Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 573

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 2
Chunk 573
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 Black-Scholes Model is based
on an average volatility rate of 104% and an option fair value of $0.1403.

During
the fourth  quarter of 2024, one warrant holders was issued 2,541,664 warrants as an inducement for Convertible Notes issued at the exercise
price of $.60 per share, resulting in additional capital of $1,525,000. The Company recorded $358,352 of stock-based expense related
to warrants issued with issuance of convertible notes. The total estimated value of the warrants using the Black-Scholes Model is based
on an average volatility rate of 139% and an option fair value of $0.1410.

11.
Income Taxes

On
March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) was enacted and signed into law in response to
the market volatility and instability resulting from the COVID-19 pandemic. It includes a significant number of tax provisions and lifts
certain deduction limitations originally imposed by the Tax Cuts and Jobs Act of 2017 (the 2017 Act). The changes are mainly related
to: (1) the business interest expense disallowance rules for 2019 and 2020; (2) net operating loss rules; (3) charitable contribution
limitations; (4) employee retention credit; and (5) the realization of corporate alternative minimum tax credits. The Company does not
anticipate the application of the CARES Act provisions to materially impact the overall Consolidated Financial Statements.

For
the years ended December 31, 2024 and 2023 the provisions for income taxes were as follows:

 Schedule
of Components of Income Tax Expense Benefit

     2024  
     2023 
  
    Federal – current 
    $—  
    $— 
  
    State – current 
     —  
     — 
  
    Foreign – current 
     —  
     — 
  
    Total 
    $—  
    $— 

Under
ASC 740, deferred income tax assets and liabilities reflect the net tax effects of temporary differences between the carrying amounts
of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

    -42-

Significant
components of our net deferred tax assets and liabilities as of December 31, 2024 and 2023 are as follows:

 Schedule
of Deferred Tax