

 

 

 

 

 

 

 

 

 

Exercise of cashless stock warrants

 

$ -

 

 

$ 146,774

 

 

 

 

 

 

 

 

 

 

Supplemental Disclosure:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for interest

 

$ 1,979

 

 

$ 3,750

 

 

 

 

 

 

 

 

 

 

Cash paid for income taxes

 

$ -

 

 

$ -

 

 

The accompanying notes are an integral part of the consolidated financial statements.

 

 
F-8

Table of Contents

 

SOBR SAFE, Inc.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2020

 

NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

SOBR Safe, Inc. (“SOBR Safe”), formerly TransBiotec, Inc., was incorporated as Imagine Media, Ltd. in August, 2007 in the State of Delaware. A corporation also named TransBiotec, Inc. (“TransBiotec – CA”) was formed in the state of California July 4, 2004. Effective September 19, 2011 SOBR Safe was acquired by TransBiotec - CA in a transaction classified as a reverse acquisition as the shareholders of TransBiotec - CA retained the majority of the outstanding common stock of SOBR Safe after the share exchange. The consolidated financial statements represent the activity of TransBiotec - CA from July 4, 2004 forward, and the consolidated activity of SOBR Safe and TransBiotec - CA from September 19, 2011 forward. SOBR Safe and TransBiotec - CA are hereinafter referred to collectively as the “Company” or “We”. The Company has developed and plans to market and sell a non-invasive alcohol sensing system which includes an ignition interlock. The Company has not generated any revenues from its operations.

 

On March 23, 2020, the Company filed a Definitive 14-C providing notice that the Board of Directors has recommended, and that holders of a majority of the voting power of the Company’s outstanding stock voted, to approve the following.

 

 

1.

To remove and re-elect four (4) directors to serve until the next Annual Meeting of Shareholders and thereafter until their successors are elected and qualified; and

 

 

 

 

2.

To approve an amendment to the Company’s Certificate of Incorporation to: (a) change the Company’s name to SOBR SAFE, Inc., (b) decrease the Company’s authorized common stock from 800,000,000 shares, par value $0.00001 to 100,000,000 shares, par value $0.00001, and (c) effect a reverse stock split of the Company’s outstanding common stock at a ratio between 1-for-32 and 1-for-35 (with the exact ratio to be determined by the directors in their sole discretion without further approval by the shareholders).

 

The above actions taken by the Company’s stockholders became effective on or about May 21, 2020. The effective dates of the above actions were June 5, 2020 and April 20, 2020, respectively, and the actual reverse stock split ratio was 1-for-33.26. All share and per share amounts have been adjusted in these consolidated financial statements to reflect the effect of the reverse stock split. 

 

Basis of Presentation

The accompanying audited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) as promulgated in the United States of America and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for the presentation of annual financial information.

 

In management’s opinion, the audited consolidated financial statements reflect all adjustments (including reclassifications and normal recurring adjustments) necessary to present fairly the financial position for the years ended December 31, 2020 and December 31, 2019, and results of operations and cash flows for the years ended December 31, 2020 and December 31, 2019.

 

Principles of Consolidation

The accompanying audited consolidated financial statements include the accounts of the Company and its majority owned subsidiary, TransBiotec-CA. We have eliminated all intercompany transactions and balances between entities consolidated in these audited financial statements.

  

 
F-9

Table of Contents

 

Use of Estimates

The preparation of audited consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Specifically, such estimates were made by the Company for the valuation of the derivative liabilities, beneficial conversion feature expenses and intellectual technology. Actual results could differ from those estimates.

 

Financial Instruments 

Pursuant to  Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures and ASC 825, Financial Instruments, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 and 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 and 825 prioritizes the inputs into three levels that may be used to measure fair value:

 

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

 

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets: quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

 

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

 

The Company’s financial instruments consist primarily of cash, accounts payable, accrued expenses, accrued interest payable,  related party payables, notes payable, convertible debentures, and other liabilities. Pursuant to ASC 820 and 825, the fair value of our derivative liabilities is determined based on “Level 3” inputs. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

 

The following table presents assets and liabilities that are measured and recognized at fair value as of December 31, 2020 and December 31, 2019:

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Derivative liabilities

 

$ -

 

 

$ -

 

 

$ -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Derivative liabilities

 

$ -

 

 

$ -

 

 

$ 60,650

 

 

 
F-10

Table of Contents

 

Cash

The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. The Company does not have any cash equivalents as of December 31, 2020 and December 31, 2019.

 

Prepaid Expenses

Amounts incurred in advance of contractual performance or coverage periods are recorded as prepaid assets and recognized as expense in the period service or coverage is provided.  

 

Beneficial Conversion Features

From time to time, the Company may issue convertible notes that may contain a beneficial conversion feature. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of the warrants, if related warrants have been granted. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid-in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method.

 

Derivative Instruments

The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instruments are initially recorded at their fair values and are then re-valued at each reporting date, with changes in the fair value reported in the consolidated statements of operations under other income (expense). The accounting treatment of derivative financial instruments requires that the Company record the embedded conversion option at its fair value as of the inception date of the agreement and at fair value as of each subsequent balance sheet date. Any change in fair value is recorded as non-operating, non-cash income or expense for each reporting period at each balance sheet date. If the classification changes as a result of events during the period, the contract is reclassified as of the date of the event that caused the reclassification. As a result of entering into warrant agreements, for which such instruments contained a variable conversion feature with no floor, the Company has adopted a sequencing policy in accordance with ASC 815-40-35-12 whereby all future instruments may be classified as a derivative liability with the exception of instruments related to share-based compensation issued to employees or directors. For stock-based derivative financial instruments, the Company uses a Monte Carlo Simulation model to value the derivative instruments at inception and on subsequent valuation dates.

 

The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. 

 

Preferred Stock

We apply the guidance enumerated in ASC 480 “Distinguishing Liabilities from Equity” when determining the classification and measurement of preferred stock. Preferred shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. We classify conditionally redeemable preferred shares (if any), which includes preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control, as temporary equity. At all other times, we classified our preferred shares in stockholders’ equity.

 

Minority Interest (Noncontrolling Interest)

A subsidiary of the Company has minority members representing ownership interests of 1.38% at December 31, 2020 and December 31, 2019. The Company accounts for these minority, or noncontrolling interests, pursuant to ASC 810-10-65 whereby gains and losses in a subsidiary with a noncontrolling interest are allocated to the noncontrolling interest based on the ownership percentage of the noncontrolling interest, even if that allocation results in a deficit noncontrolling interest balance.

 

 
F-11

Table of Contents

 

Stock-based Compensation

The Company follows the guidance of the accounting provisions of ASC 718 “Share-based Compensation”, which requires the use of the fair-value based method to determine compensation for all arrangements under which employees and others receive shares of stock or equity instruments (warrants and options). The fair value of each option award is estimated on the date of grant using the Black-Scholes options pricing model that uses assumptions for expected volatility, expected dividends, expected term, and the risk-free interest rate. The Company has not paid dividends historically and does not expect to pay them in the future. Expected volatilities are based on weighted averages of the historical volatility of the Company’s common stock estimated over the expected term of the options. The expected term of options granted is derived using the “simplified method” which computes expected term as the average of the sum of the vesting term plus the contract term as historically the Company had limited activity surrounding its options. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the period of the expected term.

 

Research and Development

The Company accounts for its research and development costs pursuant to ASC 730, whereby it requires the Company to disclose the amounts of costs for company and customer-sponsored research and development activities, if material. Research and development costs are expensed as incurred. The Company incurred research and development costs as it acquired new knowledge to bring about significant improvements in the functionality and design of its SOBR product. Research and development costs were $633,050 and $12,787 during the years ended December 31, 2020 and December 31, 2019, respectively.

 

Advertising and Marketing Costs

Advertising and marketing costs are charged to operations as incurred.  Advertising and marketing costs were $96,637 and $3,724 during the years ended December 31, 2020 and December 31, 2019, respectively.     

 

Income Tax

The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company has a deferred tax asset of approximately $2,830,000 and $1,832,000 that is offset by a 100% valuation allowance at December 31, 2020 and December 31, 2019, respectively. Therefore, the Company has not recorded any deferred tax assets or liabilities at December 31, 2020 and December 31, 2019.

 

Net Loss Per Share

Basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period.  Diluted  loss per share gives the effect to all dilutive potential common shares outstanding during the period,  including stock options, warrants and convertible instruments.  Diluted net loss per share excludes all potentially issuable shares if their effect is anti-dilutive.  Because the effect of the Company’s dilutive securities is anti-dilutive, diluted net loss per share is the same as basic loss per share for the periods presented.

 

Concentration of Credit Risk

Certain financial instruments potentially subject the Company to concentrations of credit risk. Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Cash held in operating accounts may exceed the Federal Deposit Insurance Corporation (“FDIC”), insurance limits. Accounts at each institution are insured by the FDIC up to $250,000. While the Company monitors cash balances in our operating accounts on a regular basis and adjust the balances as appropriate, these balances could be impacted if the underlying financial institutions fail. To date, the Company has experienced no loss or lack of access to our cash; however, the Company can provide no assurances that access to our cash will not be impacted by adverse conditions in the financial markets. At December 31, 2020 and December 31, 2019, the Company had $0 and $431,759 in excess of the FDIC insured limit, respectively.

 

 
F-12

Table of Contents

 

Related Parties

Related parties are any entities or individuals that, through employment, ownership or other means, possess the ability to direct or cause the direction of the management and policies of the Company.

 

New Pronouncements

In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. ASU 2019-12 is effective for fiscal years beginning after December 15, 2021. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The Company is evaluating the effects, if any, of the adoption of ASU 2019-12 guidance on the Company's financial position, results of operations and cash flows.

 

In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, which address issues identified as a result of the complexity associated with applying generally accepted accounting principles for certain financial instruments with characteristics of liabilities and equity.  This amendment is effective for public business entities that meet the definition of a SEC filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company is evaluating the effects, if any, of the adoption of ASU 2020-06 guidance on the Company's financial position, results of operations and cash flows.

 

In October 2020, the FASB issued ASU No. 2020-08, Codification Improvements to Subtopic 310-20, Receivables-Nonrefundable Fees and Other Costs, amendments the guidance in ASU No. 2017-08, (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities, which addresses multiple call dates of a callable debt security.  This amendment is effective for public business entities, for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early application is not permitted.  The Company is evaluating the effects, if any, of the adoption of ASU 2020-08 guidance on the Company's financial position, results of operations and cash flows.

 

NOTE 2. GOING CONCERN

 

The Company has incurred recurring losses from operations and has limited cash liquidity and capital resources. Future capital requirements will depend on many factors, including the Company’s ability to develop products, cash flow from operations, and competing market developments. The Company will need additional capital in the near future. Sources of debt financing may result in high interest expense. Any financing, if available, may be on unfavorable terms. If adequate funds are not obtained, we will be required to reduce or curtail operations.

 

As of December 31, 2020, the Company has an accumulated deficit of approximately $50,000,000. During the year ended December 31, 2020, the Company also experienced negative cash flows from operating activities of approximately $2,200,000. It appears these principal conditions or events, considered in the aggregate, indicate it is probable that the Company will be unable to meet its obligations as they become due within one year after the date the financial statements are issued. As such, there is substantial doubt about the entity’s ability to continue as a going concern.

 

 
F-13

Table of Contents

 

The Company has identified factors that mitigate the probable conditions that have raised substantial doubt about the entity’s ability to continue as a going concern.  On January 15, 2021, the Company initiated a Private Offering (the “Offering”) of up to 40 Units ($2,000,000) with each Unit consisting of one $50,000 principal amount secured convertible debenture, convertible at $3.00 per share, and a Warrant to purchase 25,000 shares of the Company’s common stock at $3.00 per share.  The Secured Debentures carry interest at 12% and mature 24 months after issuance. The Warrants are exercisable six months after issuance and expire 24 months after issuance .  The Offering will be made on a continuous basis until March 31, 2021, which may be extended one-time by our Board of Directors until April 30, 2021 (the “Termination Date”), unless earlier terminated or canceled. There will be no closing of the Offering until a minimum of $500,000 is raised. After an initial closing is held, offers to purchase Units will be aggregated for subsequent closings to be held on a monthly basis until the maximum of $2,000,000 has been raised or until the Termination Date, whichever is earlier.  The Offering may be canceled by the Company at any time and will in any event be canceled if no closing has occurred before the Termination Date.  As of the date of this report the Company has received $1,100,000 of the Offering amount.

 

We will need additional funds beyond the money raised in this Offering, even if the maximum Offering is met.  As a result, we are planning on additional financings in the future.

 

On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus originating in Wuhan, China (the “COVID-19 outbreak”) and the risks to the international community as the virus spreads globally beyond its point of origin. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic, based on the rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. Management is actively monitoring the global situation on its financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, the Company is not able to estimate the effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity for fiscal year 2021. However, if the pandemic continues, it may have a adverse effect on the Company’s results of future operations, financial position, and liquidity in fiscal year 2021.

 

Management believes actions presently being taken to obtain additional funding provide the opportunity for the Company to continue as a going concern; however, these plans are contingent upon actions to be performed by the Company and these conditions have not been met on or before December 31, 2020. Additionally, the COVID-19 outbreak could have a continued material adverse impact on economic and market conditions and trigger a period of global economic slowdown, which would impair the Company’s ability to raise needed funds to continue as a going concern. As such, substantial doubt about the entity’s ability to continue as a going concern was not alleviated as of December 31, 2020.

 

NOTE 3. ASSET PURCHASE

 

On June 5, 2020, the Company completed a transaction (the “Transaction”) with IDTEC subject to the terms and conditions of the APA and that was accounted for as an asset purchase. Pursuant to the APA, IDTEC provided personnel, experience, and access to funding to assist with the development of the SOBR device, as well as sold to us certain robotics assets, which our management believes are synergistic with our current assets, in exchange for 12,000,000 shares of our common stock after giving effect to the reverse stock split effected in connection with closing the Transaction. The closing of the Transaction was subject to several conditions precedent, primarily: (i) the Company had to be current in reporting requirements under the Securities Exchange Act of 1934, as amended, (ii) had to complete a reverse stock split of common stock such that approximately 8,000,000 shares were outstanding immediately prior to closing the transaction, (iii) could only have outstanding convertible instruments as set forth in the APA, (iv) authorized common stock had to be reduced to 100,000,000 shares, and (v) not have more than approximately $125,000 in current liabilities. Effective with the closing of the Transaction all of the closing conditions had been met, modified or waived by IDTEC, and the Company issued the 12,000,000 shares to IDTEC.

 

 
F-14

Table of Contents

 

In advance of closing the Transaction, IDTEC and a few other affiliated parties voluntarily committed personnel and funds to the Company to assist with (i) general costs related to the Transaction, (ii) ongoing operating expenses and pay for further engineering and development work on the Company’s products and prototypes, (iii) protect, maintain and develop the Company’s products and intellectual property, (iv) hire, pay and retain the proposed management team, third party consultants and advisors for the Company following the consummation of the sale contemplated in the APA and, (v) take such further actions as are necessary to more quickly expand the Company’s business subsequent to the sale of the purchased assets. The parties agreed that the funds advanced directly to the Company’s vendors were voluntary and were not the obligation of the Company and the Company had no obligation to repay these funds in the event the transaction contemplated by the APA did not close. In the event the Transaction did close, then on the closing date, the Company would issue promissory notes for the aggregate amounts incurred, paid or advanced. As a result of closing the Transaction, the Company issued a convertible promissory note for all the funds spent or advanced by IDTEC prior to closing. This note totaled $1,485,189 (the “APA Note”), with simple interest at 10% per annum, due upon demand, and may be convertible into shares of common stock at $0.50 per share (after giving effect to the reverse stock split and subject to anti-dilution protection against any future securities we may issue at an effective price of less than $0.50 per share) at the discretion of the holder. The repayment of APA Note is secured by a first priority security lien or security interest in the patents, trademarks, tradenames, and other intellectual property of the Company.

 

At closing, some of the closing conditions under the APA were either waived and/or modified by the parties. In order to document those modifications and waivers, we entered into a Waiver Under Asset Purchase Agreement and Post-Closing Covenant Agreement with IDTEC. One of the closing conditions that was the subject of the Waiver Under Asset Purchase Agreement and Post-Closing Covenant Agreement was the requirement that the Company have under $125,000 in permitted liabilities (not including aged liabilities) after closing of the Transaction. At closing we had approximately $158,000 in non-permitted liabilities under the APA. As a result, the Company issued a Warrant to Purchase Common Stock to IDTEC (the “Warrant”), under which IDTEC will purchase up to 320,000 shares of our common stock (post-split) at an exercise price of $0.50 per share, if either (i) we are forced to pay a non-permitted liability, then we may force IDTEC to exercise the Warrant and pay the exercise price to pay the non-permitted liability, but only in an amount sufficient to pay the non-permitted liability, or (ii) if IDTEC otherwise elects to exercise the Warrant and acquire some or all of the shares underlying the Warrant. The Warrant expires five years after the date of issuance.

 

The Transaction recorded as an asset purchase was valued at $29,222,955, which consists of the market price as of June 5, 2020 of the Company’s 12,000,000 shares of common stock issued totaling $27,120,000, the funds spent by IDTEC and affiliates prior to closing of $1,407,051 and the fair value of the Warrant issued of $695,454.  In determining the fair value of the intangible assets, the Company considered, among other factors, the best use of acquired assets such as the analysis of historical financial performance of the products and estimates of future performance of the products and intellectual properties acquired. The  allocation to identifiable intangible assets required extensive use of financial information and management's best estimate of fair value.   

 

The following summarizes the transaction closing with IDTEC on June 5, 2020:

 

Property and equipment

 

$ 47,725

 

Intangible assets

 

 

29,175,230

 

Total assets

 

$ 29,222,955

 

 

 

 

 

 

Net purchase (fair value of stock issued, warrants and notes payable)

 

$ 29,222,955

 

 

Subsequent to the Transaction closing, the Company evaluated the fair value of the 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. Based on the assessment of fair value, the Company recognized an asset impairment loss of $25,320,555 resulting from the APA during the year ended December 31, 2020. The impairment was due to the increase of the Company's stock price value. The stock price of the Company at closing of the Transaction was significantly higher than expected from the stock price of the Company when the Company signed the APA. The number of shares to be given to IDTEC as consideration for the Transaction would not get updated for any stock price changes.

 

 
F-15

Table of Contents

 

NOTE 4. PREPAID EXPENSES

 

Prepaid expenses consist of the following:

  

 

 

December 31,

2020

 

 

December 31,

2019

 

Insurance

 

$ 3,370

 

 

$ -

 

Consulting services

 

 

111,860

 

 

 

7,343

 

Other prepaid expenses

 

 

-

 

 

 

1,711

 

 

 

 

 

 

 

 

 

 

Prepaid expenses

 

$ 115,230

 

 

$ 9,054

 

 

During 2020, the Company entered into two consulting agreements for marketing services. The Company has to issue a total of 87,500 of its common shares valued at $142,714 under the terms of the agreements.  As of December 31, 2020, the share value is included in common stock subscriptions payable as the shares had not been issued.  Stock- based compensation expense for the year ended December 31, 2020 includes approximately $33,000 for these service agreements. 

 

NOTE 5. PROPERTY AND EQUIPMENT

 

Property and equipment, net consists of the following:

 

 

 

December 31,

2020

 

Robotics and testing equipment

 

$ 46,200

 

Office furniture and equipment

 

 

1,525

 

 

 

47,725

 

Accumulated depreciation

 

 

(7,340 )

Net property and equipment disposed

 

 

(40,385 )

Property and equipment, net

 

$ 0

 

 

Depreciation is computed on a straight-line basis over the assets estimated useful lives of three years. Depreciation for the years ended December 31, 2020 and 2019 was $7,340 and none, respectively. 

 

NOTE 6. INTANGIBLE ASSETS

 

Intangible assets consist of the following at December 31, 2020:

 

 

 

 Gross Carrying

Amount 

 

 

 Accumulated

Amortization   

 

 

 Net Intangible

Asset 

 

 

 Amortization Period

(in years)

 

SOBR Safe

 

 

 

 

 

 

 

 

 

 

 

 

Intellectual Technology

 

$ 3,854,675

 

 

$ 224,854

 

 

$ 3,629,821

 

 

 

10

 

 

Amortization expense for the years ended December 31, 2020 and 2019 was $224,854 and none, respectively.

 

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

 

2021

 

 

 2022 

 

 

 2023

 

 

  2024

 

 

 2025

 

 

 Thereafter

 

$

385,467

 

 

$ 385,467

 

 

$ 385,467

 

 

$ 385,467

 

 

$ 385,467

 

 

$ 1,702,486

 

 

 
F-16

Table of Contents

 

NOTE 7. RELATED PARTY TRANSACTIONS

 

On December 3, 2014, Lanphere Law Group, a related party and shareholder, entered into an agreement with the Company to convert 50% of its outstanding accounts payable of $428,668 to a note payable. This note payable represents one half of the balance in the amount of $214,334 of legal fees and costs owed up until October 31, 2014. This agreement further provided that the remaining 50% of unpaid legal fees in accounts payable were to be paid and retained as a current payable. In addition, 50% of the legal fees and costs incurred beginning with the legal services provided to the Company on November 1, 2014 are to be converted on a monthly basis to common stock at a price of $0.09 per share until the accounts payable balance for legal fees is paid current. The Company has recorded to equity, a total related party gain connected to these conversions during the years ended December 31, 2020 and 2019 of none and $22,585, respectively. The Company converted the remaining payables to common stock through a separate agreement and there are no more payables to convert as of December 31, 2020.

 

On July 1, 2015, the Company amended the December 3, 2014 note payable agreement with Lanphere Law Group, which forgave $108,000 of the note payable’s principal balance. This debt forgiveness decreased the original principal balance on the note of $214,334 to a new principal balance of $106,335, and a related party gain of $108,000 was recorded to additional paid-in capital. This amendment also extended the note payable’s due date to December 2, 2015. The note was converted to common stock during the year ended December 31, 2020.

 

On March 8, 2017, Lanphere Law Group irrevocably elected to exercise warrants in order to acquire 969,601 shares of the Company’s common stock in exchange for an aggregate exercise price of $112,871, which was used for the deduction of $74,672 of principal and $38,199 of accrued interest related to the December 3, 2014 note payable agreement with Lanphere Law Group. The forgiveness of the note payable principal of $74,672 was recorded to equity and the $38,199 of related accrued interest was also recorded to equity. The principal balance of the note after the debt deduction was $31,662. On January 3, 2020, the note payable principal balance of $31,662 was converted to 9,520 common shares at a per share price of $3.326. As of December 31, 2020 and December 31, 2019, the principal balance of this note was none and $31,662, respectively. As of December 31, 2020 and December 31, 2019, the accrued interest on this note was none and $9,508, respectively.

 

Due to cash flow constraints, the Company experienced difficulty in compensating its directors for their service in their capacity as directors; therefore, such directors may receive stock options to purchase common shares as awarded by its Board of Directors or (as to future stock options) a compensation committee which may be established. Directors are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection with business related travel and attendance at meetings of its Board of Directors. The Company’s Board of Directors may award special remuneration to any director undertaking any special services on our behalf other than services ordinarily required of a director. On August 23, 2019, the Company entered into a Common Stock Purchase Agreement (the “Bennington SPA”) with Charles Bennington, one of the Company’s directors, under which the Company agreed to issue 420,926 shares of its common stock in exchange for Mr. Bennington forgiving $595,000 in accrued compensation and services due. The Company also recorded a related party gain on the conversion of executive compensation to common shares of $535,500 that was accounted for as additional paid-in capital. The common shares were issued on or about August 28, 2019 at a per-share purchase price of $1.4135 per share.

 

On August 23, 2019, the Company entered into a Debt Conversion and Common Stock Purchase Plan (the “Lanphere SPA”) with Michael Lanphere, a beneficial owner of the Company, under which the Company agreed to issue 643,438 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Lanphere under numerous promissory notes. Mr. Lanphere’s option to acquire the shares was under the terms of certain Loan Agreement with Promissory Note and Stock Fees agreements entered into with the Company and Mr. Lanphere. The amount of the debt reduction and, therefore the purchase price of the shares, was $96,303 which was used for the deduction of related party notes payable principal of $77,927 and accrued interest of $18,376. The Company recognized a related party gain of $5,350 and accounted for it as additional paid-in capital. The common shares were issued on or about August 28, 2019 at an effective conversion price of $0.1497 per share. After this exercise, Lanphere Law Group owned warrants to acquire an additional 454,097 shares of our common stock, which were subsequently exercised during 2020.

 

 
F-17

Table of Contents

 

On August 23, 2019, the Company entered into a Debt Conversion and Common Stock Purchase Plan (the “Mishal SPA”) with Devadatt Mishal, one of the Company’s  former directors and current shareholder, under which the Company agreed to issue 394,901 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Mishal under numerous promissory notes. Mr. Mishal’s option to acquire the shares was under the terms of certain Loan Agreement with Promissory Note and Stock Fees agreements entered into with the Company and Mr. Mishal. The amount of the debt reduction and, therefore the purchase price of the shares, was $56,478 which was used for the deduction of related party notes payable principal of $45,000 and accrued interest of $11,478. The Company recognized a related party gain of $657 and accounted for it as additional paid-in capital. The common shares were issued on or about August 28, 2019 at an effective conversion price of $0.1430 per share. After this exercise, Devadatt Mishal owns no warrants to acquire additional shares of our common stock.

 

On August 23, 2019, the Company entered, into a Share Exchange Agreement (the “Lanphere SEA”) with Michael Lanphere, a beneficial owner of the Company under which the Company agreed to issue 156,537 shares of its common stock in exchange for 520,643 shares of the Company’s Series A Convertible Preferred Stock owned by Mr. Lanphere. The Series A Convertible Preferred Stock were exchanged for the Company’s common shares at a price of $3.326 per share. The fair value of the common shares was $22,127. Per ASC 470-50-40-2, debt modification and extinguishment transactions between related parties are in essence a capital contribution from a related party. As a result, rather than recording a gain on extinguishment of debt, the Company recorded $498,516 to additional paid-in capital.

 

On August 23, 2019, the Company entered into a Share Exchange Agreement (the “Justus SEA”) with Vernon Justus, a shareholder, under which the Company agreed to issue 260,954 shares of its common stock in exchange for 867,932 shares of the Company’s Series A Convertible Preferred Stock owned by Mr. Justus. The Series A Convertible Preferred Stock were exchanged for the Company’s common shares at a price of $3.326 per share. The fair value of the common shares was $36,887. Per ASC 470-50-40-2, debt modification and extinguishment transactions between related parties are in essence a capital contribution from a related party. As a result, rather than recording a gain on extinguishment of debt, the Company recorded $831,045 to additional paid-in capital.

 

The Company entered into a lease agreement with Lanphere Law Group, a related party and shareholder, whereas the Company was the tenant and paying monthly rent of $4,100. The term of this operating lease ran from July 1, 2015 to June 30, 2019. From July 1, 2019 through December 31, 2019, the Company leased the same office space on a month to month basis. Rent expense, including CAM charges, for the years ended December 31, 2020 and 2019 of none and $39,315, respectively, was accounted for as general and administrative expense. 

 

On October 25, 2019, the Company granted Charles Bennington, one of the Company’s directors, an option to acquire 24,053 shares of the Company’s common stock under the Company’s 2019 Equity Incentive Plan. The stock option has an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with option vesting quarterly over a one-year period commencing January 1, 2020. The stock option has a five-year term. The issuance of the stock option was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, due to the fact Mr. Bennington is one of the Company’s  directors, is a sophisticated investor and familiar with our operations.  None of Mr. Bennington’s common stock options vested, and therefore none were expensed during the year ended December 31, 2019. For the year ended December 31, 2020, stock option expense for the options vested was $4,592.  No vested options were exercised as of December 31, 2020.

 

On October 25, 2019, the Company granted Nick Noceti, the Company’s former Chief Financial Officer, an option to acquire 24,053 shares of our common stock under our 2019 Equity Incentive Plan. The stock option has an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with option vesting quarterly over a two-year period commencing January 1, 2020. The stock option has a five-year term. The issuance of the stock option was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, due to the fact Mr. Noceti was at that time the Company’s Chief Financial Officer, is a sophisticated investor and familiar with our operations. None of Mr. Noceti’s common stock options vested, and therefore none were expensed during the year ended December 31, 2019.  For the year ended December 31, 2020, stock option expense for the options vested was $2,271.  No vested options were exercised as of December 31, 2020.

 

 
F-18

Table of Contents

 

On October 25, 2019, the Company granted Gary Graham, one of the Company’s former directors and current beneficial owner of the Company, an option to acquire 24,053 shares of our common stock under our 2019 Equity Incentive Plan. The stock option has an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with option vesting quarterly over a one-year period commencing January 1, 2020. The stock option has a five-year term. The issuance of the stock option was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, due to the fact Mr. Graham had been consulting with the Company for more than one year at the time of grant, is a sophisticated investor and familiar with our operations. None of Mr. Graham’s common stock options vested, and therefore none were expensed during the year ended December 31, 2019.  For the year ended December 31, 2020, stock option expense for the options vested was $4,592.  No vested options were exercised as of December 31, 2020.

 

On October 25, 2019, the Company entered into an Employment Agreement with Mr. Kevin Moore to serve as the Company’s Chief Executive Officer (the “Moore Agreement”). Under the terms of the Moore Agreement, Mr. Moore will perform services for the Company that are customary and usual for a chief executive officer of a company, in exchange for: (i) 24,053 shares of our common stock per month until the IDTEC Transaction closes, (ii) thereafter, an annual base salary of $213,000, (iii) sales bonuses based on the Company’s sales, and (iv) incentive stock options under the Company’s 2019 Equity Compensation Plan to acquire 1,058,329 shares of our common stock, at an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 29,398 shares during the three-year term of the Moore Agreement. The stock options have a ten-year term. 58,796 of these common stock option shares, valued at $14,080, were vested and expensed at December 31, 2019. No shares have been issued to Mr. Moore as of December 31, 2019.   For the year ended December 31, 2020, stock option expense for the 352,776 options vested was $79,557.  No vested options were exercised as of December 31, 2020.

 

On October 25, 2019, the Company entered into an Employment Agreement with Mr. David Gandini to serve as the Company’s Chief Revenue Officer (the “Gandini Agreement”). Under the terms of the Gandini Agreement, Mr. Gandini will perform services for the Company that are customary and usual for a chief revenue officer of a company, in exchange for: (i) an annual base salary of $185,000, (ii) sales bonuses based on the Company’s sales, (iii) incentive stock options under our 2019 Equity Compensation Plan to acquire 721,588 shares of our common stock, at an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 20,044 shares during the three-year term of the Gandini Agreement, and (iv) an aggregate of 240,530 additional option shares (the “Pre-Vesting Option Shares”) to vest as follows: (i) 200,439 Pre-Vesting Option Shares representing the monthly vesting option shares for the ten months ended October 31, 2019 to vest on November 1, 2019; and (ii) the remaining 40,091 Pre-Vesting Option Shares representing the monthly vesting option shares for the two months ended December 31, 2019 shall vest on January 1, 2020. The stock options have a ten-year term. The Company will be issuing Mr. Gandini a stock option agreement for the options he was issued under the Gandini Agreement. 240,530 of these common stock option shares, valued at $57,574, were vested and expensed at December 31, 2019. No shares have been issued to Mr. Gandini as of December 31, 2019.  For the year ended December 31, 2020, stock option expense for the 240,530 options vested was $54,720.  No vested options were exercised as of December 31, 2020.

 

On January 3, 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with Michael Lanphere, a beneficial owner of the Company, under which he agreed to exercise warrants and the Company agreed to issue 454,097 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Lanphere under two promissory notes. Mr. Lanphere’s option to acquire the shares was under the terms of certain Loan Agreement with Promissory Note and Stock Fees agreements entered into with the Company and Mr. Lanphere on April 17, 2019 and July 17, 2019. The amount of the debt reduction, and therefore the purchase price of the shares, was approximately $66,000 which was used for the deduction of related party notes payable principal of  approximately $66,000. 180,397 common shares were issued on January 3, 2020 at an effective conversion price of $0.133 and 273,700 common shares were issued on January 3, 2020 at an effective conversion price of $0.153. After this exercise, Lanphere Law Group owns no warrants for shares of our common stock.

 

On January 3, 2020, the Company entered into another Debt Conversion and Common Stock Purchase Plan with Michael Lanphere, under which the Company agreed to issue 63,225 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Lanphere under numerous other remaining promissory notes. The amount of the debt reduction, and therefore the purchase price of the shares, was $210,285 which was used for the deduction of related party notes payable principal of $169,606 and accrued interest of $40,679. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $52,000 and accounted for it as additional paid-in capital. The common shares were issued on January 3, 2020 at an effective conversion price of $3.326 per share.

 

 
F-19

Table of Contents

 

On January 3, 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with Vernon Justus, a shareholder, under which the Company agreed to issue 84,963 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Justus under a promissory note. The amount of the debt reduction, and therefore the purchase price of the shares, was $282,588 which was used for the deduction of a related party note payable principal of $180,001 and accrued interest of $102,587. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $70,000 and accounted for it as additional paid-in capital. The common shares were issued on January 3, 2020 at an effective conversion price of $3.326 per share.

 

On January 16, 2020, the Company entered into a Accounts Payable Conversion and Common Stock Purchase Plan with Michael Lanphere, under which the Company agreed to issue 214,883 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Lanphere for unpaid legal bills. The amount of the debt reduction, and therefore the purchase price of the shares, was $714,700 which was used for the deduction of related party payables of $714,700. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $222,000 and accounted for it as additional paid-in capital. The common shares were issued on January 16, 2020 at an effective conversion price of $3.326 per share.

 

On January 30, 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with Devadatt Mishal, one of the Company’s former directors and current shareholder, under which the Company agreed to issue 499,965 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Mishal under numerous promissory notes. The amount of the debt reduction, and therefore the purchase price of the shares, was $456,641 which was used for the deduction of related party notes payable principal of $270,300 and accrued interest of $186,341. The Company also recorded a loss on related party debt extinguishment of approximately $144,000. The common shares were issued on January 30, 2020 at an effective conversion price of $0.91465 per share.

 

On March 23, 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with Prakash Gadgil, one of the Company’s former directors and current shareholder, under which the Company agreed to issue 586 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Gadgil under a promissory note. The amount of the debt reduction, and therefore the purchase price of the shares, was $1,950 which was used for the deduction of a related party note payable principal of $1,950. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $1,000 and accounted for it as additional paid-in capital. The common shares were issued on March 23, 2020 at an effective conversion price of $3.326 per share.

 

On April 6, 2020, the Company agreed with Nick Noceti, the Company’s former Chief Financial Officer, to issue 38,437 shares of its common stock in exchange for amounts due for accounting fees. The amount of the debt reduction, and therefore the purchase price of the shares, was $127,840 which was used for the deduction of a related party accounts payable of $127,480. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $49,000 and accounted for it as additional paid-in capital. The common shares were issued on April 4, 2020 at an effective conversion price of $3.326 per share.

 

On April 7, 2020, the Company agreed with Charles Bennington, one of the Company’s  directors, to issue 6,831 shares of its common stock in exchange for amounts due for Board of Director fees. The amount of the debt reduction, and therefore the purchase price of the shares, was $9,656 which was used for the deduction of a related party accounts payable of $9,656. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $2,000 and accounted for it as additional paid-in capital. The common shares were issued on April 7, 2020 at an effective conversion price of $1.41 per share.

 

 
F-20

Table of Contents

 

NOTE 8. NOTES PAYABLE

 

RELATED PARTIES

 

Related party notes payable consist of the following:

 

 

 

December 31,

2020

 

 

December 31,

2019

 

 

 

 

 

 

 

 

Convertible Notes Payable

 

$ -

 

 

$ 161,000

 

Conventional Non-Convertible Notes Payable

 

 

11,810

 

 

 

328,423

 

Notes Payable with Detached Free-standing Warrants

 

 

-

 

 

 

280,119

 

Unamortized Discount

 

 

-

 

 

 

(8,656 )

Net Related Party Notes Payable

 

$ 11,810

 

 

$ 760,886

 

 

Total interest expense for related party notes was $98,313 and $91,845 for the years ended December 31, 2020 and 2019, respectively.

 

Related Party Convertible Notes Payable

 

The Company has none and seven convertible notes payable to related parties that have a principal balance of none and $161,000 as of December 31, 2020 and December 31, 2019, respectively. These notes carried interest rates ranging from 7% to 10%. These notes carried  fixed and variable conversion prices per share. The Company evaluated these convertible notes payable for embedded  and beneficial conversion features. The Company determined that there were both derivative embedded conversion features and beneficial conversion features to record. The conversion features were either fully amortized upon grant or over the life of the convertible notes payable.  The Company evaluated these convertible notes and determined that its embedded conversion feature carried a debt discount that should be fully amortized upon grant. The Company fully amortized this debt discount and recorded it as amortization of debt discount – interest expense in the amount of $64,800 for the year end December 31, 2019.

 

During 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with a related party, under which the Company agreed to issue approximately 157,000 shares of its common stock in exchange for a reduction of four convertible notes payable to related parties. The amount of the debt reduction, and therefore the purchase price of the shares, was $143,119 which was used for the deduction of related party convertible notes payable principal of $91,000 and accrued interest of $52,119.

 

On June 5, 2020 the Company issued the convertible APA Note to a related party with a principal balance of  $1,485,189, which included the $70,000 balance of three convertible notes payable to related parties and related accrued interest of $7,689 outstanding at December 31, 2019.  The note includes simple interest at 10% per annum, due upon demand, and may be convertible into shares of common stock at $0.50 per share (after giving effect to the reverse stock split and subject to anti-dilution protection against any future securities we may issue at an effective price of less than $0.50 per share) at the discretion of the holder.  The Company evaluated the convertible note payable for derivative embedded and beneficial  conversion features. The Company determined that there was a  beneficial conversion feature to record. During the year ended December 31, 2020, beneficial conversion feature amortization expense related to this related party convertible note payable of $1,407,675 was accounted for as amortization of interest - beneficial conversion feature expense in the consolidated statements of operations.  On November 15, 2020, the related party holder elected to convert the note principal and accrued interest balance of $1,551,514 into 3,103,028 of shares of common stock.

 

 
F-21

Table of Contents

 

Related Party Non-convertible Notes Payable

 

The Company has one and nine non-convertible notes payable to related parties that have a principal balance of $11,810 and $328,423 as of December 31, 2020 and December 31, 2019, respectively. These notes carry interest rates ranging from 0% to 10%.  The outstanding note payable as of December 31, 2020 had a due date of December 31, 2012  and is currently in default.    

 

During 2020, the Company entered into Debt Conversion and Common Stock Purchase Plans with four related parties, under which the Company agreed to issue approximately 343,000 shares of its common stock in exchange for a reduction of eight non-convertible notes payable to related parties. The amount of the debt reduction, and therefore the purchase price of the shares, was $549,311 which was used for the reduction of related party non-convertible notes payable principal of $316,613 and accrued interest of $232,698.

 

Related Party Notes Payable with Warrants

 

The Company has none and twenty-four notes payable with detached free-standing warrants to related parties that have a principal balance of none and $280,119 as of December 31, 2020 and December 31, 2019, respectively. These notes carried interest rates ranging from 7% to 10%. The exercise price for each note payable with detached free-standing warrant ranged from $0.1330 - $0.1530. As of December 31, 2019, these notes carried outstanding detached free-standing warrants of 454,097. The unamortized discount related to these stock warrants at December 31, 2020 and December 31, 2019 is none and $8,656, respectively. During the years ended December 31, 2020 and 2019, stock warrants amortization expense recorded as interest expense related to these stock warrants was $8,656 and $37,072, respectively. The relative fair market value of the related stock warrants granted during the years ended December 31, 2020 and 2019 was none and $38,998, respectively.

  

During 2020, the Company entered into Debt Conversion and Common Stock Purchase Plans with two related parties, under which the Company agreed to issue approximately 602,000 shares of its common stock in exchange for a reduction of 24 notes payable with detached free-standing warrants to related parties. The amount of the debt reduction, and therefore the purchase price of the shares, was $320,858 which was used for the deduction of related party notes payable with detached free-standing warrants principal of $280,119 and accrued interest of $40,739.

 

NON- RELATED PARTIES 

 

Non- related party notes payable consist of the following:

 

 

 

December 31,

2020

 

 

December 31,

2019

 

 

 

 

 

 

 

 

Convertible Notes Payable

 

$ 56,683

 

 

$ 143,136

 

Conventional Non-Convertible Notes Payable

 

 

42,500

 

 

 

21,438

 

Notes Payable with Detached Free-standing Warrants

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

 

 

Net Non-Related Party Notes Payable

 

$ 104,183

 

 

$ 169,574

 

 

Total interest expense for non-related party notes was $17,415 and $56,546 for the years ended December 31, 2020 and 2019, respectively.

 

 
F-22

Table of Contents

  

Convertible Notes Payable

 

The Company has three and fifteen convertible notes payable to non-related parties that have a principal balance of $56,683 and $143,136 as of December 31, 2020 and December 31, 2019, respectively. These notes carry interest rates ranging from 5% - 30% and have due dates ranging from 2/08/2012 – 3/06/2022. Two of the three notes  as of December 31, 2020 are in default. These notes carry conversion prices ranging from $0.0565- $10.7619 per share.  The Company evaluated these convertible notes payable for derivative embedded  and beneficial conversion features. The Company determined that there were beneficial conversion features to record. The conversion features were either fully amortized upon grant or over the life of the convertible notes payable. The conversion features were fully amortized as of December 31, 2020 and 2019.  During the years ended December 31, 2020 and 2019, beneficial conversion feature amortization expense related to these convertible notes payable of none and $5,920, respectively, was accounted for as amortization of interest - beneficial conversion feature expense in the  consolidated statements of operations. 

 

During 2020, the Company entered into Debt Conversion and Common Stock Purchase Plans with six non-related parties, under which the Company agreed to issue 50,135 shares of its common stock in exchange for a reduction of eleven convertible notes payable to non-related parties. The amount of the debt reduction, and therefore the purchase price of the shares, was $166,750 which was used for the deduction of non-related party convertible notes payable principal of $83,953 and accrued interest of $82,797. The Company recorded a non-related party gain on loan extinguishment  of approximately $103,000.

 

During 2020, the Company also entered into a non-related party convertible note payable agreement to convert a high interest rate convertible non-related party note payable with a principal balance of $25,000 and accrued interest due of $22,500 to a non-related party convertible note payable of $47,500 that accrues interest at 5%. The note conversion rate is $2 per common share. The Company recorded a loss on non-related party debt extinguishment of $11,697.

 

During 2020, the holder of a $25,000 convertible promissory note with interest at 30% and accrued interest of $61,875 replaced the carrying amount of the note and its conversion features with a new non-convertible note totaling $25,000 that bears interest at 5%. The Company recorded a gain on non-related party debt extinguishment of $61,875.

 

Non-convertible Notes Payable

 

The Company has three non-convertible notes payable to non-related parties that have a principal balance of $42,500 and $21,438 as of December 31, 2020 and December 31, 2019, respectively. These notes carry interest rates ranging from  5% - 18% and have due dates ranging from 1/31/2013 - 6/09/2022. Two of the three notes  as of December 31, 2020 are in default. 

 

During 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with a non-related party, under which the Company agreed to issue 20,313 shares of its common stock in exchange for a reduction of a non-convertible non-related party note payable. The amount of the debt reduction, and therefore the purchase price of the shares, was $67,561 which was used for the deduction of non-related party non-convertible notes payable principal of $3,938 and accrued interest of $63,623. The Company recorded a non-related party gain on loan extinguishment  of approximately $14,000.

 

On May 12, 2020, the Company received proceeds of $41,665 from a commercial bank under the SBA Payroll Protection Loan Program. The loan requires interest at 1% and 18 monthly payments of principal and interest beginning December 5, 2020. Provisions of the SBA Payroll Protection Loan Program allow for portions or all the loan balance to be forgiven should certain criteria be met.  On December 7, 2020 the Company was notified that the principal balance and accrued interest of $242 was forgiven, and thus the Company  recorded a gain on loan extinguishment of approximately $42,000.

 

Notes Payable with Warrants

 

The Company has one note payable with detached free-standing warrants to a non-related party that has a principal balance of $5,000 and $5,000 as of December 31, 2020 and December 31, 2019, respectively. This note carries an interest rate of 10% and had a due date of 9/11/2014. This note is currently in default The detached free-standing warrants for this note payable were not exercised by the note holder and expired on May 16, 2019. There was no unamortized discount related to these stock warrants as of  December 31, 2020 and December 31, 2019, and no stock warrant amortization expense was recorded to interest expense during the years ended December 31, 2020 and 2019.

 

 
F-23

Table of Contents

 

NOTE 9.  DERIVATIVE LIABILITY

 

 In 2019, the Company borrowed $ 70,000 under convertible promissory notes agreement from an unrelated party that are due upon demand.  The notes bear interest at a rate of 10% per annum and are convertible into the Company’s common shares at a variable conversion price based on a 50% discount of the market price at an undetermined future date. The Company analyzed the conversion features of the note agreement for derivative accounting consideration under ASU 2017-11 (ASC 815-15, Derivatives and Hedging), and determined the embedded conversion features should be classified as a derivative because the exercise price of the convertible note is subject to a variable conversion rate and should therefore be accounted for at fair value under ASC 820, Fair Value Measurements and Disclosures, and ASC 825, Financial Instruments. In accordance with ASC 815-15, the Company has bifurcated the conversion feature of the note and recorded a derivative liability.

 

The embedded derivative for the notes were carried on the Company’s balance sheet at fair value. The derivative liability was marked to market each measurement period and any unrealized change in fair value is recorded as a component of the statement of operations and the associated fair value carrying amount on the balance sheet was adjusted by the change. The Company fair valued the embedded derivatives using a Monte Carlo simulation model based on the following assumptions: (1) expected volatility of 180%, (2) risk-free interest rate of 0.13%, and (3) expected life from 1 month to 1 year. On March 1, 2019, the date of the first note, the fair value of the embedded derivative was $28,000. On May 3, 2019, the date of the second note, the fair value of the embedded derivative was $28,100. On October 26, 2019, the date of the third note, the fair value of the embedded derivative was $8,700. The notes carried an embedded conversion feature of $64,800 that was fully amortized to interest expense during the year ended December 31, 2019. The notes were not converted and deemed paid in full at the closing of the Transaction on June 5, 2020. The principal amounts of these notes were settled and transferred to the APA Note and a loss on debt extinguishment of $273,462 was recognized during the year ended December 31, 2020.  The fair value of the embedded derivative recorded on the balance sheet as a liability was none and $60,650 at December 31, 2020 and December 31, 2019, respectively. Utilizing level 3 inputs, the Company recorded a fair market value gain of $60,650 and $4,150 for the years ended December 31, 2020 and 2019, respectively.

 

A summary of the activity of the derivative liability is shown below:

 

Balance at December 31, 2019 

 

$ 60,650

 

Fair market value adjustments (including settlements)

 

 

(60,650 )

Balance at December 31, 2020

 

$ 0

 

 

NOTE 10. COMMON STOCK

 

The Company’s common stock transactions for the year ended December 31, 2019 consists of the following:

 

1,065,982 shares were issued to non-related parties for $39,000 in cash.

 

420,926 shares were issued for the conversion of $595,500 of accrued executive compensation owed to a related party at $0.0143 per share.  A related party gain of $535,500 was recorded as additional paid-in capital.

 

1,038,339 shares were issued for the conversion of $152,781 of related party debt from $0.1430 to $0.1497 per share.  1,038,339 stock warrants were settled along with the related party debt.

 

 
F-24

Table of Contents

 

417,491 shares were issued to related parties in exchange for 1,388,575 shares of the Company’s Series A Convertible Preferred Stock at $3.326 per share.  A related party gain of $1,329,561 was recorded as additional paid-in capital.

 

The Company’s common stock transactions for the year ended December 31, 2020 consists of the following:

 

1,025 shares were issued at $20.29 per share to a non-related party as compensation for services provided. 

 

72,159 shares were issued for services provided under an Employment Agreement with Kevin Moore dated October 25, 2019.

 

454,097 shares were issued for the conversion of $65,728 of related parties’ debt from $0.1530 to $0.13304 per share pursuant to terms of the convertible promissory notes. 454,097 stock warrants were settled along with the related party debt.

 

12,000,000 shares were issued to complete the Transaction with IDTEC that was accounted for as an asset purchase.   The shares were issued at a value of $27,120,000.

 

159,395 shares were issued to non-related parties for the conversion of approximately $266,000 of accounts payable and accrued expenses from $0.5821 to $3.326 per share.  The Company recorded a net gain of approximately $62,000 resulting from the stock issuance.

 

260,150 shares were issued to related parties for the conversion of $852,196 of related party payables from $1.115 to $3.326 per share.  A related party gain of $272,299 was recorded as additional paid-in capital.

 

648,739 shares were issued to related parties for the conversion of $622,004 of debt from $0.9146 to $3.326 per share.  The Company recorded $143,660 of loss on debt extinguishment  and a related party gain of $124,291 was recorded as additional paid in-capital as a result of the stock issuance.

 

70,448 shares were issued to non-related parties for the conversion of $65,391 of debt  at $3.326 per share.  The Company recorded $41,665 of loss resulting from the stock issuance. 

 

3,103,028 shares were issued to a related party for the conversion of $1,551,514 of debt under the terms of a convertible promissory note. The note converted at $0.50 per share.    

 

2,700,000 shares were issued to a related party under the terms governing the shares of Series A-1 Convertible Preferred Stock.  In addition, as a result of the conversion of the Series A-1 Convertible Preferred Stock we owed  accrued dividends totaling $107,880, which we could pay in cash or in shares of our common stock based on the price of common stock on the applicable dividend dates.  Our management and Board of Directors elected to pay the accrued dividends in shares of common stock.  Based on the price of the common stock on the applicable dividend dates, we owed 43,169 shares of common stock in full satisfaction of the accrued dividends.  As of  December 31, 2020, 43,169 shares were recorded in common stock subscriptions payable and were issued on January 6, 2021.  

 

NOTE 11. PREFERRED STOCK

 

On November 20, 2015, the Company’s Board of Directors authorized a class of stock designated as preferred stock with a par value of $0.00001 per share comprising 25,000,000 shares, 3,000,000 shares of which were classified as Series A Convertible Preferred Stock. In each calendar year, the holders of the Series A Convertible Preferred Stock are entitled to receive, when, as and if, declared by the Board of Directors, out of any funds and assets of the Company legally available, non-cumulative dividends, in an amount equal to any dividends or other Distribution on the common stock in such calendar year (other than a Common Stock Dividend). No dividends (other than a Common Stock Dividend) shall be paid and no distribution shall be made with respect to the common stock unless dividends shall have been paid or declared and set apart for payment to the holders of the Series A Convertible Preferred Stock simultaneously. Dividends on the Series A Convertible Preferred Stock shall not be mandatory or cumulative, and no rights or interest shall accrue to the holders of the Series A Convertible Preferred Stock by reason of the fact that the Company shall fail to declare or pay dividends on the Series A Convertible Preferred Stock, except for such rights or interest that may arise as a result of the Company paying a dividend or making a distribution on the common stock in violation of the terms. The holders of each share of Series A Convertible Preferred Stock then outstanding shall be entitled to be paid, out of the Available Funds and Assets, and prior and in preference to any payment or Distribution (or any setting part of any payment or Distribution) of any Available Funds and Assets on any shares of common stock, and equal in preference to any payment or Distribution (or any setting part of any payment or Distribution)  of any Available Funds and Assets on any shares of any other series of preferred stock that have liquidation preference, an amount per share equal to the Original Issue Price of the Series A Convertible Preferred Stock plus all declared but unpaid dividends on the Series A Convertible Preferred Stock. A reorganization, or any other consolidation or merger of the Company with or into any other corporation, or any other sale of all or substantially all of the assets of the Company, shall not be deemed a liquidation, dissolution, or winding up of the Company. Shares of the Series A Convertible Preferred Stock are convertible at a 35% discount rate to the average closing price per share of the Company’s common stock (either as listed on a national exchange or as quoted over-the-market) for the last 15 trading days immediately prior to conversion.  However, no conversions of the Series A Convertible Preferred Stock to shares of common stock can occur unless the average closing price per share of the Corporation’s common stock (either as listed on a national exchange or as quoted over-the-market) for the last  15 trading days immediately prior to conversion is at least $1.67. The shares of Series A Convertible Preferred Stock vote on a one for one basis. The right of conversion is limited by the fact the holder of the Series A Convertible Preferred Stock may not convert if such conversion would cause the holder to beneficially own more than 4.9% of the Company’s common stock after giving effect to such conversion. 

 

 
F-25

Table of Contents

 

On August 8, 2019, the Company entered into an 8% Series A-1 Convertible Preferred Stock Investment Agreement (the “Investment Agreement”) with First Capital Ventures, LLC (“FCV”), an entity controlled by a beneficial owner of the Company, and its assignee. The Company desired to raise between $1,000,000 and $2,000,000 from the sale of its 8% Series A-1 Convertible Preferred Stock and FCV intends to raise between $1,000,000 and $2,000,000 (net after offering expenses) in a special purchase vehicle (“SPV”) created by FCV to purchase the 8% Series A-1 Convertible Preferred Stock. The Company granted FCV and its assigns, the exclusive right to purchase the 8% Series A-1 Convertible Preferred Stock. The Company also agreed to cancel all shares of its previously issued and outstanding Series A Convertible Preferred Stock immediately following the closing date. The Company further agreed to issue FCV a three-year stock warrant to purchase 144,317 shares of its common stock at an exercise price of $1.039375 per share immediately following the closing date, which was valued at $122,889 and expensed upon grant for services provided. The Company agreed to enter into a “business development” agreement with FCV, or its assignee, on the sale of the first $1,000,000 of 8% Series A-1 Convertible Preferred Stock and also granted FCV and its assigns, the right to use the name “SOBR SAFE” and any related intellectual property in connection with the SPV, and the offering of the Interests in the SPV.

 

In accordance with the August 8, 2019 Investment Agreement with FCV, on December 9, 2019, the Company’s Board of Directors created a class of preferred stock designated as 8% Series A-1 Convertible Preferred Stock comprising of 2,000,000 shares. During 2020, the authorized shares were increased to 2,700,000 shares.  The rights and preferences of the 8% Series A-1 Convertible Preferred Stock are as follows: (a) dividend rights of 8% per annum based on the original issuance price of $1 per share, (b) liquidation preference over the Company’s common stock, (c) conversion rights into shares of the Company’s common stock at $1 per share (not to be affected by any reverse stock split in connection with the Asset Purchase Agreement with IDTEC), (d) redemption rights such that we have the right, upon 30 days written notice, at any time after one year from the date of issuance, to redeem all or part of the Series A-1 Convertible Preferred Stock for 150% of the original issuance price, (e) no call rights by the Company, and (f) each share of Series A-1 Convertible Preferred Stock will vote on an “as converted” basis.

 

On August 23, 2019, the Company entered into a Share Exchange Agreement (the “Lanphere” SEA) with Michael Lanphere, a beneficial owner of the Company, under which the Company agreed to issue 156,537 shares of its common stock in exchange for 520,643 shares of the Company’s Series A Convertible Preferred Stock owned by Mr. Lanphere. The Series A Convertible Preferred Stock were exchanged for the Company’s common shares at a price of $3.326 per share and were issued on or about August 28, 2019. The fair value of the common shares was $22,127. Per ASC 470-50-40-2, debt modification and extinguishment transactions between related parties are in essence a capital contribution from a related party. As a result, rather than recording a gain on extinguishment of debt, the Company recorded $498,516 to additional paid-in capital.

 

On August 23, 2019, the Company entered into a Share Exchange Agreement (the “Justus” SEA) with Vernon Justus, a shareholder, under which the Company agreed to issue 260,954 shares of its common stock in exchange for 867,932 shares of the Company’s Series A Convertible Preferred Stock owned by Mr. Justus. The Series A Convertible Preferred Stock were exchanged for the Company’s common shares at a price of $3.326 per share and were issued on or about August 28, 2019. The fair value of the common shares was $36,887. Per ASC 470-50-40-2, debt modification and extinguishment transactions between related parties are in essence a capital contribution from a related party. As a result, rather than recording a gain on extinguishment of debt, the Company recorded $831,045 to additional paid-in capital.

 

 
F-26

Table of Contents

 

On December 12, 2019, the Company entered into a Series A-1 Preferred Stock Purchase Agreement (the “SPA”) with SOBR SAFE, LLC (“SOBR SAFE”), a Delaware limited liability company and an entity controlled by a beneficial owner of the Company, under which SOBR SAFE agreed to acquire 1,000,000 shares of our Series A-1 Convertible Preferred Stock  in exchange for $1,000,000 (the “Purchase Price”). The Company received the Purchase Price on December 12, 2019.

 

On May 7, 2020, the Company amended a Convertible Preferred Stock Investment Agreement  granting the exclusive right to SOBR SAFE to purchase up to 2,700,000 shares.   

 

On July 2, 2020, the Company executed Amendment No. 2 to the Stock Investment Agreement which provides that the full amount of each dividend due on a dividend payment date, even if not declared, shall be paid to any holder regardless of the date on which the holder acquired the stock. 

 

On December 7, 2020, we sent a Notice of Automatic Conversion and Calculation of Dividend Shares to SOBR SAFE notifying them that under the terms governing the shares of Series A-1 Convertible Preferred Stock the 2,700,000 shares of Series A-1 Convertible Preferred Stock owned by SOBR SAFE automatically converted into 2,700,000 shares of our common stock.  In addition, as a result of the conversion of the Series A-1 Convertible Preferred Stock we owed SOBR SAFE accrued dividends totaling $107,880, which we could pay in cash or in shares of our common stock based on the price of common stock on the applicable dividend dates.  Our management and Board of Directors elected to pay SOBR SAFE the accrued dividends in shares of our common stock. 

 

NOTE 12.  STOCK SUBSCRIPTIONS PAYABLE

 

The Company has stock subscriptions payable of $253,688 payable with 147,587 of its common shares of which  $111,024 is payable to related parties with 60,087 of its common shares as of December 31, 2020 and $79,624 payable to related parties with 60,087 of its common stock at December 31, 2019.   The Company recorded a related party gain of none and $39,992 related to the outstanding stock subscriptions payable during the years ended December 31, 2020 and 2019, respectively.

 

The Company had no preferred stock subscriptions payable as of December 31, 2020.  The Company has preferred stock subscriptions payable due to a related party of $1,000,000 convertible into 1,000,000 of its 8% Series A-1 Convertible Preferred shares as of December 31, 2019.  

 

NOTE 13.  STOCK WARRANTS AND STOCK OPTIONS

 

Stock Warrants

 

The Company accounts for employee stock options and non-employee stock warrants under ASC 718 and ASC 505, whereby option costs are recorded based on the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable, utilizing the Black-Scholes pricing model. Unless otherwise provided for, the Company covers option exercises by issuing new shares. 

 

 
F-27

Table of Contents

 

Beginning on December 12, 2012, Michael A. Lanphere, a related party and non-employee, loaned the Company money for a variety of purposes, some for working capital and some to allow the Company to pay outstanding obligations. Each of these loans were made pursuant to the terms of a Loan Agreement with Promissory Note and Stock Fee (the “Agreements”). Under the terms of the Agreements, Mr. Lanphere was not only entitled to repayment of the principal amount loaned to us, with interest, but also what was termed in the Agreements as a “Stock Fee” that the parties are interpreting as a stock warrant, which permits Mr. Lanphere to acquire shares of our common stock in exchange for an exercise price that was estimated based on the date of the loan agreement. The number of shares to be issued to Mr. Lanphere as a Stock Fee under each Agreement was an estimate and varied based on the loan amount and the price of our common stock on the day of the loan and was calculated by this formula:  60% or 80% of the loan amount divided by the Company’s stock price on the day of the loan, but at a price per share no higher than ($0.025). Each Stock Fee is fully vested immediately and expires  5 years from the date of the loan. Although the Stock Fee could be taken by Mr. Lanphere as a stock grant or a stock warrant, due to the fully vested nature of the Stock Fee, Mr. Lanphere is deemed to beneficially own those shares on the date of each Agreement. After the Company entered into a Debt Conversion and Common Stock Purchase Plan with Mr. Lanphere dated January 3, 2020, Mr. Lanphere agreed to exercise his stock warrants and the Company agreed to convert and issue 454,097 shares of its common stock to reduce a notes payable principal balance consisting of two notes in the amount of $65,875. The Company did not record a loss on debt extinguishment for this conversion pursuant to ASC 470-20-40-4 that states that upon conversion in accordance with its original terms, the carrying amount of the convertible debt without a beneficial conversion feature, including any unamortized premium or discount, is credited to the capital accounts and no gain or loss should be recognized. Mr. Lanphere owns no more warrants to shares of our common stock. The number of warrants outstanding to Mr. Lanphere at December 31, 2020 and December 31, 2019 were none and 454,097, respectively.

 

On August 8, 2019, the Company entered into an 8% Series A-1 Convertible Preferred Stock Investment agreement with First Capital Ventures, LLC (“FCV”), an entity controlled by a beneficial owner of the Company. FCV set up a special purpose vehicle (“SPV”) or SOBR SAFE, LLC, an entity controlled by a beneficial owner of the Company,  that purchased 1,000,000 of the 8% Series A-1 Convertible Preferred Shares at $1.00 per share on December 12, 2019. Upon purchase, the Company issued the SPV through FCV a three-year warrant to purchase 144,317 shares of the Company’s common stock at an exercise price of $1.039375 per share. The number of warrants outstanding to the SPV through FCV at December 31, 2020 and December 31, 2019 are 144,317 and 144,317, respectively. 

 

On May 4,2020, the Company entered into an agreement with a vendor to provide investor relations services.  Under the terms of the agreement, we issued warrants to purchase up to 120,000 shares of our common stock at an exercise price of $2.00 per share.  The warrants expire five years after the date of issuance.  Approximately $220,000 of expense was recognized for the warrants issued for the services provide by the vendor.   

 

On June 5, 2020, upon closing of the Transaction, the Company entered into a Waiver Under Asset Purchase Agreement and Post-Closing Covenant Agreement under which we issued warrants to IDTEC to purchase up to 320,000 shares of our common stock (post-split) at an exercise price of $0.50 per share. The warrants expire five years after the date of issuance, (see Note 3).

 

The total outstanding balance of all non-employee stock warrants in the Company is 584,317 and 598,414 at December 31, 2020 and December 31 2019, respectively. There were 440,000 non-employee detached free-standing stock warrants granted during the year ended December 31, 2020 and 916,579 non-employee detached free-standing stock warrants granted during the year ended December 31, 2019. The fair value of these non-employee stock warrants granted during the years ended December 31, 2020 and 2019 totaled $915,124 and $160,544, respectively, and were determined using the Black-Scholes option pricing model based on the following assumptions:

 

 

 

Dec. 31, 2020

 

 

Dec. 31, 2019

 

Exercise Price 

 

$

0.50-$2.00

 

 

$

0.1330-$1.0394

 

Dividend Yield 

 

 

0

%

 

 

0

%

Volatility 

 

 

   153%-154%

 

 

 

      134% - 167%

 

Risk-free Interest Rate 

 

 

 0.19%- 0.29%

 

 

 

   1.69% – 2.40%

 

Life of Warrants

 

 

 5 Years

 

 

 

      .038-5 Years

 

 

 
F-28

Table of Contents

 

The following table summarizes the changes in the Company’s outstanding warrants during the years ended December 31, 2020 and 2019:

   

 

 

Warrants

Outstanding

Number of

Shares

 

 

Exercise

Price Per

Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate

Intrinsic Value

 

Balance at December 31, 2018

 

 

721,678

 

 

$

0.1397 - 0.6319

 

 

3.45 Years

 

$ 0.1929

 

 

$ -

 

Warrants Granted

 

 

916,579

 

 

$

0.06 - 0.2062

 

 

3.97 Years

 

$ 0.2860

 

 

$ 2,022,912

 

Warrants Exercised

 

 

(1,038,339 )

 

$

0.1430 - 0.1497

 

 

 

 

$ 0.1463

 

 

 

 

 

Warrants Expired

 

 

(1,504 )

 

$ 0.6319

 

 

 

 

$ 0.6319

 

 

 

 

 

Balance at December 31, 2019

 

 

598,414

 

 

$

.13304 - 1.039375

 

 

3.97 Years

 

$ 0.3592

 

 

$ 1,276,870

 

  

 

 

Warrants

Outstanding

Number of

Shares

 

 

Exercise

Price Per

Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate Intrinsic Value

 

Balance at December 31, 2019

 

 

598,414

 

 

$

        0.13304 – 1.039375

 

 

3.97 Years

 

$ 0.3592

 

 

$ 1,276,870

 

Warrants Granted

 

 

440,000

 

 

$

0.50-2.00

 

 

4.41 Years

 

$ 0.9091

 

 

$ 898,000

 

Warrants Exercised

 

 

(454,097 )

 

$

0.13304 - 0.15299

 

 

 

 

$ 0.1451

 

 

 

 

 

Warrants Expired  

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

 

584,317

 

 

$

        0.50 – 2.00

 

 

3.80 Years

 

$ 0.9413

 

 

$ 1,173,737

 

 

 
F-29

Table of Contents

 

Stock Options

 

On October 24, 2019, the Company’s 2019 Equity Incentive Plan went effective. The plan was approved by the Company’s Board of Directors and the holders of a majority of the Company’s voting stock on September 9, 2019. The plan’s number of authorized shares is 3,848,467. As of  December 31, 2020 and December 31, 2019, the Company has granted stock options to acquire 2,521,922 and 2,285,028 shares of common stock under the plan, respectively. As of December 31, 2020, the plan has1,202,168 vested shares and1,319,753 non-vested shares. As of December 31, 2019, the plan had 539,847 vested shares and 1,745,181 non-vested shares. As of December 31, 2020 and December 31, 2019 the plan has options available to be issued of 1,326,545 and 1,563,439, respectively.  The stock options are held by our officers, directors, employees, and certain key consultants. 

 

During 2020, under the 2019 Equity Incentive Plan the Company granted stock options and units to acquire approximately 236,000 shares of its common stock at exercise prices ranging from $1.645 to $3.30 to certain employees and key consultants.  The fair value of the options granted was approximately $515,000.  The stock options vest monthly and quarterly over 1 to 3-year terms.  A total of 15,000 stock options were vested as of  December 31, 2020.  None of the vested stock options have been exercised and no shares have been issued as December 31, 2020.  Additionally, the Company granted stock options to acquire 1,894 shares of its common stock, in addition to the 48,106 options granted to key consultants on October 25, 2019 for a total of 50,000 shares of its common stock in accordance with the Company’s agreements with the consultants.  The stock options stock exercise price is $0.2635.  The stock options vest over a one-year period beginning January 1, 2020 and have a five-year term.  A total of 50,000 and 0 stock options were vested at December 31, 2020 and December 31, 2019, respectively.  None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020.

 

For the years ended  December 31, 2020 and 2019, the Company recorded $239,478 and $95,566, respectively, of share-based compensation expense related to the stock options. The unrecognized compensation expense as of December 31, 2020 was approximately $650,000 for non-vested share-based awards to be recognized over periods of approximately three to seven years.

 

In applying the Black-Scholes options pricing model, assumptions used to compute the fair value of the stock options granted during the year ended December 31, 2020 and 2019 were as follows:

 

 

 

December 31,

2020

 

 

December 31,

2019

 

Exercise Price

 

$

1.645-3.30

 

 

$

0.026-1.039

 

Dividend Yield

 

 

0 %

 

 

0 %

Expected Volatility

 

162%-181

%  

 

133%-146

Risk-free Interest Rate

 

0.19%-0.43

%  

 

1.61%-1.70

Expected Life

 

1- 2.7 years

 

 

2.0-7.17years

 

 

 
F-30

Table of Contents

  

The following table summarizes the changes in the Company’s outstanding stock options during the years ended December 31, 2020 and 2019:

 

 

 

Options

Outstanding

Number of

Shares

 

 

Exercise Price Per

 Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate Intrinsic Value

 

Balance at December 31, 2018

 

 

53,368

 

 

$

         0.1497 – 8.31

 

 

       2.32 Years

 

$ 0.2761

 

 

$ -

 

Options Granted

 

 

2,381,239

 

 

$

0.26341-1.0393

 

 

        9.00 Years

 

$ 0.2960

 

 

$ 5,238,080

 

Options Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Options Cancelled

 

 

(45,100 )

 

$ 0.1497

 

 

 

 

$ 0.1497

 

 

 

 

 

Options Expired

 

 

(8,268 )

 

$

0.2328-8.31

 

 

        9.00 Years

 

$ 0.9678

 

 

 

 

 

Balance at December 31, 2019

 

 

2,381,239

 

 

$

0.2634 – 1.039

 

 

        9.00 Years

 

$ 0.2761

 

 

$ 5,238,080

 

  

 

 

Options

Outstanding

Number of

Shares

 

 

  Exercise

Price Per

 Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate Intrinsic Value

 

Balance at December 31, 2019

 

 

2,381,239

 

 

$

0.2634-1.039

 

 

9.00 Years

 

$ 0.2761

 

 

$ 5,238,080

 

Options Granted

 

 

236,894

 

 

$

0.2635–3.300

 

 

1.84 Years

 

$ 2.6661

 

 

$ 67,265

 

Options Exercised

 

 

(45,906 )

 

$ 1.039

 

 

 

 

 

 

 

 

 

 

 

Options Cancelled

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Options Expired

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

 

2,572,227

 

 

$

0.26342–3.300

 

 

7.45 Years

 

$ 0.4999

 

 

$ 6,302,277

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2019

 

 

539,847

 

 

$

0.2634–1.03938

 

 

8.2 Years

 

$ 0.4

 

 

$ 1,129,786

 

Exercisable at December 31, 2020

 

 

1,252,474

 

 

$

0.26342–3.300

 

 

7.4 Years

 

$ 0.3165

 

 

$ 3,299,006

 

 

Executive Stock Options

 

The Company has 2,521,922 outstanding executive stock options exercisable at $0.26341 to $3.30 per share with a weighted average remaining contractual life of  7.5 years as of December 31, 2020 and 2,285,028 outstanding executive stock options exercisable at $0.26341 per share with a weighted average remaining contractual life of 9 years as of December 31, 2019.

 

 
F-31

Table of Contents

 

On October 25, 2019, the Company granted Charles Bennington, one of the Company’s directors, options to acquire 24,053 shares of the Company’s common stock under its 2019 Equity Incentive Plan. The stock options have an exercise price of $0.2635 and vest quarterly over a one-year period commencing January 1, 2020. The stock options have a five-year term. A total of 24,053 and 0 stock options were vested as of December 31, 2020 and December 31, 2019, respectively. None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020.

 

On October 25, 2019, the Company granted Nick Noceti, the  Company’s former Chief Financial Officer, options to acquire 24,053 shares of the Company’s common stock under its 2019 Equity Incentive Plan. The stock options have an exercise price of $0.2635 and vest quarterly over a two-year period commencing January 1, 2020. The stock options have a five-year term. A total of  12,026 and 0 stock options were vested as of  December 31, 2020 and December 31, 2019, respectively. None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020. 

 

On October 25, 2019, the Company entered into an Employment Agreement with Kevin Moore to serve as the Company’s Chief Executive Officer. Under the terms of the agreement, the Company granted Kevin Moore stock options under its 2019 Equity Compensation Plan to acquire 1,058,328 shares of its common stock at an exercise price of $0.2635. The stock options vest in 36 equal monthly installments of 29,398 shares during the three-year term of his Employment Agreement. A total of411,572 and 58,796 stock options were vested as of December 31, 2020 and December 31, 2019, respectively. None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020 or December 31, 2019.

 

On October 25, 2019, the Company entered into an Employment Agreement with David Gandini to serve as the Company’s Chief Revenue Officer. Under the terms of the agreement, the Company granted David Gandini stock options under its 2019 Equity Compensation Plan to acquire 721,588 shares of its common stock at an exercise price of $0.2635. The stock options vest in 36 equal monthly installments of 20,044 shares during the three-year term of his Employment Agreement. David Gandini was also granted an aggregate of 240,529 additional option shares (the “Pre-Vesting Option Shares”) to vest as follows: (i) 200,439 Pre-Vesting Option Shares representing the monthly vesting option shares for the ten months ended October 31, 2019 to vest on November 1, 2019; and (ii) the remaining 40,090 Pre-Vesting Option Shares representing the monthly vesting option shares for the two months ended December 31, 2019 shall vest on January 1, 2020. The stock options have a ten-year term.  A total of 521,146 and 240,521 stock options were vested as of December 31, 2020 and December 31, 2019, respectively. None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020 or December 31, 2019.

 

NOTE 14. COMMITMENTS AND CONTINGENCIES

 

Operating Leases

The Company leased office space under a long-term operating lease that expired in June 2019. The Company leased the same office space on a month-to-month basis until December 31, 2019. On October 15, 2019, the Company entered into a short-term lease agreement that is between $2,800 - $2,900 per month and ended on October 31, 2020. The lease has been renewed for another twelve months under the same general terms and conditions.   The Company also leases an office space for $1,300 per month on a short-term (month to month) basis through a related party that terminates at any time.  Rent expense under office leases, including CAM charges, was $63,978 and $64,679 for the years ended December 31, 2020 and 2019, respectively.

 

 
F-32

Table of Contents

 

Legal Proceedings

On December 6, 2006, Orange County Valet and Security Patrol, Inc. filed a lawsuit against us in Orange County California State Superior Court for Breach of Contract in the amount of $11,164. A default judgment was taken against us in this matter. In mid-2013 we learned the Plaintiff’s perfected the judgment against us, but we have not heard from the Plaintiffs as of December 2020.  As of December 31, 2020, the Company has accrued $11,164 plus accrued interest of approximately $1,000.  In the event we pay any money related to this lawsuit, IDTEC agreed, in connection with us closing the asset purchase transaction with IDTEC, to pay the amount for us in exchange for shares of our common stock.

 

We currently have one outstanding judgment against us involving a past employee of the Company. The matter is under the purview of the State of California, Franchise Tax Board, Industrial Health and Safety Collections. We currently owe approximately $28,786 plus accrued interest of approximately $53,000, which has been accrued as of December 31, 2020 to our ex-employee for unpaid wages under these Orders.  On March 8, 2021 we received an Acknowledgement of Satisfaction of Judgement-Full by the California Court that the judgement has been settled with a payment of approximately $83,000 including accrued interest.  In the event we pay any money related to this lawsuit, IDTEC agreed, in connection with us closing the asset purchase transaction with IDTEC, to pay the amount for us in exchange for shares of our common stock.  

 

NOTE 15. INCOME TAXES

 

Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses. These loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur.

 

For the years ended December 31, 2020 and 2019, the Company incurred net losses and therefore has no tax liability. The Company began operations in 2007 and has net operating loss carry-forwards of approximately $13,346,000 that will be carried forward and can be used through the year 2040 to offset future taxable income. In the future, the cumulative net operating loss carry forward for income tax purposes may differ from the cumulative financial statement loss due to timing differences between book and tax reporting.

 

At December 31, 2020 and 2019, the Company has net operating loss carry forwards of approximately $13,346,000 and $9,634,000, respectively, that may be offset against future taxable income, if any. These carry-forwards are subject to review by the Internal Revenue Service. As of December 31, 2020 and 2019, the deferred tax asset of approximately $2,830,000 and $1,832,000, respectively, created by the net operating losses has been offset by a 100% valuation allowance because the likelihood of realization of the tax benefit cannot be determined. The change in the valuation allowance in 2020 and 2019 was approximately $998,000 and $187,000, respectively.

 

There is no current or deferred tax expense for the years ended December 31, 2020 and 2019. The Company has not filed its tax returns for the years ended 2012 through 2020; however, management believes there are no taxes due as of December 31, 2020 and 2019.

 

The Company includes interest and penalties arising from the underpayment of income taxes in general and administrative expense in the consolidated statements of operations.

 

The provision for Federal income tax consists of the following for the years ended December 31, 2020 and 2019:

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Income tax benefit attributable to:

 

 

 

 

 

 

Net loss

 

$ (29,982,222 )

 

$ (1,249,032 )

Permanent differences

 

 

1,830,697

 

 

 

313,778

 

Valuation allowance

 

 

28,151,525

 

 

 

935,254

 

Net provision for income tax 

 

$ -

 

 

$ -

 

 

 
F-33

Table of Contents

 

The cumulative tax effect at the expected federal tax rate of 21% of significant items comprising our net deferred tax amount is as follows on December 31, 2020 and 2019:

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Deferred tax asset attributable to:

 

 

 

 

 

 

Net operating loss carry forward

 

$ 2,163,000

 

 

$ 1,832,000

 

Valuation allowance

 

 

(2,163,000 )

 

 

(1,832,000 )

Net deferred tax asset

 

$ -

 

 

$ -

 

 

The cumulative tax effect at the expected state tax rate of 5% of significant items comprising our net deferred tax amount is as follows on December 31, 2020 and 2019:

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Deferred tax asset attributable to:

 

 

 

 

 

 

Net operating loss carry forward

 

$ 667,000

 

 

$ 482,000

 

Valuation allowance

 

 

(667,000 )

 

 

(482,000 )

Net deferred tax asset

 

$ -

 

 

$ -

 

 

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $13,304,000 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be further limited to use in future years.

 

The Company has identified the United States Federal tax returns as its “major” tax jurisdiction. The United States Federal tax return years 2012 – 2020 are still subject to tax examination by the United States Internal Revenue Service; however, we do not currently have any ongoing tax examinations.

 

 
F-34

Table of Contents

 

NOTE 16. SUBSEQUENT EVENTS

 

The Company has evaluated subsequent events for recognition and disclosure through March 31, 2021, which is the date the consolidated financial statements were available to be issued.

 

On January 6, 2021, the Company issued 43,169 shares of its common stock to SOBR Safe, LLC in full satisfaction of accrued dividends resulting from the December 2020 conversion of the Series A-1 Convertible Preferred Stock into common shares.

  

On January 15, 2021, the Company initiated a Private Offering (the “Offering”) of up to 40 Units ($2,000,000) with each Unit consisting of one $50,000 principal amount secured convertible debenture, convertible at $3.00 per share (“Secured Debentures”), and a warrant to purchase 25,000 shares of the Company’s common stock (the “Debenture Warrants”). The Secured Debentures will mature 24 months after issuance. The Secured Debentures will not be redeemable but contain an automatic conversion feature.  Interest on the Secured Debentures will accrue at a rate of 12% per annum, beginning on the date we have access to the investor’s funds.  At the date of their investment in the Offering, investors may elect to have the interest due under the Secured Debenture paid in cash monthly or have the interest accrue and be payable on the maturity date of the Secured Debenture.  For investors that elect to accrue the interest due under the Secured Debenture, the interest will be paid in cash or may be converted into shares of our common stock under the same terms as the principal amount on the maturity date.  The Secured Debentures will be convertible at any time, and from time to time, by the holder beginning on the date of issuance, into shares of our common stock. The Secured Debentures will be convertible at $3.00 per share (the “Conversion Price”); provided, however, that the right of conversion will be limited by the terms of the Secured Debentures to the extent necessary to ensure that each Secured Debenture holder will never beneficially own more than 4.9% of our class of common stock at any one time while any portion of the holder’s Secured Debenture remains outstanding.  The repayment of the Secured Debentures will be secured by the Company’s patent and patent applications.  The Debenture Warrants will be exercisable at any time, and from time to time, beginning six months after issuance and expiring two years after issuance, into shares at an exercise price of $3.00 per share.  The Debenture Warrants contain a repurchase right by the Company.  The shares underlying the Secured Debentures and Debenture Warrants will have registration rights.    Units may be purchased in increments of $50,000, with the minimum investment being one Unit for $50,000.  The Offering will be made on a continuous basis until 5:00 p.m. on March 31, 2021, which may be extended one-time by our Board of Directors until April 30, 2021 (the “Termination Date”), unless earlier terminated or canceled. There will be no closing of the Offering until a minimum of $500,000 is raised (the “Minimum Offering”). After an initial closing is held, offers to purchase Units will be aggregated for subsequent closings to be held on a monthly basis until the maximum of $2,000,000 has been raised or until the Termination Date, whichever is earlier.  The Offering may be canceled by the Company at any time and will in any event be canceled if no closing has occurred before the Termination Date. In the event the offer to purchase Units is rejected or the Offering is canceled, then the amounts remitted will be promptly returned without interest or deduction.

 

As of the date of this report the Company has received $1,100,000 of Offering proceeds.  

 

 
F-35

 

EX-10.16 2 sobr_ex1016.htm ADVISORY AGREEMENT sobr_ex1016.htm

EXHIBIT 10.16

 

ADVISORY AGREEMENT

 

This ADVISORY AGREEMENT (the “Agreement”) is made this 9th day of October, 2020 (the “Effective Date”) by and between Steven Beabout. an individual (“Advisor”), and SOBR Safe, Inc., a Delaware corporation (the “Company”).

 

WHEREAS, the Company is in a high-growth stage where it plans to enter into strategic and material key agreements, where it is of significant importance to have highly skilled legal oversight in an efficient, cost-effective manner;

 

WHEREAS, Advisor has significant experience in managing legal departments and outside legal specialists in an efficient, cost-effective manner;

 

WHEREAS, the Company desires to retain Advisor to provide strategic legal advice in relation to business and legal matters of the Company, including supply, distribution, joint ventures and intellectual property related matters.Advisor would assist in the review and hiring of legal personnel, such as Dean Watson (“Inside Counsel”) and the review and retention of outside expert legal specialists to assist and mentor Inside Counsel in an efficient cost-effective basis.Advisor will have an ongoing role in managing Inside Counsel and outside legal specialists, including the strategic structure of material agreements, subject to final review and sign off by outside legal specialists, as needed.The foregoing services of Advisor shall be referred to as the “Advisory Services”;

 

WHEREAS, the Company desires to retain Advisor to provide the Advisory Services on the terms and conditions set forth below.

 

NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Advisor agree as follows:

 

1.

Recitals Incorporated by Reference.

 

 

 

 

The above recitals of this Agreement are incorporated herein and made a part hereof by reference.

 

 

 

2.

Engagement: The Services.

 

 

 

 

The Company hereby retains Advisor to provide the Advisory Services as requested by the Company’s executive management team.

 

 

 

 

As governed by the terms of this Agreement, Advisor agrees to provide the Advisory Services, subject to the control, direction and supervision of the Company’s executive management team, commencing the Effective Date hereof and continuing through the Primary Term or any subsequent Extension Period (as defined herein).

 

 

 

3.

Compensation.

 

 

 

 

In consideration for the Services, the Company agrees to issue Advisor 75,000 Restricted Stock Units of the Company under the terms of the Company’s 2019 Equity Incentive Plan. The Restricted Stock Units will vest upon the earlier of (i) the expiration of any lock-up period that includes any securities of the Company owned by the Advisor after the uplift of the Company to a national exchange (NASDAQ, NYSE, etc.) or (ii) January 1, 2023 (the “RSUs”).The Company will issue Advisor a Restricted Stock Unit Agreement to evidence the terms of the RSUs.

  

SOBR-Beabout Advisory Agreement

Page 1 of 6

 

 

 

   

4.

Time and Effort of Advisor

 

 

 

 

Advisor shall allocate time to provide the Services, as it deems necessary and economically efficient. The particular amount of time may vary from day to day or week to week.

 

 

 

5.

Information on the Company

 

 

 

 

In connection with Advisor’s activities hereunder, the Company will furnish Advisor with all material and Confidential Information (as defined herein) regarding the business and financial condition of the Company. The Company and Advisor mutually agree that Advisor (a) may use and rely solely on the Confidential Information, and on information available from generally recognized public sources, in performing the Services without having independently verified the same, (b) does not assume responsibility for the accuracy or completeness of any Confidential Information, (c) will not issue opinions or make an appraisal of any assets or liabilities of the Company, and (d) retains the right to continue to conduct due diligence on the Company during the term of this Agreement.

 

 

 

6.

Term

 

 

 

 

Unless terminated pursuant to Section 12 herein, this Agreement shall have an initial term of sixteen (16) months (the “Initial Term"), commencing the Effective Date. At the conclusion of the Initial Term upon the written consent of the parties hereto this Agreement may be extended on a month-to-month basis (the “Extension Period”) until Advisor or the Company serves written notice on the other party terminating the Agreement. Any notice to terminate given hereunder shall be in writing and shall be delivered at least thirty (30) days prior to the end of the Primary Term or any subsequent Extension Period.

 

 

 

7.

Indemnification

 

 

 

 

Advisor will not be liable to the Company or any of its shareholders for any act or omission in the course of or connected with rendering the Services, including but not limited to losses that may be sustained in any corporate act undertaken by the Company in any Business Arrangements. The Company will indemnify Advisor against any action brought against Advisor by any shareholder, creditor or party related to the Company, or by a third party to a Business Arrangement.

 

 

 

8.

Costs and Expenses

 

 

 

 

All out-of-pocket expenses incurred by Advisor in the performance of the Services shall be paid by the Company or Advisor shall be reimbursed if such costs are paid by Advisor on behalf of the Company. Reimbursement of costs and expense shall be made within ten (10) days of receipt by the Company of Advisor’s written notice; provided, however, that the Company must approve in advance all such expenses in the aggregate in excess of $500 in any one (1) month.

 

 

 

9.

Place of Services

 

 

 

 

The Services provided by Advisor hereunder will be performed at Advisor’s offices except as otherwise mutually agreed by Advisor and the Company .

 

SOBR-Beabout Advisory Agreement

Page 2 of 6

 

 

 

 

10.

Independent Contractor

 

 

 

 

This Agreement neither expressly nor impliedly creates a relationship of principal and agent between the Company and Advisor. Advisor acts as an independent contractor in the performance of his duties under this Agreement. Advisor is not authorized to enter into any agreements on behalf of the Company.

 

 

 

11.

Termination

 

 

 

 

The Company and Advisor may terminate this Agreement prior to the expiration of the Primary Term upon thirty (30) days written notice with mutual written consent. Failing to have mutual consent, without prejudice to any other remedy available to the terminated party, this Agreement may be terminated effective Thirty (30) days following the issuance of written notice (the effective date of “Termination”) under the following conditions:

   

 

A)

By the Company.

   

 

i.

If during the Initial Term of this Agreement or any Extension Period, Advisor is unable to provide the Services for thirty (30) consecutive business days because of illness, accident, or other incapacity of Advisor’s Personnel; or

 

 

 

 

ii.

If Advisor willfully breaches or neglects material duties reasonably requested of him during the term of this Agreement.

    

 

B)

By Advisor.

   

 

i.

If the Company breaches this Agreement or fails to pay any consideration required hereunder including, the issuance of the RSUs to Advisor, or fails to issue the shares of the Company’s common stock underlying the RSUs; or

 

 

 

 

ii.

If the Company ceases business, or if the Company sells a controlling interest to a third party, or agree to a consolidation or merger of itself with or into another corporation, or sells substantially all of its assets to another corporation, entity or individual other than as a result of a Business Combination arranged by Advisor; or

 

 

 

 

iii.

If the Company has a receiver appointed for its business or assets, or otherwise becomes insolvent or unable to timely satisfy its obligations in the ordinary course of business, including but not limited to the obligation to issue the RSUs or any other fees as required pursuant to this Agreement, or if either the Company makes a general assignment for the benefit of creditors, has instituted against it any bankruptcy proceeding for reorganization for rearrangement of its financial affairs, files a petition in a court of bankruptcy, or is adjudicated a bankrupt.

   

In the event, during the first twelve (12) months of this Agreement, (a) Advisor elects to terminate without cause, (b) the Company terminates this Agreement for the reasons set forth in A(i) through (ii) or B (iii) above, then a portion of the unvested RSUs will expire equal to the number of RSUs granted multiplied by a fraction, the numerator of which is the number of months remaining in the first twelve (12) months and the denominator is twelve months, such that after the expiration of the first twelve (12) months after the date of this Agreement, none of the Advisor’s RSUs will be subject to expiration on the termination of this Agreement.

