Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 963

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 8
Chunk 963
---
 an opinion
on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our
audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error
or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding
the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits
provide a reasonable basis for our opinion.

Critical
Audit Matter

The
critical audit matter communicated below is a matter arising from the current period audit of the financial statements that was
communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material
to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of
the critical audit matter does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by
communicating the critical audit matter below, providing separate opinions on the critical audit matter or on the accounts or
disclosures to which it relates.

Revenue
Recognition

As
discussed in note 2 to the financial statements, the Company recognizes revenue upon transfer of control of promised services to
customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or
services.

Auditing
management’s evaluation of agreements with customers involves significant judgment, given the fact that some agreements require
management’s evaluation and allocation of the standalone transaction prices to the performance obligations.

To
evaluate the appropriateness and accuracy of the assessment by management, we evaluated management’s assessment in relationship
to the relevant agreements.

/s/
M&K CPAS, PLLC

We
have served as the Company’s auditor since 2012.

The
Woodlands, TX

April
7, 2025

Firm ID 2738

-21-

Table of Contents

Mobivity
Holdings Corp.

Consolidated
Balance Sheets

    December 31,  
    December 31, 

    2024  
    2023 
  
    ASSETS 

    Current assets 

    Cash 
    $1,261,240  
    $316,395 
  
    Restricted Cash 
     134,743