Company: MFON
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0001641172-25-014006
Chunk: 74

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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each as the Convertible Note. Interest on the Convertible Notes will be accreted and added to the unpaid principal balance prior to conversion.
The Convertible Notes are payable in one installment three years from the date of the Convertible Note. As of March 31, 2025 the
Convertible Notes had a principal balance of $425,000 and accrued interest of $6,552.

Interest Expense

Interest expense was $631,333 and $397,472 during
the three months ended March 31, 2025 and 2024, respectively.

8. Common Stock and Equity Payable

Common Stock and Equity Payable

2024

During the three months ended March 31, 2024 no shares were issued and
no equity payable was recorded.

As of the three months ended March 31, 2024 we had an equity payable balance
of $989,947

2025

On January 24, 2025 a total of 1,860,123 shares of common stock were granted
from equity payable to Thomas Akin as settlement of $450,272 of interest payable and the Company recorded a loss on settlement of debt
of $143,554.

On January 24, 2025 a total of 86,109 shares of common stock were granted
from equity payable to Talkot Fund LP as settlement of $20,844 of interest payable and the Company recorded a loss on settlement of debt
of $6,645.

On March 31, 2025 a total of $220,242 of interest
was accrued and settled to equity payable for the issuance of 620,821 shares of common stock.

On March 31, 2025 a total of $10,195 of interest was
accrued and settled to equity payable for the issuance of 28,739 shares of common stock.

During the three months ended March 31, 2025, the Company issued 1,946,232
shares for $471,116 from equity payable and recorded a loss on settlement of debt for $150,199. A total of $230,438 of interest was accrued
and settled to equity payable.

As of the March 31, 2025 the Company had an equity payable balance of $331,301.
These share consist of $230,439 interest payable to be settled into 649,560 shares and $100,862 in RSU’s payable of 93,390 shares.

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Stock-based Plans