  

SOBR-Beabout Advisory Agreement

Page 3 of 6

 

 

 

 

If this Agreement is terminated by the Company for any other reason, or by Advisor for reasons set forth in B (i) or (ii) above, any non-vested RSUs will accelerate and vest immediately prior to the effective termination of this Agreement.

 

12.

No Conflicts

 

 

 

 

During the Term of this Agreement, Advisor agrees he will not provide advisory or consulting services, or become employed by, any other company that provides products and/or services in the same market segment as the Company.

 

 

 

13.

Miscellaneous

 

 

A)

Authority. Those executing this Agreement on behalf of the Company and Advisor represent that they are duly authorized to do so, and that each has taken all requisite action required by law or otherwise to properly allow such signatories to execute this Agreement.

 

 

 

 

B)

Subsequent Events. Advisor and the Company each agree to notify the other parties if, subsequent to the date of this Agreement, one of the parties incurs obligations which could compromise its efforts and obligations under this Agreement.

 

 

 

 

C)

Amendment. This Agreement may be amended or modified at any time and in any manner only by an instrument in writing executed by the parties hereto.

 

 

 

 

D)

Waiver. Any failure of any party to this Agreement to comply with any of its obligations, agreements, or conditions hereunder may be waived in writing by the party to whom such compliance is owed. The failure of any party to this Agreement to enforce at any time any of the provisions of this Agreement shall in no way be construed to be a waiver of any such provision or a waiver of the right of such party thereafter to enforce each and every such provision.No waiver of any breach of or non-compliance with this Agreement shall be held to be a waiver of any other or subsequent breach or non-compliance.

 

 

 

 

E)

Assignment.Neither this Agreement nor any right created by it shall be assignable by any party hereto without the prior written consent of the other parties.

 

 

 

 

F)

Notices.Any notice or other communication required or permitted by this Agreement must be in writing and shall be deemed to be properly given when delivered in person to an officer of the other party when deposited for transmittal by certified or registered mail, postage prepaid, or when sent by facsimile, “email” or other electronic transmission with proof of delivery, addressed as follows:

   

In the case of the Company:

SOBR Safe, Inc.

Attn: David Gandini, CFO

885 Arapahoe Road

Boulder, CO 80302 USA

Telephone: (303) 443-4430

E-mail: david.gandini@sobrsafe.com

 

SOBR-Beabout Advisory Agreement

Page 4 of 6

 

 

 

 

With copy to:

Craig V. Butler

Law Offices of Craig V. Butler

300 Spectrum Center Drive, Suite 300

Irvine, CA92618

Telephone: (949) 484-5667

E-mail:cbutler@craigbutlerlaw.com

   

In the case of Advisor:

Steven Beabout

4790 So. Ogden St.

Englewood, CO 80113

Telephone: (720) 231-4517

E-mail: stevebeabout@gmail.com

   

 

 

or to such other person or address designated in writing subsequent to the date hereof by the Company or Advisor to receive notice.

 

 

 

 

G)

Headings.The section and subsection headings in this Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Agreement.

 

 

 

 

H)

Governing Law.This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado applicable to the performance and enforcement of contracts made within such state, without giving effect to the law of conflicts of laws applied thereby.In the event that any dispute shall occur between the parties arising out of or resulting from the construction, interpretation, enforcement or any other aspect of this Agreement, the parties hereby agree to accept the exclusive jurisdiction of the Courts of the State of Colorado sitting in and for the county of Boulder.In the event either party shall be forced to bring any legal action to protect or defend its rights hereunder, then the prevailing party in such proceeding shall be entitled to reimbursement from the non-prevailing party of all fees, costs and other expenses (including, without limitation, the actual expenses of its attorneys) in bringing or defending against such action.

 

 

 

 

I)

Binding Effect.This Agreement shall be binding upon the parties hereto and inure to the benefit of the parties, their respective heirs, administrators, executors, successors, and assigns.

 

 

 

 

J)

Entire Agreement.This Agreement contains the entire agreement between the parties hereto and supersedes any and all prior agreements, arrangements, or understandings between the parties relating to the subject matter of this Agreement. No representations, warranties, covenants, or conditions, express or implied, other than as set forth herein, have been made by any party.

 

 

 

 

K)

Severability.If any part of this Agreement is deemed to be unenforceable the balance of the Agreement shall remain in full force and effect.

 

SOBR-Beabout Advisory Agreement

Page 5 of 6

 

 

 

   

 

L)

Counterparts: Facsimile. An original of this Agreement may be executed simultaneously in three or more executed facsimile, telecopy or other electronic reproductive counterparts, each of which shall be deemed an original, or facsimile, telecopy or other electronic reproductive counterparts, shall constitute one and the same instrument, and delivery of such shall be considered valid, binding and effective for all purposes.At the request of any party hereto, all parties agree to execute an original of this instrument as well as any facsimile, telecopy or other reproduction hereof.

   

IN WITNESS WHEREOF, the parties have executed this Agreement on the Effective Date.

  

Advisor

 

Steven Beabout

an individual

 

By:

 

 

 

Steven Beabout

 

    

“Company”

 

 

 

SOBR Safe, Inc.

 

a Delaware corporation

     
By:

Name:

David Gandini

 
Title:

Chief Financial Officer

 

 

SOBR-Beabout Advisory Agreement

Page 6 of 6

 

 
6

 

EX-31.1 3 sobr_ex311.htm CERTIFICATION sobr_ex311.htm

EXHIBIT 31.1

 

Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer

 

I, Kevin Moore, certify that:

 

 

I have reviewed this Annual Report on Form 10-K of SOBR Safe, Inc.;

 

 

 

 

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

 

 

 

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

 

 

 

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exhibit Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

   

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

 

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

 

 

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

 

 

 

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

 

The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

   

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

 

 

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant‘s internal control over financial reporting.

   

 

 

 

 

Dated: March 30, 2021

By:

/s/ Kevin Moore

 

 

 

Kevin Moore

 

 

 

President

 

EX-31.2 4 sobr_ex312.htm CERTIFICATION sobr_ex312.htm

EXHIBIT 31.2

 

Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer

 

I, David Gandini, certify that:

 

 

I have reviewed this Annual Report on Form 10-K of SOBR Safe, Inc.;

 

 

 

 

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

 

 

 

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

 

 

 

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exhibit Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

 

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

 

 

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

 

 

 

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

 

The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

  

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

 

 

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant‘s internal control over financial reporting.

   

 

 

 

Dated: March 30, 2021

By:

/s/ David Gandini

 

 

 

David Gandini

 

 

 

Chief Financial Officer

 

EX-32.1 5 sobr_ex321.htm CERTIFICATION sobr_ex321.htm

EXHIBIT 32.1

 

CERTIFICATION PURSUANT TO 18 USC, SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

  

In connection with the Annual Report of SOBR Safe, Inc. (the “Company”) on Form 10-K for the year ended December 31, 2020, as filed with the Securities and Exchange Commission on or about the date hereof (the “Report”), I, Kevin Moore, President of the Company, certify, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

 

 

(1)

The Report fully complies with the requirements of Sections 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

 

 

 

(2)

Information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

   

 

Dated: March 30, 2021

By:

/s/ Kevin Moore

 

 

 

Kevin Moore

 

 

Its:

President

 

  

A signed original of this written statement required by Section 906 has been provided to SOBR Safe, Inc. and will be retained by SOBR Safe, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2 6 sobr_ex322.htm CERTIFICATION sobr_ex322.htm

EXHIBIT 32.2

 

CERTIFICATION PURSUANT TO 18 USC, SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

 

 

In connection with the Annual Report of SOBR Safe, Inc. (the “Company”) on Form 10-K for the year ended December 31, 2020, as filed with the Securities and Exchange Commission on or about the date hereof (the “Report”), I, David Gandini, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

 

 

(1)

The Report fully complies with the requirements of Sections 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

 

 

 

(2)

Information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

   

 

Dated: March 30, 2021

By:

/s/ David Gandini

 

 

 

David Gandini

 

 

Its:

Chief Financial Officer

 

 

A signed original of this written statement required by Section 906 has been provided to SOBR Safe, Inc. and will be retained by SOBR Safe, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

