Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 769

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 4
Chunk 769
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 (2)
    provide
    reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with
    generally accepted accounting principles, and that receipts and expenditures of the issuer are being made only in accordance with
    authorizations of management and directors of the issuer.

-49-

Under
the supervision of our Chief Executive Officer, being our principal executive officer, and our Chief Financial Officer, being our principal
financial officer and principal accounting officer, we conducted an evaluation of the effectiveness of our internal control over financial
reporting as of December 31, 2024 using the criteria established in Internal Control—2013 Integrated Framework issued by the Committee
of Sponsoring Organizations of the Treadway Commission (COSO). This evaluation included review of the documentation of controls, evaluation
of the design effectiveness of controls, testing of the operating effectiveness of controls and a conclusion on this evaluation. Based
on this evaluation under the criteria established in Internal Control – Integrated Framework, our management concluded that our
internal control over financial reporting was not effective as of December 31, 2024.

As
a small company with limited resources that are mainly focused on the development and sales of software products and services, the Company
does not employ a sufficient number of staff in its finance department to possess an optimal segregation of duties or to provide optimal
levels of oversight. This has resulted in certain audit adjustments and management believes that there may be a possibility for a material
misstatement to occur in future periods while it employs the current number of personnel in its finance department.

This
annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial
reporting. Management’s report is not subject to attestation by our registered, public accounting firm pursuant to the rules of
the SEC that permit us to provide only management’s report in this annual report.

Changes
in Internal Control

There
was no change in our internal control over financial reporting, as defined in Rules 13a-15(f)under the Exchange Act, that occurred during
the fiscal year ended December 31, 2024 and 2023 that has materially affected, or is reasonably likely to materially affect, our internal
control over financial reporting.

Item
9B. Other Information

During
the three months ended December 31, 2024, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted,
modified or terminated any contract,