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INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2022
INTANGIBLE ASSETS  
Summary of Intangible Assets

 

 

Gross

Carrying

 

 

Accumulated

 

 

Net Intangible

 

 

Amortization Period

 

 

 

Amount

 

 

Amortization

 

 

Asset

 

 

(in years)

 

SOBR Safe

 

 

 

 

 

 

 

 

 

 

 

 

Intellectual Technology

 

$3,854,675

 

 

$610,318

 

 

$3,244,357

 

 

 

10

 

 

 

Gross

Carrying

 

 

Accumulated

 

 

Net Intangible

 

 

Amortization Period

 

 

 

Amount

 

 

Amortization

 

 

Asset

 

 

(in years)

 

SOBR Safe

 

 

 

 

 

 

 

 

 

 

 

 

Intellectual Technology

 

$3,854,675

 

 

$803,050

 

 

$3,051,625

 

 

 

10

 

Schedule of estimated future amortization expense

2023

 

 

2024

 

 

2025

 

 

2026

 

 

2027

 

 

Thereafter

 

$385,467

 

 

$385,467

 

 

$385,467

 

 

$385,467

 

 

$385,467

 

 

$1,124,290