EX-101.INS 7 imle-20201231.xml XBRL INSTANCE DOCUMENT 0001425627 2020-01-01 2020-12-31 0001425627 us-gaap:SubsequentEventMember 2021-01-01 2021-01-15 0001425627 us-gaap:SeriesAPreferredStockMember us-gaap:SubsequentEventMember 2021-01-06 0001425627 us-gaap:SubsequentEventMember 2021-01-15 0001425627 imle:ShortTermOperatingLeaseMember 2019-10-01 2019-10-15 0001425627 imle:ShortTermLeaseAgreementMember imle:HighlandSchoolMember srt:MaximumMember 2019-10-01 2019-10-15 0001425627 imle:ShortTermLeaseAgreementMember imle:HighlandSchoolMember srt:MinimumMember 2019-10-01 2019-10-15 0001425627 imle:ShortTermLeaseAgreementMember imle:HighlandSchoolMember 2019-10-01 2019-10-15 0001425627 imle:CaliforniaMember 2020-01-01 2020-12-31 0001425627 2006-12-06 0001425627 imle:CaliforniaMember 2020-12-31 0001425627 imle:FederalMember 2020-12-31 0001425627 imle:FederalMember 2019-12-31 0001425627 imle:StateMember 2020-12-31 0001425627 imle:StateMember 2019-12-31 0001425627 imle:FederalIncomeTaxMember 2020-01-01 2020-12-31 0001425627 imle:FederalIncomeTaxMember 2019-01-01 2019-12-31 0001425627 imle:NonEmployeeStockOptionsMember imle:MichaelALanphereMember 2012-01-01 2012-12-31 0001425627 imle:NonEmployeeStockWarrantsMember 2019-01-01 2019-12-31 0001425627 imle:NonEmployeeStockWarrantsMember 2020-01-01 2020-12-31 0001425627 imle:NonEmployeeStockWarrantsMember 2019-12-31 0001425627 imle:NonEmployeeStockWarrantsMember 2020-12-31 0001425627 imle:EightPercentSeriesAOneConvertiblePreferredStockInvestmentAgreementMember imle:FirstCapitalVenturesFcvMember 2019-12-31 0001425627 imle:EightPercentSeriesAOneConvertiblePreferredStockInvestmentAgreementMember imle:FirstCapitalVenturesFcvMember 2020-12-31 0001425627 imle:EightPercentSeriesAOneConvertiblePreferredStockInvestmentAgreementMember imle:FirstCapitalVenturesFcvMember 2019-08-08 0001425627 imle:EightPercentSeriesAOneConvertiblePreferredStockInvestmentAgreementMember imle:FirstCapitalVenturesFcvMember 2019-08-01 2019-08-08 0001425627 imle:NickNocetiMember 2019-01-01 2019-12-31 0001425627 imle:KevinMooreMember imle:EmploymentAgreementMember 2019-12-31 0001425627 imle:KevinMooreMember imle:EmploymentAgreementMember 2020-12-31 0001425627 imle:KevinMooreMember imle:EmploymentAgreementMember 2019-10-25 0001425627 imle:KevinMooreMember imle:EmploymentAgreementMember 2019-10-01 2019-10-25 0001425627 imle:TwoThousandNineteenEquityIncentivePlansMemberMember 2020-12-31 0001425627 imle:TwoThousandNineteenEquityIncentivePlansMemberMember 2019-12-31 0001425627 imle:TwoThousandNineteenEquityIncentivePlansMemberMember 2019-10-24 0001425627 imle:TwoThousandNineteenEquityIncentivePlansMemberMember 2019-10-01 2019-10-25 0001425627 imle:TwoThousandNineteenEquityIncentivePlansMemberMember 2019-01-01 2019-12-31 0001425627 imle:TwoThousandNineteenEquityIncentivePlansMemberMember 2020-01-01 2020-12-31 0001425627 imle:ExecutiveStockOptionsMember 2019-01-01 2019-12-31 0001425627 imle:ExecutiveStockOptionsMember 2020-01-01 2020-12-31 0001425627 imle:ExecutiveStockOptionsMember 2019-12-31 0001425627 imle:ExecutiveStockOptionsMember 2020-12-31 0001425627 imle:AssetPurchaseAgreementMember imle:IDTECMember 2020-06-05 0001425627 imle:AssetPurchaseAgreementMember imle:IDTECMember 2020-06-01 2020-06-05 0001425627 imle:MichaelALanphereMember 2020-01-01 2020-12-31 0001425627 imle:MichaelALanphereMember 2020-12-31 0001425627 imle:MichaelALanphereMember 2019-12-31 0001425627 imle:DavidGandiniMember 2019-10-01 2019-10-25 0001425627 imle:DavidGandiniMember 2019-12-31 0001425627 imle:DavidGandiniMember 2020-12-31 0001425627 imle:DavidGandiniMember 2019-10-25 0001425627 imle:ConsultantMember imle:TwoThousandNineteenEquityIncentivePlansMemberMember 2019-12-31 0001425627 imle:ConsultantMember imle:TwoThousandNineteenEquityIncentivePlansMemberMember 2020-12-31 0001425627 imle:ConsultantMember imle:TwoThousandNineteenEquityIncentivePlansMemberMember 2019-10-01 2019-10-25 0001425627 2020-05-01 2020-05-04 0001425627 2020-05-04 0001425627 imle:StockOptionsMember srt:MaximumMember 2018-12-31 0001425627 imle:StockOptionsMember srt:MinimumMember 2018-12-31 0001425627 imle:StockOptionsMember 2020-12-31 0001425627 imle:StockOptionsMember 2018-12-31 0001425627 imle:StockOptionsMember 2019-12-31 0001425627 imle:StockOptionsMember srt:MaximumMember 2020-12-31 0001425627 imle:StockOptionsMember srt:MaximumMember 2019-01-01 2019-12-31 0001425627 imle:StockOptionsMember srt:MaximumMember 2020-01-01 2020-12-31 0001425627 imle:StockOptionsMember srt:MinimumMember 2020-12-31 0001425627 imle:StockOptionsMember srt:MinimumMember 2019-12-31 0001425627 imle:StockOptionsMember srt:MinimumMember 2020-01-01 2020-12-31 0001425627 imle:StockOptionsMember srt:MinimumMember 2019-01-01 2019-12-31 0001425627 imle:StockOptionsMember 2020-01-01 2020-12-31 0001425627 imle:StockOptionsMember 2019-01-01 2019-12-31 0001425627 imle:StockOptionsMember srt:MaximumMember 2019-12-31 0001425627 imle:WarrantsMember srt:MaximumMember 2018-12-31 0001425627 imle:WarrantsMember srt:MaximumMember 2019-12-31 0001425627 imle:WarrantsMember srt:MinimumMember 2018-12-31 0001425627 imle:WarrantsMember srt:MinimumMember 2019-12-31 0001425627 imle:WarrantsMember 2020-12-31 0001425627 imle:WarrantsMember 2018-12-31 0001425627 imle:WarrantsMember 2019-12-31 0001425627 imle:WarrantsMember srt:MaximumMember 2020-01-01 2020-12-31 0001425627 imle:WarrantsMember srt:MaximumMember 2019-09-30 0001425627 imle:WarrantsMember srt:MaximumMember 2019-01-01 2019-12-31 0001425627 imle:WarrantsMember srt:MaximumMember 2020-12-31 0001425627 imle:WarrantsMember srt:MinimumMember 2019-01-01 2019-12-31 0001425627 imle:WarrantsMember srt:MinimumMember 2020-01-01 2020-12-31 0001425627 imle:WarrantsMember srt:MinimumMember 2019-09-30 0001425627 imle:WarrantsMember srt:MinimumMember 2020-12-31 0001425627 imle:WarrantsMember 2020-01-01 2020-12-31 0001425627 imle:WarrantsMember 2019-01-01 2019-12-31 0001425627 us-gaap:SeriesAPreferredStockMember imle:RelatedPartiesMember 2019-12-31 0001425627 imle:RelatedPartiesMember 2019-12-31 0001425627 imle:RelatedPartiesMember 2020-12-31 0001425627 imle:RelatedPartiesMember 2019-01-01 2019-12-31 0001425627 imle:RelatedPartiesMember 2020-01-01 2020-12-31 0001425627 imle:SeriesAConvertiblePreferredStockMember 2015-11-20 0001425627 imle:InvestmentAgreementMember us-gaap:ConvertiblePreferredStockMember 2019-07-24 2019-08-08 0001425627 imle:FirstCapitalVenturesMember 2019-08-08 0001425627 imle:FirstCapitalVenturesMember 2019-07-24 2019-08-08 0001425627 imle:BusinessDevelopmentMember 2019-07-24 2019-08-08 0001425627 imle:SeriesAOnePreferredStockPurchaseAgreementMember imle:SOBRSAFELLCMember imle:SeriesAOneConvertiblePreferredstockMember imle:SOBRSDirectorCompanyMember 2019-07-24 2019-08-08 0001425627 imle:SeriesAOnePreferredStockPurchaseAgreementMember imle:SOBRSAFELLCMember imle:SeriesAOneConvertiblePreferredstockMember imle:SOBRSDirectorCompanyMember 2019-12-09 0001425627 imle:SeriesAOneConvertiblePreferredstockMember 2019-12-12 0001425627 imle:SeriesAOneConvertiblePreferredstockMember 2020-12-01 2020-12-07 0001425627 imle:MichaelLanphereMember imle:ShareExchangeAgreementMember 2019-08-23 0001425627 imle:VernonJustusMember imle:ShareExchangeAgreementMember 2020-12-31 0001425627 imle:SOBRSAFELLCMember imle:AssetPurchaseAgreementMember 2020-05-07 0001425627 2015-11-20 0001425627 imle:CompensationMember 2020-12-31 0001425627 imle:CompensationMember 2020-01-01 2020-12-31 0001425627 imle:RelatedPartyThreeMember 2020-12-31 0001425627 imle:RelatedPartyThreeMember 2020-01-01 2020-12-31 0001425627 imle:NonRelatedPartyOneMember 2020-12-31 0001425627 imle:NonRelatedPartyOneMember 2020-01-01 2020-12-31 0001425627 imle:NonRelatedPartyTwoMember 2020-12-31 0001425627 imle:NonRelatedPartyTwoMember 2020-01-01 2020-12-31 0001425627 imle:KevinMooreMember imle:EmploymentAgreementMember 2020-01-01 2020-12-31 0001425627 imle:RelatedPartyMember 2020-01-03 0001425627 imle:RelatedPartyOneMember 2020-01-01 2020-12-31 0001425627 imle:ConvertiblePromissoryNoteAgreementMember 2020-01-03 0001425627 imle:RelatedPartyTwoMember 2020-12-31 0001425627 imle:RelatedPartyTwoMember 2020-01-01 2020-12-31 0001425627 imle:NonRelatedPartiesMember 2019-02-01 2019-02-25 0001425627 imle:NonRelatedPartiesMember 2020-01-01 2020-12-31 0001425627 imle:RelatedPartyMember 2020-12-31 0001425627 imle:RelatedPartyMember 2020-01-01 2020-12-31 0001425627 imle:SeriesAOneConvertiblePreferredstockMember 2020-01-01 2020-12-31 0001425627 imle:SeriesAConvertiblePreferredStockMember 2020-01-01 2020-12-31 0001425627 imle:ConvertiblePromissoryNoteAgreementMember srt:MaximumMember 2020-01-01 2020-12-31 0001425627 imle:ConvertiblePromissoryNoteAgreementMember srt:MinimumMember 2020-01-01 2020-12-31 0001425627 imle:ConvertiblePromissoryNoteAgreementMember imle:MarchTwentySixTwoThousandNineteenMember 2020-12-31 0001425627 imle:ConvertiblePromissoryNoteAgreementMember imle:MayThreeTwoThousandNineteenMember 2020-12-31 0001425627 imle:ConvertiblePromissoryNoteAgreementMember imle:TwoThousandNineteenMember 2020-01-01 2020-12-31 0001425627 imle:ConvertiblePromissoryNoteAgreementMember imle:TwoThousandNineteenMember 2020-12-31 0001425627 imle:ConvertiblePromissoryNoteAgreementMember imle:MarchOneTwoThousandNineteenMember 2020-12-31 0001425627 imle:ConvertiblePromissoryNoteAgreementMember 2019-12-31 0001425627 imle:ConvertiblePromissoryNoteAgreementMember 2020-12-31 0001425627 imle:ConvertiblePromissoryNoteAgreementMember 2019-01-01 2019-12-31 0001425627 imle:ConvertiblePromissoryNoteAgreementMember 2020-01-01 2020-12-31 0001425627 imle:NonRelatedPartyNotesPayableMember srt:MaximumMember 2020-12-31 0001425627 imle:NonRelatedPartyNotesPayableMember srt:MaximumMember 2020-01-01 2020-12-31 0001425627 imle:NonRelatedPartyNotesPayableMember srt:MinimumMember 2020-12-31 0001425627 imle:NonRelatedPartyNotesPayableMember srt:MinimumMember 2020-01-01 2020-12-31 0001425627 imle:NonRelatedPartyNotesPayableMember imle:NonConvertibleNotesPayableMember srt:MaximumMember 2020-01-01 2020-12-31 0001425627 imle:NonRelatedPartyNotesPayableMember imle:NonConvertibleNotesPayableMember srt:MinimumMember 2020-01-01 2020-12-31 0001425627 imle:NonConvertibleNotesPayableTwoMember 2020-01-01 2020-12-31 0001425627 imle:NonConvertibleNotesPayableTwoMember 2019-12-31 0001425627 imle:NonConvertibleNotesPayableTwoMember 2020-12-31 0001425627 imle:NonRelatedPartyNotesPayableMember imle:NonConvertibleNotesPayableMember 2019-12-31 0001425627 imle:NonRelatedPartyNotesPayableMember imle:NonConvertibleNotesPayableMember 2020-01-01 2020-12-31 0001425627 imle:NonRelatedPartyNotesPayableMember imle:NonConvertibleNotesPayableMember 2020-12-31 0001425627 imle:RelatedPartyNotesPayableTwentyFourMember 2019-01-01 2019-12-31 0001425627 imle:RelatedPartyNotesPayableTwentyFourMember 2020-01-01 2020-12-31 0001425627 imle:RelatedPartyNotesPayableTwentyFourMember 2019-12-31 0001425627 imle:RelatedPartyNotesPayableTwentyFourMember 2020-12-31 0001425627 imle:RelatedPartyNotesPayableMember 2020-01-01 2020-12-31 0001425627 imle:RelatedPartyNotesPayableMember 2019-01-01 2019-12-31 0001425627 imle:NonRelatedPartyNotesPayableMember 2019-01-01 2019-12-31 0001425627 imle:NonRelatedPartyNotesPayableMember 2020-01-01 2020-12-31 0001425627 srt:MinimumMember imle:RelatedPartyNotesPayableTwentyFourMember 2020-12-31 0001425627 srt:MinimumMember imle:RelatedPartyNotesPayableTwentyFourMember 2020-01-01 2020-12-31 0001425627 srt:MaximumMember imle:RelatedPartyNotesPayableTwentyFourMember 2020-01-01 2020-12-31 0001425627 srt:MaximumMember imle:RelatedPartyNotesPayableTwentyFourMember 2020-12-31 0001425627 imle:NonRelatedPartyNotesPayableOneMember 2020-01-01 2020-12-31 0001425627 imle:NonRelatedPartyNotesPayableOneMember 2020-12-31 0001425627 imle:CommonStockPurchasePlansMember imle:FourRelatedPartiesMember 2020-01-01 2020-12-31 0001425627 imle:CommonStockPurchasePlansMember imle:FourRelatedPartiesMember 2020-12-31 0001425627 imle:CommonStockPurchasePlansMember imle:TwoRelatedPartiesMember 2020-12-31 0001425627 imle:CommonStockPurchasePlansMember imle:TwoRelatedPartiesMember 2020-01-01 2020-12-31 0001425627 imle:CommonStockPurchasePlansMember imle:SixNonRelatedPartiesMember 2020-01-01 2020-12-31 0001425627 imle:HolderMember 2020-01-01 2020-12-31 0001425627 imle:HolderMember 2020-12-31 0001425627 imle:NewNonConvertibleNoteMember 2020-01-01 2020-12-31 0001425627 imle:NewNonConvertibleNoteMember 2020-12-31 0001425627 imle:CommercialBankMember imle:SBAPayrollProtectionLoanProgramMember 2020-11-26 2020-12-07 0001425627 imle:CommercialBankMember imle:SBAPayrollProtectionLoanProgramMember 2020-01-01 2020-12-31 0001425627 imle:CommercialBankMember imle:SBAPayrollProtectionLoanProgramMember 2020-04-22 2020-05-12 0001425627 imle:ConvertibleApaNoteMember 2020-06-01 2020-06-05 0001425627 imle:ConvertibleApaNoteMember 2019-12-31 0001425627 imle:ConvertibleApaNoteMember 2020-06-05 0001425627 imle:ConvertibleApaNoteMember 2020-01-01 2020-12-31 0001425627 imle:ConvertibleApaNoteMember 2020-11-15 0001425627 imle:ConvertibleApaNoteMember 2020-11-01 2020-11-15 0001425627 srt:MaximumMember 2020-01-01 2020-12-31 0001425627 srt:MinimumMember 2020-01-01 2020-12-31 0001425627 srt:MaximumMember 2020-12-31 0001425627 srt:MinimumMember 2020-12-31 0001425627 imle:NonRelatedPartyNotesPayableMember 2019-12-31 0001425627 imle:NonRelatedPartyNotesPayableMember 2020-12-31 0001425627 imle:RelatedPartyNotesPayableMember 2019-12-31 0001425627 imle:RelatedPartyNotesPayableMember 2020-12-31 0001425627 imle:DecemberThreeTwoThousandFourteenMember imle:LanphereLawGroupMember 2017-03-08 0001425627 imle:LanphereLawGroupMember imle:StockPurchasePlanOneMember 2020-01-01 2020-01-03 0001425627 imle:LanphereLawGroupMember imle:StockPurchasePlanOneMember 2019-01-01 2019-12-31 0001425627 imle:LanphereLawGroupMember imle:StockPurchasePlanOneMember 2020-01-01 2020-12-31 0001425627 imle:LanphereLawGroupMember imle:StockPurchasePlanOneMember 2015-06-25 2015-07-02 0001425627 imle:LanphereLawGroupMember imle:StockPurchasePlanOneMember 2014-12-03 0001425627 imle:LanphereLawGroupMember imle:StockPurchasePlanOneMember 2019-12-31 0001425627 imle:LanphereLawGroupMember imle:StockPurchasePlanOneMember 2020-01-03 0001425627 imle:LanphereLawGroupMember imle:StockPurchasePlanOneMember 2020-12-31 0001425627 imle:LanphereLawGroupMember imle:StockPurchasePlanOneMember 2015-07-01 0001425627 imle:LanphereLawGroupMember imle:StockPurchasePlanTwoMember 2020-01-03 0001425627 imle:LanphereLawGroupMember imle:StockPurchasePlanTwoMember 2020-01-01 2020-01-03 0001425627 imle:VemonJustusMember imle:StockPurchasePlanOneMember 2020-01-03 0001425627 imle:VemonJustusMember imle:StockPurchasePlanOneMember 2020-01-01 2020-01-03 0001425627 imle:LanphereLawGroupMember imle:StockPurchasePlanThreeMember 2020-01-16 0001425627 imle:LanphereLawGroupMember imle:StockPurchasePlanThreeMember 2020-01-01 2020-01-16 0001425627 imle:DevdattMishalMember imle:StockPurchasePlanOneMember 2020-01-30 0001425627 imle:DevdattMishalMember imle:StockPurchasePlanOneMember 2020-01-01 2020-01-30 0001425627 imle:PrakashGadgilMember imle:StockPurchasePlanOneMember 2020-03-23 0001425627 imle:PrakashGadgilMember imle:StockPurchasePlanOneMember 2020-03-01 2020-03-23 0001425627 imle:NickNocetiMember 2019-10-25 0001425627 imle:NickNocetiMember 2020-01-01 2020-12-31 0001425627 imle:NickNocetiMember 2019-10-01 2019-10-25 0001425627 imle:NickNocetiMember 2020-12-31 0001425627 imle:NickNocetiMember 2020-03-28 2020-04-06 0001425627 imle:CharlesBenningtonMember 2019-10-01 2019-10-25 0001425627 imle:CharlesBenningtonMember 2019-01-01 2019-12-31 0001425627 imle:CharlesBenningtonMember 2020-01-01 2020-12-31 0001425627 imle:CharlesBenningtonMember 2019-10-25 0001425627 imle:CharlesBenningtonMember 2020-04-07 0001425627 imle:CharlesBenningtonMember 2019-08-23 0001425627 imle:CharlesBenningtonMember 2020-03-28 2020-04-07 0001425627 imle:CharlesBenningtonMember 2019-08-01 2019-08-23 0001425627 imle:MichaelLanphereMember imle:StockPurchasePlanMember 2020-01-03 0001425627 imle:MichaelLanphereMember imle:StockPurchasePlanMember 2019-08-28 0001425627 imle:MichaelLanphereMember imle:StockPurchasePlanMember 2019-08-01 2019-08-23 0001425627 imle:MichaelLanphereMember imle:StockPurchasePlanMember 2020-03-28 2020-04-07 0001425627 imle:MichaelLanphereMember imle:StockPurchasePlanMember 2019-08-23 0001425627 imle:MichaelLanphereMember imle:StockPurchasePlanMember 2020-04-07 0001425627 imle:DevadattMishalMember imle:StockPurchasePlanMember 2019-08-28 0001425627 imle:DevadattMishalMember imle:StockPurchasePlanMember 2020-01-03 0001425627 imle:DevadattMishalMember imle:StockPurchasePlanMember 2020-03-28 2020-04-07 0001425627 imle:DevadattMishalMember imle:StockPurchasePlanMember 2019-08-23 0001425627 imle:DevadattMishalMember imle:StockPurchasePlanMember 2020-04-07 0001425627 imle:DevadattMishalMember imle:StockPurchasePlanMember 2019-08-01 2019-08-23 0001425627 imle:MichaelLanphereMember imle:ShareExchangeAgreementMember 2020-12-31 0001425627 imle:MichaelLanphereMember imle:ShareExchangeAgreementMember 2020-01-03 0001425627 imle:MichaelLanphereMember imle:ShareExchangeAgreementMember 2019-08-01 2019-08-23 0001425627 imle:VernonJustusMember imle:ShareExchangeAgreementMember 2019-08-23 0001425627 imle:VernonJustusMember imle:ShareExchangeAgreementMember 2020-01-03 0001425627 imle:VernonJustusMember imle:ShareExchangeAgreementMember 2019-08-01 2019-08-23 0001425627 imle:LanphereLawGroupMember imle:LeaseAgreementMember 2019-01-01 2019-12-31 0001425627 imle:LanphereLawGroupMember imle:LeaseAgreementMember 2020-01-01 2020-12-31 0001425627 imle:MrDavidGandiniMember imle:EmploymentAgreementMember 2019-10-25 0001425627 imle:MrDavidGandiniMember imle:EmploymentAgreementMember 2019-10-01 2019-10-25 0001425627 imle:MrDavidGandiniMember imle:EmploymentAgreementMember 2019-01-01 2019-10-31 0001425627 imle:MrDavidGandiniMember imle:EmploymentAgreementMember 2020-01-01 2020-12-31 0001425627 imle:MrDavidGandiniMember imle:EmploymentAgreementMember 2019-01-01 2019-12-31 0001425627 imle:MrDavidGandiniMember imle:EmploymentAgreementMember 2019-11-01 2019-12-31 0001425627 imle:KevinMooreMember 2019-01-01 2019-12-31 0001425627 imle:KevinMooreMember 2019-10-25 0001425627 imle:KevinMooreMember 2020-01-01 2020-12-31 0001425627 imle:KevinMooreMember 2019-10-01 2019-10-25 0001425627 imle:GaryGrahamMember 2020-01-01 2020-12-31 0001425627 imle:GaryGrahamMember 2019-10-01 2019-10-25 0001425627 imle:GaryGrahamMember 2019-10-25 0001425627 2017-03-08 0001425627 2014-12-01 2014-12-03 0001425627 2014-10-25 2014-11-01 0001425627 imle:IntellectualTechnologyMember 2020-12-31 0001425627 imle:IntellectualTechnologyMember 2020-01-01 2020-12-31 0001425627 us-gaap:PropertyPlantAndEquipmentMember 2020-01-01 2020-12-31 0001425627 imle:OfficeFurnitureAndEquipmentMember 2020-12-31 0001425627 imle:RoboticsAndTestingEquipmentMember 2020-12-31 0001425627 imle:TwoConsultingAgreementsMember 2020-01-01 2020-12-31 0001425627 imle:AssetPurchaseAgreementMember imle:IDTECMember 2020-12-31 0001425627 imle:AssetPurchaseAgreementMember imle:IDTECMember 2020-01-01 2020-12-31 0001425627 imle:AssetPurchaseAgreementMember imle:IDTECMember 2020-05-28 2020-06-05 0001425627 2020-05-28 2020-06-05 0001425627 2020-06-05 0001425627 imle:PrivateOfferingMember imle:JanuaryFifteenTwoThousandTwentyOneMember 2020-12-31 0001425627 imle:PrivateOfferingMember imle:JanuaryFifteenTwoThousandTwentyOneMember 2020-01-01 2020-12-31 0001425627 imle:AnnualMeetingOfShareholdersMember 2020-03-01 2020-03-23 0001425627 imle:AnnualMeetingOfShareholdersMember 2020-05-01 2020-05-21 0001425627 imle:AnnualMeetingOfShareholdersMember 2019-12-31 0001425627 imle:AnnualMeetingOfShareholdersMember 2020-03-23 0001425627 imle:AnnualMeetingOfShareholdersMember 2020-12-31 0001425627 imle:LevelThreeMember 2019-12-31 0001425627 imle:LevelThreeMember 2020-12-31 0001425627 imle:LevelTwoMember 2019-12-31 0001425627 imle:LevelTwoMember 2020-12-31 0001425627 imle:LevelOneMember 2019-12-31 0001425627 imle:LevelOneMember 2020-12-31 0001425627 imle:StockholdersDeficitSOBRSafeIncMember 2020-12-31 0001425627 us-gaap:NoncontrollingInterestMember 2020-12-31 0001425627 us-gaap:RetainedEarningsMember 2020-12-31 0001425627 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001425627 us-gaap:PreferredStockMember 2020-12-31 0001425627 us-gaap:CommonStockMember 2020-12-31 0001425627 imle:StockholdersDeficitSOBRSafeIncMember 2020-01-01 2020-12-31 0001425627 us-gaap:NoncontrollingInterestMember 2020-01-01 2020-12-31 0001425627 us-gaap:RetainedEarningsMember 2020-01-01 2020-12-31 0001425627 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-12-31 0001425627 us-gaap:PreferredStockMember 2020-01-01 2020-12-31 0001425627 us-gaap:CommonStockMember 2020-01-01 2020-12-31 0001425627 imle:StockholdersDeficitSOBRSafeIncMember 2019-12-31 0001425627 us-gaap:NoncontrollingInterestMember 2019-12-31 0001425627 us-gaap:RetainedEarningsMember 2019-12-31 0001425627 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001425627 us-gaap:PreferredStockMember 2019-12-31 0001425627 us-gaap:CommonStockMember 2019-12-31 0001425627 imle:StockholdersDeficitSOBRSafeIncMember 2019-01-01 2019-12-31 0001425627 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-12-31 0001425627 us-gaap:RetainedEarningsMember 2019-01-01 2019-12-31 0001425627 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-12-31 0001425627 us-gaap:PreferredStockMember 2019-01-01 2019-12-31 0001425627 us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001425627 2018-12-31 0001425627 imle:StockholdersDeficitSOBRSafeIncMember 2018-12-31 0001425627 us-gaap:NoncontrollingInterestMember 2018-12-31 0001425627 us-gaap:RetainedEarningsMember 2018-12-31 0001425627 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001425627 us-gaap:PreferredStockMember 2018-12-31 0001425627 us-gaap:CommonStockMember 2018-12-31 0001425627 2019-01-01 2019-12-31 0001425627 imle:SeriesAOneConvertiblePreferredstockMember 2019-12-31 0001425627 imle:SeriesAOneConvertiblePreferredstockMember 2020-12-31 0001425627 imle:SeriesAConvertiblePreferredStockMember 2019-12-31 0001425627 imle:SeriesAConvertiblePreferredStockMember 2020-12-31 0001425627 2019-12-31 0001425627 2020-12-31 0001425627 2021-03-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure 0001425627 2020-06-30 SOBR Safe, Inc. 0001425627 10-K false No --12-31 No true false false Yes 2020-12-31 Non-accelerated Filer FY 2020 25965203 13497633 true false Yes 232842 681759 115230 9054 348072 690813 3629821 0 8680 0 3986573 690813 101308 213880 313032 419836 134444 674041 28624 905443 0 60650 253688 79624 0 1000000 11810 760886 104183 169574 947089 4283934 947089 4283934 0 0 0 0 0 0 260 65 52693974 15971392 -49601220 -19511168 3093014 -3539711 -53530 -53410 3039484 -3593121 3986573 690813 8656 8656 0.00001 0.00001 100000000 100000000 6452993 25922034 6452993 25922034 0.00001 0.00001 0.00001 0.00001 0.00001 0.00001 19300000 19300000 3000000 3000000 2700000 2700000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 632426 232178 273443 44082 1370681 498246 633050 12787 2909600 787293 -2909600 -787293 224166 0 39434 0 60650 4150 141512 457505 1407675 11509 25320555 0 -27072692 -464864 -29982292 -1252157 0 0 0 0 -29982292 -1252157 120 3125 -29982172 -1249032 -107880 0 -30090052 -1249032 -1.95 -0.23 15399208 5081122 3510255 1388575 35 14 14888941 -18262136 -50285 -3373146 -3423431 1065982 11 0 38989 0 0 39000 39000 420926 4 0 59496 0 0 59500 59500 1038339 11 0 146763 0 0 146774 146774 417491 -1388575 4 -14 -1329550 0 0 -1329560 -1329560 0 0 160544 0 0 160544 160544 0 0 71655 0 0 71655 71655 0 0 23912 0 0 23912 23912 0 0 535500 0 0 535500 535500 0 0 39992 0 0 39992 39992 0 0 1329561 0 0 1329561 1329561 0 0 5589 0 0 5589 5589 0 0 0 -1249032 -3125 -1249032 6452993 65 0 15971392 -19511168 -53410 -3539711 1025 0 0 20800 0 0 20800 20800 72159 1 0 76479 0 0 76480 76480 454097 4 0 65724 0 0 65728 65728 12000000 120 0 27119880 0 0 27120000 27120000 159395 2 0 265675 0 0 265677 265677 260150 3 0 579811 0 0 579814 579814 648739 6 0 826958 0 0 826964 826964 70448 1 0 166525 0 0 166526 166526 3103028 31 0 1551483 0 0 1551514 1551514 2700000 -2700000 27 -27 0 0 0 0 0 2700000 0 27 2699973 0 0 2700000 2700000 0 0 239476 0 0 239476 239476 0 0 915124 0 0 915124 915124 0 0 272299 0 0 272299 272299 0 0 124291 0 0 124291 124291 0 0 390409 0 0 390409 390409 0 0 1407675 0 0 1407675 1407675 0 0 0 -107880 0 -107880 -107880 0 0 0 -29982172 -120 -29982172 25922034 260 0 52693974 -49601220 -53530 3093014 232194 0 224166 0 -60650 -4150 0 64800 8656 5920 1407675 5589 219670 159961 239478 95567 54283 44082 3515 3937 -8680 0 113158 22166 -4666 -1165 26677 160772 -24706 72369 0 78353 -2191533 -543956 951 0 0 186626 41665 0 0 39000 1700000 1000000 1741665 1225626 -448917 681670 681759 89 232842 122162 0 29222955 265677 0 579814 59500 272299 575492 2378478 0 65728 0 124291 0 166526 0 1000000 0 76480 0 0 1329561 107880 0 0 64800 1407501 5589 0 95567 0 160544 0 146774 1979 3750 0 0 <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">SOBR Safe, Inc. (&#8220;SOBR Safe&#8221;), formerly TransBiotec, Inc., was incorporated as Imagine Media, Ltd. in August, 2007 in the State of Delaware. A corporation also named TransBiotec, Inc. (&#8220;TransBiotec &#8211; CA&#8221;) was formed in the state of California July 4, 2004. Effective September 19, 2011 SOBR Safe was acquired by TransBiotec - CA in a transaction classified as a reverse acquisition as the shareholders of TransBiotec - CA retained the majority of the outstanding common stock of SOBR Safe after the share exchange. The&nbsp;consolidated financial statements represent the activity of TransBiotec - CA from July 4, 2004 forward, and the consolidated activity of SOBR Safe and TransBiotec - CA from September 19, 2011 forward. SOBR Safe and TransBiotec - CA are hereinafter referred to collectively as the &#8220;Company&#8221; or &#8220;We&#8221;. The Company has developed and plans to market and sell a non-invasive alcohol sensing system which includes an ignition interlock. The Company has not generated any revenues from its operations. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On March 23, 2020, the Company filed a Definitive 14-C providing notice that the Board of Directors has recommended, and that holders of a majority of the voting power of the Company&#8217;s outstanding stock voted, to approve the following. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;text-align:justify;margin-left:auto;margin-right:auto;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="width:4%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:4%;vertical-align:top;"> <p style="margin:0px">1. </p></td> <td style="vertical-align:top;"> <p style="margin:0px">To remove and re-elect four (4) directors to serve until the next Annual Meeting of Shareholders and thereafter until their successors are elected and qualified; and </p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="margin:0px">2. </p></td> <td style="vertical-align:top;"> <p style="margin:0px">To approve an amendment to the Company&#8217;s Certificate of Incorporation to: (a) change the Company&#8217;s name to SOBR SAFE, Inc., (b) decrease the Company&#8217;s authorized common stock from 800,000,000 shares, par value $0.00001 to 100,000,000 shares, par value $0.00001, and (c) effect a reverse stock split of the Company&#8217;s outstanding common stock at a ratio between 1-for-32 and 1-for-35 (with the exact ratio to be determined by the directors in their sole discretion without further approval by the shareholders). </p></td></tr></table> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The above actions taken by the Company&#8217;s stockholders became effective on or about May 21, 2020. The effective dates of the above actions were June 5, 2020 and April 20, 2020, respectively, and the actual reverse stock split ratio was 1-for-33.26. All share and per share amounts have been adjusted in these consolidated financial statements to reflect the effect of the reverse stock split.&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Basis of Presentation</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The accompanying audited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (&#8220;GAAP&#8221;) as promulgated in the United States of America and pursuant to the rules and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;) for the presentation of annual financial information.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In management&#8217;s opinion, the audited consolidated financial statements reflect all adjustments (including reclassifications and normal recurring adjustments) necessary to present fairly the financial position for the years ended December 31, 2020 and December 31, 2019, and results of operations and cash flows for the years ended December 31, 2020 and December 31, 2019.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Principles of Consolidation</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The accompanying audited consolidated financial statements include the accounts of the Company and its majority owned subsidiary, TransBiotec-CA. We have eliminated all intercompany transactions and balances between entities consolidated in these audited financial statements.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp;</p> Use of Estimates <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of audited consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&nbsp; Specifically, such estimates were made by the Company for the valuation of the derivative liabilities, beneficial conversion feature expenses and intellectual technology. Actual results could differ from those estimates.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Financial Instruments&nbsp;</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Pursuant to &nbsp;Accounting Standards Codification (&#8220;ASC&#8221;) Topic 820,&nbsp;<em>Fair Value Measurements and Disclosures</em>&nbsp;and ASC 825,&nbsp;<em>Financial Instruments</em>, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 and 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument&#8217;s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 and 825 prioritizes the inputs into three levels that may be used to measure fair value:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Level&nbsp;</em>1</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Level&nbsp;</em>2</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets: quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Level 3</em></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company&#8217;s financial instruments consist primarily of cash, accounts payable, accrued expenses, accrued interest payable, &nbsp;related party payables, notes payable, convertible debentures, and other liabilities. Pursuant to ASC 820 and 825, the fair value of our derivative liabilities is determined based on &#8220;Level 3&#8221; inputs. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The following table presents assets and liabilities that are measured and recognized at fair value as of December 31, 2020 and December 31, 2019: </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="vertical-align:bottom;"> <p style="margin:0px"><strong>December 31, 2020</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" colspan="2" style="width:9%;"></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" colspan="2" style="width:9%;"></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" colspan="2" style="width:9%;"></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" colspan="2" style="width:9%;"></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" colspan="2" style="width:9%;"></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" colspan="2" style="width:9%;"></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liabilities</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="vertical-align:top;"> <p style="margin:0px"><strong>December 31, 2019</strong></p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: #000000 1px solid;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: #000000 1px solid;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: #000000 1px solid;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liabilities</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">60,650</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px"><u>Cash</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. The Company does not have any cash equivalents as of December 31, 2020 and December 31, 2019.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Prepaid Expenses</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Amounts incurred in advance of contractual performance or coverage periods are recorded as prepaid assets and recognized as expense in the period service or coverage is provided.&nbsp;&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Beneficial Conversion Features</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">From time to time, the Company may issue convertible notes that may contain a beneficial conversion feature. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of the warrants, if related warrants have been granted. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid-in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Derivative Instruments</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instruments are initially recorded at their fair values and are then re-valued at each reporting date, with changes in the fair value reported in the consolidated statements of operations under other income (expense). The accounting treatment of derivative financial instruments requires that the Company record the embedded conversion option at its fair value as of the inception date of the agreement and at fair value as of each subsequent balance sheet date. Any change in fair value is recorded as non-operating, non-cash income or expense for each reporting period at each balance sheet date. If the classification changes as a result of events during the period, the contract is reclassified as of the date of the event that caused the reclassification. As a result of entering into warrant agreements, for which such instruments contained a variable conversion feature with no floor, the Company has adopted a sequencing policy in accordance with ASC 815-40-35-12 whereby all future instruments may be classified as a derivative liability with the exception of instruments related to share-based compensation issued to employees or directors. For stock-based derivative financial instruments, the Company uses a Monte Carlo Simulation model to value the derivative instruments at inception and on subsequent valuation dates. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Preferred Stock</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">We apply the guidance enumerated in ASC 480 &#8220;Distinguishing Liabilities from Equity&#8221; when determining the classification and measurement of preferred stock. Preferred shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. We classify conditionally redeemable preferred shares (if any), which includes preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control, as temporary equity. At all other times, we classified our preferred shares in stockholders&#8217; equity.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Minority Interest (Noncontrolling Interest)</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">A subsidiary of the Company has minority members representing ownership interests of 1.38% at December 31, 2020 and December 31, 2019. The Company accounts for these minority, or noncontrolling interests, pursuant to ASC 810-10-65 whereby gains and losses in a subsidiary with a noncontrolling interest are allocated to the noncontrolling interest based on the ownership percentage of the noncontrolling interest, even if that allocation results in a deficit noncontrolling interest balance.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px"><u>Stock-based Compensation</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company follows the guidance of the accounting provisions of ASC 718 &#8220;Share-based Compensation&#8221;, which requires the use of the fair-value based method to determine compensation for all arrangements under which employees and others receive shares of stock or equity instruments (warrants and options). The fair value of each option award is estimated on the date of grant using the Black-Scholes options pricing model that uses assumptions for expected volatility, expected dividends, expected term, and the risk-free interest rate. The Company has not paid dividends historically and does not expect to pay them in the future. Expected volatilities are based on weighted averages of the historical volatility of the Company&#8217;s common stock estimated over the expected term of the options. The expected term of options granted is derived using the &#8220;simplified method&#8221; which computes expected term as the average of the sum of the vesting term plus the contract term as historically the Company had limited activity surrounding its options. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the period of the expected term.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Research and Development</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company accounts for its research and development costs pursuant to ASC 730, whereby it requires the Company to disclose the amounts of costs for company and customer-sponsored research and development activities, if material. Research and development costs are expensed as incurred. The Company incurred research and development costs as it acquired new knowledge to bring about significant improvements in the functionality and design of its SOBR product. Research and development costs were $633,050 and $12,787 during the years ended December 31, 2020 and December 31, 2019, respectively.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Advertising and Marketing Costs</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Advertising and marketing costs are charged to operations as incurred.&nbsp; Advertising and marketing costs were $96,637 and $3,724 during the years ended December 31, 2020 and December 31, 2019, respectively. &nbsp;&nbsp;&nbsp;&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Income Tax</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company has a deferred tax asset of approximately $2,830,000 and $1,832,000 that is offset by a 100% valuation allowance at December 31, 2020 and December 31, 2019, respectively. Therefore, the Company has not recorded any deferred tax assets or liabilities at December 31, 2020 and December 31, 2019.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Net Loss Per Share</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period.&nbsp; Diluted &nbsp;loss per share gives the effect to all dilutive potential common shares outstanding during the period, &nbsp;including stock options, warrants and convertible instruments.&nbsp; Diluted net loss per share excludes all potentially issuable shares if their effect is anti-dilutive.&nbsp; Because the effect of the Company&#8217;s dilutive securities is anti-dilutive, diluted net loss per share is the same as basic loss per share for the periods presented.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Concentration of Credit Risk</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain financial instruments potentially subject the Company to concentrations of credit risk. Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Cash held in operating accounts may exceed the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;), insurance limits. Accounts at each institution are insured by the FDIC up to $250,000. While the Company monitors cash balances in our operating accounts on a regular basis and adjust the balances as appropriate, these balances could be impacted if the underlying financial institutions fail. To date, the Company has experienced no loss or lack of access to our cash; however, the Company can provide no assurances that access to our cash will not be impacted by adverse conditions in the financial markets. At December 31, 2020 and December 31, 2019, the Company had $0 and $431,759 in excess of the FDIC insured limit, respectively.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px"><u>Related Parties</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Related parties are any entities or individuals that, through employment, ownership or other means, possess the ability to direct or cause the direction of the management and policies of the Company.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>New Pronouncements</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In December 2019, the FASB issued ASU No. 2019-12, <em>Simplifying the Accounting for Income Taxes</em> (&#8220;ASU 2019-12&#8221;), which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, <em>Income Taxes</em>,<em> </em>and clarifies certain aspects of the current guidance to promote consistency among reporting entities. ASU 2019-12 is effective for fiscal years beginning after December 15, 2021. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The Company is evaluating the effects, if any, of the adoption of ASU 2019-12 guidance on the Company's financial position, results of operations and cash flows.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In August 2020, the FASB issued ASU No. 2020-06, <em>Debt&#8212;Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging&#8212;Contracts in Entity&#8217;s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity&#8217;s Own Equity, </em>which address issues identified as a result of the complexity associated with applying generally accepted accounting principles for certain financial instruments with characteristics of liabilities and equity.&nbsp; This amendment is effective for public business entities that meet the definition of a SEC filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company is evaluating the effects, if any, of the adoption of ASU 2020-06 guidance on the Company's financial position, results of operations and cash flows.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In October 2020, the FASB issued ASU No. 2020-08, <em>Codification Improvements to Subtopic 310-20, Receivables-Nonrefundable Fees and Other Costs, </em>amendments the guidance in ASU No. 2017-08, (Subtopic 310-20): <em>Premium Amortization on Purchased Callable Debt Securities</em>, which addresses multiple call dates of a callable debt security.&nbsp; This amendment is effective for public business entities, for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early application is not permitted.&nbsp; The Company is evaluating the effects, if any, of the adoption of ASU 2020-08 guidance on the Company's financial position, results of operations and cash flows.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has incurred recurring losses from operations and has limited cash liquidity and capital resources. Future capital requirements will depend on many factors, including the Company&#8217;s ability to develop products, cash flow from operations, and competing market developments. The Company will need additional capital in the near future. Sources of debt financing may result in high interest expense. Any financing, if available, may be on unfavorable terms. If adequate funds are not obtained, we will be required to reduce or curtail operations.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of December 31, 2020, the Company has an accumulated deficit of approximately $50,000,000. During the year ended December 31, 2020, the Company also experienced negative cash flows from operating activities of approximately $2,200,000. It appears these principal conditions or events, considered in the aggregate, indicate it is probable that the Company will be unable to meet its obligations as they become due within one year after the date the financial statements are issued. As such, there is substantial doubt about the entity&#8217;s ability to continue as a going concern. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has identified factors that mitigate the probable conditions that have raised substantial doubt about the entity&#8217;s ability to continue as a going concern.&nbsp; On January 15, 2021, the Company initiated a Private Offering (the &#8220;Offering&#8221;) of up to 40 Units ($2,000,000) with each Unit consisting of one $50,000 principal amount secured convertible debenture, convertible at $3.00 per share, and a Warrant to purchase 25,000 shares of the Company&#8217;s common stock at $3.00 per share.&nbsp; The Secured Debentures carry interest at 12% and mature 24 months after issuance. The Warrants are exercisable six months after issuance and expire 24 months after issuance .&nbsp; The Offering will be made on a continuous basis until March 31, 2021, which may be extended one-time by our Board of Directors until April 30, 2021 (the &#8220;Termination Date&#8221;), unless earlier terminated or canceled. There will be no closing of the Offering until a minimum of $500,000 is raised. After an initial closing is held, offers to purchase Units will be aggregated for subsequent closings to be held on a monthly basis until the maximum of $2,000,000 has been raised or until the Termination Date, whichever is earlier.&nbsp; The Offering may be canceled by the Company at any time and will in any event be canceled if no closing has occurred before the Termination Date.&nbsp; As of the date of this report the Company has received $1,100,000 of the Offering amount.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">We will need additional funds beyond the money raised in this Offering, even if the maximum Offering is met.&nbsp; As a result, we are planning on additional financings in the future. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On January 30, 2020, the World Health Organization (&#8220;WHO&#8221;) announced a global health emergency because of a new strain of coronavirus originating in Wuhan, China (the &#8220;COVID-19 outbreak&#8221;) and the risks to the international community as the virus spreads globally beyond its point of origin. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic, based on the rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. Management is actively monitoring the global situation on its financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, the Company is not able to estimate the effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity for fiscal year 2021. However, if the pandemic continues, it may have a adverse effect on the Company&#8217;s results of future operations, financial position, and liquidity in fiscal year 2021.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Management believes actions presently being taken to obtain additional funding provide the opportunity for the Company to continue as a going concern; however, these plans are contingent upon actions to be performed by the Company and these conditions have not been met on or before December 31, 2020. Additionally, the COVID-19 outbreak could have a continued material adverse impact on economic and market conditions and trigger a period of global economic slowdown, which would impair the Company&#8217;s ability to raise needed funds to continue as a going concern. As such, substantial doubt about the entity&#8217;s ability to continue as a going concern was not alleviated as of December 31, 2020.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On June 5, 2020, the Company completed a transaction (the &#8220;Transaction&#8221;) with IDTEC subject to the terms and conditions of the APA and that was accounted for as an asset purchase. Pursuant to the APA, IDTEC provided personnel, experience, and access to funding to assist with the development of the SOBR device, as well as sold to us certain robotics assets, which our management believes are synergistic with our current assets, in exchange for 12,000,000 shares of our common stock after giving effect to the reverse stock split effected in connection with closing the Transaction. The closing of the Transaction was subject to several conditions precedent, primarily: (i) the Company had to be current in reporting requirements under the Securities Exchange Act of 1934, as amended, (ii) had to complete a reverse stock split of common stock such that approximately 8,000,000 shares were outstanding immediately prior to closing the transaction, (iii) could only have outstanding convertible instruments as set forth in the APA, (iv) authorized common stock had to be reduced to 100,000,000 shares, and (v) not have more than approximately $125,000 in current liabilities. Effective with the closing of the Transaction all of the closing conditions had been met, modified or waived by IDTEC, and the Company issued the 12,000,000 shares to IDTEC. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp; &nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In advance of closing the Transaction, IDTEC and a few other affiliated parties voluntarily committed personnel and funds to the Company to assist with (i) general costs related to the Transaction, (ii) ongoing operating expenses and pay for further engineering and development work on the Company&#8217;s products and prototypes, (iii) protect, maintain and develop the Company&#8217;s products and intellectual property, (iv) hire, pay and retain the proposed management team, third party consultants and advisors for the Company following the consummation of the sale contemplated in the APA and, (v) take such further actions as are necessary to more quickly expand the Company&#8217;s business subsequent to the sale of the purchased assets. The parties agreed that the funds advanced directly to the Company&#8217;s vendors were voluntary and were not the obligation of the Company and the Company had no obligation to repay these funds in the event the transaction contemplated by the APA did not close. In the event the Transaction did close, then on the closing date, the Company would issue promissory notes for the aggregate amounts incurred, paid or advanced. As a result of closing the Transaction, the Company issued a convertible promissory note for all the funds spent or advanced by IDTEC prior to closing. This note totaled $1,485,189 (the &#8220;APA Note&#8221;), with simple interest at 10% per annum, due upon demand, and may be convertible into shares of common stock at $0.50 per share (after giving effect to the reverse stock split and subject to anti-dilution protection against any future securities we may issue at an effective price of less than $0.50 per share) at the discretion of the holder. The repayment of APA Note is secured by a first priority security lien or security interest in the patents, trademarks, tradenames, and other intellectual property of the Company.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">At closing, some of the closing conditions under the APA were either waived and/or modified by the parties. In order to document those modifications and waivers, we entered into a Waiver Under Asset Purchase Agreement and Post-Closing Covenant Agreement with IDTEC. One of the closing conditions that was the subject of the Waiver Under Asset Purchase Agreement and Post-Closing Covenant Agreement was the requirement that the Company have under $125,000 in permitted liabilities (not including aged liabilities) after closing of the Transaction. At closing we had approximately $158,000 in non-permitted liabilities under the APA. As a result, the Company issued a Warrant to Purchase Common Stock to IDTEC (the &#8220;Warrant&#8221;), under which IDTEC will purchase up to 320,000 shares of our common stock (post-split) at an exercise price of $0.50 per share, if either (i) we are forced to pay a non-permitted liability, then we may force IDTEC to exercise the Warrant and pay the exercise price to pay the non-permitted liability, but only in an amount sufficient to pay the non-permitted liability, or (ii) if IDTEC otherwise elects to exercise the Warrant and acquire some or all of the shares underlying the Warrant. The Warrant expires five years after the date of issuance.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Transaction recorded as an asset purchase was valued at $29,222,955, which consists of the market price as of June 5, 2020 of the Company&#8217;s 12,000,000 shares of common stock issued totaling $27,120,000, the funds spent by IDTEC and affiliates prior to closing of $1,407,051 and the fair value of the Warrant issued of $695,454.&nbsp; In determining the fair value of the intangible assets, the Company considered, among other factors, the best use of acquired assets such as the analysis of historical financial performance of the products and estimates of future performance of the products and intellectual properties acquired. The &nbsp;allocation to identifiable intangible assets required extensive use of financial information and management's best estimate of fair value. &nbsp;&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The following summarizes the transaction closing with IDTEC on June 5, 2020:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Property and equipment</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">47,725</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Intangible assets</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">29,175,230</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Total assets</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">29,222,955</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net purchase (fair value of stock issued, warrants and notes payable)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">29,222,955</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Subsequent to the Transaction closing, the Company evaluated the fair value of the assets acquired&nbsp; 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. Based on the assessment of fair value, the Company recognized an asset impairment loss of $25,320,555 resulting from the APA during the year ended December 31, 2020. The impairment was due to the increase of the Company's stock price value. The stock price of the Company at closing of the Transaction was significantly higher than expected from the stock price of the Company when the Company signed the APA. The number of shares to be given to IDTEC as consideration for the Transaction would not get updated for any stock price changes.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Prepaid expenses consist of the following:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong> </p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Insurance</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">3,370</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Consulting services</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">111,860</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">7,343</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Other prepaid expenses</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,711</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Prepaid expenses</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">115,230</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">9,054</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp; &nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During 2020, the Company entered into two consulting agreements for marketing services. The Company has to issue a total of 87,500 of its common shares valued at $142,714 under the terms of the agreements.&nbsp; As of December 31, 2020, the share value is included in common stock subscriptions payable as the shares had not been issued.&nbsp; Stock- based compensation expense for the year ended December 31, 2020 includes approximately $33,000 for these service agreements.&nbsp; </p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">Property and equipment, net consists of the following:</p> <p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">&nbsp;</p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="margin:0px">&nbsp;<strong>December 31, </strong></p> <p style="margin:0px"><strong>&nbsp;2020</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="text-align:justify;margin:0px">Robotics and testing equipment&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: black 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">46,200</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="text-align:justify;margin:0px">Office furniture and equipment </p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,525</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">47,725</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="text-align:justify;margin:0px">Accumulated depreciation </p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(7,340</td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="text-align:justify;margin:0px">Net property and equipment disposed </p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">(40,385</td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="text-align:justify;margin:0px">Property and equipment, net </p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: black 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: black 3px double;width:9%;vertical-align:bottom;text-align:right;">0</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">Depreciation is computed on a straight-line basis over the assets estimated useful lives of three years. Depreciation for the years ended December 31, 2020 and 2019 was $7,340 and none, respectively.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Intangible assets consist of the following at December 31, 2020:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;">&nbsp;<strong>Gross Carrying</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Amount&nbsp;</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;Accumulated</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Amortization&nbsp;&nbsp;&nbsp;</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;Net Intangible</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Asset&nbsp;</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;Amortization Period</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>(in years)</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="vertical-align:top;"> <p style="margin:0px">SOBR Safe</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Intellectual Technology</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">3,854,675</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">224,854</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">3,629,821</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">10</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Amortization expense for the years ended December 31, 2020 and 2019 was $224,854 and none, respectively. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Estimated future amortization expense for device technology intangible assets is as follows:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2021</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;2022&nbsp;</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;2023</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp; 2024</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;2025</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;Thereafter</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:14%;"> <p style="MARGIN: 0px; text-align:right;">385,467</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:14%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">385,467</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:14%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">385,467</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:14%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">385,467</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:14%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">385,467</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:13%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,702,486</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On December 3, 2014, Lanphere Law Group, a related party and&nbsp;shareholder, entered into an agreement with the Company to convert 50% of its outstanding accounts payable of $428,668 to a note payable. This note payable represents one half of the balance in the amount of $214,334 of legal fees and costs owed up until October 31, 2014. This agreement further provided that the remaining 50% of unpaid legal fees in accounts payable were to be paid and retained as a current payable. In addition, 50% of the legal fees and costs incurred beginning with the legal services provided to the Company on November 1, 2014 are to be converted on a monthly basis to common stock at a price of $0.09 per share until the accounts payable balance for legal fees is paid current. The Company has recorded to equity, a total related party gain connected to these conversions during the years ended December 31, 2020 and 2019 of none and $22,585, respectively. The Company converted the remaining payables to common stock through a separate agreement and there are no more payables to convert as of December 31, 2020. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On July 1, 2015, the Company amended the December 3, 2014 note payable agreement with Lanphere Law Group, which forgave $108,000 of the note payable&#8217;s principal balance. This debt forgiveness decreased the original principal balance on the note of $214,334 to a new principal balance of $106,335, and a related party gain of $108,000 was recorded to additional paid-in capital. This amendment also extended the note payable&#8217;s due date to December 2, 2015. The note was converted to common stock during the year ended December 31, 2020. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On March 8, 2017, Lanphere Law Group irrevocably elected to exercise warrants in order to acquire 969,601 shares of the Company&#8217;s common stock in exchange for an aggregate exercise price of $112,871, which was used for the deduction of $74,672 of principal and $38,199 of accrued interest related to the December 3, 2014 note payable agreement with Lanphere Law Group. The forgiveness of the note payable principal of $74,672 was recorded to equity and the $38,199 of related accrued interest was also recorded to equity. The principal balance of the note after the debt deduction was $31,662. On January 3, 2020, the note payable principal balance of $31,662 was converted to 9,520 common shares at a per share price of $3.326. As of December 31, 2020 and December 31, 2019, the principal balance of this note was none and $31,662, respectively. As of December 31, 2020 and December 31, 2019, the accrued interest on this note was none and $9,508, respectively. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Due to cash flow constraints, the Company experienced difficulty in compensating its directors for their service in their capacity as directors; therefore, such directors may receive stock options to purchase common shares as awarded by its Board of Directors or (as to future stock options) a compensation committee which may be established. Directors are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection with business related travel and attendance at meetings of its Board of Directors. The Company&#8217;s Board of Directors may award special remuneration to any director undertaking any special services on our behalf other than services ordinarily required of a director. On August 23, 2019, the Company entered into a Common Stock Purchase Agreement (the &#8220;Bennington SPA&#8221;) with Charles Bennington, one of the Company&#8217;s directors, under which the Company agreed to issue 420,926 shares of its common stock in exchange for Mr. Bennington forgiving $595,000 in accrued compensation and services due. The Company also recorded a related party gain on the conversion of executive compensation to common shares of $535,500 that was accounted for as additional paid-in capital. The common shares were issued on or about August 28, 2019 at a per-share purchase price of $1.4135 per share. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On August 23, 2019, the Company entered into a Debt Conversion and Common Stock Purchase Plan (the &#8220;Lanphere SPA&#8221;) with Michael Lanphere, a beneficial owner of the Company, under which the Company agreed to issue 643,438 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Lanphere under numerous promissory notes. Mr. Lanphere&#8217;s option to acquire the shares was under the terms of certain Loan Agreement with Promissory Note and Stock Fees agreements entered into with the Company and Mr. Lanphere. The amount of the debt reduction and, therefore the purchase price of the shares, was $96,303 which was used for the deduction of related party notes payable principal of $77,927 and accrued interest of $18,376. The Company recognized a related party gain of $5,350 and accounted for it as additional paid-in capital. The common shares were issued on or about August 28, 2019 at an effective conversion price of $0.1497 per share. After this exercise, Lanphere Law Group owned warrants to acquire an additional 454,097 shares of our common stock, which were subsequently exercised during 2020.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp; &nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On August 23, 2019, the Company entered into a Debt Conversion and Common Stock Purchase Plan (the &#8220;Mishal SPA&#8221;) with Devadatt Mishal, one of the Company&#8217;s &nbsp;former directors and current shareholder, under which the Company agreed to issue 394,901 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Mishal under numerous promissory notes. Mr. Mishal&#8217;s option to acquire the shares was under the terms of certain Loan Agreement with Promissory Note and Stock Fees agreements entered into with the Company and Mr. Mishal. The amount of the debt reduction and, therefore the purchase price of the shares, was $56,478 which was used for the deduction of related party notes payable principal of $45,000 and accrued interest of $11,478. The Company recognized a related party gain of $657 and accounted for it as additional paid-in capital. The common shares were issued on or about August 28, 2019 at an effective conversion price of $0.1430 per share. After this exercise, Devadatt Mishal owns no warrants to acquire additional shares of our common stock.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On August 23, 2019, the Company entered, into a Share Exchange Agreement (the &#8220;Lanphere SEA&#8221;) with Michael Lanphere, a beneficial owner of the Company under which the Company agreed to issue 156,537 shares of its common stock in exchange for 520,643 shares of the Company&#8217;s Series A Convertible Preferred Stock owned by Mr. Lanphere. The Series A Convertible Preferred Stock were exchanged for the Company&#8217;s common shares at a price of $3.326 per share. The fair value of the common shares was $22,127. Per ASC 470-50-40-2, debt modification and extinguishment transactions between related parties are in essence a capital contribution from a related party. As a result, rather than recording a gain on extinguishment of debt, the Company recorded $498,516 to additional paid-in capital.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On August 23, 2019, the Company entered into a Share Exchange Agreement (the &#8220;Justus SEA&#8221;) with Vernon Justus, a shareholder, under which the Company agreed to issue 260,954 shares of its common stock in exchange for 867,932 shares of the Company&#8217;s Series A Convertible Preferred Stock owned by Mr. Justus. The Series A Convertible Preferred Stock were exchanged for the Company&#8217;s common shares at a price of $3.326 per share. The fair value of the common shares was $36,887. Per ASC 470-50-40-2, debt modification and extinguishment transactions between related parties are in essence a capital contribution from a related party. As a result, rather than recording a gain on extinguishment of debt, the Company recorded $831,045 to additional paid-in capital.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company entered into a lease agreement with Lanphere Law Group, a related party and shareholder, whereas the Company was the tenant and paying monthly rent of $4,100. The term of this operating lease ran from July 1, 2015 to June 30, 2019. From July 1, 2019 through December 31, 2019, the Company leased the same office space on a month to month basis. Rent expense, including CAM charges, for the years ended December 31, 2020 and 2019 of none and $39,315, respectively, was accounted for as general and administrative expense.&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On October 25, 2019, the Company granted Charles Bennington, one of the Company&#8217;s directors, an option to acquire 24,053 shares of the Company&#8217;s common stock under the Company&#8217;s 2019 Equity Incentive Plan. The stock option has an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with option vesting quarterly over a one-year period commencing January 1, 2020. The stock option has a five-year term. The issuance of the stock option was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, due to the fact Mr. Bennington is one of the Company&#8217;s &nbsp;directors, is a sophisticated investor and familiar with our operations. &nbsp;None of Mr. Bennington&#8217;s common stock options vested, and therefore none were expensed during the year ended December 31, 2019. For the year ended December 31, 2020, stock option expense for the options vested was $4,592.&nbsp; No vested options were exercised as of December 31, 2020.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On October 25, 2019, the Company granted Nick Noceti, the Company&#8217;s former Chief Financial Officer, an option to acquire 24,053 shares of our common stock under our 2019 Equity Incentive Plan. The stock option has an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with option vesting quarterly over a two-year period commencing January 1, 2020. The stock option has a five-year term. The issuance of the stock option was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, due to the fact Mr. Noceti was at that time the Company&#8217;s Chief Financial Officer, is a sophisticated investor and familiar with our operations. None of Mr. Noceti&#8217;s common stock options vested, and therefore none were expensed during the year ended December 31, 2019.&nbsp; For the year ended December 31, 2020, stock option expense for the options vested was $2,271.&nbsp; No vested options were exercised as of December 31, 2020.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp;&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;On October 25, 2019, the Company granted Gary Graham, one of the Company&#8217;s former directors and current beneficial owner of the Company, an option to acquire 24,053 shares of our common stock under our 2019 Equity Incentive Plan. The stock option has an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with option vesting quarterly over a one-year period commencing January 1, 2020. The stock option has a five-year term. The issuance of the stock option was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, due to the fact Mr. Graham had been consulting with the Company for more than one year at the time of grant, is a sophisticated investor and familiar with our operations. None of Mr. Graham&#8217;s common stock options vested, and therefore none were expensed during the year ended December 31, 2019.&nbsp; For the year ended December 31, 2020, stock option expense for the options vested was $4,592.&nbsp; No vested options were exercised as of December 31, 2020.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On October 25, 2019, the Company entered into an Employment Agreement with Mr. Kevin Moore to serve as the Company&#8217;s Chief Executive Officer (the &#8220;Moore Agreement&#8221;). Under the terms of the Moore Agreement, Mr. Moore will perform services for the Company that are customary and usual for a chief executive officer of a company, in exchange for: (i) 24,053 shares of our common stock per month until the IDTEC Transaction closes, (ii) thereafter, an annual base salary of $213,000, (iii) sales bonuses based on the Company&#8217;s sales, and (iv) incentive stock options under the Company&#8217;s 2019 Equity Compensation Plan to acquire 1,058,329 shares of our common stock, at an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 29,398 shares during the three-year term of the Moore Agreement. The stock options have a ten-year term. 58,796 of these common stock option shares, valued at $14,080, were vested and expensed at December 31, 2019. No shares have been issued to Mr. Moore as of December 31, 2019.&nbsp; &nbsp;For the year ended December 31, 2020, stock option expense for the 352,776 options vested was $79,557.&nbsp; No vested options were exercised as of December 31, 2020.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On October 25, 2019, the Company entered into an Employment Agreement with Mr. David Gandini to serve as the Company&#8217;s Chief Revenue Officer (the &#8220;Gandini Agreement&#8221;). Under the terms of the Gandini Agreement, Mr. Gandini will perform services for the Company that are customary and usual for a chief revenue officer of a company, in exchange for: (i) an annual base salary of $185,000, (ii) sales bonuses based on the Company&#8217;s sales, (iii) incentive stock options under our 2019 Equity Compensation Plan to acquire 721,588 shares of our common stock, at an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 20,044 shares during the three-year term of the Gandini Agreement, and (iv) an aggregate of 240,530 additional option shares (the &#8220;Pre-Vesting Option Shares&#8221;) to vest as follows: (i) 200,439 Pre-Vesting Option Shares representing the monthly vesting option shares for the ten months ended October 31, 2019 to vest on November 1, 2019; and (ii) the remaining 40,091 Pre-Vesting Option Shares representing the monthly vesting option shares for the two months ended December 31, 2019 shall vest on January 1, 2020. The stock options have a ten-year term. The Company will be issuing Mr. Gandini a stock option agreement for the options he was issued under the Gandini Agreement. 240,530 of these common stock option shares, valued at $57,574, were vested and expensed at December 31, 2019. No shares have been issued to Mr. Gandini as of December 31, 2019.&nbsp; For the year ended December 31, 2020, stock option expense for the 240,530 options vested was $54,720.&nbsp; No vested options were exercised as of December 31, 2020.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On January 3, 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with Michael Lanphere, a beneficial owner of the Company, under which he agreed to exercise warrants and the Company agreed to issue 454,097 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Lanphere under two promissory notes. Mr. Lanphere&#8217;s option to acquire the shares was under the terms of certain Loan Agreement with Promissory Note and Stock Fees agreements entered into with the Company and Mr. Lanphere on April 17, 2019 and July 17, 2019. The amount of the debt reduction, and therefore the purchase price of the shares, was approximately $66,000 which was used for the deduction of related party notes payable principal of &nbsp;approximately $66,000. 180,397 common shares were issued on January 3, 2020 at an effective conversion price of $0.133 and 273,700 common shares were issued on January 3, 2020 at an effective conversion price of $0.153. After this exercise, Lanphere Law Group owns no warrants for shares of our common stock.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On January 3, 2020, the Company entered into another Debt Conversion and Common Stock Purchase Plan with Michael Lanphere, under which the Company agreed to issue 63,225 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Lanphere under numerous other remaining promissory notes. The amount of the debt reduction, and therefore the purchase price of the shares, was $210,285 which was used for the deduction of related party notes payable principal of $169,606 and accrued interest of $40,679. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $52,000 and accounted for it as additional paid-in capital. The common shares were issued on January 3, 2020 at an effective conversion price of $3.326 per share.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp; &nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;On January 3, 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with Vernon Justus, a shareholder, under which the Company agreed to issue 84,963 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Justus under a promissory note. The amount of the debt reduction, and therefore the purchase price of the shares, was $282,588 which was used for the deduction of a related party note payable principal of $180,001 and accrued interest of $102,587. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $70,000 and accounted for it as additional paid-in capital. The common shares were issued on January 3, 2020 at an effective conversion price of $3.326 per share.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On January 16, 2020, the Company entered into a Accounts Payable Conversion and Common Stock Purchase Plan with Michael Lanphere, under which the Company agreed to issue 214,883 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Lanphere for unpaid legal bills. The amount of the debt reduction, and therefore the purchase price of the shares, was $714,700 which was used for the deduction of related party payables of $714,700. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $222,000 and accounted for it as additional paid-in capital. The common shares were issued on January 16, 2020 at an effective conversion price of $3.326 per share.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On January 30, 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with Devadatt Mishal, one of the Company&#8217;s former directors and current shareholder, under which the Company agreed to issue 499,965 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Mishal under numerous promissory notes. The amount of the debt reduction, and therefore the purchase price of the shares, was $456,641 which was used for the deduction of related party notes payable principal of $270,300 and accrued interest of $186,341. The Company also recorded a loss on related party debt extinguishment of approximately $144,000. The common shares were issued on January 30, 2020 at an effective conversion price of $0.91465 per share. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On March 23, 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with Prakash Gadgil, one of the Company&#8217;s former directors and current shareholder, under which the Company agreed to issue 586 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Gadgil under a promissory note. The amount of the debt reduction, and therefore the purchase price of the shares, was $1,950 which was used for the deduction of a related party note payable principal of $1,950. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $1,000 and accounted for it as additional paid-in capital. The common shares were issued on March 23, 2020 at an effective conversion price of $3.326 per share. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On April 6, 2020, the Company agreed with Nick Noceti, the Company&#8217;s former Chief Financial Officer, to issue 38,437 shares of its common stock in exchange for amounts due for accounting fees. The amount of the debt reduction, and therefore the purchase price of the shares, was $127,840 which was used for the deduction of a related party accounts payable of $127,480. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $49,000 and accounted for it as additional paid-in capital. The common shares were issued on April 4, 2020 at an effective conversion price of $3.326 per share. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On April 7, 2020, the Company agreed with Charles Bennington, one of the Company&#8217;s &nbsp;directors, to issue 6,831 shares of its common stock in exchange for amounts due for Board of Director fees. The amount of the debt reduction, and therefore the purchase price of the shares, was $9,656 which was used for the deduction of a related party accounts payable of $9,656. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $2,000 and accounted for it as additional paid-in capital. The common shares were issued on April 7, 2020 at an effective conversion price of $1.41 per share.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>RELATED PARTIES</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Related party notes payable consist of the following:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Convertible Notes Payable </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">161,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Conventional Non-Convertible Notes Payable </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">11,810</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">328,423</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Notes Payable with Detached Free-standing Warrants</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">280,119</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Unamortized Discount </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(8,656</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net Related Party Notes Payable</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">11,810</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">760,886</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Total interest expense for related party notes was $98,313 and $91,845 for the years ended December 31, 2020 and 2019, respectively.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Related Party Convertible Notes Payable</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has none and seven convertible notes payable to related parties that have a principal balance of none and $161,000 as of December 31, 2020 and December 31, 2019, respectively. These notes carried interest rates ranging from&nbsp;7% to 10%. These notes carried &nbsp;fixed and variable conversion prices per share. The Company evaluated these convertible notes payable for embedded &nbsp;and beneficial conversion features. The Company determined that there were both derivative embedded conversion features and beneficial conversion features to record. The conversion features were either fully amortized upon grant or over the life of the convertible notes payable.&nbsp; The Company evaluated these convertible notes and determined that its embedded conversion feature carried a debt discount that should be fully amortized upon grant. The Company fully amortized this debt discount and recorded it as amortization of debt discount &#8211; interest expense in the amount of $64,800 for the year end December 31, 2019.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with a related party, under which the Company agreed to issue approximately 157,000 shares of its common stock in exchange for a reduction of four convertible notes payable to related parties. The amount of the debt reduction, and therefore the purchase price of the shares, was $143,119 which was used for the deduction of related party convertible notes payable principal of $91,000 and accrued interest of $52,119.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On June 5, 2020 the Company issued the convertible APA Note to a related party with a principal balance of &nbsp;$1,485,189, which included the $70,000 balance of three convertible notes payable to related parties and related accrued interest of $7,689 outstanding at December 31, 2019. &nbsp;The note includes simple interest at 10% per annum, due upon demand, and may be convertible into shares of common stock at $0.50 per share (after giving effect to the reverse stock split and subject to anti-dilution protection against any future securities we may issue at an effective price of less than $0.50 per share) at the discretion of the holder.&nbsp; The Company evaluated the convertible note payable for derivative embedded and beneficial &nbsp;conversion features. The Company determined that there was a &nbsp;beneficial conversion feature to record. During the year ended December 31, 2020, beneficial conversion feature amortization expense related to this related party convertible note payable of $1,407,675 was accounted for as amortization of interest - beneficial conversion feature expense in the consolidated statements of operations.&nbsp; On November 15, 2020, the related party holder elected to convert the note principal and accrued interest balance of $1,551,514 into 3,103,028 of shares of common stock. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Related Party Non-convertible Notes Payable</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has one and nine non-convertible notes payable to related parties that have a principal balance of $11,810 and $328,423 as of December 31, 2020 and December 31, 2019, respectively. These notes carry interest rates ranging from 0%&nbsp;to 10%.&nbsp; The outstanding note payable as of December 31, 2020 had a due date of December 31, 2012&nbsp; and is currently in default. &nbsp;&nbsp;&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During 2020, the Company entered into Debt Conversion and Common Stock Purchase Plans with four related parties, under which the Company agreed to issue approximately 343,000 shares of its common stock in exchange for a reduction of eight non-convertible notes payable to related parties. The amount of the debt reduction, and therefore the purchase price of the shares, was $549,311 which was used for the reduction of related party non-convertible notes payable principal of $316,613 and accrued interest of $232,698.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Related Party Notes Payable with Warrants</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has none and twenty-four notes payable with detached free-standing warrants to related parties that have a principal balance of none and $280,119 as of December 31, 2020 and December 31, 2019, respectively. These notes carried interest rates ranging from&nbsp;7% to 10%. The exercise price for each note payable with detached free-standing warrant ranged from $0.1330 - $0.1530. As of December 31, 2019, these notes carried outstanding detached free-standing warrants of 454,097. The unamortized discount related to these stock warrants at December 31, 2020 and December 31, 2019 is none and $8,656, respectively. During the years ended December 31, 2020 and 2019, stock warrants amortization expense recorded as&nbsp;interest expense related to these stock warrants was $8,656 and $37,072, respectively. The relative fair market value of the related stock warrants granted during the years ended December 31, 2020 and 2019 was none and $38,998, respectively. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During 2020, the Company entered into Debt Conversion and Common Stock Purchase Plans with two related parties, under which the Company agreed to issue approximately 602,000 shares of its common stock in exchange for a reduction of 24 notes payable with detached free-standing warrants to related parties. The amount of the debt reduction, and therefore the purchase price of the shares, was $320,858 which was used for the deduction of related party notes payable with detached free-standing warrants principal of $280,119 and accrued interest of $40,739.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NON- RELATED PARTIES</strong>&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Non- related party notes payable consist of the following:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Convertible Notes Payable </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">56,683</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">143,136</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Conventional Non-Convertible Notes Payable </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">42,500</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">21,438</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Notes Payable with Detached Free-standing Warrants </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">5,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">5,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net Non-Related Party Notes Payable</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">104,183</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">169,574</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Total interest expense for non-related party notes was $17,415 and $56,546 for the years ended December 31, 2020 and 2019, respectively.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp; &nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;<u>Convertible Notes Payable</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has three and fifteen convertible notes payable to non-related parties that have a principal balance of $56,683 and $143,136 as of December 31, 2020 and December 31, 2019, respectively. These notes carry interest rates ranging from 5% - 30% and have due dates ranging from 2/08/2012 &#8211; 3/06/2022. Two of the three notes &nbsp;as of December 31, 2020 are in default. These notes carry conversion prices ranging from $0.0565- $10.7619 per share.&nbsp; The Company evaluated these convertible notes payable for derivative embedded &nbsp;and beneficial conversion features. The Company determined that there were beneficial conversion features to record. The conversion features were either fully amortized upon grant or over the life of the convertible notes payable. The conversion features were fully amortized as of December 31, 2020 and 2019.&nbsp; During the years ended December 31, 2020 and 2019, beneficial conversion feature amortization expense related to these convertible notes payable of none and $5,920, respectively, was accounted for as amortization of interest - beneficial conversion feature expense in the &nbsp;consolidated statements of operations.&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During 2020, the Company entered into Debt Conversion and Common Stock Purchase Plans with six non-related parties, under which the Company agreed to issue 50,135 shares of its common stock in exchange for a reduction of eleven convertible notes payable to non-related parties. The amount of the debt reduction, and therefore the purchase price of the shares, was $166,750 which was used for the deduction of non-related party convertible notes payable principal of $83,953 and accrued interest of $82,797. The Company recorded a non-related party gain on loan extinguishment&nbsp; of approximately $103,000. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During 2020, the Company also entered into a non-related party convertible note payable agreement to convert a high interest rate convertible non-related party note payable with a principal balance of $25,000 and accrued interest due of $22,500 to a non-related party convertible note payable of $47,500 that accrues interest at 5%. The note conversion rate is $2 per common share. The Company recorded a loss on non-related party debt extinguishment of $11,697. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During 2020, the holder of a $25,000 convertible promissory note with interest at 30% and accrued interest of $61,875 replaced the carrying amount of the note and its conversion features with a new non-convertible note totaling $25,000 that bears interest at 5%. The Company recorded a gain on non-related party debt extinguishment of $61,875.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Non-convertible Notes Payable</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has three non-convertible notes payable to non-related parties that have a principal balance of $42,500 and $21,438 as of December 31, 2020 and December 31, 2019, respectively. These notes carry interest rates ranging from &nbsp;5% - 18% and have due dates ranging from 1/31/2013 - 6/09/2022. Two of the three notes &nbsp;as of December 31, 2020 are in default.&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with a non-related party, under which the Company agreed to issue 20,313 shares of its common stock in exchange for a reduction of a non-convertible non-related party note payable. The amount of the debt reduction, and therefore the purchase price of the shares, was $67,561 which was used for the deduction of non-related party non-convertible notes payable principal of $3,938 and accrued interest of $63,623. The Company recorded a non-related party gain on loan extinguishment &nbsp;of approximately $14,000.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On May 12, 2020, the Company received proceeds of $41,665 from a commercial bank under the SBA Payroll Protection Loan Program. The loan requires interest at 1% and 18 monthly payments of principal and interest beginning December 5, 2020. Provisions of the SBA Payroll Protection Loan Program allow for portions or all the loan balance to be forgiven should certain criteria be met.&nbsp; On December 7, 2020 the Company was notified that the principal balance and accrued interest of $242 was forgiven, and thus the Company &nbsp;recorded a gain on loan extinguishment of approximately $42,000.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Notes Payable with Warrants</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has one note payable with detached free-standing warrants to a non-related party that has a principal balance of $5,000 and $5,000 as of December 31, 2020 and December 31, 2019, respectively. This note carries an interest rate of 10% and had a due date of 9/11/2014. This note is currently in default The detached free-standing warrants for this note payable were not exercised by the note holder and expired on May 16, 2019. There was no unamortized discount related to these stock warrants as of &nbsp;December 31, 2020 and December 31, 2019, and no stock warrant amortization expense was recorded to interest expense during the years ended December 31, 2020 and 2019.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;"> <p style="MARGIN: 0px; text-align:center;">F-21</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">v</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;In 2019, the Company borrowed $ 70,000 under convertible promissory notes agreement from an unrelated party that are due upon demand.&nbsp; The notes bear interest at a rate of 10% per annum and are convertible into the Company&#8217;s common shares at a variable conversion price based on a 50% discount of the market price at an undetermined future date. The Company analyzed the conversion features of the note agreement for derivative accounting consideration under ASU 2017-11 (ASC 815-15, Derivatives and Hedging), and determined the embedded conversion features should be classified as a derivative because the exercise price of the convertible note is subject to a variable conversion rate and should therefore be accounted for at fair value under ASC 820, <em>Fair Value Measurements and Disclosures,</em> and ASC 825, <em>Financial Instruments</em>. In accordance with ASC 815-15, the Company has bifurcated the conversion feature of the note and recorded a derivative liability. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The embedded derivative for the notes were carried on the Company&#8217;s balance sheet at fair value. The derivative liability was marked to market each measurement period and any unrealized change in fair value is recorded as a component of the statement of operations and the associated fair value carrying amount on the balance sheet was adjusted by the change. The Company fair valued the embedded derivatives using a Monte Carlo simulation model based on the following assumptions: (1) expected volatility of 180%, (2) risk-free interest rate of 0.13%, and (3) expected life from 1 month to 1 year. On March 1, 2019, the date of the first note, the fair value of the embedded derivative was $28,000. On May 3, 2019, the date of the second note, the fair value of the embedded derivative was $28,100. On October 26, 2019, the date of the third note, the fair value of the embedded derivative was $8,700. The notes carried an embedded conversion feature of $64,800 that was fully amortized to interest expense during the year ended December 31, 2019. The notes were not converted and deemed paid in full at the closing of the Transaction on June 5, 2020. The principal amounts of these notes were settled and transferred to the APA Note and a loss on debt extinguishment of $273,462 was recognized during the year ended December 31, 2020.&nbsp; The fair value of the embedded derivative recorded on the balance sheet as a liability was none and $60,650 at December 31, 2020 and December 31, 2019, respectively. Utilizing level 3 inputs, the Company recorded a fair market value gain of $60,650 and $4,150 for the years ended December 31, 2020 and 2019, respectively.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>A summary of the activity of the derivative liability is shown below:</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2019&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">60,650</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Fair market value adjustments (including settlements)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(60,650</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2020</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp; </p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company&#8217;s common stock transactions for the year ended December 31, 2019 consists of the following:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">1,065,982 shares were issued to non-related parties for $39,000 in cash. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">420,926 shares were issued for the conversion of $595,500 of accrued executive compensation owed to a related party at $0.0143 per share.&nbsp; A related party gain of $535,500 was recorded as additional paid-in capital.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">1,038,339 shares were issued for the conversion of $152,781 of related party debt from $0.1430 to $0.1497 per share.&nbsp; 1,038,339 stock warrants were settled along with the related party debt.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">417,491 shares were issued to related parties in exchange for 1,388,575 shares of the Company&#8217;s Series A Convertible Preferred Stock at $3.326 per share.&nbsp; A related party gain of $1,329,561 was recorded as additional paid-in capital.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company&#8217;s common stock transactions for the year ended December 31, 2020 consists of the following:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">1,025 shares were issued at $20.29 per share to a non-related party as compensation for services provided.&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">72,159 shares were issued for services provided under an Employment Agreement with Kevin Moore dated October 25, 2019.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">454,097 shares were issued for the conversion of $65,728 of related parties&#8217; debt from $0.1530 to $0.13304 per share pursuant to terms of the convertible promissory notes. 454,097 stock warrants were settled along with the related party debt. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">12,000,000 shares were issued to complete the Transaction with IDTEC that was accounted for as an asset purchase.&nbsp;&nbsp; The shares were issued at a value of $27,120,000.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">159,395 shares were issued to non-related parties for the conversion of approximately $266,000 of accounts payable and accrued expenses from $0.5821 to $3.326 per share.&nbsp; The Company recorded a net gain of approximately $62,000 resulting from the stock issuance. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">260,150 shares were issued to related parties for the conversion of $852,196 of related party payables from $1.115 to $3.326 per share.&nbsp; A related party gain of $272,299 was recorded as additional paid-in capital. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">648,739 shares were issued to related parties for the conversion of $622,004 of debt from $0.9146 to $3.326 per share.&nbsp; The Company recorded $143,660 of loss on debt extinguishment&nbsp; and a related party gain of $124,291 was recorded as additional paid in-capital as a result of the stock issuance. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">70,448 shares were issued to non-related parties for the conversion of $65,391 of debt&nbsp; at $3.326 per share.&nbsp; The Company recorded $41,665 of loss resulting from the stock issuance.&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">3,103,028 shares were issued to a related party for the conversion of $1,551,514 of debt under the terms of a convertible promissory note. The note converted at $0.50 per share.&nbsp;&nbsp;&nbsp;&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">2,700,000 shares were issued to a related party under the terms governing the shares of Series A-1 Convertible Preferred Stock.&nbsp; In addition, as a result of the conversion of the Series A-1 Convertible Preferred Stock we owed&nbsp; accrued dividends totaling $107,880, which we could pay in cash or in shares of our common stock based on the price of common stock on the applicable dividend dates.&nbsp; Our management and Board of Directors elected to pay the accrued dividends in shares of common stock.&nbsp; Based on the price of the common stock on the applicable dividend dates, we owed 43,169 shares of common stock in full satisfaction of the accrued dividends.&nbsp; As of&nbsp; December 31, 2020, 43,169 shares were recorded in common stock subscriptions payable and were issued on January 6, 2021.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On November 20, 2015, the Company&#8217;s Board of Directors authorized a class of stock designated as preferred stock with a par value of $0.00001 per share comprising 25,000,000 shares, 3,000,000 shares of which were classified as Series A Convertible Preferred Stock. In each calendar year, the holders of the Series A Convertible Preferred Stock are entitled to receive, when, as and if, declared by the Board of Directors, out of any funds and assets of the Company legally available, non-cumulative dividends, in an amount equal to any dividends or other Distribution on the common stock in such calendar year (other than a Common Stock Dividend). No dividends (other than a Common Stock Dividend) shall be paid and no distribution shall be made with respect to the common stock unless dividends shall have been paid or declared and set apart for payment to the holders of the Series A Convertible Preferred Stock simultaneously. Dividends on the Series A Convertible Preferred Stock shall not be mandatory or cumulative, and no rights or interest shall accrue to the holders of the Series A Convertible Preferred Stock by reason of the fact that the Company shall fail to declare or pay dividends on the Series A Convertible Preferred Stock, except for such rights or interest that may arise as a result of the Company paying a dividend or making a distribution on the common stock in violation of the terms. The holders of each share of Series A Convertible Preferred Stock then outstanding shall be entitled to be paid, out of the Available Funds and Assets, and prior and in preference to any payment or Distribution (or any setting part of any payment or Distribution) of any Available Funds and Assets on any shares of common stock, and equal in preference to any payment or Distribution (or any setting part of any payment or Distribution)&nbsp; of any Available Funds and Assets on any shares of any other series of preferred stock that have liquidation preference, an amount per share equal to the Original Issue Price of the Series A Convertible Preferred Stock plus all declared but unpaid dividends on the Series A Convertible Preferred Stock. A reorganization, or any other consolidation or merger of the Company with or into any other corporation, or any other sale of all or substantially all of the assets of the Company, shall not be deemed a liquidation, dissolution, or winding up of the Company. Shares of the Series A Convertible Preferred Stock are convertible at a 35% discount rate to the average closing price per share of the Company&#8217;s common stock (either as listed on a national exchange or as quoted over-the-market) for the last 15 trading days immediately prior to conversion.&nbsp; However, no conversions of the Series A Convertible Preferred Stock to shares of common stock can occur unless the average closing price per share of the Corporation&#8217;s common stock (either as listed on a national exchange or as quoted over-the-market) for the last&nbsp; 15 trading days immediately prior to conversion is at least $1.67. The shares of Series A Convertible Preferred Stock vote on a one for one basis. The right of conversion is limited by the fact the holder of the Series A Convertible Preferred Stock may not convert if such conversion would cause the holder to beneficially own more than 4.9% of the Company&#8217;s common stock after giving effect to such conversion.&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp;&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On August 8, 2019, the Company entered into an 8% Series A-1 Convertible Preferred Stock Investment Agreement (the &#8220;Investment Agreement&#8221;) with First Capital Ventures, LLC (&#8220;FCV&#8221;), an entity controlled by a beneficial owner of the Company, and its assignee. The Company desired to raise between $1,000,000 and $2,000,000 from the sale of its 8% Series A-1 Convertible Preferred Stock and FCV intends to raise between $1,000,000 and $2,000,000 (net after offering expenses) in a special purchase vehicle (&#8220;SPV&#8221;) created by FCV to purchase the 8% Series A-1 Convertible Preferred Stock. The Company granted FCV and its assigns, the exclusive right to purchase the 8% Series A-1 Convertible Preferred Stock. The Company also agreed to cancel all shares of its previously issued and outstanding Series A Convertible Preferred Stock immediately following the closing date. The Company further agreed to issue FCV a three-year stock warrant to purchase 144,317 shares of its common stock at an exercise price of $1.039375 per share immediately following the closing date, which was valued at $122,889 and expensed upon grant for services provided. The Company agreed to enter into a &#8220;business development&#8221; agreement with FCV, or its assignee, on the sale of the first $1,000,000 of 8% Series A-1 Convertible Preferred Stock and also granted FCV and its assigns, the right to use the name &#8220;SOBR SAFE&#8221; and any related intellectual property in connection with the SPV, and the offering of the Interests in the SPV.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In accordance with the August 8, 2019 Investment Agreement with FCV, on December 9, 2019, the Company&#8217;s Board of Directors created a class of preferred stock designated as 8% Series A-1 Convertible Preferred Stock comprising of 2,000,000 shares. During 2020, the authorized shares were increased to 2,700,000 shares.&nbsp; The rights and preferences of the 8% Series A-1 Convertible Preferred Stock are as follows: (a) dividend rights of 8% per annum based on the original issuance price of $1 per share, (b) liquidation preference over the Company&#8217;s common stock, (c) conversion rights into shares of the Company&#8217;s common stock at $1 per share (not to be affected by any reverse stock split in connection with the Asset Purchase Agreement with IDTEC), (d) redemption rights such that we have the right, upon 30 days written notice, at any time after one year from the date of issuance, to redeem all or part of the Series A-1 Convertible Preferred Stock for 150% of the original issuance price, (e) no call rights by the Company, and (f) each share of Series A-1 Convertible Preferred Stock will vote on an &#8220;as converted&#8221; basis.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On August 23, 2019, the Company entered into a Share Exchange Agreement (the &#8220;Lanphere&#8221; SEA) with Michael Lanphere, a beneficial owner of the Company, under which the Company agreed to issue 156,537 shares of its common stock in exchange for 520,643 shares of the Company&#8217;s Series A Convertible Preferred Stock owned by Mr. Lanphere. The Series A Convertible Preferred Stock were exchanged for the Company&#8217;s common shares at a price of $3.326 per share and were issued on or about August 28, 2019. The fair value of the common shares was $22,127. Per ASC 470-50-40-2, debt modification and extinguishment transactions between related parties are in essence a capital contribution from a related party. As a result, rather than recording a gain on extinguishment of debt, the Company recorded $498,516 to additional paid-in capital.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On August 23, 2019, the Company entered into a Share Exchange Agreement (the &#8220;Justus&#8221; SEA) with Vernon Justus, a shareholder, under which the Company agreed to issue 260,954 shares of its common stock in exchange for 867,932 shares of the Company&#8217;s Series A Convertible Preferred Stock owned by Mr. Justus. The Series A Convertible Preferred Stock were exchanged for the Company&#8217;s common shares at a price of $3.326 per share and were issued on or about August 28, 2019. The fair value of the common shares was $36,887. Per ASC 470-50-40-2, debt modification and extinguishment transactions between related parties are in essence a capital contribution from a related party. As a result, rather than recording a gain on extinguishment of debt, the Company recorded $831,045 to additional paid-in capital.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp;&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On December 12, 2019, the Company entered into a Series A-1 Preferred Stock Purchase Agreement (the &#8220;SPA&#8221;) with SOBR SAFE, LLC (&#8220;SOBR SAFE&#8221;), a Delaware limited liability company and an entity controlled by a beneficial owner of the Company, under which SOBR SAFE agreed to acquire 1,000,000 shares of our Series A-1 Convertible Preferred Stock&nbsp; in exchange for $1,000,000 (the &#8220;Purchase Price&#8221;). The Company received the Purchase Price on December 12, 2019. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On May 7, 2020, the Company amended a Convertible Preferred Stock Investment Agreement&nbsp; granting the exclusive right to SOBR SAFE to purchase up to 2,700,000 shares.&nbsp; &nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On July 2, 2020, the Company executed Amendment No. 2 to the Stock Investment Agreement which provides that the full amount of each dividend due on a dividend payment date, even if not declared, shall be paid to any holder regardless of the date on which the holder acquired the stock.&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On December 7, 2020, we sent a Notice of Automatic Conversion and Calculation of Dividend Shares to SOBR SAFE notifying them that under the terms governing the shares of Series A-1 Convertible Preferred Stock the 2,700,000 shares of Series A-1 Convertible Preferred Stock owned by SOBR SAFE automatically converted into 2,700,000 shares of our common stock.&nbsp; In addition, as a result of the conversion of the Series A-1 Convertible Preferred Stock we owed SOBR SAFE accrued dividends totaling $107,880, which we could pay in cash or in shares of our common stock based on the price of common stock on the applicable dividend dates.&nbsp; Our management and Board of Directors elected to pay SOBR SAFE the accrued dividends in shares of our common stock.&nbsp;</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has stock subscriptions payable of $253,688 payable with 147,587 of its common shares of which&nbsp; $111,024 is&nbsp;payable to related parties with 60,087 of its common shares as of December 31, 2020 and $79,624 payable to related parties with 60,087 of its common stock at December 31, 2019.&nbsp; &nbsp;The Company recorded a related party gain of none and $39,992 related to the outstanding stock subscriptions payable during the years ended December 31, 2020 and 2019, respectively.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px">The Company had no preferred stock subscriptions payable as of December 31, 2020.&nbsp; The Company has preferred stock subscriptions payable due to a related party of $1,000,000 convertible into 1,000,000 of its 8% Series A-1 Convertible Preferred shares as of December 31, 2019.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><u>Stock Warrants</u></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company accounts for employee stock options and non-employee stock warrants under ASC 718 and ASC 505, whereby option costs are recorded based on the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable, utilizing the Black-Scholes pricing model. Unless otherwise provided for, the Company covers option exercises by issuing new shares.&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Beginning on December 12, 2012, Michael A. Lanphere, a related party and non-employee, loaned the Company money for a variety of purposes, some for working capital and some to allow the Company to pay outstanding obligations. Each of these loans were made pursuant to the terms of a Loan Agreement with Promissory Note and Stock Fee (the &#8220;Agreements&#8221;). Under the terms of the Agreements, Mr. Lanphere was not only entitled to repayment of the principal amount loaned to us, with interest, but also what was termed in the Agreements as a &#8220;Stock Fee&#8221; that the parties are interpreting as a stock warrant, which permits Mr. Lanphere to acquire shares of our common stock in exchange for an exercise price that was estimated based on the date of the loan agreement. The number of shares to be issued to Mr. Lanphere as a Stock Fee under each Agreement was an estimate and varied based on the loan amount and the price of our common stock on the day of the loan and was calculated by this formula:&nbsp; 60% or 80% of the loan amount divided by the Company&#8217;s stock price on the day of the loan, but at a price per share no higher than ($0.025). Each Stock Fee is fully vested immediately and expires&nbsp; 5 years from the date of the loan. Although the Stock Fee could be taken by Mr. Lanphere as a stock grant or a stock warrant, due to the fully vested nature of the Stock Fee, Mr. Lanphere is deemed to beneficially own those shares on the date of each Agreement. After the Company entered into a Debt Conversion and Common Stock Purchase Plan with Mr. Lanphere dated January 3, 2020, Mr. Lanphere agreed to exercise his stock warrants and the Company agreed to convert and issue 454,097 shares of its common stock to reduce a notes payable principal balance consisting of two notes in the amount of $65,875. The Company did not record a loss on debt extinguishment for this conversion pursuant to ASC 470-20-40-4 that states that upon conversion in accordance with its original terms, the carrying amount of the convertible debt without a beneficial conversion feature, including any unamortized premium or discount, is credited to the capital accounts and no gain or loss should be recognized. Mr. Lanphere owns no more warrants to shares of our common stock. The number of warrants outstanding to Mr. Lanphere at December 31, 2020 and December 31, 2019 were none and 454,097, respectively.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On August 8, 2019, the Company entered into an 8% Series A-1 Convertible Preferred Stock Investment agreement with First Capital Ventures, LLC (&#8220;FCV&#8221;), an entity controlled by a beneficial owner of the Company. FCV set up a special purpose vehicle (&#8220;SPV&#8221;) or SOBR SAFE, LLC, an entity controlled by a beneficial owner of the Company, &nbsp;that purchased 1,000,000 of the 8% Series A-1 Convertible Preferred Shares at $1.00 per share on December 12, 2019. Upon purchase, the Company issued the SPV through FCV a three-year warrant to purchase 144,317 shares of the Company&#8217;s common stock at an exercise price of $1.039375 per share. The number of warrants outstanding to the SPV through FCV at December 31, 2020 and December 31, 2019 are 144,317 and 144,317, respectively.&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On May 4,2020, the Company entered into an agreement with a vendor to provide investor relations services.&nbsp; Under the terms of the agreement, we issued warrants to purchase up to 120,000 shares of our common stock at an exercise price of $2.00 per share.&nbsp; The warrants expire five years after the date of issuance.&nbsp; Approximately $220,000 of expense was recognized for the warrants issued for the services provide by the vendor.&nbsp; &nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On June 5, 2020, upon closing of the Transaction, the Company entered into a Waiver Under Asset Purchase Agreement and Post-Closing Covenant Agreement under which we issued warrants to IDTEC to purchase up to 320,000 shares of our common stock (post-split) at an exercise price of $0.50 per share. The warrants expire five years after the date of issuance, (see Note 3).</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The total outstanding balance of all non-employee stock warrants in the Company is 584,317 and 598,414 at December 31, 2020 and December 31 2019, respectively. There were 440,000 non-employee detached free-standing stock warrants granted during the year ended December 31, 2020 and 916,579 non-employee detached free-standing stock warrants granted during the year ended December 31, 2019. The fair value of these non-employee stock warrants granted during the years ended December 31, 2020 and 2019 totaled $915,124 and $160,544, respectively, and were determined using the Black-Scholes option pricing model based on the following assumptions: </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Dec. 31, 2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Dec. 31, 2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:bottom;"> <p style="margin:0px">Exercise Price&nbsp; </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.50-$2.00</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.1330-$1.0394</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Dividend Yield&nbsp; </p></td> <td style="width:1%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td style="width:1%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td style="width:12%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">%</p></td> <td style="width:1%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td style="width:1%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td style="width:12%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">%</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Volatility&nbsp; </p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp; 153%-154%</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134% - 167%</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Risk-free Interest Rate&nbsp; </p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;0.19%- 0.29%</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp; 1.69% &#8211; 2.40%</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Life of Warrants</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;5 Years</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; .038-5 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The following table summarizes the changes in the Company&#8217;s outstanding warrants during the years ended December 31, 2020 and 2019: </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Warrants</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Outstanding</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Number of</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Shares</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Price Per</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Share</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average Remaining Contractual Life</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise Price Per Share</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Aggregate </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Intrinsic Value</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="width:38%;vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2018</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">721,678</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">$</p></td> <td style="width:13%;"> <p style="MARGIN: 0px; text-align:right;">0.1397 - 0.6319</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="MARGIN: 0px; text-align:right;">3.45 Years</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.1929</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Warrants Granted</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">916,579</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.06 - 0.2062</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">3.97 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.2860</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2,022,912</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Warrants Exercised</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(1,038,339</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.1430 - 0.1497</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.1463</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Warrants Expired</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(1,504</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.6319</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.6319</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2019</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">598,414</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">.13304 - 1.039375</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">3.97 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.3592</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,276,870</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Warrants</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Outstanding</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Number of</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Shares</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Price Per</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Share</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average Remaining Contractual Life</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise&nbsp;Price Per Share</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Aggregate Intrinsic Value</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="width:38%;vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2019</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">598,414</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">$</p></td> <td style="width:13%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.13304 &#8211; 1.039375</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="MARGIN: 0px; text-align:right;">3.97 Years</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.3592</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,276,870</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Warrants Granted</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">440,000</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.50-2.00</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">4.41 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.9091</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">898,000</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Warrants Exercised</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(454,097</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.13304 - 0.15299</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.1451</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Warrants Expired&nbsp;&nbsp; </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2020</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">584,317</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 &#8211; 2.00</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">3.80 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.9413</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,173,737</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><u>Stock Options</u></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On October 24, 2019, the Company&#8217;s 2019 Equity Incentive Plan went effective. The plan was approved by the Company&#8217;s Board of Directors and the holders of a majority of the Company&#8217;s voting stock on September 9, 2019. The plan&#8217;s number of authorized shares is 3,848,467. As of &nbsp;December 31, 2020 and December 31, 2019, the Company has granted stock options to acquire 2,521,922 and 2,285,028 shares of common stock under the plan, respectively. As of December 31, 2020, the plan has1,202,168 vested shares and1,319,753 non-vested shares. As of December 31, 2019, the plan had 539,847 vested shares and 1,745,181 non-vested shares. As of December 31, 2020 and December 31, 2019 the plan has options available to be issued of 1,326,545 and 1,563,439, respectively.&nbsp; The stock options are held by our officers, directors, employees, and certain key consultants.&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During 2020, under the 2019 Equity Incentive Plan the Company granted stock options and units to acquire approximately 236,000 shares of its common stock at exercise prices ranging from $1.645 to $3.30 to certain employees and key consultants.&nbsp; The fair value of the options granted was approximately $515,000.&nbsp; The stock options vest monthly and quarterly over 1 to 3-year terms.&nbsp; A total of 15,000 stock options were vested as of&nbsp; December 31, 2020.&nbsp; None of the vested stock options have been exercised and no shares have been issued as December 31, 2020.&nbsp; Additionally, the Company granted stock options to acquire 1,894 shares of its common stock, in addition to the 48,106 options granted to key consultants on October 25, 2019 for a total of 50,000 shares of its common stock in accordance with the Company&#8217;s agreements with the consultants.&nbsp; The stock options stock exercise price is $0.2635.&nbsp; The stock options vest over a one-year period beginning January 1, 2020 and have a five-year term.&nbsp; A total of 50,000 and 0 stock options were vested at December 31, 2020 and December 31, 2019, respectively.&nbsp; None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">For the years ended&nbsp; December 31, 2020 and 2019, the Company recorded $239,478 and $95,566, respectively, of share-based compensation expense related to the stock options. The unrecognized compensation expense as of December 31, 2020 was approximately $650,000 for non-vested share-based awards to be recognized over periods of approximately three to seven years.