Company: MFON
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0001641172-25-014006
Chunk: 34

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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arrants

    Shares  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Term (Years) 
  
    Outstanding at December 31, 2023 
     10,163,222  
    $0.94  
     2.27 
  
    Granted 
     11,458,324  
    $—  
     — 
  
    Canceled/forfeited/expired 
     (20,339) 
    $—  
     — 
  
    Outstanding at December 31, 2024 
     21,601,207  
    $0.94  
     2.48 
  
    Granted 
     416,667  
    $—  
     — 
  
    Exercised 
     —  
    $—  
     — 
  
    Canceled/forfeited/expired 
     (768,190) 
    $—  
     — 
  
    Outstanding at March 31, 2025 
     21,249,684  
    $0.71  
     1.89 

    19

2024

During the first quarter of 2024, one
warrant holders was issued 3,291,664
warrants as an inducement for Convertible Notes issued at the exercise price of $.60
per share, resulting in additional capital of $2,250,000.
The Company recorded a discount of  $466,594 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 93%
and an option fair value of $0.1418.

2025

During the first quarter of 2025, one
warrant holders was issued 416,667
warrants as an inducement for Convertible Notes issued at the exercise price of $.60
per share, resulting in additional capital of $250,000.
The Company recorded a discount of $69,502 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 144%
and an option fair value of $0.1668.

9. Fair Value Measurements

Fair value is defined as an exit price, representing
the amount that would be received to sell an