Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 363

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 363
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10,573 |

The Company had net operating loss carryovers as follows as of December 31:

Summary of Operating Loss Carryforwards

|                               |     |   |    2024 |     |   |   2023 |
|:------------------------------|:----|:--|--------:|:----|:--|-------:|
| Federal NOL                   |     | $ | 118,497 |     | $ | 88,066 |
| Domestic Tax Authority        |     | $ | 112,247 |     | $ | 88,066 |
| State NOL                     |     | $ |   7,875 |     | $ |  7,086 |
| State and Local Jurisdiction  |     | $ |   7,875 |     | $ |  7,086 |
| Net operating loss carryovers |     | $ |   7,875 |     | $ |  7,086 |

| F-45 |

Net operating loss carryforwards are available to offset future federal and state taxable income. Federal and state net operating loss carryforwards begin to expire in 2037 and 2035, respectively. The net operating losses have annual Section 382 limitations.

The Company had research and development (“R&D”) credit carryforwards as follows as of December 31:

Summary of Tax Credit Carryforwards

|                                |     |   | 2024 |     |   | 2023 |
|:-------------------------------|:----|:--|-----:|:----|:--|-----:|
| Federal R&D credits            |     | $ |    — |     | $ |    — |
| Internal                       
 Revenue Service (IRS)          |     | $ |    — |     | $ |    — |
| California R&D credits         |     | $ |  129 |     | $ |  127 |
| California Franchise Tax Board |     | $ |  129 |     | $ |  127 |
| R&D credits                    |     | $ |  129 |     | $ |  127 |

Federal and state laws impose restrictions on the utilization of net operating loss carryforwards and R&D credit carryforwards in the event of a change in ownership of the Company, which constitutes an ‘ownership change’ as defined by Internal Revenue Code Section 382 and 383. The Company experienced an ownership change in the past that materially impacts the availability of its