Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 363

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 363
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965 or via newly enacted Global Intangible Low-Taxed Income (“GILTI”) provision, enacted as part of the 2017 U.S. Tax Act. The Company would be subject to U.S. state tax and potential foreign withholding taxes on a repatriation of the foreign earnings. The amount of unrecognized deferred income tax liability related to these earnings is not material.

Estimate of cumulative foreign earnings is as follows as of December 31:

Schedule of Cumulative Foreign Earnings

|       |     |   |   2024 |     |   |   2023 |
|:------|:----|:--|-------:|:----|:--|-------:|
| China |     | $ |  6,694 |     | $ |  5,471 |
| India |     |   |  5,309 |     |   |  5,102 |
| Total |     | $ | 12,003 |     | $ | 10,573 |

The Company had net operating loss carryovers as follows as of December 31:

Summary of Operating Loss Carryforwards

|                               |     |   |    2024 |     |   |   2023 |
|:------------------------------|:----|:--|--------:|:----|:--|-------:|
| Federal NOL                   |     | $ | 118,497 |     | $ | 88,066 |
| Domestic Tax Authority        |     | $ | 112,247 |     | $ | 88,066 |
| State NOL                     |     | $ |   7,875 |     | $ |  7,086 |
| State and Local Jurisdiction  |     | $ |   7,875 |     | $ |  7,086 |
| Net operating loss carryovers |     | $ |   7,875 |     | $ |  7,086 |

| F-45 |

Net operating loss carryforwards are available to offset future federal and state taxable income. Federal and state net operating loss carryforwards begin to expire in 2037 and 2035, respectively. The net operating losses have annual Section 382 limitations.

The Company had research and development (“R&D”) credit carryforwards as follows as of December 31:

Summary of Tax Credit Carryforwards

|                                |     |   | 2024 |     |   | 2023 |
|:----------------------------