Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 527

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 2
Chunk 527
---
10.2 million for the year ended 2024, and we used $6.1
million of cash in our operating activities during 2024. We raised $6.9 million in cash Convertible Notes issued during 2024.

Our
additional cash from our convertible notes along with our expected cash flow from operations, may not be sufficient to fund our 12-month
plan of operations, and there can be no assurance that we will not require significant additional capital within 12 months.

If
our cash reserves prove insufficient to sustain operations, we plan to raise additional capital by offering additional convertible notes.
In addition we currently have an additional $126,875 available on our current line of credit. We may need additional financing thereafter
until we can achieve profitability. If we cannot, we will be forced to curtail our operations or possibly be forced to evaluate a sale
or liquidation of our assets. Any future financing may involve substantial dilution to existing investors.

Although
we are actively pursuing financing opportunities, we may not be able to raise cash on terms acceptable to us or at all. There can be
no assurance that we will be successful in obtaining additional funding. Financings, if available, may be on terms that are dilutive
to our shareholders, and the prices at which new investors would be willing to purchase our securities may be lower than the current
price of our ordinary shares. The holders of new securities may also receive rights, preferences or privileges that are senior to those
of existing holders of our ordinary shares. If additional financing is not available or is not available on acceptable terms, we will
have to curtail our operations in the short term.

Cash
Flows

    For the Year Ended 

    December 31, 

    2024  
    2023 
  
    Net cash provided by (used in): 

    Operating activities 
    $(6,066,156) 
    $(8,067,469)
  
    Investing activities 
     (13,327) 
     (16,255)
  
    Financing activities 
     6,842,965  
     8,090,492 
  
    Effect of foreign currency translation on cash flow 
     216,106  
     (17,113)
  
    Net change in cash 
    $979,588  
    $(10,345)

Operating
Activities

We
incurred a net loss in operating activities totaling $6,066,156