Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 481

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1C
Chunk 481
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 on an average volatility rate of 72% and an option fair value of $0.2922.

Warrants
Exercised in 2024

During
the first quarter of 2024, one warrant holders was issued 3,291,664 warrants as an inducement for Convertible Notes issued at the exercise
price of $.60 per share, resulting in additional capital of $1,950,000. The Company recorded $466,594 of stock-based expense related
to warrants issued with issuance of convertible notes. The total estimated value of the warrants using the Black-Scholes Model is based
on an average volatility rate of 93% and an option fair value of $0.1418.

    -41-

During
the second quarter of 2024, one warrant holders was issued 3,499,997 warrants as an inducement for Convertible Notes issued at the exercise
price of $.60 per share, resulting in additional capital of $2,100,000. The Company recorded $618,737 of stock-based expense related
to warrants issued with issuance of convertible notes. The total estimated value of the warrants using the Black-Scholes Model is based
on an average volatility rate of 91% and an option fair value of $0.1768.

During
the third quarter of 2024, one warrant holders was issued 2,124,999 warrants as an inducement for Convertible Notes issued at the exercise
price of $.60 per share, resulting in additional capital of $1,275,000. The Company recorded $298,187 of stock-based expense related
to warrants issued with issuance of convertible notes. The total estimated value of the warrants using the Black-Scholes Model is based
on an average volatility rate of 104% and an option fair value of $0.1403.

During
the fourth  quarter of 2024, one warrant holders was issued 2,541,664 warrants as an inducement for Convertible Notes issued at the exercise
price of $.60 per share, resulting in additional capital of $1,525,000. The Company recorded $358,352 of stock-based expense related
to warrants issued with issuance of convertible notes. The total estimated value of the warrants using the Black-Scholes Model is based
on an average volatility rate of 139% and an option fair value of $0.1410.

11.
Income Taxes

On
March 27, 2020,