Company: SONM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001493152-25-020310
Chunk: 26

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 26
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 years)  
    Aggregate Intrinsic  Value* 
  
    Outstanding at January 1, 2025 
     41,874  
    $112.14  

    Granted 
     —  
     —  

    Exercised 
     —  
     —  

    Forfeited and Expired 
     (5,514) 
     116.18  

    Outstanding at September 30, 2025 
     36,360  
    $111.53  
     7.38  
    $— 
  
    Vested and Expected to Vest at September 30, 2025 
     36,360  
    $111.53  
     7.38  
    $— 
  
    Exercisable at September 30, 2025 
     26,171  
    $117.37  
     7.12  
    $— 

    *
    The
    intrinsic value is calculated as the difference between the exercise price and the fair value of the common stock on the balance
    sheet date.

As
of September 30, 2025, there was approximately $692 of unamortized stock-based compensation cost related to unvested stock options, which
is expected to be recognized over a weighted average period of 1.25 years.

    17

Restricted
Stock Units

Restricted
Stock Unit (“RSU”) activity, as adjusted for the Reverse Stock Splits, for the nine months ended September 30, 2025, is set
forth in the table below:

Schedule of Outstanding Restricted Stock Units

    RSUs 
  
    Outstanding at January 1, 2025 
     3,769 
  
    Granted 
     39,187 
  
    Released 
     (42,956)
  
    Forfeited 
     — 
  
    Outstanding at September 30, 2025 
     — 

NOTE
7 — Income Taxes

For
the three months ended September 30, 2025, and 2024, the Company recorded provisions for income taxes of $90 and $117, respectively.
For the nine months ended September 30, 2025, and 2024, the Company recorded provisions for income taxes of $361 and $279, respectively.
The Company’s effective income tax rate is negative 3.2% for the nine