Aug. 27 at 9:36 PM
$SOBR
Truly mind blowing to me that their IP is being valued at 0 and an impaired asset lol
"
On June 30, 2026, the Company discontinued cash flow generating operations supported by the SOBRsafeTM Intellectual Technology where all commercialization activity related to the intellectual property ceased. The Company has no plan to continue using, selling, licensing or otherwise monetizing the intellectual property through commercial means, and has not identified alternative uses including direct acquisition of the technology from the immediate observable market indicating residual value exists that would generate future cash flows. At June 30, 2026, the Company recognized an asset impairment loss of
$1,105,052 as the recoverability of the asset value is not feasible.
"