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In applying the Black-Scholes options pricing model, assumptions used to compute the fair value of the stock options granted during the year ended December 31, 2020 and 2019 were as follows: </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:bottom;"> <p style="margin:0px">Exercise Price </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">$</p></td> <td style="width:12%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.645-3.30</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">$</p></td> <td style="width:12%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.026-1.039</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Dividend Yield </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">%</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">%</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Expected Volatility </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">162%-181</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">%&nbsp;&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">133%-146</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">%&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Risk-free Interest Rate </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">0.19%-0.43</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">%&nbsp;&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">1.61%-1.70</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">%&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Expected Life </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">1- 2.7 years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">2.0-7.17years</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px">The following table summarizes the changes in the Company&#8217;s outstanding stock options during the years ended December 31, 2020 and 2019:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Options</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Outstanding</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Number of </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Shares</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise Price Per</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;Share </strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average Remaining Contractual Life</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise&nbsp;Price Per Share</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Aggregate Intrinsic Value </strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="width:39%;vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2018</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">53,368</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">$</p></td> <td style="width:12%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.1497 &#8211; 8.31</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.32 Years</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.2761</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Granted</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2,381,239</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.26341-1.0393</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.00 Years </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.2960</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">5,238,080</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Exercised</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Cancelled</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(45,100</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.1497</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.1497</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Expired</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(8,268</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.2328-8.31 </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.00 Years </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.9678</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2019</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2,381,239</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.2634 &#8211; 1.039</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.00 Years </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.2761</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">5,238,080</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp;&nbsp; </p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Options</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Outstanding</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Number of </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Shares</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp; Exercise </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Price Per</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;Share </strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average Remaining Contractual Life</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise&nbsp;Price Per Share</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Aggregate Intrinsic Value </strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2019</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:10%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2,381,239</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">$</p></td> <td style="width:13%;"> <p style="MARGIN: 0px; text-align:right;">0.2634-1.039</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:10%;"> <p style="MARGIN: 0px; text-align:right;">9.00 Years</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:10%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.2761</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:10%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">5,238,080</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Granted</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">236,894</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.2635&#8211;3.300</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">1.84 Years </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2.6661</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">67,265</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Exercised</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(45,906</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.039</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Cancelled</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Expired</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2020</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2,572,227</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.26342&#8211;3.300</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">7.45 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.4999</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">6,302,277</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Exercisable at December 31, 2019 </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">539,847</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.2634&#8211;1.03938</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">8.2 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.4</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,129,786</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Exercisable at December 31, 2020 </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,252,474</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.26342&#8211;3.300</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">7.4 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.3165</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">3,299,006</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><u>Executive Stock Options</u></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has 2,521,922 outstanding executive stock options exercisable at $0.26341 to $3.30 per share with a weighted average remaining contractual life of &nbsp;7.5 years as of December 31, 2020 and 2,285,028 outstanding executive stock options exercisable at $0.26341 per share with a weighted average remaining contractual life of 9 years as of December 31, 2019. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp; &nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On October 25, 2019, the Company granted Charles Bennington, one of the Company&#8217;s directors, options to acquire 24,053 shares of the Company&#8217;s common stock under its 2019 Equity Incentive Plan. The stock options have an exercise price of $0.2635 and vest quarterly over a one-year period commencing January 1, 2020. The stock options have a five-year term. A total of 24,053 and 0 stock options were vested as of December 31, 2020 and December 31, 2019, respectively. None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On October 25, 2019, the Company granted Nick Noceti, the &nbsp;Company&#8217;s former Chief Financial Officer, options to acquire 24,053 shares of the Company&#8217;s common stock under its 2019 Equity Incentive Plan. The stock options have an exercise price of $0.2635 and vest quarterly over a two-year period commencing January 1, 2020. The stock options have a five-year term. A total of&nbsp; 12,026 and 0 stock options were vested as of&nbsp; December 31, 2020 and December 31, 2019, respectively. None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020.&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On October 25, 2019, the Company entered into an Employment Agreement with Kevin Moore to serve as the Company&#8217;s Chief Executive Officer. Under the terms of the agreement, the Company granted Kevin Moore stock options under its 2019 Equity Compensation Plan to acquire 1,058,328 shares of its common stock at an exercise price of $0.2635. The stock options vest in 36 equal monthly installments of 29,398 shares during the three-year term of his Employment Agreement. A total of411,572 and 58,796 stock options were vested as of December 31, 2020 and December 31, 2019, respectively. None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020 or December 31, 2019.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On October 25, 2019, the Company entered into an Employment Agreement with David Gandini to serve as the Company&#8217;s Chief Revenue Officer. Under the terms of the agreement, the Company granted David Gandini stock options under its 2019 Equity Compensation Plan to acquire 721,588 shares of its common stock at an exercise price of $0.2635. The stock options vest in 36 equal monthly installments of 20,044 shares during the three-year term of his Employment Agreement. David Gandini was also granted an aggregate of 240,529 additional option shares (the &#8220;Pre-Vesting Option Shares&#8221;) to vest as follows: (i) 200,439 Pre-Vesting Option Shares representing the monthly vesting option shares for the ten months ended October 31, 2019 to vest on November 1, 2019; and (ii) the remaining 40,090 Pre-Vesting Option Shares representing the monthly vesting option shares for the two months ended December 31, 2019 shall vest on January 1, 2020. The stock options have a ten-year term.&nbsp; A total of 521,146 and 240,521 stock options were vested as of December 31, 2020 and December 31, 2019, respectively. None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020 or December 31, 2019.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><u>Operating Leases</u></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company leased office space under a long-term operating lease that expired in June 2019. The Company leased the same office space on a month-to-month basis until December 31, 2019. On October 15, 2019, the Company entered into a short-term lease agreement that is between $2,800 - $2,900 per month and ended on October 31, 2020. The lease has been renewed for another twelve months under the same general terms and conditions.&nbsp;&nbsp; The Company also leases an office space for $1,300 per month on a short-term (month to month) basis through a related party that terminates at any time. &nbsp;Rent expense under office leases, including CAM charges, was $63,978 and $64,679 for the years ended December 31, 2020 and 2019, respectively. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><u>Legal Proceedings</u></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On December 6, 2006, Orange County Valet and Security Patrol, Inc. filed a lawsuit against us in Orange County California State Superior Court for Breach of Contract in the amount of $11,164. A default judgment was taken against us in this matter. In mid-2013 we learned the Plaintiff&#8217;s perfected the judgment against us, but we have not heard from the Plaintiffs as of December 2020.&nbsp; As of December 31, 2020, the Company has accrued $11,164 plus accrued interest of approximately $1,000.&nbsp; In the event we pay any money related to this lawsuit, IDTEC agreed, in connection with us closing the asset purchase transaction with IDTEC, to pay the amount for us in exchange for shares of our common stock.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">We currently have one outstanding judgment against us involving a past employee of the Company. The matter is under the purview of the State of California, Franchise Tax Board, Industrial Health and Safety Collections. We currently owe approximately $28,786 plus accrued interest of approximately $53,000, which has been accrued as of December 31, 2020 to our ex-employee for unpaid wages under these Orders.&nbsp; On March 8, 2021 we received an Acknowledgement of Satisfaction of Judgement-Full by the California Court that the judgement has been settled with a payment of approximately $83,000 including accrued interest.&nbsp; In the event we pay any money related to this lawsuit, IDTEC agreed, in connection with us closing the asset purchase transaction with IDTEC, to pay the amount for us in exchange for shares of our common stock. &nbsp;</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses. These loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">For the years ended December 31, 2020 and 2019, the Company incurred net losses and therefore has no tax liability. The Company began operations in 2007 and has net operating loss carry-forwards of approximately $13,346,000 that will be carried forward and can be used through the year 2040 to offset future taxable income. In the future, the cumulative net operating loss carry forward for income tax purposes may differ from the cumulative financial statement loss due to timing differences between book and tax reporting.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">At December 31, 2020 and 2019, the Company has net operating loss carry forwards of approximately $13,346,000 and $9,634,000, respectively, that may be offset against future taxable income, if any. These carry-forwards are subject to review by the Internal Revenue Service. As of December 31, 2020 and 2019, the deferred tax asset of approximately $2,830,000 and $1,832,000, respectively, created by the net operating losses has been offset by a 100% valuation allowance because the likelihood of realization of the tax benefit cannot be determined. The change in the valuation allowance in 2020 and 2019 was approximately $998,000 and $187,000, respectively.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">There is no current or deferred tax expense for the years ended December 31, 2020 and 2019. The Company has not filed its tax returns for the years ended 2012 through 2020; however, management believes there are no taxes due as of December 31, 2020 and 2019.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company includes interest and penalties arising from the underpayment of income taxes in general and administrative expense in the consolidated statements of operations.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The provision for Federal income tax consists of the following for the years ended December 31, 2020 and 2019:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="vertical-align:top;"> <p style="margin:0px">Income tax benefit attributable to:</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net loss</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(29,982,222</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(1,249,032</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Permanent differences</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,830,697</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">313,778</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Valuation allowance</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">28,151,525</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">935,254</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Net provision for income tax&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The cumulative tax effect at the expected federal tax rate of 21% of significant items comprising our net deferred tax amount is as follows on December 31, 2020 and 2019:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="vertical-align:top;"> <p style="margin:0px">Deferred tax asset attributable to:</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net operating loss carry forward</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2,163,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,832,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Valuation allowance</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(2,163,000</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(1,832,000</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net deferred tax asset</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The cumulative tax effect at the expected state tax rate of 5% of significant items comprising our net deferred tax amount is as follows on December 31, 2020 and 2019:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="vertical-align:top;"> <p style="margin:0px">Deferred tax asset attributable to:</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net operating loss carry forward</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">667,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">482,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Valuation allowance</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(667,000</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(482,000</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net deferred tax asset</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $13,304,000 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be further limited to use in future years.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">The Company has identified the United States Federal tax returns as its &#8220;major&#8221; tax jurisdiction. The United States Federal tax return years 2012 &#8211; 2020 are still subject to tax examination by the United States Internal Revenue Service; however, we do not currently have any ongoing tax examinations.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has evaluated subsequent events for recognition and disclosure through March 31, 2021, which is the date the consolidated financial statements were available to be issued.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On January 6, 2021, the Company issued 43,169 shares of its common stock to SOBR Safe, LLC in full satisfaction of accrued dividends resulting from the December 2020 conversion of the Series A-1 Convertible Preferred Stock into common shares.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On January 15, 2021, the Company initiated a Private Offering (the &#8220;Offering&#8221;) of up to 40 Units ($2,000,000) with each Unit consisting of one $50,000 principal amount secured convertible debenture, convertible at $3.00 per share (&#8220;Secured Debentures&#8221;), and a warrant to purchase 25,000 shares of the Company&#8217;s common stock (the &#8220;Debenture Warrants&#8221;). The Secured Debentures will mature 24 months after issuance. The Secured Debentures will not be redeemable but contain an automatic conversion feature.&nbsp; Interest on the Secured Debentures will accrue at a rate of 12% per annum, beginning on the date we have access to the investor&#8217;s funds.&nbsp; At the date of their investment in the Offering, investors may elect to have the interest due under the Secured Debenture paid in cash monthly or have the interest accrue and be payable on the maturity date of the Secured Debenture.&nbsp; For investors that elect to accrue the interest due under the Secured Debenture, the interest will be paid in cash or may be converted into shares of our common stock under the same terms as the principal amount on the maturity date.&nbsp; The Secured Debentures will be convertible at any time, and from time to time, by the holder beginning on the date of issuance, into shares of our common stock. The Secured Debentures will be convertible at $3.00 per share (the &#8220;Conversion Price&#8221;); provided, however, that the right of conversion will be limited by the terms of the Secured Debentures to the extent necessary to ensure that each Secured Debenture holder will never beneficially own more than 4.9% of our class of common stock at any one time while any portion of the holder&#8217;s Secured Debenture remains outstanding.&nbsp; The repayment of the Secured Debentures will be secured by the Company&#8217;s patent and patent applications.&nbsp; The Debenture Warrants will be exercisable at any time, and from time to time, beginning six months after issuance and expiring two years after issuance, into shares at an exercise price of $3.00 per share.&nbsp; The Debenture Warrants contain a repurchase right by the Company.&nbsp; The shares underlying the Secured Debentures and Debenture Warrants will have registration rights.&nbsp; &nbsp;&nbsp;Units may be purchased in increments of $50,000, with the minimum investment being one Unit for $50,000.&nbsp; The Offering will be made on a continuous basis until 5:00 p.m. on March 31, 2021, which may be extended one-time by our Board of Directors until April 30, 2021 (the &#8220;Termination Date&#8221;), unless earlier terminated or canceled. There will be no closing of the Offering until a minimum of $500,000 is raised (the &#8220;Minimum Offering&#8221;). After an initial closing is held, offers to purchase Units will be aggregated for subsequent closings to be held on a monthly basis until the maximum of $2,000,000 has been raised or until the Termination Date, whichever is earlier.&nbsp; The Offering may be canceled by the Company at any time and will in any event be canceled if no closing has occurred before the Termination Date. In the event the offer to purchase Units is rejected or the Offering is canceled, then the amounts remitted will be promptly returned without interest or deduction.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of the date of this report the Company has received $1,100,000 of Offering proceeds.&nbsp;&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">The accompanying audited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (&#8220;GAAP&#8221;) as promulgated in the United States of America and pursuant to the rules and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;) for the presentation of annual financial information.</p> <p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">In management&#8217;s opinion, the audited consolidated financial statements reflect all adjustments (including reclassifications and normal recurring adjustments) necessary to present fairly the financial position for the years ended December 31, 2020 and December 31, 2019, and results of operations and cash flows for the years ended December 31, 2020 and December 31, 2019.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">The accompanying audited consolidated financial statements include the accounts of the Company and its majority owned subsidiary, TransBiotec-CA. We have eliminated all intercompany transactions and balances between entities consolidated in these audited financial statements.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of audited consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Specifically, such estimates were made by the Company for the valuation of the derivative liabilities, beneficial conversion feature expenses and intellectual technology. Actual results could differ from those estimates.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Pursuant to &nbsp;Accounting Standards Codification (&#8220;ASC&#8221;) Topic 820,&nbsp;<em>Fair Value Measurements and Disclosures</em>&nbsp;and ASC 825,&nbsp;<em>Financial Instruments</em>, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 and 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument&#8217;s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 and 825 prioritizes the inputs into three levels that may be used to measure fair value:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Level&nbsp;</em>1</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Level&nbsp;</em>2</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets: quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Level 3</em></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company&#8217;s financial instruments consist primarily of cash, accounts payable, accrued expenses, accrued interest payable, &nbsp;related party payables, notes payable, convertible debentures, and other liabilities. Pursuant to ASC 820 and 825, the fair value of our derivative liabilities is determined based on &#8220;Level 3&#8221; inputs. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The following table presents assets and liabilities that are measured and recognized at fair value as of December 31, 2020 and December 31, 2019: </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="vertical-align:bottom;"> <p style="margin:0px"><strong>December 31, 2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liabilities</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px"><strong>December 31, 2019</strong></p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liabilities</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">60,650</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. The Company does not have any cash equivalents as of December 31, 2020 and December 31, 2019.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Amounts incurred in advance of contractual performance or coverage periods are recorded as prepaid assets and recognized as expense in the period service or coverage is provided.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">From time to time, the Company may issue convertible notes that may contain a beneficial conversion feature. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of the warrants, if related warrants have been granted. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid-in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instruments are initially recorded at their fair values and are then re-valued at each reporting date, with changes in the fair value reported in the consolidated statements of operations under other income (expense). The accounting treatment of derivative financial instruments requires that the Company record the embedded conversion option at its fair value as of the inception date of the agreement and at fair value as of each subsequent balance sheet date. Any change in fair value is recorded as non-operating, non-cash income or expense for each reporting period at each balance sheet date. If the classification changes as a result of events during the period, the contract is reclassified as of the date of the event that caused the reclassification. As a result of entering into warrant agreements, for which such instruments contained a variable conversion feature with no floor, the Company has adopted a sequencing policy in accordance with ASC 815-40-35-12 whereby all future instruments may be classified as a derivative liability with the exception of instruments related to share-based compensation issued to employees or directors. For stock-based derivative financial instruments, the Company uses a Monte Carlo Simulation model to value the derivative instruments at inception and on subsequent valuation dates. </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">We apply the guidance enumerated in ASC 480 &#8220;Distinguishing Liabilities from Equity&#8221; when determining the classification and measurement of preferred stock. Preferred shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. We classify conditionally redeemable preferred shares (if any), which includes preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control, as temporary equity. At all other times, we classified our preferred shares in stockholders&#8217; equity.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">A subsidiary of the Company has minority members representing ownership interests of 1.38% at December 31, 2020 and December 31, 2019. The Company accounts for these minority, or noncontrolling interests, pursuant to ASC 810-10-65 whereby gains and losses in a subsidiary with a noncontrolling interest are allocated to the noncontrolling interest based on the ownership percentage of the noncontrolling interest, even if that allocation results in a deficit noncontrolling interest balance.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company follows the guidance of the accounting provisions of ASC 718 &#8220;Share-based Compensation&#8221;, which requires the use of the fair-value based method to determine compensation for all arrangements under which employees and others receive shares of stock or equity instruments (warrants and options). The fair value of each option award is estimated on the date of grant using the Black-Scholes options pricing model that uses assumptions for expected volatility, expected dividends, expected term, and the risk-free interest rate. The Company has not paid dividends historically and does not expect to pay them in the future. Expected volatilities are based on weighted averages of the historical volatility of the Company&#8217;s common stock estimated over the expected term of the options. The expected term of options granted is derived using the &#8220;simplified method&#8221; which computes expected term as the average of the sum of the vesting term plus the contract term as historically the Company had limited activity surrounding its options. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the period of the expected term.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company accounts for its research and development costs pursuant to ASC 730, whereby it requires the Company to disclose the amounts of costs for company and customer-sponsored research and development activities, if material. Research and development costs are expensed as incurred. The Company incurred research and development costs as it acquired new knowledge to bring about significant improvements in the functionality and design of its SOBR product. Research and development costs were $633,050 and $12,787 during the years ended December 31, 2020 and December 31, 2019, respectively.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Advertising and marketing costs are charged to operations as incurred.&nbsp; Advertising and marketing costs were $96,637 and $3,724 during the years ended December 31, 2020 and December 31, 2019, respectively.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company has a deferred tax asset of approximately $2,830,000 and $1,832,000 that is offset by a 100% valuation allowance at December 31, 2020 and December 31, 2019, respectively. Therefore, the Company has not recorded any deferred tax assets or liabilities at December 31, 2020 and December 31, 2019.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period.&nbsp; Diluted &nbsp;loss per share gives the effect to all dilutive potential common shares outstanding during the period, &nbsp;including stock options, warrants and convertible instruments.&nbsp; Diluted net loss per share excludes all potentially issuable shares if their effect is anti-dilutive.&nbsp; Because the effect of the Company&#8217;s dilutive securities is anti-dilutive, diluted net loss per share is the same as basic loss per share for the periods presented.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain financial instruments potentially subject the Company to concentrations of credit risk. Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Cash held in operating accounts may exceed the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;), insurance limits. Accounts at each institution are insured by the FDIC up to $250,000. While the Company monitors cash balances in our operating accounts on a regular basis and adjust the balances as appropriate, these balances could be impacted if the underlying financial institutions fail. To date, the Company has experienced no loss or lack of access to our cash; however, the Company can provide no assurances that access to our cash will not be impacted by adverse conditions in the financial markets. At December 31, 2020 and December 31, 2019, the Company had $0 and $431,759 in excess of the FDIC insured limit, respectively.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">Related parties are any entities or individuals that, through employment, ownership or other means, possess the ability to direct or cause the direction of the management and policies of the Company.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">In December 2019, the FASB issued ASU No. 2019-12, <em>Simplifying the Accounting for Income Taxes</em> (&#8220;ASU 2019-12&#8221;), which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, <em>Income Taxes</em>,<em> </em>and clarifies certain aspects of the current guidance to promote consistency among reporting entities. ASU 2019-12 is effective for fiscal years beginning after December 15, 2021. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The Company is evaluating the effects, if any, of the adoption of ASU 2019-12 guidance on the Company's financial position, results of operations and cash flows.</p> <p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">In August 2020, the FASB issued ASU No. 2020-06, <em>Debt&#8212;Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging&#8212;Contracts in Entity&#8217;s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity&#8217;s Own Equity, </em>which address issues identified as a result of the complexity associated with applying generally accepted accounting principles for certain financial instruments with characteristics of liabilities and equity. This amendment is effective for public business entities that meet the definition of a SEC filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company is evaluating the effects, if any, of the adoption of ASU 2020-06 guidance on the Company's financial position, results of operations and cash flows.</p> <p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">In October 2020, the FASB issued ASU No. 2020-08, <em>Codification Improvements to Subtopic 310-20, Receivables-Nonrefundable Fees and Other Costs, </em>amendments the guidance in ASU No. 2017-08, (Subtopic 310-20): <em>Premium Amortization on Purchased Callable Debt Securities</em>, which addresses multiple call dates of a callable debt security. This amendment is effective for public business entities, for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early application is not permitted. The Company is evaluating the effects, if any, of the adoption of ASU 2020-08 guidance on the Company's financial position, results of operations and cash flows.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="vertical-align:bottom;"> <p style="margin:0px"><strong>December 31, 2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liabilities</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px"><strong>December 31, 2019</strong></p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liabilities</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">60,650</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Property and equipment&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">47,725</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Intangible assets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">29,175,230</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Total assets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">29,222,955</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net purchase (fair value of stock issued, warrants and notes payable) </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">29,222,955</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;">&nbsp;<strong>December 31,&nbsp;</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;&nbsp; December31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong> </p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Insurance&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">3,370</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Consulting services </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">111,860</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">7,343</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Other prepaid expenses </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,711</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Prepaid expenses </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">115,230</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">9,054</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;">&nbsp;<strong>December 31, </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Robotics and testing equipment&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">46,200</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Office furniture and equipment </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,525</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">47,725</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Accumulated depreciation </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(7,340</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net property and equipment disposed </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(40,385</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Property and equipment, net </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;">&nbsp;<strong>Gross Carrying</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Amount&nbsp;</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;Accumulated</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Amortization&nbsp;&nbsp;&nbsp;</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;Net Intangible</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Asset&nbsp;</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;Amortization Period</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>(in years)</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="vertical-align:top;"> <p style="margin:0px">SOBR Safe</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Intellectual Technology</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">3,854,675</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">224,854</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">3,629,821</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">10</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2021</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;2022&nbsp;</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;2023</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp; 2024</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;2025</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;Thereafter</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:14%;"> <p style="MARGIN: 0px; text-align:right;">385,467</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:14%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">385,467</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:14%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">385,467</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:14%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">385,467</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:14%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">385,467</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:13%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,702,486</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Convertible Notes Payable </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">161,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Conventional Non-Convertible Notes Payable </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">11,810</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">328,423</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Notes Payable with Detached Free-standing Warrants</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">280,119</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Unamortized Discount </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(8,656</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net Related Party Notes Payable</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">11,810</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">760,886</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Convertible Notes Payable </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">56,683</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">143,136</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Conventional Non-Convertible Notes Payable </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">42,500</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">21,438</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Notes Payable with Detached Free-standing Warrants </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">5,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">5,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net Non-Related Party Notes Payable</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">104,183</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">169,574</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2019&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">60,650</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Fair market value adjustments (including settlements)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(60,650</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2020</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Dec. 31, 2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Dec. 31, 2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:bottom;"> <p style="margin:0px">Exercise Price&nbsp; </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.50-$2.00</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.1330-$1.0394</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Dividend Yield&nbsp; </p></td> <td style="width:1%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td style="width:1%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td style="width:12%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">%</p></td> <td style="width:1%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td style="width:1%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td style="width:12%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">%</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Volatility&nbsp; </p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp; 153%-154%</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134% - 167%</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Risk-free Interest Rate&nbsp; </p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;0.19%- 0.29%</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp; 1.69% &#8211; 2.40%</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Life of Warrants</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;5 Years</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; .038-5 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Warrants</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Outstanding</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Number of</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Shares</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Price Per</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Share</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average Remaining Contractual Life</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise Price Per Share</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Aggregate </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Intrinsic Value</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="width:38%;vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2018</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">721,678</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">$</p></td> <td style="width:13%;"> <p style="MARGIN: 0px; text-align:right;">0.1397 - 0.6319</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="MARGIN: 0px; text-align:right;">3.45 Years</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.1929</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Warrants Granted</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">916,579</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.06 - 0.2062</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">3.97 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.2860</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2,022,912</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Warrants Exercised</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(1,038,339</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.1430 - 0.1497</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.1463</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Warrants Expired</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(1,504</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.6319</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.6319</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2019</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">598,414</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">.13304 - 1.039375</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">3.97 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.3592</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,276,870</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp; </p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Warrants</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Outstanding</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Number of</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Shares</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Price Per</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Share</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average Remaining Contractual Life</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise&nbsp;Price Per Share</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Aggregate Intrinsic Value</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="width:38%;vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2019</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">598,414</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">$</p></td> <td style="width:13%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.13304 &#8211; 1.039375</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="MARGIN: 0px; text-align:right;">3.97 Years</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.3592</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,276,870</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Warrants Granted</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">440,000</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.50-2.00</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">4.41 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.9091</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">898,000</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Warrants Exercised</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(454,097</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.13304 - 0.15299</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.1451</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Warrants Expired&nbsp;&nbsp; </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2020</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">584,317</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 &#8211; 2.00</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">3.80 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.9413</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,173,737</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:bottom;"> <p style="margin:0px">Exercise Price </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">$</p></td> <td style="width:12%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.645-3.30</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">$</p></td> <td style="width:12%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.026-1.039</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Dividend Yield </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">%</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">%</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Expected Volatility </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">162%-181</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">%&nbsp;&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">133%-146</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">%&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Risk-free Interest Rate </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">0.19%-0.43</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">%&nbsp;&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">1.61%-1.70</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">%&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Expected Life </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">1- 2.7 years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td></td> <td> <p style="MARGIN: 0px; text-align:right;">2.0-7.17years</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Options</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Outstanding</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Number of </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Shares</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise Price Per</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;Share </strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average Remaining Contractual Life</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise&nbsp;Price Per Share</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Aggregate Intrinsic Value </strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="width:39%;vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2018</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">53,368</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">$</p></td> <td style="width:12%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.1497 &#8211; 8.31</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.32 Years</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.2761</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Granted</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2,381,239</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.26341-1.0393</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.00 Years </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.2960</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">5,238,080</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Exercised</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Cancelled</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(45,100</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.1497</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.1497</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Expired</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(8,268</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.2328-8.31 </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.00 Years </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.9678</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2019</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2,381,239</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.2634 &#8211; 1.039</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.00 Years </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.2761</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">5,238,080</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;&nbsp; </p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Options</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Outstanding</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Number of </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Shares</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp; Exercise </strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Price Per</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>&nbsp;Share </strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average Remaining Contractual Life</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise&nbsp;Price Per Share</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Aggregate Intrinsic Value </strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2019</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:10%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2,381,239</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">$</p></td> <td style="width:13%;"> <p style="MARGIN: 0px; text-align:right;">0.2634-1.039</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:10%;"> <p style="MARGIN: 0px; text-align:right;">9.00 Years</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:10%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.2761</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:10%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">5,238,080</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Granted</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">236,894</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.2635&#8211;3.300</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">1.84 Years </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2.6661</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">67,265</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Exercised</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(45,906</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1.039</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Cancelled</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Options Expired</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance at December 31, 2020</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2,572,227</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.26342&#8211;3.300</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">7.45 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.4999</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">6,302,277</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Exercisable at December 31, 2019 </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">539,847</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.2634&#8211;1.03938</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">8.2 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.4</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,129,786</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Exercisable at December 31, 2020 </p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,252,474</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">$</p></td> <td> <p style="MARGIN: 0px; text-align:right;">0.26342&#8211;3.300</p></td> <td> <p style="MARGIN: 0px; text-align:right;">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:right;">7.4 Years</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">0.3165</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">3,299,006</p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="vertical-align:top;"> <p style="margin:0px">Income tax benefit attributable to:</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net loss</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(29,982,222</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(1,249,032</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Permanent differences</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,830,697</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">313,778</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Valuation allowance</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">28,151,525</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">935,254</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Net provision for income tax&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="vertical-align:top;"> <p style="margin:0px">Deferred tax asset attributable to:</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net operating loss carry forward</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">2,163,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">1,832,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Valuation allowance</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(2,163,000</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(1,832,000</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net deferred tax asset</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The cumulative tax effect at the expected state tax rate of 5% of significant items comprising our net deferred tax amount is as follows on December 31, 2020 and 2019:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;&nbsp; </p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:center;"><strong>December 31,</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="vertical-align:top;"> <p style="margin:0px">Deferred tax asset attributable to:</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net operating loss carry forward</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">667,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">482,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Valuation allowance</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(667,000</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(482,000</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net deferred tax asset</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="font-size:10pt;font-family:times new roman;margin:0px"></p></div> 0 0 0 0 0 0 0 0 0 0 0 60650 0.0138 96637 3724 250000 0 2830000 1832000 1 0.0138 431759 800000000 100000000 800000000 0.00001 0.00001 0.00001 The effective dates of the above actions were June 5, 2020 and April 20, 2020, respectively, and the actual reverse stock split ratio was 1-for-33.26. Reverse stock split of the Company&#8217;s outstanding common stock at a ratio between 1-for-32 and 1-for-35 (with the exact ratio to be determined by the directors in their sole discretion without further approval by the shareholders). The Company initiated a Private Offering (the &#8220;Offering&#8221;) of up to 40 Units ($2,000,000) with each Unit consisting of one $50,000 principal amount secured convertible debenture, convertible at $3.00 per share, and a Warrant to purchase 25,000 shares of the Company&#8217;s common stock at $3.00 per share. The Secured Debentures carry interest at 12% and mature 24 months after issuance. The Warrants are exercisable six months after issuance and expire 24 months after issuance . The Offering will be made on a continuous basis until March 31, 2021, which may be extended one-time by our Board of Directors until April 30, 2021 (the &#8220;Termination Date&#8221;), unless earlier terminated or canceled. There will be no closing of the Offering until a minimum of $500,000 is raised. After an initial closing is held, offers to purchase Units will be aggregated for subsequent closings to be held on a monthly basis until the maximum of $2,000,000 has been raised or until the Termination Date, whichever is earlier. 1100000 47725 29175230 29222955 29222955 158000 125000 0.50 1407051 29222955 12000000 320000 695454 The Company evaluated the fair value of the 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. 12000000 12000000 0.50 0.1 1485189 i) The Company had to be current inreporting requirements under the Securities Exchange Act of 1934, as amended, (ii) had to complete a reverse stock split of common stock such that approximately 8,000,000 shares were outstanding immediately prior to closing the transaction, (iii) could only have outstanding convertible instruments as set forth in the APA, (iv) authorized common stock had to be reduced to 100,000,000 shares, and (v) not have more than approximately $125,000 in current liabilities. 0 3370 111860 0 7343 1711 142714 87500 33000 47725 -7340 -40385 0 46200 1525 0 7340 P3Y P10Y 3854675 224854 3629821 385467 385467 385467 385467 385467 1702486 0 224854 0.09 0.50 0.50 112871 31662 969601 74672 74672 24053 0.2635 4592 0 P5Y P5Y 352776 79557 0.2635 1058329 14080 58796 213000 24053 Stock options to vest in 36 equal monthly installments of 977,777 shares during the three-year term of the Moore Agreement. 1.1 40091 P10Y 240530 240530 Stock options to vest in 36 equal monthly installments of 666,666 shares during the three-year term of the Gandini Agreement 200439 1.1 721588 185000 0.2635 240530 54720 57574 214334 4100 0 39315 The term of this operating lease ran from July 1, 2015 to June 30, 2019. From July 1, 2019 through December 31, 2019, the Company leased the same office space on a month to month basis. Rent expense, including CAM charges, 867932 260954 0.133 3.326 36887 831045 520643 0.133 156537 22157 498516 394901 9656 56478 45000 11478 2000 657 0.133 0.1430 9656 96303 77927 18376 2000 5350 643438 454097 0.133 0.1497 420926 595000 2000 535500 3.326 6831 9656 1.41 24053 0 0 P5Y 0.2635 4592 9656 38437 49000 127480 0.2635 P5Y 0 2271 24053 127840 586 1950 1000 3.326 1950 499965 456641 186341 144000 0.91465 270300 214883 714700 222000 3.326 714700 84963 282588 180001 102587 70000 3.326 63225 210285 169606 52000 40679 3.326 214334 0 31662 31662 106335 0 9508 428668 2015-12-02 108000 108000 454097 0 22585 66000 66000 9520 3.326 180397 273700 0.133 0.153 74672 38199 0 161000 11810 328423 0 280119 0 -8656 11810 760886 56683 143136 42500 21438 5000 5000 104183 169574 17415 56546 98313 91845 21438 0.07 0.1 0 0.1 3103028 1551514 1407675 1485189 70000 0.50 7689 0.1 41665 0.01 61875 42000 242 The loan requires interest at 1% and 18 monthly payments of principal and interest beginning December 5, 2020. 47500 0.05 61875 25000 0.3 61875 50135 601783 280119 316613 343000 549311 232698 47500 25000 22500 2 0.05 11697 0.1530 0.1 0.07 0.1330 83953 56683 143136 20313 5920 5920 166749 82797 68000 0 161000 0.1 64800 0 56000 157000 143119 91000 52119 7689 280119 280119 38998 38998 8656 37072 0 8656 320858 40739 3938 63623 67561 14000 0 0 5000 5000 0.1 2014-09-11 11810 328423 342399 316613 549311 316613 232698 316613 0.05 2013-01-31 0.18 2022-06-09 0.05 2012-02-08 0.0565 0.3 2022-03-06 10.7619 -60650 0.0013 1.8 60650 4150 0 60650 64800 64800 273642 28000 70000 0.1 Convertible into the Company&#8217;s common shares at a variable conversion price based on a 50% discount of the market price at an undetermined future date. 28100 8700 P1M P1Y 417491 1388575 3.326 1329561 0.1430 27120000 43169 43169 595500 0.1497 0.0143 2700000 107880 152781 1038339 1038339 1065982 1065982 39000 39000 852196 272299 260150 454097 65728 454097 0.1530 Accrued expenses from $0.5821 to $3.326 per share. 62000 266000 159395 0.1530 72159 3103028 0.50 1551514 41665 3.326 65391 70448 648739 622004 143660 124291 1025 20.29 107880 25000000 2700000 831045 3.326 2700000 2700000 1000000 2700000 1000000 1000000 0.08 2000000 1 (a) dividend rights of 8% per annum based on the original issuance price of $1 per share, (b) liquidation preference over the Company&#8217;s common stock, (c) conversion rights into shares of the Company&#8217;s common stock at $1 per share (not to be affected by any reverse stock split in connection with the Asset Purchase Agreement with IDTEC), (d) redemption rights such that we have the right, upon 30 days written notice, at any time after one year from the date of issuance, to redeem all or part of the Series A-1 Convertible Preferred Stock for 150% of the original issuance price, (e) no call rights by the Company, and (f) each share of Series A-1 Convertible Preferred Stock will vote on an &#8220;as converted&#8221; basis The Company agreed to enter into a &#8220;business development&#8221; agreement with FCV, or its assignee, on the sale of the first $1,000,000 of 8% Series A-1 Convertible Preferred Stock and also granted FCV and its assigns, the right to use the name &#8220;SOBR SAFE&#8221; and any related intellectual property in connection with the SPV, and the offering of the Interests in the SPV. 144317 122889 1.039375 The Company desires to raise between $1,000,000 and $2,000,000 from the sale of its 8% Series A-1 Convertible Preferred Stock and FCV intends to raise between $1,000,000 and $2,000,000 (net after offering expenses) in a special purchase vehicle (&#8220;SPV&#8221;) created by FCV to purchase the 8% Series A-1 Convertible Preferred Stock. The Company granted FCV and its assigns, the exclusive right to purchase the 8% Series A-1 Convertible Preferred Stock. 3000000 0.000001 Series A Convertible Preferred Stock are convertible at a 35% discount rate to the average closing price per share of the Company&#8217;s common stock (either as listed on a national exchange or as quoted over-the-market) for the last 15 trading days immediately prior to conversion. However, no conversions of the Series A Convertible Preferred Stock to shares of common stock can occur unless the average closing price per share of the Corporation&#8217;s common stock (either as listed on a national exchange or as quoted over-the-market) for the last 15 trading days immediately prior to conversion is at least $1.67. The shares of Series A Convertible Preferred Stock vote on a one for one basis. The right of conversion is limited by the fact the holder of the Series A Convertible Preferred Stock may not convert if such conversion would cause the holder to beneficially own more than 4.9% of the Company&#8217;s common stock after giving effect to such conversion. 39992 39992 147587 60087 111024 60087 253687 79624 1000000 1000000 0 P5Y .50 0.1330 1.53 1.34 0.0019 P14D 0.0169 2.00 P5Y 1.0394 1.54 1.67 0.0029 0.024 0.6319 598414 721678 440000 916579 -454097 -1038339 -1503 584317 0.13304 0.1397 0.50 0.06 0.13304 0.1430 0.50 1.039375 0.6319 2.00 0.2062 0.15299 0.1497 2.00 P3Y11M19D P3Y5M12D P4Y4M28D P3Y11M19D P3Y9M18D P3Y11M19D 0.3592 0.1929 0.9091 0.2860 0.1451 0.1463 0.9413 0.3592 0.6319 1276870 0 898000 2022912 1173737 1276870 1.039 0 P2Y8M9D 0.0161 0.0019 P2Y 1.63 0.026 1.33 1.643 1.71 1.46 0.017 0.0043 P7Y2M1D 3.30 0 2381239 53368 236894 2381239 -45906 -45100 -8268 2572227 539847 1252744 1.039 0.1497 P9Y P2Y3M26D P1Y10M2D P9Y P9Y P7Y5M12D P9Y P9Y P7Y4M24D 0.2761 0.2761 0.2960 2.6661 0.1497 0.9678 0.4999 0.2761 0.4523 0.3165 0 0 67265 5238080 0 0 0 0 0 0 6302292 5238080 807801 3298370 0.2634 0.1497 1.645 0.26341 0 0.2328 0.26342 0.2634 0.26342 1.039 8.31 1.0393 3.300 8.31 3.300 1.03938 3.300 120000 2.00 220000 48106 0.2635 50000 50000 0 656000 721588 521146 240521 (i) 200,439 Pre-Vesting Option Shares representing the monthly vesting option shares for the ten months ended October 31, 2019 to vest on November 1, 2019; and (ii) the remaining 40,090 Pre-Vesting Option Shares representing the monthly vesting option shares for the two months ended December 31, 2019 shall vest on January 1, 2020. Stock options to vest in 36 equal monthly installments of 20,044 shares during the three-year term of the employment agreement. 0.2634 P10Y 65875 454097 454097 454097 P5Y 320000 0.50 2521922 2285028 0.26341 P7Y5M30D P9Y 0.2641 2521922 2285028 its common stock at exercise prices ranging from $1.645 to $3.30 to certain employees and key consultants. The fair value of the options granted was approximately $186,000. The stock options vest monthly and quarterly over 1 to 3-year terms. 1894 3848467 15000 1202168 539847 1326545 1563439 236000 1319753 1745181 Stock options to vest in 36 equal monthly installments of 29,398 shares during the three-year term of the employment agreement. 1058328 P3Y 0.2634 411572 58796 0 1000000 1.00 144317 1.039375 144317 144317 584317 598414 440000 916579 915124 160544 P5Y The number of shares to be issued to Mr. Lanphere as a Stock Fee under each Agreement was an estimate and varied based on the loan amount and the price of our common stock on the day of the loan and was calculated by this formula: 60% or 80% of the loan amount divided by the Company&#8217;s stock price on the day of the loan, but at a price per share no higher than $0.025. -1249032 -29982222 313778 1830697 935254 28151525 0 0 482000 667000 1832000 13304000 -482000 -667000 -1832000 -2163000 0 0 0 0 2040 1832000 2830000 1 187000 998000 0.21 0.21 13346000 9634000 0.05 0.05 11164 1000 28786 63978 64679 11164 53000 83000 2020-10-31 2800 2900 1300 3.00 43169 25000 50000 3.00 0.12 The Debenture Warrants will be exercisable at any time, and from time to time, beginning six months after issuance and expiring two years after issuance, into Shares at an exercise price of $3.00 per share. The Debenture Warrants contain a repurchase right by the Company. The Shares underlying the Secured Debentures and Debenture Warrants will have registration rights. Units may be purchased in increments of $50,000, with the minimum investment being one Unit for $50,000. The Offering will be made on a continuous basis until 5:00 p.m. on March 31, 2021, which may be extended one-time by our Board of Directors until April 30, 2021 (the &#8220;Termination Date&#8221;), unless earlier terminated or canceled. There will be no closing of the Offering until a minimum of $500,000 is raised (the &#8220;Minimum Offering&#8221;). After an initial closing is held, offers to purchase Units will be aggregated for subsequent closings to be held on a monthly basis until the maximum of $2,000,000 has been raised or until the Termination Date, whichever is earlier. 600000 EX-101.SCH 8 imle-20201231.xsd XBRL TAXONOMY EXTENSION SCHEMA 000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink 000002 - Statement - CONSOLIDATED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 000003 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 000004 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS link:presentationLink link:calculationLink link:definitionLink 000005 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) link:presentationLink link:calculationLink link:definitionLink 000006 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 000007 - Disclosure - ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 000008 - Disclosure - GOING CONCERN link:presentationLink link:calculationLink link:definitionLink 000009 - Disclosure - ASSET PURCHASE link:presentationLink link:calculationLink link:definitionLink 000010 - Disclosure - PREPAID EXPENSES link:presentationLink link:calculationLink link:definitionLink 000011 - Disclosure - PROPERTY AND EQUIPMENT link:presentationLink link:calculationLink link:definitionLink 000012 - Disclosure - INTANGIBLE ASSETS link:presentationLink link:calculationLink link:definitionLink 000013 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:calculationLink link:definitionLink 000014 - Disclosure - NOTES PAYABLE link:presentationLink link:calculationLink link:definitionLink 000015 - Disclosure - DERIVATIVE LIABILITY link:presentationLink link:calculationLink link:definitionLink 000016 - Disclosure - COMMON STOCK link:presentationLink link:calculationLink link:definitionLink 000017 - Disclosure - PREFERRED STOCK link:presentationLink link:calculationLink link:definitionLink 000018 - Disclosure - STOCK SUBSCRIPTIONS PAYABLE link:presentationLink link:calculationLink link:definitionLink 000019 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS link:presentationLink link:calculationLink link:definitionLink 000020 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 000021 - Disclosure - INCOME TAXES link:presentationLink link:calculationLink link:definitionLink 000022 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 000023 - Disclosure - ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 000024 - Disclosure - ORGANIZATION OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:calculationLink link:definitionLink 000025 - Disclosure - ASSET PURCHASE (Table) link:presentationLink link:calculationLink link:definitionLink 000026 - Disclosure - PREPAID EXPENSES (Tables) link:presentationLink link:calculationLink link:definitionLink 000027 - Disclosure - PROPERTY AND EQUIPMENT (Table) link:presentationLink link:calculationLink link:definitionLink 000028 - Disclosure - INTANGIBLE ASSETS (Table) link:presentationLink link:calculationLink link:definitionLink 000029 - Disclosure - NOTES PAYABLE (Tables) link:presentationLink link:calculationLink link:definitionLink 000030 - Disclosure - DERIVATIVE LIABILITY (Tables) link:presentationLink link:calculationLink link:definitionLink 000031 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS (Tables) link:presentationLink link:calculationLink link:definitionLink 000032 - Disclosure - INCOME TAXES (Tables) link:presentationLink link:calculationLink link:definitionLink 000033 - Disclosure - ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) link:presentationLink link:calculationLink link:definitionLink 000034 - Disclosure - ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000035 - Disclosure - GOING CONCERN (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000036 - Disclosure - ASSET PURCHASE (Details) link:presentationLink link:calculationLink link:definitionLink 000037 - Disclosure - ASSET PURCHASE (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000038 - Disclosure - PREPAID EXPENSES (Details) link:presentationLink link:calculationLink link:definitionLink 000039 - Disclosure - PREPAID EXPENSES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000040 - Disclosure - PROPERTY AND EQUIPMENT (Details) link:presentationLink link:calculationLink link:definitionLink 000041 - Disclosure - PROPERTY AND EQUIPMENT (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000042 - Disclosure - INTANGIBLE ASSETS (Details) link:presentationLink link:calculationLink link:definitionLink 000043 - Disclosure - INTANGIBLE ASSETS (Details 1) link:presentationLink link:calculationLink link:definitionLink 000044 - Disclosure - INTANGIBLE ASSETS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000045 - Disclosure - RELATED PARTY TRANSACTIONS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000046 - Disclosure - NOTES PAYABLE (Details) link:presentationLink link:calculationLink link:definitionLink 000047 - Disclosure - NOTES PAYABLE (Details 1) link:presentationLink link:calculationLink link:definitionLink 000048 - Disclosure - NOTES PAYABLE (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000049 - Disclosure - DERIVATIVE LIABILITY (Details) link:presentationLink link:calculationLink link:definitionLink 000050 - Disclosure - DERIVATIVE LIABILITY (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000051 - Disclosure - COMMON STOCK (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000052 - Disclosure - PREFERRED STOCK (Details Narratve) link:presentationLink link:calculationLink link:definitionLink 000053 - Disclosure - STOCK SUBSCRIPTIONS PAYABLE (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000054 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS (Details) link:presentationLink link:calculationLink link:definitionLink 000055 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS (Details 1) link:presentationLink link:calculationLink link:definitionLink 000056 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS (Details 2) link:presentationLink link:calculationLink link:definitionLink 000057 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS (Details 3) link:presentationLink link:calculationLink link:definitionLink 000058 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000059 - Disclosure - INCOME TAXES (Details) link:presentationLink link:calculationLink link:definitionLink 000060 - Disclosure - INCOME TAXES (Details 1) link:presentationLink link:calculationLink link:definitionLink 000061 - Disclosure - INCOME TAXES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000062 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000063 - Disclosure - SUBSEQUENT EVENTS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 9 imle-20201231_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Cover [Abstract] Entity Registrant Name Entity Central Index Key Document Type Amendment Flag Entity Voluntary Filers Current Fiscal Year End Date Entity Well Known Seasoned Issuer Entity Small Business Entity Shell Company Entity Emerging Growth Company Entity Current Reporting Status Document Period End Date Entity Filer Category Document Fiscal Period Focus Document Fiscal Year Focus Entity Common Stock Shares Outstanding Entity Public Float Document Annual Report Document Transition Report Entity Interactive Data Current CONSOLIDATED BALANCE SHEETS Statement [Table] Statement [Line Items] Statement Class Of Stock Axis Series A Convertible Preferred Stock [Member] Series A-1 Convertible Preferred stock [Member] ASSETS Current assets Cash Prepaid expenses Total current assets [Assets, Current] SOBR Safe Intellectual Technology, net of accumulated amortization of $224,854 at December 31, 2020 Other assets Total Assets [Assets] LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities Accounts payable Accrued expenses Accrued interest payable Related party payables Derivative liabilities Common stock subscriptions payable Preferred stock subscriptions payable Notes payable - current - related parties Notes payable - current - non-related parties Total current liabilities [Liabilities, Current] Total Liabilities [Liabilities] Stockholders' Equity (Deficit) Preferred stock, $0.00001 par value; 19,300,000 shares authorized, no shares issued or outstanding as of December 31, 2020 and December 31, 2019 Common stock, $0.00001 par value; 100,000,000 shares authorized; 25,922,034 and 6,452,993 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively, after 1-for-33.26 reverse stock split Additional paid-in capital Accumulated deficit Total SOBR Safe, Inc. stockholders' equity (deficit) Noncontrolling interest Total Stockholders' Equity (Deficit) Total Liabilities and Stockholders' Equity (Deficit) [Liabilities and Equity] Current liabilities Notes payable current - related parties, unamortized debt discount Stockholders' Deficit Common stock, shares par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Preferred stock, shares par value Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding CONSOLIDATED STATEMENTS OF OPERATIONS Revenues Operating expenses: General and administrative Stock-based compensation expense Management salaries and consulting fees Research and development Total operating expenses [Operating Expenses] Loss from operations [Operating Income (Loss)] Other income (expense): Loss on debt extinguishment, net [Gain (Loss) on Extinguishment of Debt] Loss on disposal of property and equipment [Gain (Loss) on Disposition of Property Plant Equipment] Gain on fair value adjustment - derivatives Interest expense [Interest Expense] Amortization of interest - beneficial conversion feature [Amortization of interest - beneficial conversion feature] Asset impairment adjustment [Asset Impairment Charges] Total other expense, net [Other Noncash Income (Expense)] Loss before provision for income taxes [Income (Loss) from Continuing Operations before Income Taxes, Domestic] Provision for income taxes Provision for income tax Net loss [Net Income (Loss) Attributable to Parent] Net loss attributable to noncontrolling interest Net loss attributable to SOBR Safe, Inc. [Income (Loss) Attributable to Parent, before Tax] Dividends on convertible preferred stock Net loss attributable to common stockholders Basic and diluted loss per common share Weighted average number of common shares outstanding CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) Equity Components [Axis] Common Stock [Member] Preferred Stock [Member] Additional Paid-in Capital [Member] Accumulated Deficit [Member] Noncontrolling Interest [Member] Stockholders Deficit SOBR Safe Inc [Member] Balance, shares [Shares, Issued] Balance, amount Common stock issued for cash, shares Common stock issued for cash, amount Common stock issued for executive compensation, shares Common stock issued for executive compensation, amount Common stock issued due to stock warrants exercise, shares Common stock issued due to stock warrants exercise, amount Common stock issued upon conversion of convertible preferred stock to common stock, shares Common stock issued upon conversion of convertible preferred stock to common stock, amount Paid-in capital - fair value of stock warrants granted Paid-in capital - fair value of related party stock options vested Paid-in capital - fair value of non-related party stock options granted Paid-in capital - gain on related party executive compensation conversion Paid-in capital - gain on related party debt conversion Paid-in capital - gain on related party preferred stock conversion Paid-in capital - beneficial conversion feature Net loss Common stock issued for compensation, shares Common stock issued for compensation, amount Common stock issued for asset purchase, shares Common stock issued for asset purchase, amount Common stock issued to settle accounts payable and accrued expenses, shares Common stock issued to settle accounts payable and accrued expenses, amount Common stock issued to settle related party payables, shares Common stock issued to settle related party payables, amount Common stock issued to settle related party debt, shares Common stock issued to settle related party debt, amount Common stock issued to settle non-related party debt, shares Common stock issued to settle non-related party debt, amount Common stock issued upon conversion of related party debt and accrued interest, shares Common stock issued upon conversion of related party debt and accrued interest, amount Series A-1 Convertible Preferred stock issued for cash, shares Series A-1 Convertible Preferred stock issued for cash, amount Paid-in capital - fair value of stock options vested Paid-in capital - gain on related party payables conversion Paid-in capital - loss on debt extinguishment Dividends - Series A-1 Convertible Preferred stock Balance, shares Balance, amount CONSOLIDATED STATEMENTS OF CASH FLOWS Operating Activities: Net loss Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization Loss on debt extinguishment, net [Loss on debt extinguishment, net] Loss on disposal of property and equipment Change in fair value of derivative liability Interest expense-embedded conversion feature Amortization-debt discount Amortization of interest - beneficial conversion feature [Amortization of interest - beneficial conversion feature 1] Stock warrants expense Stock options expense Stock-based compensation expense [Share-based Payment Arrangement, Expense, after Tax] Asset impairment adjustment Changes in assets and liabilities: Prepaid expenses [Increase (Decrease) in Prepaid Expense] Other assets [Increase (Decrease) in Other Deposits] Accounts payable [Increase (Decrease) in Accounts Payable] Accrued expenses [Increase (Decrease) in Accrued Liabilities] Accrued interest payable [Increase (Decrease) in Interest Payable, Net] Related party payables [Increase (Decrease) in Due to Related Parties] Stock subscriptions payable Net cash used in operating activities [Net Cash Provided by (Used in) Operating Activities] Investing Activities: Proceeds from disposal of property and equipment Financing Activities: Proceeds from notes payable - related parties Proceeds from notes payable - non-related parties Proceeds from issuances of common stock - non-related parties Proceeds from offering of preferred stock - related parties Net cash provided by financing activities [Net Cash Provided by (Used in) Financing Activities] Net Change In Cash [Cash, Period Increase (Decrease)] Cash At The Beginning Of The Period [Cash and Cash Equivalents, at Carrying Value] Cash At The End Of The Period Schedule Of Non-Cash Investing And Financing Activities: Prepaid expenses with common shares Issuance of common stock, stock warrants and convertible note for asset purchase Accounts payables and accrued expenses converted to capital Related party payables converted to capital Gain on related party payables converted to capital Related party debt converted to capital Related party debt converted to capital after exercise of cashless stock warrants Gain on related party debt converted to capital Non-related party debt converted to capital Shares issued for cash received in prior years Shares issued for executive compensation in prior year Gain on related party conversion of preferred stock into common stock Shares to be issued for accrued dividends Fair value of embedded conversion feature Intrinsic value-beneficial conversion feature Fair value of stock options granted Fair value of stock warrants granted Exercise of cashless stock warrants Supplemental Disclosure: Cash paid for interest Cash paid for income taxes ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES GOING CONCERN NOTE 2. GOING CONCERN ASSET PURCHASE NOTE 3. ASSET PURCHASE PREPAID EXPENSES NOTE 4. PREPAID EXPENSES PROPERTY AND EQUIPMENT NOTE 5. PROPERTY AND EQUIPMENT INTANGIBLE ASSETS NOTE 6. INTANGIBLE ASSETS RELATED PARTY TRANSACTIONS NOTE 7. RELATED PARTY TRANSACTIONS NOTES PAYABLE NOTE 8. NOTES PAYABLE DERIVATIVE LIABILITY NOTE 9. DERIVATIVE LIABILITY COMMON STOCK NOTE 10. COMMON STOCK PREFERRED STOCK NOTE 11. PREFERRED STOCK STOCK SUBSCRIPTIONS PAYABLE NOTE 12. STOCK SUBSCRIPTIONS PAYABLE STOCK WARRANTS AND STOCK OPTIONS NOTE 13. STOCK WARRANTS AND STOCK OPTIONS COMMITMENTS AND CONTINGENCIES NOTE 14. COMMITMENTS AND CONTINGENCIES INCOME TAXES NOTE 15. INCOME TAXES SUBSEQUENT EVENTS NOTE 16. SUBSEQUENT EVENTS Basis of Presentation Principles of consolidation Use of Estimates Financial Instruments Cash Cash and Cash Equivalents, Policy [Policy Text Block] Prepaid Expenses Beneficial Conversion Features Derivative Instruments Preferred Stock Minority Interest (Noncontrolling Interest) Stock-based compensation Research and Development Advertising and Marketing Costs Income tax Net loss per share Concentration of Credit Risk Related Parties New Pronouncements Schedule of fair value of assets and liabilities Summary of closing transactions Schedule of prepaid expenses Summary of property plant and equipment Summary of Intangible Assets Schedule of estimated future amortization expense Schedule of notes payables - related parties Schedule of notes payables - non related parties Schedule of activity of derivative liability Schedule of fair value of non-employee stock/warrants Schedule of outstanding warrants Schedule of fair value of stock options Schedule of outstanding options Schedule of provision for income tax Schedule of deferred tax asset Financial Instrument Axis Level 1 [Member] Level 2 [Member] Level 3 [Member] Derivative liabilites Fair value assets and liabilities Plan Name [Axis] Annual Meeting of Shareholders [Member] Research and development costs Ownership interest, percentage Advertising and marketing costs FDIC insured limit FDIC exceed amount Deferred tax asset Valuation allowance, percentage Common stock, shares authorized Common stock, par value Description of reverse stock split Award Date [Axis] Private Offering [Member] January 15, 2021 [Member] Accumulated deficit Net cash used in operating activities Termination date description Offering amount Property and equipment Intangible assets Total assets Net purchase (fair value of stock issued, warrants and notes payable) Business Acquisition [Axis] Asset Purchase Agreement [Member] IDTEC [Member] Liability required Exercise price per share Assets purchase upon shares issued Assets purchase upon shares issued, shares Common stock issuable upon exercise of warrant, shares Asset impairment loss Fair value of warrants issued Description of fair value of assets evaluation Common stock, shares issued upon assets purchase Convertible notes, conversion price Interest rate Convertible Notes Payable Agreement Description Insurance Consulting services Other prepaid expenses Prepaid expenses Title of Individual [Axis] Two Consulting Agreements [Member] Common stock shares issued for cash, value Common stock shares issued for cash, shares Stock- based compensation Property, Plant and Equipment, Type [Axis] Robotics and testing equipment [Member] Office furniture and equipment [Member] Property and equipment, gross Accumulated depreciation Net property and equipment disposed Property and equipment, net Asset Class [Axis] Property, Plant and Equipment [Member] Depreciation Estimated useful life Intellectual Technology [Member] Amortization Period Intangible assets, gross Accumulated amortization Intangible assets, net 2021 2022 2023 2024 2025 Thereafter Amortization expense Related Party [Axis] Related Party Transaction [Axis] Gary Graham [Member] Kevin Moore [Member] Mr. David Gandini [Member] Employment Agreement [Member] Lanphere Law Group [Member] Lease agreement [Member] Vernon Justus [Member] Share Exchange Agreement [Member] Michael Lanphere [Member] Devadatt Mishal [Member] Stock Purchase Plan [Member] Charles Bennington [Member] Nick Noceti [Member] Prakash Gadgil [Member] Stock Purchase Plan One [Member] Devdatt Mishal [Member] Stock Purchase Plan Three [Member] Vemon Justus [Member] Stock Purchase Plan Two [Member] December 3 2014 [Member] Common stock conversion price Legal fees in accounts payable, percentages Attorney fees and costs, percentages Exercise price Debt amount after debt forgiveness Acquired shares Note payable amount Attorney fees and costs Common stock acquire Exercise price per share Stock option expense Options vested Expected lives Annual base salary Common stock, shares issued Stock options description Fair market value of common stock Remaining pre-vesting option shares Stock options term Pre-vesting option shares Aggregate of additional option shares Shares acquire Monthly rent General and administrative expense Operating lease term description Convertible preferred stock converted Common stock shares issuable for preferred stock Conversion price Fair value of the common shares Additional paid-in capital Common stock shares issuable Reduction in related party debt Reduction in related party debt, principal Reduction in related party debt, interest Gain on related party debt conversion Warrants to purchase common shares Debt forgive amount Price per share Debt conversion, converted instrument, shares issued, shares Debt conversion, converted instrument, per share price Purchase price of shares issued Accrued interest Debt amount Debt instrument principal value, after forgivness Due date notes payable Debt Instrument, Forgiveness Acquired additional shares of common stock Related party payables converted to capital Purchase price of additional shares of common stock Common stock, shares, new issue Related Party Notes Payable [Member] Convertible Notes Payable Conventional Non-Convertible Notes Payable Notes Payable with Detached Free-standing Warrants Unamortized Discount Net Related Party Notes Payable Non-Related Party Notes Payable [Member] Convertible Notes Payable Conventional Non-Convertible Notes Payable [Conventional Non-Convertible Notes Payable] Notes Payable with Detached Free-standing Warrants Net Non-Related Party Notes Payable Range [Axis] Debt Instrument [Axis] Debt-to-Value [Axis] Short-term Debt, Type [Axis] Minimum [Member] Maximum [Member] Convertible APA Note[Member] Commercial Bank [Member] SBA Payroll Protection Loan Program [Member] New non-convertible note [Member] Holder [Member] Common Stock Purchase Plans [Member] Six Non-related Parties [Member] Two Related Parties [Member] Four Related Parties [Member] Non-Related Party Notes Payable One [Member] Related Party Notes Payable Twenty Four [Member] Non-Related Party Notes Payable [Member] Related Party Notes Payable [Member] Non-Convertible Notes Payable [Member] Non-Convertible Notes Payable Two [Member] Interest expense for non-related party notes Interest expenses for related party notes Conventional Non-Convertible Notes Payable Default interest rate Interest rate Shares issued upon conversion of debt Convertible notes payable principal Amortization expenses, beneficial conversion feature Convertible debt, conversion, principal amount Convertible promissory note Exercise price [Class of Warrant or Right, Exercise Price of Warrants or Rights] Accrued interest Proceeds from loan Loan interest rate Gain on non-related party debt extinguishment Debt forgiveness Description of loan interest Convertible Notes Payable [Convertible Debt, Current] Convertible promissory note, interest rate Common stock shares exchanged Reduction in related party non - convertible notes payable Convertible non-related party note payable Convertible notes, conversion price Gain on related party debt conversion Purchase price of shares issued Fair value of embedded conversion feature Reduction in related party convertible notes Convertible Notes Payable [Convertible Notes Payable] Fair value of warrants granted Interest expense [Interest Expense, Borrowings] Unamortized Discount [Debt Instrument, Unamortized Discount] Number of detached free-standing warrants outstanding Note payable due date Conventional Non-Convertible Notes Payable [Conventional Non-Convertible Notes Payable 1] Principal balance Note payable conversion price per share Beginning balance Fair market value adjustments, including settlements Ending balance Convertible promissory note agreement [Member] March 1, 2019 [Member] 2019 [Member] May 3, 2019 [Member] October 26, 2019 [Member] Minimum [Member] Maximum [Member] Risk-free interest rate Expected volatility rate Fair market value gain Fair value of embeded derivative liability Beneficial conversion feature recorded as discount Amount borrowed under debt instrument from unrelated party Interest rate [Debt Instrument, Interest Rate, Stated Percentage] Conversion price, description Expected life Series A Convertible Preferred Stock [Member] Asset Purchase Agreement [Member] IDTEC [Member] Series A-1 Convertible Preferred stock [Member] Related Party [Member] Non-Related Parties [Member] Related Party Two [Member] Convertible promissory note agreement [Member] Related Party One [Member] Kevin Moore [Member] Employment Agreement [Member] Non-Related Party Two [Member] Non-Related Party One [Member] Related Party Three [Member] Compensation [Member] Additional paid-in capital Debt Conversion, Converted Instrument, Amount Debt instrument, convertible, conversion price Common stock shares issuable for preferred stock Convertible preferred stock converted Conversion price Common stock, shares issued upon assets purchase Fair value of the common shares Common stock subscriptions payable [Common stock subscriptions payable] Common stock shares issued for services, shares Debt conversion, converted instrument, shares issued Stock warrants settlement Common stock shares issued for cash, value Common stock shares issued to option exercised Reduction in related party debt Number of warrants outstanding Accrued expenses per share Consolidation Items [Axis] Consolidated Entities [Axis] SOBR SAFE, LLC [Member] Vernon Justus [Member] Share Exchange Agreement [Member] Michael Lanphere [Member] Series A-1 Preferred Stock Purchase Agreement [Member] SOBR's Director company [Member] Business Development [Member] First Capital Ventures [Member] Investment Agreement [Member] Convertible Preferred Stock [Member] Accrued dividends payable Preferred stock, shares authorized Convertible preferred stock issuable Convertible preferred stock converted Common stock shares issuable for preferred stock Fair value of the common shares Conversion price Converted shares of common stock Purchase price from SPV, shares Preferred stock shares sold Purchase price from SPV, amount Right of dividend Shares issuance price Preferences and rights of preferred stock Agreement term Issuane of warrants upon purchase of common stock, shares Issuane of warrants upon purchase of common stock, amount Exercise price Raises fund description Preferred stock, par value Preferred stock conversion description Related Parties [Member] 8% Series A-1 Convertible Preferred shares [Member] Gain (Loss) on stock subscription payable Common stock subscription payable, shares Stock subscription payable to related party upon common stock shares Stock subscription payable to related party upon common stock shares, amount Common stock subscription payable, amount Preferred stock subscription payable, shares Preferred stock subscription payable, amount Class of Warrant or Right [Axis] Warrants [Member] Dividend yield Life of warrants Exercise Price Volatility Risk free interest rate Warrants [Member] Exercise Price Per wrrant expired Outstanding at beginning of period [Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number] Warrants Granted Warrants Exercised Warrants Expired Outstanding at ending of periods Outstanding at beginning of period [Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price] Warrants Granted [Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price] Warrants Exercised [Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price] Outstanding at end of period Weighted Average Remaining Contractual Life Weighted Average Remaining Contractual Life , Beginning balance Weighted Average Remaining Contractual Life, Warrants granted Weighted Average Remaining Contractual Life, Ending balance Weighted Average Exercise Price Per Share Weighted Average Exercise Price Per Share, Beginning balance Weighted Average Exercise Price Per Share, Warrants granted Weighted Average Exercise Price Per Share, Warrants exercised Weighted Average Exercise Price Per Share, ending balance Weighted Average Exercise Price Per Share, Warrants expired Aggregate Intrinsic Value Aggregate Intrinsic Value, Beginning balance Aggregate Intrinsic Value, Warrants granted Aggregate Intrinsic Value, Ending balance Stock Options [Member] Exercise Price Expected Volatility Risk free interest rate Expected Life Dividend yield Stock Options [Member] Options Outstanding Number of Shares Option Granted Options Exercised Options Cancelled Options Expired Option outstanding, exercisable, beginning balance [Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number] Option outstanding, exercisable, ending balance Exercise Price Per Share Exercise Price Per Shares option exercised Exercise Price Per Share Options Cancelled Weighted Average Remaining Contractual Life Weighted Average Remaining Contractual Lifes beginning balance Weighted Average Remaining Contractual Lifes options granted Weighted Average Remaining Contractual Lifes options expired Weighted Average Remaining Contractual Lifes ending balance Weighted Average Remaining Contractual Lifes, Exercisable, Beginning balance Weighted Average Remaining Contractual Lifes, Exercisable, Ending balance Weighted Average Exercise Price Per Share Weighted Average Exercise Price Per Shares beginning balance Weighted Average Exercise Price Per Shares options granted Weighted Average Exercise Price Per Shares options cancelled Weighted Average Exercise Price Per Shares options expired Weighted Average Exercise Price Per Shares ending balance Weighted Average Exercise Price Per Shares exercisable beginning balance Weighted Average Exercise Price Per Shares exercisable ending balance Aggregate Intrinsic Value Aggregate Intrinsic Value beginning balance Aggregate Intrinsic Value options granted Aggregate Intrinsic Value options exercised Aggregate Intrinsic Value options cancelled Aggregate Intrinsic Value options expired Aggregate Intrinsic Value ending balance Aggregate Intrinsic Value exercisable, beginning balance Aggregate Intrinsic Value exercisable ending balance Exercise Price Per Shares option granted Exercise Price Per Shares option expired Exercise Price Per Shares exercisable beginning balance [Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price] Exercise Price Per Shares exercisable ending balance STOCK WARRANTS AND STOCK OPTIONS (Details Narrative) Award Type Axis Consultant [Member] 2019 Equity Incentive Plans [Member] David Gandini [Member] Michael A. Lanphere [Member] Executive Stock Options [Member] Nick Noceti [Member] Charles Bennington [Member] 8% Series A-1 Convertible Preferred Stock Investment agreement [Member] First Capital Ventures "FCV" [Member] Non Employee Stock Warrants [Member] Non employee stock options [Member] Number of warrants outstanding Exercise price of warrants Fair value of warrants issued [Proceeds from Issuance of Warrants] Share-based compensation expense Unrecognized compensation expense Stock option granted Options exercisable per share Common stock acquire Stock options vested Option vesting terms Installments period description Exercise price per share Expected lives Reduction in related party debt Common stock shares issued to option exercised Weighted average remaining contractual life Stock option descriptions Common stock authorized shares Total stock option vested shares Stock option vested shares Stock option issued Stock option non-vested shares Options vested Convertible preferred stock shares sold Sale of stock price per share Common stock shares issuable upon exercise of warrants to SPV Fair value of detached free-standing stock warrants granted Loan agreement description Income Tax Authority Axis Federal Income Tax [Member] Permanent differences Valuation allowance Net provision for income tax Statement Geographical Axis State [Member] Federal [Member] Deferred tax asset attributable to: Net operating loss carry forward Valuation allowance [Operating Loss Carryforwards, Valuation Allowance] Net deferred tax asset Federal [Member] Carryforward expiration year Deferred tax asset [Deferred Tax Assets, Net] Rate of net operating losses offset by valuation allowance Change in the valuation allowance Federal tax rate Net operating loss carry forward State tax rate Geographic Distribution [Axis] California [Member] Short Term Lease Agreement [Member] Highland School [Member] Short Term Operating Lease [Member] Accrued interest for unpaid wages Accrued interest [Debt Instrument, Increase, Accrued Interest] Rent expense Contract settlement amount Due to related party Lease expiration term Operating lease, monthly payment Subsequent Event Type Axis Subsequent Event [Member] 8% Series A-1 Convertible Preferred shares [Member] Warrants purchase upon common stock Debt instrument, principal amount Interest rate [Debt Instrument, Interest Rate During Period] Debt conversion descriptions Gross proceeds Common stock shares issued Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Including the current and noncurrent portions, carrying value as of the balance sheet date of a written promise to pay a note, initially due after one year or beyond the operating cycle if longer, which can be exchanged for a specified amount of one or mo Amount of increase (decrease) in additional paid in capital (APIC) resulting from recognition of deferred taxes for convertible debt with a beneficial conversion feature. Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. EX-101.CAL 10 imle-20201231_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.PRE 11 imle-20201231_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE EX-101.DEF 12 imle-20201231_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE GRAPHIC 13 sobr_10kimg5.jpg begin 644 sobr_10kimg5.jpg M_]C_X 02D9)1@ ! 0$ 8 !@ #_VP!# 4$! 0$ P4$! 0&!04&" T(" <' M"! +# D-$Q 4$Q(0$A(4%QT9%!8<%A(2&B,:'!X?(2$A%!DD)R0@)AT@(2#_ MVP!# 04&!@@'" \(" \@%1(5(" @(" @(" @(" @(" @(" @(" @(" @(" @ M(" @(" @(" @(" @(" @(" @(" @("#_P 1" \ @4# 2( A$! Q$!_\0 M'P 04! 0$! 0$ $" P0%!@<("0H+_\0 M1 @$# P($ P4% M! 0 %] 0(# 01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D* M%A<8&1HE)B7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$ P$! 0$! M 0$! 0 $" P0%!@<("0H+_\0 M1$ @$"! 0#! <%! 0 0)W $" M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,! (1 Q$ /P#Z?\6>*[KP MM;R7K>&[[4=/AA,TUU;/'B+!Y!5F#=.<@&LSP=\1'\:2+)IOA?48]/#M')?3 M21!$8#.,!MQZCH.];7CI=_P[\0K_ -0^;_T UQ7P 7;\+=W=[R4_HH_I75&, M70<[:IV,&Y>T4;Z'J4[R1V\DD4)F=5+*@(!9,]_TB]N]0TU+J^TN72YV)S;2R([*,\$E"1SUZUI4@^Z*\T^)'C/Q M!H-Q;Z3X5LX+F_DM)[V=IE+>3#&!\P4'DDD]?2N:,'.7+$VET5RO@/ MQ*?%G@73=;DP+B2/9.%& )5.&X],C/T-<_\ %3Q+XG\&Z$/$.C7EF\'FI UM M<6Q8Y;/S;PP]!QBFJ4G/V?78.=OEEN1]#@#\:5 M.'/-0[CE+EBY=C&U[X[:;;ZF=+\,:/-KDV_RQ(K%4=O]@ %F^O%7=/\ B'\0 M8[87FM?#&]^S'DFS?,BC_KFW)_2L3]GO0K)= O\ Q!)&LE_)<-;*Q',<:@' M],D_H*]S[5V5W1I3=*,;VZNYA3YYQYFSG_#/BS1/%EG)<:3VFAL M_ME[>.4@1R1'\HRQ8CZ]*XU#GERP6YLWRQO([[%0SSPVEN]QE>8^#OB'XDU.WTF]\3:+:VFF:S,;:SN[:1L^9\VT.AZ!MI (/4>]J:9I=AH^FPZ=IEK':VD"[8XHQ@**N8I^TIK3DNO-NX,"NYKG-)T&S\.ZCX@U?ST M5=3N!=2$@(L2K&J\G\&.?>N2MO&'BKQQJ%S#X%@MK'1;=O+;6;Z,OYSCJ(H^ M,CW-0X*O9?#^KPZ_ MX;T_6+?_ %=Y"LN/[I(Y'X'(_"G.C*$5-[,(U%*3CU1J4<5B>*M//$'CR]\/Z]J%M;?V=!'<2K#:KF3)7*$D M\?>ZBB-*4H.:V02FHM1[GM5%>0_%GQ3XM\%"QU#2-4@>VO9C#Y$UJK>40N1A MLY.>>M;/]C_%22S6:/QKI0E90P0Z7A>1TSN)_&J]B^53<4MCT M7M1VXKR'P9\0O$3>/KCP#XWL[:/4U!,%S;#:LF%W8(SW7D$8Z$8K;^(WB?Q# MI+:9H_A*&&75[\32_O5W%(HDW,0/4G &:3H34U#OKY6[C]I'EYCT.EKA?A9X MLN/&'@&TU*^;H>J4=JYCP/XLM?&/A*UUFWVI*PV7$(/, M4H^\O]1[$5F_$O4M>T'P9>>(="U%+>33T#M!) LBS LHZGE< GI4^SES MP^91R1SWQZU M[-H\_P!IT.SN/MPOQ+$L@N0@3S01D-@<"G.BX14KW3",U)V-&BO,?'.O>*+7 MQMHWAWPGJD7VW4?FD@EME=+:)?O2ENOX>U>A:?#=V]C'%?7WVVX ^:;RQ'N_ MX".!2E!Q2;>X*5VUV+M%%%06%%%% !1110 4444 %%%% !1110 4444 %%%% M !1110 4444 %%%% !1110!SWC89^'^OC_IPFZ?[AKQGX26GQ"F\!QR>&M5T MBUT_[1(/+O+=W??QN.1VKV3QTVSX>>(6SC%A-S_P UQ'P ;=\*D]KR8?RKNI MRMAY:=4K%>3-4Z?\8<<>(/#?_@'+_C7C_C*#Q1!\9_"Z^*;VSO+LR6YC M>SC,:!/-Z$'OG-?4G>OG+XM2;/CQX3.?N?9O_1QK; S*O%LJE[>68:79%NA@B^\1[,Y/Y5K_$?Q(?"W@'4=1A;%VZ M?9[5>[2O\JX^G)_"N?\ #OPGM=.T"SMV\2^(;>7RE:6.VOS%&)",MA0..2:Y M()1IN3=KZ+]3J;;DDNAD?"MO^$7\>>+/ -PY58YOMMFK'[T9ZX_X"4_6M+X] M_P#)*9>G_'W#U^IKB_'&CK\,?'GAGQC:7^H7MO)*;>[DO9C,^WN-V.A0MQZK M77_'F:.7X1M-$P>-[J!E8'@@Y(-==N:M3J+:5OO6C,MH2B^AZ+X;&/"6CCTL MX?\ T6*UNU9/ALY\):.?6SA_]%BM.21(HR\CJBCJ6. *\V7Q,ZH[(\5\9#_C M)CP;SUM1G_OJ6O;*\2\9'_C)GP;@]+49_%I:]MKHK_##T_4QI[R]0Q63KUKI M-YH-Y:ZZT2:=-&4F,KA%"GOD]#5R\O;6QMI;BZF6*.*-I6+'&%498_@*^2O$ M/B/Q#\6O&]OI=FS+:S3;+.SR0D2?\]'QU.!DGMT%/#8>563=[);L*M105K7N M=/X-\9^'OAKXKU+2X=<_MKPW>8E2YAC9I(I1P 1C#9'!(] :]BT7XI>!]>NX M[.RUI([J7A(;E&A9SZ#< "?;-1^$?ACX8\*642I8Q7U^%Q)>3QAG8]]H/"CV M%6/%VL^#/">FKJ'B"UM,ALP1"W5Y9''(V#'4>O 'K6E:5.K.T$V^_?Y$P4X1 MU:2.QX(KA/B!KG@"QTL6WC,6MX0=\5D5$DS-_LJ.1]3@5Y7=?$?XC_$.YDTW MP3I4\+]!S]:L> /A%I>IWE_<>+KJXN-1L;HP7-CNP"< J MS/G' MYQ<1P1+A$V?=#$<%CT ' &?K3_@])Y_QM\7S7&/M!%P>>H_T@9_I7OMAIUCI M=C%8:;:16EM$,)%$H55_ 5\XZ_))\+_V@1XAN(W&D:B[2ED&08Y!B0?56YQ] M*TIU%6YX05M-/S^]F6=QY7\==7N-,^&DEO:MM?49TM6/?8%?&B%="\8^$_& MEE^[O([CR)&7^-5(89_ N/H:]U->%_&)CXD\>>$O!6GJ9;GSC<3[>?+0X&3_ M ,!#G\O6EA/XJ[:W]+!6^$V)]/M]:^.GB/2[A08;KPTD#9YX:3^F:@^!6H3P MZ+J_@_4&(O-&NV&QNH1B<_\ CP;\ZOZ4W_&2VNQ\X31(E_\ 'T/]:Q-7_P"* M+_:/T[4U'EZ=XEA\B8XPOF\+^>X(?^!&NCXTZ?DFO5?\ P3Y9<_FT=5X_5M> M\2>&O!,>XQ75Q]OOMO:WAYP?9GVBN7\#DC]I'QNIZ&#@_P# HZ['PGLUOQOX ME\4D;DBE&CVC=O+BYD(^LC'_ +YKBO!DW_&37C!./F@9??@QFE#2$X=H_C=, MN6LE+S)_VA1_Q3GA_P#[":C_ ,<->OI22-V#DU$N1X>GS-K<:O[6 M5O(X32XX_&W[1DWB+2?WNCZ)$(GND^Y+*%*@ ]^2>G9?<5UWA:4>(_BAXF\0 M[2UKI@31[1B,J2IWS%3_ +VT?A6MXJU33/A]\.K^]TZT@M([6'9:P1(%4RMP M@ 'N17)^%/A'HO\ PC%A=:G?:L=0N(1/<^3?20H9'^9OE4@#K3!@/"'QN\3^$)&VVVJ*-0LQT!ZD@?@6'_ *VOC'Q8>$SG!_X M2&T_F:X;XB^%[7X:ZAX=\;:%)>RBVO!'/Q%=7\8+Z&Z M\,^#[^V?=#-K=G/&WJI!(/Y&KMSU(5(ZWT^:)UC&469^J(?A+\2UUZW0CPIX MAEV7D:CBUGZ[@!T'4_3<.PKM?BH4E^#_ (B=<,AM"P/4$9!S71>(-"L/$OA^ M[T34H]]M=)L8CJI[,/<'FO!SKFI:3\._&7PQ\2ONU'2;%WLYF/%S;\$8SUP, M8]N.U9T_WKC+[2:OYKO\BI>Y=='^9[+H>E6.K?"_2M)OX1/9W&EPQ2(>ZF-? MUKS_ ,":[_PK^XUWP)XHN=L&C1O?6=R_26VZD#U//3U)':O3/!K;O 7A\]WCD\Z]\J7II6G-TY;._X#G[L M5);HZ_X>Z+=327OCK6X=NKZYATC8O0J:H X K%\2:X- MTM+A;+[2YL&DBT^ M_MY9ECNE@1XG@4_QJ2S!P#U! ..?:M%M?T-97A?6+)9$?RV1KA 5;!;;UZX! M/X'TJ2C5HKE;CQIHDD-W%HVL:9>7T"PL(I+M8XV\TC8-_/4=,9[>M4-/\8-J MWB:[BL=0TLV5M?\ ]FK;O,!+.X17>12"\*KJLT\4QFFN%AE1,*T:S.D;8SW5030!TU M%>4Z#\1=9NE\,7FKC2OLFL_:VF$ >-[2*+>5G8LQ'ED( H:3J%L+L0QS0,Y#J5=U56(S]TYZT =517$ZEXPL_[4T'^R=PR>U9WAOQ/#JO@:Q\ M1ZGY>GN\/^EH[86"93MD3GT<,/6@#IJ*Q?\ A)O#VVQ;^VK/;J&!:D3+B;)P M-OKD\?7BD?Q1X=CCO6DUJSC2Q&ZX=IE B&<9)Z8SQ]>* -NBLFZU_1-/F$=] MJUI;.S(@6695)9@2HY/<*Q'T-59/&/AF.+3)!K-JR:I.;:S9'W":09RHQZ8. M?2@#H**P9_%WAFUN+FWNM>LX9;8;IE>8#RQN"\GI]X@?4XJ*Z\;>%;/3[C4) MM=M/LUM<+:2ND@;9*Q 5..YR* .CHK.M=:TF]U&XTVUOX9KNW4-+$CY9 ?6L M7QKK.J:+8:6=(>W6ZO=2M[$+<1E@PD?#$8(Y"[F_"@#JZ*PX/%/ARZU&+3[7 M7+*>[F>2..*.=69FC^^H /4)I+72K*6V\K9;_: MV<#8VX9.WN:]^HI4JTJ3YH;CG3C-6D>->+/#GQ#\7:OH5U>:-I<5EI4XN&L1 M?L1<.".K;.!@8'!ZFO7;5KF2SB>\@6WG9 7B1]X1NX#8&?K@58HI2J.:2M:P MXP46WW/._BGX:USQ=X;70=+L+21799C"?B-KO MPUL/!5[;:7_H;QG[:+MB9%3(52NS@X(YSVKW&EJX5Y022Z.Y+IJ3;?4\STR/ MXN:;I5IIJZ;XH?2E^M'MG>]E?T#V?2[/%O$G@KQ]K7Q(L/&-I:Z M5:OIH$=O#+AT4_;MI)Q M3L'LTFVGN>(^)-%\=-X8\5Z]XMFL)9$TEK6SCL-VV-6<-*2#W(5>?05P7[/Z M6_\ PLN9Y%_>"PD\O/KN7/Z5]275M#>6DMI=+6.!3@R#:&5!Z#!R2.3FO4_"/C70?&.FK=:9 M=*)PH\VU=@)83Z$>GN.#70Q6]O#)-+#"D;S-ND95P7. ,GU. !^%>?"WH=+4:B3Z$>GZ=8Z58Q6.FVL5K;1*%2*)0J@5Q<$AB^/-[#:_%;,->3&:]E^6WL(3NGN7/157K^/050\$Z)J=N^H>)? M$:*FN:PRO+"ARMK$HQ'"#WP.2>Y)J8W47*773U&]U%':US?BSPCH_C+0WTK5 MH25SOBE3 DA?^\I[?UJ]JL.MS?9UT>_M;)0Q,SSVYF)&. H#+WZDFN:\#ZUK M^L>%+'Q3KNHV'V2ZM&GDABMFB\D@]=Y=LK@-GCTK*+<7S1W+:3T9YY8_#_XL M>!;EX?!NN6VH:<6W+!<,%4^N4;@'_=-=/#8?&C7$%OJFJZ5X=MSQ)+91^;,1 M_LYR!^E=O<>*M!M_#5KXC.HJVDW7EF*[C5G1A(0$;(' )(Y/ SS6A8:C:ZG# M+-9R&2-)GA+%2 60[6QGJ,@C(XKHEB92^**OWL9*DEHF[&-X9\$Z-X:TN>TB M5[VXN\F[N[P^9+%?'<=YH7]O:EXL MT_4;>#3([Z_@LK0AK0L ,UFJT[MWO?>Y;A'3R+4EW\6[R/[/# MHF@Z8[<&XDNWF">X4+R?K5WPOX%A\,R7VK7%X^L^(+[+3W]S\I8]D4#.Q,#)V<8+#NO6GGQ5H/Q+K M>)=&T34M+L=5O!:2:I,;>U=P0DDN,A-W0,1G /7M4$?BS1Y+"6ZWSKY=X]B( MFA8223KU1%ZL>#TXX/852JR4E);H7LXV<>XSPSH<5YYH_@;QYI7Q+O_ !N4T:62_P!RR6OVF0!%;;G#;.HVUZ#_ M ,)IH>+':UR6O+XZ:J?9W#);?$_P/XP\=36EK8MI=I86,WG1/+-(9)2 M5 ^8!<#'/HK69E1"[$!0,DG@ 42J.45![(%%*3D>7_$ M;P?XQ\:7EE:6ITJ+1[*X6X\N>XD#W1&.' 0@#[PZGK7HNG-?'3H3J<$$%WM_ M>);N7C4_[)(!/'M61<>-?#UOX-7Q@;PSZ(4$ANH(VD"IG!8@#. >O'%/D\6Z M1'#>W"_:)K:UL5U%KB&(O') 02&1A]XX4\#GBIJ_P N^*S/ MB#KNL>&=&LM:TE!<)!>QB[M=@)FMSGS-IZAE4%AZ[<=ZN%><(J,>]R94XR=V M=+IK:DVGQ-JT-O#><^8EM(7C'/&"0#T]J\_^*_PW;QQIMM=:7Y,6LVAVH\IV MK+&?O(Q'YC\?6M'Q!XNNHO&7A/0M&DC:WU*YW7MSM#!8C#(\:+VRY0_0 ^HK MK&UK34\0Q>'VND&IR6[72V_\1B5@I;\R*B%25.2G'1E2BI1Y60>&;&YTKPCI M&F7FW[3:6<4$FPY7K(5CM);5GTY&UJWMH+W) MW):RM)'CM@L ?TK(\9:#>Z]HULFEW4=MJ5A>0W]JTH)C:2-L['QSM8$J2.1G M-2S>+=+AU.:S6.[N!;2K!<7$%NSPP2'&$9AW^9Y-R\T<#!F*L5&T$KPH[ M,V>M=<_C[PY'H5WK$MQ*D-K?_P!F21F%O-%SY@C$83J22RX]0<]*F_X2^Q_X M2F;PZMCJ+W4#QI+*MJQA0NI9"7Z8(!Y[8YH&1Q7-1?#_Q=]HN&ODTVYLY(M*C-J)F.(K5MS6ZY7&"? MFW'J>P%=^OC716O((E^T_9KBZ-E#?&$_9Y)@2NP/Z[@5!Z$C&:AB\>:),VHQ M1+=276FWB65U:K#^]B9V"HY7/*$D?,./R- ')ZUX \2W^I3:G9MID5Q>6M^D M\;,P2%YH8XHPF%Y(6, L<=2<'@5O>'=#\1:1J\UK=:;I4NG3>1*+E)FWP>7" MD8B6,KR%9,JVX<,>,UMIXHL)ML>'9O$GBB.+7+&&;0+2' MS+8+<.LAN2<%F"XP O Y_B;VKDH?!/B30[\Q^']/L7TBRUHZI:V5Q>N/-62$ MI(I.UMI$A,BYW=3WQ7>:?XIL=2TK4M1M;6]9-.N);66(P'S'DC.&"*/O<\#U MK-LOB!IM]8ZK?1Z3K$<&EK,9VEM"HW1'$B+SRP].^#C- %6WT/Q+#XBU,M:Z M:;+58XF:X65@UFR1[2B1[?F&[YP%GQC]V&Z> M9S]T]>V:(?&FF7-GIDUO:7LEQJ<;RV]H(@)_+0X9V4G"J"1R3_$/6@#CQ\/O M$ESK.H7&JS:=N6.HEOF+""%%S$%(P &0 <\@DGTH?P5XTCU2WN[2;2D: M+4-3N(Y&=\Q+O>*KW3_&-UINK:S>^&T::)=+N&LEDL+H$+\LDNTX5DEW@M+N*C._ECQD$#KG-:.I>!=>76[Z\ MTJ+37M7U#3;FW@G=D^2WCV$-A3C!PP SG&.*ZO\ X3+3SXMN/#:6-_)=VTD4 M2)Y#+MEN5RH,68L$CD%DS[ MG;\6:+J^LZQX6FL8[=[33-2%]&/;@:WO#MEXML-"TZRNM/T:UFLQ#;,8II)-\*\.X.Q<,1R%.1G.34EWX\T^TBL M'.F:I(]]'/)'$MN%=?).)%8,PP0>W?M5IO%^G#Q&N@I#<8!P">: .EHHHH **** "BBB@ HHHH **** "BBB@ HHHH *IZAIN MGZM9/9ZE9PWEN_WHID#*?P-7**-@/(=3^ _AFXO_ +;HNH7^BR=0L#!E7Z9^ M8?3-3P?"/4D01W'Q(\020C'[N.38#^9->KT5T?6:MK-F7LH=CE?#W@/PSX:D M:YT^PWWK_>O+EC-.W_ VY'X8KJNU)2UA*4GK)W-$K;$4OF>2_D[1)M.W=TSV MS[5Q5CX)O+?X<:7X,N-2CF@@*QW-F>.TD8F2'<3U.6 ;L&Z<"K&G:'XCT#P]H^BV&J) M2!9 M&7<$W*5SC(SC-83>$9I/ABWA)KR$71TO^S/MJP8^4)L#;T4 <&/ *+;Q2NLLFMPWS3F?:YC>V*E/L_E[]H&W'S#G(SBN_HH Y3 M3_#>J:;XEU34H-8@^R:G>+=S0&T^2,%CUI\/@"SLX_$<.G7TEK;:W:F 6N-T-F[;][Q+G@,9 M-VS. 1QC-=Q10!S&B^&7TNXL)[N^6ZET^P73[?9#Y8"?+N8C<D:DVH9N%,SR@H\:Q9W#:JH^T=MPW_ -I6X$;E M#!L*?9S'YFW&TXW=<\UWE% '!:G\.[?5+JZO+C4I(KR34!>0W%O'L>./"!X' M.3YD;",9!QSR.0*7Q%\/_P#A(M6FU>75FAU"*2!],G6)O] \M@Q^4.%DW-G. MX=#CM7>44 <._@5V&HVL.MS6]A?Z@NI2QQ1E95ERK.JR;N$*3!L\R1JD8CV*^_@,.IV]^,5VM% 'FE]\*8+Z:[NFUIX M[FYF2=MD/[GS$G\U9"F[F3;^[W9^[VK:/@^3_A.+CQ2M[!YDS0G:]INDB$:, MA5'W<;@S9^4]>/6NQHH XJ3P';SZK::M/>LFHVM\]RL]O'Y9EA:7S?L\@R=Z MAN03T(R,; VWE=09-^[=GKD=,5T%% &7KNBZ?XBT"] MT/5(VDL[R,Q2!6VMCL0>Q!P0?45G6NC^(8X;"VN_%!GAM75I)$M DUT%Z*[; MB.>,E5&?;-=+10!Q-KX&2ULK/2?[39]&LK_[?!:F(;PPD,JH9,\HKG(X!X ) MIMQ\/[>\U"+4;C4'2^@U$WD<]O'Y9,32*[6[\G>A*CKR",C%=Q10!R!IU,FW9"$D974#RY'!^=%P2H(R">O%+HGA*31UTZV.K/P/S;02!@#WS75T4 1CR3.26 &[G&3CFNMHH XZ_\#VV MK21+JUT+JT73EL7A$6P[@P83(X;*,"H(QT]:CM? XT]=#N-/U61;[2K-]/,] MQ$)!=0N5+;UR/FW*&!!'.>H-=K10!D^'M%B\/:!::/#=<-ND%;'<$C)P17444 <7_ ,(0 M1X]NO%<>I1K+/IBH-)^'Z:/XB?7;;5G6[FO;B MYG*P*!/%,VYH6Y/W6 *L,$=. Y=)TS0H+#7I(KW1Q-''.UNK+-%*VYD=,^H4@@@C;]:[ MJB@#C==\&3:Y+IDUUJLO76H @/-+:2)-&3$HE5A'L*^8.?+;.XITW GRAPHIC 14 sobr_10kimg4.jpg begin 644 sobr_10kimg4.jpg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end GRAPHIC 15 sobr_10kimg3.jpg begin 644 sobr_10kimg3.jpg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end GRAPHIC 16 sobr_10kimg2.jpg begin 644 sobr_10kimg2.jpg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end GRAPHIC 17 sobr_10kimg1.jpg begin 644 sobr_10kimg1.jpg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htm IDEA: XBRL DOCUMENT v3.21.1
Cover - USD ($)
12 Months Ended
Dec. 31, 2020
Mar. 31, 2021
Jun. 30, 2020
Cover [Abstract]      
Entity Registrant Name SOBR Safe, Inc.    
Entity Central Index Key 0001425627    
Document Type 10-K    
Amendment Flag false    
Entity Voluntary Filers No    
Current Fiscal Year End Date --12-31    
Entity Well Known Seasoned Issuer No    
Entity Small Business true    
Entity Shell Company false    
Entity Emerging Growth Company false    
Entity Current Reporting Status Yes    
Document Period End Date Dec. 31, 2020    
Entity Filer Category Non-accelerated Filer    
Document Fiscal Period Focus FY    
Document Fiscal Year Focus 2020    
Entity Common Stock Shares Outstanding   25,965,203  
Entity Public Float     $ 13,497,633
Document Annual Report true    
Document Transition Report false    
Entity Interactive Data Current Yes    
XML 19 R2.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash $ 232,842 $ 681,759
Prepaid expenses 115,230 9,054
Total current assets 348,072 690,813
SOBR Safe Intellectual Technology, net of accumulated amortization of $224,854 at December 31, 2020 3,629,821 0
Other assets 8,680 0
Total Assets 3,986,573 690,813
Current liabilities    
Accounts payable 101,308 213,880
Accrued expenses 313,032 419,836
Accrued interest payable 134,444 674,041
Related party payables 28,624 905,443
Derivative liabilities 0 60,650
Common stock subscriptions payable 253,688 79,624
Preferred stock subscriptions payable 0 1,000,000
Notes payable - current - related parties 11,810 760,886
Notes payable - current - non-related parties 104,183 169,574
Total current liabilities 947,089 4,283,934
Total Liabilities 947,089 4,283,934
Stockholders' Equity (Deficit)    
Preferred stock, $0.00001 par value; 19,300,000 shares authorized, no shares issued or outstanding as of December 31, 2020 and December 31, 2019 0 0
Common stock, $0.00001 par value; 100,000,000 shares authorized; 25,922,034 and 6,452,993 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively, after 1-for-33.26 reverse stock split 260 65
Additional paid-in capital 52,693,974 15,971,392
Accumulated deficit (49,601,220) (19,511,168)
Total SOBR Safe, Inc. stockholders' equity (deficit) 3,093,014 (3,539,711)
Noncontrolling interest (53,530) (53,410)
Total Stockholders' Equity (Deficit) 3,039,484 (3,593,121)
Total Liabilities and Stockholders' Equity (Deficit) 3,986,573 690,813
Series A Convertible Preferred Stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock, $0.00001 par value; 19,300,000 shares authorized, no shares issued or outstanding as of December 31, 2020 and December 31, 2019 0 0
Additional paid-in capital 1,329,561  
Series A-1 Convertible Preferred stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock, $0.00001 par value; 19,300,000 shares authorized, no shares issued or outstanding as of December 31, 2020 and December 31, 2019 $ 0 $ 0
XML 20 R3.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current liabilities    
Notes payable current - related parties, unamortized debt discount $ 8,656 $ 8,656
Stockholders' Deficit    
Common stock, shares par value $ 0.00001 $ 0.00001
Common stock, shares authorized 100,000,000 100,000,000
Common stock, shares issued 25,922,034 6,452,993
Common stock, shares outstanding 25,922,034 6,452,993
Preferred stock, shares par value $ 0.00001 $ 0.00001
Preferred stock, shares authorized 19,300,000 19,300,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Series A Convertible Preferred Stock [Member]    
Stockholders' Deficit    
Preferred stock, shares par value $ 0.00001 $ 0.00001
Preferred stock, shares authorized 3,000,000 3,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Series A-1 Convertible Preferred stock [Member]    
Stockholders' Deficit    
Preferred stock, shares par value $ 0.00001 $ 0.00001
Preferred stock, shares authorized 2,700,000 2,700,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
XML 21 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenues $ 0 $ 0
Operating expenses:    
General and administrative 632,426 232,178
Stock-based compensation expense 273,443 44,082
Management salaries and consulting fees 1,370,681 498,246
Research and development 633,050 12,787
Total operating expenses 2,909,600 787,293
Loss from operations (2,909,600) (787,293)
Other income (expense):    
Loss on debt extinguishment, net (224,166) 0
Loss on disposal of property and equipment (39,434) 0
Gain on fair value adjustment - derivatives 60,650 4,150
Interest expense (141,512) (457,505)
Amortization of interest - beneficial conversion feature (1,407,675) (11,509)
Asset impairment adjustment (25,320,555) 0
Total other expense, net (27,072,692) (464,864)
Loss before provision for income taxes (29,982,292) (1,252,157)
Provision for income taxes 0 0
Provision for income tax 0 0
Net loss (29,982,292) (1,252,157)
Net loss attributable to noncontrolling interest 120 3,125
Net loss attributable to SOBR Safe, Inc. (29,982,172) (1,249,032)
Dividends on convertible preferred stock (107,880) 0
Net loss attributable to common stockholders $ (30,090,052) $ (1,249,032)
Basic and diluted loss per common share $ (1.95) $ (0.23)
Weighted average number of common shares outstanding 15,399,208 5,081,122
XML 22 R5.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
Total
Common Stock [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Noncontrolling Interest [Member]
Stockholders Deficit SOBR Safe Inc [Member]
Balance, shares at Dec. 31, 2018   3,510,255 1,388,575        
Balance, amount at Dec. 31, 2018 $ (3,423,431) $ 35 $ 14 $ 14,888,941 $ (18,262,136) $ (50,285) $ (3,373,146)
Common stock issued for cash, shares   1,065,982        
Common stock issued for cash, amount 39,000 $ 11 $ 0 38,989 0 0 39,000
Common stock issued for executive compensation, shares   420,926        
Common stock issued for executive compensation, amount 59,500 $ 4 $ 0 59,496 0 0 59,500
Common stock issued due to stock warrants exercise, shares   1,038,339        
Common stock issued due to stock warrants exercise, amount 146,774 $ 11 $ 0 146,763 0 0 146,774
Common stock issued upon conversion of convertible preferred stock to common stock, shares   417,491 (1,388,575)        
Common stock issued upon conversion of convertible preferred stock to common stock, amount (1,329,560) $ 4 $ (14) (1,329,550) 0 0 (1,329,560)
Paid-in capital - fair value of stock warrants granted 160,544 0 0 160,544 0 0 160,544
Paid-in capital - fair value of related party stock options vested 71,655 0 0 71,655 0 0 71,655
Paid-in capital - fair value of non-related party stock options granted 23,912 0 0 23,912 0 0 23,912
Paid-in capital - gain on related party executive compensation conversion 535,500 0 0 535,500 0 0 535,500
Paid-in capital - gain on related party debt conversion 39,992 0 0 39,992 0 0 39,992
Paid-in capital - gain on related party preferred stock conversion 1,329,561 0 0 1,329,561 0 0 1,329,561
Paid-in capital - beneficial conversion feature 5,589 0 0 5,589 0 0 5,589
Net loss (1,252,157) $ 0 $ 0 0 (1,249,032) (3,125) (1,249,032)
Balance, shares at Dec. 31, 2019   6,452,993        
Balance, amount at Dec. 31, 2019 (3,593,121) $ 65 $ 0 15,971,392 (19,511,168) (53,410) (3,539,711)
Common stock issued for executive compensation, shares   72,159        
Common stock issued for executive compensation, amount 76,480 $ 1 $ 0 76,479 0 0 76,480
Common stock issued due to stock warrants exercise, shares   454,097        
Common stock issued due to stock warrants exercise, amount 65,728 $ 4 $ 0 65,724 0 0 65,728
Common stock issued upon conversion of convertible preferred stock to common stock, shares   2,700,000 (2,700,000)        
Common stock issued upon conversion of convertible preferred stock to common stock, amount 0 $ 27 $ (27) 0 0 0 0
Paid-in capital - fair value of stock warrants granted 915,124 0 0 915,124 0 0 915,124
Paid-in capital - gain on related party debt conversion 124,291 0 0 124,291 0 0 124,291
Paid-in capital - beneficial conversion feature 1,407,675 0 0 1,407,675 0 0 1,407,675
Net loss (29,982,292) $ 0 $ 0 0 (29,982,172) (120) (29,982,172)
Common stock issued for compensation, shares   1,025        
Common stock issued for compensation, amount 20,800 $ 0 $ 0 20,800 0 0 20,800
Common stock issued for asset purchase, shares   12,000,000        
Common stock issued for asset purchase, amount 27,120,000 $ 120 $ 0 27,119,880 0 0 27,120,000
Common stock issued to settle accounts payable and accrued expenses, shares   159,395        
Common stock issued to settle accounts payable and accrued expenses, amount 265,677 $ 2 $ 0 265,675 0 0 265,677
Common stock issued to settle related party payables, shares   260,150        
Common stock issued to settle related party payables, amount 579,814 $ 3 $ 0 579,811 0 0 579,814
Common stock issued to settle related party debt, shares   648,739        
Common stock issued to settle related party debt, amount 826,964 $ 6 $ 0 826,958 0 0 826,964
Common stock issued to settle non-related party debt, shares   70,448        
Common stock issued to settle non-related party debt, amount 166,526 $ 1 $ 0 166,525 0 0 166,526
Common stock issued upon conversion of related party debt and accrued interest, shares   3,103,028        
Common stock issued upon conversion of related party debt and accrued interest, amount 1,551,514 $ 31 $ 0 1,551,483 0 0 1,551,514
Series A-1 Convertible Preferred stock issued for cash, shares   2,700,000        
Series A-1 Convertible Preferred stock issued for cash, amount 2,700,000 $ 0 $ 27 2,699,973 0 0 2,700,000
Paid-in capital - fair value of stock options vested 239,476 0 0 239,476 0 0 239,476
Paid-in capital - gain on related party payables conversion 272,299 0 0 272,299 0 0 272,299
Paid-in capital - loss on debt extinguishment 390,409 0 0 390,409 0 0 390,409
Dividends - Series A-1 Convertible Preferred stock (107,880) $ 0 $ 0 0 (107,880) 0 (107,880)
Balance, shares at Dec. 31, 2020   25,922,034        
Balance, amount at Dec. 31, 2020 $ 3,039,484 $ 260 $ 0 $ 52,693,974 $ (49,601,220) $ (53,530) $ 3,093,014
XML 23 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating Activities:    
Net loss $ (29,982,292) $ (1,252,157)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 232,194 0
Loss on debt extinguishment, net 224,166 0
Loss on disposal of property and equipment 39,434 0
Change in fair value of derivative liability (60,650) (4,150)
Interest expense-embedded conversion feature 0 64,800
Amortization-debt discount 8,656 5,920
Amortization of interest - beneficial conversion feature 1,407,675 5,589
Stock warrants expense 219,670 159,961
Stock options expense 239,478 95,567
Stock-based compensation expense 54,283 44,082
Asset impairment adjustment 25,320,555 0
Changes in assets and liabilities:    
Prepaid expenses 3,515 3,937
Other assets (8,680) 0
Accounts payable 113,158 22,166
Accrued expenses (4,666) (1,165)
Accrued interest payable 26,677 160,772
Related party payables (24,706) 72,369
Stock subscriptions payable 0 78,353
Net cash used in operating activities (2,191,533) (543,956)
Investing Activities:    
Proceeds from disposal of property and equipment 951 0
Financing Activities:    
Proceeds from notes payable - related parties 0 186,626
Proceeds from notes payable - non-related parties 41,665 0
Proceeds from issuances of common stock - non-related parties 0 39,000
Proceeds from offering of preferred stock - related parties 1,700,000 1,000,000
Net cash provided by financing activities 1,741,665 1,225,626
Net Change In Cash (448,917) 681,670
Cash At The Beginning Of The Period 681,759 89
Cash At The End Of The Period 232,842 681,759
Schedule Of Non-Cash Investing And Financing Activities:    
Prepaid expenses with common shares $ 122,162 $ 0
Issuance of common stock, stock warrants and convertible note for asset purchase 29,222,955
Accounts payables and accrued expenses converted to capital $ 265,677 $ 0
Related party payables converted to capital 579,814 59,500
Gain on related party payables converted to capital 272,299 575,492
Related party debt converted to capital 2,378,478 0
Related party debt converted to capital after exercise of cashless stock warrants 65,728 0
Gain on related party debt converted to capital 124,291 0
Non-related party debt converted to capital 166,526 0
Shares issued for cash received in prior years 1,000,000 0
Shares issued for executive compensation in prior year 76,480 0
Gain on related party conversion of preferred stock into common stock 0 1,329,561
Shares to be issued for accrued dividends 107,880 0
Fair value of embedded conversion feature 0 64,800
Intrinsic value-beneficial conversion feature 1,407,501 5,589
Fair value of stock options granted 0 95,567
Fair value of stock warrants granted 0 160,544
Exercise of cashless stock warrants 0 146,774
Supplemental Disclosure:    
Cash paid for interest 1,979 3,750
Cash paid for income taxes $ 0 $ 0
XML 24 R7.htm IDEA: XBRL DOCUMENT v3.21.1
ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
12 Months Ended
Dec. 31, 2020
ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SOBR Safe, Inc. (“SOBR Safe”), formerly TransBiotec, Inc., was incorporated as Imagine Media, Ltd. in August, 2007 in the State of Delaware. A corporation also named TransBiotec, Inc. (“TransBiotec – CA”) was formed in the state of California July 4, 2004. Effective September 19, 2011 SOBR Safe was acquired by TransBiotec - CA in a transaction classified as a reverse acquisition as the shareholders of TransBiotec - CA retained the majority of the outstanding common stock of SOBR Safe after the share exchange. The consolidated financial statements represent the activity of TransBiotec - CA from July 4, 2004 forward, and the consolidated activity of SOBR Safe and TransBiotec - CA from September 19, 2011 forward. SOBR Safe and TransBiotec - CA are hereinafter referred to collectively as the “Company” or “We”. The Company has developed and plans to market and sell a non-invasive alcohol sensing system which includes an ignition interlock. The Company has not generated any revenues from its operations.

