Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 440

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1C
Chunk 440
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 date of grant, based on the calculated fair value of the stock-based award, and is recognized as
expense over the employee’s requisite service period (generally the vesting period of the award). We estimate the fair value of
employee stock options granted using the Black-Scholes Option Pricing Model. Key assumptions used to estimate the fair value of stock
options include the exercise price of the award, the fair value of our common stock on the date of grant, the expected option term, the
risk-free interest rate at the date of grant, the expected volatility and the expected annual dividend yield on our Company’s common
stock. We have elected to account for forfeitures as they occur to determine the amount of compensation cost to be recognized in each
period.

Derivative
Financial Instruments

We
do not use derivative instruments to hedge exposures to cash flow, market or foreign currency risks.

We
review the terms of the common stock, warrants and convertible debt we issue to determine whether there are embedded derivative instruments,
including embedded conversion options, which are required to be bifurcated and accounted for separately as derivative financial instruments.
In circumstances where the host instrument contains more than one embedded derivative instrument, including the conversion option, that
is required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument.

Off-Balance
Sheet Arrangements

We
have no off-balance sheet arrangements.

Item
7A. Quantitative and Qualitative Disclosures About Market Risk.

Smaller
reporting companies are not required to provide the information required by this item.

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Item
8. Financial Statements

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Board of Directors and

Stockholders
of Mobivity Holdings Corp.

Opinion
on the Consolidated Financial Statements

We
have audited the accompanying consolidated balance sheets of Mobivity Holdings Corp. (the Company) as of December 31, 2024 and 2023,
and the related consolidated statements of operations and comprehensive loss, stockholders’ equity (deficit), and cash flows for
each of the years in the two-year period ended December 31, 2024, and the related notes (collectively referred to as the financial statements).
In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December
31, 2024 and 2023, and the results of its operations