Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 309

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 309
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, 2025. Three customers account for 33%, 24%, and 12% of accounts receivable, net, at December 31, 2024.

In October 2023, the Company stopped sales of the white label products to its customer as the product reached the end of its life cycle. In February 2024, an agreement was executed that transferred $11,308 of the receivables to the manufacturer of the white label products in exchange for relieving the Company of a $11,308 accounts payable liability.

| F-11 |

The following table presents the components of the Company’s inventory:

Schedule of Inventory

|                      |     |   | September 30, 2025 |     |   | December 31, 2024 |
|:---------------------|:----|:--|-------------------:|:----|:--|------------------:|
| Devices – for resale |     | $ |              2,194 |     | $ |             4,633 |
| Raw materials        |     |   |              8,080 |     |   |             5,598 |
| Accessories          |     |   |                712 |     |   |               390 |
| Inventory, net       |     | $ |             10,986 |     | $ |            10,621 |

For certain new products, the Company began purchasing raw materials in 2024 that will be used by the third-party manufacturers to build the products. These purchased parts represent most of the raw materials in inventory at September 30, 2025 and December 31, 2024.

The following table presents the components of the Company’s prepaid expenses and other current assets:

Schedule of Prepaid Expenses and Other Current Assets

|                        |     |   | September 30, 
          2025 |     |   | December 31, 2024 |
|:-----------------------|:----|:--|--------------:|:----|:--|------------------:|
| Deposits for inventory |     | $ |         2,186 |     | $ |             2,697 |
| Other                  |     |   |         1,653 |     |   |             1,865 |
| Prepaid expenses and   
 other current assets   |     | $ |         3,839 |     | $ |             4,562 |

The following table presents the components of the Company’s accrued liabilities:

Schedule