Company: MFON
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0001641172-25-014006
Chunk: 62

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 financial statements do not include any adjustments relating to the recoverability and classification
of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

    9

5. Intangibles

Intangible assets

The following table presents details of our purchased
intangible assets as of March 31, 2025 and December 31, 2024:

 Schedule
of Intangible Assets

    Balance at December 31, 2024  
    Additions  
    Impairments  
    Amortization  
    Foreign Exchange and Other  
    Balance at March 31, 2025 
  
    Patents and trademarks 
    $55,689  
    $—  
    $—  
    $(1,811) 
    $—  
    $53,878 
  
    Customer and merchant relationships 
     —  
     —  
     —  
    $—  
     —  
     — 
  
    Trade names 
     —  
     —  
     —  
    $—  
     —  
     — 

    $55,689  
    $—  
    $—  
    $(1,811) 
    $—  
    $53,878 

The intangible assets are being amortized on a straight-line
basis over their estimated useful lives of one year to twenty years.

Amortization expense for intangible assets was $1,811
and $9,192 for the three months ended March 31, 2025 and 2024, respectively, and is included in depreciation and amortization on the
accompanying unaudited condensed consolidated statements of operations and comprehensive loss.

The estimated future amortization expense of our intangible
assets as of March 31, 2025 was as follows:

Schedule of Finite Lived Intangible Assets Future Amortization Expense 

    Year ending December 31, 
    Amount 
  
    2025 
    $5,434 
  
    2026 
    $7,246 
  
    2027 
    $7,246 
  
    2028 
    $7,246 
  
    2029 
    $7,246 
  
    Thereafter 
    $19,460 
  
    Total 
    $53,878 

    10

6. Operating Lease