 

On March 23, 2020, the Company filed a Definitive 14-C providing notice that the Board of Directors has recommended, and that holders of a majority of the voting power of the Company’s outstanding stock voted, to approve the following.

 

 

1.

To remove and re-elect four (4) directors to serve until the next Annual Meeting of Shareholders and thereafter until their successors are elected and qualified; and

 

 

 

 

2.

To approve an amendment to the Company’s Certificate of Incorporation to: (a) change the Company’s name to SOBR SAFE, Inc., (b) decrease the Company’s authorized common stock from 800,000,000 shares, par value $0.00001 to 100,000,000 shares, par value $0.00001, and (c) effect a reverse stock split of the Company’s outstanding common stock at a ratio between 1-for-32 and 1-for-35 (with the exact ratio to be determined by the directors in their sole discretion without further approval by the shareholders).

 

The above actions taken by the Company’s stockholders became effective on or about May 21, 2020. The effective dates of the above actions were June 5, 2020 and April 20, 2020, respectively, and the actual reverse stock split ratio was 1-for-33.26. All share and per share amounts have been adjusted in these consolidated financial statements to reflect the effect of the reverse stock split. 

 

Basis of Presentation

The accompanying audited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) as promulgated in the United States of America and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for the presentation of annual financial information.

 

In management’s opinion, the audited consolidated financial statements reflect all adjustments (including reclassifications and normal recurring adjustments) necessary to present fairly the financial position for the years ended December 31, 2020 and December 31, 2019, and results of operations and cash flows for the years ended December 31, 2020 and December 31, 2019.

 

Principles of Consolidation

The accompanying audited consolidated financial statements include the accounts of the Company and its majority owned subsidiary, TransBiotec-CA. We have eliminated all intercompany transactions and balances between entities consolidated in these audited financial statements.

  

Use of Estimates

The preparation of audited consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Specifically, such estimates were made by the Company for the valuation of the derivative liabilities, beneficial conversion feature expenses and intellectual technology. Actual results could differ from those estimates.

 

Financial Instruments 

Pursuant to  Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures and ASC 825, Financial Instruments, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 and 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 and 825 prioritizes the inputs into three levels that may be used to measure fair value:

 

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

 

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets: quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

 

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

 

The Company’s financial instruments consist primarily of cash, accounts payable, accrued expenses, accrued interest payable,  related party payables, notes payable, convertible debentures, and other liabilities. Pursuant to ASC 820 and 825, the fair value of our derivative liabilities is determined based on “Level 3” inputs. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

 

The following table presents assets and liabilities that are measured and recognized at fair value as of December 31, 2020 and December 31, 2019:

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Derivative liabilities

 

$ -

 

 

$ -

 

 

$ -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Derivative liabilities

 

$ -

 

 

$ -

 

 

$ 60,650

 

 

Cash

The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. The Company does not have any cash equivalents as of December 31, 2020 and December 31, 2019.

 

Prepaid Expenses

Amounts incurred in advance of contractual performance or coverage periods are recorded as prepaid assets and recognized as expense in the period service or coverage is provided.  

 

Beneficial Conversion Features

From time to time, the Company may issue convertible notes that may contain a beneficial conversion feature. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of the warrants, if related warrants have been granted. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid-in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method.

 

Derivative Instruments

The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instruments are initially recorded at their fair values and are then re-valued at each reporting date, with changes in the fair value reported in the consolidated statements of operations under other income (expense). The accounting treatment of derivative financial instruments requires that the Company record the embedded conversion option at its fair value as of the inception date of the agreement and at fair value as of each subsequent balance sheet date. Any change in fair value is recorded as non-operating, non-cash income or expense for each reporting period at each balance sheet date. If the classification changes as a result of events during the period, the contract is reclassified as of the date of the event that caused the reclassification. As a result of entering into warrant agreements, for which such instruments contained a variable conversion feature with no floor, the Company has adopted a sequencing policy in accordance with ASC 815-40-35-12 whereby all future instruments may be classified as a derivative liability with the exception of instruments related to share-based compensation issued to employees or directors. For stock-based derivative financial instruments, the Company uses a Monte Carlo Simulation model to value the derivative instruments at inception and on subsequent valuation dates.

 

The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. 

 

Preferred Stock

We apply the guidance enumerated in ASC 480 “Distinguishing Liabilities from Equity” when determining the classification and measurement of preferred stock. Preferred shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. We classify conditionally redeemable preferred shares (if any), which includes preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control, as temporary equity. At all other times, we classified our preferred shares in stockholders’ equity.

 

Minority Interest (Noncontrolling Interest)

A subsidiary of the Company has minority members representing ownership interests of 1.38% at December 31, 2020 and December 31, 2019. The Company accounts for these minority, or noncontrolling interests, pursuant to ASC 810-10-65 whereby gains and losses in a subsidiary with a noncontrolling interest are allocated to the noncontrolling interest based on the ownership percentage of the noncontrolling interest, even if that allocation results in a deficit noncontrolling interest balance.

 

Stock-based Compensation

The Company follows the guidance of the accounting provisions of ASC 718 “Share-based Compensation”, which requires the use of the fair-value based method to determine compensation for all arrangements under which employees and others receive shares of stock or equity instruments (warrants and options). The fair value of each option award is estimated on the date of grant using the Black-Scholes options pricing model that uses assumptions for expected volatility, expected dividends, expected term, and the risk-free interest rate. The Company has not paid dividends historically and does not expect to pay them in the future. Expected volatilities are based on weighted averages of the historical volatility of the Company’s common stock estimated over the expected term of the options. The expected term of options granted is derived using the “simplified method” which computes expected term as the average of the sum of the vesting term plus the contract term as historically the Company had limited activity surrounding its options. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the period of the expected term.

 

Research and Development

The Company accounts for its research and development costs pursuant to ASC 730, whereby it requires the Company to disclose the amounts of costs for company and customer-sponsored research and development activities, if material. Research and development costs are expensed as incurred. The Company incurred research and development costs as it acquired new knowledge to bring about significant improvements in the functionality and design of its SOBR product. Research and development costs were $633,050 and $12,787 during the years ended December 31, 2020 and December 31, 2019, respectively.

 

Advertising and Marketing Costs

Advertising and marketing costs are charged to operations as incurred.  Advertising and marketing costs were $96,637 and $3,724 during the years ended December 31, 2020 and December 31, 2019, respectively.     

 

Income Tax

The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company has a deferred tax asset of approximately $2,830,000 and $1,832,000 that is offset by a 100% valuation allowance at December 31, 2020 and December 31, 2019, respectively. Therefore, the Company has not recorded any deferred tax assets or liabilities at December 31, 2020 and December 31, 2019.

 

Net Loss Per Share

Basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period.  Diluted  loss per share gives the effect to all dilutive potential common shares outstanding during the period,  including stock options, warrants and convertible instruments.  Diluted net loss per share excludes all potentially issuable shares if their effect is anti-dilutive.  Because the effect of the Company’s dilutive securities is anti-dilutive, diluted net loss per share is the same as basic loss per share for the periods presented.

 

Concentration of Credit Risk

Certain financial instruments potentially subject the Company to concentrations of credit risk. Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Cash held in operating accounts may exceed the Federal Deposit Insurance Corporation (“FDIC”), insurance limits. Accounts at each institution are insured by the FDIC up to $250,000. While the Company monitors cash balances in our operating accounts on a regular basis and adjust the balances as appropriate, these balances could be impacted if the underlying financial institutions fail. To date, the Company has experienced no loss or lack of access to our cash; however, the Company can provide no assurances that access to our cash will not be impacted by adverse conditions in the financial markets. At December 31, 2020 and December 31, 2019, the Company had $0 and $431,759 in excess of the FDIC insured limit, respectively.

 

Related Parties

Related parties are any entities or individuals that, through employment, ownership or other means, possess the ability to direct or cause the direction of the management and policies of the Company.

 

New Pronouncements

In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. ASU 2019-12 is effective for fiscal years beginning after December 15, 2021. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The Company is evaluating the effects, if any, of the adoption of ASU 2019-12 guidance on the Company's financial position, results of operations and cash flows.

 

In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, which address issues identified as a result of the complexity associated with applying generally accepted accounting principles for certain financial instruments with characteristics of liabilities and equity.  This amendment is effective for public business entities that meet the definition of a SEC filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company is evaluating the effects, if any, of the adoption of ASU 2020-06 guidance on the Company's financial position, results of operations and cash flows.

 

In October 2020, the FASB issued ASU No. 2020-08, Codification Improvements to Subtopic 310-20, Receivables-Nonrefundable Fees and Other Costs, amendments the guidance in ASU No. 2017-08, (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities, which addresses multiple call dates of a callable debt security.  This amendment is effective for public business entities, for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early application is not permitted.  The Company is evaluating the effects, if any, of the adoption of ASU 2020-08 guidance on the Company's financial position, results of operations and cash flows.

XML 25 R8.htm IDEA: XBRL DOCUMENT v3.21.1
GOING CONCERN
12 Months Ended
Dec. 31, 2020
GOING CONCERN  
NOTE 2. GOING CONCERN

The Company has incurred recurring losses from operations and has limited cash liquidity and capital resources. Future capital requirements will depend on many factors, including the Company’s ability to develop products, cash flow from operations, and competing market developments. The Company will need additional capital in the near future. Sources of debt financing may result in high interest expense. Any financing, if available, may be on unfavorable terms. If adequate funds are not obtained, we will be required to reduce or curtail operations.

 

As of December 31, 2020, the Company has an accumulated deficit of approximately $50,000,000. During the year ended December 31, 2020, the Company also experienced negative cash flows from operating activities of approximately $2,200,000. It appears these principal conditions or events, considered in the aggregate, indicate it is probable that the Company will be unable to meet its obligations as they become due within one year after the date the financial statements are issued. As such, there is substantial doubt about the entity’s ability to continue as a going concern.

 

The Company has identified factors that mitigate the probable conditions that have raised substantial doubt about the entity’s ability to continue as a going concern.  On January 15, 2021, the Company initiated a Private Offering (the “Offering”) of up to 40 Units ($2,000,000) with each Unit consisting of one $50,000 principal amount secured convertible debenture, convertible at $3.00 per share, and a Warrant to purchase 25,000 shares of the Company’s common stock at $3.00 per share.  The Secured Debentures carry interest at 12% and mature 24 months after issuance. The Warrants are exercisable six months after issuance and expire 24 months after issuance .  The Offering will be made on a continuous basis until March 31, 2021, which may be extended one-time by our Board of Directors until April 30, 2021 (the “Termination Date”), unless earlier terminated or canceled. There will be no closing of the Offering until a minimum of $500,000 is raised. After an initial closing is held, offers to purchase Units will be aggregated for subsequent closings to be held on a monthly basis until the maximum of $2,000,000 has been raised or until the Termination Date, whichever is earlier.  The Offering may be canceled by the Company at any time and will in any event be canceled if no closing has occurred before the Termination Date.  As of the date of this report the Company has received $1,100,000 of the Offering amount.

 

We will need additional funds beyond the money raised in this Offering, even if the maximum Offering is met.  As a result, we are planning on additional financings in the future.

 

On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus originating in Wuhan, China (the “COVID-19 outbreak”) and the risks to the international community as the virus spreads globally beyond its point of origin. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic, based on the rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. Management is actively monitoring the global situation on its financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, the Company is not able to estimate the effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity for fiscal year 2021. However, if the pandemic continues, it may have a adverse effect on the Company’s results of future operations, financial position, and liquidity in fiscal year 2021.

 

Management believes actions presently being taken to obtain additional funding provide the opportunity for the Company to continue as a going concern; however, these plans are contingent upon actions to be performed by the Company and these conditions have not been met on or before December 31, 2020. Additionally, the COVID-19 outbreak could have a continued material adverse impact on economic and market conditions and trigger a period of global economic slowdown, which would impair the Company’s ability to raise needed funds to continue as a going concern. As such, substantial doubt about the entity’s ability to continue as a going concern was not alleviated as of December 31, 2020.

XML 26 R9.htm IDEA: XBRL DOCUMENT v3.21.1
ASSET PURCHASE
12 Months Ended
Dec. 31, 2020
ASSET PURCHASE  
NOTE 3. ASSET PURCHASE

On June 5, 2020, the Company completed a transaction (the “Transaction”) with IDTEC subject to the terms and conditions of the APA and that was accounted for as an asset purchase. Pursuant to the APA, IDTEC provided personnel, experience, and access to funding to assist with the development of the SOBR device, as well as sold to us certain robotics assets, which our management believes are synergistic with our current assets, in exchange for 12,000,000 shares of our common stock after giving effect to the reverse stock split effected in connection with closing the Transaction. The closing of the Transaction was subject to several conditions precedent, primarily: (i) the Company had to be current in reporting requirements under the Securities Exchange Act of 1934, as amended, (ii) had to complete a reverse stock split of common stock such that approximately 8,000,000 shares were outstanding immediately prior to closing the transaction, (iii) could only have outstanding convertible instruments as set forth in the APA, (iv) authorized common stock had to be reduced to 100,000,000 shares, and (v) not have more than approximately $125,000 in current liabilities. Effective with the closing of the Transaction all of the closing conditions had been met, modified or waived by IDTEC, and the Company issued the 12,000,000 shares to IDTEC.

   

In advance of closing the Transaction, IDTEC and a few other affiliated parties voluntarily committed personnel and funds to the Company to assist with (i) general costs related to the Transaction, (ii) ongoing operating expenses and pay for further engineering and development work on the Company’s products and prototypes, (iii) protect, maintain and develop the Company’s products and intellectual property, (iv) hire, pay and retain the proposed management team, third party consultants and advisors for the Company following the consummation of the sale contemplated in the APA and, (v) take such further actions as are necessary to more quickly expand the Company’s business subsequent to the sale of the purchased assets. The parties agreed that the funds advanced directly to the Company’s vendors were voluntary and were not the obligation of the Company and the Company had no obligation to repay these funds in the event the transaction contemplated by the APA did not close. In the event the Transaction did close, then on the closing date, the Company would issue promissory notes for the aggregate amounts incurred, paid or advanced. As a result of closing the Transaction, the Company issued a convertible promissory note for all the funds spent or advanced by IDTEC prior to closing. This note totaled $1,485,189 (the “APA Note”), with simple interest at 10% per annum, due upon demand, and may be convertible into shares of common stock at $0.50 per share (after giving effect to the reverse stock split and subject to anti-dilution protection against any future securities we may issue at an effective price of less than $0.50 per share) at the discretion of the holder. The repayment of APA Note is secured by a first priority security lien or security interest in the patents, trademarks, tradenames, and other intellectual property of the Company.

 

At closing, some of the closing conditions under the APA were either waived and/or modified by the parties. In order to document those modifications and waivers, we entered into a Waiver Under Asset Purchase Agreement and Post-Closing Covenant Agreement with IDTEC. One of the closing conditions that was the subject of the Waiver Under Asset Purchase Agreement and Post-Closing Covenant Agreement was the requirement that the Company have under $125,000 in permitted liabilities (not including aged liabilities) after closing of the Transaction. At closing we had approximately $158,000 in non-permitted liabilities under the APA. As a result, the Company issued a Warrant to Purchase Common Stock to IDTEC (the “Warrant”), under which IDTEC will purchase up to 320,000 shares of our common stock (post-split) at an exercise price of $0.50 per share, if either (i) we are forced to pay a non-permitted liability, then we may force IDTEC to exercise the Warrant and pay the exercise price to pay the non-permitted liability, but only in an amount sufficient to pay the non-permitted liability, or (ii) if IDTEC otherwise elects to exercise the Warrant and acquire some or all of the shares underlying the Warrant. The Warrant expires five years after the date of issuance.

 

The Transaction recorded as an asset purchase was valued at $29,222,955, which consists of the market price as of June 5, 2020 of the Company’s 12,000,000 shares of common stock issued totaling $27,120,000, the funds spent by IDTEC and affiliates prior to closing of $1,407,051 and the fair value of the Warrant issued of $695,454.  In determining the fair value of the intangible assets, the Company considered, among other factors, the best use of acquired assets such as the analysis of historical financial performance of the products and estimates of future performance of the products and intellectual properties acquired. The  allocation to identifiable intangible assets required extensive use of financial information and management's best estimate of fair value.   

 

The following summarizes the transaction closing with IDTEC on June 5, 2020:

 

Property and equipment

 

$

47,725

 

Intangible assets

 

 

29,175,230

 

Total assets

 

$

29,222,955

 

 

 

 

 

 

Net purchase (fair value of stock issued, warrants and notes payable)

 

$

29,222,955

 

 

Subsequent to the Transaction closing, the Company evaluated the fair value of the 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. Based on the assessment of fair value, the Company recognized an asset impairment loss of $25,320,555 resulting from the APA during the year ended December 31, 2020. The impairment was due to the increase of the Company's stock price value. The stock price of the Company at closing of the Transaction was significantly higher than expected from the stock price of the Company when the Company signed the APA. The number of shares to be given to IDTEC as consideration for the Transaction would not get updated for any stock price changes.

XML 27 R10.htm IDEA: XBRL DOCUMENT v3.21.1
PREPAID EXPENSES
12 Months Ended
Dec. 31, 2020
PREPAID EXPENSES  
NOTE 4. PREPAID EXPENSES

Prepaid expenses consist of the following:

 

 

 

December 31,

2020

 

 

December 31,

2019

 

Insurance

 

$

3,370

 

 

$

-

 

Consulting services

 

 

111,860

 

 

 

7,343

 

Other prepaid expenses

 

 

-

 

 

 

1,711

 

 

 

 

 

 

 

 

 

 

Prepaid expenses

 

$

115,230

 

 

$

9,054

 

   

During 2020, the Company entered into two consulting agreements for marketing services. The Company has to issue a total of 87,500 of its common shares valued at $142,714 under the terms of the agreements.  As of December 31, 2020, the share value is included in common stock subscriptions payable as the shares had not been issued.  Stock- based compensation expense for the year ended December 31, 2020 includes approximately $33,000 for these service agreements. 

XML 28 R11.htm IDEA: XBRL DOCUMENT v3.21.1
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2020
PROPERTY AND EQUIPMENT  
NOTE 5. PROPERTY AND EQUIPMENT

Property and equipment, net consists of the following:

 

 

 

 December 31,

 2020

 

 

 

 

 

Robotics and testing equipment             

 

$ 46,200

 

Office furniture and equipment

 

 

1,525

 

 

 

 

47,725

 

Accumulated depreciation

 

 

(7,340 )

Net property and equipment disposed

 

 

(40,385 )

Property and equipment, net

 

$ 0

 

                                              

Depreciation is computed on a straight-line basis over the assets estimated useful lives of three years. Depreciation for the years ended December 31, 2020 and 2019 was $7,340 and none, respectively.

XML 29 R12.htm IDEA: XBRL DOCUMENT v3.21.1
INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2020
INTANGIBLE ASSETS  
NOTE 6. INTANGIBLE ASSETS

Intangible assets consist of the following at December 31, 2020:

 

 

 

 Gross Carrying

Amount 

 

 

 Accumulated

Amortization   

 

 

 Net Intangible

Asset 

 

 

 Amortization Period

(in years)

 

SOBR Safe

 

 

 

 

 

 

 

 

 

 

 

 

Intellectual Technology

 

$

3,854,675

 

 

$

224,854

 

 

$

3,629,821

 

 

 

10

 

 

Amortization expense for the years ended December 31, 2020 and 2019 was $224,854 and none, respectively.

 

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

 

2021

 

 

 2022 

 

 

 2023

 

 

  2024

 

 

 2025

 

 

 Thereafter

 

$

385,467

 

 

$

385,467

 

 

$

385,467

 

 

$

385,467

 

 

$

385,467

 

 

$

1,702,486

 

 

XML 30 R13.htm IDEA: XBRL DOCUMENT v3.21.1
RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2020
RELATED PARTY TRANSACTIONS  
NOTE 7. RELATED PARTY TRANSACTIONS

On December 3, 2014, Lanphere Law Group, a related party and shareholder, entered into an agreement with the Company to convert 50% of its outstanding accounts payable of $428,668 to a note payable. This note payable represents one half of the balance in the amount of $214,334 of legal fees and costs owed up until October 31, 2014. This agreement further provided that the remaining 50% of unpaid legal fees in accounts payable were to be paid and retained as a current payable. In addition, 50% of the legal fees and costs incurred beginning with the legal services provided to the Company on November 1, 2014 are to be converted on a monthly basis to common stock at a price of $0.09 per share until the accounts payable balance for legal fees is paid current. The Company has recorded to equity, a total related party gain connected to these conversions during the years ended December 31, 2020 and 2019 of none and $22,585, respectively. The Company converted the remaining payables to common stock through a separate agreement and there are no more payables to convert as of December 31, 2020.

 

On July 1, 2015, the Company amended the December 3, 2014 note payable agreement with Lanphere Law Group, which forgave $108,000 of the note payable’s principal balance. This debt forgiveness decreased the original principal balance on the note of $214,334 to a new principal balance of $106,335, and a related party gain of $108,000 was recorded to additional paid-in capital. This amendment also extended the note payable’s due date to December 2, 2015. The note was converted to common stock during the year ended December 31, 2020.

 

On March 8, 2017, Lanphere Law Group irrevocably elected to exercise warrants in order to acquire 969,601 shares of the Company’s common stock in exchange for an aggregate exercise price of $112,871, which was used for the deduction of $74,672 of principal and $38,199 of accrued interest related to the December 3, 2014 note payable agreement with Lanphere Law Group. The forgiveness of the note payable principal of $74,672 was recorded to equity and the $38,199 of related accrued interest was also recorded to equity. The principal balance of the note after the debt deduction was $31,662. On January 3, 2020, the note payable principal balance of $31,662 was converted to 9,520 common shares at a per share price of $3.326. As of December 31, 2020 and December 31, 2019, the principal balance of this note was none and $31,662, respectively. As of December 31, 2020 and December 31, 2019, the accrued interest on this note was none and $9,508, respectively.

 

Due to cash flow constraints, the Company experienced difficulty in compensating its directors for their service in their capacity as directors; therefore, such directors may receive stock options to purchase common shares as awarded by its Board of Directors or (as to future stock options) a compensation committee which may be established. Directors are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection with business related travel and attendance at meetings of its Board of Directors. The Company’s Board of Directors may award special remuneration to any director undertaking any special services on our behalf other than services ordinarily required of a director. On August 23, 2019, the Company entered into a Common Stock Purchase Agreement (the “Bennington SPA”) with Charles Bennington, one of the Company’s directors, under which the Company agreed to issue 420,926 shares of its common stock in exchange for Mr. Bennington forgiving $595,000 in accrued compensation and services due. The Company also recorded a related party gain on the conversion of executive compensation to common shares of $535,500 that was accounted for as additional paid-in capital. The common shares were issued on or about August 28, 2019 at a per-share purchase price of $1.4135 per share.

 

On August 23, 2019, the Company entered into a Debt Conversion and Common Stock Purchase Plan (the “Lanphere SPA”) with Michael Lanphere, a beneficial owner of the Company, under which the Company agreed to issue 643,438 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Lanphere under numerous promissory notes. Mr. Lanphere’s option to acquire the shares was under the terms of certain Loan Agreement with Promissory Note and Stock Fees agreements entered into with the Company and Mr. Lanphere. The amount of the debt reduction and, therefore the purchase price of the shares, was $96,303 which was used for the deduction of related party notes payable principal of $77,927 and accrued interest of $18,376. The Company recognized a related party gain of $5,350 and accounted for it as additional paid-in capital. The common shares were issued on or about August 28, 2019 at an effective conversion price of $0.1497 per share. After this exercise, Lanphere Law Group owned warrants to acquire an additional 454,097 shares of our common stock, which were subsequently exercised during 2020.

   

On August 23, 2019, the Company entered into a Debt Conversion and Common Stock Purchase Plan (the “Mishal SPA”) with Devadatt Mishal, one of the Company’s  former directors and current shareholder, under which the Company agreed to issue 394,901 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Mishal under numerous promissory notes. Mr. Mishal’s option to acquire the shares was under the terms of certain Loan Agreement with Promissory Note and Stock Fees agreements entered into with the Company and Mr. Mishal. The amount of the debt reduction and, therefore the purchase price of the shares, was $56,478 which was used for the deduction of related party notes payable principal of $45,000 and accrued interest of $11,478. The Company recognized a related party gain of $657 and accounted for it as additional paid-in capital. The common shares were issued on or about August 28, 2019 at an effective conversion price of $0.1430 per share. After this exercise, Devadatt Mishal owns no warrants to acquire additional shares of our common stock.

 

On August 23, 2019, the Company entered, into a Share Exchange Agreement (the “Lanphere SEA”) with Michael Lanphere, a beneficial owner of the Company under which the Company agreed to issue 156,537 shares of its common stock in exchange for 520,643 shares of the Company’s Series A Convertible Preferred Stock owned by Mr. Lanphere. The Series A Convertible Preferred Stock were exchanged for the Company’s common shares at a price of $3.326 per share. The fair value of the common shares was $22,127. Per ASC 470-50-40-2, debt modification and extinguishment transactions between related parties are in essence a capital contribution from a related party. As a result, rather than recording a gain on extinguishment of debt, the Company recorded $498,516 to additional paid-in capital.

 

On August 23, 2019, the Company entered into a Share Exchange Agreement (the “Justus SEA”) with Vernon Justus, a shareholder, under which the Company agreed to issue 260,954 shares of its common stock in exchange for 867,932 shares of the Company’s Series A Convertible Preferred Stock owned by Mr. Justus. The Series A Convertible Preferred Stock were exchanged for the Company’s common shares at a price of $3.326 per share. The fair value of the common shares was $36,887. Per ASC 470-50-40-2, debt modification and extinguishment transactions between related parties are in essence a capital contribution from a related party. As a result, rather than recording a gain on extinguishment of debt, the Company recorded $831,045 to additional paid-in capital.

 

The Company entered into a lease agreement with Lanphere Law Group, a related party and shareholder, whereas the Company was the tenant and paying monthly rent of $4,100. The term of this operating lease ran from July 1, 2015 to June 30, 2019. From July 1, 2019 through December 31, 2019, the Company leased the same office space on a month to month basis. Rent expense, including CAM charges, for the years ended December 31, 2020 and 2019 of none and $39,315, respectively, was accounted for as general and administrative expense. 

 

On October 25, 2019, the Company granted Charles Bennington, one of the Company’s directors, an option to acquire 24,053 shares of the Company’s common stock under the Company’s 2019 Equity Incentive Plan. The stock option has an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with option vesting quarterly over a one-year period commencing January 1, 2020. The stock option has a five-year term. The issuance of the stock option was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, due to the fact Mr. Bennington is one of the Company’s  directors, is a sophisticated investor and familiar with our operations.  None of Mr. Bennington’s common stock options vested, and therefore none were expensed during the year ended December 31, 2019. For the year ended December 31, 2020, stock option expense for the options vested was $4,592.  No vested options were exercised as of December 31, 2020.

 

On October 25, 2019, the Company granted Nick Noceti, the Company’s former Chief Financial Officer, an option to acquire 24,053 shares of our common stock under our 2019 Equity Incentive Plan. The stock option has an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with option vesting quarterly over a two-year period commencing January 1, 2020. The stock option has a five-year term. The issuance of the stock option was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, due to the fact Mr. Noceti was at that time the Company’s Chief Financial Officer, is a sophisticated investor and familiar with our operations. None of Mr. Noceti’s common stock options vested, and therefore none were expensed during the year ended December 31, 2019.  For the year ended December 31, 2020, stock option expense for the options vested was $2,271.  No vested options were exercised as of December 31, 2020.

   

 On October 25, 2019, the Company granted Gary Graham, one of the Company’s former directors and current beneficial owner of the Company, an option to acquire 24,053 shares of our common stock under our 2019 Equity Incentive Plan. The stock option has an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with option vesting quarterly over a one-year period commencing January 1, 2020. The stock option has a five-year term. The issuance of the stock option was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, due to the fact Mr. Graham had been consulting with the Company for more than one year at the time of grant, is a sophisticated investor and familiar with our operations. None of Mr. Graham’s common stock options vested, and therefore none were expensed during the year ended December 31, 2019.  For the year ended December 31, 2020, stock option expense for the options vested was $4,592.  No vested options were exercised as of December 31, 2020.

 

On October 25, 2019, the Company entered into an Employment Agreement with Mr. Kevin Moore to serve as the Company’s Chief Executive Officer (the “Moore Agreement”). Under the terms of the Moore Agreement, Mr. Moore will perform services for the Company that are customary and usual for a chief executive officer of a company, in exchange for: (i) 24,053 shares of our common stock per month until the IDTEC Transaction closes, (ii) thereafter, an annual base salary of $213,000, (iii) sales bonuses based on the Company’s sales, and (iv) incentive stock options under the Company’s 2019 Equity Compensation Plan to acquire 1,058,329 shares of our common stock, at an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 29,398 shares during the three-year term of the Moore Agreement. The stock options have a ten-year term. 58,796 of these common stock option shares, valued at $14,080, were vested and expensed at December 31, 2019. No shares have been issued to Mr. Moore as of December 31, 2019.   For the year ended December 31, 2020, stock option expense for the 352,776 options vested was $79,557.  No vested options were exercised as of December 31, 2020.

 

On October 25, 2019, the Company entered into an Employment Agreement with Mr. David Gandini to serve as the Company’s Chief Revenue Officer (the “Gandini Agreement”). Under the terms of the Gandini Agreement, Mr. Gandini will perform services for the Company that are customary and usual for a chief revenue officer of a company, in exchange for: (i) an annual base salary of $185,000, (ii) sales bonuses based on the Company’s sales, (iii) incentive stock options under our 2019 Equity Compensation Plan to acquire 721,588 shares of our common stock, at an exercise price of $0.2635, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 20,044 shares during the three-year term of the Gandini Agreement, and (iv) an aggregate of 240,530 additional option shares (the “Pre-Vesting Option Shares”) to vest as follows: (i) 200,439 Pre-Vesting Option Shares representing the monthly vesting option shares for the ten months ended October 31, 2019 to vest on November 1, 2019; and (ii) the remaining 40,091 Pre-Vesting Option Shares representing the monthly vesting option shares for the two months ended December 31, 2019 shall vest on January 1, 2020. The stock options have a ten-year term. The Company will be issuing Mr. Gandini a stock option agreement for the options he was issued under the Gandini Agreement. 240,530 of these common stock option shares, valued at $57,574, were vested and expensed at December 31, 2019. No shares have been issued to Mr. Gandini as of December 31, 2019.  For the year ended December 31, 2020, stock option expense for the 240,530 options vested was $54,720.  No vested options were exercised as of December 31, 2020.

 

On January 3, 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with Michael Lanphere, a beneficial owner of the Company, under which he agreed to exercise warrants and the Company agreed to issue 454,097 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Lanphere under two promissory notes. Mr. Lanphere’s option to acquire the shares was under the terms of certain Loan Agreement with Promissory Note and Stock Fees agreements entered into with the Company and Mr. Lanphere on April 17, 2019 and July 17, 2019. The amount of the debt reduction, and therefore the purchase price of the shares, was approximately $66,000 which was used for the deduction of related party notes payable principal of  approximately $66,000. 180,397 common shares were issued on January 3, 2020 at an effective conversion price of $0.133 and 273,700 common shares were issued on January 3, 2020 at an effective conversion price of $0.153. After this exercise, Lanphere Law Group owns no warrants for shares of our common stock.

 

On January 3, 2020, the Company entered into another Debt Conversion and Common Stock Purchase Plan with Michael Lanphere, under which the Company agreed to issue 63,225 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Lanphere under numerous other remaining promissory notes. The amount of the debt reduction, and therefore the purchase price of the shares, was $210,285 which was used for the deduction of related party notes payable principal of $169,606 and accrued interest of $40,679. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $52,000 and accounted for it as additional paid-in capital. The common shares were issued on January 3, 2020 at an effective conversion price of $3.326 per share.

   

 On January 3, 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with Vernon Justus, a shareholder, under which the Company agreed to issue 84,963 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Justus under a promissory note. The amount of the debt reduction, and therefore the purchase price of the shares, was $282,588 which was used for the deduction of a related party note payable principal of $180,001 and accrued interest of $102,587. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $70,000 and accounted for it as additional paid-in capital. The common shares were issued on January 3, 2020 at an effective conversion price of $3.326 per share.

 

On January 16, 2020, the Company entered into a Accounts Payable Conversion and Common Stock Purchase Plan with Michael Lanphere, under which the Company agreed to issue 214,883 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Lanphere for unpaid legal bills. The amount of the debt reduction, and therefore the purchase price of the shares, was $714,700 which was used for the deduction of related party payables of $714,700. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $222,000 and accounted for it as additional paid-in capital. The common shares were issued on January 16, 2020 at an effective conversion price of $3.326 per share.

 

On January 30, 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with Devadatt Mishal, one of the Company’s former directors and current shareholder, under which the Company agreed to issue 499,965 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Mishal under numerous promissory notes. The amount of the debt reduction, and therefore the purchase price of the shares, was $456,641 which was used for the deduction of related party notes payable principal of $270,300 and accrued interest of $186,341. The Company also recorded a loss on related party debt extinguishment of approximately $144,000. The common shares were issued on January 30, 2020 at an effective conversion price of $0.91465 per share.

 

On March 23, 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with Prakash Gadgil, one of the Company’s former directors and current shareholder, under which the Company agreed to issue 586 shares of its common stock in exchange for a reduction in the amounts owed to Mr. Gadgil under a promissory note. The amount of the debt reduction, and therefore the purchase price of the shares, was $1,950 which was used for the deduction of a related party note payable principal of $1,950. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $1,000 and accounted for it as additional paid-in capital. The common shares were issued on March 23, 2020 at an effective conversion price of $3.326 per share.

 

On April 6, 2020, the Company agreed with Nick Noceti, the Company’s former Chief Financial Officer, to issue 38,437 shares of its common stock in exchange for amounts due for accounting fees. The amount of the debt reduction, and therefore the purchase price of the shares, was $127,840 which was used for the deduction of a related party accounts payable of $127,480. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $49,000 and accounted for it as additional paid-in capital. The common shares were issued on April 4, 2020 at an effective conversion price of $3.326 per share.

 

On April 7, 2020, the Company agreed with Charles Bennington, one of the Company’s  directors, to issue 6,831 shares of its common stock in exchange for amounts due for Board of Director fees. The amount of the debt reduction, and therefore the purchase price of the shares, was $9,656 which was used for the deduction of a related party accounts payable of $9,656. Based on the fair value of the shares issued, the Company recognized a related party gain of approximately $2,000 and accounted for it as additional paid-in capital. The common shares were issued on April 7, 2020 at an effective conversion price of $1.41 per share.

XML 31 R14.htm IDEA: XBRL DOCUMENT v3.21.1
NOTES PAYABLE
12 Months Ended
Dec. 31, 2020
NOTES PAYABLE  
NOTE 8. NOTES PAYABLE

RELATED PARTIES

 

Related party notes payable consist of the following:

 

 

 

December 31,

2020

 

 

December 31,

2019

 

 

 

 

 

 

 

 

Convertible Notes Payable

 

$

-

 

 

$

161,000

 

Conventional Non-Convertible Notes Payable

 

 

11,810

 

 

 

328,423

 

Notes Payable with Detached Free-standing Warrants

 

 

-

 

 

 

280,119

 

Unamortized Discount

 

 

-

 

 

 

(8,656

)

Net Related Party Notes Payable

 

$

11,810

 

 

$

760,886

 

 

Total interest expense for related party notes was $98,313 and $91,845 for the years ended December 31, 2020 and 2019, respectively.

 

Related Party Convertible Notes Payable

 

The Company has none and seven convertible notes payable to related parties that have a principal balance of none and $161,000 as of December 31, 2020 and December 31, 2019, respectively. These notes carried interest rates ranging from 7% to 10%. These notes carried  fixed and variable conversion prices per share. The Company evaluated these convertible notes payable for embedded  and beneficial conversion features. The Company determined that there were both derivative embedded conversion features and beneficial conversion features to record. The conversion features were either fully amortized upon grant or over the life of the convertible notes payable.  The Company evaluated these convertible notes and determined that its embedded conversion feature carried a debt discount that should be fully amortized upon grant. The Company fully amortized this debt discount and recorded it as amortization of debt discount – interest expense in the amount of $64,800 for the year end December 31, 2019.

 

During 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with a related party, under which the Company agreed to issue approximately 157,000 shares of its common stock in exchange for a reduction of four convertible notes payable to related parties. The amount of the debt reduction, and therefore the purchase price of the shares, was $143,119 which was used for the deduction of related party convertible notes payable principal of $91,000 and accrued interest of $52,119.

 

On June 5, 2020 the Company issued the convertible APA Note to a related party with a principal balance of  $1,485,189, which included the $70,000 balance of three convertible notes payable to related parties and related accrued interest of $7,689 outstanding at December 31, 2019.  The note includes simple interest at 10% per annum, due upon demand, and may be convertible into shares of common stock at $0.50 per share (after giving effect to the reverse stock split and subject to anti-dilution protection against any future securities we may issue at an effective price of less than $0.50 per share) at the discretion of the holder.  The Company evaluated the convertible note payable for derivative embedded and beneficial  conversion features. The Company determined that there was a  beneficial conversion feature to record. During the year ended December 31, 2020, beneficial conversion feature amortization expense related to this related party convertible note payable of $1,407,675 was accounted for as amortization of interest - beneficial conversion feature expense in the consolidated statements of operations.  On November 15, 2020, the related party holder elected to convert the note principal and accrued interest balance of $1,551,514 into 3,103,028 of shares of common stock.

  

Related Party Non-convertible Notes Payable

 

The Company has one and nine non-convertible notes payable to related parties that have a principal balance of $11,810 and $328,423 as of December 31, 2020 and December 31, 2019, respectively. These notes carry interest rates ranging from 0% to 10%.  The outstanding note payable as of December 31, 2020 had a due date of December 31, 2012  and is currently in default.    

 

During 2020, the Company entered into Debt Conversion and Common Stock Purchase Plans with four related parties, under which the Company agreed to issue approximately 343,000 shares of its common stock in exchange for a reduction of eight non-convertible notes payable to related parties. The amount of the debt reduction, and therefore the purchase price of the shares, was $549,311 which was used for the reduction of related party non-convertible notes payable principal of $316,613 and accrued interest of $232,698.

 

Related Party Notes Payable with Warrants

 

The Company has none and twenty-four notes payable with detached free-standing warrants to related parties that have a principal balance of none and $280,119 as of December 31, 2020 and December 31, 2019, respectively. These notes carried interest rates ranging from 7% to 10%. The exercise price for each note payable with detached free-standing warrant ranged from $0.1330 - $0.1530. As of December 31, 2019, these notes carried outstanding detached free-standing warrants of 454,097. The unamortized discount related to these stock warrants at December 31, 2020 and December 31, 2019 is none and $8,656, respectively. During the years ended December 31, 2020 and 2019, stock warrants amortization expense recorded as interest expense related to these stock warrants was $8,656 and $37,072, respectively. The relative fair market value of the related stock warrants granted during the years ended December 31, 2020 and 2019 was none and $38,998, respectively.

 

During 2020, the Company entered into Debt Conversion and Common Stock Purchase Plans with two related parties, under which the Company agreed to issue approximately 602,000 shares of its common stock in exchange for a reduction of 24 notes payable with detached free-standing warrants to related parties. The amount of the debt reduction, and therefore the purchase price of the shares, was $320,858 which was used for the deduction of related party notes payable with detached free-standing warrants principal of $280,119 and accrued interest of $40,739.

 

NON- RELATED PARTIES 

 

Non- related party notes payable consist of the following:

 

 

 

December 31,

2020

 

 

December 31,

2019

 

 

 

 

 

 

 

 

Convertible Notes Payable

 

$

56,683

 

 

$

143,136

 

Conventional Non-Convertible Notes Payable

 

 

42,500

 

 

 

21,438

 

Notes Payable with Detached Free-standing Warrants

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

 

 

Net Non-Related Party Notes Payable

 

$

104,183

 

 

$

169,574

 

 

Total interest expense for non-related party notes was $17,415 and $56,546 for the years ended December 31, 2020 and 2019, respectively.

    

 Convertible Notes Payable

 

The Company has three and fifteen convertible notes payable to non-related parties that have a principal balance of $56,683 and $143,136 as of December 31, 2020 and December 31, 2019, respectively. These notes carry interest rates ranging from 5% - 30% and have due dates ranging from 2/08/2012 – 3/06/2022. Two of the three notes  as of December 31, 2020 are in default. These notes carry conversion prices ranging from $0.0565- $10.7619 per share.  The Company evaluated these convertible notes payable for derivative embedded  and beneficial conversion features. The Company determined that there were beneficial conversion features to record. The conversion features were either fully amortized upon grant or over the life of the convertible notes payable. The conversion features were fully amortized as of December 31, 2020 and 2019.  During the years ended December 31, 2020 and 2019, beneficial conversion feature amortization expense related to these convertible notes payable of none and $5,920, respectively, was accounted for as amortization of interest - beneficial conversion feature expense in the  consolidated statements of operations. 

 

During 2020, the Company entered into Debt Conversion and Common Stock Purchase Plans with six non-related parties, under which the Company agreed to issue 50,135 shares of its common stock in exchange for a reduction of eleven convertible notes payable to non-related parties. The amount of the debt reduction, and therefore the purchase price of the shares, was $166,750 which was used for the deduction of non-related party convertible notes payable principal of $83,953 and accrued interest of $82,797. The Company recorded a non-related party gain on loan extinguishment  of approximately $103,000.

 

During 2020, the Company also entered into a non-related party convertible note payable agreement to convert a high interest rate convertible non-related party note payable with a principal balance of $25,000 and accrued interest due of $22,500 to a non-related party convertible note payable of $47,500 that accrues interest at 5%. The note conversion rate is $2 per common share. The Company recorded a loss on non-related party debt extinguishment of $11,697.

 

During 2020, the holder of a $25,000 convertible promissory note with interest at 30% and accrued interest of $61,875 replaced the carrying amount of the note and its conversion features with a new non-convertible note totaling $25,000 that bears interest at 5%. The Company recorded a gain on non-related party debt extinguishment of $61,875.

 

Non-convertible Notes Payable

 

The Company has three non-convertible notes payable to non-related parties that have a principal balance of $42,500 and $21,438 as of December 31, 2020 and December 31, 2019, respectively. These notes carry interest rates ranging from  5% - 18% and have due dates ranging from 1/31/2013 - 6/09/2022. Two of the three notes  as of December 31, 2020 are in default. 

 

During 2020, the Company entered into a Debt Conversion and Common Stock Purchase Plan with a non-related party, under which the Company agreed to issue 20,313 shares of its common stock in exchange for a reduction of a non-convertible non-related party note payable. The amount of the debt reduction, and therefore the purchase price of the shares, was $67,561 which was used for the deduction of non-related party non-convertible notes payable principal of $3,938 and accrued interest of $63,623. The Company recorded a non-related party gain on loan extinguishment  of approximately $14,000.

 

On May 12, 2020, the Company received proceeds of $41,665 from a commercial bank under the SBA Payroll Protection Loan Program. The loan requires interest at 1% and 18 monthly payments of principal and interest beginning December 5, 2020. Provisions of the SBA Payroll Protection Loan Program allow for portions or all the loan balance to be forgiven should certain criteria be met.  On December 7, 2020 the Company was notified that the principal balance and accrued interest of $242 was forgiven, and thus the Company  recorded a gain on loan extinguishment of approximately $42,000.

 

Notes Payable with Warrants

 

The Company has one note payable with detached free-standing warrants to a non-related party that has a principal balance of $5,000 and $5,000 as of December 31, 2020 and December 31, 2019, respectively. This note carries an interest rate of 10% and had a due date of 9/11/2014. This note is currently in default The detached free-standing warrants for this note payable were not exercised by the note holder and expired on May 16, 2019. There was no unamortized discount related to these stock warrants as of  December 31, 2020 and December 31, 2019, and no stock warrant amortization expense was recorded to interest expense during the years ended December 31, 2020 and 2019.

 

F-21

v

XML 32 R15.htm IDEA: XBRL DOCUMENT v3.21.1
DERIVATIVE LIABILITY
12 Months Ended
Dec. 31, 2020
DERIVATIVE LIABILITY  
NOTE 9. DERIVATIVE LIABILITY

 In 2019, the Company borrowed $ 70,000 under convertible promissory notes agreement from an unrelated party that are due upon demand.  The notes bear interest at a rate of 10% per annum and are convertible into the Company’s common shares at a variable conversion price based on a 50% discount of the market price at an undetermined future date. The Company analyzed the conversion features of the note agreement for derivative accounting consideration under ASU 2017-11 (ASC 815-15, Derivatives and Hedging), and determined the embedded conversion features should be classified as a derivative because the exercise price of the convertible note is subject to a variable conversion rate and should therefore be accounted for at fair value under ASC 820, Fair Value Measurements and Disclosures, and ASC 825, Financial Instruments. In accordance with ASC 815-15, the Company has bifurcated the conversion feature of the note and recorded a derivative liability.

 

The embedded derivative for the notes were carried on the Company’s balance sheet at fair value. The derivative liability was marked to market each measurement period and any unrealized change in fair value is recorded as a component of the statement of operations and the associated fair value carrying amount on the balance sheet was adjusted by the change. The Company fair valued the embedded derivatives using a Monte Carlo simulation model based on the following assumptions: (1) expected volatility of 180%, (2) risk-free interest rate of 0.13%, and (3) expected life from 1 month to 1 year. On March 1, 2019, the date of the first note, the fair value of the embedded derivative was $28,000. On May 3, 2019, the date of the second note, the fair value of the embedded derivative was $28,100. On October 26, 2019, the date of the third note, the fair value of the embedded derivative was $8,700. The notes carried an embedded conversion feature of $64,800 that was fully amortized to interest expense during the year ended December 31, 2019. The notes were not converted and deemed paid in full at the closing of the Transaction on June 5, 2020. The principal amounts of these notes were settled and transferred to the APA Note and a loss on debt extinguishment of $273,462 was recognized during the year ended December 31, 2020.  The fair value of the embedded derivative recorded on the balance sheet as a liability was none and $60,650 at December 31, 2020 and December 31, 2019, respectively. Utilizing level 3 inputs, the Company recorded a fair market value gain of $60,650 and $4,150 for the years ended December 31, 2020 and 2019, respectively.

 

A summary of the activity of the derivative liability is shown below:

 

Balance at December 31, 2019 

 

$

60,650

 

Fair market value adjustments (including settlements)

 

 

(60,650

)

Balance at December 31, 2020

 

$

0

 

 

XML 33 R16.htm IDEA: XBRL DOCUMENT v3.21.1
COMMON STOCK
12 Months Ended
Dec. 31, 2020
COMMON STOCK  
NOTE 10. COMMON STOCK

The Company’s common stock transactions for the year ended December 31, 2019 consists of the following:

 

1,065,982 shares were issued to non-related parties for $39,000 in cash.

 

420,926 shares were issued for the conversion of $595,500 of accrued executive compensation owed to a related party at $0.0143 per share.  A related party gain of $535,500 was recorded as additional paid-in capital.

 

1,038,339 shares were issued for the conversion of $152,781 of related party debt from $0.1430 to $0.1497 per share.  1,038,339 stock warrants were settled along with the related party debt.

  

417,491 shares were issued to related parties in exchange for 1,388,575 shares of the Company’s Series A Convertible Preferred Stock at $3.326 per share.  A related party gain of $1,329,561 was recorded as additional paid-in capital.

 

The Company’s common stock transactions for the year ended December 31, 2020 consists of the following:

 

1,025 shares were issued at $20.29 per share to a non-related party as compensation for services provided. 

 

72,159 shares were issued for services provided under an Employment Agreement with Kevin Moore dated October 25, 2019.

 

454,097 shares were issued for the conversion of $65,728 of related parties’ debt from $0.1530 to $0.13304 per share pursuant to terms of the convertible promissory notes. 454,097 stock warrants were settled along with the related party debt.

 

12,000,000 shares were issued to complete the Transaction with IDTEC that was accounted for as an asset purchase.   The shares were issued at a value of $27,120,000.

 

159,395 shares were issued to non-related parties for the conversion of approximately $266,000 of accounts payable and accrued expenses from $0.5821 to $3.326 per share.  The Company recorded a net gain of approximately $62,000 resulting from the stock issuance.

 

260,150 shares were issued to related parties for the conversion of $852,196 of related party payables from $1.115 to $3.326 per share.  A related party gain of $272,299 was recorded as additional paid-in capital.

 

648,739 shares were issued to related parties for the conversion of $622,004 of debt from $0.9146 to $3.326 per share.  The Company recorded $143,660 of loss on debt extinguishment  and a related party gain of $124,291 was recorded as additional paid in-capital as a result of the stock issuance.

 

70,448 shares were issued to non-related parties for the conversion of $65,391 of debt  at $3.326 per share.  The Company recorded $41,665 of loss resulting from the stock issuance. 

 

3,103,028 shares were issued to a related party for the conversion of $1,551,514 of debt under the terms of a convertible promissory note. The note converted at $0.50 per share.    

