Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 837

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 6
Chunk 837
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295407 was $9,896.

In
the twelve months ended December 31, 2023 we had a total stock-based compensation expense of $691,674, this is comprised of $260,007
in restricted stock unit compensation expense, and $2,502,571 of stock-based compensation expense in connection with the exercise of
investor-based warrants

    -37-

2024

On
April 1, 2024, the Company granted two employees 250,000 options to purchase shares of the Company’s common stock at the closing
price as of April 1, 2024 of $0.502 per share. The option shares will vest 25% on the first anniversary of the grant, then equally in
36 monthly installments thereafter, and are exercisable until April 1, 2034. The total estimated value using the Black-Scholes Model,
based on a volatility rate of 73.63% and an option fair value of $0.212377 was $53,094.

On
August 14, 2024, the Company granted one employee 10,000 options to purchase shares of the Company’s common stock at the closing
price as of August 14, 2024 of $0.502 per share. The option shares will vest 25% immediately, then equally in 36 monthly installments
thereafter, and are exercisable until August 14, 2034. The total estimated value using the Black-Scholes Model, based on a volatility
rate of 73.63% and an option fair value of $0.0724 was $724.

During
the twelve months ended December 31, 2024 we had a total stock-based compensation expense of $865,307 this is comprised of $324,998 in
restricted stock unit compensation expense, and $540,309 of stock-based compensation expense for employee options.

Stock-based
Compensation Expense

The
impact on our results of operations of recording stock-based compensation expense for the years ended December 31, 2024 and 2023 was
as follows:

 Schedule of Stock-based Compensation Expense

    2024  
    2023 

    Years Ended 

    December 31, 

    2024  
    2023 
  
    General and administrative 
    $(32,580) 
    $161,593 
  
    Sales and marketing 
     406,344  
     359