Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 311

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 311
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 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 of Accrued Expenses

|                                  |     |   | September 30, 2025 |     |   | December 31, 2024 |
|:---------------------------------|:----|:--|-------------------:|:----|:--|------------------:|
| Customer allowances              |     | $ |              4,171 |     | $ |            11,421 |
| Contract fulfillment liabilities |     |   |              2,070 |     |   |             2,939 |
| Inventory received, not billed   |     |   |              3,019 |     |   |             1,563 |
| Employee-related liabilities     |     |   |                859 |     |   |             2,247 |
| Other                            |     |   |              3,512 |     |   |             2,722 |
| Accrued liabilities              |     | $ |             13,631 |     | $