Company: MFON
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0001641172-25-014006
Chunk: 61

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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 (Loss) from Operations 
     111,755  
     (134,479)

    Net Income (Loss) from Discontinued Operations 
    $111,755  
    $(134,479)

The Company’s execution of the Asset Purchase
Agreement has met the criteria to be reported as discontinued operations. In accordance with GAAP, assets and liabilities of discontinued
operations are presented separately in the Consolidated Balance Sheets, and results of discontinued operations are reported as a separate
component of Consolidated net loss in the Consolidated Statements of Loss, for all periods presented, resulting in changes to the presentation
of certain prior period amounts. Cash flows from discontinued operations are reported separately in the Consolidated Statements of Cash
Flows. The assets and liabilities of discontinued operations are presented separately in the Consolidated Balance Sheets for all periods
presented.

4. Going Concern

The Company had $291,732 of cash as of March 31, 2025.
The Company had a net loss of $2.6 million for the three months ended March 31, 2025, and we used $2,043,187 of cash in our operating
activities during that time. In the three months ended March 31, 2024 we had a net loss of $2.3 million and used $2,170,290 of cash in
our operating expenses. The Company raised 2.3 million in cash from Convertible Notes issued during 2025. The Company raised $6.9 million
in cash Convertible Notes issued during 2024.

Our additional cash from our convertible notes along
with our expected cash flow from operations, may not be sufficient to fund our 12-month plan of operations, and there can be no assurance
that we will not require significant additional capital within 12 months.

As shown in the accompanying financial statements,
the Company has incurred net losses from operations resulting in an accumulated deficit of $142.8 million as of March 31, 2025. Further
losses are anticipated in the development of the Company’s business raising substantial doubt about the Company’s ability
to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations
in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business
operations when they come due. Management intends to finance operating costs over the next 12 months with proceeds from the sale of securities,
and/or revenues from operations. These