Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 250

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 250
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 $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 in 2024 and $8,067,469 in 2023, respectively. The decrease in net loss
in operating activities in 2024 compared to 2023 was due primarily to the reduction of expense associated with warrant conversions from
2023 that were absent in 2024.

Investing
Activities

Investing
activities during twelve months ended December 31, 2024, $13,327 of equipment purchases compared to $16,255 in twelve months ended December
31, 2023.

Financing
Activities

Financing
activities for 2024 include convertible notes issued in the amount of $6,850