 

2,700,000 shares were issued to a related party under the terms governing the shares of Series A-1 Convertible Preferred Stock.  In addition, as a result of the conversion of the Series A-1 Convertible Preferred Stock we owed  accrued dividends totaling $107,880, which we could pay in cash or in shares of our common stock based on the price of common stock on the applicable dividend dates.  Our management and Board of Directors elected to pay the accrued dividends in shares of common stock.  Based on the price of the common stock on the applicable dividend dates, we owed 43,169 shares of common stock in full satisfaction of the accrued dividends.  As of  December 31, 2020, 43,169 shares were recorded in common stock subscriptions payable and were issued on January 6, 2021.

XML 34 R17.htm IDEA: XBRL DOCUMENT v3.21.1
PREFERRED STOCK
12 Months Ended
Dec. 31, 2020
PREFERRED STOCK  
NOTE 11. PREFERRED STOCK

On November 20, 2015, the Company’s Board of Directors authorized a class of stock designated as preferred stock with a par value of $0.00001 per share comprising 25,000,000 shares, 3,000,000 shares of which were classified as Series A Convertible Preferred Stock. In each calendar year, the holders of the Series A Convertible Preferred Stock are entitled to receive, when, as and if, declared by the Board of Directors, out of any funds and assets of the Company legally available, non-cumulative dividends, in an amount equal to any dividends or other Distribution on the common stock in such calendar year (other than a Common Stock Dividend). No dividends (other than a Common Stock Dividend) shall be paid and no distribution shall be made with respect to the common stock unless dividends shall have been paid or declared and set apart for payment to the holders of the Series A Convertible Preferred Stock simultaneously. Dividends on the Series A Convertible Preferred Stock shall not be mandatory or cumulative, and no rights or interest shall accrue to the holders of the Series A Convertible Preferred Stock by reason of the fact that the Company shall fail to declare or pay dividends on the Series A Convertible Preferred Stock, except for such rights or interest that may arise as a result of the Company paying a dividend or making a distribution on the common stock in violation of the terms. The holders of each share of Series A Convertible Preferred Stock then outstanding shall be entitled to be paid, out of the Available Funds and Assets, and prior and in preference to any payment or Distribution (or any setting part of any payment or Distribution) of any Available Funds and Assets on any shares of common stock, and equal in preference to any payment or Distribution (or any setting part of any payment or Distribution)  of any Available Funds and Assets on any shares of any other series of preferred stock that have liquidation preference, an amount per share equal to the Original Issue Price of the Series A Convertible Preferred Stock plus all declared but unpaid dividends on the Series A Convertible Preferred Stock. A reorganization, or any other consolidation or merger of the Company with or into any other corporation, or any other sale of all or substantially all of the assets of the Company, shall not be deemed a liquidation, dissolution, or winding up of the Company. Shares of the Series A Convertible Preferred Stock are convertible at a 35% discount rate to the average closing price per share of the Company’s common stock (either as listed on a national exchange or as quoted over-the-market) for the last 15 trading days immediately prior to conversion.  However, no conversions of the Series A Convertible Preferred Stock to shares of common stock can occur unless the average closing price per share of the Corporation’s common stock (either as listed on a national exchange or as quoted over-the-market) for the last  15 trading days immediately prior to conversion is at least $1.67. The shares of Series A Convertible Preferred Stock vote on a one for one basis. The right of conversion is limited by the fact the holder of the Series A Convertible Preferred Stock may not convert if such conversion would cause the holder to beneficially own more than 4.9% of the Company’s common stock after giving effect to such conversion. 

   

On August 8, 2019, the Company entered into an 8% Series A-1 Convertible Preferred Stock Investment Agreement (the “Investment Agreement”) with First Capital Ventures, LLC (“FCV”), an entity controlled by a beneficial owner of the Company, and its assignee. The Company desired to raise between $1,000,000 and $2,000,000 from the sale of its 8% Series A-1 Convertible Preferred Stock and FCV intends to raise between $1,000,000 and $2,000,000 (net after offering expenses) in a special purchase vehicle (“SPV”) created by FCV to purchase the 8% Series A-1 Convertible Preferred Stock. The Company granted FCV and its assigns, the exclusive right to purchase the 8% Series A-1 Convertible Preferred Stock. The Company also agreed to cancel all shares of its previously issued and outstanding Series A Convertible Preferred Stock immediately following the closing date. The Company further agreed to issue FCV a three-year stock warrant to purchase 144,317 shares of its common stock at an exercise price of $1.039375 per share immediately following the closing date, which was valued at $122,889 and expensed upon grant for services provided. The Company agreed to enter into a “business development” agreement with FCV, or its assignee, on the sale of the first $1,000,000 of 8% Series A-1 Convertible Preferred Stock and also granted FCV and its assigns, the right to use the name “SOBR SAFE” and any related intellectual property in connection with the SPV, and the offering of the Interests in the SPV.

 

In accordance with the August 8, 2019 Investment Agreement with FCV, on December 9, 2019, the Company’s Board of Directors created a class of preferred stock designated as 8% Series A-1 Convertible Preferred Stock comprising of 2,000,000 shares. During 2020, the authorized shares were increased to 2,700,000 shares.  The rights and preferences of the 8% Series A-1 Convertible Preferred Stock are as follows: (a) dividend rights of 8% per annum based on the original issuance price of $1 per share, (b) liquidation preference over the Company’s common stock, (c) conversion rights into shares of the Company’s common stock at $1 per share (not to be affected by any reverse stock split in connection with the Asset Purchase Agreement with IDTEC), (d) redemption rights such that we have the right, upon 30 days written notice, at any time after one year from the date of issuance, to redeem all or part of the Series A-1 Convertible Preferred Stock for 150% of the original issuance price, (e) no call rights by the Company, and (f) each share of Series A-1 Convertible Preferred Stock will vote on an “as converted” basis.

 

On August 23, 2019, the Company entered into a Share Exchange Agreement (the “Lanphere” SEA) with Michael Lanphere, a beneficial owner of the Company, under which the Company agreed to issue 156,537 shares of its common stock in exchange for 520,643 shares of the Company’s Series A Convertible Preferred Stock owned by Mr. Lanphere. The Series A Convertible Preferred Stock were exchanged for the Company’s common shares at a price of $3.326 per share and were issued on or about August 28, 2019. The fair value of the common shares was $22,127. Per ASC 470-50-40-2, debt modification and extinguishment transactions between related parties are in essence a capital contribution from a related party. As a result, rather than recording a gain on extinguishment of debt, the Company recorded $498,516 to additional paid-in capital.

 

On August 23, 2019, the Company entered into a Share Exchange Agreement (the “Justus” SEA) with Vernon Justus, a shareholder, under which the Company agreed to issue 260,954 shares of its common stock in exchange for 867,932 shares of the Company’s Series A Convertible Preferred Stock owned by Mr. Justus. The Series A Convertible Preferred Stock were exchanged for the Company’s common shares at a price of $3.326 per share and were issued on or about August 28, 2019. The fair value of the common shares was $36,887. Per ASC 470-50-40-2, debt modification and extinguishment transactions between related parties are in essence a capital contribution from a related party. As a result, rather than recording a gain on extinguishment of debt, the Company recorded $831,045 to additional paid-in capital.

   

On December 12, 2019, the Company entered into a Series A-1 Preferred Stock Purchase Agreement (the “SPA”) with SOBR SAFE, LLC (“SOBR SAFE”), a Delaware limited liability company and an entity controlled by a beneficial owner of the Company, under which SOBR SAFE agreed to acquire 1,000,000 shares of our Series A-1 Convertible Preferred Stock  in exchange for $1,000,000 (the “Purchase Price”). The Company received the Purchase Price on December 12, 2019.

 

On May 7, 2020, the Company amended a Convertible Preferred Stock Investment Agreement  granting the exclusive right to SOBR SAFE to purchase up to 2,700,000 shares.   

 

On July 2, 2020, the Company executed Amendment No. 2 to the Stock Investment Agreement which provides that the full amount of each dividend due on a dividend payment date, even if not declared, shall be paid to any holder regardless of the date on which the holder acquired the stock. 

 

On December 7, 2020, we sent a Notice of Automatic Conversion and Calculation of Dividend Shares to SOBR SAFE notifying them that under the terms governing the shares of Series A-1 Convertible Preferred Stock the 2,700,000 shares of Series A-1 Convertible Preferred Stock owned by SOBR SAFE automatically converted into 2,700,000 shares of our common stock.  In addition, as a result of the conversion of the Series A-1 Convertible Preferred Stock we owed SOBR SAFE accrued dividends totaling $107,880, which we could pay in cash or in shares of our common stock based on the price of common stock on the applicable dividend dates.  Our management and Board of Directors elected to pay SOBR SAFE the accrued dividends in shares of our common stock. 

XML 35 R18.htm IDEA: XBRL DOCUMENT v3.21.1
STOCK SUBSCRIPTIONS PAYABLE
12 Months Ended
Dec. 31, 2020
STOCK SUBSCRIPTIONS PAYABLE  
NOTE 12. STOCK SUBSCRIPTIONS PAYABLE

The Company has stock subscriptions payable of $253,688 payable with 147,587 of its common shares of which  $111,024 is payable to related parties with 60,087 of its common shares as of December 31, 2020 and $79,624 payable to related parties with 60,087 of its common stock at December 31, 2019.   The Company recorded a related party gain of none and $39,992 related to the outstanding stock subscriptions payable during the years ended December 31, 2020 and 2019, respectively.

  

The Company had no preferred stock subscriptions payable as of December 31, 2020.  The Company has preferred stock subscriptions payable due to a related party of $1,000,000 convertible into 1,000,000 of its 8% Series A-1 Convertible Preferred shares as of December 31, 2019.

XML 36 R19.htm IDEA: XBRL DOCUMENT v3.21.1
STOCK WARRANTS AND STOCK OPTIONS
12 Months Ended
Dec. 31, 2020
STOCK WARRANTS AND STOCK OPTIONS  
NOTE 13. STOCK WARRANTS AND STOCK OPTIONS

Stock Warrants

 

The Company accounts for employee stock options and non-employee stock warrants under ASC 718 and ASC 505, whereby option costs are recorded based on the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable, utilizing the Black-Scholes pricing model. Unless otherwise provided for, the Company covers option exercises by issuing new shares. 

  

Beginning on December 12, 2012, Michael A. Lanphere, a related party and non-employee, loaned the Company money for a variety of purposes, some for working capital and some to allow the Company to pay outstanding obligations. Each of these loans were made pursuant to the terms of a Loan Agreement with Promissory Note and Stock Fee (the “Agreements”). Under the terms of the Agreements, Mr. Lanphere was not only entitled to repayment of the principal amount loaned to us, with interest, but also what was termed in the Agreements as a “Stock Fee” that the parties are interpreting as a stock warrant, which permits Mr. Lanphere to acquire shares of our common stock in exchange for an exercise price that was estimated based on the date of the loan agreement. The number of shares to be issued to Mr. Lanphere as a Stock Fee under each Agreement was an estimate and varied based on the loan amount and the price of our common stock on the day of the loan and was calculated by this formula:  60% or 80% of the loan amount divided by the Company’s stock price on the day of the loan, but at a price per share no higher than ($0.025). Each Stock Fee is fully vested immediately and expires  5 years from the date of the loan. Although the Stock Fee could be taken by Mr. Lanphere as a stock grant or a stock warrant, due to the fully vested nature of the Stock Fee, Mr. Lanphere is deemed to beneficially own those shares on the date of each Agreement. After the Company entered into a Debt Conversion and Common Stock Purchase Plan with Mr. Lanphere dated January 3, 2020, Mr. Lanphere agreed to exercise his stock warrants and the Company agreed to convert and issue 454,097 shares of its common stock to reduce a notes payable principal balance consisting of two notes in the amount of $65,875. The Company did not record a loss on debt extinguishment for this conversion pursuant to ASC 470-20-40-4 that states that upon conversion in accordance with its original terms, the carrying amount of the convertible debt without a beneficial conversion feature, including any unamortized premium or discount, is credited to the capital accounts and no gain or loss should be recognized. Mr. Lanphere owns no more warrants to shares of our common stock. The number of warrants outstanding to Mr. Lanphere at December 31, 2020 and December 31, 2019 were none and 454,097, respectively.

 

On August 8, 2019, the Company entered into an 8% Series A-1 Convertible Preferred Stock Investment agreement with First Capital Ventures, LLC (“FCV”), an entity controlled by a beneficial owner of the Company. FCV set up a special purpose vehicle (“SPV”) or SOBR SAFE, LLC, an entity controlled by a beneficial owner of the Company,  that purchased 1,000,000 of the 8% Series A-1 Convertible Preferred Shares at $1.00 per share on December 12, 2019. Upon purchase, the Company issued the SPV through FCV a three-year warrant to purchase 144,317 shares of the Company’s common stock at an exercise price of $1.039375 per share. The number of warrants outstanding to the SPV through FCV at December 31, 2020 and December 31, 2019 are 144,317 and 144,317, respectively. 

 

On May 4,2020, the Company entered into an agreement with a vendor to provide investor relations services.  Under the terms of the agreement, we issued warrants to purchase up to 120,000 shares of our common stock at an exercise price of $2.00 per share.  The warrants expire five years after the date of issuance.  Approximately $220,000 of expense was recognized for the warrants issued for the services provide by the vendor.   

 

On June 5, 2020, upon closing of the Transaction, the Company entered into a Waiver Under Asset Purchase Agreement and Post-Closing Covenant Agreement under which we issued warrants to IDTEC to purchase up to 320,000 shares of our common stock (post-split) at an exercise price of $0.50 per share. The warrants expire five years after the date of issuance, (see Note 3).

 

The total outstanding balance of all non-employee stock warrants in the Company is 584,317 and 598,414 at December 31, 2020 and December 31 2019, respectively. There were 440,000 non-employee detached free-standing stock warrants granted during the year ended December 31, 2020 and 916,579 non-employee detached free-standing stock warrants granted during the year ended December 31, 2019. The fair value of these non-employee stock warrants granted during the years ended December 31, 2020 and 2019 totaled $915,124 and $160,544, respectively, and were determined using the Black-Scholes option pricing model based on the following assumptions:

 

 

 

Dec. 31, 2020

 

 

Dec. 31, 2019

 

Exercise Price 

 

$

0.50-$2.00

 

 

$

0.1330-$1.0394

 

Dividend Yield 

 

 

0

%

 

 

0

%

Volatility 

 

 

   153%-154%

 

 

 

      134% - 167%

 

Risk-free Interest Rate 

 

 

 0.19%- 0.29%

 

 

 

   1.69% – 2.40%

 

Life of Warrants

 

 

 5 Years

 

 

 

      .038-5 Years

 

  

The following table summarizes the changes in the Company’s outstanding warrants during the years ended December 31, 2020 and 2019:

 

 

 

Warrants

Outstanding

Number of

Shares

 

 

Exercise

Price Per

Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate

Intrinsic Value

 

Balance at December 31, 2018

 

 

721,678

 

 

$

0.1397 - 0.6319

 

 

3.45 Years

 

$

0.1929

 

 

$

-

 

Warrants Granted

 

 

916,579

 

 

$

0.06 - 0.2062

 

 

3.97 Years

 

$

0.2860

 

 

$

2,022,912

 

Warrants Exercised

 

 

(1,038,339

)

 

$

0.1430 - 0.1497

 

 

 

 

$

0.1463

 

 

 

 

 

Warrants Expired

 

 

(1,504

)

 

$

0.6319

 

 

 

 

$

0.6319

 

 

 

 

 

Balance at December 31, 2019

 

 

598,414

 

 

$

.13304 - 1.039375

 

 

3.97 Years

 

$

0.3592

 

 

$

1,276,870

 

 

 

 

Warrants

Outstanding

Number of

Shares

 

 

Exercise

Price Per

Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate Intrinsic Value

 

Balance at December 31, 2019

 

 

598,414

 

 

$

        0.13304 – 1.039375

 

 

3.97 Years

 

$

0.3592

 

 

$

1,276,870

 

Warrants Granted

 

 

440,000

 

 

$

0.50-2.00

 

 

4.41 Years

 

$

0.9091

 

 

$

898,000

 

Warrants Exercised

 

 

(454,097

)

 

$

0.13304 - 0.15299

 

 

 

 

$

0.1451

 

 

 

 

 

Warrants Expired  

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

 

584,317

 

 

$

        0.50 – 2.00

 

 

3.80 Years

 

$

0.9413

 

 

$

1,173,737

 

  

Stock Options

 

On October 24, 2019, the Company’s 2019 Equity Incentive Plan went effective. The plan was approved by the Company’s Board of Directors and the holders of a majority of the Company’s voting stock on September 9, 2019. The plan’s number of authorized shares is 3,848,467. As of  December 31, 2020 and December 31, 2019, the Company has granted stock options to acquire 2,521,922 and 2,285,028 shares of common stock under the plan, respectively. As of December 31, 2020, the plan has1,202,168 vested shares and1,319,753 non-vested shares. As of December 31, 2019, the plan had 539,847 vested shares and 1,745,181 non-vested shares. As of December 31, 2020 and December 31, 2019 the plan has options available to be issued of 1,326,545 and 1,563,439, respectively.  The stock options are held by our officers, directors, employees, and certain key consultants. 

 

During 2020, under the 2019 Equity Incentive Plan the Company granted stock options and units to acquire approximately 236,000 shares of its common stock at exercise prices ranging from $1.645 to $3.30 to certain employees and key consultants.  The fair value of the options granted was approximately $515,000.  The stock options vest monthly and quarterly over 1 to 3-year terms.  A total of 15,000 stock options were vested as of  December 31, 2020.  None of the vested stock options have been exercised and no shares have been issued as December 31, 2020.  Additionally, the Company granted stock options to acquire 1,894 shares of its common stock, in addition to the 48,106 options granted to key consultants on October 25, 2019 for a total of 50,000 shares of its common stock in accordance with the Company’s agreements with the consultants.  The stock options stock exercise price is $0.2635.  The stock options vest over a one-year period beginning January 1, 2020 and have a five-year term.  A total of 50,000 and 0 stock options were vested at December 31, 2020 and December 31, 2019, respectively.  None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020.

 

For the years ended  December 31, 2020 and 2019, the Company recorded $239,478 and $95,566, respectively, of share-based compensation expense related to the stock options. The unrecognized compensation expense as of December 31, 2020 was approximately $650,000 for non-vested share-based awards to be recognized over periods of approximately three to seven years.

 

In applying the Black-Scholes options pricing model, assumptions used to compute the fair value of the stock options granted during the year ended December 31, 2020 and 2019 were as follows:

 

 

 

December 31,

2020

 

 

December 31,

2019

 

Exercise Price

 

$

1.645-3.30

 

 

$

0.026-1.039

 

Dividend Yield

 

 

0

%

 

 

0

%

Expected Volatility

 

162%-181

%  

 

133%-146

Risk-free Interest Rate

 

0.19%-0.43

%  

 

1.61%-1.70

Expected Life

 

1- 2.7 years

 

 

2.0-7.17years

 

  

The following table summarizes the changes in the Company’s outstanding stock options during the years ended December 31, 2020 and 2019:

 

 

 

Options

Outstanding

Number of

Shares

 

 

Exercise Price Per

 Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate Intrinsic Value

 

Balance at December 31, 2018

 

 

53,368

 

 

$

         0.1497 – 8.31

 

 

       2.32 Years

 

$

0.2761

 

 

$

-

 

Options Granted

 

 

2,381,239

 

 

$

0.26341-1.0393

 

 

        9.00 Years

 

$

0.2960

 

 

$

5,238,080

 

Options Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Options Cancelled

 

 

(45,100

)

 

$

0.1497

 

 

 

 

$

0.1497

 

 

 

 

 

Options Expired

 

 

(8,268

)

 

$

0.2328-8.31

 

 

        9.00 Years

 

$

0.9678

 

 

 

 

 

Balance at December 31, 2019

 

 

2,381,239

 

 

$

0.2634 – 1.039

 

 

        9.00 Years

 

$

0.2761

 

 

$

5,238,080

 

   

 

 

Options

Outstanding

Number of

Shares

 

 

  Exercise

Price Per

 Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate Intrinsic Value

 

Balance at December 31, 2019

 

 

2,381,239

 

 

$

0.2634-1.039

 

 

9.00 Years

 

$

0.2761

 

 

$

5,238,080

 

Options Granted

 

 

236,894

 

 

$

0.2635–3.300

 

 

1.84 Years

 

$

2.6661

 

 

$

67,265

 

Options Exercised

 

 

(45,906

)

 

$

1.039

 

 

 

 

 

 

 

 

 

 

 

Options Cancelled

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Options Expired

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

 

2,572,227

 

 

$

0.26342–3.300

 

 

7.45 Years

 

$

0.4999

 

 

$

6,302,277

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2019

 

 

539,847

 

 

$

0.2634–1.03938

 

 

8.2 Years

 

$

0.4

 

 

$

1,129,786

 

Exercisable at December 31, 2020

 

 

1,252,474

 

 

$

0.26342–3.300

 

 

7.4 Years

 

$

0.3165

 

 

$

3,299,006

 

 

Executive Stock Options

 

The Company has 2,521,922 outstanding executive stock options exercisable at $0.26341 to $3.30 per share with a weighted average remaining contractual life of  7.5 years as of December 31, 2020 and 2,285,028 outstanding executive stock options exercisable at $0.26341 per share with a weighted average remaining contractual life of 9 years as of December 31, 2019.

   

On October 25, 2019, the Company granted Charles Bennington, one of the Company’s directors, options to acquire 24,053 shares of the Company’s common stock under its 2019 Equity Incentive Plan. The stock options have an exercise price of $0.2635 and vest quarterly over a one-year period commencing January 1, 2020. The stock options have a five-year term. A total of 24,053 and 0 stock options were vested as of December 31, 2020 and December 31, 2019, respectively. None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020.

 

On October 25, 2019, the Company granted Nick Noceti, the  Company’s former Chief Financial Officer, options to acquire 24,053 shares of the Company’s common stock under its 2019 Equity Incentive Plan. The stock options have an exercise price of $0.2635 and vest quarterly over a two-year period commencing January 1, 2020. The stock options have a five-year term. A total of  12,026 and 0 stock options were vested as of  December 31, 2020 and December 31, 2019, respectively. None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020. 

 

On October 25, 2019, the Company entered into an Employment Agreement with Kevin Moore to serve as the Company’s Chief Executive Officer. Under the terms of the agreement, the Company granted Kevin Moore stock options under its 2019 Equity Compensation Plan to acquire 1,058,328 shares of its common stock at an exercise price of $0.2635. The stock options vest in 36 equal monthly installments of 29,398 shares during the three-year term of his Employment Agreement. A total of411,572 and 58,796 stock options were vested as of December 31, 2020 and December 31, 2019, respectively. None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020 or December 31, 2019.

 

On October 25, 2019, the Company entered into an Employment Agreement with David Gandini to serve as the Company’s Chief Revenue Officer. Under the terms of the agreement, the Company granted David Gandini stock options under its 2019 Equity Compensation Plan to acquire 721,588 shares of its common stock at an exercise price of $0.2635. The stock options vest in 36 equal monthly installments of 20,044 shares during the three-year term of his Employment Agreement. David Gandini was also granted an aggregate of 240,529 additional option shares (the “Pre-Vesting Option Shares”) to vest as follows: (i) 200,439 Pre-Vesting Option Shares representing the monthly vesting option shares for the ten months ended October 31, 2019 to vest on November 1, 2019; and (ii) the remaining 40,090 Pre-Vesting Option Shares representing the monthly vesting option shares for the two months ended December 31, 2019 shall vest on January 1, 2020. The stock options have a ten-year term.  A total of 521,146 and 240,521 stock options were vested as of December 31, 2020 and December 31, 2019, respectively. None of the vested stock options have been exercised and no shares have been issued as of December 31, 2020 or December 31, 2019.

XML 37 R20.htm IDEA: XBRL DOCUMENT v3.21.1
COMMITMENTS AND CONTINGENCIES
12 Months Ended
Dec. 31, 2020
COMMITMENTS AND CONTINGENCIES  
NOTE 14. COMMITMENTS AND CONTINGENCIES

Operating Leases

The Company leased office space under a long-term operating lease that expired in June 2019. The Company leased the same office space on a month-to-month basis until December 31, 2019. On October 15, 2019, the Company entered into a short-term lease agreement that is between $2,800 - $2,900 per month and ended on October 31, 2020. The lease has been renewed for another twelve months under the same general terms and conditions.   The Company also leases an office space for $1,300 per month on a short-term (month to month) basis through a related party that terminates at any time.  Rent expense under office leases, including CAM charges, was $63,978 and $64,679 for the years ended December 31, 2020 and 2019, respectively.

  

Legal Proceedings

On December 6, 2006, Orange County Valet and Security Patrol, Inc. filed a lawsuit against us in Orange County California State Superior Court for Breach of Contract in the amount of $11,164. A default judgment was taken against us in this matter. In mid-2013 we learned the Plaintiff’s perfected the judgment against us, but we have not heard from the Plaintiffs as of December 2020.  As of December 31, 2020, the Company has accrued $11,164 plus accrued interest of approximately $1,000.  In the event we pay any money related to this lawsuit, IDTEC agreed, in connection with us closing the asset purchase transaction with IDTEC, to pay the amount for us in exchange for shares of our common stock.

 

We currently have one outstanding judgment against us involving a past employee of the Company. The matter is under the purview of the State of California, Franchise Tax Board, Industrial Health and Safety Collections. We currently owe approximately $28,786 plus accrued interest of approximately $53,000, which has been accrued as of December 31, 2020 to our ex-employee for unpaid wages under these Orders.  On March 8, 2021 we received an Acknowledgement of Satisfaction of Judgement-Full by the California Court that the judgement has been settled with a payment of approximately $83,000 including accrued interest.  In the event we pay any money related to this lawsuit, IDTEC agreed, in connection with us closing the asset purchase transaction with IDTEC, to pay the amount for us in exchange for shares of our common stock.  

XML 38 R21.htm IDEA: XBRL DOCUMENT v3.21.1
INCOME TAXES
12 Months Ended
Dec. 31, 2020
INCOME TAXES  
NOTE 15. INCOME TAXES

Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses. These loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur.

 

For the years ended December 31, 2020 and 2019, the Company incurred net losses and therefore has no tax liability. The Company began operations in 2007 and has net operating loss carry-forwards of approximately $13,346,000 that will be carried forward and can be used through the year 2040 to offset future taxable income. In the future, the cumulative net operating loss carry forward for income tax purposes may differ from the cumulative financial statement loss due to timing differences between book and tax reporting.

 

At December 31, 2020 and 2019, the Company has net operating loss carry forwards of approximately $13,346,000 and $9,634,000, respectively, that may be offset against future taxable income, if any. These carry-forwards are subject to review by the Internal Revenue Service. As of December 31, 2020 and 2019, the deferred tax asset of approximately $2,830,000 and $1,832,000, respectively, created by the net operating losses has been offset by a 100% valuation allowance because the likelihood of realization of the tax benefit cannot be determined. The change in the valuation allowance in 2020 and 2019 was approximately $998,000 and $187,000, respectively.

 

There is no current or deferred tax expense for the years ended December 31, 2020 and 2019. The Company has not filed its tax returns for the years ended 2012 through 2020; however, management believes there are no taxes due as of December 31, 2020 and 2019.

 

The Company includes interest and penalties arising from the underpayment of income taxes in general and administrative expense in the consolidated statements of operations.

 

The provision for Federal income tax consists of the following for the years ended December 31, 2020 and 2019:

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Income tax benefit attributable to:

 

 

 

 

 

 

Net loss

 

$

(29,982,222

)

 

$

(1,249,032

)

Permanent differences

 

 

1,830,697

 

 

 

313,778

 

Valuation allowance

 

 

28,151,525

 

 

 

935,254

 

Net provision for income tax 

 

$

-

 

 

$

-

 

 

The cumulative tax effect at the expected federal tax rate of 21% of significant items comprising our net deferred tax amount is as follows on December 31, 2020 and 2019:

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Deferred tax asset attributable to:

 

 

 

 

 

 

Net operating loss carry forward

 

$

2,163,000

 

 

$

1,832,000

 

Valuation allowance

 

 

(2,163,000

)

 

 

(1,832,000

)

Net deferred tax asset

 

$

-

 

 

$

-

 

 

The cumulative tax effect at the expected state tax rate of 5% of significant items comprising our net deferred tax amount is as follows on December 31, 2020 and 2019:

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Deferred tax asset attributable to:

 

 

 

 

 

 

Net operating loss carry forward

 

$

667,000

 

 

$

482,000

 

Valuation allowance

 

 

(667,000

)

 

 

(482,000

)

Net deferred tax asset

 

$

-

 

 

$

-

 

 

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $13,304,000 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be further limited to use in future years.

 

The Company has identified the United States Federal tax returns as its “major” tax jurisdiction. The United States Federal tax return years 2012 – 2020 are still subject to tax examination by the United States Internal Revenue Service; however, we do not currently have any ongoing tax examinations.

XML 39 R22.htm IDEA: XBRL DOCUMENT v3.21.1
SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2020
SUBSEQUENT EVENTS  
NOTE 16. SUBSEQUENT EVENTS

The Company has evaluated subsequent events for recognition and disclosure through March 31, 2021, which is the date the consolidated financial statements were available to be issued.

 

On January 6, 2021, the Company issued 43,169 shares of its common stock to SOBR Safe, LLC in full satisfaction of accrued dividends resulting from the December 2020 conversion of the Series A-1 Convertible Preferred Stock into common shares.

 

On January 15, 2021, the Company initiated a Private Offering (the “Offering”) of up to 40 Units ($2,000,000) with each Unit consisting of one $50,000 principal amount secured convertible debenture, convertible at $3.00 per share (“Secured Debentures”), and a warrant to purchase 25,000 shares of the Company’s common stock (the “Debenture Warrants”). The Secured Debentures will mature 24 months after issuance. The Secured Debentures will not be redeemable but contain an automatic conversion feature.  Interest on the Secured Debentures will accrue at a rate of 12% per annum, beginning on the date we have access to the investor’s funds.  At the date of their investment in the Offering, investors may elect to have the interest due under the Secured Debenture paid in cash monthly or have the interest accrue and be payable on the maturity date of the Secured Debenture.  For investors that elect to accrue the interest due under the Secured Debenture, the interest will be paid in cash or may be converted into shares of our common stock under the same terms as the principal amount on the maturity date.  The Secured Debentures will be convertible at any time, and from time to time, by the holder beginning on the date of issuance, into shares of our common stock. The Secured Debentures will be convertible at $3.00 per share (the “Conversion Price”); provided, however, that the right of conversion will be limited by the terms of the Secured Debentures to the extent necessary to ensure that each Secured Debenture holder will never beneficially own more than 4.9% of our class of common stock at any one time while any portion of the holder’s Secured Debenture remains outstanding.  The repayment of the Secured Debentures will be secured by the Company’s patent and patent applications.  The Debenture Warrants will be exercisable at any time, and from time to time, beginning six months after issuance and expiring two years after issuance, into shares at an exercise price of $3.00 per share.  The Debenture Warrants contain a repurchase right by the Company.  The shares underlying the Secured Debentures and Debenture Warrants will have registration rights.    Units may be purchased in increments of $50,000, with the minimum investment being one Unit for $50,000.  The Offering will be made on a continuous basis until 5:00 p.m. on March 31, 2021, which may be extended one-time by our Board of Directors until April 30, 2021 (the “Termination Date”), unless earlier terminated or canceled. There will be no closing of the Offering until a minimum of $500,000 is raised (the “Minimum Offering”). After an initial closing is held, offers to purchase Units will be aggregated for subsequent closings to be held on a monthly basis until the maximum of $2,000,000 has been raised or until the Termination Date, whichever is earlier.  The Offering may be canceled by the Company at any time and will in any event be canceled if no closing has occurred before the Termination Date. In the event the offer to purchase Units is rejected or the Offering is canceled, then the amounts remitted will be promptly returned without interest or deduction.

 

As of the date of this report the Company has received $1,100,000 of Offering proceeds.  

 

XML 40 R23.htm IDEA: XBRL DOCUMENT v3.21.1
ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
12 Months Ended
Dec. 31, 2020
ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Basis of Presentation

The accompanying audited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) as promulgated in the United States of America and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for the presentation of annual financial information.

 

In management’s opinion, the audited consolidated financial statements reflect all adjustments (including reclassifications and normal recurring adjustments) necessary to present fairly the financial position for the years ended December 31, 2020 and December 31, 2019, and results of operations and cash flows for the years ended December 31, 2020 and December 31, 2019.

Principles of consolidation

The accompanying audited consolidated financial statements include the accounts of the Company and its majority owned subsidiary, TransBiotec-CA. We have eliminated all intercompany transactions and balances between entities consolidated in these audited financial statements.

Use of Estimates

The preparation of audited consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Specifically, such estimates were made by the Company for the valuation of the derivative liabilities, beneficial conversion feature expenses and intellectual technology. Actual results could differ from those estimates.

Financial Instruments

Pursuant to  Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures and ASC 825, Financial Instruments, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 and 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 and 825 prioritizes the inputs into three levels that may be used to measure fair value:

 

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

 

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets: quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

 

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

 

The Company’s financial instruments consist primarily of cash, accounts payable, accrued expenses, accrued interest payable,  related party payables, notes payable, convertible debentures, and other liabilities. Pursuant to ASC 820 and 825, the fair value of our derivative liabilities is determined based on “Level 3” inputs. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

 

The following table presents assets and liabilities that are measured and recognized at fair value as of December 31, 2020 and December 31, 2019:

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Derivative liabilities

 

$

-

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Derivative liabilities

 

$

-

 

 

$

-

 

 

$

60,650

 

Cash

The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. The Company does not have any cash equivalents as of December 31, 2020 and December 31, 2019.

Prepaid Expenses

Amounts incurred in advance of contractual performance or coverage periods are recorded as prepaid assets and recognized as expense in the period service or coverage is provided.

Beneficial Conversion Features

From time to time, the Company may issue convertible notes that may contain a beneficial conversion feature. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of the warrants, if related warrants have been granted. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid-in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method.

Derivative Instruments

The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instruments are initially recorded at their fair values and are then re-valued at each reporting date, with changes in the fair value reported in the consolidated statements of operations under other income (expense). The accounting treatment of derivative financial instruments requires that the Company record the embedded conversion option at its fair value as of the inception date of the agreement and at fair value as of each subsequent balance sheet date. Any change in fair value is recorded as non-operating, non-cash income or expense for each reporting period at each balance sheet date. If the classification changes as a result of events during the period, the contract is reclassified as of the date of the event that caused the reclassification. As a result of entering into warrant agreements, for which such instruments contained a variable conversion feature with no floor, the Company has adopted a sequencing policy in accordance with ASC 815-40-35-12 whereby all future instruments may be classified as a derivative liability with the exception of instruments related to share-based compensation issued to employees or directors. For stock-based derivative financial instruments, the Company uses a Monte Carlo Simulation model to value the derivative instruments at inception and on subsequent valuation dates.

 

The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.

Preferred Stock

We apply the guidance enumerated in ASC 480 “Distinguishing Liabilities from Equity” when determining the classification and measurement of preferred stock. Preferred shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. We classify conditionally redeemable preferred shares (if any), which includes preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control, as temporary equity. At all other times, we classified our preferred shares in stockholders’ equity.

Minority Interest (Noncontrolling Interest)

A subsidiary of the Company has minority members representing ownership interests of 1.38% at December 31, 2020 and December 31, 2019. The Company accounts for these minority, or noncontrolling interests, pursuant to ASC 810-10-65 whereby gains and losses in a subsidiary with a noncontrolling interest are allocated to the noncontrolling interest based on the ownership percentage of the noncontrolling interest, even if that allocation results in a deficit noncontrolling interest balance.

Stock-based compensation

The Company follows the guidance of the accounting provisions of ASC 718 “Share-based Compensation”, which requires the use of the fair-value based method to determine compensation for all arrangements under which employees and others receive shares of stock or equity instruments (warrants and options). The fair value of each option award is estimated on the date of grant using the Black-Scholes options pricing model that uses assumptions for expected volatility, expected dividends, expected term, and the risk-free interest rate. The Company has not paid dividends historically and does not expect to pay them in the future. Expected volatilities are based on weighted averages of the historical volatility of the Company’s common stock estimated over the expected term of the options. The expected term of options granted is derived using the “simplified method” which computes expected term as the average of the sum of the vesting term plus the contract term as historically the Company had limited activity surrounding its options. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the period of the expected term.

Research and Development

The Company accounts for its research and development costs pursuant to ASC 730, whereby it requires the Company to disclose the amounts of costs for company and customer-sponsored research and development activities, if material. Research and development costs are expensed as incurred. The Company incurred research and development costs as it acquired new knowledge to bring about significant improvements in the functionality and design of its SOBR product. Research and development costs were $633,050 and $12,787 during the years ended December 31, 2020 and December 31, 2019, respectively.

Advertising and Marketing Costs

Advertising and marketing costs are charged to operations as incurred.  Advertising and marketing costs were $96,637 and $3,724 during the years ended December 31, 2020 and December 31, 2019, respectively.

Income tax

The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company has a deferred tax asset of approximately $2,830,000 and $1,832,000 that is offset by a 100% valuation allowance at December 31, 2020 and December 31, 2019, respectively. Therefore, the Company has not recorded any deferred tax assets or liabilities at December 31, 2020 and December 31, 2019.

Net loss per share

Basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period.  Diluted  loss per share gives the effect to all dilutive potential common shares outstanding during the period,  including stock options, warrants and convertible instruments.  Diluted net loss per share excludes all potentially issuable shares if their effect is anti-dilutive.  Because the effect of the Company’s dilutive securities is anti-dilutive, diluted net loss per share is the same as basic loss per share for the periods presented.

Concentration of Credit Risk

Certain financial instruments potentially subject the Company to concentrations of credit risk. Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Cash held in operating accounts may exceed the Federal Deposit Insurance Corporation (“FDIC”), insurance limits. Accounts at each institution are insured by the FDIC up to $250,000. While the Company monitors cash balances in our operating accounts on a regular basis and adjust the balances as appropriate, these balances could be impacted if the underlying financial institutions fail. To date, the Company has experienced no loss or lack of access to our cash; however, the Company can provide no assurances that access to our cash will not be impacted by adverse conditions in the financial markets. At December 31, 2020 and December 31, 2019, the Company had $0 and $431,759 in excess of the FDIC insured limit, respectively.

Related Parties

Related parties are any entities or individuals that, through employment, ownership or other means, possess the ability to direct or cause the direction of the management and policies of the Company.

New Pronouncements

In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. ASU 2019-12 is effective for fiscal years beginning after December 15, 2021. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The Company is evaluating the effects, if any, of the adoption of ASU 2019-12 guidance on the Company's financial position, results of operations and cash flows.

 

In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, which address issues identified as a result of the complexity associated with applying generally accepted accounting principles for certain financial instruments with characteristics of liabilities and equity. This amendment is effective for public business entities that meet the definition of a SEC filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company is evaluating the effects, if any, of the adoption of ASU 2020-06 guidance on the Company's financial position, results of operations and cash flows.

 

In October 2020, the FASB issued ASU No. 2020-08, Codification Improvements to Subtopic 310-20, Receivables-Nonrefundable Fees and Other Costs, amendments the guidance in ASU No. 2017-08, (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities, which addresses multiple call dates of a callable debt security. This amendment is effective for public business entities, for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early application is not permitted. The Company is evaluating the effects, if any, of the adoption of ASU 2020-08 guidance on the Company's financial position, results of operations and cash flows.

XML 41 R24.htm IDEA: XBRL DOCUMENT v3.21.1
ORGANIZATION OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of fair value of assets and liabilities

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Derivative liabilities

 

$

-

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Derivative liabilities

 

$

-

 

 

$

-

 

 

$

60,650

 

 

XML 42 R25.htm IDEA: XBRL DOCUMENT v3.21.1
ASSET PURCHASE (Table)
12 Months Ended
Dec. 31, 2020
ASSET PURCHASE  
Summary of closing transactions

Property and equipment                

 

$

47,725

 

Intangible assets                     

 

 

29,175,230

 

Total assets              

 

$

29,222,955

 

 

 

 

 

 

Net purchase (fair value of stock issued, warrants and notes payable)

 

$

29,222,955

 

XML 43 R26.htm IDEA: XBRL DOCUMENT v3.21.1
PREPAID EXPENSES (Tables)
12 Months Ended
Dec. 31, 2020
PREPAID EXPENSES  
Schedule of prepaid expenses

 

 

 December 31, 

2020

 

 

   December31,

2019

 

Insurance       

 

$

3,370

 

 

$

-

 

Consulting services

 

 

111,860

 

 

 

7,343

 

Other prepaid expenses

 

 

-

 

 

 

1,711

 

 

 

 

 

 

 

 

 

 

Prepaid expenses

 

$

115,230

 

 

$

9,054

 

XML 44 R27.htm IDEA: XBRL DOCUMENT v3.21.1
PROPERTY AND EQUIPMENT (Table)
12 Months Ended
Dec. 31, 2020
PROPERTY AND EQUIPMENT  
Summary of property plant and equipment

 

 

 December 31,

 2020

 

 

 

 

 

Robotics and testing equipment             

 

$

46,200

 

Office furniture and equipment

 

 

1,525

 

 

 

 

47,725

 

Accumulated depreciation

 

 

(7,340

)

Net property and equipment disposed

 

 

(40,385

)

Property and equipment, net

 

$

0

 

XML 45 R28.htm IDEA: XBRL DOCUMENT v3.21.1
INTANGIBLE ASSETS (Table)
12 Months Ended
Dec. 31, 2020
INTANGIBLE ASSETS  
Summary of Intangible Assets

 

 

 Gross Carrying

Amount 

 

 

 Accumulated

Amortization   

 

 

 Net Intangible

Asset 

 

 

 Amortization Period

(in years)

 

SOBR Safe

 

 

 

 

 

 

 

 

 

 

 

 

Intellectual Technology

 

$

3,854,675

 

 

$

224,854

 

 

$

3,629,821

 

 

 

10

 

Schedule of estimated future amortization expense

2021

 

 

 2022 

 

 

 2023

 

 

  2024

 

 

 2025

 

 

 Thereafter

 

$

385,467

 

 

$

385,467

 

 

$

385,467

 

 

$

385,467

 

 

$

385,467

 

 

$

1,702,486

 

XML 46 R29.htm IDEA: XBRL DOCUMENT v3.21.1
NOTES PAYABLE (Tables)
12 Months Ended
Dec. 31, 2020
NOTES PAYABLE  
Schedule of notes payables - related parties

 

 

December 31,

2020

 

 

December31,

2019

 

 

 

 

 

 

 

 

Convertible Notes Payable

 

$

-

 

 

$

161,000

 

Conventional Non-Convertible Notes Payable

 

 

11,810

 

 

 

328,423

 

Notes Payable with Detached Free-standing Warrants

 

 

-

 

 

 

280,119

 

Unamortized Discount

 

 

-

 

 

 

(8,656

)

Net Related Party Notes Payable

 

$

11,810

 

 

$

760,886

 

Schedule of notes payables - non related parties

 

 

December 31,

2020

 

 

December 31,

2019

 

 

 

 

 

 

 

 

Convertible Notes Payable

 

$

56,683

 

 

$

143,136

 

Conventional Non-Convertible Notes Payable

 

 

42,500

 

 

 

21,438

 

Notes Payable with Detached Free-standing Warrants

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

 

 

Net Non-Related Party Notes Payable

 

$

104,183

 

 

$

169,574

 

XML 47 R30.htm IDEA: XBRL DOCUMENT v3.21.1
DERIVATIVE LIABILITY (Tables)
12 Months Ended
Dec. 31, 2020
DERIVATIVE LIABILITY  
Schedule of activity of derivative liability

Balance at December 31, 2019 

 

$

60,650

 

Fair market value adjustments (including settlements)

 

 

(60,650

)

Balance at December 31, 2020

 

$

0

 

XML 48 R31.htm IDEA: XBRL DOCUMENT v3.21.1
STOCK WARRANTS AND STOCK OPTIONS (Tables)
12 Months Ended
Dec. 31, 2020
STOCK WARRANTS AND STOCK OPTIONS  
Schedule of fair value of non-employee stock/warrants

 

 

Dec. 31, 2020

 

 

Dec. 31, 2019

 

Exercise Price 

 

$

0.50-$2.00

 

 

$

0.1330-$1.0394

 

Dividend Yield 

 

 

0

%

 

 

0

%

Volatility 

 

 

   153%-154%

 

 

 

      134% - 167%

 

Risk-free Interest Rate 

 

 

 0.19%- 0.29%

 

 

 

   1.69% – 2.40%

 

Life of Warrants

 

 

 5 Years

 

 

 

      .038-5 Years

 

Schedule of outstanding warrants

 

 

Warrants

Outstanding

Number of

Shares

 

 

Exercise

Price Per

Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate

Intrinsic Value

 

Balance at December 31, 2018

 

 

721,678

 

 

$

0.1397 - 0.6319

 

 

3.45 Years

 

$

0.1929

 

 

$

-

 

Warrants Granted

 

 

916,579

 

 

$

0.06 - 0.2062

 

 

3.97 Years

 

$

0.2860

 

 

$

2,022,912

 

Warrants Exercised

 

 

(1,038,339

)

 

$

0.1430 - 0.1497

 

 

 

 

$

0.1463

 

 

 

 

 

Warrants Expired

 

 

(1,504

)

 

$

0.6319

 

 

 

 

$

0.6319

 

 

 

 

 

Balance at December 31, 2019

 

 

598,414

 

 

$

.13304 - 1.039375

 

 

3.97 Years

 

$

0.3592

 

 

$

1,276,870

 

 

 

 

Warrants

Outstanding

Number of

Shares

 

 

Exercise

Price Per

Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate Intrinsic Value

 

Balance at December 31, 2019

 

 

598,414

 

 

$

        0.13304 – 1.039375

 

 

3.97 Years

 

$

0.3592

 

 

$

1,276,870

 

Warrants Granted

 

 

440,000

 

 

$

0.50-2.00

 

 

4.41 Years

 

$

0.9091

 

 

$

898,000

 

Warrants Exercised

 

 

(454,097

)

 

$

0.13304 - 0.15299

 

 

 

 

$

0.1451

 

 

 

 

 

Warrants Expired  

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

 

584,317

 

 

$

        0.50 – 2.00

 

 

3.80 Years

 

$

0.9413

 

 

$

1,173,737

 

Schedule of fair value of stock options

 

 

December 31,

2020

 

 

December 31,

2019

 

Exercise Price

 

$

1.645-3.30

 

 

$

0.026-1.039

 

Dividend Yield

 

 

0

%

 

 

0

%

Expected Volatility

 

162%-181

%  

 

133%-146

Risk-free Interest Rate

 

0.19%-0.43

%  

 

1.61%-1.70

Expected Life

 

1- 2.7 years

 

 

2.0-7.17years

 

Schedule of outstanding options

 

 

Options

Outstanding

Number of

Shares

 

 

Exercise Price Per

 Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate Intrinsic Value

 

Balance at December 31, 2018

 

 

53,368

 

 

$

         0.1497 – 8.31

 

 

       2.32 Years

 

$

0.2761

 

 

$

-

 

Options Granted

 

 

2,381,239

 

 

$

0.26341-1.0393

 

 

        9.00 Years

 

$

0.2960

 

 

$

5,238,080

 

Options Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Options Cancelled

 

 

(45,100

)

 

$

0.1497

 

 

 

 

$

0.1497

 

 

 

 

 

Options Expired

 

 

(8,268

)

 

$

0.2328-8.31

 

 

        9.00 Years

 

$

0.9678

 

 

 

 

 

Balance at December 31, 2019

 

 

2,381,239

 

 

$

0.2634 – 1.039

 

 

        9.00 Years

 

$

0.2761

 

 

$

5,238,080

 

  

 

 

Options

Outstanding

Number of

Shares

 

 

  Exercise

Price Per

 Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate Intrinsic Value

 

Balance at December 31, 2019

 

 

2,381,239

 

 

$

0.2634-1.039

 

 

9.00 Years

 

$

0.2761

 

 

$

5,238,080

 

Options Granted

 

 

236,894

 

 

$

0.2635–3.300

 

 

1.84 Years

 

$

2.6661

 

 

$

67,265

 

Options Exercised

 

 

(45,906

)

 

$

1.039

 

 

 

 

 

 

 

 

 

 

 

Options Cancelled

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Options Expired

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

 

2,572,227

 

 

$

0.26342–3.300

 

 

7.45 Years

 

$

0.4999

 

 

$

6,302,277

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2019

 

 

539,847

 

 

$

0.2634–1.03938

 

 

8.2 Years

 

$

0.4

 

 

$

1,129,786

 

Exercisable at December 31, 2020

 

 

1,252,474

 

 

$

0.26342–3.300

 

 

7.4 Years

 

$

0.3165

 

 

$

3,299,006

 

XML 49 R32.htm IDEA: XBRL DOCUMENT v3.21.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2020
INCOME TAXES  
Schedule of provision for income tax

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Income tax benefit attributable to:

 

 

 

 

 

 

Net loss

 

$

(29,982,222

)

 

$

(1,249,032

)

Permanent differences

 

 

1,830,697

 

 

 

313,778

 

Valuation allowance

 

 

28,151,525

 

 

 

935,254

 

Net provision for income tax 

 

$

-

 

 

$

-

 

Schedule of deferred tax asset

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Deferred tax asset attributable to:

 

 

 

 

 

 

Net operating loss carry forward

 

$

2,163,000

 

 

$

1,832,000

 

Valuation allowance

 

 

(2,163,000

)

 

 

(1,832,000

)

Net deferred tax asset

 

$

-

 

 

$

-

 

 

The cumulative tax effect at the expected state tax rate of 5% of significant items comprising our net deferred tax amount is as follows on December 31, 2020 and 2019:

  

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Deferred tax asset attributable to:

 

 

 

 

 

 

Net operating loss carry forward

 

$

667,000

 

 

$

482,000

 

Valuation allowance

 

 

(667,000

)

 

 

(482,000

)

Net deferred tax asset

 

$

-

 

 

$

-

 

XML 50 R33.htm IDEA: XBRL DOCUMENT v3.21.1
ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Level 1 [Member]    
Derivative liabilites $ 0 $ 0
Fair value assets and liabilities 0 0
Level 2 [Member]    
Derivative liabilites 0 0
Fair value assets and liabilities 0 0
Level 3 [Member]    
Derivative liabilites 0 0
Fair value assets and liabilities $ 0 $ 60,650
XML 51 R34.htm IDEA: XBRL DOCUMENT v3.21.1
ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)
1 Months Ended 12 Months Ended
May 21, 2020
Mar. 23, 2020
Dec. 31, 2020
Dec. 31, 2019
Research and development costs     $ 633,050 $ 12,787
Ownership interest, percentage     1.38% 1.38%
Advertising and marketing costs     $ 96,637 $ 3,724
FDIC insured limit     250,000  
FDIC exceed amount     0 431,759
Deferred tax asset     $ 2,830,000 $ 1,832,000
Valuation allowance, percentage     100.00%  
Common stock, shares authorized     100,000,000 100,000,000
Common stock, par value     $ 0.00001 $ 0.00001
Annual Meeting of Shareholders [Member]        
Common stock, shares authorized   100,000,000 800,000,000 800,000,000
Common stock, par value   $ 0.00001 $ 0.00001 $ 0.00001
Description of reverse stock split The effective dates of the above actions were June 5, 2020 and April 20, 2020, respectively, and the actual reverse stock split ratio was 1-for-33.26. Reverse stock split of the Company’s outstanding common stock at a ratio between 1-for-32 and 1-for-35 (with the exact ratio to be determined by the directors in their sole discretion without further approval by the shareholders).    
XML 52 R35.htm IDEA: XBRL DOCUMENT v3.21.1
GOING CONCERN (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Accumulated deficit $ (49,601,220) $ (19,511,168)
Net cash used in operating activities $ (2,191,533) $ (543,956)
Private Offering [Member] | January 15, 2021 [Member]    
Termination date description The Company initiated a Private Offering (the “Offering”) of up to 40 Units ($2,000,000) with each Unit consisting of one $50,000 principal amount secured convertible debenture, convertible at $3.00 per share, and a Warrant to purchase 25,000 shares of the Company’s common stock at $3.00 per share. The Secured Debentures carry interest at 12% and mature 24 months after issuance. The Warrants are exercisable six months after issuance and expire 24 months after issuance . The Offering will be made on a continuous basis until March 31, 2021, which may be extended one-time by our Board of Directors until April 30, 2021 (the “Termination Date”), unless earlier terminated or canceled. There will be no closing of the Offering until a minimum of $500,000 is raised. After an initial closing is held, offers to purchase Units will be aggregated for subsequent closings to be held on a monthly basis until the maximum of $2,000,000 has been raised or until the Termination Date, whichever is earlier.  
Offering amount $ 1,100,000  
XML 53 R36.htm IDEA: XBRL DOCUMENT v3.21.1
ASSET PURCHASE (Details)
Jun. 05, 2020
USD ($)
ASSET PURCHASE  
Property and equipment $ 47,725
Intangible assets 29,175,230
Total assets 29,222,955
Net purchase (fair value of stock issued, warrants and notes payable) $ 29,222,955
XML 54 R37.htm IDEA: XBRL DOCUMENT v3.21.1
ASSET PURCHASE (Details Narrative) - USD ($)
12 Months Ended
Jun. 05, 2020
Dec. 31, 2020
Dec. 31, 2019
Liability required $ 125,000 $ 158,000  
Exercise price per share $ 0.50    
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 loss   $ 25,320,555 $ 0
Fair value of warrants issued   $ 695,454  
Description of fair value of assets evaluation   The Company evaluated the fair value of the 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.  
Asset Purchase Agreement [Member] | IDTEC [Member]      
Common stock, shares issued upon assets purchase 12,000,000 12,000,000  
Convertible notes, conversion price   $ 0.50  
Interest rate   10.00%  
Convertible Notes Payable   $ 1,485,189  
Agreement Description i) The Company had to be current inreporting requirements under the Securities Exchange Act of 1934, as amended, (ii) had to complete a reverse stock split of common stock such that approximately 8,000,000 shares were outstanding immediately prior to closing the transaction, (iii) could only have outstanding convertible instruments as set forth in the APA, (iv) authorized common stock had to be reduced to 100,000,000 shares, and (v) not have more than approximately $125,000 in current liabilities.    
XML 55 R38.htm IDEA: XBRL DOCUMENT v3.21.1
PREPAID EXPENSES (Details) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
ASSET PURCHASE    
Insurance $ 3,370 $ 0
Consulting services 111,860 7,343
Other prepaid expenses 0 1,711
Prepaid expenses $ 115,230 $ 9,054
XML 56 R39.htm IDEA: XBRL DOCUMENT v3.21.1
PREPAID EXPENSES (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Common stock shares issued for cash, value   $ 39,000
Stock- based compensation $ 273,443 $ 44,082
Two Consulting Agreements [Member]    
Common stock shares issued for cash, value $ 142,714  
Common stock shares issued for cash, shares 87,500  
Stock- based compensation $ 33,000  
XML 57 R40.htm IDEA: XBRL DOCUMENT v3.21.1
PROPERTY AND EQUIPMENT (Details)
12 Months Ended
Dec. 31, 2020
USD ($)
Property and equipment, gross $ 47,725
Accumulated depreciation (7,340)
Net property and equipment disposed (40,385)
Property and equipment, net 0
Robotics and testing equipment [Member]  
Property and equipment, gross 46,200
Office furniture and equipment [Member]  
Property and equipment, gross $ 1,525
XML 58 R41.htm IDEA: XBRL DOCUMENT v3.21.1
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Depreciation $ 7,340 $ 0
Property, Plant and Equipment [Member]    
Estimated useful life 3 years  
XML 59 R42.htm IDEA: XBRL DOCUMENT v3.21.1
INTANGIBLE ASSETS (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Intangible assets, net $ 3,629,821 $ 0
Intellectual Technology [Member]    
Amortization Period 10 years  
Intangible assets, gross $ 3,854,675  
Accumulated amortization 224,854  
Intangible assets, net $ 3,629,821  
XML 60 R43.htm IDEA: XBRL DOCUMENT v3.21.1
INTANGIBLE ASSETS (Details 1)
Dec. 31, 2020
USD ($)
INTANGIBLE ASSETS  
2021 $ 385,467
2022 385,467
2023 385,467
2024 385,467
2025 385,467
Thereafter $ 1,702,486
XML 61 R44.htm IDEA: XBRL DOCUMENT v3.21.1
INTANGIBLE ASSETS (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
INTANGIBLE ASSETS    
Amortization expense $ 224,854 $ 0
XML 62 R45.htm IDEA: XBRL DOCUMENT v3.21.1
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)
1 Months Ended 2 Months Ended 10 Months Ended 12 Months Ended
Jun. 05, 2020
Apr. 07, 2020
Apr. 06, 2020
Jan. 03, 2020
Jul. 02, 2015
Dec. 03, 2014
Nov. 01, 2014
Mar. 23, 2020
Jan. 30, 2020
Jan. 16, 2020
Oct. 25, 2019
Aug. 23, 2019
Dec. 31, 2019
Oct. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Aug. 28, 2019
Mar. 08, 2017
Jul. 01, 2015
Common stock conversion price             $ 0.09                        
Legal fees in accounts payable, percentages           50.00%                          
Attorney fees and costs, percentages             50.00%                        
Exercise price                                   $ 112,871  
Debt amount after debt forgiveness                                   $ 31,662  
Acquired shares                                   969,601  
Note payable amount                         $ 74,672   $ 74,672 $ 74,672      
Attorney fees and costs           $ 214,334                          
Exercise price per share $ 0.50                                    
Stock option expense                             $ 239,478 $ 95,567      
Options vested                             320,000        
Common stock, shares issued                         6,452,993   25,922,034 6,452,993      
Monthly rent                             $ 63,978 $ 64,679      
General and administrative expense                             632,426 232,178      
Additional paid-in capital                         $ 15,971,392   52,693,974 15,971,392      
Gain on related party debt conversion                             $ 224,166 0      
Debt conversion, converted instrument, per share price                             $ 0.0143        
Accrued interest                         419,836   $ 313,032 419,836      
Related party payables converted to capital                             579,814 59,500      
Kevin Moore [Member]                                      
Common stock acquire                     $ 1,058,329                
Exercise price per share                     $ 0.2635                
Stock option expense                             $ 79,557 $ 14,080      
Options vested                             352,776 58,796      
Expected lives                     5 years                
Annual base salary                     $ 213,000                
Common stock, shares issued                     24,053                
Stock options description                     Stock options to vest in 36 equal monthly installments of 977,777 shares during the three-year term of the Moore Agreement.                
Fair market value of common stock                     110.00%                
Kevin Moore [Member] | Employment Agreement [Member]                                      
Common stock acquire                     $ 1,058,328                
Exercise price per share                     $ 0.2634                
Expected lives                     3 years                
Lanphere Law Group [Member] | December 3 2014 [Member]                                      
Accrued interest                                   $ 38,199  
Debt amount                                   $ 74,672  
Lanphere Law Group [Member] | Lease agreement [Member]                                      
Monthly rent                             $ 4,100        
General and administrative expense                             $ 0 $ 39,315      
Operating lease term description                             The term of this operating lease ran from July 1, 2015 to June 30, 2019. From July 1, 2019 through December 31, 2019, the Company leased the same office space on a month to month basis. Rent expense, including CAM charges,        
Lanphere Law Group [Member] | Stock Purchase Plan One [Member]                                      
Common stock, shares issued       273,700                              
Conversion price       $ 0.133                              
Reduction in related party debt       $ 66,000                              
Gain on related party debt conversion         $ 108,000                            
Price per share       $ 0.153                              
Debt conversion, converted instrument, shares issued, shares       9,520                              
Debt conversion, converted instrument, per share price       $ 3.326                              
Accrued interest           $ 428,668             9,508   $ 0 9,508      
Debt amount                                     $ 214,334
Debt instrument principal value, after forgivness       $ 31,662                 $ 31,662   0 31,662     106,335
Due date notes payable         Dec. 02, 2015                            
Debt Instrument, Forgiveness                                     $ 108,000
Acquired additional shares of common stock       454,097                              
Related party payables converted to capital                             0 $ 22,585      
Purchase price of additional shares of common stock       $ 66,000                              
Common stock, shares, new issue       180,397                              
Lanphere Law Group [Member] | Stock Purchase Plan Three [Member]                                      
Reduction in related party debt                   $ 714,700                  
Gain on related party debt conversion                   $ 222,000                  
Debt conversion, converted instrument, shares issued, shares                   214,883                  
Debt conversion, converted instrument, per share price                   $ 3.326                  
Purchase price of shares issued                   $ 714,700                  
Lanphere Law Group [Member] | Stock Purchase Plan Two [Member]                                      
Reduction in related party debt       $ 169,606                              
Gain on related party debt conversion       $ 52,000                              
Debt conversion, converted instrument, shares issued, shares       63,225                              
Debt conversion, converted instrument, per share price       $ 3.326                              
Purchase price of shares issued       $ 210,285                              
Accrued interest       $ 40,679                              
Vernon Justus [Member] | Share Exchange Agreement [Member]                                      
Convertible preferred stock converted                       867,932              
Common stock shares issuable for preferred stock                       260,954              
Conversion price       $ 0.133               $ 3.326              
Fair value of the common shares                       $ 36,887              
Additional paid-in capital                       $ 831,045     831,045        
Michael Lanphere [Member] | Share Exchange Agreement [Member]                                      
Convertible preferred stock converted                       520,643              
Common stock shares issuable for preferred stock                       156,537              
Conversion price       0.133               $ 3.326              
Fair value of the common shares                       $ 22,157              
Additional paid-in capital                             498,516        
Michael Lanphere [Member] | Stock Purchase Plan [Member]                                      
Conversion price       0.133                         $ 0.1497    
Common stock shares issuable                       643,438              
Reduction in related party debt   $ 9,656                   $ 96,303              
Reduction in related party debt, principal                       77,927              
Reduction in related party debt, interest                       18,376              
Gain on related party debt conversion   2,000                   $ 5,350              
Warrants to purchase common shares                                 454,097    
Devadatt Mishal [Member] | Stock Purchase Plan [Member]                                      
Conversion price       $ 0.133                         $ 0.1430    
Common stock shares issuable                       394,901              
Reduction in related party debt   9,656                   $ 56,478              
Reduction in related party debt, principal                       45,000              
Reduction in related party debt, interest                       11,478              
Gain on related party debt conversion   2,000                   $ 657              
Charles Bennington [Member]                                      
Common stock acquire                     $ 24,053                
Exercise price per share                     $ 0.2635                
Stock option expense                             $ 4,592        
Options vested                             0 0      
Expected lives                     5 years                
Common stock shares issuable                       420,926              
Reduction in related party debt   9,656                                  
Gain on related party debt conversion   $ 2,000                   $ 535,500              
Debt forgive amount                       $ 595,000              
Price per share                       $ 3.326              
Debt conversion, converted instrument, shares issued, shares   6,831                                  
Debt conversion, converted instrument, per share price   $ 1.41                                  
Purchase price of shares issued   $ 9,656                                  
Nick Noceti [Member]                                      
Common stock acquire                     $ 24,053                
Exercise price per share                     $ 0.2635                
Stock option expense                             $ 2,271        
Options vested                             0 0      
Expected lives                     5 years                
Reduction in related party debt                             $ 127,480        
Gain on related party debt conversion     $ 49,000                                
Debt conversion, converted instrument, shares issued, shares     38,437                                
Purchase price of shares issued                             127,840        
Prakash Gadgil [Member] | Stock Purchase Plan One [Member]                                      
Reduction in related party debt               $ 1,950                      
Gain on related party debt conversion               $ 1,000                      
Debt conversion, converted instrument, shares issued, shares               586                      
Debt conversion, converted instrument, per share price               $ 3.326                      
Purchase price of shares issued               $ 1,950                      
Devdatt Mishal [Member] | Stock Purchase Plan One [Member]                                      
Reduction in related party debt                 $ 270,300                    
Gain on related party debt conversion                 $ 144,000                    
Debt conversion, converted instrument, shares issued, shares                 499,965                    
Debt conversion, converted instrument, per share price                 $ 0.91465                    
Purchase price of shares issued                 $ 456,641                    
Accrued interest                 $ 186,341                    
Vemon Justus [Member] | Stock Purchase Plan One [Member]                                      
Reduction in related party debt       $ 180,001                              
Gain on related party debt conversion       $ 70,000                              
Debt conversion, converted instrument, shares issued, shares       84,963                              
Debt conversion, converted instrument, per share price       $ 3.326                              
Purchase price of shares issued       $ 282,588                              
Accrued interest       $ 102,587                              
Gary Graham [Member]                                      
Common stock acquire                     $ 24,053                
Exercise price per share                     $ 0.2635                
Stock option expense                             $ 4,592        
Options vested                             0        
Expected lives                     5 years                
Mr. David Gandini [Member] | Employment Agreement [Member]                                      
Exercise price per share                     $ 0.2635                
Stock option expense                             $ 54,720 $ 57,574      
Options vested                             240,530 240,530      
Annual base salary                     $ 185,000                
Stock options description                     Stock options to vest in 36 equal monthly installments of 666,666 shares during the three-year term of the Gandini Agreement                
Fair market value of common stock                     110.00%                
Remaining pre-vesting option shares                         40,091            
Stock options term                               10 years      
Pre-vesting option shares                           240,530          
Aggregate of additional option shares                     200,439                
Shares acquire                     721,588                
XML 63 R46.htm IDEA: XBRL DOCUMENT v3.21.1
NOTES PAYABLE (Details) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Conventional Non-Convertible Notes Payable   $ 21,438
Net Related Party Notes Payable $ 11,810 760,886
Related Party Notes Payable [Member]    
Convertible Notes Payable 0 161,000
Conventional Non-Convertible Notes Payable 11,810 328,423
Notes Payable with Detached Free-standing Warrants 0 280,119
Unamortized Discount 0 (8,656)
Net Related Party Notes Payable $ 11,810 $ 760,886
XML 64 R47.htm IDEA: XBRL DOCUMENT v3.21.1
NOTES PAYABLE (Details 1) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Net Non-Related Party Notes Payable $ 104,183 $ 169,574
Non-Related Party Notes Payable [Member]    
Convertible Notes Payable 56,683 143,136
Conventional Non-Convertible Notes Payable 42,500 21,438
Notes Payable with Detached Free-standing Warrants 5,000 5,000
Net Non-Related Party Notes Payable $ 104,183 $ 169,574
XML 65 R48.htm IDEA: XBRL DOCUMENT v3.21.1
NOTES PAYABLE (Details Narrative) - USD ($)
1 Months Ended 12 Months Ended
Dec. 07, 2020
Jun. 05, 2020
Nov. 15, 2020
May 12, 2020
Dec. 31, 2020
Dec. 31, 2019
May 04, 2020
Interest expense for non-related party notes         $ 17,415 $ 56,546  
Interest expenses for related party notes         98,313 91,845  
Conventional Non-Convertible Notes Payable           21,438  
Amortization expenses, beneficial conversion feature         8,656 5,920  
Exercise price             $ 2.00
Accrued interest         134,444 674,041  
Gain on related party debt conversion         224,166 0  
Fair value of embedded conversion feature         $ 0 64,800  
Number of detached free-standing warrants outstanding             120,000
Note payable conversion price per share         $ 0.0143    
Non-Related Party Notes Payable One [Member]              
Interest rate         5.00%    
Accrued interest         $ 22,500    
Convertible Notes Payable         47,500    
Convertible non-related party note payable         $ 25,000    
Convertible notes, conversion price         $ 2    
Gain on related party debt conversion         $ 11,697    
Non-Related Party Notes Payable [Member]              
Convertible notes payable principal         83,953    
Amortization expenses, beneficial conversion feature         5,920 5,920  
Accrued interest         82,797    
Convertible Notes Payable         $ 56,683 143,136  
Common stock shares exchanged         20,313    
Gain on related party debt conversion         $ 68,000    
Purchase price of shares issued         166,749    
Related Party Notes Payable [Member]              
Conventional Non-Convertible Notes Payable         $ 11,810 328,423  
Default interest rate         10.00%    
Shares issued upon conversion of debt         157,000    
Convertible notes payable principal         $ 91,000    
Amortization expenses, beneficial conversion feature           64,800  
Accrued interest         52,119 7,689  
Convertible Notes Payable         0 161,000  
Fair value of embedded conversion feature         0 56,000  
Reduction in related party convertible notes         143,119    
Holder [Member]              
Convertible promissory note         25,000    
Accrued interest         $ 61,875    
Convertible promissory note, interest rate         30.00%    
Related Party Notes Payable Twenty Four [Member]              
Accrued interest         $ 40,739    
Purchase price of shares issued         320,858    
Convertible Notes Payable         280,119 280,119  
Fair value of warrants granted         38,998 38,998  
Interest expense         8,656 37,072  
Unamortized Discount         $ 0 8,656  
New non-convertible note [Member]              
Interest rate         5.00%    
Gain on non-related party debt extinguishment         $ 61,875    
Convertible Notes Payable         $ 47,500    
Non-Convertible Notes Payable [Member] | Non-Related Party Notes Payable [Member]              
Interest rate         10.00%    
Accrued interest         $ 63,623    
Convertible Notes Payable         3,938    
Gain on related party debt conversion         14,000    
Purchase price of shares issued         67,561    
Unamortized Discount         $ 0 $ 0  
Number of detached free-standing warrants outstanding         5,000 5,000  
Note payable due date         Sep. 11, 2014    
Non-Convertible Notes Payable Two [Member]              
Shares issued upon conversion of debt         342,399    
Convertible debt, conversion, principal amount         $ 316,613    
Accrued interest         232,698    
Purchase price of shares issued         549,311    
Reduction in related party convertible notes         316,613    
Conventional Non-Convertible Notes Payable         11,810 $ 328,423  
Principal balance         316,613    
Commercial Bank [Member] | SBA Payroll Protection Loan Program [Member]              
Proceeds from loan       $ 41,665      
Loan interest rate       1.00%      
Gain on non-related party debt extinguishment $ 42,000       $ 61,875    
Debt forgiveness $ 242            
Description of loan interest       The loan requires interest at 1% and 18 monthly payments of principal and interest beginning December 5, 2020.      
Common Stock Purchase Plans [Member] | Six Non-related Parties [Member]              
Common stock shares exchanged         50,135    
Common Stock Purchase Plans [Member] | Two Related Parties [Member]              
Convertible notes payable principal         $ 280,119    
Common stock shares exchanged         601,783    
Common Stock Purchase Plans [Member] | Four Related Parties [Member]              
Conventional Non-Convertible Notes Payable         $ 316,613    
Accrued interest         $ 232,698    
Common stock shares exchanged         343,000    
Reduction in related party non - convertible notes payable         $ 549,311    
Convertible APA Note[Member]              
Interest rate   10.00%          
Shares issued upon conversion of debt     3,103,028        
Convertible notes payable principal     $ 1,551,514        
Amortization expenses, beneficial conversion feature         $ 1,407,675    
Convertible debt, conversion, principal amount   $ 1,485,189          
Convertible promissory note   $ 70,000          
Exercise price   $ 0.50          
Accrued interest           $ 7,689  
Minimum [Member]              
Default interest rate         7.00%    
Interest rate         0.00%    
Note payable conversion price per share         $ 0.1430    
Minimum [Member] | Non-Related Party Notes Payable [Member]              
Interest rate         5.00%    
Note payable due date         Feb. 08, 2012    
Note payable conversion price per share         $ 0.0565    
Minimum [Member] | Related Party Notes Payable Twenty Four [Member]              
Interest rate         7.00%    
Exercise price         $ 0.1330    
Minimum [Member] | Non-Convertible Notes Payable [Member] | Non-Related Party Notes Payable [Member]              
Interest rate         5.00%    
Note payable due date         Jan. 31, 2013    
Maximum [Member]              
Default interest rate         10.00%    
Interest rate         10.00%    
Note payable conversion price per share         $ 0.1497    
Maximum [Member] | Non-Related Party Notes Payable [Member]              
Interest rate         30.00%    
Note payable due date         Mar. 06, 2022    
Note payable conversion price per share         $ 10.7619    
Maximum [Member] | Related Party Notes Payable Twenty Four [Member]              
Interest rate         10.00%    
Exercise price         $ 0.1530    
Maximum [Member] | Non-Convertible Notes Payable [Member] | Non-Related Party Notes Payable [Member]              
Interest rate         18.00%    
Note payable due date         Jun. 09, 2022    
XML 66 R49.htm IDEA: XBRL DOCUMENT v3.21.1
DERIVATIVE LIABILITY (Details)
12 Months Ended
Dec. 31, 2020
USD ($)
DERIVATIVE LIABILITY  
Beginning balance $ 60,650
Fair market value adjustments, including settlements (60,650)
Ending balance $ 0
XML 67 R50.htm IDEA: XBRL DOCUMENT v3.21.1
DERIVATIVE LIABILITY (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Risk-free interest rate 0.13%  
Expected volatility rate 180.00%  
Fair market value gain $ 60,650 $ 4,150
Gain on related party debt conversion 224,166 0
Convertible promissory note agreement [Member]    
Fair market value gain 60,650 4,150
Fair value of embeded derivative liability 0 60,650
Beneficial conversion feature recorded as discount 64,800 $ 64,800
Gain on related party debt conversion $ 273,642  
Convertible promissory note agreement [Member] | Minimum [Member]    
Expected life 1 month  
Convertible promissory note agreement [Member] | Maximum [Member]    
Expected life 1 year  
Convertible promissory note agreement [Member] | March 1, 2019 [Member]    
Fair value of embeded derivative liability $ 28,000  
Convertible promissory note agreement [Member] | 2019 [Member]    
Amount borrowed under debt instrument from unrelated party $ 70,000  
Interest rate 10.00%  
Conversion price, description Convertible into the Company’s common shares at a variable conversion price based on a 50% discount of the market price at an undetermined future date.  
Convertible promissory note agreement [Member] | May 3, 2019 [Member]    
Fair value of embeded derivative liability $ 28,100  
Convertible promissory note agreement [Member] | October 26, 2019 [Member]    
Fair value of embeded derivative liability $ 8,700  
XML 68 R51.htm IDEA: XBRL DOCUMENT v3.21.1
COMMON STOCK (Details Narrative) - USD ($)
1 Months Ended 12 Months Ended
Dec. 07, 2020
Jun. 05, 2020
Feb. 25, 2019
Dec. 31, 2020
Dec. 31, 2019
May 04, 2020
Jan. 03, 2020
Additional paid-in capital       $ 52,693,974 $ 15,971,392    
Debt Conversion, Converted Instrument, Amount       $ 595,500      
Debt instrument, convertible, conversion price       $ 0.0143      
Common stock shares issued for cash, value         39,000    
Number of warrants outstanding           120,000  
Gain on related party debt conversion       $ 224,166 $ 0    
Non-Related Parties [Member]              
Common stock, shares, new issue     1,065,982 1,065,982      
Common stock shares issued for cash, value     $ 39,000 $ 39,000      
Non-Related Party Two [Member]              
Debt Conversion, Converted Instrument, Amount       $ 1,551,514      
Debt instrument, convertible, conversion price       $ 0.50      
Debt conversion, converted instrument, shares issued       3,103,028      
Non-Related Party One [Member]              
Debt Conversion, Converted Instrument, Amount       $ 65,391      
Debt instrument, convertible, conversion price       $ 3.326      
Debt conversion, converted instrument, shares issued       70,448      
Gain on related party debt conversion       $ 41,665      
Related Party [Member]              
Debt Conversion, Converted Instrument, Amount       $ 152,781      
Debt instrument, convertible, conversion price             $ 0.1530
Debt conversion, converted instrument, shares issued       1,038,339      
Stock warrants settlement       1,038,339      
Related Party Two [Member]              
Additional paid-in capital       $ 272,299      
Debt Conversion, Converted Instrument, Amount       $ 852,196      
Debt conversion, converted instrument, shares issued       260,150      
Related Party One [Member]              
Debt Conversion, Converted Instrument, Amount       $ 266,000      
Debt conversion, converted instrument, shares issued       159,395      
Accrued expenses per share       Accrued expenses from $0.5821 to $3.326 per share.      
Gain on related party debt conversion       $ 62,000      
Related Party Three [Member]              
Additional paid-in capital       124,291      
Debt Conversion, Converted Instrument, Amount       $ 622,004      
Debt conversion, converted instrument, shares issued       648,739      
Gain on related party debt conversion       $ 143,660      
Asset Purchase Agreement [Member] | IDTEC [Member]              
Common stock, shares issued upon assets purchase   12,000,000   12,000,000      
Fair value of the common shares       $ 27,120,000      
Number of warrants outstanding   320,000          
Convertible notes, conversion price       $ 0.50      
Convertible promissory note agreement [Member]              
Debt instrument, convertible, conversion price             $ 0.1530
Common stock shares issued to option exercised       454,097      
Reduction in related party debt       $ 65,728      
Number of warrants outstanding       454,097      
Gain on related party debt conversion       $ 273,642      
Employment Agreement [Member] | Kevin Moore [Member]              
Common stock shares issued for services, shares       72,159      
Compensation [Member]              
Common stock shares issued for services, shares       1,025      
Convertible notes, conversion price       $ 20.29      
Minimum [Member]              
Debt instrument, convertible, conversion price       0.1430      
Maximum [Member]              
Debt instrument, convertible, conversion price       $ 0.1497      
Series A Convertible Preferred Stock [Member]              
Additional paid-in capital       $ 1,329,561      
Common stock shares issuable for preferred stock       417,491      
Convertible preferred stock converted       1,388,575      
Conversion price       $ 3.326      
Series A-1 Convertible Preferred stock [Member]              
Debt Conversion, Converted Instrument, Amount       $ 107,880      
Convertible preferred stock converted 2,700,000            
Common stock subscriptions payable       43,169      
Common stock shares issued for services, shares       43,169      
Debt conversion, converted instrument, shares issued       2,700,000      
XML 69 R52.htm IDEA: XBRL DOCUMENT v3.21.1
PREFERRED STOCK (Details Narratve) - USD ($)
1 Months Ended 12 Months Ended
Dec. 07, 2020
Aug. 23, 2019
Aug. 08, 2019
Dec. 31, 2020
May 07, 2020
Jan. 03, 2020
Dec. 31, 2019
Dec. 12, 2019
Dec. 09, 2019
Mar. 08, 2017
Nov. 20, 2015
Accrued dividends payable       $ 107,880              
Preferred stock, shares authorized       19,300,000     19,300,000       25,000,000
Additional paid-in capital       $ 52,693,974     $ 15,971,392        
Exercise price                   $ 112,871  
Preferred stock, par value       $ 0.00001     $ 0.00001        
First Capital Ventures [Member]                      
Issuane of warrants upon purchase of common stock, shares     144,317                
Issuane of warrants upon purchase of common stock, amount     $ 122,889                
Exercise price     $ 1.039375                
Series A-1 Convertible Preferred stock [Member]                      
Preferred stock, shares authorized       2,700,000     2,700,000        
Convertible preferred stock converted 2,700,000                    
Converted shares of common stock 2,700,000                    
Purchase price from SPV, shares               1,000,000      
Preferred stock shares sold       2,700,000     1,000,000        
Purchase price from SPV, amount               $ 1,000,000      
Preferred stock, par value       $ 0.00001     $ 0.00001        
Series A Convertible Preferred Stock [Member]                      
Preferred stock, shares authorized       3,000,000     3,000,000       3,000,000
Convertible preferred stock converted       1,388,575              
Common stock shares issuable for preferred stock       417,491              
Conversion price       $ 3.326              
Additional paid-in capital       $ 1,329,561              
Preferred stock, par value       $ 0.00001     $ 0.00001       $ 0.000001
Preferred stock conversion description       Series A Convertible Preferred Stock are convertible at a 35% discount rate to the average closing price per share of the Company’s common stock (either as listed on a national exchange or as quoted over-the-market) for the last 15 trading days immediately prior to conversion. However, no conversions of the Series A Convertible Preferred Stock to shares of common stock can occur unless the average closing price per share of the Corporation’s common stock (either as listed on a national exchange or as quoted over-the-market) for the last 15 trading days immediately prior to conversion is at least $1.67. The shares of Series A Convertible Preferred Stock vote on a one for one basis. The right of conversion is limited by the fact the holder of the Series A Convertible Preferred Stock may not convert if such conversion would cause the holder to beneficially own more than 4.9% of the Company’s common stock after giving effect to such conversion.              
Business Development [Member]                      
Agreement term     The Company agreed to enter into a “business development” agreement with FCV, or its assignee, on the sale of the first $1,000,000 of 8% Series A-1 Convertible Preferred Stock and also granted FCV and its assigns, the right to use the name “SOBR SAFE” and any related intellectual property in connection with the SPV, and the offering of the Interests in the SPV.                
Investment Agreement [Member] | Convertible Preferred Stock [Member]                      
Raises fund description     The Company desires to raise between $1,000,000 and $2,000,000 from the sale of its 8% Series A-1 Convertible Preferred Stock and FCV intends to raise between $1,000,000 and $2,000,000 (net after offering expenses) in a special purchase vehicle (“SPV”) created by FCV to purchase the 8% Series A-1 Convertible Preferred Stock. The Company granted FCV and its assigns, the exclusive right to purchase the 8% Series A-1 Convertible Preferred Stock.                
SOBR SAFE, LLC [Member] | Asset Purchase Agreement [Member]                      
Convertible preferred stock issuable         2,700,000            
SOBR SAFE, LLC [Member] | Series A-1 Preferred Stock Purchase Agreement [Member] | Series A-1 Convertible Preferred stock [Member] | SOBR's Director company [Member]                      
Preferred stock, shares authorized                 2,000,000    
Right of dividend                 8.00%    
Shares issuance price                 $ 1    
Preferences and rights of preferred stock     (a) dividend rights of 8% per annum based on the original issuance price of $1 per share, (b) liquidation preference over the Company’s common stock, (c) conversion rights into shares of the Company’s common stock at $1 per share (not to be affected by any reverse stock split in connection with the Asset Purchase Agreement with IDTEC), (d) redemption rights such that we have the right, upon 30 days written notice, at any time after one year from the date of issuance, to redeem all or part of the Series A-1 Convertible Preferred Stock for 150% of the original issuance price, (e) no call rights by the Company, and (f) each share of Series A-1 Convertible Preferred Stock will vote on an “as converted” basis                
Vernon Justus [Member] | Share Exchange Agreement [Member]                      
Convertible preferred stock converted   867,932                  
Common stock shares issuable for preferred stock   260,954                  
Fair value of the common shares   $ 36,887                  
Conversion price   $ 3.326       $ 0.133          
Additional paid-in capital   $ 831,045   $ 831,045              
Michael Lanphere [Member] | Share Exchange Agreement [Member]                      
Convertible preferred stock converted   520,643                  
Common stock shares issuable for preferred stock   156,537                  
Fair value of the common shares   $ 22,157                  
Conversion price   $ 3.326       $ 0.133          
Additional paid-in capital       $ 498,516              
XML 70 R53.htm IDEA: XBRL DOCUMENT v3.21.1
STOCK SUBSCRIPTIONS PAYABLE (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Preferred stock subscription payable, amount $ 0 $ 1,000,000
Related Parties [Member]    
Gain (Loss) on stock subscription payable $ 39,992 $ 39,992
Common stock subscription payable, shares 147,587 60,087
Stock subscription payable to related party upon common stock shares 60,087  
Stock subscription payable to related party upon common stock shares, amount $ 111,024  
Common stock subscription payable, amount $ 253,687 $ 79,624
Related Parties [Member] | 8% Series A-1 Convertible Preferred shares [Member]    
Preferred stock subscription payable, shares   1,000,000
Preferred stock subscription payable, amount   $ 1,000,000
XML 71 R54.htm IDEA: XBRL DOCUMENT v3.21.1
STOCK WARRANTS AND STOCK OPTIONS (Details) - $ / shares
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Volatility 180.00%    
Risk free interest rate 0.13%    
Warrants [Member]      
Dividend yield   0.00%  
Life of warrants 5 years    
Warrants [Member] | Minimum [Member]      
Life of warrants   14 days  
Exercise Price $ .50   $ 0.1330
Volatility 153.00% 134.00%  
Risk free interest rate 0.19% 1.69%  
Warrants [Member] | Maximum [Member]      
Life of warrants   5 years  
Exercise Price $ 2.00   $ 1.0394
Volatility 154.00% 167.00%  
Risk free interest rate 0.29% 2.40%  
XML 72 R55.htm IDEA: XBRL DOCUMENT v3.21.1
STOCK WARRANTS AND STOCK OPTIONS (Details 1) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Exercise Price Per wrrant expired   $ 0.6319
Warrants [Member]    
Outstanding at beginning of period 598,414 721,678
Warrants Granted 440,000 916,579
Warrants Exercised (454,097) (1,038,339)
Warrants Expired (1,503)
Outstanding at ending of periods 584,317 598,414
Warrants [Member] | Minimum [Member]    
Outstanding at beginning of period $ 0.13304 $ 0.1397
Warrants Granted 0.50 0.06
Warrants Exercised 0.13304 0.1430
Outstanding at end of period 0.50 0.13304
Warrants [Member] | Maximum [Member]    
Outstanding at beginning of period 1.039375 0.6319
Warrants Granted 2.00 0.2062
Warrants Exercised 0.15299 0.1497
Outstanding at end of period $ 2.00 $ 1.039375
Weighted Average Remaining Contractual Life    
Weighted Average Remaining Contractual Life , Beginning balance 3 years 11 months 19 days 3 years 5 months 12 days
Weighted Average Remaining Contractual Life, Warrants granted 4 years 4 months 28 days 3 years 11 months 19 days
Weighted Average Remaining Contractual Life, Ending balance 3 years 9 months 18 days 3 years 11 months 19 days
Weighted Average Exercise Price Per Share    
Weighted Average Exercise Price Per Share, Beginning balance $ 0.3592 $ 0.1929
Weighted Average Exercise Price Per Share, Warrants granted 0.9091 0.2860
Weighted Average Exercise Price Per Share, Warrants exercised 0.1451 0.1463
Weighted Average Exercise Price Per Share, ending balance $ 0.9413 0.3592
Weighted Average Exercise Price Per Share, Warrants expired   $ 0.6319
Aggregate Intrinsic Value    
Aggregate Intrinsic Value, Beginning balance $ 1,276,870 $ 0
Aggregate Intrinsic Value, Warrants granted 898,000 2,022,912
Aggregate Intrinsic Value, Ending balance $ 1,173,737 $ 1,276,870
XML 73 R56.htm IDEA: XBRL DOCUMENT v3.21.1
STOCK WARRANTS AND STOCK OPTIONS (Details 2) - $ / shares
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Expected Volatility 180.00%  
Risk free interest rate 0.13%  
Stock Options [Member]    
Expected Life 2 years 8 months 9 days  
Dividend yield 0.00% 0.00%
Stock Options [Member] | Maximum [Member]    
Exercise Price $ 3.30 $ 1.039
Expected Volatility 171.00% 146.00%
Risk free interest rate 0.43% 1.70%
Expected Life   7 years 2 months 1 day
Stock Options [Member] | Minimum [Member]    
Exercise Price $ 1.643 $ 0.026
Expected Volatility 163.00% 133.00%
Risk free interest rate 0.19% 1.61%
Expected Life   2 years
XML 74 R57.htm IDEA: XBRL DOCUMENT v3.21.1
STOCK WARRANTS AND STOCK OPTIONS (Details 3) - Stock Options [Member] - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Options Outstanding Number of Shares    
Outstanding at beginning of period 2,381,239 53,368
Option Granted 236,894 2,381,239
Options Exercised (45,906)
Options Cancelled (45,100)
Options Expired (8,268)
Outstanding at ending of periods 2,572,227 2,381,239
Option outstanding, exercisable, beginning balance 539,847  
Option outstanding, exercisable, ending balance 1,252,744 539,847
Exercise Price Per Share    
Exercise Price Per Shares option exercised $ 1.039  
Exercise Price Per Share Options Cancelled   $ 0.1497
Weighted Average Remaining Contractual Life    
Weighted Average Remaining Contractual Lifes beginning balance 9 years 2 years 3 months 26 days
Weighted Average Remaining Contractual Lifes options granted 1 year 10 months 2 days 9 years
Weighted Average Remaining Contractual Lifes options expired   9 years
Weighted Average Remaining Contractual Lifes ending balance 7 years 5 months 12 days 9 years
Weighted Average Remaining Contractual Lifes, Exercisable, Beginning balance 9 years  
Weighted Average Remaining Contractual Lifes, Exercisable, Ending balance 7 years 4 months 24 days  
Weighted Average Exercise Price Per Share    
Weighted Average Exercise Price Per Shares beginning balance $ 0.2761 $ 0.2761
Weighted Average Exercise Price Per Shares options granted 2.6661 0.2960
Weighted Average Exercise Price Per Shares options cancelled   0.1497
Weighted Average Exercise Price Per Shares options expired   0.9678
Weighted Average Exercise Price Per Shares ending balance 0.4999 $ 0.2761
Weighted Average Exercise Price Per Shares exercisable beginning balance 0.4523  
Weighted Average Exercise Price Per Shares exercisable ending balance $ 0.3165  
Aggregate Intrinsic Value    
Aggregate Intrinsic Value beginning balance $ 0 $ 0
Aggregate Intrinsic Value options granted 67,265 5,238,080
Aggregate Intrinsic Value options exercised 0 0
Aggregate Intrinsic Value options cancelled 0 0
Aggregate Intrinsic Value options expired 0 0
Aggregate Intrinsic Value ending balance 6,302,292 $ 5,238,080
Aggregate Intrinsic Value exercisable, beginning balance 807,801  
Aggregate Intrinsic Value exercisable ending balance $ 3,298,370  
Minimum [Member]    
Aggregate Intrinsic Value    
Outstanding at beginning of period $ 0.2634 $ 0.1497
Exercise Price Per Shares option granted 1.645 0.26341
Exercise Price Per Shares option expired 0 0.2328
Outstanding at end of period 0.26342 0.2634
Exercise Price Per Shares exercisable beginning balance 0.2634  
Exercise Price Per Shares exercisable ending balance 0.26342 0.2634
Maximum [Member]    
Aggregate Intrinsic Value    
Outstanding at beginning of period 1.039 8.31
Exercise Price Per Shares option granted 3.300 1.0393
Exercise Price Per Shares option expired   8.31
Outstanding at end of period 3.300 1.039
Exercise Price Per Shares exercisable beginning balance 1.03938  
Exercise Price Per Shares exercisable ending balance $ 3.300 $ 1.03938
XML 75 R58.htm IDEA: XBRL DOCUMENT v3.21.1
STOCK WARRANTS AND STOCK OPTIONS (Details Narrative) - USD ($)
1 Months Ended 12 Months Ended
Jun. 05, 2020
Jun. 05, 2020
May 04, 2020
Aug. 08, 2019
Oct. 25, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2012
Apr. 07, 2020
Oct. 24, 2019
Number of warrants outstanding     120,000              
Exercise price of warrants     $ 2.00              
Fair value of warrants issued     $ 220,000              
Share-based compensation expense           $ 273,443 $ 44,082      
Unrecognized compensation expense           $ 656,000        
Exercise price per share $ 0.50                  
Options vested           320,000        
Non Employee Stock Warrants [Member]                    
Number of warrants outstanding           584,317 598,414      
Stock option granted           440,000 916,579      
Fair value of detached free-standing stock warrants granted           $ 915,124 $ 160,544      
Executive Stock Options [Member]                    
Number of warrants outstanding           2,521,922 2,285,028      
Options exercisable per share           $ 0.2641 $ 0.26341      
Weighted average remaining contractual life           7 years 5 months 30 days 9 years      
Michael A. Lanphere [Member]                    
Number of warrants outstanding           454,097 454,097      
Reduction in related party debt             $ 65,875      
Common stock shares issued to option exercised           454,097        
Michael A. Lanphere [Member] | Non employee stock options [Member]                    
Expected lives               5 years    
Loan agreement description               The number of shares to be issued to Mr. Lanphere as a Stock Fee under each Agreement was an estimate and varied based on the loan amount and the price of our common stock on the day of the loan and was calculated by this formula: 60% or 80% of the loan amount divided by the Company’s stock price on the day of the loan, but at a price per share no higher than $0.025.    
2019 Equity Incentive Plans [Member]                    
Stock option granted         1,894 2,521,922 2,285,028      
Common stock acquire           $ 236,000        
Stock option descriptions           its common stock at exercise prices ranging from $1.645 to $3.30 to certain employees and key consultants. The fair value of the options granted was approximately $186,000. The stock options vest monthly and quarterly over 1 to 3-year terms.        
Common stock authorized shares                   3,848,467
Total stock option vested shares             15,000      
Stock option vested shares           1,202,168 539,847      
Stock option issued           $ 1,326,545 $ 1,563,439      
Stock option non-vested shares           1,319,753 1,745,181      
Asset Purchase Agreement [Member] | IDTEC [Member]                    
Number of warrants outstanding 320,000 320,000                
Exercise price of warrants           $ 0.50        
Expected lives   5 years                
8% Series A-1 Convertible Preferred Stock Investment agreement [Member] | First Capital Ventures "FCV" [Member]                    
Number of warrants outstanding           144,317 144,317      
Exercise price of warrants       $ 1.039375            
Convertible preferred stock shares sold       1,000,000            
Sale of stock price per share       $ 1.00            
Common stock shares issuable upon exercise of warrants to SPV       144,317            
Consultant [Member] | 2019 Equity Incentive Plans [Member]                    
Stock option granted         48,106          
Options exercisable per share           $ 0.2635        
Common stock acquire           $ 50,000        
Stock options vested           50,000 0      
David Gandini [Member]                    
Common stock acquire         $ 721,588          
Stock options vested           521,146 240,521      
Option vesting terms         (i) 200,439 Pre-Vesting Option Shares representing the monthly vesting option shares for the ten months ended October 31, 2019 to vest on November 1, 2019; and (ii) the remaining 40,090 Pre-Vesting Option Shares representing the monthly vesting option shares for the two months ended December 31, 2019 shall vest on January 1, 2020.          
Installments period description         Stock options to vest in 36 equal monthly installments of 20,044 shares during the three-year term of the employment agreement.          
Exercise price per share         $ 0.2634          
Expected lives         10 years          
Kevin Moore [Member]                    
Common stock acquire         $ 1,058,329          
Exercise price per share         $ 0.2635          
Expected lives         5 years          
Stock option descriptions         Stock options to vest in 36 equal monthly installments of 977,777 shares during the three-year term of the Moore Agreement.          
Options vested           352,776 58,796      
Kevin Moore [Member] | Employment Agreement [Member]                    
Common stock acquire         $ 1,058,328          
Stock options vested           411,572 58,796      
Installments period description         Stock options to vest in 36 equal monthly installments of 29,398 shares during the three-year term of the employment agreement.          
Exercise price per share         $ 0.2634          
Expected lives         3 years          
Nick Noceti [Member]                    
Common stock acquire         $ 24,053          
Exercise price per share         $ 0.2635          
Expected lives         5 years          
Reduction in related party debt           $ 127,480        
Options vested           0 0      
Charles Bennington [Member]                    
Common stock acquire         $ 24,053          
Exercise price per share         $ 0.2635          
Expected lives         5 years          
Reduction in related party debt                 $ 9,656  
Options vested           0 0      
XML 76 R59.htm IDEA: XBRL DOCUMENT v3.21.1
INCOME TAXES (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Net loss $ (29,982,292) $ (1,252,157)
Federal Income Tax [Member]    
Net loss (29,982,222) (1,249,032)
Permanent differences 1,830,697 313,778
Valuation allowance 28,151,525 935,254
Net provision for income tax $ 0 $ 0
XML 77 R60.htm IDEA: XBRL DOCUMENT v3.21.1
INCOME TAXES (Details 1) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Deferred tax asset attributable to:    
Net operating loss carry forward $ 13,346,000 $ 9,634,000
Net deferred tax asset 2,830,000 1,832,000
State [Member]    
Deferred tax asset attributable to:    
Net operating loss carry forward 667,000 482,000
Valuation allowance (667,000) (482,000)
Net deferred tax asset 0 0
Federal [Member]    
Deferred tax asset attributable to:    
Net operating loss carry forward 13,304,000 1,832,000
Valuation allowance (2,163,000) (1,832,000)
Net deferred tax asset $ 0 $ 0
XML 78 R61.htm IDEA: XBRL DOCUMENT v3.21.1
INCOME TAXES (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Carryforward expiration year   2040
Deferred tax asset $ 2,830,000 $ 1,832,000
Rate of net operating losses offset by valuation allowance 100.00%  
Change in the valuation allowance $ 998,000 $ 187,000
Federal tax rate 21.00% 21.00%
Net operating loss carry forward $ 13,346,000 $ 9,634,000
State tax rate 5.00% 5.00%
Federal [Member]    
Net operating loss carry forward $ 13,304,000 $ 1,832,000
XML 79 R62.htm IDEA: XBRL DOCUMENT v3.21.1
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)
12 Months Ended
Oct. 15, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 06, 2006
Accrued interest for unpaid wages   $ 11,164    
Accrued interest   1,000    
Rent expense   63,978 $ 64,679  
Contract settlement amount       $ 11,164
Due to related party   28,624 $ 905,443  
Short Term Lease Agreement [Member] | Highland School [Member]        
Lease expiration term Oct. 31, 2020      
Short Term Lease Agreement [Member] | Highland School [Member] | Minimum [Member]        
Operating lease, monthly payment $ 2,800      
Short Term Lease Agreement [Member] | Highland School [Member] | Maximum [Member]        
Operating lease, monthly payment 2,900      
Short Term Operating Lease [Member]        
Operating lease, monthly payment $ 1,300      
California [Member]        
Accrued interest   53,000    
Contract settlement amount   83,000    
Due to related party   $ 28,786    
XML 80 R63.htm IDEA: XBRL DOCUMENT v3.21.1
SUBSEQUENT EVENTS (Details Narrative) - USD ($)
Jan. 15, 2021
Jan. 06, 2021
Dec. 31, 2020
Dec. 31, 2019
Debt instrument, convertible, conversion price     $ 0.0143  
Common stock shares issued     25,922,034 6,452,993
Subsequent Event [Member]        
Convertible notes, conversion price $ 3.00      
Warrants purchase upon common stock 25,000      
Debt instrument, principal amount $ 50,000      
Debt instrument, convertible, conversion price $ 3.00      
Interest rate 12.00%      
Debt conversion descriptions The Debenture Warrants will be exercisable at any time, and from time to time, beginning six months after issuance and expiring two years after issuance, into Shares at an exercise price of $3.00 per share. The Debenture Warrants contain a repurchase right by the Company. The Shares underlying the Secured Debentures and Debenture Warrants will have registration rights. Units may be purchased in increments of $50,000, with the minimum investment being one Unit for $50,000. The Offering will be made on a continuous basis until 5:00 p.m. on March 31, 2021, which may be extended one-time by our Board of Directors until April 30, 2021 (the “Termination Date”), unless earlier terminated or canceled. There will be no closing of the Offering until a minimum of $500,000 is raised (the “Minimum Offering”). After an initial closing is held, offers to purchase Units will be aggregated for subsequent closings to be held on a monthly basis until the maximum of $2,000,000 has been raised or until the Termination Date, whichever is earlier.      
Gross proceeds $ 600,000      
Subsequent Event [Member] | 8% Series A-1 Convertible Preferred shares [Member]        
Common stock shares issued   43,169    
EXCEL 81 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 82 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 83 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 84 FilingSummary.xml IDEA: XBRL DOCUMENT 3.21.1 html 321 518 1 false 99 0 false 4 false false R1.htm 000001 - Document - Cover Sheet http://imle.com/role/Cover Cover Cover 1 false false R2.htm 000002 - Statement - CONSOLIDATED BALANCE SHEETS Sheet http://imle.com/role/ConsolidatedBalanceSheets CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 000003 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://imle.com/role/ConsolidatedBalanceSheetsParenthetical CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 000004 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS Sheet http://imle.com/role/ConsolidatedStatementsOfOperations CONSOLIDATED STATEMENTS OF OPERATIONS Statements 4 false false R5.htm 000005 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) Sheet http://imle.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityDeficit CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) Statements 5 false false R6.htm 000006 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://imle.com/role/ConsolidatedStatementsOfCashFlows CONSOLIDATED STATEMENTS OF CASH FLOWS Statements 6 false false R7.htm 000007 - Disclosure - ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://imle.com/role/OrganizationOperationsAndSummaryOfSignificantAccountingPolicies ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 7 false false R8.htm 000008 - Disclosure - GOING CONCERN Sheet http://imle.com/role/GoingConcern GOING CONCERN Notes 8 false false R9.htm 000009 - Disclosure - ASSET PURCHASE Sheet http://imle.com/role/AssetPurchase ASSET PURCHASE Notes 9 false false R10.htm 000010 - Disclosure - PREPAID EXPENSES Sheet http://imle.com/role/PrepaidExpenses PREPAID EXPENSES Notes 10 false false R11.htm 000011 - Disclosure - PROPERTY AND EQUIPMENT Sheet http://imle.com/role/PropertyAndEquipment PROPERTY AND EQUIPMENT Notes 11 false false R12.htm 000012 - Disclosure - INTANGIBLE ASSETS Sheet http://imle.com/role/IntangibleAssets INTANGIBLE ASSETS Notes 12 false false R13.htm 000013 - Disclosure - RELATED PARTY TRANSACTIONS Sheet http://imle.com/role/RelatedPartyTransactions RELATED PARTY TRANSACTIONS Notes 13 false false R14.htm 000014 - Disclosure - NOTES PAYABLE Notes http://imle.com/role/NotesPayable NOTES PAYABLE Notes 14 false false R15.htm 000015 - Disclosure - DERIVATIVE LIABILITY Sheet http://imle.com/role/DerivativeLiability DERIVATIVE LIABILITY Notes 15 false false R16.htm 000016 - Disclosure - COMMON STOCK Sheet http://imle.com/role/CommonStock COMMON STOCK Notes 16 false false R17.htm 000017 - Disclosure - PREFERRED STOCK Sheet http://imle.com/role/PreferredStock PREFERRED STOCK Notes 17 false false R18.htm 000018 - Disclosure - STOCK SUBSCRIPTIONS PAYABLE Sheet http://imle.com/role/StockSubscriptionsPayable STOCK SUBSCRIPTIONS PAYABLE Notes 18 false false R19.htm 000019 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS Sheet http://imle.com/role/StockWarrantsAndStockOptions STOCK WARRANTS AND STOCK OPTIONS Notes 19 false false R20.htm 000020 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://imle.com/role/CommitmentsAndContingencies COMMITMENTS AND CONTINGENCIES Notes 20 false false R21.htm 000021 - Disclosure - INCOME TAXES Sheet http://imle.com/role/IncomeTaxes INCOME TAXES Notes 21 false false R22.htm 000022 - Disclosure - SUBSEQUENT EVENTS Sheet http://imle.com/role/SubsequentEvents SUBSEQUENT EVENTS Notes 22 false false R23.htm 000023 - Disclosure - ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://imle.com/role/OrganizationOperationsAndSummaryOfSignificantAccountingPoliciesPolicies ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 23 false false R24.htm 000024 - Disclosure - ORGANIZATION OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Sheet http://imle.com/role/OrganizationOperationsAndSummaryOfSignificantAccountingPoliciesTables ORGANIZATION OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Tables 24 false false R25.htm 000025 - Disclosure - ASSET PURCHASE (Table) Sheet http://imle.com/role/AssetPurchaseTable ASSET PURCHASE (Table) Tables http://imle.com/role/AssetPurchase 25 false false R26.htm 000026 - Disclosure - PREPAID EXPENSES (Tables) Sheet http://imle.com/role/PrepaidExpensesTables PREPAID EXPENSES (Tables) Tables http://imle.com/role/PrepaidExpenses 26 false false R27.htm 000027 - Disclosure - PROPERTY AND EQUIPMENT (Table) Sheet http://imle.com/role/PropertyAndEquipmentTable PROPERTY AND EQUIPMENT (Table) Tables http://imle.com/role/PropertyAndEquipment 27 false false R28.htm 000028 - Disclosure - INTANGIBLE ASSETS (Table) Sheet http://imle.com/role/IntangibleAssetsTable INTANGIBLE ASSETS (Table) Tables http://imle.com/role/IntangibleAssets 28 false false R29.htm 000029 - Disclosure - NOTES PAYABLE (Tables) Notes http://imle.com/role/NotesPayableTables NOTES PAYABLE (Tables) Tables http://imle.com/role/NotesPayable 29 false false R30.htm 000030 - Disclosure - DERIVATIVE LIABILITY (Tables) Sheet http://imle.com/role/DerivativeLiabilityTables DERIVATIVE LIABILITY (Tables) Tables http://imle.com/role/DerivativeLiability 30 false false R31.htm 000031 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS (Tables) Sheet http://imle.com/role/StockWarrantsAndStockOptionsTables STOCK WARRANTS AND STOCK OPTIONS (Tables) Tables http://imle.com/role/StockWarrantsAndStockOptions 31 false false R32.htm 000032 - Disclosure - INCOME TAXES (Tables) Sheet http://imle.com/role/IncomeTaxesTables INCOME TAXES (Tables) Tables http://imle.com/role/IncomeTaxes 32 false false R33.htm 000033 - Disclosure - ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Sheet http://imle.com/role/OrganizationOperationsAndSummaryOfSignificantAccountingPoliciesDetails ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Details http://imle.com/role/OrganizationOperationsAndSummaryOfSignificantAccountingPoliciesPolicies 33 false false R34.htm 000034 - Disclosure - ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) Sheet http://imle.com/role/OrganizationOperationsAndSummaryOfSignificantAccountingPoliciesDetailsNarrative ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) Details http://imle.com/role/OrganizationOperationsAndSummaryOfSignificantAccountingPoliciesPolicies 34 false false R35.htm 000035 - Disclosure - GOING CONCERN (Details Narrative) Sheet http://imle.com/role/GoingConcernDetailsNarrative GOING CONCERN (Details Narrative) Details http://imle.com/role/GoingConcern 35 false false R36.htm 000036 - Disclosure - ASSET PURCHASE (Details) Sheet http://imle.com/role/AssetPurchaseDetails ASSET PURCHASE (Details) Details http://imle.com/role/AssetPurchaseTable 36 false false R37.htm 000037 - Disclosure - ASSET PURCHASE (Details Narrative) Sheet http://imle.com/role/AssetPurchaseDetailsNarrative ASSET PURCHASE (Details Narrative) Details http://imle.com/role/AssetPurchaseTable 37 false false R38.htm 000038 - Disclosure - PREPAID EXPENSES (Details) Sheet http://imle.com/role/PrepaidExpensesDetails PREPAID EXPENSES (Details) Details http://imle.com/role/PrepaidExpensesTables 38 false false R39.htm 000039 - Disclosure - PREPAID EXPENSES (Details Narrative) Sheet http://imle.com/role/PrepaidExpensesDetailsNarrative PREPAID EXPENSES (Details Narrative) Details http://imle.com/role/PrepaidExpensesTables 39 false false R40.htm 000040 - Disclosure - PROPERTY AND EQUIPMENT (Details) Sheet http://imle.com/role/PropertyAndEquipmentDetails PROPERTY AND EQUIPMENT (Details) Details http://imle.com/role/PropertyAndEquipmentTable 40 false false R41.htm 000041 - Disclosure - PROPERTY AND EQUIPMENT (Details Narrative) Sheet http://imle.com/role/PropertyAndEquipmentDetailsNarrative PROPERTY AND EQUIPMENT (Details Narrative) Details http://imle.com/role/PropertyAndEquipmentTable 41 false false R42.htm 000042 - Disclosure - INTANGIBLE ASSETS (Details) Sheet http://imle.com/role/IntangibleAssetsDetails INTANGIBLE ASSETS (Details) Details http://imle.com/role/IntangibleAssetsTable 42 false false R43.htm 000043 - Disclosure - INTANGIBLE ASSETS (Details 1) Sheet http://imle.com/role/IntangibleAssetsDetails1 INTANGIBLE ASSETS (Details 1) Details http://imle.com/role/IntangibleAssetsTable 43 false false R44.htm 000044 - Disclosure - INTANGIBLE ASSETS (Details Narrative) Sheet http://imle.com/role/IntangibleAssetsDetailsNarrative INTANGIBLE ASSETS (Details Narrative) Details http://imle.com/role/IntangibleAssetsTable 44 false false R45.htm 000045 - Disclosure - RELATED PARTY TRANSACTIONS (Details Narrative) Sheet http://imle.com/role/RelatedPartyTransactionsDetailsNarrative RELATED PARTY TRANSACTIONS (Details Narrative) Details http://imle.com/role/RelatedPartyTransactions 45 false false R46.htm 000046 - Disclosure - NOTES PAYABLE (Details) Notes http://imle.com/role/NotesPayableDetails NOTES PAYABLE (Details) Details http://imle.com/role/NotesPayableTables 46 false false R47.htm 000047 - Disclosure - NOTES PAYABLE (Details 1) Notes http://imle.com/role/NotesPayableDetails1 NOTES PAYABLE (Details 1) Details http://imle.com/role/NotesPayableTables 47 false false R48.htm 000048 - Disclosure - NOTES PAYABLE (Details Narrative) Notes http://imle.com/role/NotesPayableDetailsNarrative NOTES PAYABLE (Details Narrative) Details http://imle.com/role/NotesPayableTables 48 false false R49.htm 000049 - Disclosure - DERIVATIVE LIABILITY (Details) Sheet http://imle.com/role/DerivativeLiabilityDetails DERIVATIVE LIABILITY (Details) Details http://imle.com/role/DerivativeLiabilityTables 49 false false R50.htm 000050 - Disclosure - DERIVATIVE LIABILITY (Details Narrative) Sheet http://imle.com/role/DerivativeLiabilityDetailsNarrative DERIVATIVE LIABILITY (Details Narrative) Details http://imle.com/role/DerivativeLiabilityTables 50 false false R51.htm 000051 - Disclosure - COMMON STOCK (Details Narrative) Sheet http://imle.com/role/CommonStockDetailsNarrative COMMON STOCK (Details Narrative) Details http://imle.com/role/CommonStock 51 false false R52.htm 000052 - Disclosure - PREFERRED STOCK (Details Narratve) Sheet http://imle.com/role/PreferredStockDetailsNarratve PREFERRED STOCK (Details Narratve) Details http://imle.com/role/PreferredStock 52 false false R53.htm 000053 - Disclosure - STOCK SUBSCRIPTIONS PAYABLE (Details Narrative) Sheet http://imle.com/role/StockSubscriptionsPayableDetailsNarrative STOCK SUBSCRIPTIONS PAYABLE (Details Narrative) Details http://imle.com/role/StockSubscriptionsPayable 53 false false R54.htm 000054 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS (Details) Sheet http://imle.com/role/StockWarrantsAndStockOptionsDetails STOCK WARRANTS AND STOCK OPTIONS (Details) Details http://imle.com/role/StockWarrantsAndStockOptionsTables 54 false false R55.htm 000055 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS (Details 1) Sheet http://imle.com/role/StockWarrantsAndStockOptionsDetails1 STOCK WARRANTS AND STOCK OPTIONS (Details 1) Details http://imle.com/role/StockWarrantsAndStockOptionsTables 55 false false R56.htm 000056 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS (Details 2) Sheet http://imle.com/role/StockWarrantsAndStockOptionsDetails2 STOCK WARRANTS AND STOCK OPTIONS (Details 2) Details http://imle.com/role/StockWarrantsAndStockOptionsTables 56 false false R57.htm 000057 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS (Details 3) Sheet http://imle.com/role/StockWarrantsAndStockOptionsDetails3 STOCK WARRANTS AND STOCK OPTIONS (Details 3) Details http://imle.com/role/StockWarrantsAndStockOptionsTables 57 false false R58.htm 000058 - Disclosure - STOCK WARRANTS AND STOCK OPTIONS (Details Narrative) Sheet http://imle.com/role/StockWarrantsAndStockOptionsDetailsNarrative STOCK WARRANTS AND STOCK OPTIONS (Details Narrative) Details http://imle.com/role/StockWarrantsAndStockOptionsTables 58 false false R59.htm 000059 - Disclosure - INCOME TAXES (Details) Sheet http://imle.com/role/IncomeTaxesDetails INCOME TAXES (Details) Details http://imle.com/role/IncomeTaxesTables 59 false false R60.htm 000060 - Disclosure - INCOME TAXES (Details 1) Sheet http://imle.com/role/IncomeTaxesDetails1 INCOME TAXES (Details 1) Details http://imle.com/role/IncomeTaxesTables 60 false false R61.htm 000061 - Disclosure - INCOME TAXES (Details Narrative) Sheet http://imle.com/role/IncomeTaxesDetailsNarrative INCOME TAXES (Details Narrative) Details http://imle.com/role/IncomeTaxesTables 61 false false R62.htm 000062 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details Narrative) Sheet http://imle.com/role/CommitmentsAndContingenciesDetailsNarrative COMMITMENTS AND CONTINGENCIES (Details Narrative) Details http://imle.com/role/CommitmentsAndContingencies 62 false false R63.htm 000063 - Disclosure - SUBSEQUENT EVENTS (Details Narrative) Sheet http://imle.com/role/SubsequentEventsDetailsNarrative SUBSEQUENT EVENTS (Details Narrative) Details http://imle.com/role/SubsequentEvents 63 false false All Reports Book All Reports imle-20201231.xml imle-20201231.xsd imle-20201231_cal.xml imle-20201231_def.xml imle-20201231_lab.xml imle-20201231_pre.xml http://xbrl.sec.gov/dei/2019-01-31 http://fasb.org/us-gaap/2019-01-31 http://fasb.org/srt/2019-01-31 true true ZIP 86 0001477932-21-001930-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001477932-21-001930-xbrl.zip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

