Company: MFON
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0001641172-25-014006
Chunk: 112

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 4
Chunk 112
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Evaluation of Disclosure Controls and Procedures

As required by Rule 13a-15(b) promulgated under the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), our management, with the participation of our Principal
Executive Officer and Interim Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures, as defined
in Exchange Act Rule 13a-15(e), as of the end of the period covered by this report. “Disclosure controls and procedures,”
as defined in Exchange Act Rule 13a-15(e), are controls and other procedures that are designed to ensure that information required to
be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within
the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls
and procedures designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange
Act is accumulated and communicated to our management, including our Principal Executive Officer and Interim Chief Financial Officer,
as appropriate to allow timely decisions regarding required disclosure. Based on this evaluation, our management, including our Principal
Executive Officer and Interim Chief Financial Officer, concluded that as of March 31, 2025 our disclosure controls and procedures were
not effective.

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.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over
financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act, that occurred during the three months ended March
31, 2025 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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Table of Contents

PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

Marina Soliman v. Subway Franchisee Advertising Fund
Trust, LTD, Second Circuit Court of Appeals, Case No. 22-1726 – this is putative class action alleging that