Company: SONM
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022821
Chunk: 17

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 17
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Options

Stock
option activity for the six months ended June 30, 2025, is set forth in the table below:

 Schedule of Stock Option Activity

    Options  
    Weighted 
average 
exercise 
price per 
share  
    Weighted 
average 
remaining 
contractual 
life (in 
years)  
    Aggregate Intrinsic 
Value* 
  
    Outstanding at January 1, 2025 
     755,494  
    $6.48  

    Granted 
     —  
     —  

    Exercised 
     —  
     —  

    Forfeited and Expired 
     (79,715) 
     6.72  

    Outstanding at June 30, 2025 
     675,779  
    $6.46  
     7.83  
    $— 
  
    Vested and Expected to Vest at June 30, 2025 
     675,779  
    $6.46  
     7.83  
    $— 
  
    Exercisable at June 30, 2025 
     441,674  
    $7.06  
     7.62  
    $— 

    *
    The intrinsic value is
    calculated as the difference between the exercise price and the fair value of the common stock on the balance sheet date.

As
of June 30, 2025, there was approximately $973 of unamortized stock-based compensation cost related to unvested stock options, which
is expected to be recognized over a weighted average period of 1.44 years.

    13

Restricted
Stock Units

Restricted
Stock Unit (“RSU”) activity for the six months ended June 30, 2025, is set forth in the table below:

 Schedule of Outstanding Restricted Stock Units

    RSUs 
  
    Outstanding at January 1, 2025 
     67,962 
  
    Granted 
     705,998 
  
    Released 
     (773,960)
  
    Forfeited 
     — 
  
    Outstanding at June 30, 2025 
     — 

NOTE
7 — Income Taxes

For
the three months ended June 30, 2025, and 2024, the Company recorded provisions for income taxes of $139 and $