Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 131

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1
Chunk 131
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 the federal level, as well.

    ●
    
    Children.
    The Children’s Online Privacy Protection Act prohibit the knowing collection of personal information from children under
    the age of 13 without verifiable parental consent, and strictly regulate the transmission of requests for personal information to
    such children. Other countries do not recognize the ability of children to consent to the collection of personal information. In
    addition, it is likely that behavioral advertising regulations will impose special restrictions on use of information collected from
    minors for this purpose.

    ●
    
    Data
    Privacy Acts. Individual states and countries have enacted or are moving forward with privacy compliance rules based on industry
    and types of data collected, such as the California Consumer Privacy Act (“CCPA”), Nevada’s Senate Bill 220 and
    the EU’s General Data Protection Regulation (“GDPR”). The acts provide residents the right to know what data is
    being collected about them and have access to it, whether that information is sold and the ability to refuse that data being sold,
    as well as the ability to opt out of its collection. Penalties for non-compliance vary by state and country, for instance the maximum
    penalty of the CCPA is $7,500 for intentional violations. The largest financial impact of CCPA on a business is the provisioning
    of the right of consumers to bring forward lawsuits. These situations may arise from instances where their “non-encrypted or
    non-redacted personal information” is breached, regardless of the harm done to the data. Under the CCPA, consumers can collect
    between $100 and $750 for each event. If the damages are greater than $750, then the consumer may receive even more.

Employees

As
of March 27 2025, we had 28 employees, consisting of 13 full-time in research and development, 10 full-time in sales and marketing, and
4 full-time in general and administrative.

Available
Information

The
Company maintains a website at www.mobivity.com, where our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports
on Form 8-K, and other reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act can be found.

Item
1A. Risk Factors.

Risks
Relating to Our Business

We
may need additional financing to execute our business plan and fund operations, which additional financing may not be available on reasonable