7 M@5_KF5\#+KVR.K@(/"<]'].CK?UAAR%F_&/(>)\.OHN"<1 # P/3#]X/5'O /_]].#"O^?V,WX;$-?QIW!]>,IK# H@$6%% MQ=O #J<(W/<)0?)RS$4MYJ+&"HXII**]!VQ4<4V')3PGB@"?0L^%N\7BP[A_ M"&"':WK.E"X*D) W] -MX@61P+E8!0(?R=9@%7>^G./? 1\9(0$ H>U&N-X- M0=+V!;EXR7KPF0?'F^KP15@QRJ 9$X,\A'U_'SKW=%1L>A@M[R+GKR79(;Q6 M)%@:KL?O0<_H/6<> T\_MW\DATTH38,]X>O 1?G0")#T*WFHBE=$[H5W$/#L MJ.)\.^=2;!D)T*TV]^'8V$9;UA!J;\'AE%-_#3'9+7Z^\:?(SA=SV.$?(66] M%:J# ] W-IMBPZ'9%[NN75PY !B,MG^/+(PM['WW-<=@ IJ6O'!^667'[T%L M>R_=S#3-<5_>4UE1V>>S$W^5A'"8?905E7VDZQ$D,0 YW&C';D:9_BC%F)55 M=]]Q^_T,06F4?L]AH[W6' MW;[T(&W9YZ4GRH.P\$0Y?'[ID>0'^><7G,LPNRJW++-;S@@I''"HX,+;Y_0C M7^UG_-4-IA.S#OW)C^)P.:<&GJB/?W^P?3$8\7=0GYSI)Q\L2#>8[NY5++PO MN3D51#[6\577GXR1?)E)96\7A"\(T(S[O7Y/^@#7K:Z<0!'C7V;)%SX\)DFA M9=N;JL:$PU]WV!">P:H:_L9)C&R6._9$,,X[FQ05'S0:C"YH "ZX$EKEJ"(M MA !EY5:*4/H7&G,HR^';6+D[L:,';>8%3_0]W.GV_V_OVYO;QI5\OPIK-[.5 M5-E>OA]G[DV58\=S2V?X 4H'>F<+ M)?'R[8LWT)/"0;M0\YQ?FN_4WC#;FRQ!8ZRCS1JZ MB(^E#UE3"1W!Z!$<;Y"B5\EHNGEH17*TH7D._/:G"">B1^@VGT '&ZXET]SZ< MW[P_8PS#FMU@)A=P^333M^@'3#.AQ[$A9@_D"M+$Z$KT NLZ0;?%&=[UH][Q M5UET!WPR&#=)+8(>^$CNKPQJ<4JD1H>' ,0.%4 M[7A0OF/X06M/2(-$>BKU>./Q+1D*XVWT1B/MSWU8:\O%)L-G?%&2@8Z)XXP]L ^#NWF]V\%5 "@>?R;!IM%Z# M951^^P$N]@R/7D4@L"F -CXO8]<8(L0(K1,.(\2(*X^@$X;=1LZBK?>""$7E MC="&%O=5]%0[O3Y%KWQ\HX7DP15!UY;IT )M%J7!,DJ2"++*@-QK^*(D+4I, MZQ02"CF2=#CRRJ@B=!!#/9'Q-L7DI'94*<+67D/70EGFES/LBT59+,E77B&P4[YB ]095T]X4_XG):;IW1+ M?+.PJ.>!.U;"] Q[U#]I8^/PQ=320S\V]QQFCZN/).J>L8[A89PZ$,F2EE.)1M$-*-6%3MGB#' =P_+:)=]G' .(9+O(ENT%_-R(WS M*'](<_A>&=E_Q[9N^2SL:49E1#DA!TUG@+.3A28L/*6@?TYOTR):H,*/&X"/ M!IL7, B[[9HZ"VI"QB3AOEJMH(FX@'O\"!WJD2]@T9L.[]+8[BEZEH1@HF(@(UDT3]&G &CJ!EF5P5K@YVS(8A#=HIGS'=CV' M!7Q.608#WR:4_.D:[?[^9\Q^3"3%-.%>V6:BI <;,VTL10GB4^*:@6\:3(3L MF($AH@E**\?V$R(@C6.H[F^>0/P(+LND!=$=$Q8FMAE@!C.%ONIUWT&804]N M/V2U,A$(211G'DSE2C#TZ&" M=B=2U8+2)HU\"%U".)#5,=U)&QYL(C!N1ZYK^EC05<&6)F%X&R'O2UDP[&-# M/S8=S"_X,X+(=LZ@!TUPIV\\,KD#W(7Q!0#YAP0::G3"5T>YMZ4% S*D%1" S=P]297I?76]GIF/ H:WGI!!6]N%^SN40[C8&S1U;'! MNFNSHKYG/"3"I8_[6Y@]_Y:%]^&:Q3^W=FPG<#LQ%=W1C_H%*-1FJFK?&\Y1ZU1 M;\='O>V.6KW[:GN(^#ON,@7WL-"00@OP&:Q#Z%,E=W7>,-YY9FMSVIIX>^U\ M[S!M7O@OBW__!H]1-X M?#I[)D,Z3,8\AE34B>&: D-W?,ND;&>H;@RS@-"VHB+H;-WO'IH>KE$7(IJJ M#AS?"_:F#SU7CL+7Z=EI8SAA*A'E$!8)1HEHM2F,.X*>I"B5=A')>9 M5^E*"SSOR/.\.@ELB3,-RNPN%.HLTX11O5N=IHS'U9K$ +).=8C 3A9ZV=>E MRA8GN"=+B.A]/4X,(E6]#P*!M/$OKC/PK3PC+E<%9>>]!4M?X)?9>0@5^6_8 MD8G(U,+WZX^RW% 2*R2/#S.MSL*$!I$A?"@FMN$IU7?<(_I]=I5; MDJ56Z6> MUE6^5ZO3Y3)"GX9QKZJB&4 5TZOKMA4T6;,C"%48B&E$3;8A3)E\V(O.HU+, MYB...F.>:3B^W_&F68#+<@NGT41K+N:P>HXS;1LG4SASB/80]TH_G466&%V1 MO8(O761HYR\'@P]H$%@94WROS;0!<=-@@P'N>FX?5K9YL<(3K2+ MSG<"Y(2GF[O[[I7*1G!$-F0JARDKRO-PC:JT4=JUAFXR!D2?'#1D^0-NEW.B MH>6 BZ@AGX^J FT$^^ST4EM DW&':M)(0RW _)%]4FGAJK))L#1ZQ-+?BB7\ MN6[%]@UD29K\:Y,7FYR<)_S2NE*1T[KZKA=8YL"NIHN8PW\FWU6V/MHWM::K M!\YX:5(/_':Q66]^TK;7!EQR/F[<':3F+@V%R<@\=P M&1;%993?HS:S!"FX<7#5^ 'M!1F3,0([:!(G>S&V3I*6&]PHX2KY#' 5SG68 M%<\[+4.V^L ^UKWIZ&F7/SAN5$ZMI'I5(QT"7DQ$V'/LA/Q54'%G>H-V]*U4;!3 M+,.0C3YTTR =NZ5;\]L&R51X7F!Z^S,.DJDQ?,O;$:C]6 ?)E!V0>9!,F6,Y M_)1)=-4GD4/UU>&^W;9\#E^];EYZD]:#]6X":=9$/@6V8^M!K1:&T2D*.QR: MQ5: U2Y-=L/G(; R!/T,/AJ#_!U(4-9>D;+*@JD'1'AS4)JW9PQ(R=8GTN=@ MD:%3!%1=&#V"!.1\@8UQX!2M$CB=.]Y&$*FT!2($')#"%^*_Y3@3".#IX"H M=C"./XIAJ%EK$X_="AOY'EIH>8KNV]<6(;?9IF -*TBAHAG<)1'7R0F=&""V+_:5:'F-3VHIEYP,6I M?7P]L!K5F=)/1?7J87;":)B>[>\<*(U[ M:K.HFV%*]I#*?L"&:H=7!V:A#M(%Y=5+^W>7IEL[+O5@FI[!8>8$MCY\8W_\6+N^BX<-(VJ64/!31XZ8Q"_(;O M6F1PLQ>9',6G0MAH'7SL?:H^B83U)0(%AMU=2NJ5G[H),SW=VDUAW(/Z,]SQ M\K(=&G$';\9"'L/V?6M/.E B<90\(\/V]-D<*&6S1MON3#JIG:Y,Y%)W0,[4 MG!*Y3Z6R+:9;4VNCA#TJWP[8)J2/+T_6IN252I4-DSJ#L^I?Z4,N:^6*:YKTVD-,IH;3QT M$UVA-Y/B4T"!@3K_<^?WR%4?"LAR)GE_XLI= 2FV[GH!MX*7IP9ED*1:%VX? MNP@7 S=P.,>Z!VD3((S1$:K:^HQA&Z:@JN<=/=Y00$!O:FZ#:@)T4:%B@U[= MG*((/GO+GL.$KUKR#=VUK-[85@]^3CT[F^@SZE@>^,KE)W!T7RT%55\S9138 MIN^Z_#2T)>TR+#99!'T6Z+W0LB[@.G#K:ZC*-6%.(N@M?@]B3._B)2$1CF!G MA?048%:/:\^=Q#(&ZPN=0G\(0_8NB1J7QR M#5^W M:N6 UPT3M5YJ#(]"R/M.Z#5Z_@I=N9RCT*'WO[-8Z"RQG!DU?><-1C MLH9IJEM+ZZR%LCTK/D"\>4IO[M--'B9+=&%U 4!"$D8G>OBTH7U!*%O$AFO? M-"(>+"_@4FM*'JJN M&8IEFQN//#*D38;IZX81"--"UZA?D["\H!WZ'5&.KQJ_SL ZVJP_@?&PGQR% MPX%()BG2)N;8QS6!D\DAAR7@("L1AWD>K2*P9 W(3M=9 JADDB-M=CQ7]\DR M"V%Z1,T'U)43X#NNZ^_T-U9DG*_MJFH[-9:'GX97(='7'Z M@OBE&NB)8KZ-Z!R"F=XC,30]Q:KU)RY@W39(74-!( )1JHYQ@]:%0;T0,?/K M!H95.>5%FM%&9XRM#^/R;*,.(+.-*@,F+48^8DPTK; M43)Y5OQQ&271>K/>6:S46QGU$[W5;:)W5'GPPA\\\ PA=&0H_BJ+[B+(>K)C MZF=\GR9;XITH9_N.!H;QS$3)A$F00XO8^8Y!4F,<&W5SGNV2.GT(T:IB"XE; MAF[IIB_G$*=G70^[!EPT4,R:XQB.88_Z]/1DEG+?&Y97:"'2.QM@OE9"0OAM MW7,]\N*;,4S"07*$W#W6)W';]AW##UB#W\1I!1[H&G(P0O>48='3&Q'J)V0K92%\=/^#TQ46 MFP&7E!#ZR-*5O$N[\ JS<#O682>7Z&_E6VEL B@MLG) J K6#FM MA;H9=0V?-"G2")R5;] S,-TMWYJ.>"I7 F<-B!C?1'IJ[X+O* M!R6O)H5CSJH:\!6P,1HU SC5,=>B2@=H8:$9OVAALM0,O[Q]-7[6'LH673FZ M,O:AN< #?:EY[A9 )8@ZG6TO?W70W:^F?M+DP'9H[G6.L4%AC9>!I]T=,XLH M>T[/230QNOJM%@<-?6J\MPB0QQ+O1\>+3IY:_2WBE1-$_3.-ER!CT1X.MR<^ MNOO:+IY2D4(-8F7=\P,773]>R M3>;NBT!B]HS M/=)I8]D/S.9VLD0RA=IL3%3-7S7Y/)]NR,!(P6@H_CZ+AZ34PG0 %W.=L,"!IOR]'<$S==YCOHE!DX+D0 MV[IG<9IZ5<'.YFL]MH:%_X'E\^U<585<)!#C6JY)*1#M]7"41KMDT.,Y+O>U M=S.'FB20:4B\2$[$B,Q!XSYMS&'31ST$(VZ]WL/T]21+ZF-'=P3JR32JGD+I M-.XC?420]OTUN^[PAN#,$3OD(ZLE^-:T@F!8]%2NOECDQ M58HR1Z'U1%=R$MQ65B[GM5838].R."T>H!;?CDP"+I(MW!:CLH-SM+@NZ]^N MF](W=2N65]+[(+XLPR_4ED9*LNG+\04H/$+>@87OHY;D';PL>>%L4=/;Q>5G MEI<6CZ"\F";N_]!K_E^BMR7Z8HT]05M'#N"Q?EGCGM%65#/_%/U*@L-V>LEV'V M)RCP2>OI\O]M\@+W2.&GL% 6W[O#WWSUOOU*YO*=/8;9LSI-/X39JC9M,Y)^C_$_4I+4W M<8^)TCX;HAO=&SM4XE;()G0 O( "_"V%PD9SHN(5<*"<#I!_6D%4@BR#0%Z=G-; MB0M5&.J+)>!NG8904(@!5<#@2F*XP/88BW<@ :L(-0[:F@V1I%HY=+6SA$5 M*R%;\7J13K;Y9*ML;B/BU5JA?+;T#M9W%\EY(51GZ($;"^,&LLB MU-G6)%:,92BZ3+$"RZ_)$F2=>#4$_#7)^KI>3R=7C$RR5Z@ #4/+DW1NOA3X M$9 MX ?A'4OS#-FTLQTWLL%GU$HW(%OCZSKGT,1CG'A+O @U=4NUXAYHR$T+ MD^?_"MKV@9HJ)!+PRRJNU-4M* V<0N@W2)/3H._ MAIJC_Z(MZW2(=(7?O\9;A.J[Z%4)G)$EQ)6M(;REMMI@ABPA?T\85&8?1_>A M79Z[U]%Q:1>#4;O,KC'+-+POT0\QRGR/DS"\'[@=WS+<\FP9D)SPG;HR^#;T"6N1-AI]14*.=_V\0M\$\A/6RRI^A#B M4=D.[VW#LP/"+/$!IN6\EA\35>!-!@#?7,NAS[!\WR&[^(V"W,D4&;F.=@KD ML;N/:2@Z19K-?=W78;3\D-"N3Y<%=8>U9H"354>P*(B5"L;S#=MBV2J-Q$"K M.I.;>U U/"A=%Q[9ALH#%'7:!M4Z?CB_>7_&M#4R3)U:E-G!U],Z8G/;=-%E M[C57R0[<[=#$)^=0/I;A!I3F$110'&JU_/M%FD&R@J032)XMLE#BF)[?FPHDC1(Y9?^,_J!N^98U M,5L5&RRLT.MBT^T))%=%&B?FH7$Y#.0G\(0_XC.,@@VG#=UU M]D-(0--$GD MH."[N0V^PY]-YV#)P8Z;JLFAU0&VM#$3*#ET3)D5%70HU[5LF;F^8QI!;VH* MJ[H5W1'RXS4]TR03_YGW?S-8 ^;J!=/5#4>24S*H"_"'5W7$J&SXR-?R0> L MC;XS<6R==)'Y8=/*"JY:F4L[!X7*#MY=QS/];CG!+AC)%8BJYH*_ &_"+@7) MF35E*MCZ_8H$6DX7BPS*8]5-(J?VTN;1!]O>S&^K5VN@>K>V@N_17NDGCF\: M6I%JKW#T37L 67DL5=\XU(-)Y?$YG83!Y7''^_:^IG%/("Y)Z+[&R=.@>MY3E3E=5<341?'Q*%B_VJC>WYW N0+D:OP;&"0P[T,1!%U]JZ;4O4:G-L7%&>#QMQ MKNU[4T.9\X5 J'31_%?HP!Z8FA.AP[ MZ,0*JSDI41Q6J*9M!KSG^ H]-S(E MAS4J:SIR?#/Q6YP&4?=Z*:9^8I)N)>.]3=%CM 3),F\G;<@X_]TYO:(/U<;3 M_JPDXG13W*<9:@)%JVMP\/W*^FATSM$[AX;#0]';O+2?P3>T]N8YZ$YSU?.7 MJW>?OYQ>O/_X\8S<0@PE;S"?@;)!E*,3OH$L29-_;?)BT[Y%%"&L[^C@";GY M<+M@.XP*@S&3"IT#^,=FM2F]C" J$'\,DX=[T-[!L:.>F%JU_9 KG'1TH:%EE#55]V+@VXH9/ M^Q&1L"FZZTL:C[<+4L3M/CQBD-O%3:KXS "9,A6]7:2F"P?-A(Y)QDXOJ3+, MOZJ-;2]0/>@";3-D,*>PQYXQ$TV\Y3S*P*)(LZJB@[E31G-0TZ9WJC?QHGC3 MG'>U&O6/D=OA'9MV MG8K@P_\=,J?>O@[?:,M:36283%3^Y/^"SZO")-FLMV52J"@JK5I::!%R*B%_ MJOHH^- K8WO(=:2]OGVCQ=%?FVB)]S#P:S5'M11B'JW@0E3 MRS>D'5;%4)< M E;5>%7%6F.O0@5<)$#M=9(6Z'CN%FCA:H4K+K3;9TCRLY8!-!ZH'LP?XJB M0R(<"<#GP=I35-SC8;'WKM63J#6S6'X#IUV_@50LW\"7+D%9X5%3D6\6Z"40 MV!/0[L-'@-^(/SS2-@_PBY:N+@\J2T/,J>?I"!&+0("U%L8QG$CM 6[K:_Z5,J6='AL:(51: M(U5:*?(K^)B!BN6JQWK$ 9(,WD"XV@(-5=$+N4O,%*0"BMSKU1L-A) /Y:3 MMS(">8K@BQ]31&."*O/JB3?U7\.\$ADXI5U24 MP[7NWVWR* %Y?@YE*DX?B,W%VYLM,[00#;!$4P10[68IX2%)U6WU(JC'FC>1 MU(5MT;LX^W:$YAC5 85Y'MTE ,Y*M8CS, ;U#*ZB+$=+XPC:"_3_:ODS3@.: M0ZA34^VNNK<#CHO_N!TW/]K*-2)PDY>"GH10>@D"D9K2D+9K487>CYBZ>^Q;GE^MOI91A286+'$5O:KKK&EFD3>IO-T?SY'03 M8H WT@EQ*\A7N$KKQ=_:7?16UBQ"V[8,K\+.BU&( M/(H#+(4\6C31]/V F[8=E[AU*6YOP( 7+,6Y<%%;&=T*+%0FMCLTZ:6'\(_Y MQ299GH.F0H6+IQ_@PBQ[F'3=A\JY^8/F() 562TEM 1YA*06&0J$#=K&X@E MNT-H![2<7IG-KXVYJ54*6O=\Z@-I#+2LDR77R*\3:'@KXU:O/\".ZC!83QFE0[U]\(A0.]C0R$E2^ D$%$S>.(3F;:3C22M:/J M$?Q8Q%##/Q**4G#<>D]$DRY)<5:9)976E*U*QY<.LZNL['> \W,'@NT3*>E= M^JCU%OR/T4=.'\0ALK81N7?(@U%1]OJVEJWAU9K5313*SW%[!+L]PG;!UP5L?]-8#V'&U&(,]5S1>'$)WQW"T(@MQ:B9VL*/U&BPC"#Y^1CC1 M5U-BWW&B_3-]0IN"(^S3-G_/N][S(/M:>Y86B0OHP*:+Q2:#$A8C'X^+?]E# MFF%F'#0/X0X!"4P,0NQNGKA>J2&W+&%B8N/RXRT/ H3^C5W[\GVE^L0<)H>. MHW54J77L]8:+ O]PG\9+;$+8YW$=/J.=6+T4M&A5;N6( 9_2#0IJAK6O6XV" MMYMUXR3(IO0IT=9IAKX#)< ^"7YAW\YBRW<'M^[([N$-+!:P-I 3K4\1=91* MIY$;.EF^VBV?I97TR6):\8P M#-VTIU.\LVT2%$VNE30ZA9R2.?SUJ0N)DE[N6"XCUBDH)VHG+W ;"6$&V?'% M122@WHE6GBC-_9R@P(9.\X9%96B[43UZ"Y;O-L77),()--A?GX/2@2- ,= S MM.>MC]YZFO/V6]DZDL-XYJ>X72])!JG]T8M4]'>RN,Q"AU=OKYWOMR7C[;)G01Y^9E3Z]Q M1U5+]J%FX_ME)ZO>%V&G9?\L[)QP%8 <9N(+ [IYP^HO#)C?MDZ0Q[?7AGW^ MDLTMHY2I6[*H.94[OY0=J._"U8D,I?:?Z#-:X4-?FIUFK#^W(SSNU''?X(-. MJ-79SQ?MU/'<< 6=NI_&"U'DU/&QT_5^%G8J<>KX;E_3]9UBL!=J;I7X+IS, M-%6M]!$'N:5.KT'V.Z8$RG.443L^T9C MM%W+2.@Y2QU!Y4TT54;**(=T:<- MFHO1V'=OS) :(W8"WS9DS%T?WCVPPQ=GAV<:KB?CVK-YV/$;)NU#4A;=3@F7 MCK7.LMLA=KG 9V:*0+R=RI3 ,BS58@PGFVI\D2VQG\!D4K_T<>_2.)XO_['T6V@<;^O_=/C+RI=709 M<6964N8W?E.6M>.7F?(OQ/@1K_\=H+PVL#PMLP(90@8RS\Z<^AQ(C1\U1-S! M<'3 YQ(_60O4"*-$AN9<)IV9J1*/-!A[MLU(Z2&Q6$H\?X#%Y.WG+Y?%];L/ M4)"%=*]4>@^,UPHEFG*OTT&S6IFUV[LR_LFD#^F.(C[(-U%F;TQ_AEV-1=\V=@\KP>&1>?2X_,:=U6K5=FR"BX-WHEJ(9)/T!XFB9&B;KY%J6J5:CXF MRVLY34FS"&+Y!"MW-0(SF(]@IX= MD^5".R+SO -=(0O4[R)<:P\L4&AEV5:X;?"0/<5@*;2_*JP5A=39\B8.;([M;E"]W4>UT(_1F8<-N2768>:.N2^F,4B^#K M'+E+X=MK\[M_V41 R%$3C9;4<&%D3$R4)K9)Y M5XB$0E@94VJZI\AY?8)D .2VUUFO(P6P6H92CR<%4U7_A9'%S>]@O* M].?<#F[G*-S[;EX:,V\#Y1A!WAPIZ^2GZ7TX$NO@B@0<7*QC?\TH!KFS*U,H MMFOYABDEA':H'2GX>>)8EONW:$HA(BZN+Z57UV$WICB =43C##9QDQI/\!-V M;#N!7E\J3N^[P IK(K_I?1+(P<_0&4<$4KX M?)C-, 3FSC=E6I:#;X@AH$<=SS3-E],5H])WZ$('93Z:8P6^+9$E.YCG9\E4 M,3%,Q_1LB8[(5)[LKX)LD'G2#LX5E#%1>_OA0=19U-&Z+G90_!4!^:0<>NH9 M>/"=KP)@!X(:*KAF!YU16I>FRUG,((,4TM>>[C6^O3:^&_HE;YE3!X4*,CCG M@UNJ9%' UTA4 06MIJ)<+Q!/9Z,2X(D4S.432Y9&B5 ]"Y/Q;ZWX >C: 333 M:),N:_:E:7/+6@\>SC1]Z4:1K?3&YB-)I9:ZIHD*1 M EY\ :H&K]" =Z^,]LQ&G)C 2 OC>]0 _BZ/\)]0?@*SBVY!6?@&%,<_%Q2 M+PQ>P>FH*'B:[R8.?F;.\X/O=S5GE_BN0RD*?'9I9P2NSF_H*G@+5<6.%,7. M5D>J0L'S@I_);^V66NN>KQLCE#"YJ.,/SR96(@S5,/"VR#[8;KJ*6PU+X[-0:@J?& M23:G^Y,(JLB>'(=0@#V$P\6 ;S(UBB>[- >6Z?.2M'\]KF!N&]'G:;E]B-:1 M<&Q^2I>#D;Y#8>H+$=6]<%6U=[RO?C@_LW/,6W;GGU@R"J9?KFLLK=:W5\.6 M%\C\[7UC:47 O?H!E9#N\]J367U)L87^F4RZA,_CX)H837U0+"/_UYBF]N4\W.92'3U$""@"2]W]MHN+Y M Z0B*:)'R?8/K:M6I5=^WW7>7J$XWQ7V:1?\#EE^3)33*6PV" M*6I)U6>$A5C,U=!#:[I'\ F=I8+APV&';L!X3YPAO#1;Z!O)M,,Q<%U)5&$K&+DY>(MA\S&Q%,!'Q-,K!( M[Q(DM*1 H[XJ2A,P[!=15+'#\>T=8B(!4[Y=_1GZ/G<@&Q-\P;Z[2<%VMO7T1L->@-' MMA5HUQDXKEZNE4-I)6 M P_P7VAYP(^*>Z#!&2SNXV?ML?IZ6GX]+[^^2C/\ MK0(DY3=S#4 ]O=2N%D6**J0MXTA#Z+0BQ:_0X+.?TD>,2:L^^U6#2+77$02( MWI75A3F:K1_I@:X [5/:1GL.%B6B!BY\(HX;Q/\*DTV8/9> 3?VDU:2"G"5B M"C\DT'.-8QQL*/V!0 M@"/=MFN6+#=9S;OB/@/@^!F$D$F0%O1=]&>P?HA3[.EHX1W\!OKI1*LX,$AD MV_\Y!RN09;V>U>]1@9(G?LS!(X"1$'R^+T[3J4M]SA!5KY&A)! M<[)H71OZ]S'G3"D%Q"+Z#):;!7K/5?(9Q&&!ALB*YW-P6XSJY\MH<1^"^/1C MF#S<@PRPY+XYOEI'1,R-FNDGCMRHV61]"X=;;-#^ M3Z2+DVD$IKDWK3L%NND[NND+Z][#"E^)L(4SL6[_$2G&C@5<1FZ(565W#DOG M[)@@!7'_*>@P8M[F%0X73ZE%HYQ4Z"48_+$!60*56A60 ? (%SOX$SPA^%0'/3[2;>Z"MPBC3 M'O$UEU40B?M8T>Y2A$Q,+Y@SES5"#>AO*6TMTX.Z'(JQ!I;X#? M5D:VY=N^[7J[IP [Z @B;M(BC F[4X;$!XE0JIH,9WO",H2-?H8P@EZY33+@ M&(;K[QXU3(:NG/%U4UA^Y&7013&[*;>56J;KV,XNXA(/)U:9_*5@=>!&QPH8 ML J(ZUR^1/+%(\3H!ZW>?9CN%3#BK["9!WVO5O M\!@EEVE:QU^KO5!S"M6)24TZ"@N.H+*9[RA,]!">ER6#&D!W_&UA6=^J.JQ@ MM$1AN;8.*1P]TYGH)/F9Y\!4-"=$G#3Z88YA.)ZI*&%$,E;']X*QW);)>X_: ME.1%ML&J[0HJPNSF/DQ:HPD%%#Y%BS\_I0M0,*;/R$B&YJ2GP\4P!M4.MNRE M#W_!0$OOZ4-R \?/PT6_S=/]+2?0SWXE TAYP!&1P?X"!P;YZ54"RFUS$=W& M<*54ZZL\74R0B:.(3/FVBRC+B[/P(8+VZ!O\; ,17BP>&6V_KK$RSCI(ND?&< SL*/3RAVM?)ZM^8$VV9@)N\]U6 &9-: MRR"K5[+7:9P(/O!MPYYT1+Z?8ZUI9-MVQ^3_G =8TY@4&*[CS7$/8G,GZ]7J M'!3AXAXLT2W$7RJ9:T$7:?C*S(;=X$%@.(9I5X9? *=T*B5,-B5$XNJ./9G* M PNAF 2CS"%&M2M7AQ(C#R2W#T_3QS1,&DL\$GI4P0IT8IJ4E\*EJSJB6*3: M+="B,M0/?[G,3K3Z00T=OVIE[/(" "B/2_@L@ *F-7249[2)A@H,T!DM/GA] M#*%SLM0P&U%M @I,QI!Z+5RG&Q29A-]!?\-GR@A,NLG:)\_50\OPN0YLEL\G MY:'P(HP7&YSPK-T^PX\C7#BQAG_ZA^;JOVAIIOGH7ZN=H7%\IWX,:$@.PN3Y MO\+UPZ__Z9N&]VM>(:BP47$<:;>; IV.A]77'B!?,$.U)-7NH60 5,4!1WVE MG^BF4Q=C]$E >S5^ L6'!'(#?$SSGIJ:'H5R > $A7'Y]$WX@T&1P,?M0+>( MU)#6\'S(^A6Z"#(S"'S3--F@?08+Y A%JVA17L-YM;H!ZXB2Y0^\[@U[E,[2\R$<: M/P:&#FG!4N)D^V9KK]<_Y 1HW88H;-!9?:*&&Z>5YI[M%-G M<]N@QPG5=M--@.G5(XSY&(6W41P5$1B9+SYK-S+.5%!,74],W]+%0;U?K< " MI<,UWM]GR$VXR4J3!7P&\_?L'@6K/B0[+QY19$QM7*XW&2 I^O#I C)Z2XUD M@&WJ=S_OOJ)^]6D9RV$4X&$A:AM)7@S2*>#NLQ,$OD0*>";X?1(N"OS:SQSJ M9$38]!-34-[:/.>FV.]\.9UBR74MLO\#"7NR.G";+C^F" MV&P#UGCK^'SK#M]\]P%22IJ8*,LE#3L6IXM%AC.U"I"!O+A(LZ_)0Q@M?P_O M!A/DAX79,-SZC&QP@*YK<%MLL^\@W@R@/@/M%\A0W4;'4V 8MH-T VY2HO,+ M]"G.-E#5)^..YUD81W#U)%'(%'/T?*(%9?^P;7@?,0')\C/\!&74RNLM9P5D M>)TZCA@4;@?"M5WRQ)T!RA=0%#$^ 2)IW<>*/*C?]RGV8%.DTNI8N6S/7/Z.X^#I/E ME\5]FM;;R;8<"#4V?)4=?K8[!V9K[340\=IO)CEJB>PT8)^DM=_%%-OEA4OF9X]E7IM(TR"4U<-_?-G0(GB$K59Y.18M*L.#,05?S(8QET]#;Y9@/ MUA I1.[NM@%!?^L51>N &=.P[U":9^3^DTWE9,]*SY[$,/O="#JP76*VY(ZT MW>#'CY.OX!AEGK76],]_BN(8)6"!;:\:G%>4/&M%M 9'..,)]]I OZ($K?+/ MM_55NEH>_:@;Q88K2"G.Y<+1/_0H0(8>EXP^I1HJ%NU^ZTB+$OC6JI 7#]WI M^8$2GUXA@=EF.97=-RCD(%ZA[A\A:GM;K6PM0YERG82K\@W5J#BO+'ZN*UN_ M@,4FPQUOJ_>7/43ZN'GJQ/T+(Z+J M)#=3_Q49^2@IN84\P.8CX]\@W*H92%N@]G%6/F!S6M(C"?:*9;B M$$TE]+R1\J\&AR^\!_'R"(X"G\,)CHTDE@)1(P[KJYV7>#;S9N'6[ZJS(]'[ MRIFLJ[3):<3R4CIVF#(3RQ*B#8X)'P=)32$<9/M(=PJJ*0>/>''6S"=;U/2J MJ/X;.PA=OM./5HF%=#N5>0-@(.K_\]\_;B&9_T#_?/N_4$L#!!0 ( ):+ M?U)36=%.WQL EN 0 1 :6UL92TR,#(P,3(S,2YXVYG9S-1,MF19=K2Q):TDSR3WL@63D(0+12H@*=O[UQ_ ;Q( M 5). -4Q#Q.+Z":[^]< &HVOSW]_V;K6'N( ^=Z7DXNS=R<6]&S?0=[ZRTD4 MG(+ 1NC$"D+@.<#U/?CEY!4&)W__\3__X_-_G9[^B3 M=8-VT',PL'X^LQ;DR29_Q]#?O6*TWH36=_9?+/IZ:WPZ&2VMZRA '@P":^&[ M$14A^*LU]NPS:^"ZUIQR!-8E&:$=84Q >LVI8\H MVF=K?W^>E1*VBX^G[RZ(N3)&@N<:@-TI",.<=P6"I_@K:>$Y*<3H*0H)RBE; M@&S^IT@!_!Z79J0,9=7Y:/$3J7GYFTDI:J!''FT%[ J] M4X,M)7Y_GA162!&7]$-"BG+G]B,OQ"+?3@IY*(6XP15(:8X,#D5XYD4<0!V( M^"*1 @ZY%VWYXC@A/J??."<4$",[9_ ]!1[?.ZWQH:T+OS;<^WM[ %8A< EGD_1X!%ZT0K1G0A;3UKA"4BD. US"<@"T,=L!N^AAI M^RSK,_ \/XP;Z_@W?;+;(6_EIS_) ^IYGVCU7!*M+/K'XWS,OCBNP$.?]$XG M%B(U/?DS?TWV(@>ND(?B#[ZC_UU8IT67=&K%7)_/ZZ3UMT2D"YIZ/\9_[S!I MT+U$"=I"I]PI21.G#5P[&ZVM,+?!#BD<,Q+0 M>.$&AH@H(<&F2BL%ZDH=*.N[RKO_T@/' RXW9C!=37<0QW)S*I2 3@K8]TV M+9;D?P^C"0%K>FM-9Z/Y8#DF!#U4,JB&&^"M83#V%J%O_[;Q78>,3T:_1RA\ M)1TALE'8#*$"OQ3:]^K0#G\:3.Y&"VL\(073X<\_3>]O1O/%?UNC?SZ.E[]: MW]V,;L?#\;*OI'+D0;"Y=?UG21TMR*0X?FB!XV#QDW5[/_W65]$ P_] M.Q:Q:!D'GK.(MEN 7Z>K!1G+DXC4!EXXL.-Q !F_SPAJ-H(IC(>^1 KRWVAD MB0+;]8,(0_)C.K\;3,;_$S>X?RVUO=9@0E!_?'@8S'^ED"_&=Y,QJ9R#R=(: M#(?3Q\ER/+FS9L1#AN-1[P>Y']SY!!!2'6V(O034RA,I0C_4$;J;4D.3VC@< MS2>]G3,[#X( AK,(VYLX 4 -77TDM?3'NJ4'B\5H:YZ2?6HQZ4V>FGF&X M \@9O>R@%V1-5?VAS-P7[^KFGLU'L\'XQAK],AM-%GT;4C:X3QK_\)4T_#08 MV]$>.;,ZIT1J^@O6]+2E)Q$7;>5I\#6C?7L/0 ; F.CEK=&3"^,V)75YYJG4 M\)=UPX\G2Q("CZ_O1TEKTSM];O,Y=>2D;KX>L2 R\ =FD0*BR58G!5QV ^ MNH]CVMF UH#E?#!9#(;]@+,"QL0/83 #KX X>P) Y8G4Z-_7C3Z9+LG ;S;X M=4!\O[=S9N<;B-&>"+B']P@\(9<,O!-S\PJD5G]?MSH978^_DH#^Z\BZ'P^N MQ_=DE-T;OQA;;[=^DOK(1M'% ZFQ/]2-/9P^/$S3S$9OY%+PN((8T[1$;N?: M,ZFIF5$K"1UO1_-YG)CHK5VR=FS01?04V!CMX@ZRTHB+BZ48,./2V/+6XO%Z M,9R/9TG2H&_?>7A\ YA$+&&C'F33H%B.76B72 \#?(Z+>:$_=.VV) MZD^EYF:&M[0W&/WSD3BY-?I*7;VW^1O-#[SI/('R?,$E,WA^H_D"Z[M,AGZN M[ZU<9$D#N;=QD/154O=@AOEE]SC$.Q(!>M_@3W\UR*&I,FJ$Y\I-;O MC2^: "E7-'Z1% (F>5"?#.FK@-*L2*DFB(NE:'#R"[SYD;YBR.9)2G#PBZ10 M,&D&9L:D1Z$I65]NFSC/I?9G$@J5Q'W?*JED\,L8B(ME4%PQ*01>-K]'I%7. MK0R- IT4(R;A(,N_]7@UI7S*\+"/I6APIMN+]$]O^;<><-[ $"#W;4:J(&1*VFR(BDT#!9#R$T?6U1S,S6JHR80 ;.]YR- _SL M;%][6@##5"$%2BE4BAL-^MK4)JE>J4FB0BDT\JT(?052QN*B$8P+.1I,%D., MAG71XR'#H]:82:FD^# Y@P9\^C9,?3,/'R]E:BEN3%9 O-FG!U!U3K'2 ?$* MI+ P"8+:K&+?\2C8_T((@$*'PV0#^ CTG4TS!K6&JY%"B@F3$!!@TK=/2M/N ME6:JH5R*"Y,-X$^\]XV6.BBU>J-"*(/IO>+ZB+X6*>V Y /51" %B,D&E'=( M]L"H[YJLF+Z4]&P@D8+#Y -J>RKK^/3PJ&RSY-U@^U2&;9+.6Q,MD$= MMLL>MC:P72G#=B6'C4E1J,-VU>*+*(851<%"$"HQ]F-*X.KHV$<@\ MET+#)#:JZZ/[@$-N_ N1]>7AQ 25!FDP#')B\;357HDVQP&(H@19%12S-C,1?VPD/^G.-%_Z"U&<[BRXMN/ M/M&K;^'(M"MUI=EW-OXBZ9R];-R.A[V^X_2A&NVZA],/9 M*P"VF;K[%M]KNAB-]^F@ MB3'[<5J\I8LHO/L'U60I<^:_3HOW=)"F?CV;DB 9$_VC]><5KFY3<8HRYR1A MI,[QD;KDQ8>#1.DF1D<9FB^ 5((CYXK_.@R0^#K M+$\7P$[/(4O.Q=X(/3Q MZRWYK686%^/*6T;%2PY#B7-SI:H\9:ZW$Z*%03*.PWR$O8=3R4D*MN3/PQJQ M^LVF2B)D3/2/TX);[?.56RBI)0-I1T1A1T!2:[6[);D@6RI->EQN-Z&M/_:TFB9'?A/^$%6,&Q9S?<)D<5^'+2A@&Y+EWJ M\.4DQ!$=4- [>C\])9<_?CFQ,70H6?*8A/;(=Y;Q""2)I$E1,B!)"+8^:9T! M?AV'<$O)B(FBIR!$87RQ]1WVHUU&B@B)6.4[@+RI=PL0_@K<" Z<_XV",-GT ME"U-"S)M%6F[*NI$R1D(?Y"F@RUQO.R\A=78"R&&07@-O1@AX Y]+[T]_1:" M,,(P4[L+HZ$VF&%_CV))?9QGC#,]186&ZE):DC<.@@@Z1.S1"[0CZH>DD.Z! MC;^_V !<.'%[-J[^2%K=7,V8X%YIL(+OW*5"W1"]LH@!*@ M%1@-@UHLL01L!<9FN!WX9 ;:CSO?*QK8Z2KY.Z1[VJH+/Y=^B5?B"0>^U# O MZ::-Q(,.?*F9WC4#R!E[0[!#)&S+XYCIJE)3[NB_=+2>]HKM> QM145:E'<< MEI>[?"41CMP&4N[C0YX0T?-SI"3XMG^/8< K*R#QB/;O.397 MJ;3#E!7V,P,8(1ZU 8O M+8!NXC04:X[(BG W<1X)XO7D#J-/WF-ELQTM$VHM7FB8?[37I&4BK<4+S?2F M!?D4Z@F!3=9R.O'I]I)W057?HR&LF\HVIT%:)PP[)0F/S'VEP MUS[SP6,\!AO<^T$P]6C;-7JAFU^1 SPFD=3=3N!6' MF55;!-,$YK VDQ@*9M:GIB/OT?8).@YTA-FZ%O2&:MQVM4K752[&NG)MVCO& M,>^.^64&*\([+:>BC8# 3)5J!]1_0^$F#9@K8:*.6^*WN9=>F/G6BHT8'.AJ09T?)V&#'F+U(W74-<0AWX\W96I MS:SGLFB7IW)+'C,5YT_PRA 64AZ!+_-E'ZQ(_)"M.2,M&!G<$B"#2O.E;@G% MMQEJK::I?[6*<&S^P4F1BM55)394UR0DJ:1QYM"&:$\3>C,B!OX5 EQDP)3) MCT-?[HJ>DB8"O178#-6?K9WE[&XMN>>%Y=61X@K>YA5F=GP)ODO_&A:K(Y)@ M+<^.5%U!1FHH_*4DIC29H$AK)J#$\3#R F3'&B@L=&K#8#ZX#8L_I51F AJW M-Z3%55SWK$YNIKJ*P>>A4:4N]>AH_^)2F %:PI?PVBWU.2WH6V<,/-_SHNVG M,'O'VZ;PZC?2US53)=:O5D.;&&37.C/JM672KV8U@(EE?&74DA'I5^,!>3Y& MX6N6"B?C%-LG?9SONLA;9T]CR7]EU.O*K%_M4EB*4@]CT9,1Z5A//H7 M69;&G/7G1LH?GQ-2%;WZR$BI)^RDY$0^MZA;ZOPFK3DDOHV+$2VOP$@-$J_( M[$P7D-*4&)ETU0E_15JM^I02(=EHLXI'$X&1 M?G8#\SS =)5+/]IGW7*^ODU.UW65 4T9K@]WM36&,#F(*)IDJL-?P>A*&//?A*Y8R7.05$ M2E87.9E6+;+D0J.U69G#+4 >"1%F&-+=,^2O9+ZCZOER,LW[JBH3-7A;F="I/N\H:/;T M+:8T]J69B[UVVPW6)*REYT-/5P/'B:\2 "[/"50(]0X3.5UX4_=N;*LB#!M; MQXI_9(=?&J0N-Y"W^+Z1PM"%&\PI??'B^=)6B28"O35Y#ITHGF1BEWP6#7D3 MB9GY_USF,2,SJ0>>C7;EI=!*M$8&0PVR9[.\"FJ62(W4,LMG+?TL1\=K.:14 M6CN:3*:X&9ZNR@G&O&MO)#&SHB7N$Q"9Z',Z4$-[Z,%BLJ>)P$AGRT9L1;R2 M ,&-TU6)37(])<5:\ICIG''PXR5R3[)S,/+=:O7]C,K49BI;%I)N6:27^-$U M![>8A*_DNPX9@-67'[;D,5/Q9MQ:@6PZQK7]X:0UK6U?B0$M34^K41L;5I?. M,?"W* A\',M<'=SP"?BV:=PDP(.>LLQ#MTCN:$?@$0MWYQ1$LSB;E@E>91BCNC@@D,R1 [ M/E(Q_BV8>6GF,!3,9*+TVL?8?X;.H^= 7!N&DVCIT<.E)B4?T'9B-;3U*?K\ MAF-LY&1:!^^5_46%]U5FJ[C%>J=5JB>ES-+Y@]+J'$&Q[CBRX9Q$010B)-0\ MTY^>8="0XY'0Z(V+*PDHVN@L=OO:,4U-%'H3;A672&1:^&Z1Z!67FY,H3"U: M79+32&%F"#!'ZPWIN+/-_7EHS3SN.#'Z)F/MQ",@,12=:8YE"^IG,52]1TIK MR)K8\M**^D.](B8GG)6"=+KP.W/PZK%GE7:G Y_>IE1=X&IE[\!G:$ \!XB$ M&;>1YW"6:(L*]7HG/:4E.?.4"4UK :P2I:F+5KBQ=RJV\-3W)EK]P3I'NJ5? M3M\D9[(+6I?#7F' DKINLM?.+7^#%QVCQZOYNK&A5BVNE=5H=7*]E9J^YHET M>4[EXF+:):YCTNO7@H1(3A\-G@%VBJO*24>Z3;(*=,AKTZ/E2 1TE;O['_D% MW8M7*QL.R$C_6QQ+$"G+FR-E1'HWN$RC,)L-?TY#H6^0QMW0 60$#=8D'$\7 M.\?'; [C(#KHA4;_*FFC% 6J(I4,GD'R3RY\N^AX7\]T3^:[A& M'GU^G;12^:JMSNRZ'5M1A\G=\C=$UGRN\8K57Y=7;#Z@(K5;=%5F/1]VLT*FG^@]]B?DF4&GIE!CU MJIIOU:F>I%EOQ.1D9C52K+SU9B667ZR>B-S,\:4 'D&KI$Q]5,IR*Z0BK9F* M9F,Z&AP50Z;*,^TQ4C+Z+,4XDVC[!'&VCX$)AM3IS6I0IMDP.^VK:@J5G^O- MQJ4"#:GKNBXC:/FY 6G#1"JE.+H%O5FNPY56!),JL5$!DFA$%QPX_.?QZV[Q M5$7G'^/=F?O(U*XE^CIS'XO:A^0]&.:C43IIJZBLAU;TYE<=H4$.PPS M!;>[4FWVE9F-ZNSX4BLU]XJLQZ,N$[YT93X>E9M[-D76(U"W[(N[SDN0QS@ &_8??T9R4X1Y.KD9N:/!/+SNRI5XF-4E*C4E6A@^K$>:Q&:)7L;]D=:5>_*8B4K*#BD^KM=-?M+/XH9QF_C$BO"HH)GY;Y(0/20*6ERL$@"C<^IE5!N'2?1Z.UGL<7H92: MGZ3UJVFZL9O;Y]*BFIKM*&LKU=IY3\B5 PQ&Z MS6U(K/VZ\C'=_Q 'MO%W;T!Q+)@ZN>8]LLDI"-G)7[<^?O1V #G?*G=,2(C, MW F458GRG4J<$PCD9%I6II3:[XWO.A '-_$EN.%B>CU?@!495MH/D*Y6.JEU M"%+R#B.PY')'QZ9&2O%^B7E_HI([H"K59=9ACMXP,2DXLP&?D%Y5IE_@<@-L6OMV@5 M0N@1_UUN_"@@\SZ+WYF5M=QXYL$[52*95@_'-WRO".)FTA/;&\UU__2>'!31T9 -*=1X3=!,>B2923,J@5:N?X1YY#[Z/V=Z9 M+=(JZ0,B'2MT[X&WVT".N()RO3Y#<A5>XA"8A=NC(QGCT- M?59N(856N2?(_FWBVR2L9P1FBS1'^. W$&SN@+-&+B>^YY2:Y+Z)2*OT M-W#O@#!\0,$&L-;FENH==:>-V#UXCEG8L;> P"P?X><-FLFT:O 5;GWO'U$0 M1NS8@U-FF+4YN:0F(LTUTH[%B+$OC?SI,=LT&<"II&H,>L> ]5M'TA.>V &@ MA%!O+\JY/D6DB *MWDBFB+X'.T#%8T,9(8EFR;=;.LU(+_OUV-$%OUAOBW0] M(-!CWW5GF%@QOM&!3K:17VO,&;PJTNNM"_"9O6J$K05-5%KE_RG.:C,"5Q]K M]_-T(JS<4;$=L(Q0K^^CEVI32(;^K,,W$.G.OTI$%U)HE9MV_A+!Q22F]K&\ MD94:N9&Q3S*70V%0CH)8%MU8"2Z%X>$D(354$][@08G:E.BN>C.>>)9.G45O MMA.0'HY4[=)(9X(\R!T:*=#J[EVD.I@J^P-XK8\X&W"0TNKWJ:1M)9&(LF>I M:B+2*OUU%)"@-0ANZ+)EG[^6K8%&;YX+X2 <@AT*@?N5/(XP+]/5 M0*1Y!=X>)I?+BFM" XTIO2LO5#,U')PLBY]:XC 'ODW,6[%-DU7[Q"O1D8 MW"@OOUCS_I_& (9?K'NM%VA>[,4I-F%EZT"VM)4AT)NG>(%V1)N$QJ:\D4JO M_/3HB5ERL6WS&O3DQFN%(.;M7FEG@+/.I_+4!*N*C&F$C$/@HI6/ M/038J)DITIR#\G%\6[&ULU5UM<]LV$OY^,_.Z'2VE9@8WRB!*'E+BW'<]'% MR3,*3G[]Y9__^/E?O=Z7R_E$&7MVM$%NJ(Q\9(5HJ3SB<*W0/]U808C\7F_7 M^G/RG(_*\/3\].RGE\\OK8!(>6XL0_XX>/G+F/2G>"O%ICW'HF?GO?-!;W@V M?&UD>JOPT?*18OGV&H?(#B/?94 M(E#F*$#^ UJ>)MTYV/WK(_WGCNBE$ .[P<>G %^TUVE@][%)#V^AD+T5[88$@H.GT*EB?$&HJ2V,/W'#1' M*X7^_W:NOSP3;QQT:GN;/OU#?^017R088Y&UCU87)[0!Y?ML,$QZ_2[3*'S> M$I\,\&;K$.7Z!SS1#3P'+ZGC7EH.M;ZY1B@,RE&4"$I#-B.^[H9K%&+;<@Z& MR>RE2HQ6V<7BH#O">I>EF!>LKQWL\F(9"!W61&OZ]Y>+_Q=2^:D\D @?EO'&:UT?A$2<(GXD#T'&WI5Y= M#H4O4Q>/[I)X?X_O'!0;O=0LO/9U<0\$+#'%GJ 6(H0+3^/$A^1 OKJ1P-HVEM[HA?H+\CHJ#V M0+4LY8O3ON5N%]-)U! 2U9(B8)U>! 6 /)N,#,0N5E[1Y6 MQ5NUGR:S9Z G"D0DH"GU0)&,!#Q@)B&R$M8;0!++)>5A YNP0A<-[BM710D0 M;7;?.?,44)90+BQM5[JJ-2MW)'-E#!Q,%;HX MK2&;-*'T? .VP [_"(>,\; MP'M^1+S5AE[%OAK1,36-B3Y6%]I8N50GZG2D M*>8G35N825'E'JSCV1F #JWI]'(EE#M\<>'FR@KNXNK-*.C=6]:V3YC]T$=. M&.P_Z=%/>F>#71'G=[N/_TC6D*/(]U,%,(YUAYSXL7_LVN6:]=N"F]T?*H7- M:9Z%GW(-U;<5SU\B_^+D)?Y:OIUQB&*U[*Y%/Z#[N[2;'B:<[^57OK<1V7)G M.0\"/&UE\M03Y1'18N6+DT&+G-#J03X%R5\A%C]OU>)I+3IFX&Q5&&]PM@C0 M"-?(3U!,/=2O91SC.(500XBUL;=ZUHPU[.'3+YZ^P2Q2#IS+D04$J60 9$E;RM M$#A5I7IWC"B2P2,R!830#)/7'D20O)T3,$%B?3M&CFK;/@FF568\@0B((GD; M%V"*2K7N'DNT-!:\2..U!_$C;RNF"C\"?3M&3DHKT((?2(.\K1<&X)S]OYF! MD0*Z/]/.O'8 1 A'$L32478UA*KQJ>LH9U58.IB7HVQ55.%%T%! S\_]O)(3 M\OL1#W/9;U%)G>R>PT]VE3>9WKZ7?BQ=\GZ5E!9O15J8"_*_&VU*-#"N%&.F MS=6%3AJT=E*]T\6]S[\^@G' 5&S:VL"GKY&BK[ BPV:,'I#CQ:7X.V!\%4K$ MVCW!YE*1&_X@W3LV4=]8KG4?CX@KA$II8K=N][0;RHY(TXZ1$N^GQ2^4&WD; M"G17X<.-H)SV[1XQ0XD1:]LQ:JZ12[1RR!!7EQOLXB!,"L9*ATZI8+LGZ%"R M@/IWC+4YF8[=2!1#7UNT>V0.CS59C1@&[[5I\1<]DE+6B1= $IATXW;/FP7X M\\4R7,:Z1@FMZJ'U/%:P3K0JG;0$(NV6A^F;K85]&LQ')'KMDN-PC+YT?"@U;/KRN.JHXBDH?3M<6=@WWB@SFN,)! M7?X9!6%R9WU_1LN:T:@L3+3E,^E*HZ:*,3HV4"ATFAH8KFDYR%CM7T,P>C]$4[\D,08EL4[6ITVO*Q>0,& MX:U[&"ND@Z\(2#R8EF"!TL'4K4$Q)2L(P&H\UZRYK(>$@0<<9[^>_V)E3IK# M:=ORJ3K3@NE<1JABQ]SA!=_.:Y-UBK!HBR/0\BFZD)4R[!4R_J,?0\,5JS>M M==$OJ49J&/KX+@KC]WQZR<$R)#RSY4!DRMM)@*F5OPK!](!N\45/;7RT)J.* MK-02M 2VL2*^1GYSHF7\MD<_MG1&:I?@U-2GMWE?03C4_*5<3X_?VBEF(AU)MXNR(&.7R^3:@ MMSY?EA"J'>*'DNK**GTTE[.6?N="+F\5M&^WB*4Z!>F\%OC5$YV)260J]%'\ M+MKD_[K+N%(A3"4@XNT6OAS.:#4MOQ&"G9>.O9X[5LNRZE-FM@.C9$FV@/8OU:7S\'+.KG0M.5JG :6_ASM95N^ M:D$=AY7JW;1<<%./L4.MUK')+ZL&+389XR!.A4F\W>!H(XA=Y:(M%^+4CV-0 MZ\@>H[D:2FUSAY9+>I<'5A$,%V^Y@J;>F*QJI8Z-Q==2S-?:OM?/A'MM -&6 M*X-JCT6P=3K&:J?*5SN\)]-2/2MGPMW[UUV8++.T9)]WWR7F.UK:01KBXK]M%QD5'^A<9#=.D8^QPI7V+5-B4#T((OJ6'YJPI%^X2V;2Y -$7P%$/^$K?6A_(*\_^I:7@._" M*XKKV+%CWL]6)O4"WZK\9T1!5!]]KZPNU0SK=)C5]"O3861F)4 <'GTW[# . M6;;H,'7I+PP67R\42X$H//KVV&$4\FS2,1ICA9&/O67^3)A/HD@&1*&\?;!R M=8II?U7.NT5@VN<86SOI;Y.'# *A>'?6^[^5.CE!AA]ARDUD_]LK$Q\[^(5MBEY26%9?&'$P79:E=1-@Q_I M=T_BP':\(/(1^<687ZM3_;_Q^S%_2+TJ4U&G8\6\O;E1YU_IO0-3OY[J5_I( MG2X4=30R;J<+?7JMS(R)/M(U4\I=BFN/:#/R2 ;GNRQE?LHK3;Z[2SI3!]R&-235-;*+/;^>B3:FI20&4KEEB\#\[RL&9S;:;J M8T7[,M.FIB0"][,+VYG1"S!2,.:_KHR%;YC'IT\7 MZO1:OYQH";]RS)=.G!:^Y0:6'<\ +(CG>8AS;1)?'YJIU(Z+N3HUU5'R%EP9 M6)EY>@K?VSR^J;'03(+NJTJL* 52\2M2GEG(WN61C;6Y_IG,@I\U9:*KE_I$ M7WR5=%>LN"I- 7N?!S8R;FZ,W:TV61-):D>$A:D0/\@\!;"0DS1IP2CIBS4+Y( Y;^& MG(6J$$FH7Y( 1^RF:)^I]:1 JYE)"C+*82'P-)11*F_V3Y5S4;>F219T_F$: MI!#IT@:I8X_DD7*LD$69"A]X(;"6Y2MRE4BE 7S,C 7<:S(@%U_-.#-&H84=IE+R(N_NH5TVR)2Z M+1UJ+,L(0W 3EE%>'B_'1NF=+XC"A<"(I6 ]9$W_ $V&+$T*H16NR; U3HJ0/GE!RB1"$F M"T_-CQ?0<@?7$%6*D3E_D,V'OZN?I/_<60'ZY?]02P,$% @ EHM_4H#< M^[@@2P 1E(% !4 !I;6QE+3(P,C Q,C,Q7V1E9BYX;6SM?5N3XS:2[ON) M./]!I_?AS$1LN[NJ[/8EUKNA*JG:FJF2M)*Z/3XO#A8%25Q39)F7NOC7'X D M)%YP(PD*@(K[,.LN(<',_( $D$AD_L=_O>S=P1,(0L?W?GYW\G6@W0#_=6V$$@O?OL]9?T^_\-+C\YNJ;CS\<_GYMA9#* M]Q(:^./%X9<1[&_@;P8VZCDA_7CU_NKB_>7'RV.CI;^)GJT #*S WCD1L*,X ML-S!&H3.UAM Q@>I0#\-1LXC\-:!-?CG-X,E_,ONT,>-__@:.-M=-/B;_?3\=KP;7<>AX( P'2]^-$0OAOP\FGOW-8.BZ@P6B" <+$(+@":R_2;MS M'>^/G]#_/$"Y!E#!7OC32^C\_&X718\_??CP_/S\S?/5-WZP_7#Y\>/%AW_= MWRWM'=A;[QT/*=H&[S 5ZH5$=_'CCS]^2'[%32LM7QX"%W_CZ@-FY] S_'4= M'0CRC;_[D/X(FX;.3V'"V9UO)_H7^,* V@+]ZSUN]A[]Z?W%)43SFY=P_0XJ M;C!(51?X+EB S0#]_R^+R>&;SMX%W]C^_@/ZX<.-#XJ'O.FLTQJ\M%P&UW $0A7PN.(2= M<3:'T\*+=B!R;,MMS":Q%YD\+R/XO\B$A+/-[!$$R5BKI59V#UWQ>K.SO"T( M)]XR\NT_=KZ[AA9N_&?L1*\CL'%L)VHJ@WC/G,1YZZV6\WUO!ZVRSA ;?@=JQO&AHVW[L1=#(SR%SM@.XZN^W_OIXL&WWY6F$F;P!@0!6@\$&""W;LM#TMDR?@CMP'E,1IK@ MX. 22N'L5RN DR!*UA?T[]FCT"P2H94Q=IPH6<7A%^#R@I8Y>"H46$,%2-O; M0?B?8&6]\+DA-&V-'1P7X,\8"CA^0E)R\:*T5[P7.M&>2/;>J"4[*S2+NY:Y M^!&IN[&5B/FB4TC>EXEIDTG4Q1Y-2$E<0MF[-2&NF$0R]T=BT-$I.M@KB;'$ M)>QR;19C4;P'B2NA&&M4 L5V>00BRW&[-LREK^@A\Q0-%#2>3R-\Y7,RO15U M11*AE;I^"HXS%DT7_ @K3(A8\BHOJ#,V53<\">M-D+R+W8BP^KBD'7)70Y'B M?00EJDD/6$5<7#=FZZ)@O861%Z;OR'M;EMVX_,G?/@B.10=(!-]P1R*+I M@!]A)$5H.SAO"(+(I^R.-V$5UNA"HE^Y+I<"I'+]SH6O".T2^,2=>:7K:K-V M1UV>C 4G4XTN3L MUV+6Z>,$_%Y*X/?RA/Q>2>#WZH3\UIMZ-?N2Z.L1W@C3 M*.3S(K#]I9+(YZ;&II=+VN%=6I/ULV97LF^[:L\407HZGU9@8U9)3?.?I\0= MXG!&%'#X7<+5#G81V/$#>+]VH#I12.J[0?:AO"X.O3A>] $V_9"U^4#LH&NN M#Y]ZO_;WEE.3Y2IUY_PFWWF_!_L'%()9B]DB:=><6JY;C[^$H&NN/#\:UF4, MTYQP+(*-%;M1X\&(R?,);3R.2,4^N;Q<8<5% M!]4]1=BP4-@ M?[/UGSZL@0.5>/$C^H_WZ#_>?[S(@I[_#?[I]^3KPXRG-/H)53B(?(3*70V7<[N)J/A:CP:7 _OAM.;\6#Y MRWB\6C;4*E;JQ@H?DB$5A^^WEO68:A:X48C_4E9Q]N??#_Q!K8 )_,^0H.NL M,:GM!^6,%VZ#&4QG[8H,'T?%,"BR#BJ[SL>SZ383]8 M@^#G=]#(?(04B<7YR8:['#AJQV[2$%HML,UB*K/?73\$ZY_?14%<$5D%1C>N M%8:S37(B&+XX(F.L2M(E,8^LOO M2Q# $^,0+O!P4Q&A&Y^BX_,^VW57@$'4HL2=PE0\'5 @HH\UC$T=>; IN^@ MB9D'2-\/1<$0H3<,#Q&1,"27"@U:>E?*V+QG#(@'>(>EB;02MC%&J+W&>J?P[A2J_1*)D M*'U2B-(LVH$@8\GW;-X$H30W"!.*!!D4WRNW43SC9)2R,& H?'%@T9N)$.T)4/6NG-%[I8Q44(?Q6#EYUXAB,P3%HU!L+#$P-"H/+%7P^&%P&%2F00/4Q ,D,KS M?>XEP')GP1E>B&-G^!,Y= :!Q!,%PZ3R@%^\"BNP^0#6UW'TQ7/"$"Z97RTW M9D2FU.W'(!CKBH9A5>DLR#^X*EEQ=$?G;!RPYEK+6IT8!&@MN3":*IT3>89K MH68Z.A44]'(OU'$K&(4!8U.A--(KQY>0[DU5>MM@%%D1CV5W'YJ;?)\:C\X@ M3'BBZ!"@4MR?U-JGF;X9*^ZX+E7Z"G*;?0X$U98&Z;_*/%:^TOO[]3I1F.7. M+6<]\6ZL1R#-I! 9!094!(Z+R^+] KP ]L!Y;@>=XVW!HV_$^3O;: MI=SF57!$: W"240<#%DS5P E]G3EP^&P]!^"I;4!$\_FIIDOQ9[6H#!OA=[^WC\O;:G2D+\^:)D9 MM*PTQ.PAFGB0H22'T!?/VOMP,/T%UB,G3$)[!<+-1'LP"#5QH31XN]KD(<>9 M/-T0>*RAR7T9/-[/@D2N-(1J#H(DRDKH"HU.;!!60O)H\$ZV$M$XC*.='Z#9 M+P16ET^JO0J+T!F$F*I(&+W9)8=DBRQ&/SEBTJ(N2RAL\$HN\=8E% M8S@ZI=5)J5^;Q)_0"L4E-!PDTCIU=-N=_F;U($PXVQS+ I)N5;]EW:HN5_#_ MW8^GJ^5@=CN8S<>+X6H"&W23F)G,_LW.\K9P&GC<6*2\6-^)BW7SRW#Z>;P< M3*;PA]G-/W^9W8W&B^7_'8S_^\MD]=O@;Z/Q[>1FLNIOD?M;Y'.^14[G%-R" M/_H>FGJ"-\ED,C-OD\FRZ'")6>*,=X])::[7O3)KP)40HLBC0_9B&,G< M%IT3I#*6[G.A7GQ6_1/ZW'$R!R#=P2(GAW$7YPH>"KI>_MA7^VQ0CWJ7KSB=_/&2)5FE/-XI%$D?H"SVSIFQ+D?)]MJ$]^ M5GXE]DT4Q7;?,!;A=F*WBG/J%OUZ<[C=-]X8^J6YWS"6B@)_P55\:SE!LAO. M'I]A*_09_2_1Z8'ZJ->%*>#5DZJ31X\T%G*Y7%\3=F9IIN6O(*R/$J\ST_'B MR=?N;61-Y*:^1^.GV1P3Z=!T!$5D;%=%003%SU#.68$1XN'G:-Y%D&S0J9%H M-I"S7?&%9HBB)Y]M 2SW<29XE<5J5WJA&3S%/5);H.B]G0ED= ';%600 >\: M>,E=GN4>OWL+K"@FOC.J",,D-Q(>ID1:5%( T<2S_3VX\T/&K4"IF0E8D#G7 MH=X!\S(I^=]K*P3K_!+9\+*-UIE!^#623X=Z"JQK)TD@,_LR'V.F>.T"W6O< M!2557.=Q8.^LNK<+-&H3H*DE4+NXW*9@U+Z0(U*?#1@EAV'#P%Q1,%;^$D21 M"TIU0(?>.BM".7Y!LS6ST<)3IG:WQL)76])VD;S2<:TW^VIW>_ZXEN=KMY$G MF*W"43%EK>$49?5D/'HLX3H)#J[%2;.YQ^KI+ $KS[!N8U)(G"#_6?O9E>_E MK(#*"]:N($5;D-K/J'PO9P=2>29U&XF"N2A= 36?3(R.C(>*(5N[&A<2T&HV MJQ@=G2-:I;G5\(%XTSB?"C>'?2I^$]4NPDN\?V.Q;2XRAKQ;OTE]_MJ%=8GW M_X8@+\]RJ=Z9+"GX!36R[. QNK'"'7-"-^O*%"";287+6P%N'7-M*P:).!Z8 M4D"5[AD.%O/V3BVY479]0D*!H 2VPX@RO8]E <5YG#], X _,=L M\7DXG?R_)/7GO^>R@ Z&4RCLE_O[X>(W).ER\GDZN9W<#*>KP?#F9O9ENII, M/P_F4#$WDW$GXG_VH3 001L$'DF6'\JR?)XAEB!<-^/%M N."M?'))9^++,T M7"['J\'\R^+FE^%RW 5/<*8]0LN(+\D(7%U\+',U7XSGP\EH,/[7?#Q==H/> M//#AD(U>X7!%J1H>\PM5GKF+*G-H%*Y^2T8@2M,Z1].M"Q;A4=/RMLA<)< 2 M=7=99F\R70VGGR?7=^,4W$Z4E]]KK ++"RV;EN3WXJK,X6)\EYBJ^1!I<;48 M3I?#F\Y2^T[]". [6Q)[WY;9F\Y6XR5D[K+9#WLB*OT16?\$-J!DYZ)&(.LLA0D;,'UZWIYLYC,TQ6M MPR%7>.V&:S)G1SD2OY5U(N7WU^$"SM95MO@F?YK-.TS*O=\[4;(C@BS#A19M M'H!'V3I<5E81-"XGJW0OA!B&"R_:$XRG76T(TKCDE?5"9K"RDDRFD,7Q8#7\ M5S?\H-$)_HQ1/M4GI$424Y7U XU)N*I!K0W&7Y'N--PY,G:0EY7E1M(.5A;(XF8VX[ 3!DN;6KKV M*XME>6O;J1Y)>URJ.@F+*&FCVZ5:RQM>*J^5];2RZ^V2S?R6D@Y]90TM;"P[ MQ9VPPZ3R>559-TG[S$[99>U.Z'Q7EE/>'J53&7)K/YUEPF'MN /HE+V6R\L( MI;YUB3)UM]YF'^U+GS1GO"]]HFWIDUO'LSSTD/18G)A=](1*8%2Y$ZH4.A0Z M25Q9&Q DAA$$3]#V>=O9AL!SN(*\A.2?>%4XY'Y%B[(JG,%<&@-R%:!#'1;S M!HY&55_4#9X3E(FA7-C>@2?@SCS 3!)?;J3^XK6+<9Z_LBU+W,D[U.0CJV>? MK_MB^YS$G3P[33\"FPB,_$*SMZ+_O,PZE'JINA(<8JAIUI[27#UZPD<, MB@0:%%(X-]F2(/&9*2 MY(9ANOEEN&$&A\_W#IG>(7.&#IFY:WE3:P_87IAB*Z-<+T76=?"W8(YX!]]R M.RU\'J3Q0M&X3JZ*9CK7R%U06^_J3OE#SXM1Y480)4>%Y/E15AZ*>?P1H%._ M/2,/I/R)1D ,'0K +D (H.@[N!\;H3.8G]R39W?[] G"(5,/D/ BSI%$@Z// MO>/Y@1.]XL>7LVE2[3EYDA/!?W G'HS,),HXH&I2=2YZ@C. 9T$,'RC7UO6K6GM+< M($PH$G111NYV[=CC%QLPU(K:59N9H$XRYZTJO-H!S<+ M?[%*'S.)3(!&1(Y6%=BD@P-W9[,@$2Q-D@R'4<*R$$AT8C/!HLO3JG!:5]6L M%P ]L4\+H"\?78>QI@@1&P2:D#R5>F>GN7/)O\X5N4"IO"8HO-;MKT'Z:Y"W M<0W2QZ42XU(;EFM\J^&%FMS1:!"7V@)2K[JYL9(SOH;/5K >0?/* M7B)*S8Q:&$J\ZW"%>V")-S$K#;4PRL1!0]-ZR9I^:Z+>-;)I#72?-T;?G?3Z M?)Z$]8'9!II5:$R95^:4MNH/TUV'#5,$[R03\3\L+[:"UUMG$P'@K9[]U@2^.!D$/4Q"A.\EYX*,\ANOKUR\A2C^=!1![VZ$= M.4^<>/PZ?1B$8!VQ-(AX0+F+ LN.5B#80^.>U,AV+6NY<;F:!9$M_ER(73^-T+N7L8>2,JF7'*V7L.Z1^Z3C D M:Q!SZSP!P9Y J1:&C#/L!- J2:6# M1[M+W#0RAI*Q4^<1+]:'WT*.T!?8;\F8).K/M@+/R)@2=.+HGHQ6XQNF6@LM MU&M1>"+G%5N0H9,Z=H?THPN0,$,KHT5HIUZG8EX7 NL:^(YQ\/^-OT=/BM(@ M=91@=9M(]*L3[2;>&A7(B2UW_ *W*DZ(KI)LQK&[39\FH"E!S%:^9I;-#['] M0X4J432T!<*T3![+[+.H3$!$2) N_,3DC^)O,NMMBI&:K?VR-*W>R$GR'2)6 MKB&/M'E[_7IL,K=>DV@N=,>;QJWGKMIGT0X$JYWE%4H=3KPY"!R?\6SF=!R8 M,'A.KA0-'A@FDV6R?[2< +%\ P7;LBYG:>T-PI.82R&AO M@H8Y(K1Z74@K(WF\?YUM#M\>/^%GCA1%\\E,T3=?$@W>#>9J)(]B=.&;FL!T M,<9+]6Q3K!E'>8PFWHT)$#:33(=7A;E-57*4X#\ 99"8!!5="AVNWE !WV,- MY5G@;!W/_@XB@9II'SO^D]C7R0.VJ5>EI-DXG6B-MR!C@(? M+9YD'82J:(NC#N$/W6&I+J?NZMF'^]D0RHM"W?$6C)U/ET.C<,/99!95=Z(< M^71(LDOQR625&9Z37^H[J\KD)AP=ZDFD02P!TYW6'+L*O?G@5432X.T9^0:N M[C6F6>A01"A'"ISJ9%XMPDT_GG];*<=,*\/=E\?M#[K&''3K/\#(9@T*#XWR M4^?Z%:5)X#P_$B$VXU!<1R(M'L[0&$5L M"MH] M*IO,FB=LJG- *5\#Y<2)<1A^(%;TP[<7-1U"?0Q$[QHZ:]?0(2[[^C4)X;UQ MK3#DY*BGDQCE!F+(H8/SY\!>&EI]#ZRDE-K,6P [#M ]R;45.N$7SW\(0?"$ M!)UXCW$$?_8]VW'3+4]>-IZ?H;LO:N%FX@YUVOB0K@X=/%+G,[PT\GWI,L1. MX";K>&M-]>/P-J7Z.'*ZGF&BVW2=(ELH?H-.?9B1=9WA8]*DF-!2.FX;)\A)U,5\/IY\GUW3A- MI+KLPQGZ,^LYGUG[<(;&X0QJ MC%H]?,([&3&!-#A\T1D-.=$.?,JSP"LL1CRHO)5G,)D+)ACN_2!R_N*X+YKT M=1YX4L73X!:?P3;S'I]'=Q[(*;S+I_@^+DC.CRMQY\?@HI.4"Q1NF5$'W];@ M.A=PT 'WR5-(E!P0[I.28HJ6G;R,%)'BN[(4B_'=<#4>#>9#%$"Q6@RGR^'- M:C*;]CDD>E_4&_%%T2;4]6O^%[9+JDX?1GFFZ@BF@ULCSQ7/BT%JJX7[J?Z( M9*"F4\1".W0T,D3?FZAWC4Q1 ]WGC=$/ M)PT_^&P%KY\#:V?MF2$'U6;J;UOH;HA\5$&5I+[K_B=XJJ7KD\P]UJG4$G#C M_:/KI_6HA.JL,MJKURZ_R"J#?:S>9N7=:)5!+>]Q!P)P9SU_#OSXD:E;6F/U MBJUM$6BB8"4WJU]&4S(0+A-,;JI>P?R12^8"S)V#E^L7>H+*#8@&63J%E2;.O8?4]\&$?N85FUFH&:K0F"52CVIS0/K#ROJX"Y@LUKCM\"B7IM-QC!!0FPGJ4>W[Z"O>"QN-).O48;G(HK4F"M2CVL M58%\]FN.W2.!>CTW&;E'_K&&)1_6[*3[9(; CZUV?AQ:WOK6CX,( /8>6)18 MO>8I-X5%FRPF3.[F3>+9P]_#&96@?ZPFG%2#IAT_& 3JU2V6[Y05H\N:3=Y+_ +#EQ1&!:EU,84?9;8+C^&E+-& M/D3#302"6RB,]02&>S1AJ&LBN;$I^J3QCX,]Y>:W_S-V I 5C:/-_%(C4Q19 MYAO[VA7&2TW]"& [3]!VUJS8R@1U$QG'V^6NUZX:"Y89VJ1SC[>^'>U\LQG# MW_$>&IJB3A+OF3*;G>9DY?7<@" HUH@&$4Q.B/X2S:(1^&Y:62AE]!&*'$(6EY7@; )^/ I"%S,J7@ M0=CLJ"UQ$#[PI7TH2YO)-(NC,$KB4K>_ F>[0_F$GD C[4+@&"!?[_QO2BP MLJQMP?Z2,QY/S8QI0_/4^L&C5*IS8NAY\ MH"BTMUPI>:1OJ2C,3T")SCO78 MS$TA9[;G]J3I$34MYDZ?D50"$W#@R8 1:>;?D(4(=H+/-@F+(Q#:@?/(SEO' MIC(*&Y8@&""IM^.HV,.]%?P!HJ3DPVR3&Q\4,\0F,4'=?"FPKJ7Z3@[+RCP M7].ZL^E2Q/3^<:E,T3A7$*QT^1?HV8J/UG#6M7FAF2EJK7*.]2CUFAR"]D31 M7?J3*?I*N6V7MHNVC]MN ["%3,PVP_4ZD=YR!::X )TIVA4018=Z/LFD27<^ MHQB5-$I/H2F+B8,R3'AGIEP4[L($\.I+I4-9[O3=E[=>H,MCE^O#HS0W"!^* M!!@+E8F*/P,/GIY=R-QPO8<:#*,T@RH7%2ZA0?AP9<%(J3SXYHX5L\T="$,_ M0.,*SO:<]R2AB]0TTVW)X1^#$*RKF@85JF'>=$@56,C4\GAJ)=2#^>' M4J.SS6J'8P18)R46@2FJ9B9$F?>^ 6=&6,GW"$!9QN*B<(.!CZI"7") M2X/QDAIW_RLJ[P./["L?/S44V'SRB$S0NX@<6.,JC\'IG,7!8R-@!\BG@EYD M.$_ ZPBA *D)B E+@W&J]GY5F+D7!9+DIP8X9D\^1LGOHU,8A ^#"DP+LV. MS/+FT?$L?W!V'4=4GG^&+[!N/P8A6%N,(E'8%&8H'FN$%C1*B_\A[8=0&;N'.O!<:$* M07@3!P$@/F+%+B$ZB0FP\*7 N*B\P"_.UUO+IK\M)L[P/(5!J-"%P*"HO,DO MD%Q, R2 ]*/3M(L M:\ Q'F+ETR_^4F>K&+$I0(C*@Y&0>A%>VC\WF1?UNC %E7I286Q4'LV9T2E3 M\)S\U#1P)T=O H(U1:J44_R/#R7AX)?^2'\A_% 0&[Q$P%L?3]T%P='(^L;V M]Q\2:?-94T8@LASW*(@3(;*/\/^^_31X/Q@Y(2K@'@< _F,Z6XV7@_GPM^'U MW7CPMXST[^_4C3P:'J115FVK<,J0JMXQF%YU'_M@N:Z,@5]D^/#JY*- U3+\ M.QQO8/WS.[@YJXA\0HSJ%_\6KMY+[*-+;$]5'ILHF ZY3]J5I.]X[6E9%[M- M.?JV[\)T0$>CTHX=()0O_7AUTM*/>5[R.P9F?F >D?I-G%C-/9X<.F00REWV MB*7YHQ*H1Z7FJP:"#%VD#TX^YJ7GK^GAJE1 X8>(<@%B$Y1?1YXN,@CGOX 2 MK:&CA[T#Z]L @$-.FRS*AP)'O2Y, :6>5*T2#7?AV/_B67L?#J*_X$$9GC31 MC= \ 'LGWD^!\)48IQ,3H&PB5ZN\Q_*SR^963'3GZEIAZ&P.]?JQ" P M:\E5SK6LS!%T"*#)>X*^%_,$#2YZ7U#O"^I]0;TOJ/<%];Z@WA=T/KX@>-YK MY X2H%._HQ/S" F(TCN%>J=0&Y^04:JO(4[O$>H]0F).A%K. M.= I6X=.6' M_RD:%RA[%\D)\(.@$^#02>\,Z)T!^CL#PB#*X0/_5<8&_NGW!VCCRHF(GDY*J'&1N.B M@_62A4W>MGW2V;;A6O9LJU9L990]*[*NPXS!'/'F2;F=%E:+-%XH&B]9J4_F MZ5PCBU1;[WD+]+W.%NC.M[R5GSQ39ANA2D.C[%"%^QPV.NB>-S,(3;4P2)3A M0]=^R2S]8*K^-3).#3'(FZ@?=391RYT?1*@L$=KNK>#7V(:*TMPH6 M/FCPI@Z50 L#QAQ4Q) MM)A@% [KA%01R+2P@@)C3PRNLD74)BQ1%F :64?)H!4LY:6!EK*/':XKF':S MM \>)@0/7_31PP9$#U]T%#[<_.[Z'JIY'^]9M]>E)@JCOLH7_D4$JJP>3)?$ MR& QK5HO7*T6FVBMU2*K!ZU*#2S-!;$.'RT4),>,<*VUY?W!43&JJ7KWDBZ)R#:@JYP>%-GNZ2ZO[?CV<6Z^0 M?7<>0/22Y0*Y4>&_MH%%-P%)274Q6O4JISK!"P7BQ:0YP" UF>H4/%;46!3CH47)UST-6 MR4,&2FC>0JYA9A&IU[68B6;)<%"WU/2G2^>E^)[, 6Q5LPC4J[GVD&:)<]!X MLZ2F%(VOGOT:ZJ:V-E#75%E:GMAI)6[].*BA:7IS U5-%^:@:ZE/$1EO4F=> MXY>Y.5*],&CT.#55RO< 0FA#BPAVPD7K* M[-^MUWFW?BGU0-KGCQ11N=S#)S4M'V^T<\C4J[W.,90KSD'[4L^B]._"+5A# M '*49X)!3J(##%*/LKCR\?CE$7A)Y5"2":0@(4JL 1A"V0!$Y6F5*$/.W5V) MU3R3]$L\)I$)((G(T47^C#ZU;?/4MFKSIP;.4Y)>X=9Y045;TW&SL-B5T1A$ M)H D(H<&^5"+E75G@;-UX(A*K^&.K/(JWM?KQ2CXZ@A63HFJ',^^F#074^%B MTLTVWIVF2./F'N+1&80:3Q3\X$PA2L,T][6%-)B:A%(2;#I0 J0&824@#7Z? MILW;_KZN\>'Y4T>Q27/(LA.&?I"7V)NB8(X(.R8235.ZS3990;Q8L MG.T.'N)0T,^AAB/.MI?]&C(V"@V[,P',=A+JD%H5;U)%]PNT]@:A11/AX+E3 MF:33NJTGC' MVE3I7O@,)0SO_# $X):K?%<5,Z G8 K,3W?ZQR+[8I)Y(:A*N M-!@OJ3>!(Q#:@?.8GMB0::8824([$[1+81VK4J77('=<2#Q3-7PZA?8FP, 1 M <.AVBO ] [R[BV$R T"2U BC)UD[\$AU#EURHY?[!UZ<$7U'E#;FZ!QC@CM MDAY38Y[6<1(2-RE=LM>\8&W0CRF0-! -0R6_C ?^6B4D0N#^FT]K"B2"XF 8 M5![Z\[=)B;=H#H+D;_1%A$%B D!\*3 N*L,2N">H%D=.HW 2D ;C)37:]O!X M*76AYH<+Q8@Q*4S0.%<(K&BI,;:WEA,D#U!GFS$48+T&Z^.&[A9844PT1LGS M$"%24U0O)@W&0.KYFK*'*&\@ZFVNJM2F("$L$ 9#\M-16IROR.ZI1&"*REDR M8"U+?3&:FVWX>NPS^E^J>6<1F*)EE@Q8R\V.R)V$+%_[0> _PQ6?X6!ED)B M"E^*#HK?M'2 ?_&L-(0&K''DC*@#G$AJ$$X"TF"\E!8M)04%S.((URNL&3!1 MH#0(+;XP&"R51W!Z%.\H!J/#E>G(>KWWO6@W]-:_ 8OT\HD;%8FX=4&/<>MMV%(*$V#@"H$5K?KQP-%6ST'@^&O'AFPF_PP+5=T MY:+3FP!839$P?/ILV*V1Y$RM7!_;%3K^/!W61X/;F;K'X[E,/]^T&4DS#, MJN#[W<=:G/>%?/M"OM79K&\AW_H!I&^RGIW28GR*U=G-,#I%GCL8].):9>7<+S10:U2*&B-KLY2O269M=^GZ MU,%8B.LT;QR^Z\8XU'U*/-P&(/FL:-D##KEZ3Y5($FA1:=K=EE&PN(?R[&8> MBAY8[?PXM+SU%![#(P \)@@"=.JU3UGU\^H7D*/=Q1<])W0M?9NN9P']2KUI MNK=>5[!!@W'-I3-"WP)RM+MX8MF3-,7NTGEI9%5$J W!0%":#NZ0^L)7E0N= M4RGU#=2]NE+YSC()M+ZV0A3SNT%"CJ,BAR#LH7E 0LS>C@&PBH 8Y;_N7 MG+5?>*UXX'ZFM M%I&4W.%%?I];$$2'@-9V8.@0,24-$%6AWWVT910#,97K_F?VED-8E]G(,1)0JFVQRM,S%-L)Z,$P)'*\>]\/V,JM-C-0KU4AL$JE'OC&^T?73]]>"%D,1GOU2N:; M" ;[6+U2SWFE2KR\19#>7+URFVPP".O?]U+/?Z7/\7!>M9ZODN_T2.LV.K-E2O79&]695OK$F5+[F'ZW6B M*\N=6\YZXMU8CT[$*M!$)5"/@O#C,JH,&B2)*E99R[;T8'U\>ISF#. 48!+K MP2#(Q(5JE7.IKZ*E6Q4MI0\W??N/M S[* X<;YO6;DO+L^#*V2(]&/F3B!R3)^".W 2=.K9&5TZ6=.-I4IZN8*HD/&(M943/]^ZP=+ M$#Q!Z]K46!'Z,0'#AJ+ID&J#>W[+<]_F<%OJQR!8ZXJ&895ZQ92,K5]11B8O M"I<@BM)84EKX$*VU"6IG"H"5J]*-P)SG4_"<_-34!.;H30"KID@8/@W=!\E^ MISEZ97+SP2M+A+%3Z21@CK/DQQE.S <"VPF/Z?-J3D-*7^:CRA0/0RSYKFX= M)Y=:L\(5(27;+#ND+V87+RXF'^\PNW,PN2CVC?687<:ETR%/<9W9IFMGE ME*F,:\/Z-K.5*IU);S1;J8$98C6R3ZVRE6J=+[FO$\&H$Z%TTO1U(C3*M]S7 MB2#6B3AE(F:A)!)DN7ZP5PLM+->+?#(6[ ?3YMT#YWC_B,(K9V<5(#=7KM/;X)8G127*5 MY$9^_ *A1(7#A 8PFT2]LOD#F"U!)TE6[AWX->#>6=[C#G!R+U':JM=L[6%, MD:23-"M]&M/J.*^=QE1N1I;C]XNA-_46S-J]J(='P 35%:I=HA?6IG#D!,"& M%"B]C.6Q4Z.R"-3FE^5Y2BJ[0XH46,]2WXSBS,\C\ 1<_Y$[Y!GM31C<#/:Q M>J5F\+QU@C#*$O!\A1^+ TX.6A:!+L.8=FPNO'UFR-'NX$_+N0Z7D3 23W7( M:&_"0&:PC]6K,L]3_0H:>/MP#M4S1&7!2$D]D/8U3)K7,/E!Y8O*D?/DK(&W M#HLLTN<*E4 ].N+/PFDR:)"LKLA2^FI@&$<[/W#^8CV)Y-$9! ]/E%;IZ$2R MGN<_CUYL,!.9<.E,T+R@*!IDD.MSC8E+HT%JN#[A7U<)_Z1Z"_M46>1469(S M,K_)-'U]+F;-3*]; MR/7R\8EII%D$IJB9)4.[MX8T+1-.'TO?)1V]$OZHS8W1,%6"3M*AD0!-,XW7 M&,68P!@=,V1HEQ>-EKDG286RP9X.BFHKK4S19X5Q+;*3H:E#V]KETT 8M+$C ML-TNF1C3Z@+/!N'06R?PPB65ZY0\VB\>J0G*%I>FDVQ?ATN=%0CV%&67VIBB MU1+;[7)XT2X#D9O, X=\5.&71W@4.F2ZSF<*9FW:ZG=C"@CU)>LD?9B]"9 55,D#)\^M[%'#^>U%3)SFK#) MC 6K(@G&Z'!V/4WJ.FJ]A4(6.X>_ M#:_OQN64=DZ?TZ[/:4=G^/QRVH77K_E?&J6X(_9AQKO>!H+IE@"O3A8U/5[[ M-E Z%S5=T]W51T>'][_=(61,;%W*(BLK1Z\4 -"2/6Q,R^R;S\$B,U!0 Q:;IX MSD#[YLK/&U)TKR-Z+=FJ1U, :R5DJ\<1\G%D7EY*Z/<-8%JZWI0:\,*V#8W, MHSF8\.3HXHE#*&^'HTJ&WCI?RS*[:"/=V'U+OK'[=;A8#*>KY6 XQ16H M9MGU';ZVZR_K^LNZ,[RL(Q:^9#N?&21&.9\9(UEM (OH>*VL=[UA@N-5&;,Y PXW(#N,0J5FHS[WL+I5HO7*46FVBM MU"*K6*G*'V->6_"TAC*:0JMGIF"[B.,T[&W7]:O3&K]W2T6VUT<8F9\/3 9_NA#MOH]>$5 M[4JFPP^:,%RZUD&K:U8M;1+[>5PWT\^XYW8G4(,&6?$Z,;)??1=VXSK1JX+U MKOSQMSO6R/K0(;>?3#D73OC';0# !)X> Q!&)QQRY$^_U0%'UD;Y1EZ;^\)# MOL_\A>%WC2\,!Q?]E6%_9=A?&;ZM*T.EC_7Z*T/A*\.SNMK5P=O?[97A*1_P M]5>&74R2_LI0\RM8'8Q(LRO#TSZ!>]-7AC)?OO57ANT>K/57AJPKPTNIKV<* M?MHY"'Y-9L?XY=$)B*5T*JG9JC3J34*##'-5,30H=-38:97Y?V9Q%$:6MW:\ M[33FO*.5_RD3QD%WTIM\EY9)]3E9*"=>6FREN[%3_LX;&CAET76X)V/5VLE[ ME[']9(V,!GV9A'X#\4R^E,JDN?6##7"2TK%#;YTLF$D/)S 5 I\V:?QTKXU6 MST3U&&ZYQ?57@ YW8#U\ H&U+><(/L'>ALW &QIZPCK1H,(55]:PUBK=T2"4 MR<0Y#429>FE5W4N3P8A%4CT>:_+QEH9D3=5T40@M9Y^?,X\G9L)*F0@ 4AK\ M';F6 \N.8LMUG0T8/H3)/RG.'QD=FS 69,G:28&PTGA:8"YNCES<02ZNP=;Q MT-^O+=?RJ!4B&O=F"HZ-!>RD[I@@-_BB(EG?J+[8IIV=&705^=H5.VN'W#BQ M&%+F7*FK,T.M)%TG5=/R!Y62#2>MQKBVAO@JV*Q74Y!L+6@G9=A$6&BV^ EV M90I\S:3KI/:;""N-UCRQGLX),>IJ)[4(7!U.#@YN1KFFNM(1^CQ'$ EB=E(K M3H2G!CL7D7[."3;*GJ79X5T/!SOW&D&-V[TE6R8,.CTTU2XHEEHI=QN +53 M!&[Y'2]T[/05%7M?S:4R 54A0=K%'0HKO;RYHZ7_)/-,H387!(I G238IPP! ML3VN*+&Y4)#EZ23(D?)QD=V.&*GA*)#W-)<'/XPV+UDO#T+E7K)^:OZ2];)_ MR=J_9#W#EZRWC@>GLF.Y$P_N-^)DO\A\QTHE,..1%T\*'=ZP)M7_-B!(3!L( MGAP;VMS9AL!SN(*\A.2?>(\IY7Y%BU>RG,%<&@-R%:##HUKS!HX.+^Z4#Y[^ ME6__RK=_Y=N_\M7LE6_^5,5\Z4MJJ/Z1/A-_" MN^LSRK/89_#4*H.GD<^A^PR>VH\U9@9/(Q]1]QD\-1YPS R>DA-LI$,;Q;M2 M=MK%)B9 4N7:Y&?-?3D#C64WS>_H;SJ;RC[&\K^AK*_ MH>POFOH;ROZ&LK^A[&\H^QO*_H:ROZ'L;RC[&TKU-Y1OX3*M3V*L>Q)C6A;6 MV29-QT' B2-\JA2W?X](D&9HXN0G0U9-(AWN[/J6POJ-)D6HZR3I+ MG J"&T9!6A,@K2%.)_EC^]3.FJ5V5I%C-I2;VYG0G2E(-I>PDWRSHNSD72-M MLSM7.CLW[,KRG2*I+(\9=HW$IIV=*7*5JHI=II:E,B,Q,7>YKW/#C9+FLLL$ MLW1>CJ=@R:L>L^>S@Y0E["E2SHIP)G6*4KL]8VBEYJ?M<^IW?/9HE5-?;L)6 M$18:GCI$^S(%P(;B=9+R58B7)H<-L9[."C+*,4-N6M@ZG/"\:@W[.D?0JEXW MN3%F=7BI=304Z^D<(2L?"B^[=,20.9%5\.!,CH-"LF&T3E[1I_U!L$&WYX6D MP!'P\N15?UJ>_^KV>:Z(4J:I5)=-7]5!K*J#5#<*Y:N")E"8VG 0Z 9-JN^# M\G6A$Y8@K>% 4$Y1#=_F-8*!%P4L3'T>4%1CAJ\Z+CN3_SKO$"M,?1Y@5 ^J M5U+]"[RAP#J:"M*>!Q#EX^=57W/FA""0=ZM74ET M$_7/D8VZLNQ$U.B0^ M[ 8S51E4:\,Z=RUO:NUI"56S9L561AG"(NLZS"3,$6_JE-MI8=M(XX6B\9+U MDIF"]40ZU\@^U=;["=*T=KJPA->O^5\:[=N(?1AEO>H(IL,\RW-59VN@E8VK M/R(9J)6LX+?FHJ.1->P H;R]_$YG>WD=A_ 4'X9#^\_8"1W^H99*8)0EI$JA MP\0B,8?^,P#<'8< J19&D3/L!- J296;:V>)FT;F4C)V>5/Y26=3>3 L-ZX5 MAK--XEYG&TL&B5'FDB&'#A,OSQ5OII'::F$2N<.KA E)D-PT,A0,C>Q<>T#R MINU[G4U;-[(=2(Y47,*EC59NHC?X1N$?/Q M8U4A\#H@]:'2ZME?[?PXM+SU%!Y^(@"\,3SR1*\3SX;H.4\ @9^5U6)JO5%/ MZH$A&Y,\$HT$PV!)?<@TLIZ<]>< 20RL6*E/D^X=>V8\[$-#K%Z+6M,9Z*9BN51K_6+-R'QR%(8CF<0 _&8+A-@#)ZL#4+YM$ MO9;Y%H,M =:SU*="D]%J?,-4:Z&%>BT*>R#SBBW(@/4H-3O'^ 78,;+IPC4W MF13J]4SW<92BU>E"8$5+S9OQ3_#D>/>^SS&VU6;J55I[':L*@54J]^7%_M'U MTQV\D*%EM%>O9+Z59;"/U2LUS\74L?^8^C:(V'NO:C/URJP]8JM"M',?T YT M\.CIHL20R6/:R/?8YSI::P,53)4%ZUENG1+T!&0. G1>68+ >%PYJ$CYA,( M(N?!!7-(#8( I \Q)O#O853#D$CK7CV2 G9'FK08:ZF'Q%LG"*,;Z]&)+/XW@$*E7>)>>VL)" MP]$$QDSJH;3\49%M/H?F[2)&/BS\H+)X:';FR<;2+%@@BYU[H\^]Y650:@"T MZ*,VOC :U#HG,EEXI'KX,?\5?S:^ 7] M)RV'$Y?*!&T+"7(&M<>+*5A:Q"?4_(X)8Z CT74I(?Y0%BE-^S*,HYT?H#'_ MQ8.,YO;-R=5Q8?5>(!7D\G=D$K/2>##V0VJY,FU$*E,4=EC+C9;9[Z$$22AH M>K-&C9>I-C0!.1KO'1>$#[^"D)[1FM30%&62>,>!7C*5F7X"?0&>0E<@(.:_ M02U)#4U1)HGW=OE':%?_'CS0NV[BXDG7PQ$([5U._+!"!;B("5.; $TM@=H5M9=TLY1$9*"G-#C\D;DMQM,YG MDLY:ON^!0&*"NOE2=%))?N7#DT_.%*;G=::NV22FZ)HM12?5W>NIV7@-\Y0K MM\IZ[FOIBL]7*VYGH$(QZYU4/L]]9UIWJ%8(#%1N189VYP47;X3UC;0Y,&#,G5TJ[XNN2!J'E@FP;.(V1 N$_DCF2VJ.) MEPM:9PRD6KV8-!AJ"=:N.+MT0 L51H3 *U&8"51)B$YJL.?V]C.['P]6PW^-C_5U^JHZS1GOJ^IH6U7G,$4R]QXO M,3NMO5&)Z&A"Z%!,HLH;+QT8G4*+S'#L$<9%1J>B$_*PT2C=FA1\3E"<@K8M M!O"CEGM@C/T>F-)8_0Z+-[0*6UR*%.U\KW*FR!1$*5]W?LA81DK-U.M?>.TO M<:[!2\,%L-'3.6?CV%8:LK-9@?VC'UC!Z\J?@V!O>5"PU+]'AZ1F-P9!5E,R M#5X4X@C!U 5KO62OB*Z!!_5,BG8J11;2Z P"C2>*!B\*T:$1+G".%T,VX18U M&5Q'XX#>0A*;9*$_*(G:+(Y2=SHT*W!46B\,;#OYFDDCHA,%E-]"JO),'-XZ MY5P3GSX*N28&%[USHG=.Z.^<"(,HAP_\5QD;^*HB">C-U?H@V-JM(D&7HP/_PTF1T,'C( L- M==Z&A'VFBZ'00N'NBCV:JTZ% M^=1'%E;@L1!XV!^BMQKD.$%CY"(:\2RMP< MPEWO\"%,(MKY9T@RE4GG!:8@&CANLA.*MT7'EQLK"%XW?H!"L1A[:!:-0=BP MQ-# _T)G#X46I!%UKNL_HS1'3; B]7(6Z)$$T\%30S %]2R@4?B0!=#%TS%% MT390H$YJ EJ@L&AS8/26UDD*AH60JYLD3F\+(+]BGN'+LF?X9G9_/UG=CZ>KY6 X'<%_ M3U>3Z>?Q]&;2NXI[5[&AKN+:&!T=''!V1('S$">:9K[B8]&8X3P6$$2'UWQD M_GBOQMA46KSJXX\Z(:1T>MTG'RL=/,]=X'6"^#M)E;FRJG]L:UAL993]*[*N MPRPB%UJD*UTKJT8:+Q2-ERS7M^;I7"/K5%OO>0OTW0DMD-#%Y0J=6F:;8PY_ M^B4^I:D9-HC.?P>3HIGF42V%)&LZ>O:Y.QGO]DDR\3I1?M'/'' L MM'B2Y6;8V>.H@SGL#LN\P?RDF\%,:HO1C63N9V,,8XYG59,H88$:KX%Y/$FP MAH@1JPR"LC9+P1F?=-:G)L9$4*=YX_#]2:.*;BS7V?B!YUC,P*)J,_6^>A%W M02&59$4&;!CDYLK>^7!Q ,'^#E@A.*3C8[]98].HUS7Y@%-XOL86 :NZ66P* M1=6_.-L=9&R]M'>^SXZ,(S=5&R#7<).5USI9+*QLB?$<0@;Z'JIO'^]9)KK4 M1"T A 4E9Y]+K&*E2@RD$%.J]<)5:K&)UDHMLHJ5*C6Y\L$4':_@D4T2L\!D M&J,L,%D$K&JI.9&'MATD>0#Y1"=(D]18=*DIS M@Z"A2*!!8.H21)&;R7 (M[Z)@P"P@E#95 8!PQ9$@^#240Q6?JXPIP@Z+!J# ML&&)H4'P9S*GBX])+C@VK-+:(#3( F@0ZEG<#V8EAX0"<(OM#<*")H*:P,ME M_!""/V.4XO0)\2$2;7E5CK9CO_[RWBZ&HR_)C&7?81E'V'Y)B(L2_-G M!;_'#BBB$IAQ?<630H? 2@)SO.@7!HD6P4><8<9'1Z=@2IGXZ'"9)A70X<)EN>*-[-(;?4P>;SA5:[]3A!$AP#,=F#H M9-]: Z(J,K/M"D6]GB';+UN:EDZA'IEY);;(4K:[9*)>:N#KI/ YL M5+0"E9K-U:&E7&MRJ4Q0N) @&MR/%6_RTI(BCIWY^> 0\6SGT7+I\T*4W@3, M:HJDP95:D=4;WWL"0>0\H&K/Z#_11BF9YHS;@AI=&(LA4RH=;MY*U^GI_3G* M@Y!5_$G&H'B 8W>6 #I(FEP.X=8/0XK=GGLG'04$L,PHDBAP67=//!M -9) M-:V< 4!,TX%A$AD$#5..\MV="C?#<1N4WY,R? TT H- HW/D.)(G^/^9W7? ]>[==)M)6?%^].SL6J2DK-9T MID(C*:NFKVRM#21!B5LA,I9D*%/]Z8\ 2 8? @P@@"R[7;-IK,4[J"#^-'A M&07,+$#8(_@"2%H0=W M48C^[0_O*/G#__CO_^?_\=_^K\O+__SX\!E<1^[A%84IN(H13)$'O@7I"\ _ M?8%)BN++RYSZ%_J89%Q12'BR'\?E+]?9>"#R@8M')JRC MZ>5T?#D938Y$CY&??H,Q C!V7X(4N>DAACO@H21X#D$F.* 3^C.X#O8H]&(( M_OH!/&9_>2G'N(KV[W'P_)*"/[I_ GAX<'MY=_,$/AZ2($1) AZCW0&+D%R MV]#] #:['7C ' EX0 F*WY#W@0ZW"\+?_XS_CY/-"V0O.$S^_#T)_NT/+VFZ M__-//WW[]NW#M^F'*'[^:3(:C7_ZSR^?']T7] HO@Q"_:!?]H>#"H[#XQNOU M^B?R:T':HOSNQ+OB&=.?"G$R\B3X]SERR4N58 -<"OQ?EP79)?[3Y7B2 M+=&'[XGWA^QM $#?1QSMT /R 1'ZS^G[/D-2$KSN=U@D\K>7&/EL479Q_!/F M_RE$SQA@^#%K_)CQ C_FO^1__@P=M/L#P)1?'VZYLUK7QLJ9?I(456WP>Q0' MD7<3%D\YTT2;P\H*?];'/Z8P3GN]\C:_Y@D\12G<]1*]RJE9Z#O4[VT?^72_ MY4S;HWYON<(Y@-!I6V#E5\MZISO\I\_9OVH"HN]IMN<@KQ 1#R#0N&1\HMC) MR.78D5L;=8=U=Q2WYYUDHY(1$^1^>([>?O)0D(T\7N-_7.)_7([&N7[^+]F? M_GX59=O_QDG2&+II,1Z9RK_]@?'[3W6Q,-TF+F3+-N".Z>44/[E1MLWMT\M= M53'ZXI&YF# $JE8_>IO%BPZ0YSF M6I='9DQC8($WV<,]+,"G'7QF3*'QNYXE9@I5K''M1PL6F25/;9(<4,S](KCT.G5*A]!UW<(AM@ _,O)Q= UF M H0+%&R \AE#TN,KW.T*KSIWM@TJG:AA"EC'2HW$&H2PI.+@@I"6=QOFL/"2 MX?,J>MW#D'_NK!-I10)#O 80*A3VX* M% \&F!+DI,90S\&5V[7 M"J4)L+0$94.E)+,.*$W)NF!"/&NF0)+;3]'K:Q0^II'[^^,+S%[-]I"26,O, M+.(;74(FK9:LA/@->U; 80&@I(7DV;:$$Q!60'E!A=D8SNX/SBYP/^TBR KQ M8=#H1!%#N#IH*@368*0M$P<2E! 02H.;T28,#W!'SUP"35HGT[L-L41L[D%5 M&@NP(!"+N_M0VOSX:S*X(X9A$N \$Y4M$DU!WUP1&T%@#3H+$((1S1^8$A) M;PXI5(/=ABG",8O!&\I.XS!WWW 5(X]XNYL[8( S[2]P*:MC>/6X_WUYOGFZN MPCI%-D!*+R4<6 MX0-;/W?L8-;3 !:\[G"R; :<20X:_)>_/Z(X0,GF*@K?4)P&F?Z[S\A19KQY MY,E?T*O3"KI3XAP>2#TF@B&EP$96;06]A>L8!%=O@5LP(V. #:B, LIA"B_''!PF M9\3A>?;739*@-.DX-#:)].VD;/&JVV>=@JR/[Z^S_V_!GBF2K97G\OAHR3F. M2IV[.Z20T:+5#1".L&V<- C)DBS7:+E<6P,7H8B\/ =(6&U SQ5,7CCSHS_I MPT95E"H4\-_I"7KM3AV3]@]?HM9"9Q0V+&^VE^UAX-U\WZ,P06P_=@>M/@ ( MA:TB@DE(OSQW#!&T "(2(C8QD[, 1'D$ZD&7@NY4S-1-L5R/X4C3.T\KU6BZ MM7)=ON8+)Y5M@&N=3F:N@6B:QG9P.8 L+/@>V5(U$?$;);LH;H^LL/D_!6&0 MHL_!&_)NPS03%Y]2J*!WB(>/+B9]@)$3OXH@,0=9/'MB12H/P%:<0_(.4 ML<.__=?)9':QFL\ 3,$U3N@G+S[>;C[>?;Y]N;Q[!_P-?]_\* M'I^V5W_]R_;S]OOT-_#'ZYM/MU>W3W^R#+YRODT1@Q&(2G@Y M^=1T04I*5D^?OW!WY;<#6QG6C0Y@F]_ =!]QTG+0YQ!IW1Z&XM=V2 M24E/(;.1#ZW80B5D;-VVY#Q@3YDL 5%\0%[[T^#/FT>O%4IBH1MH8A-3^V>6 M_7]+ "4C)@-3F$W"W:H/4R2*&26IE&+B$>M#DUC<*I38E/2*-3-;QC9<_\K( MR -1D//:I*"N#^@I>D#$:W0/XVX-)6+0!ZINL:O XE/3A5O#A3^U %RR\OET@:824O: MRL(J.6VSUENIR8\')W'C8$]:T_"NZ#N8-(8U2(E?"W@0>*./!LV3159 MVPT"2.8XC;)+JGPV;:/UZ-;:)!WD?3RD7\, EY?T?H&[ R^/1G40K4$7/:;7 MB,90&('>O8Z6/K3A^NX4V1GQ&[6X46L1?1>EJ#A^-TP2'/0?^ 'RQ!NYT@CZ ML-QC8E4@*[ 3)" 'C=>>!2CN+7@3PF2@ JK@LHR-N01QQ0ZUQ"ZHSEH>KH9A M*0F_ZFK!Z62";(,94T!Y.(51>"D-*:WN>CDW/;U%'[FSB2[W?.0XN@W MRVQ^Z2.EV8/D2?"96';!V)*M=;M=(98)D=/SXCO>.#V".'/'L29@A"L=^Q/] M;.VGV3T_0Q^C#"8F$[L^OZ-0HN_.BM"2=AP"WND[2YF(F73F>\N(7T_Z%G'D MQ\*%LYI9 "D56=OIWT?>?P&4&_SQ&OF!&Z16A(74#^SR+A?#?A5)Y\G1R["> MS]R5#;>KG0)VN$$NP'\=?1AE_V^,#7WPA@?X5S!>7TQ'HXOLSR"A)2/A(7V) MXN ?R+O(3@?%7ZGS!40QB(XE)0%,<.!S*]B9]#UO_'6\M@&U%2^I"+)M,B-N M:BY8FS3T@ 'GXYD-BD\LG[] D _S7X=7_I1?#F=?I@LLM_?<.?HPN6XSZP$ M&P"_\3Q2*0ON[F'@W897A0RC/J3)3Z,* MNFZNW!4WGD]UY6**\*,19F\ES4;=86.O M" NT 2WMCT/:@6#6.2/GD*';R6CMSVV(P^J2CZ.">KI?]#A5F0E('9Y6)D]> M#G4Q'KL6NN0E1.[TTY/3G/W.--G%57Q9-J4$]L;GU++;N0Y)17<&!(V4P?AM MW>E)<9/EW)_J"GU\0[$3)4CMWITM[@^2&W>-G/0VS"9 >C)\#?-R$]FQ+4A( M$E97B+NQ@Z -;DE9.<47D]?G< B=_6;G'L;;F!30IM'" M]R@F <7=UQ5\3B/W/UT3X5P)\=AHC,O4=1CI8VI+!("2D%+'IC;26H^#UBY5@,PHO3'U:&GM84&RWA MV 9/N+RD4FB+SMDC]MR!98JVG"RSJ? S%8M.CI,Z1%>C%;2A/E$?F3OCUFPT M[5CYBIW671>3V613L8TGYLC;9,$5LL%;JR*K+/KL,O98,Q3:>R(&L[#C6WU\ M:JI 9AZ:V:?T^'+*0LT>\X\ULVX+L)/++. Z[, .%EHE9N3.1C:<.92$E<6? M90;A;>A&KZALB-?A-.92ZZS&)12X7HZ+24J3P]?^:FQ#^6HI(85-=Q^?LO_Y M@U%L7O$KI6&)]'3#U2DS725KI= M!!U),5L%\@NVLF[DGVV U<\HS.3:;4)OX[T&88"G@I-&\LEQWD$GESZ(24Z@ M"K0.%MILR?=6(QOJ9"D)VP1=SDSB>&"-W0;L$?/O(TR0=Q6]XMF0UB2\"V . ML<:+=:&XM4MU)B4]Q[MCW[?!*2LC(_,R_=+!3,"MS(/NDC M.RRO!Y2@[*V^9"KX.C,(=]$>BRV&5@>/3M-<0OBZO2Y@H.?S"7)]&U"G(&K; MLJ>L!'/>D=E(E&O+HI2RCO.XI\EB;4TP?(>,[.CWJ&48V_#1<]>D:\I&CU?R MP+'A^^5+U@I*/YZ>"EHS >FE'-3']#E*Q._\2$9/AU/'F>NJ*B[_N?*D;+4# MRB@ ?B'%1YMMUE9]K.U5Z9ZRD0^V'WQLB! 7R2;X;"DU^".F_Y,5M:A(QT(J M5F9 R'K5.I@T]YOL%+_5>)++0;WCR]G4BCP$%5G9K2B#''"Y4?$G@;=M2.\4 M#,($8QXEV_#F._X4#D'R@DW-K8^3+9C^J2XFFGWA.;/EX*7HUG2M0O2,HV)$ MNXFBU,R])0II&@BJL9-NMC:H#.G55'TU6AVFPT%R;$,PC8*HK?T*\^9[%,9B MG9N67W(,%2[%HF'!MN$CW*&M?Q]C&RQ]O\]FD.*,&')^Y:U=-R=]*PMWO1R\ M8K2:3E$5G:M8@F0?)?C Z8-]/@XY_J-B'%M4C/PR]WI=NI7-\*BUH2"KJKQ= MNN>:P#4HFK47PP$R'B@'/-&4YA0WPK)LPT\PB$D<[,;[7XPRC/G9<&@F<FO)I/! MHU?E;0H945N*!O. H&2J&'LV6!GB=9*:O];BS^> U=B&G* N^=K?/P'2D0/D M+(;N9;'/']?0A,D+O380F(%<8GJOX,Y7GC7-N21EY816D)N0_!!AC1>]:.;\XDN=0<]]16WT)^ROV<&3!J$AR!\ MWI8!"A^1'\6(TCW![RBYSOZ1I('+6KD3ABNZ1KC:$NTZE>*W5Z-!2GKC*H=:.<*W ;P2U26E[;F?N^#=TOI(1L MYT4/HX$Y[J'R<9^BN)27Y6[@$&IR\PC%+%TY3"H:.SY=CZ8F3359^63A8,0^ MN\M.E<)8QQH!G9B'9JXU0;("^5IE;[,#\2ZCLD&3,]^[:&I:^YJK@\**GL<< ML5H6 09"W2K8I&D<.(>4%$1.(W /.UH@:RV9MX_12[;;!&^YY9/)O_4S/9/] MU^Z RVK<8U]O%%9G\1356Y9T])(Y^U.T%N8;X@4U:OF=\Q&YN;!<^Y84SAUN M*@A_7U42B_'C)?@C$BY,[Z8CD[CO/LC?NB.,MG.LR*3;Q>5^LZ> L\%'I) MHQ(2OJWAIK:H#6&J))KE\OJ68#E&M&]F9'GH2\IRBO99)]@&GV#ZDSC8C;T&FG>T+<3, M;:CQUTMH:1O K92$SOMZV(#:HEUM43+X(TP"%QTP8@_HJ"YY=,PDVFX^$S MNCO@OO!;G\RY4FE3#I]]!],'V].F6T5SOY$H;A:>N[0ABN<</X/8N^V%[]=>_;#]?WSP\_@NX^8^OMT]_ W^\OOET>W7[9$6? MU?)5T,EC3UH49O^9;+X'/ NX@\< 9D7",['*8J"ER1>NO[ *H]VB-K&9]_,] MLH#?,),5;H1*IY8O"&MYODNW26>D44Y=2$YW'$I$#\@+Q_5UEX1L08HY'K+.6ITC<>A%/%B6UF>$4KFR EXR,+5RY[N'U M0)M(Y[U\K0(4^\9:""LQBT8OM83H-=>T@)Y6''"GXXD-R=7RDK;[F-=B!LK< MZ_- CA->63WSYAC']][XVOLV=)E84N#3%'RI,HDR%E.&B5:5]AQ_:M*,[RFN MJ#EYJ<_*( <>,K@L*%*$U.H5@@(I;H E,[0M]=R?;)=9DVJO*'N M"CJZWK?L=]@A*O=KA*_1P8[L=#(%"HKK0XS#%NG4"5SNT#?R$]\O*\>LTT&K M,IT6[#HY:92?[\Q\&Z)I^L@LZD>=M[TD218X(=:J;8,]5U(CK"=.F[S&8 MC 1*ZXS46>_Z8RL*0?4060VCYU"FG(-+Q:=-9_ IBF^^(_> B\=5FPS13XYE M4BL/H>DXTW-JYI\RC44\&Z(1_,2:^F M&,(VL-:GI@Y6RD_/5"NXFOXX8&5)?BI8=6K6ZP-ZBLA__PKC&(9IDDTS=H,$ M*>C6[D%, 59V>GS(=HU _7ZKI;LR>:%W#MEE8.L=2.@L_=NW?% ,9#*J7CW+ MGYV"INT>Q#[HRFK;KA%HI,#$<<8F V'.(?LYH*M3ZW[=1^&Q1.+6OSHF4M2O MY)^B"J^"1C[M :8@?X[7PO\<3AF=UEQ=P?'29/69H>C,+N<=H#?JS/3';7.67TO%RULW;L,Z;.-R\=G]F NUDMAJ=L M&)"'6!>[]<_X_[9NFGKPZZKQTV-2Q](_"LS4Y;::+8;ON-59$:BWV*VHP#PT MR\U#LRZK32 RZ#:,KFHSNBPX,W,KY6;-]%(6^V/?2P MS&B&,2X_X4Z<=P]%-^_I:FXTE?^LDU#%>QB%ER+,:U/HM$M1=:Y,K^S13NM\ MBSU&- '^WA-G?P#*PQ'\> MG/#5NF9]S(MT?PG/>U:H.?[;KOF*PF_@4<$O) MDY#?', .H+.G)8OK.C;05]4-WTA.@&NV,I*GM<$A%4:5\DRTMH\_G)B-!'M M!)&[4=FSK=J <6X]JN(ZR\78U94(D;TC)TJ0*,97(*'-Q9*%H:%%M2#D54W3 M/D&FO)&,AU+*3%0Z_)<]# '#&BT\F\,LY2<@'71Y]GBVX0.$SP%XX4#&\2XQ M3=DX8@%8YN/U&EJ1]'*B_/W KCG2F/2CN\]>VPM4BH+CL1H,UA1,11BDR>"C MQ;+=Q61D_+312V)9Z$'2C7"?CZ0]!3B!!F\.4U(CSD&W?; M])*X+_AT:KZGZ!&EZ0YM7!<_-+F'[[A2ZB;TLK_$&4'>2"A14(G*8YJ":\_) M\W&L."!MM>M.IH[)XH\#3$4&^3@JDSP!P/P18$^?00JE0OJ4HOMHHE M05DKCVG]9R&KWA4'S+?PI6/>>W3>J0SR69C8+6IN7BI=GPU"-(QI\'=/L1OO M_#&HH3!QIT8[[)Q'>C54-[SX^;AFM#MKACT4NF@8&V&LJK;Y8]"J@?,)FAITC_QT5UZ/Q@M[[6X9R4^!+(X*,*]U M\>Y_]( M"&8)?QX$F\R8;LVR=+L4M55/R):6']R6%$[5UR&?OBD[,HU0':^FY@/$!YI3 MS[1-1@ANU7U7M \VFQG=_49.R(J6'_S'^9SZ9D/+CDQ#8Z>3%;3O8'J>.0W] M.0VX.SVB.$#)9LQ- 2]OAJ]@\L+?B/J-HZOP]@F3/!;B[C$(=<:Y,W=M/-_N M=/%;A;K)B&!S.0:50<%](X:]56UQP,U!;9+\?:#?.%:BF:/=^PR2]PG\M]8(5"F-T6IF/!;U1-E[Y[SEXVI-=L.I.-L06_@WW],@ M?#X$R0ON7-GY7OB,)C#:-0TV+GE<-)O#=5PTM@J+TFFML%Z!"KZK[M;$:KT'4CRU^SC".X7W\?UK@EW.V^R[@]A.V;AIMH>D>!,2 MH['/0!K[:?:>9B/E7W$4&K(S1ZNYR1I_YY*_B?*2$1PY__RC5&MP%PM76Z90 MFNU,BK4:2OELKM6P\?[7(4FQBDR>H@>$5RK8H=IDGJ+S*)AA'J6S.?EPKZK> MT_S\S\G[0,]6KLD#NKX9MCNHET_$,3UQ\4P0YM\B_BO^-W;-@T-"+E%!5*I' M**,>]7VUUVB?32$@I0&R?^\0Z<(3>IO7*#L5_D-484*.5=]7I3*5ZE? MX]R1TB%?X55Z[9-G!P\[UKV(;>\. ):>M1S1LN%+A-+4'I) M3=CF GWF^PDOL'H9Q%DHL0R2D]/F#CPGHK;>[>;3Z*:0G43-Y]#%1+WEZ^D2V>#75Q2WY0VHL%\2 M"\S+V?4?HNI3*;X8?F7>EG91'8#F3W:-D0ST!T;#S'J+W;K&-@7K& L."">$@:/+^*/S6;)KLUZ!6PZ M76'L B&/8>H,HKSH,)J/C%<.Z!:O%69.0G4K/7L)CPUF4R4H&9^9V;#I(M9< MQ9@K;BM^ID5)?;2KM3>QP122D9$-I2+JNQ-)0QJK.X)+Y+$+)^>SR0ZZ6_\) M?F=:KDHCY._%<2>Z;@0D'%"G3(&YM)<.'J/>EF]YZPLEH83*R_E2YV>[Q!/O'2G=QRC[KCR!I=K%0U[$TI^NQ[H2<"7TC)K0K2P=2EN6_K53S;"7 M3O%%F%4I9T*?T09]ZI*V;)*"%?RQ8/X3UAP%#/,!S)@A#(V8OJ#X&NVC)$B9 M]D@'"W6@+Z=KJ*O91"^%(9"Y%>N,27-%;Z>N8*Z9VBLP;'R< W3CE95Z@B.H MK)J@Z"OX;=$2C;+]DUZ[!1T]I(V>TML@)HBXX0XG4 M>I-8JT0XR]CCA1A7)>=$I-$:S?VD5= I!)J506Q1*\5U>J[M.'&<,GPT^'HZ MGWH6Y!7T%YRG5LI0 :MM%/YR]G@Q9M7+F9$YL2$33TU:6?52QGWF@UR .U,9 M#>T)7A\03CHLRU-);Q,,1OJEKOV)8[6*Z92\N; /S#I;=FH8P7KV>3%F=@?KFY?GIF]E-(%37>?I-,+%]@0: MH*_PK-(9G2GZ-NQ3ZFO=^XW968;G#!"V(KZRC\RM#0S#%H\"BF& \P[^^)5B M^$^ 58;GQ&UL4!3?AKA2\!F*2PD',HYJB6E*H%LP"D&,LX03*\Z"I\K?SO[+ M&>6*2^E#=39#%R$O^92!@)'RO0F]5JI[XU4IC: /QSTF5@6P COU?"_\Y=AD M>XJ3!6_'%-&! 'ZO/T@R/^>S_12$,'3/H*.% QG7T1+3E-#1@E'R$,+5C:;+$TV3E&75*Q8PRA% MY5$<7-;*^EMR?JM.]0Z+*PZRX).;P1U+9![FJK1D%1&<+U8V1&O*2:F&M68? M3POQAHN0X_+66[_2=4[B%7'XS"!0. D>%)E,>=_AY7QE0X2/HKAB< ;Y DV M,=UJ[[\?#*CUG@:9P4W_@+(?U=';/9AI2,M.MQOG72/E:!J[R%[PJ\U!_$5$ M?L:)[5%RYJIW4%,P%*PXB)QV *&&NX=\J,L-VM>+WRD\UXN_K[A#_?(H\D-X M\@7KW?NMV7F>/@.,IS;<0O>16=63SSI/FPE\(5,EO5>:M^^L]>134UM[[+@S M7:F?G6I(5EB6VLE+(MZ&9!5MT"_="R4]?9WZXZSXTG91+=(/,C*V],$5:>5* MV0 C3L7YPY?M-IO_B^#W33J2;*&^=.AEI#H,_\[352*5- MI![3S.SK4@R*TK=RPK%NWZ3@Z06!C^@Y"$.LS+<^^0-=9EN4AO0"]WE+NE7) MP&B=VA!*H"@N4]>0^R?RC\H0%P!BJX2. L@P_[1Z9[Y ZZFN:%NIYG4]9!=I MG>QI=NH;W#WM+L- ]L]C3$#H,>QG7(QU%R6'&'5<.9X^K%XM=8Y7T(3]*6-2 M9>&L9DL;.ER09YZI)VE9,!WS+VTB??T>GU ME!+YK#N$6G50O+<<^_WB>[!/44SJ;=UGK^ZE?5 \X[BZ2NN?\24U9[$-ZE9:4.,[5N!'>745L,^?-DQ% M[7H^/9YTGA%9?/?Y.T >[B%'RH&Q7F>_<715UCYADL?JVCT&H3IR,IU/C&OS MT\7OJNI!@0P;:?H%LK,_I1%PZ<"#0+D:0E/,4@Z\LIR:X*HVD1*@:+834CB MD7#SLM@P-)LAA>JZD,=E0 ^*)\#4@6P6LG9PZ4UF)GV8O805ZS[2>,F;[RAV@P1;V3!YR>"?U$SL?F]%;F1K0*KR(A2 +#,L=0&YH[$V%^\)8%>? M4,\/(J]RCO)'D?-9_K#&T4R3R2"OG>5YC9D*DII:EI%&NRV]&3(9LG^"R'+F M@5[M?1?UQ)\DHR;P*4VC1)X4%PU]0>/UVF2)]K[RMD)U&L'/NO%&/<;8(8:\ M3U&,5?L#"CPCL?2 ;[,PG /N%EOM9=*94(2 MKZ)["#-@E)T:#Y1=_%3)+)S)PKCOZ"3)NT&*BO'J79]J:-5D'![;'S93 V[# M-.*G-)T^G#$34GG* JM2>JR\?])J[9C,P3_O+.1LSTH_3$::2!!BXZ!R?S6@ MDGZ*/J+RF\ZO)ZX#'!@>>@+KH(--JS*6FD)# 0MY:!O+I3]%EBA=!6DYBC8# ME(.JZK:X-/**80;!V"<8Q"1Z;.MW=INO3EN.3Q/*5"91PDR&B5[V^3>1U?'=,#OTJ3B X M2[DQR&D9.0@7GG%DJ0@J5FA)K>/P,QU@N'N>[!S4E+UPR O0),VJ\Z9&?BKU MJYAN/GK$'*WF1FM]])=8!G%ER-J0D.MQ9VC+9:#J+9_,;1="[MHW6=!07=(F ME&Z&OFD[3U;&XV&_WY&.R-ENGP??W] _=!5[DV/5EUVA,I5J!H4,'RU3N9Z/ M%S84-5*7N'4HK8P CFD45M1M.[:/")I[+)M$9[7]MFCUHOK'WVDB:!%C!S#^XBI< &PTJKB)?K1R MK"B"*A2N"R>8%:28UP:LY(':0?A\'^VR(VAGZ5(1@SX$=8M=!1.?FI[3732: MVU#S25;.5K_=AY\W=[?_[^;I=GMW ;;W-P_DGX]@P\>^0]:ZRK!.W%*KCKR#$2X>\S^0O?TXP;]A+ZG'W?\:FCG?XP^[ _UBJI? MS+F?D7MD5Z[1TXJ>V;4";+9/-V#\ ?P3?:4/0?([SA+ZFH$U3F%F_'1O'!T\ M^KX?*>&K'X.0@;KF5M"9VK"#*(C:NO_=8I1=;>^N;A[N; 9[D*49N?_[.N[ MC@Y.NG&B0_ISE.V.5WB1X[!+R:L,H//XK3JM^B%]GLS.VJY]I6;J4PG M'X!U:/TYBKQOP6Z7?7S9&3(3&:?KDHQ@^1H=BF/HPVROR55AJS1 7I?'<5.-#:A]0)G<@9LBKSFC+N4JQ:EQ4Y>?2&UK M[V:C1Z_9Q$W M08N)9&O59WFXN=_<7H.;_[R_N7NTX\2Q35]0?'6(X^P(1I'?><07<6@\K7<+ M7CMX\\G)HBV]U61B@T$G+2A3 MG=D2F@P!["EN6\-A]\O3WXCKY>8_OM[>?[FY>[(:@?*6F=H0%N!2TE93X:=I MEJ[G0!ONB_I+SE2>O>TN?OY]N/G&WH"L6+;ESKB=ZE=U4$L\]X( M5:_:"#3/8S%?KQ868/<4V9GJ=_$!6(GB:D[84PS#!#=WB<+.>YE.-IU>'+DI MU%TX8A[JDH/KV?-T\WU^!^@_?^IX?-W>/FBEPBV@Q %:>B MP@CF82GM9)1FI]:?MX;0AC8=O05GZLWE!V W?JM]+[L:.#-)-;:4$HA::Q[% MH*/^80?Z;22L=8_OER_8./#YMK_YJ M _S)'%^BG8?B!-\+I._8(I8W)Q7X-<8XJDZJ%N(HRTSSL];^U+%!2_<4FQTM M/OH ; ,JG5.'YFT2Z8,<6[PJKNH4>:-1")7BXN;8'&_6R M8]T7U!QJG7?10H'KU\Y,TCS(Q5M!&]S*4D*R5B,\ZEE?&/ MOP#P^/7CX]7#[3U-T#J+W"7*TZ6*O-J*;JM- MIE)W6XZQ".OR5R;O1TX0F:V#)Q_ 8+@[CSZN-+Y[")Y?TJ1NW'8H7FEN?1I6 M<4)552K)2CV"_MR;V' \Z24T6SG^NGEXV-P]Y8FKY$_;^S/!BFU+TA/ M4%R] 86N4FMNM3'T^B>5)]=T2$H/0"LQ9: PV@#V#**S7(ZW3SA EX+X:DLR M^F_N;$GGEYIKUZE>=1#+8"ST :B-0 O>+5UO;D/\XRFRLU7SC#HGK89T6:)) M6@L+.0S4QI+3L )R&D4S&?DK&SR61ZRUM(A*Y6O'QYO_^)KMCN#F%[Q'VH@GF>HY''ISB.JLC<,D MIBZX]=CW;*@^)BDF6U$M/@ KT?41)D&R]1L5#-_I_^V"FBRS/MRI3:<*0CE. M:F9[8\]H0?A39&["DXR!BWA7"^C9@,Q:@3\Y/(I9=!Y%4, MU2G(6HP0FKDVY(J(9&OBY"MM*5!2VP".2L^-LK#H;9A9E ?BGJ'? 6?NDKSZ MH*0TF2K"I!BI+>0N)XX-D?\]1&ZU3"GX0(61#\HA=Q68O&!/8/8_..SL#>Z. M>.8]6RLRR_PAF(G2M!GT7:C+CFKC+L-.D1I]?J\!JT&SO!0M,$[ MI28MLX$ ##U _E$9X +0(WA&TDCXE[T3M M/9KVK@1])\QH6: Z%"U?,9XX91/L @$@WC9OO..[O5,..$W,B:.V8 M%+T9A+$GB@-HBD'I-:TR%D6)F];$=^'8Z'GS5+E;7HYCI\[C6* 8S :E6TD6 ME#,*1 Q&LC@EMG\^-5D^=P*=M0U!=[)RMM*%2SZYT\()FJZ>.2"&C R#)DTF M)7:IN834="D6*V_EF=94"G(RMD7*"@CO(%CY$H11'*3O19.TNVR1HC#-YI3Q M/I>MT[#8?Q-BJ.= FK!UTC1+S/4:A>:N+D=K9#*KZ%SR-S%:# D*;O#'^JCE M#W^R82LE*20?<0I)-HJ==[U&TGC+VG^BM?M7]6%H MZ ]:39$-=5I/GD K$ "KXDN2A03T"XB%6GS4Y40 MS5*<6EL_R$ZDT?JABXUZ=)'O().606^!6]4#\P&(,ZDRA UHW'C982H-$M(0 M*)%U:'9R:?3]R$V@YN,1L]#%]+RY%8U'E(1M-;XY,A/P?8'Q[P@'&@ RE@T M+",(Y9#')S<0SBF!-1XMS?=:.9.I#8F]Q<2> MD,-3)Y?&2AIR$ZB5UA"SY,Z.I;>T 61*PK:B\% *=E&2@#V*08+9;< H2MVX&JR/@:)>K&'E! M"O!@@SB *@6!@R[_L@R#)H>.E-BEXT9(33/]QBOHF_0OJ\K9/@D05I#SVJ#" M[M"W2OQI'(79/UU4":^1VT?5A]%8M+GG%&L%G17'R'O^3MR%#0Z6TZ1O[\7? M0'T0&X#\Z+X@[[##H6)%U!CM-I&=VROWWE\0Q)K>VX8/R#W$!M[PT_!_0?)$ MSN[ZF6)V_<[L5RF-8>3P3D.XY:3;"%0?+ MM]_5U(Z,U/-,0Z"W]_E08(_'(N8#*D:SZU/X%(1!BCX';ZC5+D[5-)+[4^-6F]8E=V7AZ=R=+OY8NWBU:U.YR3!TIY@Q M;^+GSL8F+WU/$%D)?V&F#L^*P7.K17;SLO3834K-N%4=SH0:[3=EMGI5&XO> M6\RGR]7:*K5[RBQ$GP/VQ+WAP.[LW]XQ=Z7P$+_;]2DOC?*^'9ZN<_@3:Q6$UMLV#$:^JWZ3YGQ":H/E-946 MZY%=#O:3IB'Z,*)#FJ0P]/!ED<7?0*X2'J+=[E,48TVANLW(C6(,[[(3%*"\ M:PB:<^;,IJX-(2XG"2^OZHEV!]'>PAM0=A95]6UL*'TF-$$U]( M[XFS/PWEX?*";H4AB*'C2=*73LNAXX81(B]'M%B8P,\322T0;<,RI*;KX' MO-JQ7&J-E3_% M=J?;))Z3G.7OJ,L[6W(?J"7AT4 M-^;!I-!TC<06K+PLJO],*VRNUN.%R=X.G8(UEYK0@C'XC1*?6%M1M,)/WZ*. M%:Y0Z%SAEF#U%2Y_IF;YU/.-'C,Z!6.O\$3'"F%:ZSSD8"F M9,^G8VC'M\P5C;W6TS.M];F+]E6L',YNQ:$U4:J/(2R[2E^%D.ZJSAK.["K0 MQQ514)NON-^TXZ[_*!BUF=E7O'>(UT%*@=\$V"0GQ09@!W-1^GL]-]E ]T2Q M6Q;JT6$\1-;6>4"+8\OOX"L2G'CJ)/J@QQ*MBJ[J[U1E0'_\^-;0A),FDPC:?%+6ZF3@SKL%E,X M-MZP6U'65F4GP@YR?NQDJ8X@860-^ $+"Z:QOF@A [4JU^OE6%=,ET1C"P6) MA=7@O",S<&TIR=6L0+K]%F:8>@GV]RC&=4_@,_KX?@]Q!.[)2,(\J$N<$&F? PKL%M4N,--#X[5[QK*I_E^ M.I@T(E1*_!HHA1PTS,$?+18V5 !3D;6KE.%K6"7% M,<$_>8%[\]U%'#1P:#09V#SA2GNZ24"_T-5ZZAGO+2(6C;G:B)#C3+J#'[Y:=/E;F%G,K*A VJWA&W'XWEOKSFJXAB>OMM%WV"V M)$?KC/4%B.DUJ1 9H4MU(B*F[I+QVD,F,W<4Q6PBI>0$L&"5LX^'W.>CU]<\ ML(]X")+-(7W)3@/_J-16CZ3(:1[^TO>0KCU?IL.DK+SM&IZ8D<;S7M"*L@F M);/IM0]R?C73=_JBMG9S MWDZP>$"X;1FB4-WO MY6+\6I,5A.?B*UP+AN-K*V<#;W'1LN?Y0%;IL)B1L' M^Z(D<$RY\X2!!//;@$N2%7>=?6>"BY\&C<9>#BSA:IT;J@1T.1S/=4Q&0DB( MUG)E8%* :8>\_;DGEYEHZV?6:Q ^\V]\.(3:&LH)Q*PTDF-0T=BBV1SZQFO" M2,C7;AQ'6$#!,VP0U+_#\ #C]T^!GR(4/GV+GEZB0P)#[^E;9IR^"T,45'B(WK M'EX/I(C'-6GSRC0INKFHVEV-/-^B$XJJV*W=XDB/ ^DQ@Y%%NT,I]K/>XTP6 M#WD?W[\FN'+;-CO?0N+3I_EBG)@T>6[JR9NY$VU:76(1^XK/:F/BXG;R!]R: M+L@LQ6*$HI:')?%!5[@Y9"82KA45A,2I<;6#P6M2,7.YQSH95JV=3:2GTNAL MTLE'"]$BS[4B_DA=XB8^*YS P]:)=^0EYCCL1[C&$5J"MUK'].8X29K4V ;&VXTB'N)4C"8>2 MWB8L?,L$<>#1+O[)FT:;1! :><"4&F@1YY)TF)@,SQ-+Q3HZ['-*\$=659H@ M20[(NRCK+A'U7:N8:45[]X^')#L/)]E!.-M9DH#(#H&K9P8. M*36ZE\O1RH:K#BDAF_ KF$"%:]#D!:RWBB]C\QPCTFE,D+<@I->5LB A]#%; M04!,UF(T=B;0N TI+V;+V13J:D,?? MJ.MH/7;-Q\!PI6H9CIAPX/SMHIKM SZ*Q,>XE:K #")=&=P\\8XIW$T*^DJG MO@=]TPO=(5LKB;L@!W%.;X-%443H54N9;; -]$STS:]!^G(;>L%;X!W@[N8[ MBMT@0?=QX#;MUG,,J#\HL_^T6:&;ZJ/ED%F,7)L"/$^=1Q/Z!2G88]IS]2$7 M63])L75^W4"*+DE-CYWGQ:QZ+2!ND6OFT%\>EIE:NPL5\:O8I4D91I# MR?$$=]CCR#4:=D@/;AJ!5(A,_RT_UR:?44BQ)]&!JSH363+77V?6C9W@$HFK MCK BSM6&/9M=@+2BJ#^^LTNZT^"\8_&OA#2+?'J!85'G'24IOIR]1W$0-56E M_L=K#-74_$IK\9Z:GDVSXGUO@:RH'6IDUJ(P:/*E8U92T-^ILBA8F&Y2HR"@H('3\; >U M$BOQ(94N]S=O13X3:W+=/)HP(RM\"9TN!GI5ZCAFF_?U$+4C):%^9Y37ID+E M6%98A7@/H]_(]0&'IM#]CYJ_A7&\]9EWR#W'T)Q*HSJY5E*-[ T_A!W'&8 ->*Y]5 MM4,LYT5PJ;7&DHL$;H2/LTCIE;D#ES,;*C))"2E2AH0+Y&S#>+"+L %^YH& M3I>'6B#DT2/-(,HO#>9FRS)+BM=R8Y01'=?G2A,X4W7;&.UAX)%Z4+@*!P?] M;3*-56XY(M8JW39H\L; J[%G\KI"3KKVWI.3#:(D,I64''8XC^H1Q6^9-<:\ MU&)1:5(0? %+]= FH=D;\]EX9-R5U24<8X_(Z4&2,]B@&(B;/0=N7G;PZA + M*IF*&/0IBVZQJVJ#3TT#QJ?NR+?A+"8K9RMM"?-EAR[""!#E-'.?(;TF_&DN MUPO?U14')I'J*B%I.U](=BEZ?^E)G%:^\NR_FE]X]J>_/P4I[F)V#.]AQ)4+ MZ(;_GCN%Q)#A$M$4?W\R?4J*U\I&P2S8[WQD&C)\_.E;=-R"2CM54/>^ M@T%7.I*,V,<$)1$U-<=6KK.%.1LP>9;!"JVQ)'9; 4+CCL[;Q#RC?RB MXL*O,](O:3Q;(XOVA1Z2"P,5ZHY[W!85%T:XZ"KA9NI^IL^J-C@ITIWER-7E M^NF_K$+1>ZVKP:@3=IB.?!@3O:YWIB/?IN]10M164U:\0I? P5S K;#9<#8K MLLYQ;YRTFK'^\?TI>[:H4Y$,IT[7CO1$ZD>$3C8: #I:^[[)#*'> O/J#%P M,@3)5RT'N0!XD"%MQ(?(B=+ Q4V.GU""[8ORX7P[48))DZTH+7YI+W9RT.NC MT\'+OITB,,@/<2H^F7P<27!I*_R MC9SXU6(X8@ZR5JNIXTR--PY0E)51,@=G__@%?[U$BE7-3;GJF55^1Y;)@EVT M58Y'CH/JB^5J-;.A7*R*K'+E>2[ KR, M9=/E76/0:F[2QR8OH;A:Y)'+:H5T'23[*($[9:548;1 ,;6F(:6<2B[J8U]Y M:]=DV'%?>9GE:IB*"GAD!#M2Q[G3Y/?B$;-8@$-.;QX1/;W,'\Z#MC*"_^,[B72^VL$D$3@V!/3Z<-8I=!5D7&*:J>!._84-B7N2 M8K+SM@CQ61P3 ^LPYFE3FLL"3=8^;TJR4'^U-_-F)AT9O815 4' W8 M)#JCQ]E' =;O5 6L1M[:CNAOGF3M;*\?Q-S_FB#_L/L<^/RX3 E."]13>R)2 M*NK(EE=\]-=+&RKG* O<*I&3I,$K.7H>" ?892Q#E0U&NQURTP/%.H:NEA;G$-#]N,H,SDU7G%<5D):,4G.#(:M6.]BD(@Q1] M#MYP*89:/>5.'2;'JM&*5YA*S:"7X,O+0'IKHX%I_25NF?FO49P&_Z!M$&@\ MA-UH3$0N_6XV&U"8<-WZ73QT+:%OMN!#/VD[Z["?Q:L_./PJ7N?JMZ/^BK@# M60'1CFE*@I8S"C6MG,5L9+#5$264$.V>% %N*S *L]>N$/?TX=HETGQ_/0-[=[0ERA,7WILE"ICVZ&J ME%^&K/:2'IA>5([7F95EN4+K.:7F5X,;*_YXWT@^S;\A&#]]B\[R]II#VOI% ML*?>_T.HCYG MPL#^[,?&?L9R]M=&QOP1L%^9_'FPG['0G ]GZ7F6^^-4I\+ _OR'Q?[&3U$\ MQ ?0&-CRKX#Y&D[^%&JCYL5^_;7_PYX#!/-I)6R_H!A!3&_#IU&=$JY7(&PV M*\ND#])RXM?*I@LYZ-)-YL[8AC!/%5F%5W1YW1$; /> B(_['L;I^U,,PP2Z MI)[_Q_?J+X*03Y4!] %1?5I54,IST^C>"?1&-L3M]96[E8Q(J0$AMRAPE#,_ M=71: D=%_)4+MUQ./"LJ8DD+*D98A77(_.F?8?S^@O!+%,6(O]YM&DWKS1.N7.\F M ;T!A$P-?X@^ \("<:5@DW+SN=Q'M7M7=B5M K D3G>*6P.!2 MTIO>Y73N&T>'I(RM8.R235?G[<\PW./3_V?X[>9 M298W8?0D 9AEU[4JKNYKO[@MMB2N@",;TF/,@(72)#1$P#8^$(::L>R,6( MO)BMRH&8$Q2LNBR*+T'V/+0K]BS!$81-J.L,(A+S> AA4=&W/O.G1KNTR8$[/AC8=-JZ4?*%K'2@;!/E]>S&J_'2-!*Z MQ6OG'E,.0%D&WDYP%=.B9R!.5A7L)#Q279N(6-3C_L&FHTZ ]0)YQA,]I21D MUIL%!1XO]]%+DH%CLPVC28L\(0K0= DH![BQ<@SVJ%00K16 M6;",&E#R8=?[/H:_P^3E9^@]!P);@4FF:=4%(I8+SZ"AT?BK-5P;-Q0ZI6L7 MLR$,@')H-A.VH> $(:(V92RT!.;;"R4I-=C'4W]N,MI,24@9JR%C'?QP(7FV M,'FTD#E9,"WWQ M[19,OT4JVN)(;4Q7- 46:(J"M(A+F!D-F%,24DI+?(N&MB]<,CI11]G3GEZB M0P)##Z=8I0@)'!6RG-JL$)6)5 P3&;:\?_UHO32^"_41N&V^T#' %&1XF WL M^R)=N BX:8?V)(C"^SAHM;_NI-;6$[E+X$IO9!XI68#Y HT7QO61K)#"]FEN MR0GVF'6@H(QGN/N$4'(;;EPW.H1I<@_?H;-#]RA[&V$*G]D=M"49M85M*$RC M$L=N1'MD0P$>X+U\(8#X*V--A+L#^.- P_4/2C#)$ M[W@6F]"[BI)L#F*D=;+HZB9[]H @L_=X&UN#0%?(*4NL8YAI]5?J()^CV=2X/T8@5RN<-"<= M<%>Z1DY*,DT_9>+#-[1YQ6J*;9NQ*;69P")!*R8OBXR\YAE:S&?&+^YD!&R; MM$Z**_@=<"EZS L\_!<_&R%X0R$:K /5_SX$,OOI2%^^B%!5F4&-Z;!)]R8DLT:K9B-7?::PV MFD^MJ W EZQUC9M1%N9CK@VT&8ZRMHQ1$U'*+J01$OX*S8Q; MWB25J 0[LV M6?2]FYE\JT4V90%OA,>&PP*9M-/]7ISF>\FGLCVD24KRK)]_ M1<'S"ZY\GRT'?$8/Z!4&.'[U*@K3&.9M<.+7B6B%=$NB[^AC\$6WE(!>,?*2 M#:X[L:%IG/$7T+88]LC%!6IVP=M0=PQAF,F"5=LCW,'XG7G*:='H.B)RA#L> M#QL$>KAND^2 F"8#AY3>["_1 M"NG*O9'8X:5D%1W6+G(?'@@(HPV[\_&N?.N3F5VCQ(V#O:"#D)A%WWXG(WH= M:GQZ6N!K,7%7-C11DY=4= Q)@'=D&T3KXT;.7V#\.TI).^>M7_E"6,I,3*]I M-Y 1NMP91,0TSFVRFD^-WR7)B]D$#.8$KX05O&%>$/G K>BL08!3&C+W,<*G MF^Q?U/CAWS!ULFB"CZ3H)8(ZZ.E^#F?SL?&8.R5)VS40/]*T0T+ /9[Y>&$>#6#3QOI-F] /E%:(W MEK#T[]HR!X]"5%(%T5O>(=QW/)--!#GBM),!=7ZFF^?G&#W#--N:-IX7X,?! M79?*EV#2=8*4%?]XI.SBH%>\(SCQ319;[B-KZ]!9L&/3 98#G!-59_)$8B5% MSVS7AQAO=,2A2N=(;MX2(CNO_K("OT:OG^JD6IF^0=6'4%I&+O0> M$EXW)9E;Y;DI,XF0@35VF_I65-P[6_\S2I(HQH#$O5^.MP;)=H^PZ.$S 2MO MD^HYECZU<=)DZ_$B/0:B.\)RX1B-_S[C%-H7P#DQV)$*H_@L=CY'X$!.9[H3 MTS^GE?C<+K]HF\^@^YDW":$/NLE$*S+,IRO7AD;TBN*V[SX('6EEOH_S>*A: MJITM,0HB@[+Z$KZ& ;=SE>H@EIP1N-.3/BBT1J!)#+/Y?&3#;204VX_B)LP'"LB52# VE570YG&'(P@M.AQ*R=IR6!Y]E/N,ZS((@4OYALZ? M.(:-,%*GNHCU9U.PQ64E5=0I\Q/*>CDR_@U+RJBRSP]T(^X=2,^X;5CM0X<3 M/MEWM0)R;3?AG2)7;L&YM'0ALL/LTGA2OK24[=OOG!%7>(CS=H![T@X0)^@. MBYC;EK"9!1.ZP1Z*)RGDTXTAB4FTP21@RG> U7IAO$ZKNKB*\+K 1B@=1S?2 M;L,492]+K*-$;.9QUIR"#,P*'IH3-($+\\:JLK3*( OR8RO&TM1V5N?!0D[K=D31;OXBUA)7R5H/H MB5\A=EJGR5-4E/?K.K1V<6C2#G*"EXI!3$X#=-=SN#9NSZ@(VH11P0O2".R+ M:HV2YUB=-V=8O169<]?(C?&EQZ=C/13NQ4LGG\X;,DL>3&D)[V2]T'\A/T M[3A"R2QTO4KAZ*$M+ZN.\*M.E7?7J#J(7G6A/KVF[I ?@1Y]QPAZ)HW<<\C. MU"I'H^CB>"F9&;O%>(VDK0MK=[_*;6OC,D.$<4E^4[NAQ*3XNZ* F1:%]=?K MD*W1//I;(>\/*JK R.G[#U66F@54M52*XKKK];Y&.X/Y^6-@:?HI71 M9'0U*5N;>F'PTQHSD2^;N#KD#9;KQMFS/P?0"79!&J#DZA#CX$OF'1:/F,9T MSF;+\<(>TTM2VG9E0,(FX9@QM25]@BZ[D&@WN:D-IRTR?W\YTM*"70[TYR8/ M_6I2"HJ+VHBD_"Y>_.*AF2C)I+;$M-HU5Y6\A%'8MPX3C&L]U[ MR,NMTUU)@".)>$*K75%>PN.5+WE M;E^'5Z]/\]TDJ7A4TFC0J,'&V5U9BZCQFW&QJ.D4%>:\6H5CGQ-&0>QNKXQ= MJD8JX>(.?2,_J:>9E)STP_66:*IKW\B.+!(E@Q4%EZD4=P%"](UZW08*[3IJ MRFH# GY#Q"X.;0%=,H(S=[(V>1X)X2Q6QFO!JPC*V[((,R#<(&>7:'XXH$*H M7&AT]>?@D%)'Z&(Q]73I(N_*ZE+<052#*2#W?K).-1M^.)N[$^.FVC\!,B.5C9!@++_5BKBHH[G)PC5+HOB#O4XQ0 M6=@XCRYCO0(U?DWXZS.I$H4JS-2+L89+\\V_^XO-ZEATW(N^96.!8C" 1[LL MA@/%>/:YA;^&\#7*/J)_9"9>D) FGO@T.KW=([GJK8P13CF.IB?$]R4+V M/*IO.4(FTS!.%KR)YPHK*'B-6%;53[1B.N(;Y!U,DL /D">X)E=@IT'GB_%Z MJJM>DX0%UEO^EH)"*1"8SP/MDZ'Z\4N"2=N.*"E^91OLX*#13:/YTC=^#E.4 MM;WAA9?_[,>Q]72Q\'0I@TX/C)2D9SB,F3G@]#O?5-_!%L'F= MA/I4_,G8L:&8KE X%DXNT^B2D%N$DL>7*$YQOQ4LX%/V- %6.+0Z.XX*A*UG M0C,(Z=%\,I^/37; 4!"QW3\@8[DD!9:O2844S#87ID.1,;O M>HP2IE"%85+[D7K5UN/)PF31@@ZQ6IT **F$4V_@M8??Q6M?_UW3VK.$*M>^ M^B.-CEHO5S.3X< =8K76GI*>:>V%!7^)TV&SA_C0P[\@X--J+0',%[91"[A- MF =!KE9&]P4%$45>YQKBA/R%I)T291 M'G8_'9F/SNL6CQ7423D 9AE63SQ^W-S#]VP*N_LXPQRIYH:MXNR_GF/(WAA4 M&'6U3529QK&7H@P7+=SL3Y:^\19]/>1M&: ?-R ? QP' 7@4D \S+.#NT+>V M4UUP>2TBUW5MW2WRT4?.IZ41>+XS'QFO\B8M9=NG^@V$47CI5O8KG#PY+&;^ M$NT\%/-!4O]=$RI80I4PJ/Y(M?W2&3O&C1.^6,V%II1#VZAE%DN9\9()D8BM M$1&'_GKG L%91<\9Y/DEAN_/++CYE!>4DXI"N_J6:4>$?6 +)OA>C[P)D !! M(FI=MDJGP$<#A4M*W4R+Z=HSOIG("MDR18+OY'XNKMS/9:S#HN7I6R0+%2ZI M)IQTB%J"A$-'NQRZR%V9[)8I+V$3'AE3+;YR<&A\RB8LBPT^K:[&.1W"'MOF M< AI98R%Z\Z,*Q Y$5LM9SAS<)B.-!D$^,EIO M]@215?)RZ4B Z#\C0>&#QO*//7>RT.5IZXX95!+YAPCI'R@7?K2&CJNK,*Y* M-9<^;$G^:><')2!":%AT\^LP**>&KVD#(0-W8D\5H9MSMKB8J2PEP0\!- M(2H[7/4!587-.*Y:4Y" 5LF3W\8NQJ[Q.F+*TJH!#!^C!P59T2KJYOL>A:0_ M!VO79,U$52'/KB)24$KT9-"LAI4-)D//)M*-DJ+6@7\A("/278#1K& M-&C!&6?AC;1=$YV6DV6?9VO@['Z-O-O&F^IBTK=!R(DO4>:CFIF['"]' M1L,3^L@JBLRNM0F0Z: ]X(IM:#4I2'K/$^78J$C%6K1.)NH:7$"."A$?D#"K"LJQ4>X>X2YW>,L787@?(EJR"B"S;[D([K;3.DL7%9NZ^>E0+;Q0_#\DMY\QQD>987WHDY(_FO"- U[ M#40O**?3D6>1A7B&F317O> ^1W_*,UF$IZS[.5Z85OO1 I#;D!)^HOCM8E)X M/'S.R9E % /"=0%*Q-\7K1V*@4LB44ZY!I]U]R&"34FONZ9H--$522:ALV1$ M_1&Z;69;J8N0EWS*E@QG?>4.%VP<<]5/!X\^-2,E?!5@0@9J1RS&KF>#+U-! MU%:7EYP5X+<%=AGSH#>];860Y!>=R]G(>-QJEW#-=2=9 MFY(N;'T:YF<8A,GG*,E.V=OPYGL:A,^'('G!1S\ZJ8_(CV+T:QS@6?KX;S[* MM*E'CHE)[ %CJ%KY,8(DL -5E=.::;\K2S-@3]V16 >S=#F#2%OO5HYXE9ZM#0I:K&@!9]K:HW'WP [9V@M>DN,C MT*ZZ(YJNE$XNPJ1N4"J4M!64.QN["WN^2AE1-76M.OMU'6.5I&9OZ'JN/ZC& M-E1<[)*/74X[AQ$MF9?S6%%[L?.N6Q@;),6KM_RK]&24@A;*@!Q_C":>R0C8 M$T16N&BX..>IK+MZ!HV2N/GNON"ZQ^R[%"ZQ_IH9;'%9Y3+JE#3Z)WL1(^-6 MBJ2,HGZM1?M=E'-Z ^61>@=2XNFV$>*MTMBQQR#:,DM[3J^2VJ8X K5'G3%< M&J\M=Z+L[[4BJD-P670R;\?"#'WYSDA0Z.J7TLVH_U*^>QJL"WH^ M%ZW(X\[G<^,U''K(*XZT8J62=,-M0.NH&K5(KMSN44S^QK*(N,34TAWY<*JK ME4)W(W(Y63L#XZKQ.5W7\"8]K;T\J#1,U5^/M+4XZ%PW19EY;D^&R_.XCOJ3 M:,K"8_2RO K.EI(4T-*+V=7"]W6IQJYT&6EA6[=[13&U?7'1GU2CHO4OT2<8 MQ*0)PM:_>760YR'O>)3Z1 ,H6VLEPT3C 2<^TE:3J&O1U*5NE2G*1@!OI&5$ MMG(H'T0IY/3\YG_3/%0P+MNL9DU]WE2Z#/PF'\T7FCG+I?$$W5X2*QCS+3/> M4*HD,^-=; G72/,>4+/)PK-$733#.'MFBUE4-L5-@EAW2(*45X::KY5B7.N&" M1%9(L;'QK8@'?::\1H-!\T3_CU$<1]^RHPHS9H%+3..@EHX_MS DM$/:K@H& M-MQC=:Z2[-0-UL8X!5I3D[YIN>%H0V9)@JBMI1& MH^/I!6 AT8KX"F8^S?:0%AVV>5$FG6R&4Z,84^C,@JKP4,_\"JW7-L12J$G; M*E]WP+7I:"V'O(FZ7VNB7IJQT7%(&[#)+UQR?4#790C_-7S_$H7IRR;T_H9@ ML^#BJ8.9B@Y2G:YWKGVL*:JE*FYJ^K+HCD-$U[['IA:&K<(2\E(=MI M)X4:,+;"V*J;E/@MM(* M\N:1%314'[G#RE 4.A,I'<]QOR1TZMWZ:%'/N2%WXR(*B]2=*+S0D MFD$Y8)]9VR2"P-#J%B4;/P?0"78![MLC2&@0T5,T>^/53)>)L2??U6,*XU2\ MCK)"-Y?N(\H,R1 ?>SH_P1,O>+[ ^'>4DEN&C?>_#DF*(9?R0JX3@,5 P_:9R-2=^[(-<:3$TTMT M2&#HW04A2A$*^="38-*$.6GQ2[!U ME8>/>=C(PT7\ZM"@ M*^+,U]IJQ0N4BY*L;>7R#J8Z5 O18K0[XV/P77V?DF'5N5O)3Z6^9W7ST0 I M9^%,C/>F[B5Q$V);-XWP)>9D(8VS 58NB=._?PG"X/7PVEZ>UH]YFYWI"ED0 M4MN3IJ0&7S/\+GC-U1^I;EI/5RL+@M0[I&MKSN^2KUG?)07)F_H($YR( M\XI#WDB%Q T.$7@FIY"/[T>2W/V]^09CKXRIW23)X954#$H>@N3W3]G.(M') M1\-S]5V-:'N)K9S8(1^:EP:;+I')4[>AZ;;R?S*.2QQ(8U^!R+.^&1SWZJ;( M^R7:9_(/^AF+7^1@'S+[L;3RSFBQ6NJJ@J;M4Y:9<+NZ/>4! M;R63_B97Q%S&6>/;\#BO\K;@Z+UN7['(,%'_8W:F6NFZ7.D*%U*7NOMVY3D; MTY[[$^F+D_R #?V)58WC.B652,;./BJO' CL\I'>;=@GN=$ '\O61=R\>]G M N%0IF)UU*8J%?XA&">_D)]/D0U%CT^?03ND0-#H"L3(C6+\%< $>&=)0N%X MQVC+)YJ=A+RO8?;5-?I"98CX&L;\ULS]A]'D-3MABN5>V6,,&@SDNHYO,C'E M/-(SFK=E P(G'Q$<\)"T2DU0#DK['AS"6ID#"V+7JJ>UQY3,&&5O.DSALX3V M$G'3J(ZQ,U[J"H97CEZ3%[]G'U=3&[',JO9^,^8VW8'!:D/QX1XB=^?.E6C% MXUP .A(X#F6%UY1K53RA^#79^B?;D?QQ+# BNR8I94'R!J$Y/6@T\FQP59PH M/CONYQ@\?)%MO67!?1N 3?PN3K=KQE%QS>!WQ>N%->0#-7L.!WUM+8?A($^C M-;#@R/.G%GQ\NN;)=0_N M^ 3_ 1Q0%*-K5(P[P3#ZF0S8D5D&.C'K;U>CFW MP-+M+7>KKST9 VQ -;"R' :0<U'AFFI2$[835\+(*#*PVM*F%IV^1G&:H$!I0#BTQF?JA MI**VS 2.E\8O!23D$VN)C,F@": I6\R%KF=!(\X3)+^V\2T)BMV7BY MMN58)9:P^?()-2#D!E_[S>M^%U%76(<^Y5)2[]C(66HKA]>U$)*BMAQY)9N2 M>^%L-K+8%N+3&K&2!181CY"\_>5RC58F0WT41.PRE&5MH_,A1+B+\FG-((2_ ME_((:9Z7OQ@MC&>FR8G8C1"Y7?5H]F*A 2)M*7UM:CH#5?K0-$FK3^MYH;MSF[A*.T8&V MI#=C]!67I1O/"VAQQ'L8>+?A%=P'*;L>'X>4VE(+;[ZPIB>?E*2MBZ62">PS MKLO,*'0I[=HD;GC2DI]3K/>>EGN%XYKBW5(=6E;@*5 MQ+X=A[D Y4"UB#@ZE@7QMX/6CO2FT\EQ( #E'%.0:4J/6XN2 MZJ%^%&=K7;NP-;+JU3F1R5>GFBD@Y@?=R41C#^!RI*VEA\3:*DHM]KK7K]K= M8@Q3MRBE'N)\\P Y&:O*BW8 :'??8+)(. ?3ZJT;[,3R^(RDMGVOK:^*0T'6N^7'FV MY&'+RBI.]DU?<"ELNH2$V80*)*(3E7YPRC#ZHIT R_$@HJ<::+V>0PLJ"ZD+ M+#9#JNQ%*?.A/%0RBZ(P39V^J[/C::RK&K[(HR4G):/A1A>"K,C%$NY)].^? MHO@1Q6^9XS'"'M.Q8 MEN2#7)C8T*0=2]69]W.HU4:@UZ/.>#G7=0,CY7KI.P&F_\6M>-C*$UO-*U,# MPR#;(L%QT7OZV$Z I;"YI)JVP0Y1CP'Y;#H:F;KP9TOCO>&E)&Q%V1/U4#9) M/#9JL.G,2>SW._2-_**B].N,=//W_)&K*]VO\^OO(;>BGG=A\G)!#S+6FR_D MQVV1P(AB-TB.Q1A5MDK.0):8,<)I2ILRS%'HQP[G8V1#F\M3Y5> >AJ!B(P% M4#&6_B/Z _(.+A9B6XN]P=LR(T:$2TM38.;SM6=!-63E M8UQJ'7D 80*_8;8AW&J*D,G@'Z:D F@G:)JDNF'#%K4-G#H=71IG-%^;U#?R M$O+!DRF=@NTL\.%Y,+8?'QXWGVX^?[[B1YXRB'1Y+7CB'?T530JZVSL+9/1H M("-;RT>1D0-,?P$R#H/)1K^@.(S"?S\DZ8&78MTFH?$6,]=;ZO(P=UGS73(V MWS^E!Y3!9#4-;%_E2GFE7708SXF*14@WO+T8#.2,H M.(<%RVWXAF@?'@F[2$"L"2J=XAX+-O(H\XS.B:_M:H(+%$D9VQ7]"[:SFRGG MN=26K%W;O)[IXM)W7:U0?%>2A989F*P0TA7/+[J(5A)6E!*C7F178ZIM\!9X M*/22^A0YKX1+K3&15BQP+MT^?!A;:2.1+WXBHB-Y>K47ZV#*:$)?] >08Q&C?M3ZRJJ1<%IFT_W19LV,XFNI*/.J, MPE24V?Z<6:/9[H[ON=K*5O2-L)6:P ^5ZW[F),[U9.8MC:^BDJ0_0 JG>A;[ M?+QR%[HNP\3K(!2O?P[[Z681RC]GW*"J3/\3[-0<>KW&D%#HIAW$)"8+,%V- MG9')]D6*8G(V3ZPRJ4+-/E6WHF<'P4UQ[45PC)N*/N[?ZFJR.CD1M2;,= M< M(H9/2F\)_?5R8?P:2E;(UO&KN*\D.H5V;GV\_Z4[B?$4L#".BX_1KIF8TD&K M"R@=PAYAPB&DUX 3-%D;S^66$['CA%ZHE21CU*9+: TS6> 7U 9U25U@H2ZA MI/1(.Y\[8^/';UDAI74)[*A =TJQ6Y*"X1>>0M9T6B2ZBMNR13LF+-5_I[OZ M9#6'QN\?A9*U,I(P,38R"H>K#:Y[HMMJ9X+F*;9"H+G/9^NHTOZ5WI\LT,*. M(@H)0$9=M?9 1 P]$),QL+Z1]@V=DD!77(_CMJ^L"38(="7+L<0ZILA5 M?\W3SB;>S'@]!8%L><0^RZF/H M"G/I.;EC](OB -1&F"/?O.OD--%;L3)TM%K:+JDO6!06;/I7!CTZR\^-?V)2 M'\,ZT').5ZH#T!2YE3]9_T"@98E^!M!VG=&&6O2B4@7;@5_[-0]J6RP<"V(? MNL1K-X6GI -:Q0\P&S_Y= B]:U06VV.>[]B$NL[%(C&/IV,6%345EP@YQML! M2QO94@ZK/\'AE^!$FK31\21Y]WA$IX?E0;##D!PP/^B9/P3U$[?*_5]H^ M2&F1\[02$_;K-MJL6ZI3-[<)]F26'4*-'XV[Q1/U#CM??^XS>5]ILJ5"Z+Z0 M0Z-_MEOPFL.63TX7;SH?.5;4C9,5M(FRU?\-*LFN[,#]_#YPT"RCGV$0?HZ2 M9-NN1"VH#"[#I4E)R4^@5%G=+'DC&;32EMS/56"JPC:!AOG!'_$(?P+,HN$F MJL[GDO/]?W)\9NO/,R?1582^QD3S+49PY)CLG=937.F^!@7 !O7?\21_BJIE M(+'O1\K_?-)P.NM!GS;E>LWH?F/1;A=P/%\9UY5GFP6[]C0+U+B<:[U:*'$' MNK6/P4K8\_W89QC4_D^ X^D^>41ZY!S-9\BX3C_S7(;X* 8-81+O:>J[H"4& MAZ*I02O6K25[29 R-WR3T MDK@S2+>79:O-N9O''E,A'>1]/*1?0UIYGOCBN[V]72/06WVX1(ZU%Q!J4^BW MXN=0-F>JZ<$JGLZH#BQ!K[&.1Y?0G37MRU*\ZYFW6)B,,U 4L[6S838<-Y S M@B@&-/9WP*K!130$_^JA2:%I>V(+5NY"]9]I"L[2@X[)VBV=@C57O*"UZVX! M*\V/,$$>+K:'PH24/]]@29])Q.#']R-)MH&2XDC?8.R52:^;3,.^%FU2]LC- MS/\BTOTA.POP7.C#/U=S'+J.E]@*;Q_RH72_'$W=T<("-:MYNJW6=3DE> _0 M0(E:1'RG>X:.R@QQ;/"4I;F&?)HN/]#@+ZQ>K7N01]'(0^2OD/$\)5V3;'Y; MGP._%EOY3[@O,H(RA]5OM0?^L#LA)Y9U^*?E?4PGXYD-1PQ=\^0&V=Z+@VQ_ M'$!1G?1+M,N&V07INU;CJOY8ZH#RUK.Q+@^MA$=%^[Q;O3Q*VA\?;@]!\ONG M&*';,$79>J5:P,9Z*+W"7TW7GBY+7C?4NF?=SK-.?@=^Q@*"G ?$&9/^C UU MU\?264RGNO:EKIP-D7P#>T XYZC:!G>/XE_)0S-E%,2M;KTR#)I.,U)BLS-Y MFM34#S6;^6OCC4(4Y!1;'R!C!M^HJQ11]A]KA\A;"5?ZF](.IF?=$7@/H;[H M.7(7NBH@[&D9PQ3&Z2"[@-Q,FYBJD .8 @<]!V&(_P,GP!.)?^C#9Q?&AG[Y M/\11T_R'^$.?*3MGUOSF?B/C7!*O$:@^#%2>!IQW4*7+GPC((R] _M#L'\?' M7@#ZX!_['B6?V<_$,+H-:?77@=:L^9 ?YV-EOYYS?JGU)U#+Q%U/YM94#!IH M;EP;G3#96!>:_+BM.[/8D% >)3\R0J2M#;',0?G$:7!7N*3_9U"@GZ+81P'I MT+0)/7+ (",,K5,EGOOCJ%GIEWA.S=OY4!HB.I[YG@VIQYJG*_AZ__]#< \+ M=>9/9A-=G1WHD?(F]/0?@?XU$\YZQG?P*\)1=,C;9%LK?$;# M72*J/9KZ)1;>;*4K:.W_:^_:>B.WE?1?(0YP@ 1P@KY?]B% QY[)&CO'-CQ. M\K /!Y1$N865I8ZDGAGOKU]2E-2ZD!1U(]FS>1F,;19517XLLHK%*O4>&'GY M_]_[9610JF>BKNF\UWRJO,"Y>R C!]0O3@0N(=T(CON9+./CN[Q M/I_.N(UFRZNZ7)Y*_O[N%(.VL?&QJ6]ZC-K.OJ]%KS/-DTZ9>VUML>S>1AD" M7@ H2]_K!I<+H0_NG3B@U<0@G&U4Q6FKV.8&#,%WXE:>!*9:I^FJ=KQKU +S MJW!#3R3WM)M?P=3U[W_?A^MBXR[G4%5.&]7N)()V.]X %#&TP[ND-RUP MBS;:7Z*/+4SC>%=7PL]Y=R2/:=X?(&_YIDE=4%VKQ==+'R??_C6_.?@5^J1J M%C-DO6]7JI(A#!/U\G2@7S]91B:X7VI/[3>*! .0#&Y T3>P:.0ZDCL#P(S[7=2#5TV&VKG*Y;YD%<_D3Q] M]^M2_=%[B.BL?_BANW.W,U9[:(S3.G>\ Y'>U(64Z,0CAG:S']A[H8UUWOK!UYG8<@_#8AE4#+[2AW6M]Y]PMG:T9O0W<"C&V2Y;WNX-V"P/KZ\1>H4)R845 M>4'LV319EL 1U4JB:".49+W8]EK:T^I.[GZ^TGY52+AF9"GU M*K(V!XP<&0W#72R7&^UUEOLPW %U2MPJ'!E:[4DY.KV $UN-,D39C?-^M]=^ MQ]B=W0Y04W"#6$[5PB_ PFJELJXBD\%JH<1*$SKB^\5FJS,J6HHY=BG#C$ B M)ZF)MJ>)>=.=]1+.OM^DUEQQ_TZ?KCJ-^&J+W*6JC2E!D1G)TPNIFX"C-.#O M+.I3Y1.WW)F]4.414XNX=ID'YU ?E-6;8IL$?+$V_^K?E>7L;C)52M%]^6,Z MCHO-!JU7ND])?+:XZD0FZ]AB=J:FQ'H6.JBR64^X>$B*RD31.0B6QKFID MEV8LBU(;M;J'F?J:V8 &S.SVKJ7=ARMFC:UN)2?\./-4F[Q7RU4H5!)0FC6N3LO"N, M^>R@/=2D\ZMT>5KU82G=WIG+$E+ELD!+1[M]W(]EBJR[S)%Y'JU M@*ILK>'7Q!,.@"PV8Q!2Q3GM4T+FJI+Q $D2:BH6+12#6S2:245M'KBT5MH= M2#WXE85;<>>EQ]UD>$K#_<9>K%5%N;3=:8XMTY5F-HQ'3&W(Z,NL9%E<8;LF MS&IT1)W0^.#D:H]7'D>$ 7".Q_90#41X^3)P4';#1D^&H9LM:&=L5[NAMZ;8 M*-WHK#7S<5DAQ\K96>_(,$R/DK4S;KY16]C.>GF8;U]"+HCG]\GMV=,5N09VL\<4]XBC"K0 M]25'[N.OD^W(H,2$G3UU3AXXM8V?WG%PW)H&Y MFV-.IH]\_[-6VA_R#.9^ (PU..2$\@GO>GMV9""0^7?!O7JA<)B[MG&7)WWX M'P'.=OOML2) R[N7Y;HQ$,R2CF69/E(@V'N$K.LX7HBX'P'&"AW*;/E&R=YM MABNY@X#=$-PTJ]?V:KNX#@ +F!^ 7_7^8XYT@YS'/?HT"MK]W<:=.\Q"'VQH MG,]XH"A#%L'E&R99BP,\Q5T[-'0UC*'SA5Y5:SE?F'8K/D2.D1:![*XP%4ZF M2&-N;6:NI>J^N,VSVXEAT[*9I]^2V:6E2?7F^&W=5/@^Q0(($]E(DQJ! M.'[:&TDZFA-Z#E=(>^FK7AQWQ]VT+ZK$0@C][-*D1B"/[TN7I*-N.W?E++27 MG^_%<7?D3>L>;UL^7(>X)*$1J.,YO:6HZ/Q9\[GI.RR3WSZ:3GTN'Y%T(]7? M6,\7EF.X\2?@6GX>%?AS>>QW\^#VZ45S*9@.7MKN760I,99PI?WMT5#F.Z!U MPEQ/O=';NVZ1;N]J3]$Z@+:IHO8S!SK:;Q(&<=X+KCI=I*,EI:CFC%6>%$3^ M\]1/Y/GU&D+[2=TX',J731!1K(3 ?I,AT)@)ABR!. U*EH0>XY6(] MU^X,[LQMCXPSWT4&4-7EI24_32=GC3;*KNS59PN5EU\>G!->ZQN72%1#67KI MKU]ETE&3=8'60'AM JM+7-H2-7'U&4U-QC9>G[[7)C>O_& MV>(^>0%Z=&_QX=!+/D([K:C(R9TJ1Z)N,Y%AO;Q*1.UIE0YD+Y:6 :I;GM-& MM:N7Q]O_ G\>GI\/#R^?P>'A#M!?/3Z]W#\^? 8_W*$$>GX,'LB#U<3[@GXT M 8;I>GS!7SE\\V+.J-3:J ,:D[DRLBH-:(ZG[=9:F' *$+#6\*N1IH"T!:3Q M)/Z(6ZQOSWX"@X1?'[S91I&G@<=;:[GZDJ5,7U(8A9JT_UI?6T M%?%>OH8OQ_ HF4K:@XQ@VKG_EVV/ZF08K.,AHP&'GT%.-BTJL%EGGXGZX5?/K7GR M^TL5R^)^&UI>8NW%M;[5I#FDN&44X)0=A+DR6$:U.BH\0 M :TN<9AOSW"R" =\=CMJ-Z&=!57% M_K1-@A2CC5,_)0(7JHF5)W&F/:&(G. ^H\A#\>$Q0-CVP-(EGN6C)TR-H@@Y MZ?*\Q[^/D]0[]QJAU',GT+2C]:U*+8\\&!<=/E+'].W';+.TM5L4TXA47PZ[ M?P+:.3C\- >EWD'1?;9O7#X 8/Z%:9?.1R^*DUMX\A+H_X&_1DJ ?K2_\-=# M"X$BD$NQ72!7V)H>!*&#]G/=<.S 9QUC*2G(:$%.#/[Q\?:/?TR+H(8)"/H3:*!1A2([QRX%)V)RF6%RM7?W9%+HPVCA%X:TZ)\YT4DZN M%D6M%E +@28,B:T@8>NL#MURN38.00(^60!".8#B%$"A3F,HOYZX]6$ORXH]Q]M=X+CV9;1W1X=I8T)QPXQ'DX(84G-*0@M+T:YGRIPA;\'"A'3.?5ANG/6@%X$O]+5>::EZN)NAT=WC7+++ MS6"G$5%Y#3\) '5FG^_(9B.^+J<#9)Q 3DG E].:% G'FB!V2^K%6CN[M:IK M]9ZO2:J,-F)Q2F&-=CG\$7TC_Y_F^=SO083L\#7P_K?*Z@?Z3=:QLI5$T:%= MDO7BV-[2GEI4,]>"VA.(=>*T#J,R<4<<*5_C\D&7U==5\KJA[Q?H&+MS:ZUZWGRG3#J+SH#DC45P^?:&!X:,P<'^Z^Q%S4-"LPFMINXZ\Z6JLW_K96X+C\WH M3=(^<^-!2C')8;+L9?P#Q9QL?JQ6BHZ,? 8+ #2;4(-JN[?6VDN/M3$GVL9C M\"6EF&3F*4^$)2]X?4'16]T]P&VE:.;Y#%[*C36:T(34MCU;:8]^:V..K7G3 M*2PZ\%D'3)D4T'=TP+D0:S$:[[*P"HZ]\Z>7'.\#Q_OB.6?HM[YZ[-\; MC1K&1#&:*-3;T\\(^=L$]$>@V?DPX1('27O=\AJIK07 MM*4[^7*[WJK:0+CJI1NK]?DH"($7@(B2@A.AQ5N)E>C1(6G$7WJG=G>.,,3H MODBMX_)YFIE&N7\O%+F+Y6JE*JERNP-QH!!"NS*FK]?I[25(PDLJH2E3+4O6 M8F:A7)K4K)+;#<4B29=.Y7SFNGOMUQN]..960H%93H^HJ)-ME^ID^[@C/1$O M:7QP3+2HFZXMCGTATSXK'[*QMJITB<1I0)YAX>5"R<:8Z@EYX2TK>4.ITFOQ MKC':*WM:WLXTRV?9:$P]@W!CS[4[K^39%#LP"])LSYGF)7J(K>'2GDB];7S4 MB-NK>ELNP?3E$;F@,3WFK>%^H3V87I[-.FI2RDKP:N8!G1(W'2"C&RVR0!$- M_MK>S#;:DUE(<2CA%,_ M1KQE^YP_=-('C=;J43LMTMC7F)H4=T7AS%&#>X(P5B01]E M=A]];H)_2!<'U;_WP0L>H1C:C%O ?ETH#'3J(5IEM72@IX;R%BWF.KTRPSEG M) PK7D>?BM?1%4]A'/JF(;F24+U]C&K-M2"4R3('C96VU+6[MU;+F5G($W#9 MV*8Q%7F^0'$E?6,YCC/ILC)(6-OO)Q*>35W=E[<8+^'GTY<67TB'?M0[GSH+ MR7)*27="KZ:=A>MH+\XVG'W9VY(T*/)\*EV55)Z#)2'X_/3'-$DCH!?1DG,N MR?)J'Y'S,2)OA>D=;>75N: Z;Z]N5"68Z"_B)>U$]SYH?5)HS>:N;B /YE[\ M;-')^@0N[O2G_'H_0WD!XBE+UGP*85#D<6F)/>.W583'-F8+T/$:4AV#]DND MW>LFQV(=/H2JE!5'*L1,W6'P/K##-_0"OV47%,F[(,$TK[&Z@Z"8W?(QD-V2 M>DAG\[G6VZ$N/#;#%@D-P$2@H)HN'?5'Y* (^@6C@OQ*G):J]CTAHY>MC=F, MZO^5[2I[\<#?O208;&Q0E :4H#%.SIMQ5,PSLDGN!\_U;$C#XMP7]'8*(QB] MOX38\'F# =:,U'_$62D=^U"GD'H)5]93G3K(B^HZRO)ZB-37 -;K$"X: \=S M710A// #-=HXX,W#CJDS$W[+7B3_B@+D>KP"(&U$ZN IQSXK:)Q-09U@Z_E2 M:]+;/KS6$4=,!/I*'/I^^-64KFLUW7-J$&RO02-C)V MH026>=D8$RW72V4/H]O@%4 M^;.R\(4&2Z5XA>)OU$&QV,R0]@=[7*Z8LSMQ#F%J-[7:M'I,6;$%6[8+W*,B6.4Q'B':BGS)R91?\87L19YR2]?DK"_S !==E)*G@EQZQ;&$7O^"A$ M@FEX'E@1@3K$M;-=QAN_-4T7N;%=: +:9/EDG67#G!;XF!C8A!IDY%JBY_C" M%(;O(;=[NTU:DYX.S\*=K50=+R1>Z_07X$H\!7UF>, 8F:%?)@*O"9=!O9AN MI#PM>@&D&U#IYP99?7GN!'M5J(CB60M+:MDF0F MUW)OTCFO$\_M9J())SO)F>LV$%H]$N- 3Z?SLBN?C8-9 ;4T,R%QCX5)-=GLD+X#N@\8(2)L;HW]%':(G&J#R"ACY M$]1$@-"=ZXR;5")<(RL3N3D(71 T'#,HQK]WB3?0>D]#>@VTZYO2U@-M!]V[4K::^(I:72]<^J&:&UFJO,T)]'.X9=6MQ6Y*#+#DB4W'=105\ M""!)U&4&GU#LT<^=@B]UWDZCV1A,$;-W5WH2(D['DX!GYY#R/];Z>3%BC M7H]L5NO56I7*&N17K[([WBV)62HJC4LX!,XGS,8E3+N1X&*<+LU24VVB=U54 MO/[H9K?=(,>$E[KC2<(.<6E75>H6P"60ZLZ+Z74Y.:/P7P2)"-2!MYWM,C3Y MK:F'ST;J%*X(>+)\UF%UH0-E0O#?A'0:M_[F,'=Y MN5UK0#>RW:8^J$K/6]$'GK:>]Y?A\#*.$I*O^A&",BB>1@MA(,8&J:$D9 MMB_QDZ+6]&W!J]'S(CSV3Z&H2#^ MDMU.$5I$3!8@836BA<;Q.=C1_IJPG;TZ)'(*0$D4Z9&+44%@**%'V 2J]8B( M[:8>8;6F^AS.-U![P9T.? KT2"G^)-4HD^+G8-M1FJ8I07@HDH]A]'MP@I[S M)WQE9QQL(5"$'RFV"_P(6V?Z?;986;KQTX'/.GXR4N!EM.F#H'-*#;X2'K;HHW6"K8K+O,B4(:6E[:V8IRY@B=9G>F?.VN33!K.TTDWV&1.WE M^N2P-..BO0NWC.MV*P$7^AN0]W #B)@*2G]M8A*%.1(E6*_D M212TI]4)]MO=2F>FZ^Z<,K)RIH^%0%QT 6!ZH:KG1'%&+V&IPI1X@OBM:: K MI9)JB"5)M5(T!Y%='93=4M?1&KC:VDUHZ^L5[# MS=:$>^%V#AOIU5(SLQ1P2RJ_FH"?JAF=9WT_2@^(9WCZ/_CE522FX"J#Z?K1C]=299E;[@?U[P]P2W M<]S6"D\E8H8K!Q)VTW329B[<[4QXI27%9,,_5A"!E H0LA$254R"*:;WM:6M M-CPU?:["AO2A)UQL+1.4E 2+K4AJ]Z].:G)$^)1W>,KSW:>Y=053PF].CXA; MI*[@M$SY7UE^Z[.T^R>@M.#PTQR42P,4?>4)L2?UC^=ICI_PX) D3225=RG/ M-\N+VTJBJCBH'.N7HJ#B]C1@?.DZ^A.M=^*T400T3S!]RJAI(G6[E&K= %\Y MS03FV=FYZRGR ML[09^E%.0HL]A"Y.R,]9;+L=Y\@68EP"OY*4\YG59'1XV(SLN/ M28!I0C*:CNS*W']DR$Q?1]%. .W%B">(A.%+A65^60.)]FKA*&2ZCD!FXZQL MY]Y=ZSR<=&23N9'9!=V(9:['P==3%-H(.6DRT]*)G+#-&0@AA3J,23!>1IF@ M.7TZ,]\ME1E9(IQ),]J(;X[(XY%31JZIUCVC6!)B[CNY>=:P M-,?H]-_L0]/@.79".]WN8;8'U6:+88V.),TOM'QB6IL.V?AP0:[_2 Q0"+X> M/?N8/DQ-JP64:GV!, *1]WI,P!M\!Q;*MH\$.3\#_ V OL&WDX]N@'5.0! F MP/?>/')'F(0W8#V;W;UQR@_+ M$)D#*TEN234;_YP6T$H!0N^+ 8D_#O"H9C^>PB@]1MS0%X.D-2W'!5,T$4H+ M^@3%>)(12:N5)0" X"M&8H("LEN\D4)S&!$GC!-(X(2!Y048J-#WWX%#NG,3 M N$ I4E["#HM]!YB7L@7+F\7[7?;1\!S@1\&KRBZR1!NPX#@#WVSTW>K3AK$ M"$%\0K;G>OAG:L\3OL@G\!_?0@/ ^ 0]YSZXA26D/'<R0X_17+SEB"%D%J^4# MMDN9-4&A53WD='5_#OUF94%>0X,PPN?PE\/K:X1>B6Y)]Q(0T#TO7>>^3S06 MID/H#;** /^ 6]5_5VH>8W:Q&H))IFQRF)"?TO-4]",X(M\AB4M2XB-F"B/A M9W 78OB0W=%+=6GER_0\EAQQMT?X!:M)A'5AA'+GL6,">'Z#7O 8E *'WB\6 M*'GV'V8+M@$F64)SP-6!XU_NBCI(>-:2KV3B"!;<2C'*+#*!''[PQ,-LJRIV MRS&I8WF*/ Q-O#&^$7WB)>]-4)1_\0G_#_\R_Q7^ MQ\)(^N7_ %!+ P04 " "6BW]2__G+E6UY "(Y08 %0 &EM;&4M,C R M,#$R,S%?<')E+GAM;.R]6W/C.)8N^GXBSG_P[OUP9B)V5?%^F9@Y.^1;MJ94\_Z(IBOK+?W_Y_.2_D%?\4Q1G M@O;)7UBMK)6J>JKKNK_D?V5%2R5_>,F2?4/_A76'%D^C?TOSSWU>^;E0):I= M<$MD__J)%?LI^]5/JD8I^OE'&OR%2N/B8BN/9+4DCR2\R/[_Z^/=_IO1ZY+\ M[*]>?\G^\,O5BHY%VL>\RDM"PO_X2U8@XUM1M6VK__.HT/K]C8[)-'I]6U)P MO[3X8IRNEE&0#=Q+O,RD__1"R#JM[T5-Q<%Z]D#'>KQ^(>O(Q\O6W:QLI<\^ M/ZWI?[-U(9V'\S>2Y&.MD5C%+0S5UZL7'#^3]"Y^6J_\/UY6RX N6S=_WT3K M]VL21GZT;HM!ON7!L.'TY7:Y^MZ:AE(#77LZ3YYQ'/TCI_; \2P.GC:OKSAY MGX=/=!6/J'1PO)[Y_FH3K^G*_4 [YT>D%D=/S7=%^6E%&Z4R]4D2UW6YJFS7 M[\_2E*P?-G1_W.X!P@Y4%N[:@X>$O.$HN/E!=^"TGC=.\>Z]6-%!L'ZG R"; M=V_9J*[O"K].U_[.E?A*]Y2--OTG-(IFZ?8R=:)WOXO0+='O)MCEZU9/80R6J=E\'Z8]D@7_4 M]Z:B:&?NZ+@@?]]0@#??,I2U?''*CWP6.M.9J.^S4AI; MR"Q?_!H]G\ODI"FL-,0934I(M17[/JU)]4I8J<_SD1QU_!H#G)7DNE1;<1U^9JL<;0<>F$^^0H,S/?90,G&\WG ES[7I[:B*229 MNKWNGY+C3%1GB/Y("TRJ]= D/)M M]'V"DI1D3;6!>J6V[)8Z<+^DF96M/Y3VL&E_F[;3Y^E93"M=%-I M-FYHR)NQY&1JT,09>EN[8C9IXPS]U7KHKW;&_NH]]%<_8W^;3;V&;?6HZY$^ M"/-J]-\7B>,OMTK_O6EPZ*VM.N!;6IO]LV%3?;]V-9XIDO7Y_7Q+2$IKYMJN MS_071Q7(CS6) Q*P9K(^RU@+KJ-U5E#9_D^]^.E@E_K315[RX@$_DXN[.%PE MK_FWM_:)K%?+E7_4D65F'KDZL4;,^I'2CN1&D"GQ?WY>??LE(-$O5$!N]L-/ MV0\_*>K.!/)_TE^A_.LS+UTG]$+#VEMBCRSSKR!:YJ3(+V?JV0T=;^OW1_(< M95^.U_?XE51WL+KD<3^+O,X2_V*5!"2AE+ 6<>(?L5FV)MV5^.4M-T[\R7^) MEON!$":K5YZ\=M)9U72W*$3ZJ7/+^8IB2O#RC@[O'W\C[R)!EXI*25H=3=(< M:".(FLWZ!6VW6L+'):0$JXT@V"H@(\AS1OL09/VX7>+G:H&>%)&2J#Z"1"NA MC+8:_+I:;JA;)$-T&Z4^7OY.<'(3 M!YE3"6<7YI:6$K@Y@L#K (XVO'\CR^7?XM7W^(G@=!63X"Y--X?C6M4PYU:1 MDKXUVG"O@3H:!4^O>+ED#DPBP9\4E!*W/9JX*V&-)^07RCZ]QKWA6'BB.RXG M)6)G/!%7@!I-PC>O)'FFU^)/R>K[^D5"U)P*4C)W1Y.Y$.9X=Y;M_O)(WE9) MIIO(G($VPL6$5T/N!C/>95&,=,2;S -)HE4@/+APBLJ)?(Q;HQ#;:(,]/ZY> MT9X\KQ+A"G-24$[.8UPB!;A&'-';T^J6^UOZ.\YZ(B@N)_$Q+IFU&$>7>W9+ MD)9ZH;"X==;@&V_S/+R./[U0D.E\L\Y#*=#M1;B%"NO)\3#&950>]6B4 M/&R\9>3?+E>8HXFO*"8G\/'NGQ681EQD9G&\P,N7I.LS]$W0@^L>'=E$"TDO!IRPA_O M-BI&6B+@WW\IX?A,?S'(HV]=W)7"0[!V\=/%/GQ%]@X\OW^:?[Z[GBUNKB\N M9Y]G]UB!X;5]MA+W@TWE67J8U<(U!,W'JR](CQR/M-@"8OAP+-#)2@;K*4 MAF2_4Z:-H(\GE1C<7O.A0""(3DUR1W^LNARS<]>H51S&? MHW)91 @.-6CD< 5>R9, 53>"RD9HV6_0$TDBDL[HB8">:-:9G\NQN?<7\NI5 MOCAFM>4J(^QBU7%AT"*0[S$?+? Q@M0!")K'I*H;J2Q']?618EH&T:=+4P.( MC"EMQ+5NZT]6?SH]+H=<3&P5"$N"K;]R<>- .5C>C4S&[H8FR\E)<:0KH:N5 M[M/C4,,1M8 6'IJ#^=YXQP*OZ!)'N>/*NW_2*&@WG?:!(_ M]@SGZVAVY2N+H]!3?-.:+"=B4 <#01B+EN1BA8AJVP&H1:H1*=5@#L:#;VS; M_[R5 [>C>2_7JS5>YB5'I/$VBJ,U^1Q](\&IM_D]$? JKH<%%D1+ MHCL8+H[&WWS]0I)=SU:Q7S<=*XLC6\>>/UVVQ* .YHXCKY5UBR32O,!4OQG5[N=+^E1N._Z4[IL"\@Q'3T()\MZ8YP'.TT([$K?NOAU MD$9(0( <_QO344)*O7GS% MT JFHF.RE6SH)E!"*"2LN@KR%$O');7 Y#BK05>P/!V-MMR0@*1KV4E671[9 MQ#8=("^,;0FK@5:P6AV-K>L-6:P*<;AD9AF_#E*-((1R86_+F@2\@NWK>,R5 MXD5)<2>HAZ8NN?"&^M1;ST27&[67^,H[!396W 41B2H78H;-((,534,(!JWMGRWP5LP2@9!=B-2&1C'-HQP MXMNJ"%?!>!F0BJ:):@;9KN_:M0Z4L"D2P"I88TU;N2I%*B*ZI843WQVK\!1L MMB9(8UFYF"TJ,A;OHGHHU!S#@Z=-;42V)$0(EF#'I[9&I]KM.2Y43-T%8_)X^LQ-D;4F)J=PB6JAJ73DL@QL*, T;UUH8@+C/$SJD%,$.2^)'CY@*/@ M+K[";]'ZD)FY0KE=70&%AF<1(,?++FS5X6.DC:FT>\H1#LC#5NA#N1BWHJQ=G 9:V,J8;Y$\2IAGJLD%0?CJ5%9WM=WMG^XE^.6OO7C^Q\'P:^8YX$@@^<9=@G5PT&]V M!Z/#P5NE9.Q7TFOBK>]BBBD/B/?$B5UCZZU. '$)2C9&L\VZY=5DBTA4ER>5D(D ML#$4Y^@>..3B.X0Q@,-=GH>G"6_;"DBU?$\!)ZR%1< MS0.BT>F'3"Y$ ($*JGI:MR?RZR#/,(@+)-1$G^2=P(.@SZ[JIM3N6%,1A;:B M0'$^Z9/#*HPEM>HXK^A[I58Z#^=O),%''IW%%W1#](+^M*#_]^7F?O%T,;^] MF#_0I(0$0P70W*^+G7;Q"B4G$M-> M+F=Q, M>HSC*>IAYV>_ZS">NIF+F11BZ0*+IU#-12: L1 JS'SSO,0I";*$ MH[1WN80%>N?*\DA7J4" *+E:DE:##(!J\@N.\7.^CMR2^GE651H%AJ)Z0-X& M6O(DQ 5 "?E(94GE\$)G_S7=:I>KMZROM70)JR'+5SPH-Z^6O,D!!*"5+.%K M< A!6FB[4 (SM"2*#^J@UO9,]GF5RA![*(QTHMD?A=H*6)..MYJ' M\-V"HNM+@UN$L!XBANV'0+25;2F70PA 6?D)1W&:#4F2SN.;'QG4392^;*V^ M,[L.P9VBKBIR-1_[0"Z%DI147RVDD1:TF)(3VMU.Z)@\9UJKL:=TAC0#.H^? M\)+,PX=D16? ^OUAB>FQX>^;*#\_B,=$?7V$=6+[I=2(TQP8#> 65*-G'AT< M:]6L__/X%D=)_B0V"_[/)EUG73X$\*O:K[.Z,E61JAJDG )S0CPW1@K!5)4Y MHM9>?TX*(H]@%XHM8I=IR<-5B/4*8_[-MH:2N6CG(>OV)8ES3V^\W!I(I_2O MMP2O-Y7O^EE#C=M!#G8"?4%)\^B.W-U M>12:'C&@J'T[3/@:>(5(LY-D.Q=-EB4%IR];"=4N[=PJ2/,]'4JDFBZ/PF'U)PE5"MN46^ =)K^D/Z3KR13M^ZT:1 M8IHF%"N_;J>#[C(HQ+^=[-"BR':"V^Z8M38$I0K(UHCB?X#]HPY?MPBXG,,? MO2Q^B_+#R2K9=X!SP*LLBWS?-\ \4+0]Q(FA00AK>T_/%A+JZZ-BR#9TWP02 MS+;+U*A&->U8MME;J!3HW7V+CL*LK#I3?K"W@QF(88UO9Z^A;%) X2$\,T[(+J^B=K$DKR%6(J4[Y M+- %-(10OT<;Y6R9?XD$B]7.+BW+LD!_D#T_\!M H4-"*-X;\+G@W2'+=K#^E>J-H?0*_2$7XI!O'X?B-7+SA^)G3OJ0U= M7/0G,>7]2:[^.KO_=/-T<7=/_S"_^MM?YY^O;QZ?_I^+F__Z>K?X_>)?KF]N M[Z[N%B!"-;:+F"%1'3FA$5BC&F2W"]88*'ZH #ES-9-TY03FH/L(T1II&Q7<;9Z2D9LK*J&C$#5H1A]MF)+B*J@.QOO''O< MP;K@C97%$3:)YP'QRI,3??6150@. EN%V!3;MLJ@1* H05?-:@@:,:J7V;JZ!+50JIE6U"L"UJ0 M)H6MFQZ,%X2X< '<*2J>YI>/N\1"XOC#$E51X :^/<'9U!A@M[Q8/3J+UP80 M.HJI8UBV9@#1* INL-5WJ"H@;<,)OY$D6F4JO60]]I-@QT1,.# "*%.N,:5\ M.(>8&M,F=CM>KS=)9KBP[5L^CN_)]_Q/0E6(3'WDD%"S@001:#4 Y"%"B-!1 MW>/< :@]I\?5D86=L*R\FS2E'(2=XGAP#CD%Q<"V'[>KY.8'\3>90U8QFLAV MF''..PU;0<0SE1"(69\T9UV =@KNT96ZV6L6/;XK==M6D&>'A@E-J]PK=2= M.X7UD*7N>D,6J_S?O^$DP?$ZI5U+_"@ES>9=73O("W3%GMIJV0UJIW##W0EL M-OOJVD&F&@3>U&XEW:!V"BDL2^!7>O,]>#K.0V[^H\6J%.1:EMPNWZ"7<54O MJX"G2'PO8N@4]6/80=%LQG?Y!G+50 VF=J$=3@R#9(L[4N[O QCL#$38TO4I M^V^E:BGWSFG0! H\V[7@)K7B<]H*Y2#YXW@]>23+S#HM,XI]SWLU?\M=%7\E M:7/RQ(TA3;=T!\B+9"\T2N+M%KNC(:'WJYC7K78SLKY!9-J.;D*S5^M"; /, MA=@? Y&[C1-3[$_E)>VP5<@0W+A1%/B.IP!Q#VA/9R,ZBP'6E=?C M-I#GAXXZ1453.YB%$!UG8^WX=-:5/UYK*%1=8D(SD^N!R5K A?@; W':/%*2 M;'5DN*8/Q;>^/6LR" NQ+& XSPG,18Z7TEK\$((DR%Z$NR)>T%;R+!]PYW:-ML=;C?[] 8/ M='F,M8=-XK_@IF\[U;61K3HNE) &G1_D1 "[6:JWY:CQXVE%;40\6[,^Q*-- M#^96E"6M\?V$%F NM\TF6,-FD1VXX<=X MD6F+O)MM>^]T-YNK#9M%9H"Q,<6[3&_(NUG(-Z7[Z):\[6'+"?BH15$+*)""9K> M/W\50!EWPYHE\3K3??X=6D%8-3PR125[6Z",NV$MDEAG3I[GVD\];D-("72B M3>W6WQ$K(W%8"R)!?]K-06Y#R'$]Q0'BHCX8B2=8F9/#L'J;4]ND4J?V!V?F MG]C-+E"V?12JEF]-35$[C C82!A6.]2\F]V, 67;1Y:ED?)C_9]C))R(@(V$ M7G503R2)Z/E;Y9HE[M5C5SA]$4[_-DTAVP](.7#Z!/CMA)91V:M^J5F/A/.W M35-(\4/?FJ(>J1-:1N5P!D6G%J==;#LK[!M=*_0FN<*VP,C(.JL=T4['T=F" MJ-0.TEW/AY(ZO%?;(3Y4QN!P5D/;C(W9CGR1J>ET1$ 8#VZ[ M,!@9Z#I&+U&]0 NFIN"IA\/"&C3.@E/-*X" U_3T>[MV3<&&MDG?4JSYA%B;Y\_YIFNH1] MDOJ9OZ:;Q#HB$DB;MX4<*R .-/<^$5&5\[D#\$,8JFD92H>N92E B.L@?AZ= M%4C;QI5:TT5^="OJ0X;Q=+%Z)/XJ]J,E.0*Z6/6V$ SQ-:1YF@G%T[#O$3>H MP #$OKHFE"<_REFB/R])3E<<%+-M\X>33&UZ@%)<#\,8'H/263F &HEHB-!9 MO%L^! 7'WD.(9I K&B.O^*T%!(A\!>DQQ2U_3V^PUGKMP'W(??52]" M^Z6SIBKR SLP@)A3CK&UR,IGB-AB[%E[9X1]\^J1(,C\EN1\.O\Z&)M_GG#/OFS:# H\H%I!0D&>>_ZUE50@P=N9# \^8Y3A^ M8KZ<\8Q5*HHB7R.J^^>\=@CET2TL68_/15L#C>P(RV>W^,92*H_H@+$4(&_J MYU_;:X32+5I93SL[R]I<[:2^ZS(5TCQS]>??\=L(J!$"; MY*TQ=][.\KY'22;M*PK^612#O[H\\E7?Q$#>0D88.V*A%&*G37*,4+DEA$Z( M:[+]_X*D=@9.]>\A\FT@HM/_ 0F., +8>T^R!AA&KO=;! ^=LG41@K1W(\_1@3 "P'P/L@8 MR=/+%+QE&BXD%=6121S7!J(Q&6Z4B) 78O !TG\_;;S43Z*M*QO_2+%7^E:5 M1Y[N*CH0:ZK.Y,I!A9!87MZNL \K;&3@T+& O'?T-85;P"\$[FMHVKO*_-M& M7NPY@._B;W1SZ\>"7] 6(MCTRR[I'W(,R8BA6U3 ?D8$[;=/2)#>4OE4&'_- MXD#"R*Y!(\AW=0,#>3SOP%WE6&@CAVXA!0==%FZC&,=^/\N"H"T4*HX&)81= MWT.B@SBZ!2GL?WDXC2^RC7QQ$. MF98=6$!B9?0]&EJ(H1!+<8+:@1QM'AKB]'+,'RO\.LC6'15*?I6^QX8$[$(T MQ8F.!;K49?^7W5F_T=MLO$YG5(I)\DX%EH="$P^+VNI(MQ4=2A36(4:(O 0* M\1K;A')Y6M-;QI]BR#B>1J#D)1UGR# )%.)"3C2J$XN<XSC#(PV32%/L4P"9'$?<"!TDDVW MV)T"6HEJN,2."89>?##T=N0VD40H#V1V==7&4)4ILT@72+F!C(2\. MU+:222$6Z##S-7O":C57JRLB/[0=#\A%[DSSM$82C,)>$['4?W\6KDER\X,D M?I22;3A+.M32HQ-#:YIE&D>!9H?_' I-I<6&2Z_96LIK3Z-Y+UN=2LDS'2"N M:F==RFODP4CM-6]+138P:4:EZJ+ 5$GYV>O#T=E,&(S+7F,G%@.\[_+%/!*? M1-\RE=!#$JV2WPE.N!F4Y&JCT'55*#$5!^2SJ3@8H[TJO$XZ09=_?Y-%2RL& M52CT1H[9NE:00P(% TG*#8KIVDXR0L7KE=B$IWI_D6X1 MF;89.!]?"]*'B-AHZ%4+MAV:B]4EV0_/G7IFGVI%.->%-9&.3=^$L5IY.?=X$>T$T0/ ME:N/G%#QU(__%M5<("Q4=:\Z+$[>OD_999J;W5!<"5FF908??W&5E *CK7^] M%3VHG?:!J4'$_$G61GH8*&65Z8=J\ON+DG6[7T7,N@ MJ\K#:DE/U >;N&*V1/OBIXO#6D/_,7_\-+N_^_]FB[OY_?^ZF#_YS<3T4!A7\W"WB^#E(57F@=D%'6:7 M2Z&C5]]?0D'H^B&04[,$Q96KP&!".4W2>+Y5Y-,JBUU!3R$DB:N6!.=T2?@T MSV;VU?S^ZN;Q?K2)_1BE?V1KW=>LXVLOEYXZR'8-H5NEK3 M<7.]VGCKF;?:K(L,24Q<^3:0JUHZE/3O.+Y4#$=5>5T.CX\ MWCS,[JXO;O[[X>;^:<2S[>?,<51BSSLNAQ3'=D<-'I4'7;[:)-F W X.F>,H MOQ)2S= B0&Z:'&%7GR8E,(TY-[9!J*J">14GB%J>(-D]\^:^O=P]? M;NX7HTT3;C"M^IE36Q4%JD;**:,AH&NT435I!?F:Y]I E.?R#%7.P%:XQYN2 MIYMRU7343J?CW?UB=O_I[O+SS?8D.=Z&==K]>[*^^>$O-P$]J>^/'A*I3N1; M09Z+[99N:&<\-4O,T&;M(-/V'1](O)U6A%5.UY9"&&_"%@W(%@F.4PHQ4])6 M35S]=.(^WGR>+6ZN+QYFV6:Z>)S=/\VN%H7#AX)Q4M-3>0YH:&4[D$ ML#6\\4DW@@BQ A=('!-I>CB7O>:HQYN459$+BQ/1.)V(]_/%S1.=AK_/Z"8Z MVMPK=ELBH&I%:>0;ICWJ8R++]2L]GS@5D.KI.@&ROPE%73E?ZE"--S<.:==9 M9I/WJBEBGDZ1ZYO'NU]GB[M?;RX^W\TN[S[?+7X?;::404B]#0BK(<5UO?)S M]BBH,C7YWBA+:A*):R+/=W052'!=.18XTTH2YWCSJ\(YHSBOK--Y=37_\F5^ M?_&TF%_];;3Y5.CT_>;5(\D\W%K0TPT_ES"5]C:3VK[K$M.M2ZO(L4W;&O-> ME_?[9;6D RG-M ;K]VP;:+2W23>!3$4/32#Q,GNAK?H9K[$\1GTX*'@ 54WE MDBG-P^/-[NLFLZBR*64FI45D&,IA@?D MU9LC9(ZR4HQGO-E0FQ6J.#%*!B7Y=+AX^GKY=/5X][ U+QO[LG7H8!X0:^_U MN;OI7JW2=9HO>UZ6R9RBE;13[M8NTBS'<=HI2;A>_FNB:EP"1=-LZ]LN5QWI MEJ%80$(W]$3"\21M)8V1IVPAM%O15:=JUI:L4K:S]K?9X^/L?K&S!\U_-7\8 M5T=9 /48/;^LT^-31/TR_1YRI^TXWF9>"2I13XN Q'^LJ.B5\DD(XXJF3GHK)WS>TJ9MO)*XT8-%*!BS9S?#FO[[2W>_BYM=L#QQM'IUV M7\8OM;H&4D-##<94IYSV3-*SH+(*LK'G^T">LFM%7JU\K,4VWJSIZ.@G7C2Q??M?R6FKUQ]9.@F]H'L M@Q)T5,[FAE!/I_8HUXJ"-Z$TI:):R'1)4,X]."TBI0"R/(LCTOK( M5#U+ 1*&NBV%S9"R0&K@DH;)+YLRU5% =P<-2*C+UNMG(Z0LF$73W&#?2.*M M4C)V9K"3U"6'S"4%2Z)&^H*6#:+ =P('R'6H[[HZ\,0VL"L9\TNLZOP[2?<5P)W[2DH"W(Z[78+7' M=B?U9.Q2RO'K(&(Z@0_D%;+5K)*#MR.CUX"S7Z)XE43K=Q8O+(L?MXK7%"^M M^[R/(I;UZ/S0U=VI'HNZPV:Z@C'3M>?&*9>9<4K1?&7[\)W[QOE4 M='29R-Q::Z\Y+1I#BF'8P<15"UUPLT$PIL;HD0J;"BH[WE^3;V2YRAV7=Z$L MZDB7J(RPIAL^_(!=0I*;X&2DCJE'F@5Y@LTTCUV4-KC2UE1$BDO"IJ*B+? M:",UUX5 M.@7'\4CFGG^2$+%$[5@_]"@LTR>REDCX;; #QT$!1>!KX0G!$99#G4_$V24"RY3<:BSJF( M7<[[_ QR'=U5X.L;&;G5ZHI!) (D#NZ"XRRHE0)-' ?#W]YH5C9L$@6J M[QA +K7RW-7,V[9"@!-DESN%2X$L2I%V1Y^](T3>&&L71FGR. MOI'2Z:[%/52V,:28%C:!&$BTHJ[N_ME8$IW\*WA7EGU_F.UY<+O)S-IFKZMD MO=-1[8U@W2V[1J6$#>=WI@O"=IG+IEC!/AE7^]*84T.8KS.O[=IH> MKX9.]]-1O4SWP^CIA8Z;!4E>L^"GC5;>ZIJ(V"IV@*0A$ J_9CFM@3?LVEGL M>'J_#X&T>WVJ72G%U9'FFM@ XAO3@*)6&,=;[2IB]G(7/;T46Z8J-! M2036][AI*0H H0A.0.R&^>-JN;Q=)=GH;['*R#2$L*N$ 9# (4,,!VD! A] M4+4"%MU];CZ'&S=*!ZH3$"#Q M\V68JYFP[04 ZCQXO?-(IIVOL@MLHU!HT"!R'-71@%AU]3 HVH$?3P?8T3#[ MFJQQM*Q<[X>+$+C[Z(>QS?94T]1'70SH."(EJZ.JQ$/%'*99&J>HX!Y);-$;.8DC(4MDXJH_)2$>IL M]B,2D,.I@%1L*5"2439AJ [/GJ812E>G.]E)/E&UX3XN3I,W8+V):W^ MT_7J%4PP 0M:SHBVN $8 OY!2=_Y&M0EK[B M$#VV=FJ+ZZ$L>)(']^8M9E(.&@ ;QBQIS>TUO42KV6MV5>%S5EDC@";)'S8TS$415D&-X!$Q2 MW":30@H5@!1!6?+XG6EU?L-(9YOU"SVF_..@UJV*[LRMA$(E5 D0U5SCS4(" MUR$[T"1/[ 6(]*@Y3W(1!?E+ 8M*+L4[KS(BJHT]:+J_YOS7XCLD)IKD."@[ M9SV2++49V8[^MV4DRLA>7QGIGD.@9'UK.@Z:X"OE,CK?H]JG59[%@^XM22SS M0E8*!/MIGCUT7[T&]#%4'^'!2]%5/X"VV!V+6?;!BT&!\>#5FWVQX8>>"4V' M(<%0'1X(J?0F:%]L*J%B QD.=117CHM!I %A,.7!):[I!!'/\Z-B*+1<307B M?M-D=E>C8'IC$#343Z1>4@G,)VV MPM?MRK(H,(F-@4AYD*6HK%$3"X+QU*L=_G_B>(.3]]LH7!,2+[ZO%B^K38KC M8/&==OF]SFE"MCIR',O0@1P?>1.A3$AC>(RC,5\S'[,[;DP"EHIOYON;UTT> MC? Z3_(NNEW6UD6:H?IEJQ@P6@]VN*]< AO F[C9PCU99^^"#\GJ6Q20X/+] M:YK%8=X9)L?/N^@B0L\ ^390X 8&E"BK30=%"Y@'FX5)#HZK+(\Y]O-PLG2? MRNBY6N+H-;TFJ9]$>?P9D8J\OC8R0L=U@.32:CH@&@'L9 '!V939 4#XNGY< M"(4.P0;<1ZEJ@0MPC!??Z"CEF"#D12GOT6G2L=$C5XR2=BRT0CMH9Q#!O4N4 M,^9\2E8I+_ TMSRRB(L#(&>7=E*MNC34H1TB-OAIESE4G!9#;F!;S@=C@ NR MDVDC1_"+U1HOA3(OE,ART1$?B#%I7^*NPC?$+GQ_V 4XDBZ40 %Q=0V(?JXO M25?A@[4O"Q^#2\G3.!LTA-?@4;9J;(1V>CTU#-Z!$4^&(6?;UF$&!\7K&B$@2$][R6[I+8"?T MR -MI6R%+)R @,##Y2:ELS1-9SZ]!Z51+D'AM.!40*&B63HTY97$#*G# ^'5 MM:J/V8\)J9T_M561J1+7!:($JR-#FL%JB(.\VAX=L6?/]*O9R!.[)@NJH-"W M @+$MX&S<)5O/5*(!GF,O;M>W%P)I5TH@;#I>2$0]T+Y<5NA/JG U.T=E1?@ MC.4]>R1YUZK)L@$#)8Z=-,G]P1Y"6;F]![.U M].O;*LX\3#!)[])TPYU_-;60[6-;!W)P;C0;98$-HV=?,IV*/-UR\D6;S@F.4X(^DZ MLWQX($FT$OA&GJL'R#)5OYRI#_B8&DM( %S1\ZET]_J&HR3K^17%]RPR,*HN MC\+ "@'''A727@/IX)#>S'!HG;GFM3<;XL5Q8!$TYR%+;R7:8P M<9G$.N@6H5-'$CR'2P-OK5K9:2>@8E80Z23F?Q?76XK>Q5-.)4.L(ZM+NN&XY] MH>L@YO)U3@XOA/PZG&>B78K'[_E?FK^G'5='CD,K KDN"/:E)N]H'(03#V C M?#1L/QQ.ZJ,@L()P[&6XW_' @SCQH#75!E5-K=10X!F.!<0EH3'A8D@'E4/N M\CT+'%KCQ5U?&?D$$RBA$9HPUP0;B!2YO/YFO:UU!*^OC'Q'#: D-6Y"3C-V M*P /HBEX7'FK=>1G\7L7),VNPOLN"+4%M?60;QBF#WU#JQ!S65,@C[6;MH ? M]##RR>TFB:-UIFTO=%](46T]A'U+-8#<^;M1)(^5433F6ST7*R]X7YV,MF'M M?,_#%EQ? W;@:+80'D,;PL[E*-8QE98?B5P-.*61XAL!E-CWTL*7 03 MH4[ M..A]]VV5XF6;.;.OBS2BN. >C+K.FS(\$(8MG-X*4[.*:B%/]W Y&L+$R2L" M&R^NH$ !);)-,=2&FB@(%BJ#ZJ0\-?0("*U',YV4H]AN.8X.L/-A2%7K_"$T+6A@( M"9;J$4'0.NU[N;5-^T)PMO4$\_B1^)LD>P*\Q&F4?HU77DJ2;QGLN_AMLZ9_ M7L5^M-R>>8L0ZU150WT181P0%4BHMGKRQ6-F*-E &'+<#8FKE*G;R5A:*T\% M\Q [.)/-SL4G$H)@G%.C,M@5.[I96\3576AQ9LN;<"4UE4 A$SC#IFO*0DW MR\]1*'0?JZV,2!@Z.I"@@DU):X+O5-USONMFR<"<;^N@G=XP[^X7L_M/=Y>? M;[:Q["$X;9[BH9?ZFQ_^"2TU!++EM1*X MS)V3@?P(=T[-,A4,A#".F&7OG P*C#OGX'80Q,2J!)H33Y'W\BIKZ+,'4"F-G)]TW/@7@+85E:ME&D"$,"- MCM_?M,9,HJXF(CY6=&C^FIUI/ $'X-U>T->"U<'L=96LHW_4:%":MX6\,#"T MCT=S'5P [_R"W@M?^L7U$%8\';!/4EM"B]"F&<""H[HYO \4=#>ZO.[F0OUS M:6\TTRSKA6%,V^)*LXM3!D\7W5UQ Z;A6%JNMY0,Q9QAHY')$ /RR*<=!> MM+K8R;2+#-<@4,)H01@T1T*!?=04([E=;02/])V:14$8J%",P0$,FB.9 ,@4 MTQY(P>*USS%#JR!3MW4"Y'(#8L$?]3 MCIYJP1P2S "Y' M-Z(T&EV0 UO,C7)8#BV"W%*+^C)B+ S +2'7<=SY*<3WD MN;:E3/%ZRPBIG,B2H$_OK>>;I'D(L2S?6+)^7R0X3BFD+**8S&0U3R?KX\WG MV>+F^N)AECF]+!YG]T^SJ\7=_![6K.5AKI^I=361IGN.5WHH@V^(I!/+-H!X MDTD+66SI<@SL(Q@?*5BS,)#;%4?,8DK*4& 8'_%&W.5[\2]B&R3Y-I!M^6"2 M!#3AL05$" X+Q<[5&2"5RR);LRTH<5=:,%#+Y E,:(P58+::@+DP-"LTP67E M:C_CCC QO1) PIK,ME(U%+JJZ0/Q')0AH@F#)Q A<)A9R=WCUSI3VT(IY'NV M[4,S"Y.85I4@F*X- @>U=K)'Y1!1 M<&,E,J92MDX00$!![RO-O7=$"))\-1 M,>1JNA4 8:');*A&P?2&(&BHFP\G!9&'W0!*PO!J\8J9.('1C0N.Y?Y\60UCWB HDOIW@''LL8"$2)MY>HVO]C7R+XB^K54*$XCTMACS5 MLZ'$]9$[O)0ES07%)-UK#M(OR37^%@6?S4>"(^N;U;;EZSZ//L,010GESRR.;6&;9?WW<(\O)0:0L\'HX3.KM7ODY M4O^,X[<7DI#/^/NG9+5Y$XJ\NC!2# =#,>=INZS40&.R;_=:SI,]P2F1&^Q5 M1>D6C@D46WSI<2Y$PL1<>JOK(N9?21*OXO_V M !:3=PEA%WGGB2-N?O@O.'Z6'-ZB*LBVE!"*KD9ZF$LA8N(O:0\['5DB^E&R M9 N:^,Q25181PW-,(+%4V@YZ,3(F^-)5HXO@K\DW'.#U^DN4ON"E4.Y519'M MF@Z4<=Y6[$)@.ZG;O5XU\[Q$#YN$TIV2;'J*%YKJTHA@;-I +$3DUY@:,$S> M_68PIPO;DJ27)(ZC^'F]$LN;4QJ9IJ<3(-K=MF.]#AL3?Z\7TOO(_^-^Y9.U M^#)Z6@P11P\=(+:,;07.!<4DW>M]]"'!?^#TY1,.GB/Q:EY1$A%=":'8CK:5 MMP@7$WFOE]'2@C:/Q><7?@5ZI0@L!\@AIOV*7L;#!-_K391NV_(GE]+^;FF$ M6$#NH1T.+EQ<3.2]WDI+5.=>0,U&>Z$*,HFJEL^S4QOO58B8^'N]I/Y*7B5U M B?ED&M;AC]Q;1-P.W8*9^@.UVE M5J]T&N9CXVH5?R-)2H7UD$1^E6UU?N/@5D"V$Y+R30-,& ]FDUMQBZK'-$2" MHL_D&2]O"4GOXIGOKS;Q.GW [YE!PP-)_$QFSY4)G[LUG&W8:K M"B/L8@7*,;21F&OP=')+YF:C^_LF2L@N63UO^3@JA%PC<*%D#&BV6E3C./75 M'<'D[GZU)FPKJ2!A5ZQ8"AD6<=RIL2 "PH[Y0V^7#?9(1(AA$V@)N-MNC'LT M[,@^T(E]-\WJ3^J[@LAS_" HI!L>T(_Q;*3<;L[:U^Y0K81_6@OLX %.T$F MV;-[!O"W:/UR%P?1MRC8X&7=:6;7:/LVD6^ZBE-RH0?.[.%TGF^R7Z7S]DNF/<+P55OHK2==93!5Z-8M6@6#,G*D' MR,:^X4#S3)0=A><6$AO7VI3'M5S__1J+GERP2,H6& MG\DCR72I]/=7JS@/DI 'K4]>M9HA?M[.H)#X+A23DE:C?21YL8'?J]IH%L?T M0]GD?,)+G+SSKB,GQ9"I>CZ9HAJ;BX2)=\S8?(43_%8K<)>F&R+8HC@54."& M!(IE:-,Y5H>)$65.= ,XO)[,PQSE-4G])'H3IP 0U4*>%6(?2/C$YG1+ &.< M]VK9D>7W_(*3/\@ZS_(Y#PLCC[,.BJH@C+&M3%'3*X6*4="K1FR_ZSTD)#OO MT9^V.Z50 UQ3"^DX# D0TX-&1,@"8UST;_RQ.Z=D)P^1R4>A&,*JX2E3?$?B M(F'B[=7$@U+ZC2/2[$_(L74OG-HEL-3[;I&#>(?4Y^>$/-,NS<-9$$29+/!2 M8IVHK8?\P C*%IH3$+H\- AYHO.9MCW&76^RQ-G;._VVI[FN.LTA"$/A23:! M/#\@DWLE:8V2T3MF]H*MJV@ 3 MB4F"E[2/L^"5'C&R*)I9 -9:LFHJ(M5W G>B5P]9;(S 7A)3C?+TMK]1S*%V<*(;H?\ M"@C;NF-,59-7@XD)?TQ;H,.5]0%'P5U\A=\B>G#FKU><"DCW+$V;J/U&'29F M)7Y^$YUZH[K#PPS'1O3$'NVX/*++@(FG=FF0@\18Z]4)YI$$F]QAR__!=Z<-T9XO]Z*UR\3KJLZ JG?*J2Z:F M^VB,CE'3JP&#H =W\9I0$=9.$7Y-Y!C8-X"$%>N+F!(XQLN8E@^?^J!LV>LN#V.U* *!JK=9.\C6;0PE"GR;N=P"*ALI MXWI2%9>A7=>SA)(G^K8:HJ6:0 YQW2ESW QEMQP\/,L?%D\F^]8\K+'LS4UJ M^#60A34")8AW,SLA"5!,_F,:J\Q\/Z%]^AQA+UI&ZXBD5YLD$X9 /B:JB_.\0)QBWU^A(?*)>50 P6NKMH3]6JI!<5X'M."Y;23 MNX<.>:IV%9"K^9;V09@ZQ<2(&E.5<]S'+WB]2:+U>Q;L2Y:K8AT4:!B;$WU[ MEH#%&.LY3.C1,!'>W%FHE\KR2+5\=W+[EQPD)OE>?4I84)?#X][VG"/C7")5 M%VFN8YN3-%EN!(^QT[.[R4$5O@OX8B@^A*=<]^9[_J:W5V[X^PL33R]GI M@!/;#F(ASVJS2;PFROVV\5X7==DC:/EGO-UM,ZJ*?1_AG7QT\5UE/K+5;I)"/W'_7QQ\W3Q,/M] M=OGYYN)?=E7_]2\0PJS-O#3W^NXHUYV#_.,2N:>D>Y:+$=!AC( MN[I0L)Q)5@EF'U-IS'2YY05#@I3#XF*:'K&A/<\=BUE,21G*WB5Q5%XX$>#3 MR_?B7\2IIN7;0(8>FB:T4Z@$CRT@%D*9@6"W+D]U17I7*U M*!&/6S!0R^0) MS&Z,2=SMBDNZ,'2^N!)RB*U!4>H*Y"F^RPEP%6+$C>R9E#_+R<6=Y51 6-65 MS M!;XA O,7/Y2% \WN.OX+"6X30O8!R'86:1R6FC2!+,L/ K@&_7RN6J'L%+]_ MB$>6KS%^7=$A]@]ZZZLG5BEGU9QF?G1*I5USM9:!]*%::X]']PPS^S?:F1*HQA:JL**[]8#Z\( MZZ('8[@#SS--('-/FLOF\ Y:,!@:SG-KT +-#0VXD4SX-+=">="@3=)OH(BY MD0:&:2 LRR5DH@NT",]!:S9QC::/@0K]_B5U*GZ>#60'SJ* M"\305"!U"98J0$'@*LL)FG5-/'>*I9#A>H$"3=4@,6LJ011<&T;GH&Z6')=# M06#J/A 'E$K9"EDX 0&!A\\K'"]6N:NT>#J<%,PR @7V!&<$#P?+:@^$C+IY M42J*O-!5RX'TQR&$)^0Z1DZ@0.#DZ665K+,<6-G6MJ!?$T^3RN((>XZN0HM, M(W.O$Z+9T5.^L(Y)3]W$X51 Q#1#%(:CAN M"-.51SBM9#"!4&=Q.MK$BJ%4#:F!Z4')B2+#1!,*3R!")G$HZR+55!4?FG-" M^TDI@KBWC(!";QOS(F(:"I ;50L*:JD\@3D$95)JTB]1'+UN7D6*TJ,BR"5. MJ([]2,/1@Y:4I=5=WPN[QS/=4*#.5YQI!B* 270?*V2\ECB4KCVTN\UA4,6;H8D?H27ESC^HT;R MY:(H, .K_$ ]KKKL1 E6)6L!DKV\#O%LGQ(*+?YKI.I)>B_ MGA/,7T?R7-DR=9%EZI8/Y-F%KW ID]$,W9Z=7F/VW9/O92LYL=TNOP8B*G8= M('.B[M9>YD,&V9Z%7N/W_76UI,T*Q5XL@FQ"%"C1F.5N:V5I5P+:B[?G!(C[ MR&+[*&1TQ4QK%WU^):39IF\!\3UNM/Q+8-JST&NJQ*?HQ[%A?$3$#/ K(,UP M5'_B$T "WIZ(=O'O.$0LOJ\:L, IC71;"Z$\4K6EH X;DW]+HQ1>SM#5)FE M *\X,C1Z5 .BHFW+0"VX/06]IC84>.C,X]9^2_NJ2%-=W1[;%JM>8U-Q!FJ" M;L]-SVD/J[^_^$ZQOF<#IE5PI=/J2,F"84]\^C0&NZ>LU[OT<#Z NFX8$->X M+A/I!-J>DE[\%Z &-2.*47&>G "1DKCV+())A,@/ E4W)X75D*:XJ@-D2K:X MY,O"VQ/:ZTV?_WEZ%FW)R[XFPJ;J8R#7HCZI*2/9RR=)]%S1,=J,:-[UN.Z;.E-6D&J8II07C>: ML]H":)\1 46M M]1TO\($\'K99NX6@F#\(%$5@88UYH."C-%TE^66]WM#PN#QRS,!R@#QK-;]G M"2%!B&:9QXR>A[NX5?/D,7I^H??US&!OGS>/!;7:_345G*=:-8>,$(> ([^) M=]-.B O!&">Y/K,;ANRQJKH\?5VE*TGE\\V,=Q<^;*'W)T&U[>TG"54)^2Z*L^V'VN^TBD)_I MZ&4;QSX]*Z2"1;.W3R#7;9%<%;I4CE$3X78F9I:20R% ML3.F'JEP%VA:@STHOM6] M:_^/$++AT*L/0,$39/O4I6TA*KG%EL,F- M>^].C&<:FD8T;@KFKAU*X& MS>$Q=MK9&_45Y.KPT)IK"!](DO^.OT%QJZ# <3U[HL]8]:@878W-CSHF03F3 M;J##G1\%AAZ0B9Y&Y-&Q =#846&8+#A[%]:M8K\X@#FKKZ &,G" P[%CPK19 M; ."?&?7PU3OV:R1^Q/V7^YVQV_ G(<[);/W1,@3@(3(ZZ=PF00UY/+ M59*LOM.3E> )@5L%>9Y/]*EM9M*HF%.#,F%UYT%U]S7&6WM $C S0-E7HXJJ MR#=4)YC:/&V,C@V!J5K>5-H=S3=KEHFPH8U6H28RM9!.DVD. &EPC/\Q%4%\ MSXWK#;G>VSM1__C@40VS$#R2)5D'D4Z3Y/Y,H M]J,WO)3=C7GUD:>:GC-AOZ,&$-F(@&.44QC'AY4FUWS5.)9)-8%L73>##\&M M#$I&;R_JH_,ESCUXSGZ.L!@F@TFZ!O^)Z85 ?/[D)%PY M,SFH0&2*ZIB]7O4-S0#"$$?,8DK*4 ;)7M_VZ; ML-BTL (DZE>E;(4LG(" P,/L.TZ"3$\KG@Q'Q9#C!($%324J,1NJ470S^>Z9 MAKKY<%(0&;[O*T .V-7B%3-Q F, +J0RG.6)PCA3@.41RU&%-E:=*6T$E;TO MO+^?7\RB-'+%A&V*9@6C>YE4BJ]:PB?=[B;CIG%=9L\)R<>";#XY876$@] H MYSN"D>IFMWL*'[SDT!5L$/JCZ L%]S*/,[NRQ!GOFE$ [^;JJ=H4")MRXN_'L\@;_!?\/N"%F@Q M"VKJ(4T//2@Y/)K, EEE;8:0I^A'JZ6IOC9RL*4&I?T./C7-T WP M0CY,RF.;3F]_["@_G--1Z0A5W?5>GZO/Q5/3;,D:\2T\M@6"-$^576<\V3!X M:N<2>HG3S//F-;-:WHD]R422G1POWP]%=K8S^0JSMTV?I>GF-0_ D3Y&Z1^W M=*V7"W8^^*>1;M%K"Y!E6: F<< MA]4?1Y;BN67=SI]P)-;(9XBD')G/[SP^=&9ODW!X?>-9;\A41;IO&M[8NUA3 M;ANC^S#I. HOK0V?OI$3.(8"UQ=3.(O%B [)-R;*+L<<])+$)(S\""]E/*[K MC$L%K2$E] D4'57SL=$!\"&AQP<-=Q&H>@#7(5%(K#RZMMDVAHEVL0TRO_6? M),'7F/;M)!(]EB/>3V&%>80.PW."*MGEW5,#Z$.;="3!/:.>M8S&)*RE!@F'/O.[B+/9&O M7F)S5FX5Y--K@ WMTM.$)2XB"-;&Q<[56;J6RR(]S'(. ".'*_!*G@2H!B"H M7]M7S34<'YK>5S0W*GL_JHFQK.UK8#B&.[:14Z7XJB5\TFT()O4MO'P,(U3 MK2\2BW\EB %LO,_EY>,[!A@3OTK9"EDX 0&!A\M-&F4Y>V8^/8NG42Y!X;3@ M5$"N[6(\P>-1'1[V\ >-I.S'A-3.G]JJR'--MYQ.9!SBZLB09K :(@0NBZ%^ M%PF.4^S73SI!)>3K=#$!$A6CR<23P<2>3@$25C?QA-60;KNF#N3*+T-$$P9/ M( +F,+U\+_ZEU1RL: -ARP\(3%? -E-2!)$]BT-AM\FTW U41],5$\CEM04# MM4R>P.S&&,<>X8DD66".(S^[W1MJKM 0.I'(549F8-L.$ ,B@;+FF(\6^!A! M0.(?#^.!8J@N]L>^4'-T%"5%1G77&4_GSQ_.,PI*4[)F"6#DW'Y%55!@^JH- M+*3&R16Z/-FD$#'JSF^LR\L??KVXN1(R52B!5,U3\-B3I_'MJ\Q5%29&S?DM M;<5;VSPF50MX*KN[U=='H:HK!(B=?)L-K@%$QO+Y4U"=T7L/FY8>CGU@D=[C M*KO.> *44^IPL!5.NW)!Y)J>#B5LFMS=N3S5!+ 85[WFASI.W$EGN5#HG-+( M,;$[^J-5_=6H+.XZ0$SFI5-27V-\\7TE/WY:KK56RU'+'+8\\ MPW5"(/&0I->W>CB,,3!:@Y.LZG5G!5YQA /%"8&\W71UD?C"FQ, M_*4;0+?#\<&II>88?%H0:08)#2 CO<&!EXN#"7A,9]!9$.3:5KQ\P%%P%U_A MMV@MRFC&J8#H<<3S /M<[5P**M\YZS"U39G3T6N[/X_.@_/A[OY%@H.OXM:= MN2;7F4P+],ZF.P&05;'I&&@,$D1"G3/FL<,F"55H%F(-R&V&LFT<'A!3/G]O MN4O3#0FN-TD4/V^S,N9^HVDAFVKX-8XJ4VKMQ=RD'60X1N N6@W'2$MH4X\ MH$\16"Z!(EZZ^@D6CMJJR#-]PYKH@B&/[A"7!\9M_F1%$RJ9]Z40\5Q7F]K. M+0+2-M .D(DI7(Z87 SO([N Q3QZCYY?U?+-.US@.Z$@4:*9K:B)%]4)_HC-2 M&ASC'XQN:^;["5U'LI"D<4I2NI+DRPAGWG)*(QR8!@9B ])HSM8!8GRU\P&8 M0(!_[!!2]G SEQC=(S&QCHM&$>EPGT\?T\1S%(F2EX5%#B^;4_T_:\>52$$ M75>BSQ=^^3ABP%$$YNH S-II .:'QYO;F\?'F^OJ&,P3#,&L$K0+ EIE4E"$A!AAL&N#6- MP,! S@:5LA6R< (" @^]Y@#0'3-TH!G;-3DF [6 7FG4%5^ B M'6$5J@$(DHIZ<[6*T]4R"G(!YB=,?D* ZK)("SQ%!1+72&K6U$,9(*AI2S:X M$Z42Q&Y0&8[JA&.O8_52EF#E!-#XO)#@)E[GN8-EYLEQ:7K^]$T/FJ95>J9P MP!3B@(S.B=QL.2V/'-5V[+'?+F1D+<7.":AN_/!,K^:7CT^SVYO/G\5A#4OE M4&B$Q(=]5SRY\I6?C/BH!HFOTG?@3\^Q;17(99!SM:AXII-!!"[HRJ\DB5?Q M?V[2]48<6JU2$T8JLJRR/$)#H"0U7:RB9$5@K; (.U\ MD7>)YX%):"_0 53,QL80"[%AH+%\_,;=[#S3L!7DNMAP@3 NO_:V!-DM7(WH MA'\=)<2G-;)8.3@61^3E5T DT%1U[).,C'Z!<]07HV+B[S5(+(N[?DV^D>7J MK7:"<,MG<;VQ#>S)H78JU,-A4N\U0NQME*3K79"A7^DW-TE-1&1^!4340''' MSCLCIR(HRU\"%W/U[56O<$=WN70M'Z226QYYKF- L<*1'O;U<)C4VRD8^@Q. MTB0-T%'P#GZ*'!NKF !QW)$^IS7$Q@ALYY4G/F0-FI\)NZZC ?&3;'.(EL7' M"#J_7J(G=^CH6Q20.$B/4?)G):<",D.;.$!64($A7.5LK,-T"!PXG@7)4<^V M=LVSS?IEE43_$'FZB>LA,W!]8^RWOY:L24([!/B#<<7EKBR9F;HPS$A-/8K8 MH:?=B9'9#-HAGM_'#+:F$<,!9[8B.1_ET;4-MP?#N6:OTQP)Z!\G7@EF)X>OLFW*[X%9!A: 2PB1DNC2.Q$]*(5>W%&.*8N8!*41<&S?^ ^^\6PR-L#TD*J8?E-VR M@'/ AU$(<];WBDYBGZ2S.,C)IYMYK=+\L!:*JR([\-4)K_22Z :))K9__%R0 MY)7#P5$99+O8+2>+G8"PJV$48H3U^+:>J5YCLH]1E7Y]HY?*?03V8FQHT:FR M:3,(JZ%O0O,/D^&F-=)"B*\QZ!,>D)HV@UPU],I(/A1])TB[1?SBT,<",8J4 M5D=ED.IH+N2L/5S!5\-H'8!KL'S1F/8QO=W$P379A\+G'7*KRJ+0U\DDIX88 M#@2__A,+6)S,DQSA-A)N??0SN?I9(D''FIH>I!U$QFKCX.U [%J.X1[4XIXTT\#W&W#VCU]O7RZ M>KQ[6-S-[Y\N'F:_SRX_WYP&NXO&C'9WZ'1^QMCGF-UY]5RMTG6:STR/'D," M*I&,\K0^.EZW=I'IN-:X*HR6T?2([Q$@IZ">**A6>U3#_@C1]R@6QX#V-GXL M9C$E92B@H^^EE^_%O[0*QE?1!E),VX :15'$8PN($,*\'460;Q"?;V<0K>) ML8&H75HP4,OD"4P(C/4:C,S7,58F.-OJ$4&X7W8,1D9<4S?&]FB4%G@E3P)4 MW0CBI@C9S]VHQJNNJB@RB&-#R>HC6(7'J[16V6^U-VGA<]D,E61AP,/RAFM$2^-T!W\=7KT>.1\>K$JKLW9BX_L MNV:'%I&MD4"#Z^3!Y[$/T)T\>/JG5_CZV;E=1 Q- _SF,PC5)] /SC[G6FE; MK;'(\A4+L.M5V]5UC^O@33.8G6O#34^R-E(MVU/A9B#B,],4X,%U!LB[VYHKH-R:-=ZO MUN0 HOX-3K(!9&$GP&,F#&SYV$9<>F('HG-L*FN95S6&[R.\JNG8LBUH>^BQ MF&5?U1@4&*]JE9E: M4367 @KDF3N!-P!W4C'['_.HPMS$"?L_(\72S!#:Z5$T;2I[/U92E[PG7 4^ MZRJ++&>Y#A[[EEPIOFH)GW2[FXPYMV!V]A"^4AT70I:E&RZ0_5AF#2A?;CF MF(1[?**2&L5?HCAZW;R*QO%1$62ZME-VF1EI))\,T])8KNXZD_7Y8UMUX G_ MJ.6I6 29GJV/'HY;FJ?*KC.>IAHD,-=I7&96BD4[QEDV_Y_SO>[R_5!D9\@X M^XZ38!\N9I:FF]>MEN#FQQOQUR1@GK./=+\47&6&_C2R%4P(D)58<-NIOAV= M33I#O)<>C%_%O?>:]#[SC-0Y>_!P'T26HYB 74JK1]&99-+I11?D"B9VSAMF M5D,@AEA-92WS5LGP?82W M2A43W8'F9GTL9MFW2@;E [Y5^H9K@#/9D6"I'A$$Y[#>WRH-SS$U(&JN>@H: MOU4R> -PU^];I6M9!H9VYA1-F\K>C_HD+/M6Z>BZ 2&G6EE\PK=*UNU!_.K: MO%7J.+3"L>788 VH?:MD@( %N1GFG=,/B$W&UDQSAGC-.R?K>L&#;CH\-7WG M#$S#']UC59JGRJXSGL D:3]2#S^0Y+=\&;CY\18EE4FS2O'H3NL@W2*!!C@S MQ.Z^45X"Y6 !R'366K&U4^[,-^MTC>,@BI_O-S5>R7U_"@6>KZMCFT;SPHVL/]L[[$[01RNTI"$N6YN6=QD&_\ M>0MG6)1J/XT\3R,F$/7\N=>ET18$87??Q,AK;T:M8!%!B6;_U)5\FF,FKK7CVE.T?: MZ 0\T-CNKQ,H5'4%XHWZ@73?5C[L*608 M41T29'[,@?Y1#BBFHUL>-/]U8 <4)J."I<+9S]V,0C_0%;C!#_D/+SUB'R1IZLE@?62=N3IT MYC/MS"5YCN+L]Y=XB6-N4JJ6K2''-$-_[)6C9[HJ[! Z2F>0Q*V2G6(V%/DY ME?MZVJXQY!NV.7J<1"CT\X33+;5L-_9O/FD)N&"K&V&:D4)BO%LT@ M"6V+QY43N%7'%I8@3'ZC;],J'>I$Q6,G?QE\-/0EI4'2Z/AC *^@ ;)."S3M1:'P/IVD!M@WQC;\'5\WJN%4LB# M/%GU9:V!PSA*S4[=0@[V#&]LR[KA1BTH&0_B"3-[?D[(,UYG3N])%*>1O_6* M%U]P:FHAW]7)Z$_TPRYFLB+HEJQ*FK73@S(O,'UUURMK(XN8>'1E)ZFC=V$-Z^N1(B+;C9#$Z5S)%/IBH*0]T((>R7O=-4 MC9.1M%?:@0I]U"GZB:%Y;32\ .?<)D M77THK<;W(4*?6&XPN@Y$+&8Q)64H,$*?W$8Q79XCO+R+Z1#;Y/<48> 33@5D M!(9*)LA0'1X(04_R9-\A2?)-BR3?(I]NK/.PHNOI@O8EK?Y37924/K^"/$]U MH>1RK*.X,ER9"==0IJGRJZ/%X8%8,SA\8.U$U<'[;6WNZ?U^_XC+Y9#R)E_ M#E:(@=Z]T _,L>.'P1B^0OFT#7*SIL>GCS6*H85YMVW3+"N?_H0C6"B=0UR< MLXY?;N2V[63+K*(Y=Z-B$:006S,!QV6KY)B+XA"JYF.L"-!R?@6^H@=CO^]# M6!&$TOFPB1\.R7 +KY]V^]=/_4_P^FD'AD7:62"/^OKI>8'JCNU8V%+6,J^? M#-]'>/WT'J;2' M'J:E3R'?\TT0$1%@#%.^@-KF3_A 5[11!ZJN:HK[SX%:+Z"V^0^&"Q5?>)1H M$R=6MCIR5<7R/\ 0:04:@E7"GS1)BQ,XV(:@YFP\:-HM3<-(KY"P (91>84 M)=4@4G61[^M*.2[G](9-<\2#I": G)#$,4U=@; S]4!UC^(H)"F H5>6#+V? M]IO@I-0<VE>N9[/)(ZBR>09(=R/:J^&+2-<7)26/(5XENC&VY!(9_ MCG#.D=&@KD^Y]K4O]G>-(958 086Y'IT]D^%XY'9?< 21KHR D MK@_!?4*6)VF&N5 9T[TJ^#B=D+J%2]5%IN68!@2+H-Z9X@!E?H7G2-8IZ3,H M61MAW0GMC\Q5&2IC:^ DG<5.U&DZ)&LC2W4U8^S4.T.R58;*V#I'DDXI_814 M781]S_)I6ATU)-S87@-M\[2]4X&4D&\*-CX6(TF+#=&6GM'3<#FM\R4Z#D@SDCN8?">0X0<^AA#P9-BA/H#$ MV'!OK)T[H_]7REQG1/<U5(,8)1W- M9,;62-)B4;,:F_Y]Q#@DXPQPR0X@6]?4T;/,C3[ FTJ+#?#&_M53.DY^E"&N MJ$0!8= _B2'.I,6&>,LXJJ=K.*@\5/?97]?1MX.L"_FHG/;YJ/;MCI>7BDJ. MS,,K2E:TOL5^GBZS/AF5J!;20E,MV[*>YXL@XZR3)K"U%."2D@Q ML5(VV(//E PF",&>./VLRRDEK(8"C82C^R T(*()@R<0(7#XL,3Q/7[E)8+: M%2N60H:FN^'8"LX6TZH2Q !IH5IS4#=QCLLAS]4]&\A,J92MD(43$!!XX,S: M]/*]^)=6^U%%&\BS=86,[9C;W_8D@MC-RJ]_=IML4;N!JKD8.T#8:L% +9,G M,"$P=KE)Z5$U36?^WS=1&M4?!CD5D(L=VQU;7=ABIM7A*6BL09&4_9B0VOVL MMBIR%54O;PGC$%='AC2#U1 A<+D?FU=+G*;S,%="B:<UK".O?H\^A> MW6%7/^?8XKRN)7#XNC$4DL W@6POU92G4\*DH+BE1PWY M6?^5K#?)/L-QL,KW1SM*XV6^*]K]?1N3'&/T3AGOA_S%4C(&? DYU-4($+X$ M]1\'OA7Q-)*6H61 X.31_(OG[HB)' XO8>-:#G/B(; M3+=7=SA^V]!4G%.>E6XOC"PK]&T@2XE$?&@:NP,/-_BHK[1<91G=/>[3_)O62']G8"B4UNZP*TD+32UEJE("^;Z&_:D# M>7L+!DVNVC!Q:CX_ Z#8JYKLV7)5]7"14B6I@

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end